Springer Nature looks to raise €1.2bn in IPO

Time Inc. announced the sale of SUNSET to Regent L.P., a Los Angeles–based private equity firm led by investor Michael Reinstein. Based in Oakland, California, SUNSET is the defining lifestyle brand of the modern American West, with coverage that includes travel, food, wine, home and garden across its monthly print publication, digital and social platforms, books, events and experiences. The storied brand, which was founded in 1898, has been a forum for literary giants like Jack London, Dashiell Hammett and Sinclair Lewis, a showcase for transformational architecture and design, and a launching pad for the modern environmental movement through its early affiliation with conservationist and Sierra Club founder John Muir. “As a native Californian, I am honored to take the mantle as the fourth owner of this iconic and beloved institution. For almost 120 years SUNSET has been the definitive, pioneering voice of the promise, hope, values and innovative spirit of the West,” said Michael Reinstein, Chairman, Regent L.P. “We are excited to partner with SUNSET’s talented Editor-in-Chief Irene Edwards and her accomplished team to ensure that SUNSET continues to thrive for generations to come.” Click Read More below for additional information.

The Postal Regulatory Commission unveiled its 2023-2028 Strategic Plan. The Plan is robust and resilient, allowing the Commission to anticipate changes to the postal system and to adapt as necessary to ensure transparency and accountability of the United States Postal Service. The four Strategic Goals identified encompass the Commission’s priorities and strategic focus throughout 2023-2028: Strategic Goal 1: Anticipate and adapt to an evolving postal system through a responsive and trusted regulatory framework. Strategic Goal 2: Enhance and expand communication of accurate and relevant regulatory information to postal stakeholders, policymakers, and the general public. Strategic Goal 3: Develop an internal infrastructure to support and strengthen our regulatory capabilities through adaptive policies, efficient processes, and scalable platforms. Strategic Goal 4: Build an organization that will attract, develop, and retain a diverse workforce of experts.

Costco Wholesale Corporation reported net sales of $22.86 billion for the retail month of June, the five weeks ended July 2, 2023, an increase of 0.4 percent from $22.78 billion last year. For the forty-four weeks ended July 2, 2023, the Company reported net sales of $196.93 billion, an increase of 4.6 percent from $188.34 billion during the similar period last year.