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Tag: Mergers and acquisitions

Taco Bell parent is buying Habit Burger to break into fast casual

Source: Habit Burger Grill Yum Brands‘ $375 million acquisition of Habit Restaurants gives the owner of Taco Bell, KFC and Pizza Hut an opportunity to break into the fast-casual industry at a time when fast-food restaurants are struggling. Habit operates Habit Burger Grill, a premium burger chain founded in 1969 with nearly 280 locations, including …

Taco Bell parent is buying Habit Burger to break into fast casualRead More

Federal prosecutors open criminal probe of opioid makers and distributors, report says

Federal prosecutors in Brooklyn, New York, have opened a criminal probe into the role drug manufacturers and distributors played in fueling the opioid crisis, The Wall Street Journal reported Tuesday. Companies including Teva, McKesson, Mallinckrodt, AmerisourceBergen, Johnson & Johnson and Amneal Pharmaceuticals have received subpoenas, the Journal reported. Some of those companies had previously disclosed …

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DoorDash continues to lead in the food delivery wars

An exclusive partnership with Cheesecake Factory and deals to deliver for Chipotle Mexican Grill, Five Guys and other local restaurants made DoorDash the leader in U.S. meal delivery last month. According to data from consumer analytics firm Second Measure, DoorDash has 35% of the meal delivery market. Publicly traded rivals Grubhub and Uber Eats captured …

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Peloton jumps 9% on report of new rowing machine and cheaper treadmill

John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in New York, on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Shares of Peloton jumped nearly 9% before the closing bell Wednesday following …

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Incoming CEO of Taco Bell’s parent ‘wouldn’t rule out’ an acquisition

David Gibbs Stefanie Smith | CNBC The incoming CEO of Taco Bell’s parent company Yum Brands is not ruling out adding another brand to its restaurant portfolio. “We don’t need an acquisition to grow,” incoming CEO David Gibbs told analysts on a Wednesday conference call. “Our brands today are strong generally around the world, with …

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Nordstrom says family won’t raise its stake in department store chain

Erik Nordstrom, Co-President and CEO of Nordstrom Inc, speaks during an interview on CNBC at the New York Stock Exchange (NYSE) in New York, U.S., October 22, 2019. Brendan McDermid | Reuters Nordstrom shares dipped on Monday after the department store chain said in a filing with the Securities and Exchange Commission the Nordstrom family …

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P&G CFO Jon Moeller says it’s in a ‘much better place’ to withstand recession

Procter & Gamble CFO Jon Moeller doesn’t see any signs the U.S. consumer is slowing, but that can change “pretty quickly,” he acknowledged in the company’s fiscal first-quarter earnings call. If it does, the company is ready. “We are better positioned for several reasons to deal with [an economic] downturn than we were in 2007,” …

P&G CFO Jon Moeller says it’s in a ‘much better place’ to withstand recessionRead More

Sears is reportedly considering the sale of DieHard

A man walks by a Sears store. Andy Clark | Reuters Sears’ current owner is exploring potential assets to sell off, including its DieHard brand, The Wall Street Journal reported. Transform Holdco, the retailer’s parent, has hired investment bankers to advise on the potential asset sales, people familiar with the situation told the Journal. Sears …

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A Barneys liquidation grows more likely as rival deal falls flat

A Barney’s store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America’s most exclusive clothing stores, has filed for bankruptcy. Spencer Platt | Getty Images A deal led by retail investor Sam Ben-Avraham to buy Barneys New York out of bankruptcy fell flat in court Thursday, making the …

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