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MONTREAL: Gildan Activewear Inc is spicing up its image with a bid for American Apparel Inc, the racy and embattled purveyor of jerseys and tights. If the tie-up succeeds, they’d be fashion’s new odd couple.
NEW YORK: American Apparel LLC has filed for its second bankruptcy protection in just over a year, weighed down by intense competitive pressures facing US teen retailers and a rocky relationship with its founder.
NEW YORK: American Apparel Inc filed for bankruptcy protection after posting years of losses as the clothing retailer, which fired controversial founder Dov Charney last year, seeks to reorganise debts that have ballooned to levels exceeding its assets.
LONDON: Anglo American is to sell two Chilean copper mines to investment firm Audley Capital for US$300mil, the company said, as it delevers its balance sheet to help combat a global slump in commodity prices.
HONG KONG: China Southern Airlines Co Ltd said it will sell a small stake to American Airlines Group Inc in a US$200mil deal that will give the carriers better access to the world’s two largest travel markets.
HONG KONG/SHANGHAI: China Southern Airlines Co Ltd said on Tuesday it would issue HK$1.55 billion ($199.6 million) worth of shares to a subsidiary of American Airlines Group Inc, giving the U.S. airline a stake in China's largest carrier.
LONDON: Indian billionaire Anil Agarwal, once the biggest shareholder in Anglo American Plc, plans to exit his stake in the diversified mining company.
NEW YORK: Warren Buffett's Berkshire Hathaway Inc on Monday said it added to its sizable investments in American Airlines Group Inc and Southwest Airlines Co, and shed its stake in Twenty-First Century Fox Inc.
GENEVA: British American Tobacco (BAT) Plc raised the cash portion of its bid for full control of Reynolds American Inc, offering about US$49.4bil in a deal that would create the world’s largest publicly traded tobacco company and unify brands such as Lucky Strike and Camel.