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☆ Why founders of some small luxury brands are eyeing exits
▼ + stars: | 2024-11-18 | by ( Maria Noyen | ) www.businessinsider.com time to read: +7 min

AdvertisementIndependent luxury brands face pressure to sell or seek investment amid the market downturn. It's a decision some independent luxury brands are confronting amid an industry-wide downturn. Even the biggest and most successful independent brands with cult followings are under pressure. Seize the moment or risk failureEscribano said there's been an uptick of independent brands seeking investors as a survival strategy. For independent brands, Escribano said, the thought process is "either we make it today or we're not here tomorrow."

Persons: It's, Simon Porte Jacquemus, Figaro, Gigi Hadid, Stephane Cardinale, Corbis, Jacqumeus, Blanca Zugaza Escribano, Escribano, there's, Kate Middleton, Dion Lee, Taylor Swift, Mara Hoffman, Roksanda, Chris Jackson, Milton Pedraza, Le Figaro, Jaquemus, Montaigne, Pedraza, Jacquemus, Kering, Valentino, Marc Piasecki Organizations: Fashion, Business, The Brand Group, Luxury Institute, Olympics, Burberry, Brands Locations: Soho , New York City, French, Serbian, Paris

☆ The US will pay for migrants' flights out of Panama to close a route used by over 700,000 people to reach the US-Mexico border
▼ + stars: | 2024-07-02 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

AdvertisementMigrants arrive at the Reception Center for Migrant Care in Lajas Blancas, in the jungle province of Darien, Panama, on June 28, 2024. AdvertisementMigrants walk by the jungle near Bajo Chiquito village, the first border control of the Darien Province in Panama, on September 22, 2023. Migrants line up to receive food at the Reception Center for Migrant Care in Lajas Blancas, in the jungle province of Darién, Panama, on June 27, 2024. Authorities already struggle to manage the Darién GapYet closing the Darién Gap is no small feat. AdvertisementMigrants walk by the jungle near Bajo Chiquito village, the first border control of the Darién Province in Panama, on September 22, 2023.

Persons: —, MARTIN BERNETTI, Alejandro Mayorkas, José, LUIS ACOSTA, it's, Biden, Joe Biden, Donald Trump Organizations: Service, Department of Homeland Security, Business, State Department, Center for Migrant Care, Getty, Associated Press, Homeland, Borders, UNICEF, Republican Locations: Panama, Mexico, Blancas, Darien , Panama, AFP, Bajo Chiquito, Darien Province, Colombia, Darién, Panamanian, Central America, Darién Province

☆ Apollo to take Wagamama owner Restaurant Group private for $623 mln
▼ + stars: | 2023-10-12 | by ( Eva Mathews | ) www.reuters.com time to read: +2 min

A sign of Wagamama restaurant is seen in London, Britain, October 5, 2020. Under the terms of the deal announced on Thursday, The Restaurant Group's (TRG) shareholders will get 65 pence in cash for each share held, a premium of about 34% to the stock's last closing price. Shares in the small cap constituent (.FTSC) jumped 37.1% to 66.5 pence, its highest percentage gain since April 2020. There has also been pressure from shareholders and activist investors Irenic Capital and Oasis Management in recent months to change management and improve profitability. Another analyst at Shore Capital said the offer price was "too low" given the company's efforts to improve margins and reduce leverage.

Persons: Hannah McKay, Ken Hanna, Benny's, Eva Mathews, Subhranshu Sahu, Elaine Hardcastle, Miral Organizations: REUTERS, Apollo, Irenic Capital, Oasis Management, Cafe, Shore Capital, Thomson Locations: London, Britain, TRG, Cafe Rouge, Bengaluru

BAJO CHIQUITO, Panama (AP) — Rain-swollen rivers only briefly slowed the otherwise uninterrupted flow of migrants through this jungle-covered border area separating Colombia and Panama and by midweek another 2,000 bedraggled migrants stumbled out of the Darien jungle. That efficiency combined with the unrelenting economic factors pushing migrants to leave countries like Venezuela, whose citizens account for the majority of them, have resulted in more than 400,000 migrants crossing the Darien this year. They made the crossing from Colombia in 2 ½ days, but Morales described it as “horrible.”“I don’t wish it for anyone. Morales said she saw three dead migrants along the way, including a woman who had apparently drowned in a river. In April, the U.S., Panama and Colombia announced a campaign to slow migration through the Darien jungle, but migrants’ numbers have only grown forcing the Biden administration to seek other options.

Persons: Alejandro Mayorkas, Kimberly Morales, Morales, ”, ” Morales, Biden, Gabriela Quijada, dizzily, “, Carliomar, …, ” Peña, Peña Organizations: U.S, . Homeland, Chiquito, Panama “, Colombian, U.S . Homeland Security Department, Bajo Chiquito Wednesday Locations: CHIQUITO, Panama, Colombia, Darien, Bajo Chiquito, Venezuela, Mexico, States, Costa Rica, Caracas, Panamanian, U.S, Latin America, United States, Bajo, Margarita, Merida

MEXICO CITY (AP) — The U.S. Treasury has announced sanctions against nine affiliates of Mexico’s Sinaloa drug trafficking cartel, as well as the current leader of Colombia’s powerful Clan del Golfo criminal enterprise. The Office of Foreign Assets Control designated all 10 for their roles in drug trafficking, meaning any of their assets in the United States will be blocked and U.S. citizens are generally prohibited from dealing with any of their assets. The nine affiliates of the Sinaloa cartel follow a U.S. indictment unsealed in April that targeted a branch of the Sinaloa cartel run by the sons of former leader Joaquín “El Chapo” Guzmán. Mexico extradited one of those sons, Ovidio Guzmán López, earlier this month to the United States. “Today’s actions reinforce the United States’ whole of government approach to saving lives by disrupting illicit drug supply chains,” U.S. Secretary of State Antony Blinken said in a statement.

Persons: del, Joaquín “, Ovidio Guzmán López, Antony Blinken, de Jesus Avila Villadiego, “ Chiquito, ”, U.S . Avila, Avila Organizations: MEXICO CITY, U.S . Treasury, Foreign Assets Control, Colombian, de, U.S ., Southern District of, of Locations: MEXICO, U.S, Sinaloa, United States, Guzmán, Mexico, Colombia, Bogota, Avila, Southern District, Southern District of Florida, Eastern, of New York

☆ The top 10 TikTok food trends of 2022, from butter boards to pink sauce
▼ + stars: | 2022-12-01 | by ( Renée Onque | ) www.cnbc.com time to read: 1 min

Social media sites like Twitter and Instagram are hubs for the all the latest food trends, but TikTok in particular continues to bring about very interesting culinary creations. We're all looking for ways to spice up our meals or just have a little fun in the kitchen, which is why it's no surprise that #foodtiktok pulled in 106.6 billion views in 2022. But some food trends reigned supreme and raked in the most views on the app this year — and had users doing taste tests across the globe. Chiquito, a restaurant chain in the U.K., sourced the food trends with the most clicks. These were the top food trends on TikTok in 2022.

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