Story of the Week FTC sues to block Coach parent Tapestry’s acquisition of Capri Holdings The U.S. Federal Trade Commission has sued to block the $8.5 billion acquisition of Capri Holdings by Coach and Kate Spade’s parent company, Tapestry. The move by regulators brings at least a temporary halt to a deal that would marry […]
Story of the Week StubHub eyes summer IPO, seeks $16.5 billion valuation StubHub is eyeing a summer initial public offering, a person familiar with the matter told CNBC. The online ticketing service is aiming for a valuation of at least $16.5 billion, which is what it was valued at in late 2021 during its latest […]
Story of the Week Spanish cosmetics group Puig seeks at least $2.7 bln in local IPO Cosmetics group Puig, owner of brands such as Carolina Herrera, Rabanne and Charlotte Tilbury, announced plans to raise more than 2.5 billion euros ($2.71 billion) in Spain’s largest initial public offering in almost a decade. The family-owned company aims […]
Story of the Week Authentic Brands Group Initially Agrees to Buy Champion From Hanesbrands Inc. After a bidding process that went on for weeks, Authentic Brands Group came out the winner after agreeing to buy the athletic apparel label Champion from Hanesbrands Inc. for a little more than $1 billion. No formal agreement has been […]
Story of the Week Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales Home Depot on Thursday said it is acquiring SRS Distribution in an $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home […]