Funds articles

Eddie Lampert’s hedge fund preparing an improved offer to keep Sears alive: sources

Eddie Lampert’s hedge fund preparing an improved offer to keep Sears alive: sources

A sign is displayed on a Sears store in Hackensack, N.J., Tuesday, Jan. 8, 2019Seth Wenig/AP Photo Eddie Lampert’s ESL Investments hedge fund is planning to submit an improved offer to keep Sears Holdings Corp. in business. Advisers for the hedge fund are drafting a bid that would satisfy conditions set in U.S. bankruptcy court

The Meghan Markle effect helps Aritzia profit to climb in its 17th straight quarter of growth

The Duchess of Sussex in a Aritzia trench coat in 2018.Chris Jackson TORONTO — Aritzia Inc. says its first outlet boutique has been “incredibly profitable” in its first two months open, but don’t expect the womenswear retailer to push heavily into the discount space. Brian Hill, the Vancouver-based company’s chief executive officer, told analysts on

Eddie Lampert sweetens bid to keep Sears open to more than $5 billion

Signage is displayed outside of a Sears Holdings Corp. store in San Bruno, California.David Paul Morris/Bloomberg Eddie Lampert’s ESL Investments is sweetening its offer to keep Sears Holdings Corp. in business, outlining a US$5-billion plan to buy the retailer out of bankruptcy. The new bid, about US$600 million more than Lampert previously offered, should satisfy

Lululemon shares gain after boosting quarterly sales, profit forecast

Shares of Lululemon jumped in early trading Monday after the yogawear company increased its fourth-quarter guidance for sales and profit.Darryl Dyck/The Canadian Press Investors are happy about at least one retailer’s holiday season: Shares of Lululemon Athletica Inc. jumped in early trading Monday after the yogawear company increased its fourth-quarter guidance for sales and profit.

Business investment intentions flat as Canadian economy plateaus

The Business Development Bank of Canada's report showed mixed views of the economic backdrop.Andre Forget/QMI Agency Canada’s small business managers plan to keep their investment spending flat this year, according to a new survey that mirrors a crucial question asked by the central bank. Business Development Bank of Canada found 32 per cent of owners

OSC looking to lighten regulatory load on companies — and it wants suggestions

Maureen Jensen, chair of the Ontario Securities Commission.Peter J. Thompson/National Post files Canada’s largest capital markets watchdog kicked off a broad consultation Monday aimed at reducing costly and outdated rules and lightening the regulatory burden on companies. The aim is “to identify new actions we can take to save time and money for Ontario businesses

Lululemon’s ‘thin’ explanation of CEO’s abrupt departure ‘bordering on inadequate,’ experts say

Laurent Potdevin, former Lululemon CEO, abruptly departed with little explanation from the company.Xaume Olleros/Bloomberg files Shareholder advocates and analysts are calling on Lululemon Athletica for more disclosure surrounding the abrupt departure of its chief executive who “fell short” of the Canadian athleisure company’s conduct standards. FAIR Canada executive director Frank Allen says Lululemon’s disclosure was

Top