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On Feb. 2, 2016, $PVH entered into a definitive agreement to acquire 55% of TH Asia Ltd., the company's JV for Tommy Hilfiger in China. The purchase price for the shares is approx. $172MM, net of cash expected to be acquired of approx. $100MM, subject to adjustment. The closing of the deal is expected to occur late in 1Q16 or early in 2Q16.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.