On Thursday, Blackstone Group LP (NYSE:BX)’s shares declined -2.57% to $32.56.
Private equity funds managed by Blackstone declare the acquisition of Ideal Shopping Direct (“ISD”), a leading independent multi-channel retailer, from Inflexion.
ISD operates live and pre-recorded channels across all the major UK TV platforms; Sky, Freeview, Virgin Media and Freesat in addition to multiple internet sites. Its two principal divisions are Create & Craft and Ideal World. ISD delivers a dynamic shopping experience selling specialty craft products to dedicated crafting hobbyists in addition to home, leisure, health, beauty and fashion products. Create & Craft is the only dedicated channel to sell specialist craft products and operates 15 hours a day.
Headquartered in Peterborough in the UK and with a growing operation in the US, the company has over 800 employees and, through its TV networks, reaches over 26 million homes. The practiced administration team will continue to be led by Mike Hancox, Chief Executive since 2008. Gerry Murphy, a Senior Managing Director at Blackstone and former CEO of both Kingfisher and Carlton Communications (ITV), will become Chairman.
The transaction is predictable to close later this year and is subject to usual closing conditions and regulatory approvals.
The Blackstone Group L.P. (Blackstone) is a global alternative asset manager and provider of financial advisory services. The Company’s alternative asset administration businesses comprise investment vehicles focused on private equity, real estate, hedge fund solutions, non-investment grade credit, secondary funds and multi-asset class exposures falling outside of other funds’ mandates.
JD.Com Inc(ADR) (NASDAQ:JD)’s shares gained 3.94% to $25.34.
JD.Com declared the opening of an office in Hong Kong and the signing of a planned agreement with COSCO Logistics to address growing customer demand for imported goods from leading brands from Asia and around the world. The company also declared that Sa Sa, Asia’s leading cosmetics retailer, will launch a flagship store on JD Worldwide.
The planned initiatives declared recently are intended to enhance engagement with brands and retailers across Asia, and to make it easier, and quicker for international merchants to ship directly to consumers in China. Leveraging JD’s local market presence and warehousing capabilities, merchants with a presence in Hong Kong will be able to manage sales, warehousing, shipping and fulfillment to customers in Mainland China directly from Hong Kong.
JD.com, Inc. is an online direct sales company. The Company engages primarily in the sale of electronics and home appliance products and general merchandise products (counting audio, video products and books) sourced from manufacturers, distributors and publishers in People’s republic of China (PRC) on the Internet through its Website jd.com. It also operates its online marketplace under which third-party sellers sell products on the Company’s Website to customers.
At the end of Thursday’s trade, CBS Corporation (NYSE:CBS)‘s shares dipped -1.87% to $40.89.
CBS Corporation declared that it will report results for the third quarter of 2015 after the market closes on Tuesday, November 3, 2015. The earnings declaration will be available in the Investors/News & Events section of the Company’s corporate web site, www.cbscorporation.com.
The Company will then conduct a teleconference call at 4:30 PM, ET. The call is open to the general public. The domestic conference call number is (888) 710-4022. Please call at least five minutes in advance to ensure that you are connected before the presentation. The international dial-in number is (913) 312-0401.
CBS Corporation is a mass media company. The Company operates through segments, counting Entertainment, Cable Netoperates, Publishing and Local Broadcasting. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Global Distribution Group, CBS Interactive and CBS Films.
Bristol-Myers Squibb Co (NYSE:BMY), ended its Thursday’s trading session with 0.12% gain, and closed at $61.81.
Bristol-Myers Squibb, will declare results for the third quarter of 2015 on Tuesday, October 27, 2015. During a conference call at 11:30 a.m. EDT on October 27, company executives will review financial information and will address inquiries from investors and analysts.
Bristol-Myers Squibb Company (BMS) is engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of biopharmaceutical products across the world. The Company’s products are sold to wholesalers, retail pharmacies, hospitals, government entities and the medical profession.
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