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Yum Brands Sells Pizza Hut for $2.7B, Exits 50-Year Legacy
Yum Brands sells Pizza Hut for $2.7 billion to LongRange Capital and Yum China, ending 50 years of shared ownership amid U.S. delivery competition.
IFCI Rebounds 6% as NSE IPO Filing Fuels Stakeholder Rally, June 19
IFCI shares jump 6% to Rs 87.50 after NSE IPO filing. Stock up 58% in a month and 65% in 2026 as stakeholder in the Rs 30,000 crore IPO.
Brookfield Sells Multiplex to Japan’s Obayashi for $924M, June 19
Brookfield sells Multiplex to Japan’s Obayashi for $924M AUD. Deal includes $530M cash upfront plus performance-based earn-out. Closure expected by…
Affirm Stock Falls 5.3% to $70.73 on Valuation Concerns, June 18
Affirm stock fell 5.3% to $70.73 on June 17 amid valuation concerns and sector headwinds affecting the buy-now-pay-later fintech lender.
UK Retail Expansion Accelerates: New Stores Open Across Shopping Centres, June 18
Footasylum opens 12,000 sq ft flagship at Trinity Leeds. Marks and Spencer expands with new store locations across the UK.
Hong Kong High-Speed Rail Expands to 113 Destinations, June 19
Hong Kong high-speed rail expands to 113 destinations from July 1, adding Guangzhoubei, Yiwu, and Fuqingxi stations with quiet cars.
2Crsi Shares Plunge 43% to €25.40 After Grizzly Research Reveals Short Position
Shares of French AI server maker 2CRSi witnessed one of their sharpest single-day declines after short seller Grizzly Research announced a bearish position against the company. The sudden report triggered heavy selling pressure, wiping out a large portion of the company’s market value within hours. While the stock reacted sharply, investors are now evaluating whether…
Allbirds Rebrands as Smartbird, Hires AWS Exec as CEO, June 18
Allbirds rebrands to Smartbird with AWS executive Nadia Carlsten as CEO. Stock surged 600% in April, then fell 77% since AI pivot announcement.
IPO’s Today: SBI, Bank of Baroda Eye Multibagger Gains from NSE IPO OFS; LIC Holds Stake
The IPO market is once again in focus as the much-talked-about NSE initial public offering moves through its offer-for-sale phase. Major state-backed financial institutions like State Bank of India and Bank of Baroda are drawing attention as potential big winners from early investment in the exchange’s unlisted journey. At the same time, LIC has chosen…