Bloomberg Bain Capital LP agreed to buy collapsed airline Virgin Australia Holdings Ltd in one of the biggest single bets on the industry since it was shattered by the coronavirus pandemic. Administrator Deloitte named Bain as the airline’s new owner, hours after rival buyout firm Cyrus Capital Partners LP withdrew its bid. The value of the deal wasn’t disclosed, though …

Bloomberg Nike Inc, which touted its ability to navigate the pandemic earlier this year, is finding it’s not so easy. The world’s biggest athletic brand posted a surprise loss and disappointing sales in the fiscal fourth quarter, a sign that shuttered retail stores across the US and much of the world took an even bigger toll than expected. Revenue declined …

Bloomberg Mr Price Group Ltd is closing its Nigerian business after volatility in the West African market and as the retailer favors a stronger focus on its home market of South Africa. The specialist in mid-range clothing, sports goods and homeware has already shuttered four of its five Nigerian stores and expects to close the last one in the coming …