NEW YORK & FAYETTEVILLE, Ark.--(BUSINESS WIRE)--Blackstone (NYSE:BX) today announced that Blackstone Growth and affiliated funds (collectively “Blackstone”) have made a growth equity investment in 7 Brew Coffee, the next generation drive-thru beverage business. Blackstone’s investment seeks to help enable 7 Brew to accelerate its already-rapid expansion across the U.S., in collaboration with its premier franchise partners. Since 7 Brew began operating its first coffee “stand” in Rogers, Arkansas in 2017, t ...

L’Occitane International’s shares rose sharply after a report that Blackstone is considering a bid for the skincare company. L’Occitane’s shares 973, +8.46% gained 9.4% to 28.45 Hong Kong dollars in early Asian trade Tuesday, on track for its largest daily percentage gain since last May. Private equity firm Blackstone BX, -2.50% has been conducting preliminary due diligence as it mulls a potential offer for the skincare company, Bloomberg reported, citing people familiar with the matter. Blackstone is al ...

With $1 trillion in assets and unrivaled returns, the private equity giant has conquered Wall Street, but its 76-year old founder, Steve Schwarzman, isn’t finished. He wants total domination overseas as well— and the firm’s crown prince, Jonathan gray, has built an ingenious weapon targeting vast amounts of global wealth.By Sergei Klebnikov, Forbes Staff and Matt Schifrin, Forbes StaffIt is September 2023. Blackstone’s billionaire founder and CEO, Steve Schwarzman, is in Paris ming­ling with his senior Euro ...

Thos Robinson Billionaire Stephen A. Schwarzman recently attended the Davos World Economic Forum, where he made some very interesting remarks about what he thinks are great investment opportunities at the moment. In case you are not familiar with Steve Schwarzman, he is the co-founder and CEO of Blackstone Inc. (BX), which is the biggest private equity group in the world. It controls today over $1 trillion worth of investments, and its track record is among the best in the entire world: Data by YCharts So w ...

smshoot If you have a higher risk appetite than clipping yield from short-term treasuries or money market funds but are feeling jittery about overall equities due to the Magnificent 7 mania last year, consider parking your cash in the highest quality BDC (essentially all first-lien debt into large companies in non-cyclical industries), which I believe you can comfortably earn double-digit IRRs with ~11% cash yield with a narrow distribution of outcome under most macro scenarios. Blackstone Secured Lendi ...

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) announced today that Thomas R. Nides, former long-time Vice Chairman of Morgan Stanley, Deputy Secretary of State, and Ambassador to Israel has joined the firm as Vice Chairman, Strategy and Client Relations. In this new role, Mr. Nides will support a variety of strategic firmwide initiatives and special projects, as well as focus on senior client relationships globally. Stephen A. Schwarzman, Co-Founder, Chairman and CEO said: “ We are delighted to welcome ...

Blackstone Inc. (NYSE:BX) Q4 2023 Results Earnings Conference Call January 25, 2024 9:00 AM ET Company Participants Weston Tucker - Head of Shareholder Relations Stephen Schwarzman - Chairman and Chief Executive Officer and Co-Founder Jonathan Gray - President and Chief Operating Officer Michael Chae - Chief Financial Officer Conference Call Participants Craig Siegenthaler - Bank of America Securities Crispin Love - Piper Sandler Michael Cyprys - Morgan Stanley Finian O'Shea - Wells Fargo Securities Alex Bl ...

Natee127Article Thesis Blackstone Inc. (NYSE:BX) is a leading alternative asset manager. But while the longer-term growth outlook is appealing, the valuation currently is rather high, and the yield is not especially strong. Another company from the Blackstone empire, Blackstone Secured Lending Fund (NYSE:BXSL), looks more attractive today, which is why I recently added to my position in this less expensive, way-higher-yielding Blackstone company. Blackstone Versus Blackstone Blackstone Inc. is the head ...

Blackstone Inc. (BX) reported $2.54 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 8.2%. EPS of $1.11 for the same period compares to $1.07 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.48 billion, representing a surprise of +2.39%. The company delivered an EPS surprise of +16.84%, with the consensus EPS estimate being $0.95.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

If there’s one thing even bigger than the sheer amount of economic reports released an hour ahead of the bell today, it’s the results of these prints this morning. There is lots of eye-opening data, and pre-market futures are up on the news: the Dow is +90 points at this hour, the S&P 500 is +20 and the Nasdaq is up +94 points so far today. The S&P 500 seeks its fifth-straight record high in as many trading sessions.The preliminary read on Q4 Gross Domestic Product (GDP) reached +3.3%, much higher than the ...