Richard collings axios.

Activist investor Blackwells is preparing to take on the board of fast-food chain Wendy's, as reported by Reuters and confirmed by Axios.. Yes, but: A source familiar with the situation says the article took Wendy's by surprise, noting that activists usually attempt a dialogue first. Of note: Trian, an asset management firm controlled by Nelson Peltz, is …The big picture: Roark — named after the protagonist in Ayn Rand's "The Fountainhead" — is an Atlanta-based private equity firm founded in 2001 by Neal Aronson after he sold a hotel franchisor to the Pritzker family for $100 million. Today it has $37 billion in assets under management, and specializes in "asset light" turnaround situations ...Richard Collings, author of . Axios Pro: Retail Deals; Share on facebook (opens in new window) Share on twitter (opens in new window) ... Luxury retailer Saks …Axios has hired reporter Richard Collings to cover retail. He will be covering mergers and acquisitions, initial public offerings, private equity and other situations related to retail. Collings previously was a retail reporter at Adweek. He also worked at LevFin Insights as a reporter for a year and at S&P Global Markets covering retail and consumer companies. […]

Inside the deal: The new investment totals $3.5 billion, at a valuation that works out to 17x pro forma EBITDA, according to a source briefed on the matter. Pro forma EBITDA through September incorporates the financial performance of Reebok, the sneaker company Authentic Brands acquired for $2.5 billion in August.

Mar 5, 2024. Photo: Justin Sullivan/Getty Images. There's a strong case for Macy's to launch a formal sale process while there's still something left to be sold. Why it matters: Its latest reinvention tour is a rehash of old hits: smaller store footprints, more of a focus on luxury, digital integration, and more store closings.

In the Crusades, Richard the Lionheart was important because he helped the crusaders take possession of Joppa due to his victory at Arsuf and came close to taking possession of Jer...May 5, 2022. Illustration: Gabriella Turrisi/Axios. Food tech company Voyage Foods raised a $36 million Series A round co-led by UBS O'Connor and Level One Fund, the company's CEO and founder Adam Maxwell told Axios. The startup previously raised $6 million and has a pre-money valuation of $85 million, he added.Richard Collings’ Post Richard Collings Reporter at Axios, covering the financial activities of retailers, including M&A, IPOs, SPACs, PE, VC, activist investing, distressed situations and more ...Shares of Birkenstock fell about 8% at the market's open due to what the sandal maker characterized as a modest headwind to its adjusted EBITDA margin despite beating on revenue.. Driving the news: Birkenstock's first earnings since its IPO are closely watched as its performance may reverberate throughout the broader market. It now …

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Authentic Brands Group and Shein struck a licensing deal that will have the online retailer produce a line of Forever 21 clothing, Richard writes.. Why it matters: The partnership opens short- and long-term opportunities for the two firms that generate $30 billion and $40 billion in global retail sales, respectively. Details: Authentic CEO Jamie …

Richard Collings, author of . Axios Pro: Retail Deals. Aug 4, 2023. Share on facebook (opens in new window) Share on twitter (opens in new window) ... Axios had previously identified Roark as one of the bidders. Details: The bankers are still aiming for a purchase price between $9 billion and $10 billion, ...Jan 18, 2024 · Why it matters: While Macy's had a strong third quarter relative to its past performance, the department store category remains deeply troubled, Axios' Richard Collings reports. Macy's reportedly received a $5.8 billion take-private offer from an investor group that includes Arkhouse Management and Brigade Capital Management last month. Italian eyewear manufacturer Marcolin is attracting suitors in a sale process first reported by Reuters, including Kering, Essilor Luxottica, Safilo and Marchon, the FT reports. Why it matters: The company, which is owned by PE firm PAI Partners, is seeking a valuation of up to €1.3 billion, per the FT. Yes, but: The valuation may be a ...Aug 8, 2022. Gilbert Carrasquillo/GC Images. Fabletics is hinging its next phase of growth on its Yitty clothing partnership, COO Meera Bhatia tells Axios. Why it matters: Yitty, a business venture with recording artist Lizzo, could well position Fabletics' for a public debut — which it was reportedly weighing last year.A federal judge has set the date for the Federal Trade Commission's antitrust case against Amazon for October 2026.. Why it matters: The outcome of the regulator's lawsuit will have wide-ranging reverberations throughout the tech world and M&A. Details: The FTC asked U.S. District Judge John Chun in Seattle for the parties to trial ready by …Richard Collings. Focuses on deal-related activity within the retail sector for Axios Pro. Formerly: Mergermarket, The Deal, S&P Global Market Intelligence, Fitch Solutions and Adweek. [email protected].

Nov 7, 2023. Illustration: Aïda Amer/Axios. Retail tech startup Particl launched AI Copilot, a new product that helps customers identify both new and mispriced products, CEO Josh Wilson tells Axios. Why it matters: Retailers need sophisticated software to help them manage supply chains efficiently. How it works: The South Jordan, Utah-based ...Richard Collings, author of . Axios Pro: Retail Deals. Jan 26, 2024. Share on facebook (opens in new window) ... CEO Ashley Murphy tells Axios exclusively.1y. 🚨 #BREAKING: Axios, my happy place, has agreed to sell to Cox Enterprises: — Cash deal values Axios at $525M — Cox will put new money into company to grow biz — …Richard Collings. , author of. Axios Pro: Retail Deals. Photo: Bruce Bennett/Getty Images. Ancora Holdings is calling on the board of department store Kohl's to remove both its chair and CEO and replace them with executives with turnaround experience, the activist investor said Thursday. Why it matters: Third time's a charm?Aug 24, 2023. Illustration: Brendan Lynch/Axios. Shein and Sparc Group struck a strategic partnership, with Shein acquiring a one-third interest in the retail operator and Sparc becoming a minority shareholder in Shein. Why it matters: The deal brings together two of the most important players in retail. Details: Shein will offer what it calls ...

Nov 7, 2023. Illustration: Aïda Amer/Axios. Retail tech startup Particl launched AI Copilot, a new product that helps customers identify both new and mispriced products, CEO Josh Wilson tells Axios. Why it matters: Retailers need sophisticated software to help them manage supply chains efficiently. How it works: The South Jordan, Utah-based ...

Italian eyewear manufacturer Marcolin is attracting suitors in a sale process first reported by Reuters, including Kering, Essilor Luxottica, Safilo and Marchon, the FT reports. Why it matters: The company, which is owned by PE firm PAI Partners, is seeking a valuation of up to €1.3 billion, per the FT. Yes, but: The valuation may be a ...Dec 7, 2022. Illustration: Sarah Grillo/Axios. Elastic Path, a headless commerce technology provider, has raised $30 million in a financing led by Sageview Capital with participation from existing investors, CEO Jamus Driscoll tells Axios. Why it matters: As retailers and brands seek more flexible, customizable software to give them better ...By the numbers: PE invested $91 million in consumer cyclicals and just over $1 billion in consumer non-cyclicals in the U.S. in Q1, nearly $1.1 billion overall. That's below even last year, when PE invested $315 million in consumer cyclicals and nearly $1.4 billion in consumer non-cyclicals, to total nearly $1.7 billion.Shares of Birkenstock fell about 8% at the market's open due to what the sandal maker characterized as a modest headwind to its adjusted EBITDA margin despite beating on revenue.. Driving the news: Birkenstock's first earnings since its IPO are closely watched as its performance may reverberate throughout the broader market. It now …Aug 24, 2023. Illustration: Brendan Lynch/Axios. Shein and Sparc Group struck a strategic partnership, with Shein acquiring a one-third interest in the retail operator and Sparc becoming a minority shareholder in Shein. Why it matters: The deal brings together two of the most important players in retail. Details: Shein will offer what it calls ...Fat Brands, the parent of Fat Burger and Johnny Rockets, said it confidentially filed the registration statement for Twin Peaks and Smokey Bones.. Why it matters: The operating unit would become a standalone public company allowing Fat Brands to raise funds. Zoom in: Axios previously reported that the company planned to spin off Twin …Photo: Courtesy of Luum. Luum Precision Lash, which makes robots that apply eyelashes, will raise a Series A round between $15 million and $30 million, CEO Nathan Harding tells Axios exclusively. Why it matters: Proceeds will be invested in producing a commercial machine in the U.S. and delivering it to retailers, salons and …Kohl's provides updates on proxy contest, potential bidders. Kohl's issued two releases today: one on the acquisition interest it has received, the other on proxy voting information (together with a shareholder letter) ahead of its showdown with Macellum Advisors. Why it matters: The battle between a nationwide retailer and an activist …

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Italian eyewear manufacturer Marcolin is attracting suitors in a sale process first reported by Reuters, including Kering, Essilor Luxottica, Safilo and Marchon, the FT reports. Why it matters: The company, which is owned by PE firm PAI Partners, is seeking a valuation of up to €1.3 billion, per the FT. Yes, but: The valuation may be a ...

Richard Collings. Focuses on deal-related activity within the retail sector for Axios Pro. Formerly: Mergermarket, The Deal, S&P Global Market Intelligence, Fitch Solutions and Adweek. [email protected] Collings. Focuses on deal-related activity within the retail sector for Axios Pro. Formerly: Mergermarket, The Deal, S&P Global Market Intelligence, Fitch Solutions and …Southern California Edison is planning for electricity demand to rise by more than 80% by 2045, if 90% of vehicles and 95% of buildings go electric. The EV transition is charging ahead, despite hurdles, according to policy makers, company execs and investors at the BloombergNEF summit in San Francisco yesterday, writes Katie.Industry dealmakers told Axios in February they were tempering their expectations after entering 2024 bullish, as valuation uncertainty continues. What we're watching: Dealmakers predict (or hope) companies will hit the block early next year, marketed off of audited 2025 results and aided by more insight into the consumer, valuations and ...Ask the newsroom: Kroger-Albertsons merger. Wednesday, February 7th, 2024. 12:30pm - 1:00pm ET. Richard Collings. Retail Reporter, Axios Pro. Kimberly Chin. Retail Reporter, Axios Pro. Join us for a virtual conversation and live Q&A with Axios Pro Retail Deals reporters to get the latest news surrounding the Kroger-Albertsons merger.Jan 29, 2024 · By the numbers: PitchBook reports the number of fintech exits declined 22.2%, to 185, in 2023, while VC exit value fell 76.1%, to $5.9 billion, during the year. Exit value in the sector fell to its lowest level since 2016, and the number of deals completed is at its lowest count since 2020. Fintech M&A activity declined for the second straight ... Inside the deal: The new investment totals $3.5 billion, at a valuation that works out to 17x pro forma EBITDA, according to a source briefed on the matter. Pro forma EBITDA through September incorporates the financial performance of Reebok, the sneaker company Authentic Brands acquired for $2.5 billion in August.Axios Pro Retails Deals reporters Richard Collings and Kimberly Chin will host one-on-one conversations with: Ryan Cotton. Managing Director and Global Head of Consumer-Retail. Bain Capital Private Equity. Bryan …Apr 29, 2024 · Apr 29, 2024. Illustration: Sarah Grillo/Axios. The Federal Trade Commission showed its commitment to evolving the law on mergers when it came out against Tapestry's acquisition of Capri Holdings, experts tell Axios. Why it matters: Changing how the courts think about antitrust is a yearslong process and involves taking on harder-to-argue cases. Axios has hired reporter Richard Collings to cover retail. He will be covering mergers and acquisitions, initial public offerings, private equity and other situations related to retail. Collings previously was a retail reporter at Adweek. He also worked at LevFin Insights as a reporter for a year and at S&P Global Markets covering retail and …Aug 24, 2023 · Aug 24, 2023. Illustration: Brendan Lynch/Axios. Shein and Sparc Group struck a strategic partnership, with Shein acquiring a one-third interest in the retail operator and Sparc becoming a minority shareholder in Shein. Why it matters: The deal brings together two of the most important players in retail. Details: Shein will offer what it calls ... Break the Love CEO scores fellowship from Tory Burch Foundation. Richard Collings. , author of. Axios Pro: Retail Deals. Jun 22, 2023. Billie Jean King and Tory Burch (L to R). Photo: Courtesy of the Tory Burch Foundation. Trisha Goyal, CEO of New York-based sports booking platform for racket sports Break the Love, is the first recipient of the ...

Mar 11, 2024 · Italian eyewear manufacturer Marcolin is attracting suitors in a sale process first reported by Reuters, including Kering, Essilor Luxottica, Safilo and Marchon, the FT reports. Why it matters: The company, which is owned by PE firm PAI Partners, is seeking a valuation of up to €1.3 billion, per the FT. Yes, but: The valuation may be a ... Mar 6, 2023 · Arko, one of the largest U.S. convenience store operators, plans more M&A after closing its 23rd acquisition since 2013, its chairman and CEO Arie Kotler tells Richard. Why it matters: The Richmond-based company is participating in what Kotler expects will be an active year of convenience store dealmaking. Axios has been hinting at plans to launch a premium subscription product since the very beginning. ... The Pro newsletters also feature advertising and a few personal touches, like retail reporter Richard Collings including a photo of a pregame ceremony for the Kansas City Chiefs his family participated in.Dianthus, an AI-fueled e-commerce platform, is eyeing more acquisitions of digitally native brands this year as it nears the close of a Series A round, CEO Chris Litster tells Axios. Driving the news: Most tech companies aim to sell their solutions to clients, but Dianthus is buying these businesses instead to better control the data, Litster says. ...Instagram:https://instagram. karlson and mckenzie Richard Collings, author of . Axios Pro: Retail Deals. Apr 18, 2024. Share on facebook (opens in new window) ... Shoshana Gordon/Axios. Exit Content Preview. The Diriyah project, a $63.2 billion real estate development near Riyadh, is pursuing investment from outside Saudi Arabia, Diriyah Company president Mohamed Saad tells Axios … applebees gateway mall 1 big thing: Food-recycling scoop. Food-recycling startup Mill Industries has raised about $70 million towards a $100 million target for a Series C round, two sources familiar with the situation tell Alan and our Pro colleague Richard Collings. Why it matters: Solutions like Mill's help mitigate food loss and waste, which contribute up to 8% of ...1 big thing: Food-recycling scoop. Food-recycling startup Mill Industries has raised about $70 million towards a $100 million target for a Series C round, two sources familiar with the situation tell Alan and our Pro colleague Richard Collings. Why it matters: Solutions like Mill's help mitigate food loss and waste, which contribute up to 8% of ... vince dementri Dec 6, 2023. Illustration: Tiffany Herring/Axios. Liberation Labs, a New York City-based provider of precision fermentation, expects to pull in about $50 million for its Series A set to close in Q1, CEO Mark Warner tells Axios exclusively. Driving the news: The USDA recently awarded Ameris Bank a $25 million loan guarantee to finance Liberation ... alyssa from married at first sight White House National Security Council Spokesperson Adrienne Watson told Axios and CNN analyst Barak Ravid, “Iran has begun an airborne attack against Israel.Axios has hired reporter Richard Collings to cover retail. He will be covering mergers and acquisitions, initial public offerings, private equity and other situations related to retail. Collings previously was a retail reporter at Adweek. He also worked at LevFin Insights as a reporter for a year and at S&P Global Markets covering retail and consumer companies. […] pf2e witch Axios has hired reporter Richard Collings to cover retail. He will be covering mergers and acquisitions, initial public offerings, private equity and other situations related to retail. Collings previously was a retail reporter at Adweek. He also worked at LevFin Insights as a reporter for a year and at S&P Global Markets covering retail and consumer companies. […] Ask the newsroom: Kroger-Albertsons merger. Wednesday, February 7th, 2024. 12:30pm - 1:00pm ET. Richard Collings. Retail Reporter, Axios Pro. Kimberly Chin. Retail Reporter, Axios Pro. Join us for a virtual conversation and live Q&A with Axios Pro Retail Deals reporters to get the latest news surrounding the Kroger-Albertsons merger. lance lasner 🎙️ Tomorrow: Our Axios Pro colleagues Richard Collings and Kimberly Chin are hosting a live conversation on the Kroger-Albertsons merger. Reserve your spot! Tuesday trivia: Is California's solar market predicted to rise or fall this year? The answer to last week's question: GM began selling its EV1 in 1996. That's a 28-year (and still ...Why it matters: While Macy's had a strong third quarter relative to its past performance, the department store category remains deeply troubled, Axios' Richard Collings reports. Macy's reportedly received a $5.8 billion take-private offer from an investor group that includes Arkhouse Management and Brigade Capital Management last month. rangeline antique mall ISS backs two activist candidates on Kohl's proxy fight. Richard Collings. , author of. Axios Pro: Retail Deals. Apr 29, 2022. Photo: Bruce Bennett/Getty Images. Institutional Shareholder Services is advising Kohl's shareholders to vote for two activist investor director candidates at the retailer's annual shareholder meeting on May 11. Why …Ampla raised $258 million from Goldman Sachs and Atalaya Capital Management to provide consumer brands with lines of credit, CEO Anthony Santomo tells Axios.. Why it matters: Startups have faced one of the most difficult fundraising environments in a decade and traditional banks have cut back on providing loans. … average flaccid size Aug 24, 2023 · Aug 24, 2023. Illustration: Brendan Lynch/Axios. Shein and Sparc Group struck a strategic partnership, with Shein acquiring a one-third interest in the retail operator and Sparc becoming a minority shareholder in Shein. Why it matters: The deal brings together two of the most important players in retail. Details: Shein will offer what it calls ... Richard Collings, author of . Axios Pro: Retail Deals. Dec 10, 2023 - Business. Macy's reportedly receives $5.8 billion buyout offer. ... Axios Homepage ... mr christmas nostalgic christmas tree Mar 19, 2024. Photo: Michael M. Santiago/Getty Images. Macy's signed a confidentiality agreement with Arkhouse Management and Brigade Capital Management, a spokesperson for the retailer confirmed to Axios. Why it matters: The two firms can now begin due diligence on the iconic department store. Zoom in: Reuters reported earlier today that Macy ...Bob Evans Restaurants is working with investment bank Kroll, formerly Duff & Phelps, on a sale process, multiple sources tell Axios. Why it matters: Deal activity in the sector is heating up with consumers returning to pre-pandemic behavior and due to a more stable debt financing market. Zoom in: Bob Evans is owned by PE firm Golden Gate … albertsons soda sale AXIOS & SONS DEVELOPMENT. P.O. BOX 530. NORTHFIELD ... COLLINGS LAKES AMBULANCE. PO BOX 336. NEWTONVILLE ... RICHARD HOYT RICHARD. 116 THOMAS AVE. NEWTONVILLE.By the numbers: This year, Unleashed will generate system-wide sales of approximately $740 million, revenue of about $160 million, and EBITDA of around $70 million, Browning said. Valuation multiples for similar asset-light businesses range between the high teens and low 20s, he said. Unleashed's CAGR is between 20% and 25%, he … russell county jailtracker Feb 20, 2024. Photo: Gary Hershorn/Getty Images. Macy's activist investor Arkhouse Management has nominated nine candidates to the retailer's board of directors, Macy's announced Monday morning. Why it matters: After the department store chain rejected the activist investor's $5.8 billion offer, Arkhouse weighed going directly to shareholders.May 7, 2024 · Richard Collings, Retail Reporter. Focuses on deal-related activity within the retail sector for Axios Pro. Formerly: Mergermarket, The Deal, S&P Global Market Intelligence, Fitch Solutions and Adweek Join Axios Pro retail reporters for an exclusive live conversation on the emergence and future of live commerce, PE retail M&A activity and debt financing trends in the sector. Ask your questions live to Pro reporters and speakers. Participate in post-event networking with Richard Collings and Kimberly Chin.