US giants size up £400m bid for Sir Philip Green’s Arcadia

Giant American fashion and investment corporations are eyeing up bids for Topshop and its parent group Arcadia. Authentic Brands – which owns a stable of global fashion businesses including Juicy Couture – is understood to be among the interested parties. Rival contenders include private equity titans Fortress, Elliott Management, Apollo and OpCapita, sources told The […]

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AstraZeneca pounces on rival Alexion in deal worth £29.5bn

British drugs giant AstraZeneca will acquire North American rival Alexion Pharmaceuticals in a deal worth $39billion (£29.5billion), it was announced yesterday. The deal would give Astra, which is based in Cambridge, access to Alexion’s expertise in rare disease treatments, blood disorders and immunology. It will also build on chief executive Pascal Soriot’s turnaround of the […]

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