Historic Chemicals Downturn Upends a PE Firm’s Big Bet on Sector A $10 billion private equity firm that made its name as a chemicals specialist has seen a wave of its holdings fall into distress amid a severe industry downturn, pushing the investor to adapt its strategy.
3i Slumps on Warning of Middle East Hit on Retailer Action 3i Group Plc shares slumped after the private equity group flagged slowing sales at its discount retailer Action, a sign that even low-cost stores are struggling as inflation squeezes consumers’ wallets.
“Bloomberg: The China Show” is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, David Ingles and Yvonne Man give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)
