Story of the Week Mytheresa Finalizes Yoox Net-a-porter Acquisition, Will Begin Trading as ‘LUXE’ on May 1 Mytheresa has finalized its deal to acquire Yoox Net-a-porter, creating an online mega-group with the aim of becoming a 4-billion-euro business. On Apr 24, Mytheresa confirmed that it purchased 100 percent of YNAP from Richemont through the subsidiary […]
Story of the Week The Vitamin Shoppe Is Being Sold to Private Equity Companies Two private equity firms, Kingswood Capital Management and Performance Investment Partners, have entered into a definitive agreement to acquire The Vitamin Shoppe, which sells vitamins, nutritional supplements and wellness products, from Franchise Group Inc. The Vitamin Shoppe operates more than 650 […]
Story of the Week Trump limits tariffs on most nations for 90 days, raises taxes on Chinese imports Facing a global market meltdown, President Donald Trump on Apr 9th abruptly backed off his tariffs on most nations for 90 days, even as he further jacked up the tax rate on Chinese imports to 125%. It […]
Story of the Week Trump announces sweeping range of reciprocal tariffs, 10% worldwide tariff in ‘Liberation Day’ proclamation Donald Trump unveiled and then enacted a two-step tariff approach on April 2nd as his long-awaited “Liberation Day” plans were released during a Rose Garden event at the White House. The president is imposing a baseline tariff […]