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Struggling US retailer Payless ShoeSource is headed for bankruptcy, reports Bloomberg. Payless, which has not commented on the report, operates some 4000 stores globally and under the reported Chapter 11 protection likely to be sought next week, will…
US private-equity company General Atlantic has made its first investment in Indonesia by buying into lifestyle retailer Mitra Adiperkasa (Map). It has subscribed for Rp1.08 trillion (US$80.5 million) in bonds issued by Map which are convertible into shares in…
Seafood producer Thai Union has made a US$575 million strategic investment in US seafood restaurant company Red Lobster. Golden Gate Capital retains its majority shareholding in Red Lobster. Thai Union is regarded as the world’s largest producer of…
