CVC

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Formula 1 Execs Floored by Chief's Hitler Praise

Calls for boycott after Bernie Ecclestone hails Hitler for 'getting things done'

(Newser) - Executives from the firm that owns Formula One are scrambling to do damage control after their racing boss praised Adolf Hitler as a man who could "get things done." When told the World Jewish Congress was calling for his resignation, billionaire Bernie Ecclestone, 78, also said it was... More »

British Firm Bags Samsonite for $1.7B

Private equity group gets in on American buyout frenzy

(Newser) - CVC Capital, a British private equity firm, has bought out Samsonite, the American luggage line, in an all-cash deal worth $1.7B, BBC reports. CVC will pay $1.49 a share--12% more than the stock was worth Tuesday. Samonsite has had five owners in the last 21 years, as luggage... More »

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