While adjustable rate mortgage woes have slowed global mergers and acquisitions activity, the market still has life. The landscape is seen moving from private equity deals to smaller ones with more opportunities for strategic players.
This was one of the conclusions at a recent panel discussion held at WWD's editorial offices. The participants were: Diane D'Erasmo, executive vice president of commercial banking at HSBC; Joyce Greenberg, managing director of Financo Inc., and Rohit Manocha, managing director of Tri-Artisan Partners. Emanuel Weintraub of his eponymous consulting firm moderated the discussion, which centered on recent strategic acquisitions and the possibility of private equity players being pushed aside. The participants also talked about M&A market flow, deal volumes and the possibility of a recession looming on the horizon, as well as the impact of slowed consumer spending.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)