Sneaker maker Golden Goose aims to list in Milan in June

Luxury sneaker brand Golden Goose, whose shoes sell for around 500 euros ($540) a pair, aims to list on the Milan stock exchange in June, it said on Thursday, in the biggest initial public offering in Italy in at least a year. Golden Goose, which was valued at 1.3 billion euros when it was acquired […]

UBS sets aside $900 million to repay investors in collapsed Greensill funds

UBS will set aside around $900 million to repay investors in Credit Suisse funds that were linked to collapsed supply chain financing firm Greensill Capital, accounting for 90% of what they are owed, UBS said on Monday. The bank has been seeking to resolve issues it inherited when it acquired Credit Suisse last year after […]

Bernstein starts MicroStrategy at Outperform, sees 95% upside in stock

Analysts at Bernstein started research coverage on MicroStrategy (MSTR) with an Outperform rating and a price target of $2,890, which implies roughly 95% upside from the stock’s latest closing price. In its note, the investment firm said MicroStrategy is “building the world’s largest Bitcoin company.” “Since August 2020, MSTR has transformed from a small software […]

Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal

Hanesbrands agreed to sell its global Champion business to Authentic Brands Group in a transaction valued at $1.2 billion, including a contingent cash consideration, the company announced on Wednesday. The deal has the potential to reach $1.5 billion through an additional cash contingent consideration of up to $300 million if performance thresholds are met, according to a press […]