Last year was tough for Acadia Healthcare, one of the country’s largest providers of mental health services. A slew of federal agencies opened investigations into whether Acadia illegally held patients against their will in its psychiatric hospitals, as described in a New York Times investigation in September. The federal inquiries rattled investors, causing Acadia’s stock…
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…
Frasers Group on Tuesday announced a long-term strategic retail partnership with Accent Group. And “long term” is an accurate description with the deal being a 25-year agreement to launch Sports Direct across Australia and New Zealand. It also sees Accent acquiring MySale the local business of which Frasers took control in late 2022. Frasers said…
G-III Apparel Group and Aldo Group announced on Thursday a new licensing agreement for the heritage American loafer brand G.H. Bass. G.H. Bass Under the new deal, Aldo Group’s Aldo Product Services (APS) will design, manufacture and distribute and sell the Massachusetts-based brand’s footwear, bags, and small leather goods, according to parent company G-III. The seven-year licensing agreement gives…
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…
By Adnkronos Translated by Nicola Mira Published March 25, 2025 Negotiations between Prada and Capri Holdings for the Milanese luxury group’s acquisition of Versace could be concluded in a matter of weeks. According to rumours reported in the last few days by Italian business daily Il Sole 24 Ore, an April 10 deadline has been…
Feb 21, 2025; Dunedin, FL, USA; Toronto Blue Jays first baseman Vladimir Guerrero Jr. (27) participates in media day at the Blue Jays Player Development Complex. Mandatory Credit: Nathan Ray Seebeck-Imagn Images Toronto Blue Jays president Mark Shapiro is confident the team will be able to keep star first baseman Vladimir Guerrero Jr. off the…
UK retail mega-landlord Shaftesbury Capital responded to speculation about its intentions in London’s Covent Garden late Wednesday confirming that it was in talks on a link-up with a major investor, but that it might not happen. Then on Thursday it said the deal was done! The property giant, which also owns vast tracts of London’s…
Mar 19, 2025; Providence, RI, USA; McNeese State Cowboys head coach Will Wade answers questions during the first round practice session press conference at Amica Mutual Pavilion. Mandatory Credit: Gregory Fisher-Imagn Images North Carolina State and Will Wade are in agreement on a deal that will make the McNeese coach the next head coach of…
Boeing is the kind of manufacturer — one that exports billions of dollars of goods — that President Trump says he wants to protect and nurture. But his tariffs could have the opposite effect on the company’s suppliers. Mr. Trump has imposed a few tariffs so far, but he says more are coming in just…