Hints and tips:
...The antitrust regulator on Monday alleged that the acquisition would eliminate “head-to-head” competition among the groups’ brands, including Capri’s Michael Kors as well as Tapestry’s Kate Spade and Coach...
...Tapestry owns Coach and Kate Spade while Capri sells Michael Kors. When the deal was announced last summer, there was little concern that the combination would be blocked....
...On Tuesday, the antitrust regulator sued to block an $8.5bn tie-up between the owners of Michael Kors and Coach, saying the deal would end “head-to-head” competition between the groups’ brands, which specialise...
...The New York fashion company is buying Capri Holdings, home to Versace, Jimmy Choo and Michael Kors, for $8.5bn including debt....
...Michael Greenberg, his son and co-founder, is president. With an unshakeable grip, the pair run Skechers very much as a family business....
...In 1983, he founded Aristotle Inc, a technology consultancy that sold voter data to political campaigns....
...US luxury goods group Tapestry has agreed to buy Versace and Michael Kors-owner Capri Holdings for $8.5bn, in one of the biggest attempts to create a US rival to the European powerhouses LVMH and Kering....
...said Michael Ice, an associate professor of finance at the University of Rhode Island who worked for decades on Wall Street including at foreign groups such Rabobank, UBS and HSBC....
...The BlackRock US Carbon Transition Readiness fund began trading on Thursday, eclipsing the previous largest ETF listing, the iShares ESG MSCI USA Leaders fund, which debuted with $850m in May 2019....
...The trade group, which counts Krispy Kreme, Bimbo Bakeries USA and Pepperidge Farm as members, recently met officials at the US Environmental Protection Agency to urge lower federal mandates for biofuels...
...Shares in Capri Holdings — owner of Michael Kors, Jimmy Choo and Versace — have fallen 65 per cent in the past year....
...But for a distinctly American brand, made in the USA has to be the goal. Robert Armstrong is the FT’s US financial editor....
...Letter in response to this article: Apple and Google must publish tracing algos / From Michael Hobbs, Founder, Reputable Ventures, London N13, UK...
...Why hasn’t America produced another Michael Kors or Tommy Hilfiger? It’s very expensive for a designer to start up and get momentum now....
...Inc — in other words offering a dire signal on the outlook”....
...Project Runway, the 15-year-old, mass-market show in which fashion moguls such as Michael Kors and Zac Posen judge the work of aspiring designers through a series of contests, has now spawned two streaming...
...The shutdown has already brought casualties: MSK Zilina, seven-time football champions of Slovakia, and USA Rugby, the sport’s national governing body, are among those to declare bankruptcy in recent days...
...Gannett, publisher of USA Today, has agreed to be acquired for about $1.4bn by GateHouse Media, which is controlled by Softbank’s Fortress Investment Group, in a deal that will combine the two largest owners...
...The enterprise value-to-trailing ebitda ratio of about 17 is above that of most recent luxury deals, though not Michael Kors’ purchase last year of Gianni Versace....
...Mr Burke, 57, chief executive of HSBC USA since 2014, will retire in October and be replaced by an outsider, Michael Roberts, who previously led Citigroup’s global corporate bank....
...The London-headquartered bank said Patrick Burke, 57, who has worked for HSBC since 1989, would retire as chief executive of HSBC USA in October and be replaced by Michael Roberts, an executive who has worked...
...Houlihan Lokey has hired Michael Collinson as a managing director in the consumer, food and retail group, based in London. Collison was previously a managing director at William Blair....
...accessible luxury represented by the eponymous Michael Kors brand....
...GFG did not disclose the revenues or earnings of KCI, which is being acquired through its existing Liberty Steel USA company, but said it had been “consistently profitable”....
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