Category: News

9 big things: Lululemon’s $500M bet on sweating at home

Yoga teacher Helen Russell-Clark prepares for last year’s Lululemon Sweatlife Festival. (Nicky J Sims/Getty Images)

At some point in the future, the threat of COVID-19 will begin to fade. When that will be is still anybody’s guess. But whenever that wonderful day arrives, it seems safe to assume that post-pandemic life is going to look a little different.

An example: For many, the idea of crowding into a tightly packed gym to lift weights, do yoga or take a spin class with a bunch of other sweaty, panting people might not hold the same appeal it used to. 

It’s only a hypothesis. But if a $500 million deal lined up this week is any indication, it’s one that an athletic apparel icon is taking very seriously. 

Read More….

Live coronavirus updates: Coronavirus effects on private markets

The Tribeca Drive-In is a monthlong temporary theater next to the Rose Bowl. The stadium in Pasadena, Calif., was one of dozens of venues statewide to scrap its annual Fourth of July fireworks. (David McNew/Getty Images)

Shifting VC landscape marked by layoffs, dip in deals

Since March 11, nearly 45,000 employees have been laid off across more than 370 venture-backed companies. That’s just one of many startling statistics from the past several months. But it may be the starkest indication of the widespread changes the pandemic has wrought across the startup scene.

Read More…

CVC Capital hits €21.3B close on Europe’s largest buyout fund

CVC Capital co-founder and co-chair Donald Mackenzie
(Bryn Lennon/Getty Images)

CVC Capital Partners has reportedly closed its eighth flagship buyout fund on around €21.3 billion (about $24.1 billion), making it Europe’s largest buyout fund to date.

The vehicle, which tore through its initial €17.5 billion target, is the first European mega-fund—vehicles with more than $5 billion in commitments—to reach a close since the COVID-19 crisis began.    

The close could mark a rebound for European PE fundraising activity, which saw a significant drop in Q1 with just €10.9 billion raised across 20 vehicles, according to PitchBook’s Q1 European breakdown report.

Article Source Pitch book

Know More ………

Scroll to top