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...Rohit Chopra, director of the Consumer Financial Protection Bureau, warned about the effects of large deals on competition and financial stability....
...Richemont, which also owns jeweller Cartier and fashion house Chloé, bought Net-a-Porter in 2010 before merging it with Yoox five years later in a fraught deal that led to the departure of Net-a-Porter founder...
...The fund held about $2bn in assets at the start of 2020 but took in nearly $8bn in net new flows over the second half of that year, ending 2020 with more than $17bn in assets, according to Morningstar Direct...
...Google this year added a new premium tier to its Google One consumer subscription service for users who wanted to use its most advanced Gemini chatbot....
...Other recent partner-level exits include Solomon’s longtime lieutenant, Jim Esposito, Beth Hammack, co-head of the bank’s financing group and the former head of its consumer and wealth division Stephanie...
...Privately held Vitol, which employs about 1,800 people, made a record $15.1bn in net profit in 2022 and about $13bn in 2023, making it one of the most profitable companies in the world on a per capita basis...
UK fashion brand on the brink of collapse, threatening hundreds of jobs
...Amazon said in February that Bezos — who is among the world’s richest people with a net worth of $190bn, according to Forbes — planned to sell up to 50mn Amazon shares via broker Morgan Stanley by the end...
...On a net basis after fees, that falls to 24 per cent, annualised. The divergence shows just how much difference fees and costs can make to returns....
...In its complaint, the FTC argued — as expected — that the tie-up would lead to higher prices, plus lower product quality and services for consumers....
...Net profit was NT$225.49bn in the three months to March 31, the world’s largest chip manufacturer said....
Billionaire Morris family payout follows rising sales and profits during cost of living crisis
...Inflation-weary consumers are spending less on clothes. Hybrid work arrangements mean sweatpants and leggings still rule. It has also faced new competition from the likes of Nuuly and Armoire....
...“We’ve seen an increase in value-seeking behaviours from consumers,” chief executive Jeff Harmening told analysts on Wednesday. Net sales growth in North America was flat....
...The filing also shows that at the end of 2022, the company had net debt of $5.8bn....
...It wouldn’t be tolerated in any other consumer-facing industry. . . . as long as French and German ATC don’t (expletive) it all up in March, April, May, I think all operators in Europe will be positioned...
...Peltz is best known for his activist campaigns at consumer goods companies such as Procter & Gamble, Wendy’s and Unilever....
...A Kroger spokesperson said that blocking the deal would “harm the very people the FTC purports to serve: America’s consumers and workers”....
...While this could replace work done previously by humans, he argues that there is “a net growth opportunity” instead. He explains: “The cost of producing a single page has gone down by 90 per cent....
...“This is evidence of China’s progress . . . driven by factors such as robust government backing; heightened investments in research and data availability; and a receptive consumer attitude towards adopting...
...Brussels blocked the deal a year later over concerns it would limit consumer choice and hurt innovation. Illumina appealed to the EU court but it sided with the commission in 2022....
...UBS said the new arrangement with Apollo — which included the transfer of $8bn of senior secured financing facilities — would result in a $300mn net gain for the bank....
French hotel group’s plan for two superyachts underlines growing Middle Eastern interest in luxury travel sector
...“You have this extraordinary equity market performance but also some red flags, particularly when it comes to more economically sensitive consumers.”...
...Cannae’s own net asset value per share of $2.4bn, or $34 per share, is well above its trading price of $22 per share....
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