New York-based startup Eleven James received USD1.4 million in seed funding from strategic investors to launch its luxury watch rental and watch trade-in service for men.
Archives
Kate Spade may become the next hot acquisition- report
According to a Bloomberg report, Fifth & Pacific's designer handbag maker Kate Spade may become the next hot acquisition for buyout firms and retailers after the company sells Juicy Couture and Lucky Brand.
Qantas chief rules out capital raising for Australia's national carrier
Alan Joyce, chief executive of Qantas Airways Ltd, has ruled out Australia's national carrier raising fresh capital to compete with arch-rival Virgin, saying the airline still has a lot of flexibility.
Indonesian taxi operator Blue Bird fails to secure regulatory approval for 2013 IPO
Indonesia's largest taxi company Blue Bird Group reportedly postponed its initial public offering this year after failing to get an approval from the Financial Services Authority of Indonesia.
AMC Entertainment Holdings says it will raise USD 368 million in IPO
US movie company AMC Entertainment Holdings Inc said it will seek to raise USD 368 million in its initial public offering. AMC is owned by the Dalian Wanda Group controlled led by Wang Jianlin, the richest man in China.
Latest News
German industrial conglomerate ThyssenKrupp AG reportedly plans to put up for sale its 51.5 million new shares in a capital increase. The deal could bring in EUR907 million (USD1.23 billion) to the company.
Private equity firm Thoma Bravo's quick flip of Digital Insight to NCR Corp just 124 days after it acquired the firm from Intuit was highly profitable for the company, a report from The New York Times The Dealbook said.
San Antonio based global media and information company Hearst Corp agreed to purchase an 85% stake in Dallas-based home health and hospice software maker Homecare Homebase LLC for an undisclosed amount.
Los Angeles-based media platform company The Chernin Group (TCG) acquired a majority stake in anime video distribution firm Crunchyroll, giving Peter Chernin's company one of the world's largest streaming websites.
The International Data Corporation released its forecast for the PC market worldwide, estimating a 10.1% plunge in 2013 sales, a 3.8% contraction in 2014, and a 300-million mark on an annual basis.
New rules set forth by the UK Pensions Regulator will enable companies to make their businesses more sustainable while still being able to give their employees their retirement benefits.
A Financial Times report said investment banks worldwide are set to reduce employee remuneration for the third year even as profits have increased, highlighting the importance placed on shareholder returns than on the pay of employees.
San Francisco-based web app Swarm Mobile raised around USD3.5 million to develop technology that can track in-store shoppers through their smartphones to help physical stores compete with e-commerce retailers.
U.S. cinema chain AMC Entertainment Holdings Inc plans to raise as much as $368 million from an initial public offering of 18.4 million Class A shares.
