Financial News

NFI acquires Bikini Zone
Through this acquisition, NFI looks to expand its portfolio by capitalizing on the synergies between both established brands, the company noted.
J.M. Smucker set to acquire Hostess
J.M. Smucker has signed a definitive agreement to acquire the Hostess brand of products for a total enterprise value of $5.6 billion, including $900 million of net debt.

Kroger reports strong Q2, reaffirms full-year 2023 guidance

Kroger’s sales were $33.9 billion in the second quarter, compared to $34.6 billion for the same period last year.
Kim Kardashian, Kylie Jenner reportedly eyeing to buy back stake in businesses from Coty

According to various reports, Kim Kardashian and Kylie Jenner are exploring buying back the stake in their respective businesses sold to Coty.
E.l.f. Beauty acquires Naturium

E.l.f. Beauty signed a definitive agreement to acquire skin care brand Naturium for $355 million in a combination of cash and stock.
Coty, Marc Jacobs’ license partnership expands into beauty

Marc Jacobs International signed an expanded long-term license agreement with Coty.
Walmart posts revenue growth in Q2

Walmart’s revenue for Q2 was $161.6 billion, an increase of 5.7%.
Cardinal Health posts revenue growth in Q4, full year

Cardinal Health’s fourth quarter revenue increased 13% to $53.5 billion, while fiscal year 2023 revenues rose 13% to $205 billion.
Ahold Delhaize delivers solid Q2 results

Growth in loyalty and online sales contributed to Ahold Delhaize's solid Q2 results.
Coty to sell $150M of its stake in Wella

Following the transaction, Coty will retain a 22.3% stake in Wella with an implied valuation of approximately $900 million.

NFI acquires Bikini Zone