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☆ Jerry Seinfeld asked Chris Rock to recreate the Will Smith Oscars slap for his Netflix movie. Rock turned him down.
▼ + stars: | 2024-05-10 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Jerry Seinfeld tried to get Chris Rock to recreate the moment Will Smith slapped him. Seinfeld told a podcast he tried to involve Rock not long after the slap for his movie "Unfrosted." AdvertisementJerry Seinfeld said he wanted Chris Rock to recreate the moment Will Smith slapped him on the Oscar stage for his new movie "Unfrosted." In 2022, Smith walked onstage during the Oscars ceremony and slapped Rock after the comedian joked about the Smith's wife's bald head. Related stories"We shot that right after the Will Smith slap, and I was going to have somebody come up on the stage and have Chris punch him out as they got there," Seinfeld said.

Persons: Jerry Seinfeld, Chris Rock, Will Smith, Seinfeld, —, Smith, Rock, Dana Carvey, David Spade, Seinfeld's, Chris, Cedric, Carvey, Jada Pinkett Organizations: Service, Netflix, Rotten, Forbes

☆ Stocks making the biggest moves midday: Planet Fitness, AMC, Airbnb, Roblox and more
▼ + stars: | 2024-05-09 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Arm — Shares of British chip designer fell 1% in volatile trading after the company issued revenue guidance that left investors unimpressed. Airbnb said revenue in its second quarter total $2.68 billion to $2.74 billion, while analysts were expecting $2.74 billion, according to LSEG. AppLovin — The mobile technology company soared 19% on the heels of better-than-expected first quarter earnings . Warby lost 2 cents a share, narrower than the consensus forecast of 9 cents per share from analysts surveyed by FactSet. Cheesecake Factory — Shares rallied nearly 9% after the chain's first quarter earnings beat estimates.

Persons: FactSet, Forthe, Klaviyo, Airbnb, AppLovin, AMC's financials, Duolingo, —, Warby Parker, Warby, Kate Spade, Roblox, That's, Raymond James, Ancora, Alan Shaw, Equinix, amortization, Charles Meyers, Samantha Subin, Yun Li, Jesse Pound, Sarah Min, Hakyung Kim, Tanaya Macheel, Michelle Fox, Scott Schnipper Organizations: LSEG, LSEG . Revenue, AMC Entertainment, Revenue, FactSet . Revenue, FactSet, Leadership, JPMorgan, Norfolk Southern, postmarket Locations: The Virginia

☆ The handbag wars have begun after the US sued to block the merger of Coach and Michael Kors
▼ + stars: | 2024-04-23 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +1 min

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

☆ US sues to block Tapestry’s Capri deal citing handbag market domination
▼ + stars: | 2024-04-22 | by ( ) edition.cnn.com time to read: +1 min

The US Federal Trade Commission said on Monday it was suing to block Coach parent Tapestry’s $8.5 billion deal to buy Michael Kors owner Capri, saying it would eliminate competition. This comes at a time when several US lawmakers have sought increased scrutiny from the FTC of several multi-billion dollar deals that might risk higher prices and affect consumers. US antitrust enforcers had also come out with new merger guidelines in December, in a bid to encourage fair, open and competitive markets. But the FTC requested more information from the firms on their deal in November. “Capri Holdings strongly disagrees with the FTC’s decision,” the company said in a statement.

Persons: Michael Kors, Capri, Tapestry, Louis Vuitton, “, Kate Spade, Jimmy Choo Organizations: US Federal Trade Commission, Capri, “ Capri Holdings, FTC, European Union, Japan

The Federal Trade Commission on Monday sued to block Tapestry’s $8.5 billion acquisition of Capri, a blockbuster fashion tie-up that would bring together Coach, Kate Spade, Michael Kors and Versace. The lawsuit is a rare move by the agency to block a fashion deal, given that the industry does not suffer from a lack of competition. In her time as the chair of the F.T.C., Lina Khan has prioritized taking on the power of big business in suits across industries. The agency has moved to block the supermarket merger between Kroger and Albertsons; Meta’s acquisition of the virtual reality start-up Within; and Microsoft’s bid for the gaming giant Activision. failed to block Microsoft’s deal and Meta’s acquisition, both of which closed last year.

Persons: Kate Spade, Michael Kors, Versace, Lina Khan, ” Henry Liu, ” Organizations: Federal Trade Commission, Kroger, Albertsons, Activision, “, Competition Locations: Capri, ’

☆ FTC sues to block Coach parent Tapestry's acquisition of Capri Holdings
▼ + stars: | 2024-04-22 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +2 min

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

☆ Stocks making the biggest moves midday: United Airlines, Travelers, Abbott Laboratories and more
▼ + stars: | 2024-04-17 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers said it generated $4.69 in earnings per share on $10.18 billion in revenue. Interactive Brokers — Shares popped 3% after Interactive Brokers posted quarterly results that came in slightly ahead of Wall Street's expectations. J.B. Hunt posted earnings of $1.22 per share on $2.94 billion in revenue. Alcoa is set to report earnings after the bell.

Persons: LSEG, Eli Lilly, ASML, Hunt, Kate Spade, Abbott, Joe Biden's, Jefferies, —, Jesse Pound, Hakyung Kim, Pia Singh, Michelle Fox, Alex Harring, Sarah Min Organizations: United Airlines —, Travelers Companies, Travelers, U.S, Interactive, Hunt Transport Services, The New York Times, Federal Trade Commission, Versace, Capri Holdings, Autodesk —, Autodesk, Bancorp — U.S, Bancorp, Abbott Laboratories, FactSet, Alcoa Locations: China

☆ Stocks making the biggest premarket moves: Eli Lilly, Travelers, United Airlines, Alcoa and more
▼ + stars: | 2024-04-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Travelers — Shares fell nearly 5% after the insurance company reported an earnings and revenue miss for its first quarter. Revenue was $10.18 billion compared with the $10.51 billion expected. J.B. Hunt Transport Services — Shares sank 8% a day after the transportation and logistics company reported an earnings and revenue miss for its first quarter. ASML Holding — U.S.-listed shares sank 5% after the Dutch semiconductor company posted revenue and new bookings that came in below consensus estimates. Omnicom — The stock added nearly 3% a day after the communications company reported an earnings and revenue beat for its first quarter.

Persons: Eli Lilly, ResMed, Eli Lilly's, Zepbound, J.B, Hunt, Joe Biden, TD Cowen, Ferrari, Bernstein, —, Dealbook, Kate Spade, Jesse Pound, Hakyung Kim, Sarah Min, Fred Imbert Organizations: LSEG, Revenue, Travelers, United Airlines, Hunt Transport, ASML, Urban, Jefferies, Autodesk, Alcoa, United Steelworkers, Ferrari, Abbott, Abbott Laboratories, New York Times, Federal Trade Commission Locations: J.B, China, Pittsburgh

☆ Jim Cramer shares his thoughts on United Airlines, J.B. Hunt, ASML, Tapestry and Alcoa
▼ + stars: | 2024-04-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +2 min

United Airlines : Shares surged more than 10% after the airline reported a smaller-than-expected quarterly loss and offered upbeat guidance for the second quarter. It wants them to be able to raise a lot, and that's what you got," Jim Cramer said. J.B. Hunt : Shares tumbled more than 9% after the company missed Wall Street expectations on the top and bottom lines. "One of the absolute few situations where the Fed is winning, but that's because there's too much supply," Cramer said. Tapestry owns the Coach, Kate Spade and Stuart Weitzman brands.

Persons: Jim Cramer's, Jim Cramer, J.B, Cramer, Michael Kors, Kate Spade, Stuart Weitzman, Joe Biden Organizations: CNBC, Club, United Airlines, ASML, Federal Trade Commission, Capri Holdings, The New York Times . Tapestry, Alcoa Locations: Pittsburgh

☆ F.T.C. Said to Consider Blocking Major Fashion Merger
▼ + stars: | 2024-04-17 | by ( Lauren Hirsch | More About Lauren Hirsch | ) www.nytimes.com time to read: +1 min

The Federal Trade Commission is preparing to sue to block a luxury fashion mega merger, Tapestry’s $8.5 billion takeover of Capri Holdings, two people with knowledge of the matter said. The F.T.C.’s five commissioners are expected to meet next week to discuss the case, a move that could precede a formal vote on whether to file a lawsuit, the people said. The people, who were not authorized to discuss the deliberations, said that it was still possible that the agency could opt not to sue. Monopoly cases in the fashion industry are rare, because there is no shortage of new labels looking to undercut legacy brands. “It is the paradigmatic part of the economy where there is ample competition,” said Howard Hogan, the chair of the fashion, retail and consumer practice at the law firm Gibson Dunn.

Persons: ’, Kate Spade, Capri’s Versace, Michael Kors, Louis Vuitton’s, ”, Howard Hogan, Gibson Dunn Organizations: Federal Trade Commission, Capri Holdings, Gucci, Monopoly Locations: American

Below are 20 of the best Apple Watch bands for women. For additional inspiration, check out our guides to the best designer Apple Watch bands and the best metal Apple Watch bands. Best Apple Watch bands for womenWhen you buy through our links, Business Insider may earn an affiliate commission. Learn moreFAQsWhat is the best Apple Watch band for women? It's hard to crown one specific band the "best" because selecting an ideal Apple Watch band for women hinges on personal style, daily activities, and financial considerations.

Persons: Kate Spade Organizations: Apple, Apple Watch, Business

CNN cannot independently verify the casualty tolls in Gaza or the Israeli estimates of Hamas fighters killed. Of the thousands of bodies that have poured into his cemetery, he claimed he has buried no more than three Hamas fighters. As Baraka and his men work, they are surrounded by the buzz of Israeli drones and the stench of death. The warning came just days after scores of Palestinians were killed trying to access food in Gaza City on Thursday. “If you want to finish Hamas – I tell you in Hebrew so you can hear me – you are wasting your time.”

Persons: CNN — Saadi Baraka, Gaza’s, Baraka, “, ” Baraka, ”, Benjamin Netanyahu “, Mohammad Al Sawalhi, Abu, Abu Hattab, Graves, Netanyahu Organizations: CNN, CNN CNN, World Health Organization, WHO, Israel Defense Forces, US Air Force, Royal Jordanian Air Force Locations: Deir, Gaza, Israel, Gaza City

☆ Fashion icon Iris Apfel dies at 102
▼ + stars: | 2024-03-01 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +5 min

Apfel died on Friday at the age of 102, according to a post on her verified Instagram page. “I go at it full, I’m very passionate about what I do,” Apfel told CNN in an interview in 2018. Jemal Countess/WireImage/Getty Images“(Styling the White House) was a relatively easy job actually, because everything had to be as close as humanly possible to the way it was,” Apfel told the Guardian in 2015. The exhibition, “Rara Avis (Rare Bird),” was the first time the museum had paid tribute to a living woman who was not a fashion designer. Apfel front row at New York Fashion Week with model Karolina Kurkova in 2016.

Persons: Iris Apfel, Apfel, Stu Loeser, “, ” Apfel, Iris, Samuel, Carl Apfel, ”, Estée Lauder, Greta Garbo, Jemal, WireImage, Jackie Kennedy, Harold Koda, Koda, “ Rara, Karolina Kurkova, Michael Stewart, Kate Spade, Kloss, Joan Smalls, Chrissy Teigen, Bella, Gigi Hadid, … Organizations: CNN, New York Times, Guardian, New York’s Metropolitan Museum of Art, Met, “ Rara Avis, New York, MAC Cosmetics, Home Shopping, Vogue Italia, IMG Locations: Palm Beach , Florida, Queens , New York

☆ Stocks making the biggest moves midday: Ralph Lauren, Walt Disney, Hershey and more
▼ + stars: | 2024-02-08 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Ralph Lauren posted earnings of $4.17 per share, while analysts surveyed by LSEG expected earnings of $3.54 per share. PayPal said it anticipates full-year earnings of $5.10 per share, short of the $5.48 per share analysts expected, according to LSEG. S & P Global — Shares dipped 5% following a fourth-quarter earnings miss and disappointing full-year guidance from the financial analytics firm. On the other hand, the company's fourth-quarter revenue of $3.15 billion beat the $3.13 billion analysts had anticipated. Zimmer Biomet — The stock slid 5%, despite the medical device firm posting a fourth-quarter earnings and revenue beat.

Persons: Walt Disney, Ralph Lauren —, Ralph Lauren, Hershey's, FactSet, Kate Spade, Stuart Weitzman, LSEG, Masco, Kellanova, Zimmer Biomet, Johnson, — CNBC's Michelle Fox, Hakyung Kim, Tanaya Macheel, Pia Singh Organizations: PayPal, Arm Holdings —, Hershey —, Intercontinental Exchange, Wynn, P Global, Johnson, LSEG

☆ Why the controversial mullet is having a moment
▼ + stars: | 2024-01-17 | by ( Fawnia Soo Hoo | ) edition.cnn.com time to read: +10 min

Long hair, don’t careThe “modern day” mullet largely originates from David Bowie’s genre-defining and gender-norm defying persona, Ziggy Stardust, Glasscock said. “People from the Continental Congress wore what we would read as a full metal, 1992 mullet,” said Glasscock. (“Hockey hair” was, meanwhile, a popular synonym for mullet at the time, given its prominence among players and fans.) Devin Yalkin/Courtesy A24While playing Kerry Von Erich in “The Iron Claw,” White also wore his dynamic, sweeping mullet off-set — but not entirely by choice. “I was like, ‘I’m sorry, here’s a ponytail holder.”But that dedication may have played an integral part in a mullet revival kicking off 2024.

Persons: Von Erich, ”, Napoleon Bonaparte’s, Paul Barras, Ridley Scott’s “ Napoleon ”, Jessica Glasscock, Tahir Rahim, Napoleon, Aidan Monaghan, Paul Mescal’s, Kristen Stewart’s, Von Erichs, David, Harris Dickinson, Kerry, Jeremy Allen White, Kevin, Zac Efron, They’re, Natalie Shea Rose, hairdos, Rose, David Bowie’s, Ziggy Stardust, Glasscock, Vivienne Westwood, Malcolm McClaren, David Bowie, Aladdin, Joseph, Michael Putland, Procopius, Bowie, Suzi Ronson, “, Yamamoto, “ Bowie, ” Glasscock, “ Napoleon ”, Francesco Pegoretti, Pegoretti, Tahir, mullets, Benjamin Franklin, Joseph Siffred Duplessis, Duran Duran, Bono, —, ’ ” Glasscock, Joe Namath, Nicolas Cage’s, Air ”, David Spade’s, Joe, Rambo, Von Erich mullets, Taghizadeh, Harry, Paul Mescal, Adam, Andrew Scott, Zoe Clare Brown, Mescal, ’ ”, Brown, Devin Yalkin, Kerry Von Erich, ” White, ” Rose, I’m, “ There’s Organizations: CNN, Apple, Globe, Lone Star State, Continental Congress, Sporting, New York Jets, Air Locations: Ridley, Texas, London, Celtic, Nez Perce, Roman, France, Barras, United States

☆ Vietnamese companies eye the U.S. IPO market amid a lull in Chinese listings
▼ + stars: | 2023-12-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

While not strictly an IPO, the listing was soon followed by Vietnamese tech unicorn VNG's filing to list on the Nasdaq. As local companies grow, "they are outgrowing the ability of those markets to provide the capital that they need," said Drew Bernstein, co-chairman of accounting firm MarcumAsia. Since the fallout over Didi in the summer of 2021, regulation and a tepid U.S. IPO market have stalled most Chinese listing plans. She said given the success of Southeast Asian ride-hailing company Grab , more Vietnamese companies are starting to look beyond the domestic market to regional business. George Chan, global IPO leader at EY, expects "a lot" of companies from Southeast Asia will reach the IPO stage in the next 12 to 18 months, and might also consider the Hong Kong exchange.

Persons: Scott Mlyn, VinFast, Johan Annell, VNG, Drew Bernstein, It's, Bernstein, who'd he'd, Didi, Gary Dvorchak, Blueshirt, Nguyen Nguyen, Vu Van, ELSA, Van, George Chan Organizations: New York Auto Show, CNBC BEIJING, U.S, Spade, Nasdaq, ARC Group, China -, Renaissance Capital, Investor, CNBC, World Bank, Southeast Asia — Locations: Asia, U.S, Vietnam, Beijing, Cayman Islands, Malaysia, China, China - U.S, Thailand, Indonesia, Singapore, Southeast Asia, Hong Kong

☆ Remember when Fran Fine’s fashion broke the ’90s TV show mold?
▼ + stars: | 2023-11-30 | by ( Marie Lodi | ) edition.cnn.com time to read: +6 min

Still, not many have had the cultural impact of “The Nanny” herself, Fran Fine. Over the years, fan accounts like What Fran Wore and the Fran Fine Fashion Database have documented all of the character’s roughly 700 outfits. Drescher in character as Fran Fine in a promotional photo for "The Nanny", pictured with the show's other principcal cast members. CBS/Getty ImagesCooper says that when she first envisaged Fran’s aesthetic, it didn’t reflect early ‘90s fashion trends. It’s no wonder that after all these years, fans of “The Nanny” and fashionable TikTokers continue to cosplay as Fran in swarms.

Persons: Cher Horowitz, Dionne Davenport, “, Carrie Bradshaw, ’, Rachel Green, ”, Fran Fine, Fran, Fran Drescher, Fran Wore, Drescher, Charles Shaughnessy, Maxwell Sheffield, Daniel Davis, Niles, Lauren Lane, Babcock, Madeline Zima, Grace Sheffield, Benjamin Salisbury, Tom, Maggie Sheffield, Brenda Cooper, Shawn Holly Cookson, Terry Gordon, Cooper, Todd Oldham, Dolce, Gabbana, Bob Mackie, Anna Sui, Brenda Cooper’s, Moschino, Leger, ” Cooper, Neiman Marcus, —, ” Moschino, Jennie Walker, ” Walker, Kate Spade, Gucci, Vivienne Westwood, Cooper didn’t, suede, “ Organizations: CNN, City, Flushing, Brighton Sheffield, CBS, Getty, Vogue, “ Locations: Versace, Italian, LA

☆ CFOs Review Holiday Promotions as Consumer Spending Cools
▼ + stars: | 2023-11-19 | by ( Jennifer Williams-Alvarez | Kristin Broughton | ) www.wsj.com time to read: 1 min

New economic data last week showed the resilient U.S. consumer may finally be beginning to crack. Photo: Jeenah Moon/Bloomberg NewsCompanies are looking for new ways to entice holiday shoppers while consumers are spending less at stores and the economy is cooling. “It’s our Super Bowl,” said Tapestry finance chief Scott Roe , referring to the holiday season. This means the owner of Coach, Kate Spade and Stuart Weitzman is looking to attract shoppers, but Roe, who also serves as the company’s chief operating officer, said the company plans to be disciplined with any promotions.

Persons: ”, Scott Roe, Kate Spade, Stuart Weitzman, Roe Organizations: Bloomberg News Companies

☆ Coach Saves Tapestry From Unraveling
▼ + stars: | 2023-11-09 | by ( Jinjoo Lee | ) www.wsj.com time to read: 1 min

The Coach brand has increased its prices by more than 30% over the past three years. Neither is demand for accessible luxury, but it seems strong enough that brands like Coach are still able to push through price hikes. Coach owner Tapestry , which also owns Kate Spade and Stuart Weitzman, reported revenue growth of 0.4% in its quarter ended Sept. 30, weaker than Wall Street expectations of 2% growth. This follows worse-than-expected sales performance at European luxury powerhouses such as Gucci owner Kering and Louis Vuitton owner LVMH . But Tapestry’s adjusted earnings of $0.93 a share was higher than expectations of $0.90.

Persons: Taidgh Barron, Kate Spade, Stuart Weitzman, Gucci, Kering, Louis Vuitton, LVMH Organizations: Zuma Press

☆ Walmart, Amazon, and others lost millions of dollars to an organized online refund fraud scheme
▼ + stars: | 2023-11-07 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

Retailers, including Walmart and Amazon, lose millions of dollars to refund fraud schemes. AdvertisementAdvertisementA coordinated refund fraud scheme has cost online retailers like Walmart and Amazon millions, according to Federal prosecutors. If the retailer provided a no-return refund, ARG would take a percentage cut, and the customer would keep the item. Retailers like Amazon, Walmart, and Target sometimes offer no-return refunds when the cost of the return outweighs the value to the seller. 404 Media also found numerous Reddit and Telegram groups openly swapping tips on perpetrating refund fraud, with specific advice for individual retailers.

Persons: Courtwatch, —, Artemis, Kate Spade Organizations: Walmart, Amazon, Service, Media, Watch

☆ FTC seeks information on $8.5 bln Tapestry-Capri deal
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +1 min

The logo of Michael Kors is seen on an outlet store in Metzingen, Germany, June 16, 2017. REUTERS/Michaela Rehle/File Photo Acquire Licensing RightsNov 6 (Reuters) - The U.S. Federal Trade Commission (FTC) has sent requests to Tapestry (TPR.N) and Michael Kors owner Capri Holdings (CPRI.N) for more information on their planned $8.5 billion deal, the companies said on Monday. The companies said on Monday they expect to respond "promptly" to the FTC's request and aim to close the deal as planned, in 2024. Capri's shares, which had jumped 55% on Aug. 10 after the deal was announced, were down 2.5% in extended trade. Reporting by Manas Mishra and Juveria Tabassum in Bengaluru; Editing by Shounak Dasgupta and Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

Persons: Michael Kors, Michaela Rehle, Kate Spade, Stuart Weitzman, Jimmy Choo, Versace, Capri's, Tapestry, Manas Mishra, Juveria, Shounak Dasgupta, Krishna Chandra Organizations: REUTERS, U.S . Federal Trade Commission, Capri Holdings, Capri, Thomson Locations: Metzingen, Germany, Paris, Bengaluru

☆ Why Jimmy Choo, Michael Kors, Versace, Kate Spade are suddenly one company
▼ + stars: | 2023-11-02 | by ( Kate Sammer | ) www.cnbc.com time to read: +1 min

These distinct designer brands all have something in common: a single parent company named Tapestry, Inc. That parent company has been getting bigger and bigger throughout 2023. "Growth-oriented acquisitions really help to drive the business further, " said Dana Telsey, CEO of Telsey Advisory Group. "New designers can create interest because you can extend your customer base, whether it's extending your customer base older or younger, or extend your customer base globally." The popularity of online shopping has also provoked retailers to pursue mergers that promote expansion online and in stores. As social media creates new avenues for promotion, brands grappling with the high cost of celebrity endorsements are looking to expand their resources through mergers and acquisitions.

Persons: Jimmy Choo, Versace, Michael Kors, Kate Spade, Dana Telsey Organizations: Telsey Advisory Locations: Europe

☆ Despite losing limbs, Ukrainian sappers return to work clearing land mines
▼ + stars: | 2023-10-25 | by ( Vitalii Hnidyi | ) www.reuters.com time to read: +3 min

[1/5] Oleksii Poliakov, member of the National police special demining unit works with mine fuses during a demining operation near Izum town, amid Russia's attack on Ukraine, in Kharkiv region, Ukraine, October 24, 2023. By May the following year he was back at work, standing on a prosthetic limb, sweeping for and defusing mines. But she has accepted it," he told Reuters while working in the Kharkiv region this week. Valeri Onul, another sapper, also returned to work in the unit despite losing a leg in a blast in November. Even in the immediate aftermath of the blast, he said he was sure he would return to mine-clearance work when he had made a recovery.

Persons: Sofiia, Ilkiv, –, Valeri Onul, Tom Balmforth, Deborah Kyvrikosaios Organizations: National, REUTERS, Reuters, Thomson Locations: Izum, Ukraine, Kharkiv region, KHARKIV, Russia, Kherson, Kharkiv, Dementiivka

☆ Beef prices are at record highs — how much pricier will your steak get?
▼ + stars: | 2023-10-25 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +3 min

Retail beef prices in the U.S. are at record highs, pushing up prices of beef-based products from burgers to steaks and steak tartare. Retail beef prices are currently hovering around record levels of about $8 per pound, according to data from the United States Department of Agriculture (USDA). "All consumers will be paying more for all beef products for several more years," Wells Fargo's Chief Agricultural Economist Michael Swanson told CNBC via email. "As cattlemen retain cows to rebuild the herd, there is a much lower supply of cattle to provide beef," Swanson said. With elevated cow slaughter, has come tighter cattle supplies, and an expectation that domestic cattle supplies will remain tight into the future.

Persons: That's, Wells, Michael Swanson, Swanson, Brandon Bell, Brian Earnest, Adam Speck, Speck Organizations: Portland Press Herald, Getty, CNBC, United States Department of Agriculture, USDA, Gro Locations: U.S, Texas, Kansas, Quemado , Texas, Gro Intelligence's

☆ Kremlin Won't Comment on Beating of Prisoner by Kadyrov's Teenage Son
▼ + stars: | 2023-09-26 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +3 min

LONDON (Reuters) - President Vladimir Putin's spokesman refused to comment on Tuesday on the beating of a prisoner by the teenaged son of Chechen leader Ramzan Kadyrov, an incident that drew condemnation even from some pro-Kremlin hardliners. Kadyrov said on Monday he was proud of his son Adam, 15, for the attack on Nikita Zhuravel, a Russian man accused of burning the Koran, and posted a video of the beating. Kremlin spokesman Dmitry Peskov told reporters at the start of his daily briefing that he would not be commenting on the incident. "Without exaggeration, yes, I am proud of Adam's action," wrote Kadyrov, who styles himself as a ruthless Putin ally. But the beating of a defenceless ethnic Russian prisoner in custody by Kadyrov's own son - and the fact that Kadyrov saw it as a source of pride - are potentially embarrassing for the Kremlin.

Persons: Vladimir Putin's, Ramzan Kadyrov, Kadyrov, Adam, Nikita Zhuravel, Dmitry Peskov, Putin, Kadyrov's, Zhuravel, Abbas Gallyamov, Mark Trevelyan Organizations: Kremlin Locations: Chechnya, Russia, Soviet Union, Moscow, Ukraine, Volgograd, Russian

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