(BroBible.com)
Monday, July 3, 2017
A Strong Business Staple
Staples Story
Private equity firm Sycamore Partners has agreed to scoop up Staples
But maybe it’s just the right time…
Despite shares sinking from a pre-recession high of $25 and e-tailers plaguing its consumer business, the Massachusetts-based office retailer is actually running a pretty tight ship.
In 2016, Staples held a 48% share of total U.S. office supplies stores, while raking in a whopping $889 million in free cash flow. Even better? About 65% of revenue was driven by B2B sales.
And Sycamore Partners liked what it saw
After Staples’ failed merger with Office Depot (antitrust regulators struck again), Sycamore Partners is now paying a 20% premium in the biggest leveraged buyout of the year.
And it’s not just shuffling papers—here’s the three-part plan to get this baby rollin’:
(BroBible.com)
Private equity firm Sycamore Partners has agreed to scoop up Staples
(+8.41%)
for a cool $6.9 billion. An odd sign of faith in the 2017 retail
sector, when chains have been filing for Chapter 11 left and right (aka
Gymboree and Sears Canada).But maybe it’s just the right time…
Despite shares sinking from a pre-recession high of $25 and e-tailers plaguing its consumer business, the Massachusetts-based office retailer is actually running a pretty tight ship.
In 2016, Staples held a 48% share of total U.S. office supplies stores, while raking in a whopping $889 million in free cash flow. Even better? About 65% of revenue was driven by B2B sales.
And Sycamore Partners liked what it saw
After Staples’ failed merger with Office Depot (antitrust regulators struck again), Sycamore Partners is now paying a 20% premium in the biggest leveraged buyout of the year.
And it’s not just shuffling papers—here’s the three-part plan to get this baby rollin’:
- Grow the B2B delivery business
- Refocus its struggling consumer retail business
- Give its Canadian arm a helping hand
(BroBible.com)
Yes Is The Answer
Is Cadillac's BIGGEST Problem Itself? You Have To SEE This To Believe IT . . . . .
[O]ne thing that shouldn't be overlooked is Cadillac's brand. Much like Buick, perhaps that's one of the things holding the company's products back. Why else would someone take what is, arguably, the organization's most technologically advanced product to date and apply a Landau top to it?
Just a thought, but if the company was turning our sexy and interesting vehicles, would anyone even consider doing this? Is Cadillac's image one of the BIGGEST issues holding back the American luxury icon?
(AutoSpies.com)
[O]ne thing that shouldn't be overlooked is Cadillac's brand. Much like Buick, perhaps that's one of the things holding the company's products back. Why else would someone take what is, arguably, the organization's most technologically advanced product to date and apply a Landau top to it?
Just a thought, but if the company was turning our sexy and interesting vehicles, would anyone even consider doing this? Is Cadillac's image one of the BIGGEST issues holding back the American luxury icon?
(AutoSpies.com)
Some Confirmed 2018 911 GT2 RS Notes & Numbers
700 horsepower Porsche GT2 RS is the wildest 911 ever
Power comes from a highly massaged version of the 3.8-liter flat-six from the 911 Turbo S. The rear-mounted engine makes an outrageous 700 horsepower and 553 lb-ft of torque. Like we previously reported, the new car will use water injection to help keep things cool. The only transmission is Porsche's PDK. While enthusiasts may lament the loss of the manual, the RS models have always been about performance above all else. Simply put, the PDK is the better performance option. All that power translates to a 0-60 mph time of 2.7 seconds and a top speed of 211 mph.
If you want to drop any pretense of civility and comfort in the pursuit of speed, Porsche is offering a Weissach package that shaves off another 40 pounds from the already impressive wet weight of 3,241. Named after the famed Porsche test track (the 918 Spyder had a similar package with the same name), the package swaps in lightweight materials for a number of parts. The roof, anti-roll bar, and coupling rods are all carbon fiber. Magnesium wheels help reduce unsprung weight. A body-colored stripe is placed along the center of the car atop the black hood, roof, and luggage compartment.
As expected with any RS model, the new GT2 RS has been stripped down to the bare essentials inside. Red Alcantara and black leather trim comes standard. There are a number of carbon fiber trim pieces throughout. The rear seat has been replaced with a cage, providing rollover protection and improved rigidity. The Chrono Package adds some new functions to the infotainment display, a stopwatch with both analog and digital displays, and a lap trigger. The trigger can be used with the Porsche Track Precision app to set markers on tracks to record lap times.
All of this hardware doesn't come cheap. The GT2 RS is available to order with a base MSRP of $294,250 including the $1,050 delivery fee. It is the most powerful and range-topping 911, so the price isn't that much of a surprise. The Weissach package is an additional $31,000.
(AutoBlog.com)
Power comes from a highly massaged version of the 3.8-liter flat-six from the 911 Turbo S. The rear-mounted engine makes an outrageous 700 horsepower and 553 lb-ft of torque. Like we previously reported, the new car will use water injection to help keep things cool. The only transmission is Porsche's PDK. While enthusiasts may lament the loss of the manual, the RS models have always been about performance above all else. Simply put, the PDK is the better performance option. All that power translates to a 0-60 mph time of 2.7 seconds and a top speed of 211 mph.
If you want to drop any pretense of civility and comfort in the pursuit of speed, Porsche is offering a Weissach package that shaves off another 40 pounds from the already impressive wet weight of 3,241. Named after the famed Porsche test track (the 918 Spyder had a similar package with the same name), the package swaps in lightweight materials for a number of parts. The roof, anti-roll bar, and coupling rods are all carbon fiber. Magnesium wheels help reduce unsprung weight. A body-colored stripe is placed along the center of the car atop the black hood, roof, and luggage compartment.
As expected with any RS model, the new GT2 RS has been stripped down to the bare essentials inside. Red Alcantara and black leather trim comes standard. There are a number of carbon fiber trim pieces throughout. The rear seat has been replaced with a cage, providing rollover protection and improved rigidity. The Chrono Package adds some new functions to the infotainment display, a stopwatch with both analog and digital displays, and a lap trigger. The trigger can be used with the Porsche Track Precision app to set markers on tracks to record lap times.
All of this hardware doesn't come cheap. The GT2 RS is available to order with a base MSRP of $294,250 including the $1,050 delivery fee. It is the most powerful and range-topping 911, so the price isn't that much of a surprise. The Weissach package is an additional $31,000.
(AutoBlog.com)
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