Private-equity firms bidding for Forstmann Little & Co.’s talent agency IMG Worldwide Inc. are disagreeing with the earnings projection Forstmann has provided for this year, a week before final bids are due, three people with knowledge of the matter said.
Terteks Tekstil Ithalat Ihracat & Pazarlama AS, the slipper retailer licensed to sell Brazilian supermodel Gisele Bundchen’s lingerie line in Turkey, is seeking a financial adviser to find an industry partner to expand.
Hennes & Mauritz AB, Europe’s second-biggest clothing retailer, reported profit that topped estimates for the first quarter in three as the company pared costs while adding new brands and a U.S. online store.
“A modest man,” Winston Churchill supposedly quipped about Clement Attlee, his successor as prime minister, “but then he has so much to be modest about.” We should say the same about economists, particularly their ability to forecast anything in a useful and timely manner.
Lineman Vince Wilfork threw a football standing by his seat in the Waldorf Astoria ballroom last night to quarterback Tom Brady on stage, who caught it, then fumbled. Wilfork threw another to linebacker Jerod Mayo. It bounced on the piano where Elton John would later perform.
Forstmann Little & Co. is working with Morgan Stanley and Evercore Partners Inc. to find a buyer for IMG Worldwide Inc., the talent agency that represents sports stars such as Peyton and Eli Manning, said people with knowledge of the matter.
Hypermarcas SA, the Brazilian maker of the generic forms of Valium and Claritin, is handing investors the second-best return on the Bovespa this year after revamping its strategy to focus on drugs and beauty products.