Sabre sells hospitality business for $1.1 billion
Travel technology and distribution company Sabre Corporation has agreed to sell its hospitality solutions business to asset management company TPG for $1.1 billion. The sale sees TPG acquire the hospitality business unit, which becomes a standalone business through TPG Capital, its United States and European private equity vehicle. Sabre said
Tapestry Sells Stuart Weitzman, London Fashion Week Returns
120 Tapestry Sells Stuart Weitzman To Caleres For $105 Million Stuart Weitzman will be sold to Caleres by parent company Tapestry—which also owns Coach and Kate Spade New York—for $105 million, according to Business of Fashion. Weitzman will join Caleres’ roster of footwear brands, which includes Sam Edelman, Franco Sarto,
L’Oréal Sells €3 Billion of Sanofi Stock Back to Drugmaker
Cosmetics giant L’Oréal SA is selling a €3 billion ($3.1 billion) stake in Sanofi back to the French drugmaker, cashing in part of its holding after Sanofi’s shares outperformed the market over the past year. L’Oréal is selling 29.6 million shares at €101.50 each, the companies said in statements Monday.
Kering Sells Italian Luxury Outlets to Alleviate Debt
Kering has sold its “The Mall Luxury Outlets” unit to US real estate company Simon, the French luxury conglomerate said in a statement on Thursday. The divestment will generate net proceeds of approximately €350 million ($365 million) for the Gucci owner, hit harder than its peers by the global luxury
