Bloomberg British bootmaker Dr Martens Plc soared in London trading after owner Permira Holdings and other shareholders raised 1.3 billion pounds ($1.8 billion) in an initial public offering, cashing in on the lasting popularity of its cult footwear. The stock surged 22% to close at 450 pence after pricing its IPO at 370 pence, the top end of an initial …

Bloomberg Toys “R” Us has once again disappeared from America’s retail landscape. The former industry titan recently closed its only two US stores, including a location in New Jersey, according to a spokeswoman. The outlets were opened in late 2019 by Tru Kids Inc, an entity that acquired the brand’s intellectual property during the retail giant’s 2018 liquidation. The new …

Bloomberg HSBC Holdings Plc Chief Executive Officer Noel Quinn said the bank had no option but to close an exiled Hong Kong lawmaker’s account as he defended the lender against accusations it had become a tool of Chinese authorities. Facing questions from UK lawmakers, Quinn said HSBC’s decision was driven purely by the need to comply with local laws. “I’m …