Story of the Week Job Growth Slows in April as Unemployment Rises and Wage Growth Moderates The long-awaited cooling in the labor market may have begun in April, as payrolls climbed by a weaker-than-expected 175,000, while the unemployment rate ticked up slightly to 3.9%. Wage growth also slowed, a sign that the Federal Reserve is […]
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 […]