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The most important recent news for Hot Topic came just last week, when the company said that private-equity firm Sycamore Partners planned to buy the company for $590 million, or $14 per share ...
Hot Topic, Inc. is an American fast-fashion company specializing in counterculture-related clothing and accessories, as well as licensed music. The stores are aimed towards an audience interested in rock music and video gaming , and most of their audience ranges from teens to young adults.
Over the past 12 months, Hot Topic generated $16.8 million cash while it booked net income of $19.5 million. That means it turned 2.3% of its revenue into FCF. That doesn't sound so great.
The store's clothing styles are aimed at women. In 2005, Torrid expanded its merchandise selection to include styles distinct from its parent company, Hot Topic.Torrid sells accessories, shoes, jewelry, novelty tee shirts, fashion tops, pants, Capri pants, shorts, skirts, dresses, outerwear, intimate apparel, hosiery, gifts, and beauty products.
In 2013, Sycamore acquired Hot Topic and Torrid for $600 million. [18] In 2014, the firm acquired Coldwater Creek. The firm also acquired Jones New York in 2014, for $2.2 billion, which was then sold to Authentic Brands Group in 2015. [19] Kurt Geiger [20] which was then sold to Cinven in 2015. [21]
In 2010, Hot Topic was #1 on Forbes’ list of “Most Trustworthy Retailers” and named by Fast Company as one of the “Most Innovative Companies” in retail. McLaughlin has received a number of awards for her " think outside the box " approach to strategy and leadership, specifically the recruiting and training of a primarily young work ...
A revenue service, revenue agency or taxation authority is a government agency responsible for the intake of government revenue, including taxes and sometimes non-tax revenue. [ 1 ] [ 2 ] Depending on the jurisdiction , revenue services may be charged with tax collection , investigation of tax evasion , or carrying out audits .
Department of Revenue (India), Ministry of Finance; Department of Revenue (Tamil Nadu) Department of Revenue and Disaster Management, Haryana; Department of Revenue and Land Survey (Kerala) Department of Revenue and Agriculture and Commerce, Ministry of Agriculture