Air Canada and Emirates have agreed to extend their strategic partnership. The 2 airlines have signed a memorandum of understanding, which will see their codeshare and loyalty partnership continued until at least 2032.“This agreement strengthens our international strategy by supporting our daily, year-round service between Toronto and Dubai and providing customers and shippers seamless connections to destinations across the Indian subcontinent, the Middle East, and Southeast Asia,” said Mark Galardo, execut ...

Core Insights - Amundi and ICG have formed a long-term strategic partnership aimed at enhancing access to private market strategies for wealth investors, leveraging each other's strengths in investment expertise and distribution capabilities [2][3][8] Company Overview - Amundi is a leading European asset manager with over €2.3 trillion in assets under management, serving 200 million clients globally [16][18] - ICG is a global alternative asset manager with approximately $125 billion in assets under management, focusing on structured capital, private equity secondaries, private debt, credit, and real assets [4][18] Partnership Details - The partnership includes a 10-year agreement where Amundi will be the exclusive global distributor for ICG's evergreen and certain other products in the wealth channel [10] - Amundi plans to acquire a non-dilutive economic interest of up to 9.9% in ICG, reinforcing the strategic nature of the partnership [9][10] - Initial focus will be on developing two European evergreen funds: a private equity secondaries fund and a private debt fund, expected to launch in the first half of 2026 [7][10] Market Opportunities - The collaboration aims to provide over 200 million individual investors access to ICG's high-performing private market strategies, specifically tailored for wealth management and retirement planning [5][8] - Amundi's expertise in structuring investment vehicles will enhance the offerings available to wealth clients, including evergreen funds and blended strategies [6][12] Strategic Goals - The partnership is designed to create significant value for both companies and strengthen their positions in the growing private markets segment [8][12] - Both CEOs emphasized the importance of delivering superior investment performance and the potential for profitable growth through this collaboration [12]

PARIS – L’Oréal has priced a 3-billion-euro triple-tranche bond to help finance part of its acquisition of Kering Beauté. The offering is composed of three parts: an 850-million-euro two-year floating-rate bond, a 1-billion-euro five-year fixed-rate bond and a 1.15-billion-euro long 10-year fixed-rate bond. More from WWD The world’s largest beauty company said that net proceeds from the notes’ issuance will be used for general corporate purposes, including to finance a part of the Kering Beauté acquisitio ...

Q2 2025 Performance - Harley-Davidson reported diluted EPS of $0.88[6] - HDMC revenue decreased by 23% year-over-year[6] - Global motorcycle shipments decreased by 28% year-over-year, primarily due to planned dealer inventory reduction[6] - Global motorcycle retail sales decreased by 15% year-over-year[6] - Global dealer inventories decreased by 28% compared to Q2 '24[6] - The cost of new or increased tariffs implemented in '25 was $13 million in Q2 '25[6] - HDFS operating income margin was 27.1%[6] HDFS Transaction - Strategic partners valued the HDFS business at approximately 1.75x post-transaction book value[7] - HDFS will sell approximately two-thirds of HDFS future retail loan originations at a premium on an annual basis for five years[7] - The transaction unlocks $1.25 billion in discretionary cash, representing approximately 40% of current Harley-Davidson market capitalization[7] - HDFS has agreed to sell over $5 billion of existing gross consumer retail loan receivables and residual interests in securitized consumer loan receivables at a premium[7]

Core Insights - Comvest Partners has completed a strategic partnership involving the sale of a 75% interest in Comvest Credit Partners to Manulife Financial Corporation [1] Group 1: Transaction Details - The transaction involves Comvest Credit Partners, which is Comvest's direct lending investment platform [1] - Manulife Financial Corporation operates through its Global Wealth and Asset Management segment, which manages over US$900 billion [1] - Comvest Private Equity, another platform of Comvest, is not included in this transaction [1]

Core Insights - Allison Transmission has expanded its global network of authorized service providers, particularly in Poland, to support cross-drive transmissions for defense applications [1][3][4] - The partnership with Wojskowe Zakady Motoryzacyjne (WZM) allows for local maintenance and overhauls of key combat systems, enhancing national defense capabilities [3][4] - The company aims to improve operational readiness for defense vehicles by reducing the need for transoceanic shipments and facilitating local servicing [4][5] Company Expansion - Allison Transmission is the largest manufacturer of medium- and heavy-duty fully automatic transmissions, with a presence in over 150 countries [7] - The company has approximately 1,600 independent distributors and dealers worldwide, which supports its strategy of local service provision [5][7] - The expansion of the Authorized Network is a response to customer demand for nearby service and support capabilities [5] Strategic Partnerships - The agreement with WZM complements existing service capabilities in Poland, enhancing local support for wheeled and tracked vehicles [3][4] - Allison's focus on local servicing and training aims to decrease costs and downtime for customers [4][5] - The company has introduced similar service capabilities in various countries over the past two years, with plans for further expansion [5]

Core Insights - Zoomd Technologies Ltd. has entered into a strategic partnership with E2-Quadrat communications GMBH, enhancing its position in the digital marketing sector for the sports and betting industry [1][2][5] - The partnership aims to leverage Zoomd's user acquisition technologies and performance marketing expertise to benefit E2's clients globally [2][4] Partnership Details - The partnership follows a successful proof of concept (POC) that demonstrated synergies between E2's industry expertise and Zoomd's technology-driven marketing approach [3] - E2 will integrate Zoomd's user acquisition services, including campaign optimization tools and real-time analytics, into its offerings for clients [4] - The collaboration is expected to drive measurable growth and enhance customer acquisition for sportsbook operators in key global markets [4][5] Strategic Goals - The partnership aligns with Zoomd's strategy to expand its impact in high-growth verticals and diversify its customer base [5] - Initial integrations have begun, with broader campaigns planned for rollout in select markets over the coming months [5]

Sagittarius Mines, the company behind the Tampakan copper-gold project in the Philippines, is actively searching for a strategic partner to assist in its development. The company's CEO, Roy Deveraturda, has expressed interest in a partner that can provide "modern technology" to support the project's advancement, reported Bloomberg. The Tampakan copper-gold project is set to become the Philippines' largest gold and copper mine. Situated on the southern Mindanao Island, it is expected to produce approximat ...

Core Insights - The sale of Kering Beauty to L'Oréal for 4 billion euros marks a significant strategic shift for Kering and strengthens L'Oréal's position in the beauty and wellness sector [1][3] Group 1: Transaction Details - The agreement includes the acquisition of the House of Creed, which accounts for approximately 93% of Kering Beauty's sales [6] - L'Oréal will gain a 50-year exclusive license for Gucci's fragrance and beauty products, starting after Kering's current license with Coty Inc. expires in 2028 [2] - The partnership also encompasses a 50-year exclusive license for Bottega Veneta and Balenciaga, effective upon transaction closure, expected in the first half of 2026 [3] Group 2: Market Reaction - Following the announcement, L'Oréal's stock rose by 0.6% to 392.90 euros, while Kering's stock increased by 3.6% to 320.55 euros [4] - Analysts expressed surprise at Kering's shift away from its in-house beauty strategy, which had previously aimed to replicate the success of Kering eyewear [4] Group 3: Financial Implications - Citi estimates that the transaction will lead to a high single-digit percentage reduction in Kering's FY26E EBIT and a mid-single-digit percentage decrease in EPS [5] - Kering's financial leverage is projected to improve to about 1.5 times net debt to EBITDA, down from approximately 2.5 times, which is viewed positively given past concerns over elevated financial leverage [5]

Core Insights - PubMatic (PUBM) has formed a strategic partnership with MNTN (MNTN) to enhance access to premium Connected TV (CTV) advertising for performance-focused marketers [1] - The partnership aims to address the substantial advertiser demand that has not yet engaged with CTV due to inadequate infrastructure [1] - The collaboration is expected to provide advertisers with the same level of data, control, and accountability that they experience in other digital advertising channels like search, social, and display [1] Group 1 - The partnership is designed to enable performance-focused marketers to access high-quality streaming environments through PubMatic's direct connections with premium publishers [1] - MNTN's COO, Chris Innes, emphasized that the revenue growth observed by publishers validates the effectiveness of this approach for all stakeholders involved [1] - Nicole Scaglione, VP of CTV at PubMatic, noted that the model not only supports sustainable revenue growth for publishers but also meets the premium brand-safe environment and accountability needs of advertisers [1]