The Carlyle Group has acquired a minority stake in Indian logistics firm Delhivery, while existing investor hedge fund Tiger Global also raised its stake, for a combined investment of more than $100 million.
Anglo American's diamond specialist De Beers has bought the 50 percent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed amount, taking full ownership of the retail operation.
So just how bad were Next’s full-year results? Well, they were not great and the outlook was discouraging with the firm talking about a “sectorial shift” as consumers move their spend away from the fashion sector.
Calvin Klein and Tommy Hilfiger posted strong international business growth, led by the European segment. PVH fourth quarter and full year net earnings both exceeded expectations despite weaker US performance.