The anticipated merger between luxury fashion giants Capri Holdings and Tapestry has been officially called off, marking a significant turn in the business landscape of high-end retail. The decision came after the Federal Trade Commission (FTC) initiated a lawsuit aiming to halt the merger, asserting that it would be detrimental to both consumers and employees
Business
On Wednesday, Liberty Media unveiled a significant transformation, announcing plans to spin off most of its assets, excluding the revered Formula One auto racing division, into an independently traded entity named Liberty Live. This strategic maneuver reflects the company’s ongoing efforts to streamline operations and enhance the direct accountability of its diverse assets to shareholders.
In a rapidly evolving streaming landscape, Netflix has made significant strides with its ad-supported tier, achieving an impressive 70 million global monthly active users since its introduction two years ago. Initially launched in November 2022, this strategic move was in response to a noticeable slowdown in subscriber growth, presenting a more affordable option for viewers
In an astonishing twist of events, Mattel’s latest line of “Wicked”-themed fashion dolls has become the center of attention not due to consumer excitement, but rather because of a significant misprint on the product packaging. Initially intended to engage fans of Universal’s highly anticipated film adaptation of the Broadway hit “Wicked,” the dolls mistakenly directed
As the calendar pages turn towards the end of 2023, the theatrical adaptation of “Wicked” emerges, bringing a refreshing surge of excitement akin to the fervor generated by the release of “Barbie” earlier in the year. Set to launch on November 22, Universal Pictures is ingeniously balancing the exuberance of character-driven narratives with a targeted
The automotive industry stands at a critical juncture as it navigates the shifting tides of regulatory mandates concerning electric vehicles (EVs). Toyota Motor Corporation, a longstanding leader in the automotive sector, has raised significant concerns about the California Air Resources Board’s “Advanced Clean Cars II” regulations. These regulations, set to commence next year, stipulate that
Moderna Inc. has made headlines recently by reporting unexpected profitability in the third quarter of this year. Following a slew of predictions that painted a gloomy picture for the biotech company, the announcement of a $13 million net income, or 3 cents per share, not only overshot Wall Street expectations but also marked a triumphant
E.l.f. Beauty, a prominent player in the cosmetics industry, has demonstrated impressive growth figures, capturing the attention of investors and market analysts alike. The company recently announced a remarkable 40% increase in sales, prompting a notable rise in its market shares by nearly 10% during after-hours trading. This surge reflects not only strong business performance
On Tuesday, Restaurant Brands International (RBI) unveiled its latest quarterly earnings, revealing figures that fell short of market expectations. The company’s underwhelming performance prompted a 2% drop in its stock price during early trading hours. Analysts had anticipated higher outcomes, attributing this to a lackluster growth in same-store sales across RBI’s four major chains. The
In recent years, U.S. homeowners have amassed unprecedented levels of equity in their properties. Current estimates suggest that homeowners collectively hold over $17 trillion in home equity, with around $11 trillion deemed tappable. However, despite the allure of this wealth accessible through home equity loans and lines of credit, many homeowners have been hesitant to