By Sabrina Valle (Reuters) – Private equity firms Blackstone and TPG revived their interest in acquiring medical diagnostics company Hologic in what could be one of the largest healthcare take-private deals this year, a person close to the transaction said on Wednesday. Talks between the parties have been intermittent over the past year and could …
Blackstone and TPG revive interest in buying Hologic, source says Read More »
(This story has been corrected change the spelling to ‘Splenda,’ not ‘Spenda’ in paragraphs 2 and 6) DUBLIN (Reuters) – Irish-based nutrition supplement maker Glanbia on Wednesday said it had agreed to sell its weight management brand SlimFast US to Heartland Food Products Group for an undisclosed sum. U.S.-based Heartland makes the Splenda brand of …
Glanbia to sell SlimFast US to Heartland Food Products group of US Read More »
LONDON (Reuters) -U.S. President Donald Trump’s state visit to Britain has generated 150 billion pounds ($204.87 billion) of inward investment, the British government said on Wednesday citing its own data which compiled new and previously announced pledges. The figure, which Britain said was the largest commercial investment package generated by any state visit, was announced …
U.S. state visit yields record 150 billion pounds of investment, UK says Read More »
By Mike Scarcella (Reuters) -French luxury brand Hermes has convinced a U.S. judge to dismiss for a second time a lawsuit alleging it violates antitrust law by forcing buyers to spend thousands of dollars on its products before they can purchase one of the fashion company’s famed Birkin handbags. U.S. District Judge James Donato in …
Hermes defeats class action again over hard-to-get Birkin bags Read More »
By John Revill and Oliver Hirt ZURICH (Reuters) – Nestle investors are hoping the Swiss food group can draw a line under a period of volatility and sliding shares after the company accelerated the departure of its chairman, hot on the heels of a scandal that toppled its CEO. After the early exit of Chairman …
Nestle investors seek ‘fresh start’ as new chairman’s reign begins Read More »
(Reuters) -Google and PayPal have entered a multi-year strategic partnership to bring new AI shopping and payment experiences to their users, the companies said on Wednesday. PayPal’s shares ticked up over 3% in late afternoon trading. The digital payments company’s solutions, including PayPal-branded checkout, Hyperwallet and Payouts solutions, will now be integrated into a range …
Google, PayPal partner to roll out AI-powered solutions across platforms Read More »
(Reuters) -Europeans remain at risk of running short of medicines, including common antibiotics and other vital treatments, a European Court of Auditors report showed Wednesday. The European Commission identified fragile supply chains and heavy reliance on Asian manufacturers, especially for essential drugs such as antibiotics and painkillers, as key causes, the ECA said. In July, …
Europe struggles with chronic drug shortages, auditors warn Read More »
ROME (Reuters) -Italy’s parliament on Wednesday approved a new law covering artificial intelligence, making it the first European Union country with comprehensive AI regulations aligned with the EU’s landmark AI Act. Prime Minister Giorgia Meloni’s government spearheaded the legislation saying it establishes human-centric, transparent and safe AI use as core principles while emphasising innovation, cybersecurity …
Italy enacts AI law covering privacy, oversight and child access Read More »
(Reuters) – Two investors are preparing a takeover bid for German sportswear maker Puma, Manager Magazin reported on Wednesday, pushing its share price up more than 11%. Authentic Brands CEO Jamie Salter and private equity firm CVC’s German head Alex Dibelius have both expressed their interest in the 29% stake held by the Pinault family, …
Puma surges after report CVC, Authentic Brand preparing takeover bid Read More »
By Mimosa Spencer and Tassilo Hummel PARIS (Reuters) – French luxury group Kering has named Francesca Bellettini as chief executive of Gucci, replacing Stefano Cantino after only nine months at the Italian fashion brand. Placing Bellettini directly in charge of Gucci, which she previously oversaw from Paris as deputy Kering CEO, marks Chief Executive Luca …
Kering’s new boss de Meo appoints Bellettini to lead Gucci revival Read More »
