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- Reuters
Private equity owner of Sauer Brands explores sale of condiments maker, sources say
The private equity owner of Sauer Brands is exploring a sale of the 137-year-old maker of condiments and spices that could value it at more than $1 billion, including debt, according to people familiar with the matter. Richmond, Virginia-based Sauer, which was founded in 1887 and is known for its Duke's Mayonnaise brand, is working with investment banks Morgan Stanley and William Blair to gauge interest from potential buyers, the sources said, requesting anonymity as the discussions are confidential. Charlotte-based private equity firm Falfurrias Capital Partners is expecting to command a valuation for Sauer equivalent to more than 10 times the company's 12-month earnings before interest, taxes, depreciation and amortization (EBITDA) of over $120 million, the sources said.
Evening StandardInside the Matches collapse: London's fashion week stars sent into turmoil and frenzy
London’s glittering fashion ecosystem has been left reeling after the recent demise of the once-prized luxury retailer, affecting everyone from factories to buyers and stylists. Victoria Moss talks to insiders caught in the crossfire
- Thomson Reuters StreetEvents
Q1 2024 ServiceNow Inc Earnings Call
Q1 2024 ServiceNow Inc Earnings Call
- People
Mom Gives Birth, Suffers Near-Fatal Stroke Hours Later Due to Undetected Heart Defect: ‘Ticking Time Bomb’
"The risk [of stroke] increases at the third trimester of pregnancy and the postpartum time after delivery," the woman's doctor said
- Evening Standard
Spain's PM Pedro Sánchez could quit as wife faces investigation over corruption allegations
A Madrid court opened an investigation into Begona Gomez for the alleged offence of influence peddling and corruption
- Evening Standard
Woman, 21, rushed to hospital after drinking coffee contaminated with insects in Majorca
The woman reportedly went into anaphylactic shock after drinking the coffee, which tasted ‘strange’
- Investor's Business Daily
Merck Stock Jumps After Dow Jones Stalwart Rides Its Cancer 'Star' To Another Quarterly Beat
Merck stock jumped Thursday after the drugmaker topped Wall Street's first-quarter expectations and raised its outlook for the year.
- France 24
Spanish government to 'oversee' scandal-hit football federation
The Spanish government on Thursday announced it will "oversee" the country's scandal-hit football federation (RFEF) to deal with its current crisis. "The Spanish government adopted this decision to redress the serious situation of the RFEF so that the organisation could enter a stage of renewal in a stable climate," the National Sports Council (CSD), an agency dependent on the Ministry of Sports, announced.The CSD said it will create a "commission of supervision, standardisation and representati
- Reuters
Q1 US GDP shows surprise slowing and uncomfortable inflation
U.S. economic growth slowed more than expected in the first quarter, but a surprisingly hot quarterly Personal Consumption Expenditure inflation component suggested that the Federal Reserve would not cut interest rates before September. The economy has defied prophecies of doom since late 2022 following the Fed's aggressive rate hiking campaign to stamp out inflation. Final sales to private domestic purchasers increased 3.1% annualized, so domestic spending by households is still healthy despite the headline weakness.
- The Canadian Press
US growth slowed sharply last quarter to 1.6% pace, reflecting an economy pressured by high rates
WASHINGTON (AP) — The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace. Thursday’s report from the Commerce Department said the gross domestic product — the economy’s total output of goods and services — decelerated from its brisk 3.4% growth rate in the final three months of 2023. A surge in imports, which are subtracted from GDP, reduced first-quarter growth
- The Telegraph
Ben & Jerry’s social justice activism ‘a strength not a weakness’, insists Unilever
Ben & Jerry’s social justice activism is “a strength, not a weakness”, Unilever has insisted, amid questions over whether the brand’s political campaigning could deter potential buyers.
- BBC
'Stoke have one of the best ownership groups in English football' - Tony Pulis
Former Stoke City manager Tony Pulis believes the Coates family will do everything they can to back Steven Schumacher in the summer transfer window. “You need to sign players that suit the team as Jon and Mama were both unselfish and would never stop working.”
- The Telegraph
Blood-soaked horse ‘Vida’ recovering from surgery after London rampage
Two of the five Household Cavalry horses that rampaged through central London have undergone surgery, a defence minister has said.
- Cover Media
Robot Dog Flamethrower Goes On Sale
The world’s first robotic dog flame thrower has gone on sale and will set you back just $9,420. The fiery quadruped is the creation of American company Throwflame and comes equipped with an ARC flamethrower mounted on its back. The ‘Thermonator’, as it’s known, can shoot fire in a 30-foot stream and comes with a built-in fuel tank. According to Throw Flame, the robot, which is Unitree Go1-based, also has an hour-long battery a laser sight, and lidar mapping that can be remotely controlled via the company’s app. The robot itself weighs 26 lbs, but together with the flamethrower, that comes up to 60 lbs. Despite its fearsome looks, Throw Flame states that it can be used for wildfire control and prevention agricultural management, ecological conservation, snow and ice removal, and entertainment, and SFX.
- Hypebae
David Koma Dives Into Swimwear With New Lifestyle Brand
LET'S SWIM is the new swimwear and lifestyle brand from designer David Koma, offering an...
- KNXV - Phoenix Scripps
Food to try at the Arizona Cardinals draft party on Thursday
Get ready for some fun at State Farm Stadium! The Arizona Cardinals are hosting a draft party on Thursday and you're invited! Here are some of the dishes to try at the event.
- BBC
Will Labour’s plan make train tickets cheaper?
What impact will Labour's pledge to nationalise the railways have?
- The Independent
Biden and 17 other world leaders call for ‘immediate release’ of hostages held by Hamas
The joint statement calls on Hamas to accept a deal that has been under negotiation in Qatar
- PA Media: UK News
Louise Haigh: MP spearheading Labour rail plans known for hard work and humour
She worked as a Metropolitan Police officer before becoming an MP.
- Insider Monkey
Retail Opportunity Investments Corp. (NASDAQ:ROIC) Q1 2024 Earnings Call Transcript
Retail Opportunity Investments Corp. (NASDAQ:ROIC) Q1 2024 Earnings Call Transcript April 24, 2024 Retail Opportunity Investments Corp. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Welcome to Retail Opportunity Investments’ 2024 First Quarter Conference Call. Participants are currently in a […]