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Li & Fung sells Logistics stake as spin-off postponed

2019-07-01 15:46:00| Daily apparel & textile news and comment - from just-style.com

Sourcing giant Li & Fung has sold a 21.7% stake in its logistics business for US$300m to Singapore-headquartered investment company Temasek, as plans for a proposed spin-off IPO of the segment are postponed until further notice.

Tags: logistics sells stake postponed

 

Last week in media: Mediaset and Vivendi move European consolidation forward and Naspers details spin-off

2019-06-03 07:01:00| Telecompaper Headlines

(Telecompaper) Consolidation drove the media sector, last week. Vivendi acquired the unlisted M7 Group, Mediaset bought into ProSieben and Axel Springer could be taken private. The South African Naspers Group detailed the planned spin-off of its consumer internet group, to be listed in Amsterdam from 17 July. The Telecompaper Stock Index Global Consumer Media ended the week down 2.3 percent, slightly better than the S&P 500's loss of 2.6 percent. We recorded the largest gain for Axel Springer (+20% for the week) and the biggest loss for comScore (-11%).

Tags: media details week forward

 
 

Kontoor Brands begins trading following VF spinoff

2019-05-23 14:25:00| Daily apparel & textile news and comment - from just-style.com

Kontoor Brands has completed its separation from VF Corporation and is now a global, independent, publicly traded company that will trading today (23 May) on the New York Stock Exchange.

Tags: brands trading begins spinoff

 

Eaton Execs Offer Insight into Plans for Spin-Off of Lighting Business

2019-05-23 02:00:00| Electrical Construction & Maintenance

Eaton Corp.s lighting business continues to invest in R&D as the unit prepares for a spin-off later this year.

Tags: business offer plans lighting

 

Kontoor Brands spin-off from VF gets the green light

2019-04-30 15:25:00| Daily apparel & textile news and comment - from just-style.com

US apparel giant VF Corp has been given the green light by its board of directors to proceed with plans to spin off its jeans business into a separate publicly traded company that includes brands such as Lee and Wrangler.

Tags: light green brands spinoff

 

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