Aurea Group Agrees to Acquire The Body Shop Out of Bankruptcy for Undisclosed Amount

The Aurea Group and several investors are expected to acquire The Body Shop after it announced its bankruptcy earlier this year.

US Online Spending Surge to $7.2 Billion, Thanks to Amazon Prime Day Frenzy

The first day of Amazon's Prime Day event in the U.S. saw $7.2 billion in online sales, surpassing expectations and marking an 11.3% increase from the previous year...

Macy’s Ends Buyout Deal with Arkhouse, Brigade After Talks Deteriorate

The board of the department store Macy’s unanimously decided to terminate its negotiations with Arkhouse Management and Brigade Capital regarding the group’s proposal to acquire the retailer...

Chinese Carbon Tech Firm XDS Invests on Mark Cavendish’s Cycling Team Astana Qazaqstan

Chinese carbon bicycle technology manufacturer XDS confirmed Monday (July 15) that it will invest in the professional cycling team Astana Qazaqstan...

Latest News

Rare Stegosaurus 'Apex' Fossil To Be Auctioned For $4-6 Million at Sotheby’s in New York
The near-complete fossilized remains of a 161-million-year-old stegosaurus named "Apex" will be auctioned at Sotheby's annual Geek Week series. The estimated sale price is between $4 million and $6 mi
UK Unveils New Stock Market Listing Rules to Simplify, Streamline the Process
As UK IPOs declined, the Financial Conduct Authority (FCA) has proposed new regulations for stock market listings.
Delta Air Lines Strikes Deal With Riyadh Air to Operate Flights Between US and Saudi Arabia
Delta Air Lines and startup Riyadh Air have entered into a partnership to connect the US and Saudi Arabia with regularly operated flights.
Goldman Sachs Buys Taylor Swift’s Stage Builder TAIT
Goldman Sachs’s private equity business has bought the majority stake of TAIT, the engineering company that designed the stage for Taylor Swift’s Eras Tour, for an undisclosed amount.
Eli Lilly's $3.2 Billion Purchase of Morphic to Enhance Chronic Illness Therapies
Eli Lilly & Co. is acquiring US biopharma company Morphic Holding Inc. for $3.2 billion to advance its experimental therapies for inflammatory bowel disease and other chronic illnesses.
Paramount Global Approves Merger with Skydance Media, Transforming Entertainment Industry
Paramount Global's directors have approved a merger plan with Skydance Media, set to be finalized on Sunday and announced on Monday, July 8.
Carlos Slim Invests $1.2 Billion to Establish Gulf of Mexico Gas Field
Mexican billionaire Carlos Slim’s company, Grupo Carso SAB, announced that it was investing $1.2 billion to develop a vast gas field in the Gulf of Mexico.
Saks Fifth Avenue's Parent Company HBC to Acquire Neiman Marcus for $2.65 Billion
HBC, the parent company of Saks Fifth Avenue, has announced a $2.65 billion acquisition deal with Neiman Marcus Group.
Lufthansa Receives EU Approval to Acquire ITA Airways for $350 Million
Lufthansa has won EU antitrust approval to buy 41% of ITA Airways for around $350 million.
Final Fantasy Creator Reunites With Square Enix After 20 Years—New Game Soon?
Final Fantasy creator Hironobu Sakaguchi has reunited with Square Enix after over two decades to release an enhanced version of his latest game, Fantasian.
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