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Tag: agrees

Tapestry CEO agrees to stay at company for three years, Coach brand president to resign

Jide Zeitlin, CEO, Tapestry Source: Tapestry Tapestry said Monday Jide Zeitlin, its chairman and CEO, has agreed to stay with the luxury goods retailer over the next three years to work on its plans to restore growth.  Joshua Schulman, the CEO and brand president of Coach, will leave the company after a transition period, Tapestry …

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Laura Ashley agrees emergency funding deal with Wells Fargo | Business

Laura Ashley has staved off the threat of imminent collapse after securing access to sufficient funds to meet its immediate funding needs. The clothing and furnishing retailer said talks with the US bank Wells Fargo over the terms of a £20m loan facility had concluded successfully. “The group should be able to utilise requisite funds …

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Dairy Farmers of America agrees to buy Dean Foods, America’s biggest milk producer, for $425 million

A container of Dean Foods Co. Dairy Pure brand sour cream is displayed for a photograph in Dobbs Ferry, New York, U.S., on Wednesday, Feb. 20, 2019. Tiffany Hagler Geard | Bloomberg | Getty Images Dairy Farmers of America announced Monday that it has agreed to buy Dean Foods, America’s largest milk producer, for $425 …

Dairy Farmers of America agrees to buy Dean Foods, America’s biggest milk producer, for $425 millionRead More

Jupiter agrees £370m deal to buy Merian Global Investors | Business

The investment manager Jupiter is to pay £370m to buy Merian Global Investors in a deal that will create the second-largest retail asset management group in the UK. The enlarged group will have £65bn under management, but some analysts said they regarded the deal as an essentially defensive merger of two struggling businesses. Jupiter has …

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Report: Walgreens agrees to $7.5 million fine for improper vetting

Get great content like this right in your inbox. Subscribe Walgreens is reportedly settling a case involving alleged illegal dispensing of prescriptions. According to the Associated Press, Walgreens has agreed to pay $7.5 million in penalties, costs and remedial payments to settle a consumer protection action filed against it by the California counties of Santa …

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Hudson’s Bay agrees to new offer to go private

Get great content like this right in your inbox. Subscribe The battle to take Hudson’s Bay, whose banners include Saks Fifth Avenue, is apparently over. The department store company has agreed to the new, higher bid by executive chairman Richard Baker and his partners to acquire the retailer for C$11 (or about $8.46 in U.S. …

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Carpetright agrees £15m sale to main investor Meditor | Business

Carpetright has agreed a cut-price £15m sale to its biggest shareholder, saying its new owner would help it complete a turnaround plan in a “very challenging consumer market”. Meditor, a British hedge fund headed by former Old Mutual banker and poker player Talal Shakerchi, is to take full control of Carpetright after buying nearly 30% …

Carpetright agrees £15m sale to main investor Meditor | BusinessRead More