The USD25 million funding Jessica Alba's The Honest Company had raised would go towards implementing its growth plans, including a potential expansion in the Canadian market.
Deals
KKR enters agreement to acquire Brickman for USD1.6 billion
The amount that private-equity firm KKR & Co would use to acquire Brickman Group Ltd would come from its ongoing North American fund worth over USD8.3 billion and other financial pools.
TPG and Abraaj compete against KKR & Co for Saudi food chain
TPG Capital and Abraaj Group had formed a partnership to succeed over KKR & Co. in acquiring a majority stake in fast-food chain Kudu. Kudu has over 200 restaurants located in Saudi Arabia.
Alibaba benefits from e-commerce frenzy at 11.11 Fest as it nears IPO
Several industry observers believed that Alibaba's upcoming IPO on November 15 would not be eclipsed by the media frenzy of Twitter Inc's recent public listing.
Kingdom Holdings shares in Twitter valued at USD900 million
With the IPO of microblogging service Twitter recently concluded, the 3% shareholdings of Kingdom Holding initially worth USD300 million in 2011 is now worth USD900 million.
Latest News
A recent survey conducted by Hong Kong company ChinaQFII indicated foreign investor preference in industries that would mostly deliver a return of equity with minimal risk.
Mitel Networks Corp's CAD392 million stock-and-cash acquisition of Aastra Technologies Ltd would create a major player in the communications technology and equipment market in Canada.
French flooring manufacturer Tarkett would be pricing shares for its IPO at EUR 27.75 to EUR 33.90 per share in its planned listing on the NYSE Euronext Exchange.
GTS Central Europe would provide expanded services through landline infrastructure to its purchaser Deutsche Telekom.
Yashili closed at HKD4.45 per share, the highest since its IPO in 2010, after investors agreed to buy company shares.
Dexus would be managing one fourth of commercial buildings in Sydney upon the takeover by CCPIB of the office trust held by the Commonwealth Bank of Australia.
Analyst Andrew Temming of US-based investment firm Renaissance Investment Management said the firm had yet to find a stock on the Philippine Stock Exchange that they'd like to invest on.
Hanjin Shipping Co Chief Executive Officer Kim Young Min left the company as the South Korean shipper struggles financially due to its ballooning debt.
Money managers saw the retreat of IPO valuations for the Robinson's Retail Holdings Inc's IPO due to the devastation wreaked by Typhoon Haiyan.
