One of the women cleaned houses. The other flipped burgers. They put their heads together to found a hairdressing business that later got backed by one of Latin America’s largest private-equity funds and is now one of Rio de Janeiro’s most ubiquitous beauty salon chains.
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.
Silver Lake Management LLC, a backer of William Morris Endeavor Entertainment LLC, has agreed to the terms of an acquisition of talent agency IMG Worldwide Inc. from Forstmann Little & Co. for more than $2.3 billion, two people with direct knowledge of the matter said.
“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.
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.