Hony Capital-backed restaurant chain PizzaExpress has decided to permanently shut 73 outlets due to coronavirus lockdowns and higher costs, the company said in a statement. The chain, which has about 470 sites in the UK, expects the move to lead to the loss of about...
Berlin travel-booking app Omio said on Wednesday it had raised $100 million in backing to expand its business and make acquisitions as the industry recovers from the blow dealt by the COVID-19 pandemic. At the height of the viral outbreak, Omio went into...
An Arizona pension system is scaling back its commitments to private equity funds as the coronavirus pandemic weighs on performance. The $40.49bn Arizona State Retirement System is committing about $600m to private equity funds this year, spokesman David Cannella...
Billionaire Bernard Arnault moved to shore up his influence in French conglomerate Lagardere by acquiring a 27% stake in Arnaud Lagardere’s personal holding firm, as a battle over the future of the Lagardere business heats up. Bernard Arnault’s and Arnaud Lagardere’s...
Oracle Corp has joined some of the investors of TikTok’s Chinese owner, ByteDance, in pursuing a bid for the popular short-video app’s operations in North America, Australia and New Zealand, according to people familiar with the matter. The move would represent a... 