Bloomberg Joann Inc., the fabric and craft store, and selling shareholders raised about $131 million in an initial public offering (IPO) a decade after being taken private by buyout firm Leonard Green & Partners. The IPO fell short of the Hudson, Ohio-based company’s goal of raising as much as $186 million. Joann sold about 11 million shares for $12 each after ...

Bloomberg Cathay Pacific Airways Ltd. reported a net loss of HK$21.65 billion ($2.8 billion) for 2020, a period the carrier described as “the most challenging 12 months of its more than 70-year history” as the coronavirus pandemic brought unprecedented disruption to global air travel. The outlook isn’t much better, according to Chairman Patrick Healy, who said “it is by no ...

Bloomberg Adidas AG is targeting sales growth of as much as 10% annually through 2025 as it doubles down on e-commerce and sustainable materials. The German sportswear maker forecast a surge in online sales and the steady build-out of shoes and apparel made from recycled materials to help push up profit by as much as 18% a year. The company ...