Saks Inc. surged today after posting revenue that exceeded analysts’ estimates and later on a report that the luxury retail chain hired Goldman Sachs Group Inc. to help it explore alternatives including a possible sale.
Rue21 Inc., which sells tank tops and graphic tees to teenagers at affordable prices, is shaping up to be the next target after private-equity investments in retail reached the highest amount since before the U.S. recession.
Brad Kriser has been known to down a dog biscuit or two. Kriser, the founder of an upscale pet-food chain that’s opening stores in major U.S. cities, sees his pets as family, and sampling their diet is what good parents do.
Jana Partners LLC, the $5 billion activist hedge fund run by Barry Rosenstein, said Rockwood Holdings Inc., the specialty chemicals maker seeking to exit businesses, may be worth $80 a share in a takeover.
Leonard Green & Partners LP, the private-equity firm that backed Whole Foods Market Inc. and J. Crew Group Inc., has raised more than $6 billion to make its next fund its largest, said two people familiar with the matter.
Leonard Green & Partners LP, the buyout firm whose investments include Whole Foods Market Inc. and J. Crew Group Inc., raised about $4 billion for its sixth fund, according to two people with knowledge of the matter.
Investcorp SA, the Bahrain-based investment firm, said it completed the sale of CCC Information Services Inc., a provider of software for auto-insurance claims, to private equity firm Leonard Green & Partners LP.