Latest News on private equities market

Lufthansa seeking 9 billion euro bailout

Lufthansa seeking 9 billion euro bailout

Lufthansa on Thursday said it is negotiating a 9 billion euro ($9.71 billion) "stabilisation package" with Germany's Federal Economic Stabilization Fund, confirming an earlier Reuters report.



6 years ago
Wall Street jumps as PayPal outlook, China data fuel recovery hopes

Wall Street jumps as PayPal outlook, China data fuel recovery hopes

U.S. stocks jumped on Thursday as investors were encouraged by PayPal's outlook and an unexpected rise in Chinese exports, which raised hopes of an economic recovery.



6 years ago
Next enters British beauty contest in former Debenhams stores

Next enters British beauty contest in former Debenhams stores

British clothes retailer Next will open five standalone beauty halls in former Debenhams stores across the country as a first step in its ambition to become a new force in beauty retailing, the company said on Thursday.



6 years ago
The pandemic ‘unicorn’: Canadian startup dependent on travel joins $1-billion-plus club

The pandemic ‘unicorn’: Canadian startup dependent on travel joins $1-billion-plus club

Financial Post | James McLeod | May 5, 2020 Platform connects international students to universities, colleges and high schools with one application system University campuses around the world may be closed and international travel may have ground to a halt, but that hasn’t stopped an Ontario startup that depends on both to launch itself into

6 years ago
After the triumph of Animal Crossing, a thin pipeline for Nintendo

After the triumph of Animal Crossing, a thin pipeline for Nintendo

The runaway success of Nintendo Co Ltd's island life simulator Animal Crossing: New Horizons has overshadowed an uncomfortable fact for fans of the Switch console - it lacks upcoming titles.



6 years ago
Harley appoints turnaround specialist Jochen Zeitz to revive sales

Harley appoints turnaround specialist Jochen Zeitz to revive sales

Harley-Davidson Inc on Thursday appointed board member and turnaround specialist Jochen Zeitz to the role of chief executive officer, as the struggling motorcycle maker looks to tap into his expertise to woo customers and revive sales.



6 years ago
Luxury department store chain Neiman Marcus files for bankruptcy

Luxury department store chain Neiman Marcus files for bankruptcy

Neiman Marcus Group filed for bankruptcy protection on Thursday, marking one of the highest-profile collapses yet among retailers forced to temporarily close stores in response to the COVID-19 pandemic.



6 years ago
IAG CEO says would like group to continue to have presence at Gatwick

IAG CEO says would like group to continue to have presence at Gatwick

The chief executive of British Airways-owner IAG Willie Walsh said on Thursday that his personal was that the airline group should continue to have a presence at London's Gatwick Airport.



6 years ago
Global luxury gloom to deepen despite easing lockdowns: Bain

Global luxury gloom to deepen despite easing lockdowns: Bain

Global sales of luxury goods are expected to slump by 50% to 60% in the second quarter even as some countries begin to ease coronavirus lockdowns and despite signs of recovery in the Chinese market, consultancy Bain said on Thursday.



6 years ago
Britain's Next plans first beauty shops in former Debenhams stores

Britain's Next plans first beauty shops in former Debenhams stores

British clothing retailer Next said on Thursday it plans to open its first standalone beauty shops by taking space in five former Debenhams stores, seeking to diversify its offer into faster growing markets.



6 years ago
H&M's sales tumble, stockpiles grow in March to May

H&M's sales tumble, stockpiles grow in March to May

H&M , the world's second-biggest fashion retailer, said local currency sales had tumbled 57% since the start of March compared with a year ago as the COVID-19 pandemic and lockdowns kept most of its stores closed.



6 years ago
PayPal sees strong second quarter as online spending surges (May 6)

PayPal sees strong second quarter as online spending surges (May 6)

PayPal Holdings Inc said it expects a strong recovery in payments volumes in the second quarter as social distancing drives more people to shop online, even as lockdowns start to ease, sending its shares up 8% in extended trading.



6 years ago
Investors are betting two of the hardest hit groups — energy and airlines — have bottomed

Investors are betting two of the hardest hit groups — energy and airlines — have bottomed

The last few weeks have seen many unusual flows into exchange-traded funds that offer an insight into the market recovery.

6 years ago
H&M sales fall 57% year-on-year in March through early May

H&M sales fall 57% year-on-year in March through early May

Swedish fashion retailer H&M said on Thursday its sales tumbled 57% from a year ago in local currencies during the March 1 to May 6 period as the novel coronavirus pandemic and restrictions to curb it kept most of its stores closed.



6 years ago
Stocks cheer China trade relief, bonds face debt deluge

Stocks cheer China trade relief, bonds face debt deluge

World shares climbed on Thursday after Chinese exports proved far stronger than even bulls had imagined, while bond investors were still daunted by the staggering amount of U.S. debt set to be sold and a tussle over ECB bond buying.



6 years ago