Apollo news and archive

Farfetch reportedly in talks with Apollo for rescue deal

Farfetch is believed to be in talks to secure “emergency funding” from Apollo Global Management, one of several parties said to be in discussion with the struggling luxury platform. While there is seemingly an extensive selection of suitors, a deal for the NYSE-listed company is reportedly said to be “far from certain”, according to Sky News,...

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THG terminates takeover talks with Apollo

THG, the owner of LookFantastic, GlossyBox and MyProtein, has announced that it has terminated acquisition discussions with Apollo Global Management, stating that the firm had undervalued the group. The UK-based beauty and tech conglomerate initially announced it had been approached for a non-binding offer on April 17, with Apollo seeking an...

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Marks & Spencer buyout mulled by US investment giant

US investment firm Apollo Global Management is reportedly mulling a buyout of Marks & Spencer. The New York-based firm considers the British retailer’s share price to be unreasonably weighed down by the pandemic, The Sunday Times reports, citing City sources. Apollo also thinks not enough value has been attributed to the 50 percent stake Marks &...