Formentera Partners and Inpex have announced a joint venture (JV) that aims to expedite the development of natural gas resources in Australia's onshore Beetaloo Basin, located in the Northern Territory. This collaboration is set to combine Formentera’s expertise in shale technology with Inpex’s global capabilities in liquefied natural gas (LNG). It aims to establish a domestic natural gas supply for Australia and facilitate LNG exports to international markets, particularly in Asia. As part of the agre ...

Danone has placed its dairy business in Argentina into a new venture with local food group Arcor. The moves comes after the companies acquired outright Argentinian group Mastellone Hermanos, which owns the local dairy business La Serenísima. Danone and Arcor already owned 49% of Mastellone Hermanos through two separate shareholdings held by their existing venture – Bagley – and by Arcor itself. The partners have acquired the remaining 51% in Mastellone Hermanos from the Mastellone family and the Dallpo ...

Core Insights - Lands' End, Inc. (LE) reported fourth-quarter fiscal 2025 results, with both revenue and earnings missing the Zacks Consensus Estimate, but showing year-over-year growth [1][2] Financial Performance - Net revenues reached $462.4 million, a 4.7% increase from $441.7 million year-over-year, but fell short of the $471 million estimate [3] - Gross profit rose 4.1% year-over-year to $209.6 million, while gross margin declined by 30 basis points to 45.3% due to tariffs [4] - Selling and administrative expenses increased by 7.4% year-over-year to $169.7 million, with expenses as a percentage of sales rising to 36.7% [5] - Adjusted EBITDA increased by 8.5% year-over-year to $47.4 million [6] Segment Performance - U.S. Digital segment net revenues increased to $402.3 million, up 5.3% from the prior year, driven by a 4.8% rise in U.S. e-commerce [7] - Outfitters net revenues grew 9.6% year-over-year to $53.7 million, benefiting from strong back-to-school sales [8] - Third-party net revenues increased by 4.3% year-over-year to $36.6 million, primarily due to growth on Amazon [8] - Europe e-commerce net revenues rose 9.3% year-over-year to $32.9 million, reversing a declining trend [9] - Licensing and Retail net revenues dropped 8.4% year-over-year to $27.2 million due to a planned transition to a licensing arrangement [11] Financial Health - As of January 30, 2026, cash and cash equivalents were $17.7 million, up from $16.2 million a year earlier [12] - Net inventory increased by 1.4% year-over-year to $268.8 million, influenced by tariff impacts [12] - Net cash from operating activities decreased to $49.6 million from $53.1 million, primarily due to tariffs [13] Future Outlook - Lands' End enters 2026 with strong operational and financial momentum, supported by solid fiscal 2025 performance and a strengthened balance sheet [14] - A joint venture with WHP Global was announced to enhance the value of its intellectual property, aiming for meaningful growth [15]

This story was originally published on C-Store Dive. To receive daily news and insights, subscribe to our free daily C-Store Dive newsletter. HF Sinclair said it expects to permanently part ways with its CEO and chief financial officer after the two executives took voluntary leave of absences late last month, the fuel distributor and refiner announced in its annual report. President and CEO Tim Go stepped away from Sinclair after Executive Vice President and CFO Atanas Atanasov told the company’s board of ...

Realty Income and Apollo to Establish Strategic Partnership Safe Harbor for Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this presentation, the words "estimate," "anticipate," "expect," "believe," "intend," "continue," "should," "may," "likely," "plans," and simil ...

Core Insights - The company reported a fourth-quarter net revenue increase of 4.7% year-over-year, reaching $462.4 million, and a mid-single-digit increase in Gross Merchandise Value (GMV) compared to the previous year [3][8]. Financial Performance - Fourth Quarter Financial Highlights: - Net revenue for the fourth quarter was $462.4 million, up $20.7 million or 4.7% from $441.7 million in the same quarter of the previous fiscal year [3]. - U.S. Digital Segment net revenue increased to $402.3 million, a rise of 5.3% from $381.9 million [3]. - U.S. eCommerce net revenue was $312.0 million, reflecting a 4.8% increase from $297.8 million [3]. - Outfitters net revenue grew by 9.6% to $53.7 million, driven by strong performance in the school uniform business [3]. - Third Party net revenue increased by 4.3% to $36.6 million, primarily due to growth on Amazon [3]. - Europe eCommerce net revenue rose by 9.3% to $32.9 million, reversing a multi-quarter decline [3]. - Licensing and Retail net revenue decreased by 8.4% to $27.2 million due to a planned transition to a licensing model [3]. - Full Year Financial Highlights: - For fiscal 2025, net revenue totaled $1.34 billion, down 2.0% from $1.36 billion in fiscal 2024 [8]. - Gross profit for the year was $650.2 million, a slight decrease of 0.5% from $653.3 million [8]. - Adjusted EBITDA grew by 10% to $102 million, and adjusted net income more than doubled to $27 million [5][8]. Strategic Developments - The company announced a joint venture with WHP Global to enhance its intellectual property and brand licensing, which is expected to eliminate term loan debt and create long-term growth opportunities [2][15]. - WHP Global will invest $300 million for a 50% stake in the joint venture, which will focus on global licensing and brand expansion while Lands' End retains operational control of its direct-to-consumer and B2B businesses [15][16]. Balance Sheet and Cash Flow - As of January 30, 2026, cash and cash equivalents were $18.3 million, with net inventory at $268.8 million, reflecting a 1% increase year-over-year [10][11]. - The company had no borrowings outstanding and $122.6 million available under its ABL Facility, with term loan debt reduced to $234 million [13]. Future Outlook - The company will not provide financial guidance until after the completion of the WHP Global transaction, expected by the end of the first quarter of fiscal 2026 [20]. - An enhanced earnings call is scheduled for June 2026 to discuss the financial framework post-transaction [21].

DALLAS, March 16, 2026 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest,” “CSWC” or the “Company”) (Nasdaq: CSWC) and Trinity Capital Inc. (Nasdaq: TRIN), two leading internally managed business development companies, today announced that they have formed a joint venture that will invest primarily in first-out senior secured debt opportunities in the lower middle market. The joint venture will be owned equally by Capital Southwest and Trinity Capital, with each firm committing $50 milli ...

Core Viewpoint - Capital Southwest Corporation and Trinity Capital Inc. have formed a joint venture to invest primarily in first-out senior secured debt opportunities in the lower middle market [1][2]. Group 1: Joint Venture Structure - The joint venture will be equally owned by both companies, with each committing $50 million and holding a 50% equity interest [2]. - Investment and operational decisions will be managed by a board of managers with equal representation from both partners [2]. Group 2: Strategic Benefits - The joint venture is expected to enhance Capital Southwest's ability to compete for high-quality lower middle market opportunities by providing more flexible capital solutions [3]. - Trinity Capital aims to diversify its portfolio into the lower middle market and expand its managed funds business through this partnership [3]. Group 3: Company Profiles - Capital Southwest Corporation, based in Dallas, Texas, has approximately $2.0 billion in investments at fair value as of December 31, 2025, focusing on middle market businesses with investments ranging from $5 million to $50 million [4]. - Trinity Capital Inc., headquartered in Phoenix, Arizona, is an international alternative asset manager that focuses on private credit markets across five distinct lending verticals [5].

Gokongwei Family Cedes Controlling Stake In Philippine Noodle JV To Japan’s Nissin Foods https://t.co/EykYlat7EB (📸: Courtesy of JG Summit) https://t.co/QF4XGrTCb1 ...

Core Viewpoint - Entrée Resources Ltd. has filed its annual operational and financial results for the year ended December 31, 2025, highlighting ongoing developments in the Oyu Tolgoi project and the company's financial performance [1]. Group 1: Financial Performance - The company's operating loss for the fiscal year 2025 was $4.2 million, a decrease from $4.8 million in 2024, attributed to lower legal costs related to arbitration and negotiations [26]. - Operating cash outflow before changes in non-cash working capital items was $2.6 million in 2025, down from $3.3 million in 2024 [12]. - As of December 31, 2025, the cash balance was $4.3 million, and the working capital balance was $4.2 million [12]. Group 2: Oyu Tolgoi Project Updates - The Oyu Tolgoi project is expected to become the world's fourth largest copper mine by 2030, with an average production target of around 500 thousand tonnes of copper per year from 2028 to 2036 [5]. - The underground development work on the Shivee Tolgoi mining licence area was paused pending the transfer of licences from Entrée LLC to OTLLC [6]. - The Entrée/Oyu Tolgoi joint venture approved a 2025 in-fill diamond drilling program at the Hugo North Extension deposit, with approximately 8,329 meters of drilling planned [6]. Group 3: State Interest and Regulatory Developments - The Parliament of Mongolia established a Temporary Oversight Committee to investigate the State's interest in the Oyu Tolgoi Strategic Deposit, with the company participating in public hearings [6][19]. - Resolution No. 120 was approved by the Parliament, directing the Government of Mongolia to implement measures regarding the exploitation of the Oyu Tolgoi Strategic Deposit and to provide quarterly progress reports [20]. - The company is focused on resolving outstanding issues related to the State's interest in the Oyu Tolgoi Strategic Deposit, which may include a potential 34% equity participation by the State [16][18]. Group 4: Corporate Developments - The company is working towards the transfer of licences to OTLLC as part of the implementation of a partial final arbitration award in its favor [8][9]. - The company engaged with the Mongolian tax authority to confirm the calculations of the values of the licences, but faced delays in receiving confirmation [13]. - A new independent director, Mr. Chris Adams, was appointed to the Board effective January 1, 2026, following the retirement of Dr. Michael Price [12].