The investment firm that owns Les Schwab Tire Centers is exploring options including a sale of the tire retail chain that could value it at more than $7...
NEW YORK - The investment firm that owns Les Schwab Tire Centers is exploring options including a sale of the tire retail chain that could value it at more than $7 billion, including debt, people familiar with the matter said on Thursday.
Bend, Oregon-based Les Schwab Tire could command a valuation equivalent to around 15 times its earnings before interest, taxes, depreciation and amortization of about $500 million, the sources said. Les Schwab Tire, which sells tires, other auto parts and offers auto services, is one of the largest tire retailers in the United States along with retailers like Mavis Tire and Discount Tire, which are also privately held.
Missouri voters have once again passed a constitutional amendment requiring Kansas City to spend at least a quarter of its budget on police, up from 20% previously.MEXICO CITY — Analysts expressed shock Thursday at a decision by Mexico’s central bank to cut interest rates on the same day that official figures showed a sharp rise in domestic inflation. Almost without exception, central banks raise interest rates to make money more expensive, in order to discourage price increases.
Private Equity Firms Mavis Tire Goldman Sachs Tire Retailers Meritage Discount Tire Renaissance Technologies Tire King Tire Retailer
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