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News
LIV Golf wins interim court approval to access $14 million in bankruptcy financing
3+ day, 19+ hour ago (106+ words) Sept 10 (Reuters) - LIV Golf said on Thursday that a U.S. bankruptcy court granted interim approval of its first-day Chapter 11 motions, allowing the professional men's golf league to access $14 million of debtor-in-possession financing and... LIV Golf wins interim court approval to…...
EssilorLuxottica board backs CEO Milleri after criticism from Del Vecchio heir
5+ day, 3+ hour ago (242+ words) MILAN, Sept 9 (Reuters) – Franco-Italian eyewear maker EssilorLuxottica on Wednesday said its board had unanimously reaffirmed its full confidence in Chief Executive Francesco Milleri, his management team and the group’s strategy, after criticism from a member of the family behind its…...
LIV Golf files for Chapter 11 bankruptcy in New Jersey, Bloomberg News reports
5+ day, 23+ hour ago (81+ words) Sept 8 (Reuters) - Professional men's golf league LIV Golf has filed for Chapter 11 bankruptcy in New Jersey, Bloomberg News reported on Tuesday. (Reporting by Mrinmay Dey in Mexico City; Editing by Shailesh Kuber)... LIV Golf files for Chapter 11 bankruptcy in New…...
Aspen sees Mounjaro Africa sales above $124 million in 2027
1+ week, 4+ day ago (278+ words) JOHANNESBURG, Sept 3 (Reuters) – Aspen Pharmacare expects African sales of Eli Lilly’s blockbuster weight-loss and diabetes drug Mounjaro to exceed 2 billion rand ($124 million) in its current financial year, buoyed by surging demand in South Africa and planned launches in Nigeria and…...
Exclusive-Private equity firms Carlyle, Bain, Oaktree readying bids for Serie A international media unit, say sources
1+ week, 5+ day ago (354+ words) MILAN, Sept 2 (Reuters) – Carlyle and Bain are among private equity funds preparing to bid for a minority stake in a company holding the international media rights of Serie A, three sources familiar with the matter told Reuters, in the latest…...
LIV Golf prepares for bankruptcy filing in September, FT reports
2+ week, 15+ hour ago (95+ words) Aug 31 (Reuters) - LIV Golf may file for bankruptcy protection as soon as the week of September 7, the Financial Times reported on Monday, citing people briefed on the negotiations. Reuters could not immediately verify the report. (Re... LIV Golf prepares for…...
Take Five: Summer’s over, buckle up!
2+ week, 3+ day ago (813+ words) LONDON, Aug 28 (Reuters) – A G20 gathering, key U.S. jobs data and central bank meetings in Canada and New Zealand all suggest there’s not much downtime for traders catching up on that post summer read-in. Here’s all you need to know about…...
Abercrombie raises full-year sales forecast on resilient apparel demand
2+ week, 5+ day ago (148+ words) Aug 26 (Reuters) – Abercrombie & Fitch raised its full-year sales forecast on Wednesday, as demand for its apparel brands remained resilient despite weakness in international markets. Shares of the New Albany, Ohio-based retailer rose 11% in premarket trading. The company now expects full-year…...
Leonardo Maria Del Vecchio quits EssiLux management roles
2+ week, 6+ day ago (167+ words) ROME, Aug 25 (Reuters) – Leonardo Maria Del Vecchio, scion of the Italian eyewear family, has decided to step down from management roles in EssilorLuxottica the Franco-Italian group said on Tuesday, confirming press reports. Italian daily MF-Milano Finanza first reported that the…...
Report: Private equity firm Arctos buying 10% of Falcons
3+ week, 3+ day ago (158+ words) Arctos Partners is adding a fourth NFL franchise to its portfolio by purchasing a 10% stake in the Atlanta Falcons, Front Office Sports and CNBC reported. The private equity firm already owns stakes in the Buffalo Bills, Cleveland Browns and Los…...