Lush Cosmetics lays off staff, scales down Vancouver operation

Lush Cosmetics lays off staff, scales down Vancouver operation

Cosmetics brand Lush says it is laying off staff as it scales down operations at its Vancouver facilities.  Amanda Caruso, a spokesperson for the U.K.-based brand, refused to say how many workers will lose their jobs as part of cuts to the company’s Canadian footprint, citing privacy concerns. However, she confirmed the scale-down will mean closing a … Read more

U.S. private equity firm to buy Héroux-Devtek in deal valued at $1.35B

U.S. private equity firm to buy Héroux-Devtek in deal valued at .35B

Aircraft landing gear maker Héroux-Devtek Inc. says it has signed a deal to be acquired by U.S. private equity firm Platinum Equity Advisors LLC in a deal valued at $1.35 billion. Under the agreement, Platinum Equity will pay $32.50 in cash per share for the company.  Based in Longueuil, Que., Héroux-Devtek is one of the … Read more