Mondelez buys majority stake in Grenade
By Curtley Bale
The Story
International snack food company Mondelez has bought a majority stake in Grenade, the UK-based company focussing on healthier, low sugar snack options. Grenade is best known for its market-leading protein bar, Carb...
Stuck in the Suez
By Curtley Bale
The Story
On Tuesday 23 March 2021, a 400m-long shipping vessel ran aground in the Suez Canal. The cargo ship, the Ever Given, was grounded due to high winds, causing the vessel to splay diagonally across the canal. The Ever Given weighs 220,000 tonnes...
Stars and Stripes: The $95 billion Valuation
By Curtley Bale
The Story
Online payment company Stripe has become Silicon Valley’s largest private company. This comes after a fresh round of fundraising has left Stripe with a valuation of $95 billion. This means the company surpasses...
Cutting the Cake: Deliveroo Announces Intentions for IPO
By Curtley Bale
The Story
Deliveroo has announced its intentions to raise money via an Initial Public Offering (IPO), confirming it would do so in London. The IPO is expected to be worth around £7 billion but the date for the...
Spring Tide: Square to Buy Jay-Z’s Tidal
By Curtley Bale
The Story
Jay-Z’s asset sell-off continues. This week, the rapper sold a majority stake of his streaming service, Tidal, to financial services and payments company, Square. The deal is expected to cost Square $297 million, and...
Sole Trader: Birkenstock Agrees to Sell its Business to LVMH-backed L Catterton
By Curtley Bale
The Story
German sandal-maker Birkenstock has agreed a deal to sell its business to LVMH-backed private equity house, L Catterton. The deal is expected to be worth €4 billion. L Catterton...
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Supercharged: Car Manufacturers Set Ambitious EV Targets
By Curtley Bale
The Story
This week, multiple car companies set out significant and meaningful electric vehicle goals. Jaguar Land Rover (JLR) committed to ditching the combustion engine within 15 years, with the brand becoming...
Spurring Partners: CVC’s potential investment in the NBA
By Curtley Bale
The Story
Whilst the pandemic has led to a global economic slowdown, it seems to have ramped up private equity deal-making. Luxembourg-based CVC Capital Partners has entered into talks to buy a 15% stake in the...
Flybe Collapse By Alice Manners
The Story
Flybe, the largest regional airport in Europe, has entered into administration after being “unable to overcome significant funding challenges”.
We have previously heard about these challenges and the (much criticised) proposed government rescue deal...
Please find this week's report below!
Aviation industry hit by COVID-19 By Brian Chiu
The Story
The impact of Covid-19 on the aviation sector is increasingly pronounced. More than 54 countries have now issued travel restrictions to China and the wider APAC region.
With Standard & Poor’s...
The story of retail in 2019 (By Heerim Hwang)
The story
According to the British Retail Consortium (BRC) and KPMG, 2019 saw the worst year in sales for retail with total sales decreasing by 0.1%.
Helen Dickinson, the chief executive of the BRC, stated that 2019 was the first year “to show an...
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