It’s understandable if you failed to notice one meaty if unglamorous trend on Wall Street: Private equity’s love affair with franchising.
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Friday ended with the main indices in Asia, Europe, and New York pointing down in unison, the Nasdaq even entering correction.
Luxury brands were riding the subway instead of lounging in limos this year, though a couple of brands were able to buck the trend.
As the dealmaking environment improved in 2024 thanks to the bull market and interest-rate cuts, investment bankers reaped a windfall.
Reddit went public this year and is inching towards profitability, a mere 19 years after it was founded, and the future looks bright.