Blackstone Group LP, the world’s largest private-equity firm, posted an unexpected third-quarter loss on an 11 percent drop in the value of its buyout holdings and forecast stagnant economic conditions into 2012.
Bank of America Merrill Lynch, Morgan Stanley, IKB Deutsche Industriebank AG and UBS AG failed to sell 500 million euros ($721 million) in loans granted to Blackstone Group LP for the leveraged buyout of German clothing retailer Jack Wolfskin to investors, Reuters reported yesterday, citing people familiar with the matter.
Jack Wolfskin , the German outdoor- clothing and equipment company known for its paw logo, may be sold by owners Quadriga Capital and the private-equity arm of Barclays Plc, according to four people familiar with the plan.
Jack Wolfskin , the German outdoor- clothing and equipment maker known for its paw logo, is drawing interest from private-equity firms including BC Partners Ltd. and Blackstone Group LP , said four people with knowledge of the sale process.
Jack Wolfskin’s owners, Barclays Private Equity and Quadriga Capital, have begun exclusive talks with Blackstone Group for a sale of the German outdoor-clothing company and aim to complete negotiations in the third quarter, according to an e-mailed statement today.
International retailers such as Kate Spade and Forever 21 Inc. are competing for prime space in London’s West End, pushing rents to new highs as landlords elsewhere in the U.K. struggle with mounting vacancies.
Adidas AG , the world’s second- largest sporting-goods maker, will increase sales and profit in 2011 as China rebounds and Russia becomes the company’s top European market, Chief Executive Officer Herbert Hainer said.