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...Will Lina Khan be left holding the bag? On Monday, the US Federal Trade Commission sued to block Tapestry’s $8.5bn acquisition of rival Capri Holdings. The pair are best known for their handbag brands....
...But while retail spending on sportswear is back above pre-Covid levels — at $395.5bn globally last year, according to Euromonitor — share valuations have yet to catch up....
...Suitors who are knocking at Macy’s doors have little interest in fixing its retail business. They just want to get their hands on its vast real estate holdings. Macy’s owns hundreds of its stores....
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
Carriers have come to rely on check-in charges as a source of revenue but face new disclosure rules
...I said this to the staff of the SEC and to Gensler, which is you think that Schwab, Fidelity, Vanguard, Morgan Stanley, E-TRADE, they need to be told where to send their retail orders, like they don’t have...
...Shein has gone from near zero to holding nearly a fifth of the global fast-fashion market, including the largest share in the US in less than four years....
...Clive Black, a retail analyst at Shore Capital, said: “Should CD&R sell MFG, which it has owned for some years, that equity holding of Morrisons could be quite relevant.”...
Private equity-backed car rental group is struggling as US drivers shun electric vehicles
...This likely boosts market sentiment around [softline retail] stocks....
...Institutions, on behalf of retail investors, have turned yen sellers to acquire the underlying dollar assets....
...Experience-based spending — particularly travel — is holding up....
Also in today’s newsletter: Taylor Swift’s place in football, golf’s changing of the guard, and more
...chief Eddie Wu has strengthened his grip on the sprawling tech conglomerate, reshuffling management once again to take direct charge of its core ecommerce business as it loses market share to rivals PDD Holdings...
...Lower prices put shares in the hands of more retail investors, and are especially helpful for those trading options....
Group has failed to produce profit and sales growth after more than a decade
Plus, Carlyle co-founder gets into baseball, football’s transfer market tanks
...But investors have been leaving the fund and its 1.5 per cent management fee now that they can more efficiently transfer their holdings to lower-cost alternatives, some of which have waived their fees entirely...
...If velocity fell, people would end up holding more money. Eventually, they would tire of holding cumbersome, zero-interest cash, and put it to use. Velocity would rise again....
...The strike, involving as many as 900 workers, is being held in protest against plans by the department store’s owner, 7&i Holdings, to sell the 10-store Sogo & Seibu chain to the US investment fund Fortress...
...That’s why some retail analysts were curious about the Macy’s and DSW announcements....
Plus, F1’s valuation race hots up, multiclub ownership divides the Premier League, and more
...And how long can low-cost retail platforms such as Temu last, given high cash burn? The upshot is that new CEO Alex Chriss needs to revive PayPal via self-help....
...But BAT’s Wheaton took aim at the FDA for “[continuing] to allow the proliferation of youth-appealing vapour products [flavours] like cotton candy and peanut butter cookie which are flooding US retail shelves...
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