Superdry, AllSaints and Levi’s are preparing to do battle in court with Visa and Mastercard over fees they charge. The fashion retailers are seeking compensation for historic charging fees in breach of competition laws.
There’s speculation that THG founder and CEO Matt Moulding could take the listed company private after he said he regrets listing the firm around a year ago. Its shares rose over 5% in early trading Monday as a result.
UK grocery and general merchandise retailer Morrisons is being acquired by the group that made a rebuffed bid for it earlier this year, with American group Clayton, Dubilier & Rice winning the auction at the weekend.
It looks like the battle to take over Morrisons will go to auction with the supermarket giant saying Wednesday it’s in talks with both the US private equity suitors that have tabled bids, along with the Takeover Panel.
British supermarket and general merchandise retailer Morrisons has agreed a takeover offer worth £7 billion from US private equity group Clayton, Dubilier & Rice (CD&R), dropping its recommendation of a lower bid