Loehmann's Holdings Inc., a seller of discounted designer goods from brands like Michael Kors and Calvin Klein, has filed for bankruptcy protection in the US Bankruptcy Court in Manhattan.
Investors
Former HP unit Avago to acquire disk drive and electronic semiconductors maker LSI for $6.6B
The acquisition by dual location-based chip manufacturer Avago Technologies Ltd of LSI Corp marked the second biggest acquisition in the semiconductor industry for this year, said a Businessweek report.
Crowdtilt gets $23 million in Series B round led by Andreessen Horowitz
Crowdtilt, a San Francisco, California-based crowdfunding platform, secured $23 million for its Series B funding in a round led by Andreessen Horowitz and was participated by venture capitalists and angel investors.
Ireland is no tax haven, it's just competitive - report
A report on VentureBeat explained why the country of Ireland is not an attractive investment only for its low corporate tax rate, which many US tech companies with offices in the region had taken advantage.
Valeant to take over Solta Medical for $236 million
Solta Medical Inc. has put up the company for sale amid falling profits and pressure from activist investor Voce Capital Management LLC. California-based Valeant Pharmaceuticals International will buy Solta Medical for $236 million in cash.
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Glasgow, Scotland-based growth equity and venture capital firm Scottish Equity Partners (SEP) said it will boost its total portfolio investment from £40 million last year to £60 million this year.
US insurer AIG said it will be selling International Lease Finance Corp to Netherlands-based AerCap Holdings for $5 billion, Bloomberg reported. The deal will be for cash and shares.
Osaka canceled the sale of Osaka Prefectural Urban Development Co after lawmakers from the local government rejected the winning bidder Lone Star Funds, a source told Bloomberg.
PA Group, the parent company of UK's national news agency Press Association, is to sell its weather unit MeteoGroup to private equity group General Atlantic in a deal valued at £160 million (€190 million).
Spanish food retailer DIA on Monday said that it is negotiating a possible purchase of supermarket chain El Arbol for €100 million. If the deal goes through, DIA will be the third-biggest grocer in Spain next to Mercadona and Carrefour.
Beijing-based supermarket chain Wumart Stores Inc has cancelled its plans to purchase stores and equity shares from its rival C.P. Lotus Corp, but the reasons for the fallout were not elaborated in a report.
Aurizon Holdings Ltd intends to complete a joint venture agreement with GVK Group for the building of a railroad project by the middle of next year, Bloomberg reported.
After lackluster activity in the past years, pharmaceutical firms have gotten back to producing new drugs but they encounter challenges in selling them, according to a report on The Wall Street Journal.
Sports bar and pub operator Fox & Hound filed for bankruptcy protection in order to run a streamlined sales process for all of its assets. F&H Acquisition Corp., Fox & Hound's parent, listed out assets and liabilities between $100 million and $500 million.
