Advent International backed Sovos Brands has agreed to acquire Rao's Specialty Foods, the owner of Rao's Homemade pasta sauce made from natural ingredients. The transaction is expected to be completed during the third quarter of this ...
Tags: Sovos Brands, Specialty Foods
Siri Comes to Mac with All-New Capabilities for the Desktop macOS Sierra brings Siri to the Mac. Cupertino, California — Apple today announced that macOS Sierra, the latest major release of the world's most advanced desktop ...
Tags: Siri, Mac, Desktop, free update
Lululemon Athletica Inc. reported second-quarter earnings declined slightly but came in better than planned with same-store sales on a currency-neutral rising 11 percent. The yoga-themed retailer raised its guidance for the year. For the ...
Net revenue for the first fiscal quarter ended May 3, 2015 at apparel retailer Lululemon Athletica Inc. climbed 10 per cent to $423.5 million from $384.6 million in the first quarter of fiscal 2015. “Total comparable sales, which ...
Tags: Lululemon Athletica, Apparel
Net revenue at yoga inspired athletic apparel company; Lululemon Athletica drove up 13 per cent year over year in year ended February 1, 2015. In a press release, Lululemon Athletica said that in fiscal 2014, net revenue surged 13 per ...
Lululemon Athletica Inc. upgraded its net revenue and earnings guidance for the fourth quarter of fiscal 2014 ahead of its presentation at the ICR XChange investor conference on Monday. For the fourth quarter ending Feb. 1, Lululemon now ...
Tags: guest experience, international expansion efforts, Sporting Goods
lululemon athletica Inc., a yoga-inspired athletic apparel company, has appointed Stuart C Haselden as the chief financial officer (CFO), effective from February 2, 2015. Haselden’s career spans 15 years of executive leadership at ...
Tags: driving strategy, international growth, shareholder value, Apparel
Revenue at yoga inspired athletic apparel marketer, Lululemon Athletica Inc climbed in double digits, year on year for the third quarter ended November 2, 2014. For the third quarter of 2014, net sales rose 10 per cent to $419.4 million ...
Lululemon Athletica Inc. reported net revenue increased 10 percent to $419.4 million for the third quarter ended Nov. 2, from $379.9 million in the third quarter of fiscal 2013. The retailer, which is fending off growing competition in the ...
Private equity firm Advent International has acquired Noosa Yoghurt in the US for an undisclosed amount. Noosa Finest Yoghurt is currently sold in more than 5,000 grocery, natural and specialty stores across the nation including Whole ...
Tags: Noosa Yoghurt, Agriculture
Respect Your Universe Inc. conitnued to build out its senior management team with the appointment of Manfred Vollmer as chief operating officer. Manfred joins RYU with 30+ years of international experience in retail, real estate, operations ...
Lululemon Athletica inc. Founder Dennis J. (Chip) Wilson has agreed to sell half his shares in the apparel maker equal to a 13.85 percent stake of the company to Advent International for approximately $845 million. The transaction has ...
Tags: Lululemon, Shares, Sporting Goods
Dennis Wilson, founder and board member of NASDAQ-listed lululemon athletica Inc has sold his 13.85% stake to Advent International, a global private equity investor. The deal has been signed for $845 million and Advent will be acquiring ...
Tags: Dennis Wilson, Apparel, Accessories
Lululemon Athletica Inc. reported a drop in profit for the fiscal first quarter amid a tax charge tied to a share-repurchase plan and lowered its outlook for the year. Comparable-store sales for the first quarter decreased 4 percent on a ...
Tags: Sporting Goods, Recreation
Manhattan Skyline announces that Madewell, the high-quality spin-off boutique of J. Crew, has signed a deal at 1144 Madison Avenue between East 84th and East 85th Streets. This will be its newest store in Manhattan and its first uptown ...
Tags: Trendy Clothing, J Crew, retail spots