Stay updated with breaking news from David Kempner. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
TORRINGTON - Ann M. Gioscia, 91, of Torrington, died peacefully at her home Tuesday, Jan. 16, 2024. Ann was predeceased by her loving husband, Bobby, in 2021.Ann was the daughter of the late Flavien C. and Maude Zele, also of Torrington. Ann was a 1950 graduate of Torrington High School, and a gradu
The Soloviev Group has squared away a nearly triple-digit deal at 9 West 57th Street.
Smoke is billowing as the Tata Group continues to burn cash on its first ecommerce platform — Tata Cliq. Tata UniStore Ltd, which owns and runs Tata Cliq, saw its net losses rise in double digits and turnover drop more than 50% in fiscal 2022-23. The exit from certain categories of electronics is the reason behind the drop in revenues, per the companys filings. But how about the rise in losses? This and much more in todays ETtech Morning Dispatch.
The legal battle between Byju's and lenders in the US on the edtech firm's $1.2-billion term loan B (TLB), along with the company skipping an interest payment of $40 million on the loan, has made the other investor Davidson Kempner Capital Management, 'extremely concerned', according to the people familiar with the matter. They said Byju's has closed a Rs 2,000-crore ($250 million) round from the US-based investment firm and it may stop or consider slowing down the flow of various tranches of that capital to the company. It may also decide not to provide any new funding or participate in any s...
Topshop set for discount sale price after Next pulls out of race, analysts say Arcadia is among the highest profile collapse since coronavirus lockdown and restrictions were implemented. The bidders circling Sir Philip Green’s collapsed retail empire Arcadia could bag a good deal to buy Topshop, after Next – a frontrunner to rescue the firm’s “crown jewel” – pulled out of the race. Restructuring experts said Next’s exit from the sales process will put the other bidders in a stronger position, making it “ripe for a buyer to reel it in at a lower price.” “...