Sources have revealed that Aramark Corp is one step closer to an IPO with the company selecting banks to help it with the offer.
Consumer Electronics
Royal baby won't be eating any toddler Taco Bell
Taco Bell decided to kill its kids' meal lineup today. The new prince of Cambridge may just be the unluckiest kid in the world. Exactly one minute after the royal baby was born, Taco Bell decided to kill its entire kids menu.
Taco Bell's 'crazy' secret weapon
Taco Bell might have killed a menu line, but the strong sales of the Locos Tacos will ensure the company stays afloat.
Billabong gets $294 million loan
Billabong has secured a $294 million proprietary loan to boost their working capital. Surfwear and extreme sports clothing maker Billabong International Limited has secured a $294 million proprietary loan to boost their working capital and refinance an existing loan.
Sonic's Q2 profits drop due to debt retirement; sales increase
Sonic Automotive's Q2 profits dropped because of debt retirement charges, while its sales increased.
Latest News
Mediterranean Investments Holding Plc announced that it is considering a London IPO to raise EUR100 million.
Wheelock Street Capital announced that they have acquired a six hotel portfolio located in Ohio and in Texas, Tennessee from Lingate Hospitality Group.
TPG admited that its recent purchase, Assisted Living Concepts Inc., will need a lot of work for it to succeed.
Solis Capital announced that it had sold a majority stake in Tigers to GeoPost S.A. Solis Capital Partners LLC, a Newport Beach-based private equity group, revealed that it had sold its majority interest in Tigers Ltd to GeoPost S.
Unidas announced plans for a public offering. Unidas, the Brazilian car rental company, announced plans for a public offering. The company said that they plan to use the funds from the public offering to finance potential acquisitions.
Travelers Cos. reported its biggest decline since 2008 in most recent quarterly report. Insurance company Travelers Cos. (TRV) announced the largest quarterly decline in five years during the reporting of its second-quarter results.
Brookfield Asset Management stated that various international investors of one of their initiatives have now committed over US$14 billion.
NatureBox Inc received USD 8.5 billion from investors Softbank Capital and General Catalyst Partners.
Snow leopards are being threatened by global cashmere demand. In the last two decades, the demand for cashmere almost tripled. UK was one of the top importer of cashmere, which was a multi-million dollar industry.
