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The Restaurant Group To Slash 125 UK Locations

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based The Restaurant Group , which serves up casual dining, reportedly plans to close 125 locations. According to the Financial Times , The Restaurant Group will use a “company voluntary arrangement” — which allows businesses to renegotiate debts with creditors. All told, the group could be left with 160 locations.

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Simon Property Group Looks To Raise $300 Million For Shell Company

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Mall owner Simon Property Group has formed a “blank check” company to go on the hunt for “a company or assets with significant growth potential and prospects.” Simon owns such properties as the upscale Copley Place in Boston. The new company will be a special purpose acquisition company (SPAC) called Simon Property Group Acquisition.

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The Shelby Group, Equiteq Team Up On Investment

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Mergers and acquisitions (M&A) advisory firm Equiteq announced that it advised The Shelby Group , an eProcurement transformation and optimization consulting firm, on a recent growth investment from Boston-based private equity firm WestView Capital Partners , according to a press release.

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Private Equity Firm Advent To Buy 75 Pct Stake Of UK Parcel Deliverer Hermes In $1.3B Deal

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Boston-based Advent International , a global private equity firm focused on overseas buyouts, has purchased a stake in the United Kingdom’s parcel delivery group Hermes for 1 billion euros ($1.3 But the firm said it cannot predict how a global economic downturn would impact consumer spending or how badly it could hurt its operations.

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Today In Payments: Apple Eases Streaming App Commissions; Softbank Abandons WeWork Deal

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In today’s top news, Apple will end its practice of taking a commission from streaming platforms operating on its devices, and Softbank pulled out of its $3 billion deal to purchase WeWork. Plus, the Boston Federal Reserve Chief said the U.S. Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’.

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Top News In Payments: Visa To Begin New Certification Program; Circle Co-Founder To Depart Firm

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Also, the co-founder of Boston-based payments firm Circle will step down from his co-CEO role at the end of the month. And Uber has debuted a group ordering option. The co-founder of Circle, a Boston-based payments firm, will step down from his co-CEO role at the end of the month. Uber Eats Introduces Group Ordering.

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CEO Atul Gawande Takes New Role At Haven Heathcare Joint Venture

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Atul Gawande will resign as Haven’s CEO to serve as chairman of its board of directors, the Boston-based organization announced on Wednesday (May 13). Another executive hire was involved with litigation with UnitedHealth Group Inc.’s Former COO Jack Stoddard resigned in 2019 after less than a year in that role. s Optum unit.

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