Zimmer Biomet revealed its plan to spin off its Spine and Dental businesses into an independent company to help the company enhance its focus on high priority areas. The company also posted earnings results that exceeded expectations.
Tag: Spin-offs
Sycamore Partners to acquire control of Victoria’s Secret
Victoria’s Secret, which once dominated the lingerie category with its sexy image, will go private in a deal that shows how far the brand as fallen out of favor. Private equity firm Sycamore Partners will acquire a 55% share in Victoria’s Secret from its owner L Brands for $525 million, the companies announced Thursday. Upon the […]
William Barr criticizes Trump tweets about Roger Stone
Attorney General William Barr, in a stunning rebuke to his boss, said Thursday that President Donald Trump should stop tweeting about the Justice Department, complaining that the president’s comments “make it impossible for me to do my job.” The remarks in an ABC News interview followed days of sharp criticism of Barr, Trump and the DOJ […]