By Reuters Published May 31, 2025 A Skechers USA shareholder has sued the footwear maker for more details about its $9.4 billion buyout by private equity firm 3G Capital, saying the decision by Skechers’ founder and controlling shareholder to sell raises “red flags.” Reuters According to a complaint filed on Thursday in Los Angeles…
By Reuters Published May 28, 2025 Model Hailey Bieber’s makeup and skincare brand, Rhode, is being snapped up by Elf Beauty for about $1 billion, giving the budget cosmetic retailer access to a celebrity-endorsed product line that has become hugely popular among Gen Z and millennials. Rhode Elf said on Wednesday it would pay Rhode shareholders…
Translated by Nazia BIBI KEENOO Published May 15, 2025 Dick’s Sporting Goods has confirmed its $2.4 billion (€2.14 billion) acquisition of global sneaker retailer Foot Locker, validating earlier reports from the American press. The deal, priced at $24 per share, includes roughly 2,400 stores operating in nearly 20 countries. Interior view of a Foot Locker…
The U.S. welcome mat is rolling up — at least that’s how some international travelers see it, according to the World Travel & Tourism Council, a global organization representing the travel and tourism industry. And the cost for that hospitality lapse will be high. The United States is on track to lose $12.5 billion in…
The Trump administration has halted $1 billion for mental health services for children, saying that the programs funded by a bipartisan law aimed at stemming gun violence in schools were no longer in “the best interest of the federal government.” Lawmakers authorized the money in 2022 after a former student opened fire at an elementary…
Apple built its business by innovating. But lately, it’s been leaning on diplomacy. Tim Cook, Apple’s chief executive, recently scored exemptions from tariffs on exports of Chinese-made iPhones. The maneuver freed Apple to focus on business, and lately, business has been good. A new, lower-priced iPhone, which the company introduced in February, and strong sales…
By Bloomberg Published April 22, 2025 A high-stakes legal dispute has cast new light on the fortunes behind French luxury brand Hermès. A legal complaint filed in Washington, D.C. accuses 82-year-old Nicolas Puech—an heir to the Hermès dynasty—of failing to transfer shares worth approximately €14 billion ($16 billion) under a private agreement. Hermès International boutique…
Hi, all! Genevieve here, stepping in for Emily. Leading up to this tax day, it’s been an interesting few weeks that have caused me to stop checking my retirement account (deep breath) and to consider even more how much to spend on food. I was raised to be frugal and remain a lover of good…
By Bloomberg Published April 7, 2025 Bangladesh is looking to hold talks with the Trump administration in a bid to lessen the blow from a US decision to impose a 37% tariffs on goods that could devastate the country’s $40 billion garment export industry. Shutterstock Bangladesh is seeking ways to reduce its trade surplus with…
OpenAI said on Monday that it had completed a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just six months ago. The new fund-raising round, led by the Japanese conglomerate SoftBank, values OpenAI at $300 billion, making it one of the most valuable private companies in the world, along with the…