Recent Posts

Victoria’s Secret aims higher valuation in new sale talks

Bloomberg L Brands Inc’s Victoria’s Secret has restarted talks with buyers about a potential sale, and is seeking more than double the $1.1 billion value it had last year in a failed deal, according to people familiar with the matter. After strong recent sales, the company could now target a valuation of at least $2 billion to $3 billion in ...

Read More »

Interjet to file for bankruptcy protection

Bloomberg Interjet shareholders unanimously voted to approve a filing for bankruptcy protection, a move that would enable the Mexican airline to resume payments to employees that have been frozen for several months. Alejandro del Valle, who took a 90% stake in the carrier late last year, led discussions over the filing with former majority owners and founders Miguel Aleman Magnani ...

Read More »

Myanmar’s junta rebuffs Asean plan to end months of violence

Bloomberg Myanmar’s military government rebuffed a plan by Southeast Asian leaders to help end violence in the country, saying any “suggestions” would need to fit with the junta’s stated roadmap and come after “stability” is restored. Leaders of the 10-member Association of Southeast Asian Nations, including coup chief Min Aung Hlaing, appeared to reach a five-point “consensus” on Myanmar during ...

Read More »
Send this to a friend