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Business 30 Nov 2016 | 12:00 AM

Safe meets sexy: American Apparel bid spices up Canadian brand

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.

Business 24 Mar 2017 | 12:00 AM

China Southern to sell stake to American Airlines

BEIJING: China Southern Airlines Co, Asia’s biggest carrier by passengers, is in advanced talks to sell a stake to American Airlines Group Inc, according to people familiar with the matter.

Business 15 Nov 2016 | 12:00 AM

American Apparel files for second bankruptcy in just over a year

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.

Business 06 Oct 2015 | 12:00 AM

American Apparel files for bankruptcy

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.

Business 25 Aug 2015 | 12:00 AM

Anglo American sells two Chilean mines to Audley for US$300mil

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.

Business 29 Mar 2017 | 12:00 AM

American Airlines takes US$200mil stake in China Southern

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.

Markets 28 Mar 2017 | 2:15 AM

China Southern to sell US$200mil shares to American Airlines

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.

Business 26 Jul 2019 | 4:37 AM

Billionaire Agarwal walks away from Anglo American stake

LONDON: Indian billionaire Anil Agarwal, once the biggest shareholder in Anglo American Plc, plans to exit his stake in the diversified mining company.

Business 15 May 2017 | 10:40 PM

Buffett's Berkshire boosts American, Southwest airline bets

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.

Business 18 Jan 2017 | 12:00 AM

BAT to pay US$49bil to buy out Reynolds American

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.