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The takeover of Boardriders sports and outdoor brands group by ready-to-wear group Beaumanoir has been approved. The deal, announced in February but needed approval from the French competition authority to go ahead - that's now been granted, according to Le Télégramme. The value of the deal is not known. American Authentic Brands Group, owner of Boardriders, whose brands include Quiksilver, Billabong, Roxy, DC Shoes, Element, RVCA, VonZipper, will keep ownership of the brands but will transfer management and operation of them to the Breton Group who will own the western Europe side of the busi...
Euronews (English)
UK postal and courier service, Royal Mail, has received a takeover bid from Daniel Křetínský, a Czech billionaire who has also invested in Sainsbury's and West Ham United Football Club. Royal Mail has reportedly rejected the offer, however, and, according to Reuters news agency, Křetínský is now renegotiating the offer. Křetínský's EP Group has already acquired a 27.5% ownership share in Royal Mail through his investment entity, Vesa. He reportedly contacted International Distributions Services (IDS), the holding company of Royal Mail, about the offer earlier this month. "EP Group recognises t...
Euronews (English)
On Wednesday, it was reported by Reuters that ProSiebensat.1 called on its shareholders to vote down its top investors' proposals at the annual general meeting next month. MFE, which operates commercial TV businesses in Italy and Spain, is controlled by the family of the late former Italian Prime Minister Silvio Berlusconi. Which cities in Europe are the best for start-up businesses?The company is aiming to spin off ProSieben's e-commerce and dating assets from the group's core TV operations, Reuters said. "In the opinion of the executive board and the supervisory board, a split-up ... lies in...
Euronews (English)
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