The Amsterdam-based business sold 14.4% of the company, including to funds controlled by billionaire investor George Soros. It issued new shares worth €700 million ($772.7 million), with existing shareholders, Mondelez International (MDLZ) and Acorn Holdings, selling an additional €1.55 billion ($1.7 billion). … [Read more...] about Peet’s Coffee owner pulls off speedy 10-day IPO despite pandemic fears
Anna Marie Erwert writes from both the renter and new buyer perspective, having (finally) achieved both statuses. She focuses on national real estate trends, specializing in the San Francisco Bay Area and Pacific Northwest. Follow Anna on Twitter: @AnnaMarieErwert … [Read more...] about What will happen to SF home prices if Slack, Airbnb, Uber and Lyft go public?
Many more job losses are expected in the months to come. American Airlines and Delta Air Lines can't enact layoffs until October since they accepted federal bailouts. But both companies announced voluntary exit programs for employees this week and indicated that involuntary cuts are inevitable. … [Read more...] about The economy is reopening. But the job cuts keep coming
It had grown rapidly in the nine years since the transaction was completed, nearly doubling the number of stores. But it has also accumulated far more debt. It had $50 million of long-term debt on its books in 2010, before the deal was announced -- and as of February of this year that number had ballooned to $1.7 billion. … [Read more...] about 6 companies that filed for bankruptcy in May