Capital Goods Industrial Conglomerates

More

  • PARIS, July 25- French luxury group LVMH is selling Donna Karan International, the parent of New York label DKNY, to U.S. clothing firm G-III Apparel Group in a deal valuing the loss-making fashion brand at $650 million. Analysts estimate DKNY's annual sales at $450 million to $500 million, meaning G-III would be paying 1-1.5 times annual revenue, less than the 1.9...

  • SINGAPORE, July 22- China's conglomerate CITIC Ltd expects its net profit to roughly halve in the first half of the year due to lower property sales, a sluggish stock market and a depreciation of the yuan currency. In another sign of China's slowing economy, CITIC's net profit is expected to fall by about 40-50 percent in the six months ended June, it said in a filing...

  • NEW YORK— The movie studio Legendary Entertainment plans to launch the first live-action Pokemon movie franchise. Universal Pictures will handle distribution of the film outside Japan as it does with Legendary's other films. Chinese conglomerate Dalian Wanda Group, which owns AMC Theaters, bought Legendary Entertainment for $3.5 billion in January.

  • MONTERREY, July 19- Mexican conglomerate Alfa on Tuesday cut its 2016 sales forecast by 0.5 percent to $16.170 billion while raising its outlook for earnings before interest, taxes, depreciation and amortization this year by more than 1 percent to $2.371 billion. Alfa filed the update in a statement with the Mexican stock exchange. On Monday, Alfa posted a sharp...

  • RIYADH, July 19- Saudi Binladin Group, the kingdom's biggest construction conglomerate, appears to have pulled back from the brink of a financial crisis that risked damaging the wider economy. It was then barred from receiving new state contracts altogether after one of its cranes toppled into Mecca's Grand Mosque during a storm, killing 107 people.

  • MONTERREY, Mexico, July 18- Mexican conglomerate Alfa posted a 70.9 percent drop in profits in the second quarter, dragged down by a depreciation in the peso currency, the company said on Monday. Net profit at Monterrey- based Alfa was 817.3 million pesos, sharply down from 2.81 billion pesos in the same quarter of last year, the company said in a statement.

  • LONDON, July 18- British businesses plan to cut back and fewer shoppers are visiting stores after last month's vote to leave the European Union, raising pressure on the Bank of England to cut interest rates and stimulate the economy. Four in five of Britain's top listed companies plan to reduce capital investment in the year ahead, according to a survey by...

  • July 13- Chinese real estate and entertainment conglomerate Dalian Wanda Group has held talks with Viacom Inc about acquiring a minority stake in its Paramount Pictures unit, according to two people familiar with the situation. Wanda's interest adds new urgency to the deliberations over the future of Paramount, which has become the flashpoint of a bitter row...

  • *Disclosure is response to criticism of Shenzhen Metro deal. HONG KONG, July 12- China Vanke Co Ltd said it and partners are in talks to acquire some commercial property firms from Blackstone Group LP and other third parties for 12.9 billion yuan. Fearing a hostile takeover bid by its biggest shareholder, financial conglomerate Baoneng, Vanke's management last...

  • SEOUL, July 4- South Korean prosecutors conducting a bribery investigation on Monday requested a detention warrant for the daughter of the founder of South Korea's Lotte Group conglomerate, Yonhap News Agency reported, citing the prosecutors' office. Prosecutors have been investigating whether Shin Young- ja, who is also a director of Lotte Group's hotel unit,...

  • July 1- Diversified industrial conglomerate Honeywell International Inc agreed to buy distribution systems and logistics company Intelligrated Inc for $1.5 billion from a company backed by the Permira funds. Private equity firm Permira Advisers LLC acquired Intelligrated in 2012 for more than $500 million from Gryphon Investors, another private...

  • July 1- Diversified industrial conglomerate Honeywell International Inc agreed to buy distribution systems and logistics company Intelligrated Inc for $1.5 billion from a company backed by the Permira funds. Reuters reported on Thursday that Japan's Toyota Industries Corp was competing against Honeywell for Intelligrated. Private equity firm...

  • June 30- Japan's Toyota Industries Corp is competing against U.S. diversified industrial conglomerate Honeywell International Inc to acquire U.S. distribution systems and logistics company Intelligrated Inc, people familiar with the matter said. Private equity firm Permira Advisers LLC acquired Intelligrated in 2012 for more than $500 million from...

  • *Formosa subsidiary urges forgiveness, generosity. *Taiwan govt urges Vietnam to protect its firms. HANOI, June 30- One of the biggest environmental disasters to hit Vietnam was caused by a unit of a Taiwanese conglomerate leaking toxic waste into the sea, the Hanoi government said on Thursday, ending months of mystery and rare public outrage.

  • LONDON, June 28- Britain is heading for an economic disaster and Chinese investors have already pulled investments in the wake of Britain's vote to exit the European Union, Richard Branson, the boss of Virgin Group said. He also said some Chinese businesses were now reconsidering their business strategy in Britain. Warren East, chief executive of Rolls-Royce,...

  • BEIJING, June 28- Fosun Group, China's biggest private conglomerate, will look for more opportunities in the United Kingdom and Europe in the volatile wake of Britain's referendum vote to leave the European Union, the company's billionaire co-founder and chairman said at a Reuters Newsmaker event on Tuesday. Guo Guangchang, a self-styled student of U.S....

  • BEIJING, June 28- Fosun Group, China's biggest private conglomerate, will look for more opportunities in the United Kingdom and Europe in the wake of Britain's referendum vote to leave the European Union, the company's billionaire co-founder and chairman said during a Reuters Newsmaker event on Tuesday. So we are increasingly looking for development...

  • BEIJING, June 28- Fosun Group, China's biggest private conglomerate, will list U.S. property and casualty insurer Ironshore Inc "as soon as possible" this year, Guo Guangchang, the company's billionaire co-founder and chairman told Reuters ahead of a Reuters Newsmaker event in Beijing on Tuesday. He also said Fosun's interest in investing in the UK and Europe has...

  • June 27- General Electric Co said it would sell a bulk of GE Capital's U.S. restaurant franchise loan portfolio to three regional banks in separate deals as the industrial conglomerate winds down its financing arm to reduce regulatory burden. GE said it had signed GE Capital deals worth about $180 billion so far and that GE Capital expects to deliver about $35...

  • *India lifts restriction on flying overseas. NEW DELHI, June 23- Officially at least, Ratan Tata, patriarch of one of India's wealthiest business families, retired in late 2012. The $100 billion Tata group conglomerate is a major beneficiary of the decision last week to open up aviation in India, making it easier for start-ups to fly overseas sooner.