Legendary Entertainment, the studio behind blockbusters such as “Dune” and “The Dark Knight,” has sold a minority stake to private-equity firm Apollo Global Management for $760 million, the companies announced on Monday. The deal comes as billions of dollars in private-equity money are going towards acquiring and investing in Hollywood studios amid a boom in demand for streaming content. If...
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How Stitch Fix Fumbled a Make-or-Break Pivot
Stitch Fix planned to revive sales growth by turning its original strategy on its head. Inside the company, there were warning signs that the effort would struggle. The retailer, which is best known for sending customers five-piece boxes of clothes and accessories picked out by stylists, hoped to broaden its appeal by using algorithms to recommend items for people to buy directly online. But a...
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