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☆ ‘A point of no return:’ Why Europe has become an epicenter for anti-tourism protests this summer
▼ + stars: | 2024-07-27 | by ( Billy Stockwell | ) edition.cnn.com time to read: +9 min

CNN —Anti-tourism protests have been sweeping across Europe this summer, with demonstrations taking place in the Netherlands, Greece, and of course, Spain. When anti-tourism protesters started to fire water pistols at visitors in the Barcelona city center on July 6, a moment that gained international attention, Ramirez said he could “feel the resentment” in the air. Frankly, I think it worked,” Ramirez said, reflecting on the ability of the protests to dissuade tourists from visiting the city. Jaime Reina/AFP/Getty ImagesIt’s not just housing issues that have generated a backlash against tourists, Ramirez said, adding that the disrespectful behavior of some has also played a part. Bad tourist behavior has been a problem across other parts of Europe too, including Barcelona, Mallorca, Magaluf and Benidorm, Ramirez said.

Persons: Carlos Ramirez, Ramirez, ”, It’s, Jaume Collboni, Andrey Rudakov, ” Ramirez, Antje Martins, Eduardo Santander, Martins, “, € 2.4million, Marco Bertorello, Luigi Brugnaro, Susanna Polloni, ” Polloni, Collboni, ‘, ’, Jaime Reina, Bacchus, ” Sebastian Zenker, Zenker Organizations: CNN, Primavera Sound, skyrocketing, ”, Bloomberg, Barcelona’s City, University of Queensland, “, European Travel Commission, Getty, Solidarity Network for Housing, Palma de Mallorca, AFP, Copenhagen Business School Locations: Europe, Netherlands, Greece, Spain, Spanish, Barcelona, Mallorca, Southern Europe, Canary, Magaluf, Barcelona’s, Antje, “ Barcelona, €, AFP, Venice, “, Sagrada Familia, Palma de, Florence, Italy, Benidorm

☆ The yuan's status as a global currency might be gaining ground. But top CEOs see more hurdles to clear
▼ + stars: | 2024-06-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

A bank employee count China’s renminbi (RMB) or yuan notes next to U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, January 26, 2023. Beijing has long touted its ambitions for increasing global use of the Chinese yuan — also known as the "renminbi" or "RMB" — in an international financial market where the U.S. dollar is the dominant currency. watch nowLast year, the HKEX announced a "Dual-Counter" program that allows investors to trade Hong Kong-listed securities in Hong Kong dollars or Chinese yuan. The euro was slightly higher at 5.6%, while the U.S. dollar dominated with a nearly 85% share, the data showed. A maturing financial marketDeveloping more Chinese yuan-denominated investment products also requires a maturation of the local financial sector.

Persons: China’s renminbi, Athit Perawongmetha, Bonnie Chan, Chan, We're, SWIFT, Fred Hu, Hu, it's, Patience, Kenny Lam Organizations: Reuters, Hong Kong Exchanges, U.S ., International Monetary Fund, U.S, Primavera Capital, Sigma Asia Locations: U.S, Bangkok, Thailand, Reuters DALIAN, China, Beijing, Russia, Dalian, Hong Kong, Shanghai, Pacific

☆ ‘Botticelli Drawings’ Review: A Master Painter’s Skills on Paper
▼ + stars: | 2023-12-06 | by ( Cammy Brothers | ) www.wsj.com time to read: 1 min

Study for ‘Portrait of a Lady (Simonetta Vespucci)’ (c. 1480) Photo: Ashmolean MuseumSan FranciscoIn the popular imagination, Sandro Botticelli (c. 1445-1510) is associated with ethereal nymphs, idealized nudes, and blond beauties, thanks largely to the ubiquity of his most famous paintings, “Primavera” and “Birth of Venus.” But as a stunning new show at San Francisco’s Legion of Honor museum establishes, he is a more complex, intellectual, conflicted and varied artist than superficial familiarity might suggest.

Persons: Simonetta Vespucci, ’, Sandro Botticelli, “ Organizations: Ashmolean Museum San Francisco, “ Primavera, Francisco’s Legion

A truck lines up to be loaded with soybeans in a farm in the city of Primavera do Leste in the central Brazilian state of Mato Grosso January 29, 2013. The crop-heavy northern section of Brazil’s top soy and corn state Mato Grosso experienced the driest October-November period in at least a quarter century. October-November precipitation in North Mato Grosso BrazilMato Grosso grows about 27% of Brazil’s soybeans and accounts for almost 30% of the country’s soybean export program, the world’s largest. The delay in the 2020-21 soybean crop reduced Mato Grosso’s second corn yields since it pushed the sensitive development period back into a historically drier time frame. Mato Grosso accounts for two-thirds of all Brazilian corn shipments.

Persons: Mato, Brazil Mato, Karen Braun Organizations: Mato Grosso, Brazil’s, European, Reuters, Thomson Locations: Primavera, Mato, NAPERVILLE , Illinois, Mato Grosso, Brazil

☆ ‘Lost’ Botticelli masterpiece worth $109 million found in home in southern Italy
▼ + stars: | 2023-12-01 | by ( Jack Guy | Barbie Latza Nadeau | ) edition.cnn.com time to read: +3 min

Rome CNN —A painting by the 15th-century master Sandro Botticelli, recorded as missing since the 1980s, has been found at a home in southern Italy. The depiction of the Virgin Mary and infant Christ was discovered in a home in the town of Gragnano, near Naples, according to the Carabinieri Cultural Heritage Protection Unit of Naples. The painting by the artist most famous for “The Birth of Venus” and “Primavera” is estimated by Italian authorities to be worth at least €100 million ($109 million). “The family continues to hold the title of the work, which, however, will be preserved in a museum,” Croce added. The Somma family declined to comment when contacted by CNN.

Persons: Rome, Rome CNN —, Sandro Botticelli, Virgin Mary, Christ, Venus ”, Santa Maria la Carità, Massimiliano Croce, Croce, ” Croce, “, Botticelli Organizations: Rome CNN, Protection Unit of Naples, Primavera, Roman Catholic Church, CNN, Cultural Locations: Italy, Gragnano, Naples, Neapolitan, Santa, State

☆ A missing Botticelli masterpiece worth $109 million was hanging in an Italian family's home for decades
▼ + stars: | 2023-12-01 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +3 min

A Botticelli masterpiece presumed missing for over 50 years had been hanging in an Italian family's home. Despite the painting being entrusted to the family for safekeeping, authorities had somehow marked it missing. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA Botticelli masterpiece reported missing for over half a century was found hiding in plain sight: hanging in an Italian family's home. The Italian authorities estimate the lesser-known painting, one of Botticelli's last, to be worth $109 million, according to the outlet.

Persons: Botticelli, Virgin Mary, —, Sandro Botticelli, Botticelli's, Primavera, Santa Maria la Carità, Massimiliano Croce, Croce Organizations: Service, Carabinieri Command, Cultural Heritage, CNN, Roman Catholic Church, Guardian Locations: Italian, Gragnano, Naples, Santa Maria

Now "it's like 'plus-10' and then China," he added, with the latter down to providing half of Industry West's products and being trimmed more. China recorded its first-ever quarterly deficit in foreign direct investment in July-September, suggesting capital outflow pressure. But for the first time in the four decades since China opened up to foreign investments, executives are now also concerned about long-term growth prospects. Primavera Capital founder Fred Hu cites mounting macroeconomic uncertainty, a "murky capital market outlook," and lingering concerns over past regulatory crackdowns on high-growth industries such as technology and education. Despite the challenges, foreign investment flows are not unidirectional.

Persons: Jordan England, Nicholas Lardy, England, I'm, Li Qiang's, Li, Michael Hart, Noah Fraser, Fred Hu, Hu, Joe Cash, Ellen Zhang, Kane Wu, Eduardo Baptista, Don Durfee, Kripa Jayaram, Marius Zaharia, Jamie Freed Organizations: China, Reuters, Peterson Institute for International Economics, LONG, Conference Board, China International, Canada China Business Council, Reuters Graphics, Primavera Capital, Tech, Thomson Locations: China, BEIJING, HONG KONG, Southeast Asia, Eastern Europe, Mexico, England, Florida, Washington, Beijing, consultancies, U.S, Asia, Australia, Europe, Hong Kong

☆ Francesco Camarda becomes youngest ever Serie A player aged 15
▼ + stars: | 2023-11-26 | by ( Issy Ronald | ) edition.cnn.com time to read: +1 min

CNN —Aged 15 years and 260 days old, Francesco Camarda pulled on the famous black and red striped jersey of AC Milan on Saturday, and made history as the youngest ever debutant in Serie A. The Rossoneri’s victory against Fiorentina stymied their recent drought of wins, and ensured they remained third in the league, five points behind leaders Inter Milan. I could be his grandfather,” Milan manager Stefano Pioli told Sky Sport Italia, according to ESPN. So far this season, Camarda had made nine appearances for AC Milan in the Campionato Primavera 1 TIM, Italy’s under-19 league, and scored one goal. After his history-making Serie A debut, Camarda’s teammates rushed to congratulate him, including France’s all time leading goalscorer Olivier Giroud who hailed his “rossonero little brother” on Instagram.

Persons: Francesco Camarda, Luka Jović, Wisdom Amey, “ Francesco, ” Milan, Stefano Pioli, Camarda, Camarda’s, Olivier Giroud, ” Organizations: CNN, Milan, Serie A, Luka, Fiorentina, Bologna, Sky Sport Italia, Inter Milan, ESPN, AC Milan, Primavera, Serie Locations: Instagram

The deal to acquire investment firm Carlyle's (CG.O) 28% holding in the burger chain's China business, which also includes its stores in Hong Kong and Macau, will see McDonald's stake rise to 48%. Since 2017, the number of McDonald's stores in China has doubled to 5,500 and the country has become its second-largest market. McDonald's made an unsolicited offer for Carlyle's stake in the China operations in recent weeks and the deal was struck quickly, said the sources. Reuters reported in August that Trustar Capital was planning to raise a continuation fund that would allow the Chinese private equity firm to sell down its stake in McDonald's China. In contrast to McDonald's, U.S. meat and processed food maker Tyson Foods (TSN.N) plans to sell its China poultry business, sources have said.

Persons: Benoit Tessier, Chris Kempczinski, McDonald's, Carlyle, Trustar, Jim Sanderson, Reckitt, Kane Wu, Granth, Deborah Sophia, Roxanne Liu, Edwina Gibbs Organizations: REUTERS, HK, CITIC, Trustar, Northcoast Research, Reuters, Tyson Foods, Primavera Capital, Thomson Locations: Bretigny, Paris, France, China, Hong Kong, Macau, CITIC, U.S, McDonald's China, British, Bengaluru, Beijing

☆ McDonald’s is investing more in China to tap ‘tremendous opportunity’
▼ + stars: | 2023-11-21 | by ( ) edition.cnn.com time to read: +2 min

McDonald’s has struck a deal to ramp up its stake in its China business to just under 50% and expressed confidence in its growth prospects in the world’s second-largest economy. The deal to acquire investment firm Carlyle’s 28% holding in the burger chain’s China business, which also includes stores in Hong Kong and Macau, will see McDonald’s stake rise to 48%. Since 2017, the number of McDonald’s stores in China has doubled to 5,500 and the country has become its second-largest market. In contrast to McDonald’s, US meat and processed food maker Tyson Foods plans to sell its China poultry business, sources have said. British consumer goods maker Reckitt Benckiser in 2021 sold its China infant formula and child nutrition business to investment firm Primavera Capital.

Persons: McDonald’s, “, ”, Chris Kempczinski, Carlyle, Trustar, Jim Sanderson, Benckiser Organizations: Northcoast Research, Tyson Foods, Primavera Capital Locations: China, Hong Kong, Macau, CITIC, British

☆ Shanghai Industrial Investment: Another executive in China being investigated by corruption watchdog
▼ + stars: | 2023-11-21 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Another business leader in China is being probed by the country’s anti-graft watchdog, in a sign of an ongoing crackdown in the world’s second largest economy. Zhou Jun, president of state-owned Shanghai Industrial Investment, is under investigation by the Shanghai Municipal Commission for Discipline Inspection, a branch of the Central Commission for Discipline Inspection (CCDI), according to a CCDI statement Monday. Shanghai Industrial Investment’s business spans infrastructure, property and pharmaceuticals. Just this month, the CCDI said it was investigating Zhang Hongli, a former senior executive vice president at the Industrial and Commercial Bank of China. That was followed by a report by Chinese state-owned media outlet Cover News that tech entrepreneur Chen Shaojie had become unreachable, citing unconfirmed reports that he was being investigated.

Persons: Zhou Jun, CCDI, Zhou, ”, Zhang Hongli, Chen Shaojie, Chen, Tencent, Fred Hu Organizations: Hong Kong CNN, Shanghai Industrial Investment, Shanghai Municipal Commission, Central Commission, Shanghai Industrial, Industrial, Commercial Bank of China, CNN, International, Bloomberg, Primavera Capital Locations: China, Hong Kong, Shanghai

☆ On sidelines of APEC Summit, Xi Jinping vows to be a ‘partner and friend’ of the US
▼ + stars: | 2023-11-16 | by ( Nectar Gan | Juliana Liu | ) edition.cnn.com time to read: +7 min

CNN —China is willing to be “a partner and a friend” of the United States, Chinese leader Xi Jinping told American business leaders in San Francisco on Wednesday, as he sought to court US businesses amid a decline in foreign investment in China. “China is willing to be a partner and friend of the United States,” he added. China is happy to see a confident, open and prosperous US,” Xi said. Xi recalled entering the US on that trip through San Fransisco, which he said formed his “first impression” of America. Under Xi, China has further expanded the scope of its anti-espionage law, raided US consultancy and due-diligence firms and detained executives in the name of national security, sending a chill through the foreign business community.

Persons: Xi Jinping, Xi, ” Xi, Tim Cook, Elon Musk, Joe Biden, ”, Biden, Dexter Roberts, Roberts, “, ’ “ Liu Dongshu, ” Liu, Fred Hu, ” Hu, China “ Organizations: CNN, Economic Cooperation, Apple, Tesla, US, China Business Council, National Committee, China Relations, Flying Tigers, Mansfield Center, University of Montana, City University of Hong, Primavera Capital Group, Bloomberg, Economy, China Locations: China, United States, San Francisco, Asia, Japan, Iowa, America, San Fransisco, City University of Hong Kong, Xi, Singapore

☆ Too much regulation confuses sustainability efforts -Lazard's Singhal
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

The logo and trading information for Lazard Ltd appear on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 24, 2019. "They're trying to create all these delineations and then there are essentially loopholes everywhere. And we're ending up with really more confusion than the original intention," said Nikita Singhal, co-head of sustainable investment and ESG at Lazard's asset management arm. Max Chen, partner at Chinese private equity firm Primavera Capital, said international investors were "really faced with a competing standard" and "really need to navigate through that process" of increased regulation. Reporting by Isla Binnie Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Nikita Singhal, Max Chen, Isla Binnie, Chris Reese Organizations: Lazard Ltd, New York Stock Exchange, REUTERS, Companies Lazard, Lazard, Reuters, Primavera Capital, Thomson Locations: New York, U.S, Europe

Unusually hot and dry weather in Mato Grosso has caught traders’ attention. October weather in North Mato Grosso BrazilIn Brazil’s southern state of Parana, October rainfall totaled around 350 mm (13.8 inches), the most for any month in at least 25 years. It is unhelpful in this analysis that there have not been many stronger El Ninos in recent years for comparison. Soy yield was 13% below trend that year, but otherwise, soy yields rarely miss in Mato Grosso, making it difficult to detect an impending disaster. In the south, Parana’s rainiest soy-growing seasons have most often coincided with El Ninos, but actual yield outcomes are mixed.

Persons: El Nino, Mato Grosso’s, Mato, La Nina, El, Karen Braun, Rod Nickel Organizations: Mato Grosso, Farmers, El Ninos, El Nino, Iowa, La, El, Reuters, Thomson Locations: Primavera, Mato, NAPERVILLE , Illinois, Brazil, Mato Grosso, North Mato, Brazil’s, Parana, U.S, Southern, Argentina

☆ Opinion: Young Colombians had high hopes for their first leftist president. It didn’t last
▼ + stars: | 2023-08-23 | by ( Opinion Kristina Foltz | ) edition.cnn.com time to read: +9 min

Before Petro, Colombia had been governed for decades by liberal and conservative parties forming part of the broader Colombian political right. A demonstrator holds a tainted image of Colombian President Gustavo Petro (left) during an anti-government protest in the capital on August 16. Luisa Gonzalez/ReutersBut what about young Colombians, who, like me, are worried about the direction Petro is taking the country? Ivan says he was drawn to Petro because, “he always had a message about generating free quality education for young people. His successor, President Nicolas Maduro, continued Chavismo policies that have destroyed the Venezuelan economy.

Persons: Kristina Foltz, Read, — Gustavo Petro —, I’m, — Nicolas Petro —, Nicolas ’, Petro, Gustavo Petro, Luisa Gonzalez, Ivan Oros, “, ”, Ivan, —, Ivan’s, Juan Manuel Santos, Ivan Duque’s ‘, he’s, Nicolas —, Ariel Ricardo Armel, Juan Valdez, ” Ariel, Hugo Chavez, Nicolas Maduro, Ariel, Armando Duarte Galan, governability, it’s Organizations: Rotary Ambassador, CNN, Petro, Reuters, La Primavera, Revolutionary Armed Forces, Colombian, University of Pamplona, Social Communications, Colombian Organization, Students, El, SISBEN, WHO, US, Twitter, Facebook, Plaza Bolivar Locations: Bogotá, Colombian, Latin America, Colombia, Venezuela, Venezuelan

☆ Famed Italian dealmaker and Piaggio CEO Colaninno dies
▼ + stars: | 2023-08-19 | by ( Crispian Balmer | ) www.reuters.com time to read: +3 min

Roberto Colaninno attends the celebrations for the 50th anniversary of the Vespa Primavera scooter at the Piaggio Museum in Pontedera, Italy, April 19, 2018. REUTERS/ Alessandro Bianchi/File Photo Acquire Licensing RightsROME, Aug 19 (Reuters) - Entrepreneur Roberto Colaninno, chairman and CEO of scooter maker Piaggio and one of Italy's best-known dealmakers, has died, his investment company IMMSI said on Saturday. He is most famous for his surprise $58 billion leveraged buyout of Telecom Italia (TLIT.MI) in 1999, at the time the world's largest hostile takeover. In 2003, after his efforts to take over carmaker Fiat were rebuffed, he turned his attention to Piaggio, maker of the Vespa scooter, which had fallen on hard times. Colaninno ditched the firm's loss-making computer unit and focused on the telephone business - which he subsequently used as a vehicle to launch the Telecom Italia bid.

Persons: Roberto Colaninno, Alessandro Bianchi, IMMSI, Colaninno, Carlo De Benedetti, De Benedetti, Olivetti, Matteo, Michele, Oretta, Crispian Balmer, David Holmes Organizations: Primavera, Piaggio Museum, REUTERS, Rights, Piaggio, Telecom Italia, Pirelli, Fiat, Alitalia, Thomson Locations: Pontedera, Italy, Asia, India, China, Vietnam, Fiamm, Europe

The logo of Tyson Foods is seen in Davos, Switzerland, May 22, 2022. While it was not immediately clear what valuation Tyson Foods is seeking for the China poultry business, it has annual sales of about $1.1 billion, one of the people said. Springdale, Arkansas-based Tyson Foods and Goldman Sachs declined to comment. Calls to Tyson Foods' China headquarters in Shanghai went unanswered. In the food industry, U.S. agricultural giant Cargill struck a deal in May to sell its China poultry business to private equity firm DCP Capital for an undisclosed price.

Persons: Arnd, Goldman Sachs, Tyson, Cargill, Hope Liuhe, Kane Wu, Abigail Summerville, Roxanne Liu, Tom Polansek, Jamie Freed Organizations: Tyson Foods, REUTERS, HONG KONG, Goldman, Capital, Reckitt, Primavera Capital Group, Industrial, Thomson Locations: Davos, Switzerland, HONG, China, Springdale , Arkansas, Shanghai, Russia, Ukraine, Mongolia, Nantong, Xiaogan, Hong Kong, New York, Beijing, Chicago

☆ Magnitude 6.3 quake shakes Colombian capital, one dead
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +2 min

BOGOTA, Aug 17 (Reuters) - A strong earthquake of 6.3 magnitude struck the Colombian capital Bogota on Thursday, according to the U.S. Geological Survey, prompting frightened residents to flee into the street and leading a woman to fall to her death. There were no immediate reports of major damage from the quake, which Colombia's national geological service reported as a magnitude 6.1. "It was strong, and lasted a long time, said Adrian Alarcon, 43, who works near the capital's busy Park 93 district. [1/5]A Medical personnel of the Primavera clinic helps to evacuate patients after a strong earthquake in Villavicencio, Colombia, August 17, 2023. Colombia's national geological service estimated the second quake at a 5.6 magnitude, with the following aftershock measured at 4.8.

Persons: Adrian Alarcon, Claudia Lopez, Santiago Molina, Lopez, Julia Symmes Cobb, Oliver Griffin, Luis Jaime Acosta, Sarah Morland, David Alire Garcia, Alistair Bell Organizations: . Geological Survey, Primavera, REUTERS, Windows, Thomson Locations: BOGOTA, Colombian, Bogota, Villavicencio, Colombia, Madelena, Calvario

☆ Princeton Review and Tutor.com Are Now Owned by a Chinese Company
▼ + stars: | 2023-05-08 | by ( Melissa Korn | ) www.wsj.com time to read: 1 min

Princeton Review and Tutor.com were purchased by China-based private-equity firm Primavera Capital. Photo: Joe Raedle/Getty ImagesPrinceton Review and Tutor.com say a Chinese private-equity firm has received regulatory approval to buy the test-prep company and online tutoring platform, more than 15 months after the acquisition closed. Primavera Capital Group, based in Hong Kong, quietly purchased the well-known brands from Korean education company ST Unitas in January 2022, at a time of increased scrutiny of Chinese investment in the U.S.

☆ Chinese Company Now Owns Tutoring Firm Contracted by Military and Schools in U.S.
▼ + stars: | 2023-05-08 | by ( Melissa Korn | ) www.wsj.com time to read: 1 min

☆ Turn Your Pasta Primavera Into a Lasagna
▼ + stars: | 2023-05-03 | by ( Melissa Clark | ) www.nytimes.com time to read: 1 min

In the United States, lasagna almost universally entails tomato sauce, mozzarella and ricotta. However, a recent visit to Italy reminded me that the lasagna family is, in fact, vast and varied. There are hard-boiled egg and meatball-stuffed lasagnas from Naples; chicken liver studded ones from Le Marche; Bolognese and béchamel-swathed examples from Emilia-Romagna. But there was one version that made me run to pull out my lasagna pan as soon as I got home: white lasagna. Made with a béchamel sauce and often meatless, white lasagnas are plush, creamy showcases for seasonal vegetables — artichokes in spring, zucchini in summer, mushrooms in the fall, radicchio in winter — layered between thin sheets of pasta, then baked until golden.

☆ Italy’s new tourism ambassador is Botticelli’s Venus, brought to life by AI
▼ + stars: | 2023-04-21 | by ( Barbie Latza Nadeau | ) edition.cnn.com time to read: +1 min

But a new marketing campaign by Italy’s tourism ministry has turned the ancient deity into a “virtual influencer”—with the help of artificial intelligence technology. “A Venus in the role of a modern influencer will lead every international visitor by the hand to discover our country,” the announcement from the Ministry of Tourism promises. Some are computer-generated, while others feature a human model whose face is never seen but who has the same long, wavy hair. “I’m 30—ok, maybe just a little bit older,” Venus says. “I’m a virtual influencer.”

☆ The best food marketing stunts of the year
▼ + stars: | 2022-12-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +10 min

“The Big Cheez-It Tostada and Big Cheez-It Crunchwrap are in such Big demand that our limited offer is no longer available,” the chain said. Diane Bondareff/AP Images for Fancy FeastOver the summer, Fancy Feast invited people to answer the question: What does cat food taste like? The restaurant dishes drew inspiration from Fancy Feast Medleys, cat food that is itself inspired by human food like salmon primavera and turkey florentine. The restaurant’s menu was created by Amanda Hassner, in-house chef for Fancy Feast, as well as restaurateur Cesare Casella, a Michelin star winner, according to a Fancy Feast press release. Papa JohnsAs a permanent addition to the Papa Johns menu, the no-crust, toppings-only Papa Bowls are technically not a stunt.

☆ Lanvin Group to open stores, hunt buys after U.S. SPAC listing
▼ + stars: | 2022-12-15 | by ( Casey Hall | ) www.reuters.com time to read: +3 min

SHANGHAI, Dec 15 (Reuters) - Chinese luxury fashion conglomerate Lanvin Group, owner of the eponymous French fashion brand, said it is scouting for buys and will open new stores, after a New York SPAC listing on Thursday that raised $150 million and valued it at $1.31 billion. U.S.-listed shares of Lanvin opened about 4% higher at $10.25, and more than doubled to $20.25 in early trade. However, we still feel quite happy about what we have achieved in such a challenging environment," Lanvin Group Chairman and Chief Executive Joann Cheng told Reuters in an interview. Group revenue for the company, which was originally known as Fosun Fashion Group before it rebranded as Lanvin Group in October last year, grew 73% year-on-year to 202 million euros ($215 million) in the first half of 2022. Lanvin Group's listing will test investor appetite in less-established luxury groups.

☆ Chinese-Backed Lanvin Group Makes New York Trading Debut After SPAC Merger
▼ + stars: | 2022-12-15 | by ( Jing Yang | ) www.wsj.com time to read: 1 min

A worker managed the inventory at a Lanvin store in Moscow in the early days of the Covid pandemic. Chinese-owned luxury fashion company Lanvin Group made its debut on the New York Stock Exchange on Thursday, after merging with a blank-check firm backed by Chinese private-equity firm Primavera Capital. Lanvin Group , which owns multiple Western brands, is controlled by China’s Fosun International Ltd. and has raised over $150 million in fresh capital at a valuation of $1 billion. It came to the market despite a sharp turn in fortunes for special-purpose acquisition companies and a wider slowdown in the market for new listings.

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