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In 2004, the company purchased luxury department store chain Barneys New York for $400 million, and sold it, in September 2007, to Dubai-based investment firm Istithmar for $942.3 million. In December 2013, Sycamore Partners , which is managed by Stefan L. Kaluzny, purchased the Jones Group for about US$ 2.2 billion.
[2] [3] [4] Kim has been profiled in publications including The New York Times and hailed as "Apple Rumor King" owing to his work on MacRumors. [2] [5] The company's headquarters are located in Glen Allen, Virginia, but the editorial staff work remotely from around the world. [3] Eric Slivka is the site's editor-in-chief. [6]
The building served as the global headquarters for the original News Corporation, founded by Australian-born businessman Rupert Murdoch in 1980. It continues to serve as the headquarters for subsequent spin-offs Fox Corporation (2019–present) and the present-day News Corp (2013–present), and until 2019, 21st Century Fox (2013–2019).
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Cohen was raised in a Jewish family [3] in Harrison, New York. [1] He is the son of Gloria and Sherman Cohen and nephew to Eddie and Mortimer Cohen. [4] In the 1950s, the Cohen brothers (Eddie, Mortimer, and Sherman Cohen) founded Cohen Brothers Realty & Construction Corporation [4] after successfully running various other businesses prior.
In 1972, the company sold its tool business to investors via an initial public offering as a new entity named Hughes Tool Company. [1] [2] At that time, the parent company changed its name to Summa Corporation. [2] The name "Summa", Latin for "highest", was allegedly chosen by several of Hughes's employees without consulting him first.
Paramount's M&A rumor mill. Paramount has long been viewed as a potential acquisition target due to its small size relative to competitors. The company boasts a current market cap of just about ...