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Marc Jacobs enters new ownership era as G-III Apparel and WHP Global complete LVMH deal
G-III Apparel and WHP Global complete the Marc Jacobs acquisition from LVMH. Find out how the deal could reshape G-III’s global brand strategy.
Figure Technology completes $717m Kiavi transaction to expand first-lien lending marketplace
Figure Technology closes its Kiavi acquisition, adding over $7 billion in potential annual loan volume as its blockchain lending strategy scales rapidly.
Rayonier Advanced Materials’ earnings are recovering. Why are 425 Témiscaming jobs being idled?
RYAM will idle about 425 TĂ©miscaming workers after new 50% U.S. tariffs hit mill economics. Find out what the shutdown means.
Bittium’s profits are booming, but up to one in four workers at this unit could go
Bittium may cut up to 30 Engineering Services jobs despite surging group profit. Discover why defence growth is reshaping its workforce.
PayPal processed $486bn in one quarter. Why are 164 Irish jobs now at risk?
PayPal is planning 164 redundancies in Ireland, equivalent to nearly 12% of its roughly 1,380-person local workforce, as the payments company simplifies operations despite 10% payment-volume growth and sharply stronger free cash flow, while operating margins remain under pressure.
Why LP Building Solutions named Aaron Howald CFO after EBITDA falls 44%
Aaron Howald has become CFO of LP Building Solutions after 15 years inside the company, inheriting approximately $1 billion of liquidity but also a quarter in which net sales fell 12%, adjusted EBITDA dropped 44% and net income roughly halved as housing and OSB conditions weakened.
Elevate Service (TSXV: SERV) revenue jumps 170% as three acquisitions reshape Q2
Elevate Service Group generated C$20.5 million of second-quarter revenue after completing three acquisitions, with pro forma revenue reaching C$24.6 million. Adjusted EBITDA turned meaningfully positive, but acquisition accounting and integration costs kept the statutory operating result in the red.
Meritus Gas Partners buys Wagner after HICO and Metroplex as industrial gas roll-up builds regional density
Meritus Gas Partners has acquired Wagner Welding Supply weeks after buying Metroplex Welding Supply and HICO Distributing, revealing a targeted strategy to build denser industrial gas networks in Colorado and Texas.
Iridium’s Furuno and SkyWave deals widen its satellite IoT moat as Rocket Lab’s $8bn takeover approaches
Furuno’s new SOLION 100 maritime terminal and SkyWave’s industrial IoT partnership are widening Iridium’s hardware ecosystem just as Rocket Lab prepares to acquire the satellite operator for about $8 billion.
Why Truist named Michael Lyons CEO as quarterly EPS jumps 37%
Michael Lyons has taken over as Truist Financial CEO from Bill Rogers, bringing more than three decades of financial-services and fintech experience to a bank that just generated $1.5 billion of quarterly profit, lifted EPS 37% and reached a 15.4% return on tangible common equity.