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11.06.25 - 19:24
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Generational Group Advises Stout′s ACE Hardware in its Sale to ACE Mt. Washington, LLC (Business Wire)
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DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of Stout's ACE Hardware to ACE Mt. Washington LLC, operated by Mafaz Ansar, a local entrepreneur and the managing member of Ansar Properties, LLC. The acquisition closed May 22, 2025.
Based in Mount Washington, Kentucky, Stout's ACE Hardware (Stout's Feed Store), founded around 1929, has been a staple of Mt. Washington life for nearly a century. In the 1980s, Stout's joined the ACE Hardware family, evolving into a dependable, locally operated hardware destination for the fast-growing region. Its reputation for customer service and community support has helped it thrive through decades of economic change and regional growth.
The buyer, Mafaz Ansar, is no stranger to the ACE brand. He currently owns and operates ACE Hardware Radcliff, a successful location known for blending local values with national-brand standards. With the acquisition of the Mt....
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06.06.25 - 07:15
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Indonesia's GoTo Financial Infra Migrates to Alibaba Cloud (AAStocks)
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Alibaba Cloud announced that the infrastructure of GoTo Financial, a financial services platform belonging to Indonesian tech company GoTo Group, has successfully migrated to Alibaba Cloud's data center in Jakarta, Indonesia.GoTo Financial owns the popular Indonesian payment solution platform GoPay. This migration to Alibaba......
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14.05.25 - 15:06
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ACE HARDWARE REPORTS FIRST QUARTER 2025 RESULTS (PR Newswire)
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Record first quarter revenues of $2.2 billion, an increase of 4.2 percent First quarter net income of $30.3 million Accrued patronage dividend to shareholders of $61.6 million Ranked #1 in home improvement on Forbes' 2025 Best Customer Service List Ranked the #5 best franchise in the......
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13.11.24 - 15:08
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ACE HARDWARE REPORTS THIRD QUARTER 2024 RESULTS (PR Newswire)
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Record third quarter revenues of $2.4 billion, an increase of 2.8 percent Third quarter net income of $99.0 million, a decrease of 23.8 percent Ace ranked fifth largest U.S. based franchise system by Franchise Times for the third consecutive year Ace named to the World's Best Companies of......
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13.10.24 - 16:24
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Indonesia Asks Apple, Google To Block Temu (ZeroHedge)
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Indonesia Asks Apple, Google To Block Temu
Authored by Catherine Yang via The Epoch Times (emphasis ours),
Indonesia's communications minister said on Oct. 11 that the nation had asked Google and Apple to block Temu from their app stores in a bid to protect small businesses.
In this photo illustration, the Temu logo is displayed on a laptop. Photo Illustration by Justin Sullivan/Getty Images
Temu, a China-based, ultra-low-price e-commerce app, currently operates in only a few Southeast Asian countries. Globally, it's available in 79 countries. According to a Momentum Works report, its 2023 gross market value was just $100 million in Southeast Asia compared to $16.3 billion in the United States.
In the United States, it has come under fire for links to forced labor. The Chinese Communist Party's (CCP's) persecution of Uyghurs and other ethnic minorities in Xinjiang, where about 90 percent of the country's cotton comes from, is known to involve forced labor.
Google, Apple, and Temu did no...
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