Retailers are getting back to business after the recession and showing stronger earnings, making them attractive targets for private equity investors — and each other.
Continue reading Spring Is in the Air for…
News that Jo-Ann Stores has agreed to be acquired by an affiliate of private-equity firm Leonard Green & Partners for about $1.6 billion has sent shares of the craft retailer soaring 33% in premarket trading.
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Fund manager Neil Hennessy believes investors should target retail stocks that are likely to thrive in slow-growth economic conditions — but which also stand to benefit when the economy picks up again. Here are some of his fav…