Industry News

Bitauto Holdings Limited, a leading provider of internet content and marketing services for China's fast-growing automotive industry, today announced that an investor consortium comprised of Tencent Holdings Limited, a leading provider of comprehensive internet services in China, Baidu, Inc., the leading Chinese language internet search provider,, Inc., a leading e-commerce company in China, Bitauto and other investors has entered..."/>
Bitauto Announces Investor Consortium's Strategic Investment of US$550 Million in Yixin Capital
Coach, Inc. will hold a conference call to discuss the company’ s fourth quarter and year end results, which will be reported via press release earlier that morning. To listen to the call, please dial: 1-888-405-2080 or 1-210-795-9977 and request the Coach earnings call led by Andrea Shaw Resnick. To listen to the audio webcast, go to on the Internet."/>
Coach, Inc. to Host FY16 Fourth Quarter and Year End Earnings Call
Tenneco will showcase its innovative Clean Air solutions in a state-of-the-art mobile technology display at the 2016 CAR Management Briefing Seminars, August 1-4, 2016. The technologies showcased are designed to meet global automakers’ demand for Clean Air products that reduce emissions, contribute to fuel efficiency and improve vehicle performance. This Smart News Release features multimedia."/>
Tenneco Showcases Global Clean Air Solutions at CAR Management Briefing Seminars
Williams-Sonoma, Inc. portfolio of brands, today debuts its fourth exclusive collection in collaboration with designers and fashion stylists Emily Current and Meritt Elliott. Designed exclusively for PBteen, the Emily& Meritt collection is vintage-inspired, with a modern twist."/>
Gannett Co Inc announced on Monday that Raptor Merger Sub Inc, its wholly owned subsidiary, has extended its tender offer to purchase all of the outstanding shares of ReachLocal Inc at a price per share of USD4.60, net to the holder in cash, until midnight, New York City time, at the end of the day on 8 August 2016, unless further extended. According to the company, this offer has been extended to allow investors time to consider revised disclosures in an amendment to..."/>
Gannett announces extension of tender offer for ReachLocal
AMC Networks announced on Monday the appointment of Christian Wymbs as executive vice president and chief accounting officer of the company, effective 1 August 2016.. In his new role, Wymbs will be responsible for managing the company's corporate accounting, financial reporting and tax functions and will report to Sean Sullivan, executive vice president and chief financial officer of the company. Also, Wymbs will take over the responsibilities of the chief accounting..."/>
AMC Networks names Christian Wymbs as EVP and chief accounting officer
Coach Inc, a New York design house of modern luxury accessories and lifestyle brands, announced on Monday the sale-leaseback of its global headquarters at 10 Hudson Yards in New York City. Under this deal, the company received a purchase price of approximately USD707m, net of USD77m due to the developer of Hudson Yards, before transaction costs of USD26m, resulting in a gain of about USD30m which will be amortised over 20 years. Also, Coach simultaneously entered into a 20- year lease..."/>
Coach sells interest in HQ at 10 Hudson Yards in New York City
Sultan, Kabali dominate box office in July [Mint, New Delhi]
McDonald's has reached its pledge to stop selling chicken that has been raised on a diet of medically important antibiotics ahead of schedule, Consumers Union said Monday. Consumers Union, the policy and advocacy division of Consumer Reports, praised McDonald's. The group urged Kentucky Fried Chicken and other fast-food chains to move away from meat and poultry suppliers that overuse antibiotics, a practice that the Centers for Disease Control and Prevention has..."/>
McDonald's stops selling chicken raised on antibiotics; KFC to follow? [The Palm Beach Post, Fla.]
Shoppers Stop Ltd's June quarter financial performance suggests the Indian consumer isn't seeking much solace in retail therapy. Consider the lacklustre 5.5% like-to-like sales growth for the company's department stores. Govind Shrikhande, managing director of Shoppers Stop, says, "Even the 5.5% like-to-like growth wouldn't have happened if it weren't for the preponement of discount sale period by three days.""/>
Shoppers Stop: not much retail therapy [Mint, New Delhi]
Maruti Suzuki India Ltd topped the sales tally, dispatching 125,777 units."/>
SUVs, compact cars prop up auto sales [Mint, New Delhi]
Walgreens Boots Alliance invested on a five-year tutorial in e-commerce. Graduation comes at the end of September, when Walgreens plans to shut down and and record a $115 million pretax charge. The Deerfield-based retail pharmacy giant acquired the sites as part of a $429 million deal just five years ago but now seeks "greater focus on the..."/>
Chicago Tribune Phil Rosenthal column [Chicago Tribune]
Carmike Cinemas with a $1.2 billion purchase agreement, on Monday morning reported that its revenues-- including sales of tickets, food and beverages-- tumbled in the second quarter of this year. Its bottom line profit came in at $24 million, down about 45 percent from $43.9 million in the same April-June period a year ago. Carmike, headquartered in downtown Columbus, issued its second-quarter report after the stock markets..."/>
AMC, trying to buy Carmike Cinemas, reports tumbling revenues and profits in quarter [Columbus Ledger-Enquirer, Ga.]

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