Carrefour shelves spinoff: market woes wreck plans for separate real-estate firm

Article Abstract:

French retailer Carrefour S.A. announced that it will not yet spin off its real estate to form a public company, citing poor economic and market conditions. The plan had been to create Carrefour Property, a real estate firm owning 60% of its property holdings and would have been worth approximately $29 bil to $35 bil. Carrefour is the second largest international retailer by sales.

Organizational history, France, Carrefour S.A., Organization formation

---

Selfridges has agreed to back takeover offer

Article Abstract:

Selfridges PLC has accepted billionaire Galen Weston's acquisition offer of 598 million pounds (835 million euros). However, Aletheia Partners Ltd. said it would make a counterbid for the department store chain.

United Kingdom, Acquisitions & mergers, Mergers, acquisitions and divestments, Company acquisition/merger, Consortia, Weston, W. Galen, Selfridges Retail Ltd., Consortium, Aletheia Partners Ltd.

---

J.C. Penney unveils plan to cut jobs

Article Abstract:

J.C. Penney Co. is planning to downsize its labor force, as well as shutdown some Eckerd and Penney stores. The company may also take some major financial charges.

United States, J.C. Penney Corporation Inc., JCP, Layoffs

Similar abstracts:

• Abstracts: Relaxed tours and path ejections for the traveling salesman problem. Technical note on the paper "An empirical study of a new metaheuristic for the traveling salesman problem" (by Shigeru Tsubakitani, James R. Evans, European Journal of Operational Research 104.(1998) 113-128)
• Abstracts: Malaysian market may gain if it's restored to indexes. How a small auto-parts maker reinvented itself to grow
• Abstracts: Ford Motor starts global bond rolling. Eurobond market focuses on deal by Ford's FMCC. Ford Motor Credit launches bond valued at $7.7 billion
• Abstracts: EMC's net income and sales meet lowered estimates. Toys 'R' Us posts net loss on costs for remodeling. EMC results beat forecasts with 49% jump in net profit
• Abstracts: Wal-mart sales top forecasts. StoraEnso profit falls short of estimate; Nordic paper producer is hit by Asian crisis

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.