Franchise News
Coty Acquires Personal Care and Beauty Business of Hypermarcas for about $1 Billion in Cash, Provides Coty with Critical Mass Platform in Brazil
Virgin America Launches Flight to Hawaii, Celebrates its Launch with Partnership with Airbnb
Virgin America has announced in a press release that it has launched its first flight from San Francisco to Hawaii on Monday, November 2, 2015. The airline will be flying to Hawaii using its newest Airbus A320 aircraft that is equipped with fuel-saving “sharklet” wingtip devices. In connection with its first flight to Hawaii, Virgin America also announced a partnership with Airbnb, the first partnership program of its kind.
Latest News
Airbnb Wins Battle in San Francisco, Plans to Create 100 Home-Sharing Political Clubs in 100 U.S. Cities
Voters in the city of San Francisco have soundly rejected Proposition F, a measure that would have limited short-term housing rentals to 75 nights a year, according to a report from The Wall Street Journal. The result is a victory for Airbnb Inc., who waged a sophisticated political campaign to defeat the initiative. The home-sharing site plans to launch a national campaign and create 100 home-sharing political clubs in 100 U.S. cities in 2016.
Expedia to Acquire HomeAway for about $3.9 Billion in a Cash and Stock Transaction, Better Compete Against Airbnb
Expedia, Inc. announced in a press release that it will be acquiring HomeAway, Inc. for approximately $3.9 billion in a cash and stock transaction. The transaction is seen as Expedia’s way of trying to compete better with apartment-sharing app Airbnb Inc.
BlackRock Acquires BofA's $87 Billion Cash Assets, Strengthens Cash Distribution Relationship
BlackRock, Inc. has announced in a press release that it has agreed for Bank of America Global Capital Management to transfer its investment management responsibilities of approximately $87 billion of assets under management to BlackRock. The transaction combines BlackRock’s expertise in global cash management and product suite with BofA Global Capital Management’s strength in client relationships.
RBC Completes Acquisition of City National, Will Hire More Bankers
Royal Bank of Canada (RBC) has announced in a press release that it has completed the $5 billion acquisition of City National Corporation. The bank plans to hire more than 100 bankers and open another office in New York as it seeks to expand City National.
Amazon.com Introduces Amazon Books, Opens its First Real Bookstore at University Village
Amazon.com, Inc. introduces Amazon Books, a brick and mortar bookstore, located at Seattle’s University Village in a note to its online customers. Amazon Books is the online retailer’s first real bookstore in its 20-years of selling books online and it first opened on Tuesday, November 3, 2015.
Amazon.com Expands Paid Leave to New Parents, Enhances Benefits to Attract and Retain Talent
Amazon.com Inc. has expanded its parental leave to new parents with new fathers now getting paid parental leave and new mothers will be getting an extended paid maternity leave, according to a report from Bloomberg. The online retailer is enhancing the benefits it offers as a way to attract and retain talent.
Activision Blizzard to Acquire Maker of Candy Crush for $5.9 Billion, Combined Company Will be a Leader in Interactive Entertainment
Activision Blizzard, Inc. has announced in a press release that it will be acquiring King Digital Entertainment Plc, the maker of the leading mobile game “Candy Crush Saga” for $5.9 billion. The acquisition will position Activision Blizzard to be a global leader in interactive entertainment across mobile, console and PC platforms.
TreeHouse to Acquire ConAgra's Private Brands Business for $2.7 Billion, Creates Country's Largest Private Label Food and Beverage Manufacturer
TreeHouse Foods Inc. has announced in a press release that it will be acquiring the private brands operations of ConAgra Foods Inc. for $2.7 billion. The transaction will create the largest private label food and beverage manufacturer in the country.
The New York Times Will Name New Publisher Within 2 Years, New Publisher Will Still Come from Sulzberger Family
Arthur O. Sulzberger Jr., the chairman and publisher of The New York Times has announced during his annual “State of the Times” address that controlling Ochs-Sulzberger clan has begun the selection process for his successor as publisher.
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