Typhoo Tea rescue deal eyed up by vapes giant Supreme November 28, 2024 Supreme, which sells products such as vapes and vitamins, is eyeing up a rescue deal for Typhoo Tea after the 120-year-old brand collapsed into administration. Greater Manchester-headquartered Supreme has confirmed it is “currently participating in a process regarding the potential acquisition” and added that discussions are at ‘an advanced stage”. However, the company said that [...]
Mike Ashley’s Frasers Group snaps up South African sports retailer November 26, 2024 Frasers Group, the retail empire founded by billionaire Mike Ashley, has continued its global expansion with the acquisition of a South African company. The London-listed group, which already owns the likes of Sports Direct and House of Fraser, has snapped up sporting, outdoor and recreation goods company, Holdsport Group, for an undisclosed sum from the [...]
National World: Shares in Yorkshire Post and The Scotsman owner surge after £56m takeover offer November 22, 2024 Shares in National World, the media group whose titles include Yorkshire Post and The Scotsman, have surged to their highest level in more than a year after a takeover offer with over £56m was revealed. Irish media group Media Concierge, which is London-listed National World’s largest shareholder with a 26 per cent stake, has tabled [...]
Spreadex ordered to sell Sporting Index after ‘creating monopoly’ November 22, 2024 Spreadex has been ordered to sell Sporting Index after it was ruled that the acquisition had created a monopoly. The Competition and Markets Authority (CMA) has told Spreadex to dispose of the ‘business-to-consumer’ firm after it snapped it up from Sporting Group last year. Spreadex and Sporting Index both provide sports fixed odds betting and sports [...]
Production firms backed by James Corden and LeBron James in major merger November 18, 2024 A production company backed by James Corden, which is behind plans for a £450m film studio in Sunderland, is to merged with a business founded by LeBron James. The merger between The SpringHill Company and Fulwell 73, which is expected to complete in the coming weeks, will be backed by Fenway Sports Group, RedBird Capital [...]
UK M&A set for ‘sustained increase’ after Budget and Trump victory November 14, 2024 British M&A activity is expected to ramp up going into 2025, City advisers have said, as dealmakers feel more certainty following the Budget and US presidential election.
Burberry braced for Moncler takeover as staff given heads up November 11, 2024 Luxury fashion house Burberry is braced to be taken over by Italian company Moncler amid staff at one of its flagship London stores being given a heads up on the deal, according to reports. Rumours began to circulate last week that the listed brand was set for a takeover by the skiwear maker, but both [...]
Dairy lost over £10m before being gobbled up by Müller November 5, 2024 A Lancashire diary slumped to a loss of more than £10m in the year before it was acquired by milk and yoghurt giant Müller, it has been revealed. Yew Tree Diary has reported a pre-tax loss of £10.2m for the 12 months to 31 March, 2024. The loss comes after the business made a pre-tax [...]
Approval nears for £15bn Vodafone and Three merger November 5, 2024 A range of investments have been proposed by the competition watchdog which, if accepted, would lead to the £15bn merger between Vodafone and Three being finally completed. The Competition and Markets Authority (CMA) has suggested upgrading the merged company’s network across the UK, including the roll-out of 5G, as well as short-term customer protections. The [...]
Burberry shares jump on Moncler takeover rumours November 4, 2024 Shares in British luxury retailer Burberry have jumped this morning on rumours that the fashion house could be a takeover target for Italian outerwear brand Moncler. Burberry’s share price rose more than seven per cent in early trades, before paring back gains to just over four per cent. Specialist fashion site Miss Tweed reported that [...]