Bain seeks next airline after tripling money on Virgin Australia

Bain seeks next airline after tripling money on Virgin Australia

[SYDNEY] Bain Capital is scouting for its next airline deal after already more than tripling its money on Virgin Australia Holdings. The US buyout firm sold a 30 per cent stake in Virgin Australia, the country’s second-largest airline, in a A$685 million (S$572 million) initial public offering (IPO) last month. That swelled Bain’s return to…

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Lululemon’s best-selling black leggings pile up at outlet stores

Lululemon’s best-selling black leggings pile up at outlet stores

[NEW YORK] Lululemon Athletica is facing slowing sales, fewer store visitors and waning demand for its iconic black leggings as the yogawear retailer tries to pull itself out of a rough patch. Lululemon’s core black leggings, which are vital products that rarely are discounted, are piling up at outlet stores, according to Randal Konik, an…

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‘Harry Potter’s Miriam Margolyes Calls J.K. Rowling’s Anti-Trans Rhetoric “Too Harsh”

‘Harry Potter’s Miriam Margolyes Calls J.K. Rowling’s Anti-Trans Rhetoric “Too Harsh”

Miriam Margolyes is the latest Harry Potter alum to take a stance against J.K. Rowling‘s ongoing anti-transgender rhetoric. The actress who played Professor Pomona Sprout in the big-screen franchise adaptation of Rowling’s YA novels called out the author for her “harsh” comments, as well as the “fury” it’s stoked at her from within the transgender…

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Europe: Shares see first daily gain in five on strong earnings

Europe: Shares see first daily gain in five on strong earnings

[BENGALURU] European shares snapped a four-day losing streak on Thursday (Jul 16), boosted by gains in industrials ABB and Legrand after they reported positive earnings news. The pan-European Stoxx 600 index closed 1 per cent higher. Most major regional bourses also gained, with Germany benchmark DAX gaining 1.5 per cent, while France’s CAC 40 added…

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