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The grandson of President John F. Kennedy this week savaged his presidential-candidate cousin, Robert F. Kennedy Jr., in a series of mocking, meant-to-be-funny videos that were, inarguably, uncharacteristically un-Kennedyesque, escalating a civil war within America’s most storied political dynasty. In a series of Instagram posts, the grandson, Jack Schlossberg, 31, variously called Mr. Kennedy, 70, a “prick,” suggested he was using steroids, said he was “lying to us” and portrayed him as a Russian stooge and a stalking horse for Donald J. Trump. But what viewers may be more struck by, or even insulted by, are the heavily accented caricatures the young scion used to dramatize his points. He impersonates a Massachusetts fan of the Kennedys named Jimmy, sounding like Ben Affleck in a Dunkin’ Donuts commercial.
Persons: John F, Kennedy, Robert F, Kennedy Jr, Jack Schlossberg, , Donald J, Ben Affleck Organizations: Trump, Kennedys Locations: America’s, Russian, Massachusetts
But some of the details Daniels described were so explicit that Judge Juan Merchan cut her off at several points. “How can we come back from this in a way that’s fair to President Trump?” Blanche challenged. “Am I correct that you hate President Trump?” Necheles asked“Yes,” Daniels said. “It’s also cost me a lot of money,” Daniels responded. “You are looking to extort money from President Trump,” Necheles asked.
Persons: Stormy Daniels, Donald Trump, Daniels, Trump, Juan Merchan, Merchan, , Michael Cohen, Susan Necheles, ” Trump, , Trump “, didn’t, ” Daniels, Kaitlan Collins, Gina Rodriguez, Rodriguez, , Peggy Peterson, David Dennison, Cohen, Jimmy Kimmel, she’s, Susan Hoffinger, Judge, Todd Blanche, Blanche, ” Blanche, CNN Hoffinger, ” Merchan, Necheles didn’t, ” Necheles, “ You’ve, Necheles, “ I’ve, “ It’s, Keith Davidson Organizations: CNN, Trump, AMI, Defense Locations: Trump’s, Las Vegas
The suits were brought not by women seeking an out-of-state abortion but rather by groups that intend to help them. Collectively, he wrote, the groups receive as many as 95 inquiries each week asking about the availability of out-of-state abortions. Even before the Supreme Court overturned Roe in 2022, abortion rights groups warned that some states might attempt to limit out-of-state travel for the procedure. “This is the world Dobbs created – one of intense interstate conflict.”The Supreme Court’s majority opinion in Dobbs didn’t deal with out-of-state travel. “For example, may a state bar a resident of that State from traveling to another state to obtain an abortion?
Persons: Roe, Wade, Steve Marshall, Myron Thompson, ” Thompson, Thompson, Jimmy Carter, ” Thomson, , Marshall, , Temple University Beasley School of Law Dean Rachel Rebouché, Dobbs, Brett Kavanaugh, ” Kavanaugh, Alison Mollman Organizations: CNN, Republican, Fund, Alabama, Jackson, Health Organization, Temple University Beasley School of Law, and Drug Administration, American Civil Liberties Union Locations: Alabama, California, Dobbs v, United States . Alabama
Biden faces widening partisan split over Israel
  + stars: | 2024-05-06 | by ( Ronald Brownstein | ) edition.cnn.com   time to read: +17 min
CNN —President Joe Biden is facing more critical moments this week that will test his fraught relationship with his base over Israel’s war in Gaza and potentially widen the partisan split about the Jewish state that has been building for years. Against this backdrop, partisan polarization about Israel among American voters was already widening years before the brutal Hamas attack last October and the devastating Israeli response it triggered. An array of polls this spring show how the war in Gaza has hardened this partisan split. Nearly half of Democrats, but only a little over one-fifth of Republicans in the CBS poll, said the US should pressure Israel to stop the fighting. “Biden has a Democratic caucus that is putting a lot of faith in this process,” she said.
Persons: Joe Biden, Long, Benjamin Netanyahu, Netanyahu, , , Aaron David Miller, Biden, Harry Truman, Lyndon B, Johnson, Jimmy Carter, Bill Clinton, Dwight Eisenhower, Richard Nixon, Ronald Reagan, George H.W, Bush, Reagan, George W, Donald Trump, Clinton, Barack Obama, Republicans —, Obama, Israel, Biden —, Gallup, Trump, That’s, Chuck Schumer, Mike Johnson, Biden’s, Jamaal Bowman, Cori Bush, Waleed Shahid, Shahid, David, it’s Goliath, David ”, Miller, “ Biden, ’ ”, Ben Rhodes, ” Biden, “ We’re, Saudi Arabia — “, Mark Mellman, Schumer, Sen, Bernie Sanders, Israel’s, Chris Murphy of, Chris Van Hollen, Chris Coons, Tim Kaine, Virginia, Van Hollen, Amanda Klasing, Organizations: CNN, Israel, Republican, Democratic, Gallup Organization, Carnegie Endowment, International Peace, Holocaust Memorial, GOP, Whites, Republican Party, Republicans, Gallup, Trump, Chicago Council, Global Affairs, Quinnipiac University, CBS, Liberal, American Israel Public Affairs Committee, AIPAC, National Security Council, Amnesty International, Amnesty Locations: Gaza, Israel, United States, Iran, Quinnipiac, Washington, New York, Missouri, Yom Kippur, Saudi Arabia, Sens, Chris Murphy of Connecticut, Maryland, Delaware, Rafah
MrBeast is hitting the brakes on his relationship with his talent-management company, Semafor reported. Talent firm Night Media has been working with the superstar YouTuber for six years. Two sources told Semafor that Night would "no longer be his primary talent management agency." AdvertisementSuperstar YouTuber MrBeast and his talent-management company, Night Media, are growing apart, according to a new report from Semafor. At the same time, MrBeast's empire has continued to expand: the YouTuber told Time earlier this year he makes between $600 and $700 million in revenue a year.
Persons: Semafor, YouTuber, , YouTuber MrBeast, Jimmy Donaldson, Donaldson, Reed Duchscher, Reed, Duchscher, Safiya Nygaard, It's, Kai Cenat, He's, Burger, Beast, Preston Arsement, Charli D'Amelio Organizations: Media, Service, Night Media, Bloomberg, Beast Investments, Amazon Prime Locations: Semafor, Texas, Feastables
Text messages shown in Donald Trump's hush-money trial reveal attorneys' struggles to manage Stormy Daniels. Michael Cohen, Trump's ex-attorney, appeared frantic in messages after the hush-money story broke in 2018. Minutes later Cohen texted Davidson, "Please call me," before he again texted, "Cmon!" Advertisement"Why is she going on Kimmel after the Sotu," Cohen texted Davidson days earlier. "She just denied the letter," Cohen texted Davidson at the time.
Persons: Donald Trump's, Stormy Daniels, Michael Cohen, Trump's, Cohen, Daniels, , Keith Davidson, Davidson, Trump, Drew Angerer, Davidson texted Cohen, Cohen messaged Davidson, Stephanie Clifford —, Sean Hannity's, Davidson texted, Cohen texted Davidson, texted, Eduardo Munoz, Let's, Cohen backtracked, Michael Cohen's, Jane Rosenberg Davidson, Kimmel, Jimmy Kimmel, Cohen messaged, Gina Rodriguez, Gina Organizations: Prosecutors, Trump, Service, Street, Sean Hannity's Fox, Manhattan, REUTERS, Attorney's Locations: Los Angeles, LA, Manhattan, NY
Davidson testified on Thursday that "an extremely strict reading of this statement would technically be true" based on how he would parse "affair," "romantic," and "and/or." Asked by Steinglass whether "there was a sexual encounter" between Daniels and Trump, Davidson said he believed there was. Related storiesDavidson also said the statement's denial of rumors that Daniels "received hush money" from Trump was also true, because he "would never use that word." Advertisement"There wasn't hush money. Cohen worked at all hours trying to keep the narrative under control, sending text messages "with little regard for my schedule," Davidson testified.
Persons: , Keith Davidson, Stormy Daniels, Donald Trump —, Joshua Steinglass, Davidson, Daniels, Michael Cohen, Davison, Donald Trump, Trump, reimbursements, Cohen, MARK PETERSON, Dylan Howard, Jimmy Kimmel, Marilyn Monroe, Hollywood Roosevelt Organizations: Service, Trump, Business, Manhattan, Attorney's, Manhattan Criminal, Getty, National Locations: New York City, Hollywood
CNN —Ryan Gosling says Burt Reynolds once had a crush on his mom. ‘Frankenstein and Me,’” as Kimmel mentioned the movie role that Gosling took at around “13 or 14” years old. “It’s complicated,” Gosling told Kimmel of his time with Reynolds. It was like I was getting like a secondary shine. Kimmel joked back, “You could have been Ryan Reynolds had that worked out.”“This close,” Gosling laughed.
Persons: CNN — Ryan Gosling, Burt Reynolds, , Guy ”, Jimmy Kimmel, Reynolds, ” Gosling, Donna, ” Ryan Gosling, Mandi Gosling, Donna Gosling, Valerio Attanasio, Mike Coppola, “ I’m, ’ ”, Kimmel, Gosling, , ’ ” Kimmel, Ryan Reynolds Organizations: CNN
CNN —The sight of Tiger Woods wearing a red top and black trousers as he strode down the 18th fairway with throngs of adoring spectators following close behind is the stuff of sporting folklore. The color combination was Woods’ go-to outfit for the fourth and final day of a tournament, which regularly ended with him adding another trophy to his ever-expanding collection. “My mom thought, being a Capricorn, that [red] was my power color, or some BS thing like that, so I end up wearing red and end up winning some golf tournaments,” the 15-time major winner told Fallon. “It’s about athletes being first and designing something for the athlete so that we can perform at a higher level,” Woods said. Woods speaking to Jimmy Fallon on "The Tonight Show Starring Jimmy Fallon."
Persons: Tiger Woods, strode, Woods ’, Woods, Earl, Jimmy Fallon, Kultida, Fallon, , ” Woods, Todd Owyoung, Charlie, Verne Lundquist’s, ” Fallon Organizations: CNN, Nike, Sun, Riviera Country, NBC
Seinfeld remains a comedy legend. Amy Sussman/Getty ImageSeinfeld returned to New York and his stand-up comedy roots when the show ended in 1998. He chronicled his post-"Seinfeld" tour in the Emmy-nominated 1998 HBO comedy special "I'm Telling You for the Last Time." The streamer also struck a deal with Seinfeld for two stand-up specials and the development of scripted and unscripted comedy programming. "Jerry Before Seinfeld" was released on September 19, 2017, and "23 Hours to Kill" — his first original stand-up special in 22 years — premiered on May 5, 2020.
Persons: Seinfeld, Jerry Seinfeld, Amy Sussman, Getty, Dave Chappelle, Ellen DeGeneres, Jimmy Fallon, David Letterman, Barack Obama, Jerry, Organizations: HBO, Netflix Locations: New York
The comedian and his wife, Jessica Seinfeld, have spoken about their children many times over the years. Most recently, the whole family attended the Los Angeles premiere of "Unfrosted," Seinfeld's feature film directorial debut. Sascha Betty Seinfeld, 23, is the eldest childSascha Seinfeld and Jerry Seinfeld attend the "Daughters" premiere during the 2024 Sundance Film Festival in Park City, Utah. Julian Kal Seinfeld, 21, is the middle siblingFrom left: Julian Seinfeld, Jessica Seinfeld, Shephed Seinfeld, Jerry Seinfeld, and Sascha Seinfeld at the "Unfrosted" premiere at the Egyptian Theatre in Los Angeles on April 30, 2024. Shepherd Kellen Seinfeld, 18, is the couple's youngest childFrom left: Julian Seinfeld, Jessica Seinfeld, Shephed Seinfeld, Jerry Seinfeld, and Sascha Seinfeld at the "Unfrosted" premiere at the Egyptian Theatre in Los Angeles on April 30, 2024.
Persons: , Jerry Seinfeld, he's, Seinfeld, Jessica Seinfeld, Sascha Betty Seinfeld, Sascha Seinfeld, Mat Hayward, Sascha, Jessica, Amy Schumer's, Amy Schumer, Jerry, she's, Julian Kal Seinfeld, Julian Seinfeld, Shephed Seinfeld, FREDERIC J . BROWN, Julian, Kevin Durant, Shepherd Kellen Seinfeld, Shepherd, Jimmy Fallon Organizations: Service, New Yorker, Business, Los Angeles, Getty, Duke University, CBS, Egyptian Theatre, Culture Fieldston School, NBA Locations: Park City , Utah, New York, Los Angeles, AFP
It was the most times she had mentioned Trump at an event so far this year, according to a Biden campaign official. She also mentioned how abortion bans like the one going into effect in Florida on Wednesday threaten medical providers with criminal prosecution. “Donald Trump stripped away the rights and freedoms of women in America,” Biden said in Tampa. In remarks last month from Tucson, Arizona, she issued a blistering rebuke of the state’s Civil War-era ban while warning a second Trump term could see a possible federal abortion ban. “Part of a full-on attack, state by state, on reproductive freedom – and we all must understand who is to blame.
Persons: Kamala Harris, Biden, ratchets, Donald Trump, Harris, needled Trump, Trump, ” Harris, , Roe, Wade, Trump’s, ” Trump, , Joe Biden, Fentrice Driskell, ” “, don’t, ” Driskell, it’s, Tampa –, “ Donald Trump, ” Biden, Jimmy Carter, , Julie Chavez Rodriguez, Nikki Fried, ” Fried Organizations: Florida CNN —, Biden White House, Biden, CNN, Tampa, Republicans, Democratic, Duval County, Jacksonville, Trump, Democrats, Democratic Party, Mar, Florida Democratic Locations: Jacksonville, Florida, America, Tampa, Duval, Duval County, Trump, Tucson , Arizona, Arizona, New York, North Carolina , Pennsylvania, Los Angeles , Nevada , Wisconsin, Georgia, Gainesville , Miami, Orlando, Lago, Palm Beach
Barbra Streisand asked Melissa McCarthy on Instagram whether she used Ozempic. Stars including Amy Schumer and Chelsea Handler have been open about using the buzzy weight loss drug. AdvertisementBarbra Streisand asked Melissa McCarthy if she used Ozempic to lose weight on Instagram, sparking a backlash from fans. While many fans praised the pastel green outfit McCarthy wore at the event, Streisand made a surprising remark about her weight loss. Celebrities including Elon Musk, Amy Schumer, and Chelsea Handler have all been open about using such weight loss drugs to slim down.
Persons: Barbra Streisand, Melissa McCarthy, Amy Schumer, Chelsea Handler, , McCarthy, Adam Shankman, Matthew Bourne, Streisand, , b0eNUtm7xK, Barbara, Ozempic, Elon Musk, Jimmy Kimmel's, wasn't Organizations: Service, Center Theatre, Business, Celebrities, Hollywood Locations: Los Angeles
Port-au-Prince, Haiti CNN —Vitel’homme Innocent’s picture on the FBI’s “Ten Most Wanted” list of fugitives suggests a crazed man – eyes wide and wild, teeth bared. But the man on the gold sofa preferred to talk about a brighter future – one that he claims Haiti’s gangs are prepared to usher in. Abandoned cars on the road between the US Embassy and the Kraze Baryé stronghold in Port-au-Prince, Haiti, on April 28, 2024. Kraze Baryé employs around 100 men and women, according to Innocent’s lieutenant and cousin, the bleach-blond Dezod Augustin, 34. But Haiti’s gangs maintain they deserve a seat at the negotiating table.
Persons: Haiti CNN —, Innocent, Evelio Contreras, , ” Innocent, de, , Kraze Baryé, , Viv Ansanm, Ariel Henry, Henry, Kraze, “ It’s, ’ Marie, Lucie Bonhomme Opont, Pierre, Louis Opont, territoire perdue, Opont, , Jimmy Chérizier, Robin Hood, Sanjou, Dezod Augustin, Gedeon Jean, Prince, Baryé, Delmas, Antony Blinken, Haiti Dennis Hankins, Rick Barton, Haiti’s, CNN Jean, Henry’s, Jean, CNN’s Rachel Clarke Organizations: Haiti CNN, CNN, Haiti’s, Prince, de Mars, United Nations, Haitian National Police, , Kenya, Haiti’s National Police, CARICOM, US Embassy, Security, , Washington, US, UN, Fund, Federal Bureau of, State Department Locations: Prince, Haiti, Tabarre, Haiti’s, Port, balaclavas, Haitian Creole, Haitian, Nairobi, , Canada, United States, Kraze Baryé, American, France, Kenya, Bahamas, Bangladesh, Barbados, Benin, Chad, Jamaica, it’s, Atlanta
We are out of balance because we don't see beyond the binaries, we don't see how no matter the gender, feminine and masculine exist within each of us. He taught me masculine thingsOn a camping trip when I was 4 years old, Dad sat with his friend while I played with his friend's 3-year-old son. "Stand up for yourself," Dad urged with his eyes, and when I didn't, the boy hit me again and again. When I looked at Dad the third time, he said, "Hit him on the damn nose!" Dad was deliberate in fostering the masculine in his daughters, and he wasn't the only source of that messaging.
Persons: , Dad, Jimmy Stewart Organizations: Service
Advertisement"We have lawsuits in 81 states right now," Trump told Bolling. "Maybe there are 81 states in the future and she's a time traveler," an X user named Mike Freeman said in a post. AdvertisementLate-night host Jimmy Kimmel couldn't resist mocking Lara Trump either when he referenced the moment in his monologue on Wednesday night. "In 81 states! Last week, she fired back when a viewer questioned her intellect on her podcast, "The Right View with Lara Trump."
Persons: , Lara Trump, — who's, Donald Trump's, Eric —, we're, Eric Bolling, Jocelyn Benson, Trump, Bolling, 3vZ8mRYvgE —, Mike Freeman, Jimmy Kimmel, they're, Kimmel, Donald Trump, Michael Whatley, Lara, MAGA, hasn't, Lara Trump's Organizations: Service, Republican National, RNC, Business, South Virginia ., North, North Carolina GOP Locations: Tennessee, . West Dakota, South Virginia, South Virginia . Indiana, North Carolina
Welcome to Best of Late Night, a rundown of the previous night’s highlights that lets you sleep — and lets us get paid to watch comedy. Here are the 50 best movies on Netflix right now. Taking StockFormer President Donald Trump is set to receive an additional stake in his social media company after Truth Social’s stock price stayed high and hit certain benchmarks. The additional shares were valued at about $1.3 billion. “It’s nice when good things happen to good people, isn’t it?” Jimmy Kimmel joked on Wednesday.
Persons: Donald Trump, Jimmy Kimmel Organizations: Netflix
CNN —Emma Stone is setting the record straight about her viral reaction to a joke made at this year’s Oscars by host Jimmy Kimmel. “I didn’t call him a p—k,” she told the Hollywood Reporter in an interview published on Wednesday. I’ll have to look that up.”Throughout the Oscars telecast, a montage of scenes from each of the 10 best picture-nominated films was shown. After the “Poor Things” clip played, Kimmel joked that “those were all the parts of ‘Poor Things’ that we’re allowed to show on TV,” seemingly in reference to the graphic and sexual nature of the R-rated film. Lanthimos and Stone previously worked together on 2018’s “The Favourite” prior to “Poor Things,” and are teaming back up for “Kinds of Kindness,” coming out on June 21.
Persons: Emma Stone, Jimmy Kimmel, Stone, Oscar, , , Kimmel, Dave McCary, Nathan Fielder, ” Stone, Bella Baxter Organizations: CNN, Hollywood, year’s Locations: , La
MrBeast is set to surpass T-Series as YouTube's top channel. Kjellberg was in the midst of a battle for YouTube's number one spot because another channel — the Indian music label T-Series — was closing in. Now, for MrBeast, history is repeating itself, except this time, he is the one closing in on YouTube's biggest channel, T-Series, And it looks like he's soon going to win the top spot. Amid an expected mass exodus from the platform, a win for independent creators could have a positive ripple effect. "This breakthrough will show independent creators that they can be more successful than large corporations," she said.
Persons: , MrBeast, YouTuber Felix Kjellberg, Kjellberg, he's, Donaldson, Jimmy Donaldson, He's, Gabe Gordon, Donaldson wasn't, Gordon, Donaldson hasn't, Moon, Katya Varbanova, Varbanova Organizations: Service, YouTube, YouTube's, Kjellberg, Reach Agency Locations: Burger
Late Night Tackles Trump’s Gag Order Hearing
  + stars: | 2024-04-24 | by ( Trish Bendix | ) www.nytimes.com   time to read: +1 min
“He violated the gag order during a hearing about whether he violated the gag order!” — JIMMY KIMMEL“Judge Merchan told Trump’s lead attorney — a guy named Todd Blanche — that his arguments didn’t make sense, that he ‘presented nothing’ and that he was losing ‘all credibility with the court.’ To his credit, Blanche fired back. He said, ‘Your honor, I lost all credibility when I agreed to represent Donald Trump! That is not an issue.’” — JIMMY KIMMEL“Fortunately, Trump didn’t hear any of it. Or, as the rest of the world calls it, a job.” — JORDAN KLEPPER“I love hearing him complain about how cold it is. Someone should knit him a little pair of mittens to wear into court.” — JIMMY KIMMEL
Persons: , JIMMY KIMMEL, Merchan, Trump’s, , Todd Blanche —, , , Blanche, Donald Trump, ’ ”, Trump, Van Winkle, ” — JIMMY KIMMEL “, Cleveland, it’s, ” — JORDAN KLEPPER “, ” — JIMMY KIMMEL
CNN —Kim Kardashian has led quite the life. “She was my next door neighbor when I was like seven and eight years old,” Kardashian said. “Everyone was like, ‘Oh my God I love your bracelets.’ And we were like, ‘Thanks. Kimmel also asked a few questions to clear up rumors he had heard about Kardashian, like whether she blow dries her jewelry before she wears it. Kardashian does not, however, have six toes on one foot.
Persons: CNN — Kim Kardashian, Kardashian, Jimmy Kimmel, Kourtney, Madonna, , ” Kardashian, ’ ” Kardashian, Kimmel, Michael Organizations: CNN
The FTC announced a lawsuit that blocks a merger between luxury brands Tapestry and Capri. Tapestry and Capri argue the luxury handbag market is too saturated for that to happen. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe FTC is trying to stop a merger between brands Tapestry and Capri that would put labels Coach, Kate Spade, Michael Kors, Jimmy Choo, and Versace under one luxury house. Tapestry, Inc., which owns Kate Spade and Coach, announced in August its intent to acquire Capri Holdings, which owns Michael Kors, for $8.5 billion.
Persons: , Kate Spade, Michael Kors, Jimmy Choo, Versace Organizations: FTC, Service, Inc, Capri Holdings, Regulators, European Union, Business Locations: Capri, Japan
Pellerano discusses gang life in New Orleans, where the gang spread from its home base in Chicago. He speaks with BI about tattooing, rules and codes, media perception, and the political language used to depict the gang. Mike Moy says he was a gang member in New York City's Chinatown, having been recruited in the 1970s. He later founded the YouTube channel Chinatown Gang Stories, where he speaks with former gang members about their lives. He speaks with BI about the ways the yakuza makes money, such as extortion and protection rackets.
Persons: Tyrone White, White, Andy, Pellerano, Alex Sanchez, Omar Sharif, John Pennisi, Gambino, John Gotti Jr, Lucchese, Pennisi, Jay Dobyns, general's, Jimmy Tsui, Mike Moy, Moy, Yuyama Shinya, Andy Pellerano www.oneaccordministries.net, Alex Sanchez www.homiesunidos.org Omar Sharif www.omarinspires.com John Pennisi, Jay Dobyns www.jaydobyns.com Organizations: Menlo, South Central, Bloods, Business, Hells Angels, ATF's National Academy, Dobyns, United, Valor, ATF, National Association of Police, New York City Police Department, YouTube Locations: South, South Central Los Angeles, New Orleans, Chicago, Los Angeles, London, United States, Tung, New York, Chinatown, Hong Kong, Japan
The Walt Disney company logo is displayed on the floor of the New York Stock Exchange during morning trading on Dec. 1, 2023. Aaron LaBerge, the chief technology officer for Disney Entertainment and ESPN, is leaving the company, according to an internal memo. LaBerge is leaving for personal reasons related to his family and will stay on at Disney until June, the memo said. At ESPN, LaBerge has been a central figure behind the company's streaming services, including ESPN+, the upcoming sports streaming application co-owned by Disney, Warner Bros. They include former CEO Bob Chapek, former head of streaming Kevin Mayer, ex-finance chief Christine McCarthy, former Walt Disney Studios Chairman Alan Horn, former Disney general counsel Alan Braverman, ex-head of communications Zenia Mucha, and former president of Walt Disney Pictures, Sean Bailey.
Persons: Aaron LaBerge, LaBerge, He'll, He's, Bob Chapek, Kevin Mayer, Christine McCarthy, Alan Horn, Alan Braverman, Zenia Mucha, Sean Bailey, Aaron, Jimmy Pitaro, Dana Walden, Alan Bergman, Chris Lawson, Paul Allen Organizations: Walt Disney, New York Stock Exchange, Disney Entertainment, ESPN, PENN Entertainment, ESPN Bet, Disney, Hulu, Warner Bros . Discovery, Fox, Walt Disney Studios, Walt Disney Pictures, ESPN BET, Company, Starwave
The U.S. Federal Trade Commission on Monday sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade's parent company, Tapestry . With the transaction, the luxury brands could be poised to better compete with European luxury names, such as Burberry and LVMH's Louis Vuitton. Both Tapestry and Capri have been under pressure, as consumers continue to be choosier with discretionary spending. Yet Capri, in particular, has been more vulnerable because of its heavier reliance than Tapestry on department stores and other wholesale retailers. The vast majority of Tapestry's sales are through its own website and stores, with wholesale accounting for only about 10% of sales globally in the most recently reported fiscal quarter.
Persons: Kate Spade's, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, Michael Kors, LVMH's Louis Vuitton, Joanne Crevoiserat, Tapestry, Crevoiserat Organizations: U.S . Federal Trade Commission, Capri Holdings, Burberry, Tapestry, CNBC Locations: Europe, Japan, Capri
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