sale-private-equity

Local journalism in Atlantic Canada in trouble as company known to ‘slash and burn’ buys dozens of newspapers

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Local journalism in Atlantic Canada in trouble as company known to ‘slash and burn’ buys dozens of newspapers

If you want to understand the struggling local news landscape, look no further than Atlantic Canada, where a takeover has kept the region’s largest newspaper publisher in operation, but still leaves local journalism in a tenuous state. Toronto-based Postmedia, whose titles include the National Post and the Montreal Gazette, has taken over the financially insolvent SaltWire … Read more

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

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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

Body Shop Canada to lay off 200 workers after parent company took its cash, court docs show

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Body Shop Canada to lay off 200 workers after parent company took its cash, court docs show

The Body Shop Canada Ltd. is seeking creditor protection and closing a third of its stores because its parent company stripped the Canadian arm of cash and pushed it into debt, according to court documents. An affidavit published through the company’s court monitor from Jordan Searle, who heads the Canadian arm, describes how troubles befell … Read more

From cult status to closure fears — what happened to The Body Shop?

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From cult status to closure fears — what happened to The Body Shop?

It’s a store you know by scent. For decades, the sometimes-overwhelming aroma of The Body Shop’s satsuma soaps and coconut body butters have wafted through mall concourses, as much a staple to the culture as the food court. The U.K.-based beauty and cosmetics shop has more than 3,000 retail locations in 70 countries, including 110 standalone … Read more