It seems to be the season for speculating about who is (or isn’t) bidding for which company and the latest rumour to emerge is that Investindustrial is on the shortlist to buy cycling specialist Rapha.
First there was a report that Renzo Rosso's OTB Group had tabled a bid for Belstaff, then came a denial. But whether the bid happened or not, it has shone a powerful spotlight on the UK heritage brand.
Under fire for its plan to buy Whole Foods, Amazon continued its multi-million lobbying effort, shelling out $3.2 million in the second quarter of this year, an increase from the $2.9 million spent in the Q1.
Skechers exceeded second quarter expectations, recording over $1 billion in sales in the period. The company projects that its record performances will continue into the latter half of its fiscal year.
Retailer Hudson's Bay Co is unlikely to take its vast real estate holdings public any time soon, the head of RioCan Real Estate Investment Trust, a partner in a venture that holds some of those assets, said on Thursday.