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Private Equity Moonwalks Back Into Music – US-FOREX.US
In the summer of 2007, private-equity firm Terra Firma bought ailing record label EMI for 4.9 billion, evidently hoping a program of cost-cutting and digital investments would help turn the company around. But Terra Firma ended up writing off nearly half of its investment earlier this year, a sign that even the wizards of private… »
HMV Last Man Standing – US-FOREX.US
It’s grim on the British high street: demand has dropped sharply, consumers have moved online and many players have collapsed. But British retailer HMV, which runs music, DVD and video games shops under its own name as well as Waterstone’s bookstores, managed to beat market estimates for its annual results as it gained market share… »