In light of private equity’s descent upon corporate Britain, Morrisons has been subject to a buyout bidding war by foreign private equity firms.
The Competition and Markets Authority (CMA) has launched an investigation into the $2bn takeover of American book publishing business Simon & Schuster (S&S) by Penguin Random House (PRH). The concern is that the takeover would make PRH the world’s largest bookseller, in turn stamping out competition between UK booksellers.
ASOS has announced its £295m acquisition of four brands from Arcadia Group, which entered administration in November 2020 (to see our report on that, click here). The online retailer will acquire the Topshop, Topman, Miss Selfridge and HIIT brands but not their high street stores.