Story of the Week Tapestry and Capri terminate merger agreement Tapestry and Capri Holdings have terminated their merger agreement, the companies said in separate press releases Thursday. Tapestry said terminating the agreement is in the best interest of both companies, “as the outcome of the legal process is uncertain and unlikely to be resolved” by […]

Story of the Week Dow soars 1,500 points to record high in best day since 2022 after Trump election win Stocks rallied sharply on Nov 6th, with major benchmarks hitting record highs, as Donald Trump won the 2024 presidential election. The Dow Jones Industrial Average surged 1,508.05 points, or 3.57%, to a record close of […]

Story of the Week Hilco Global and TPG Angelo Gordon Ink Consumer-Focused JV with Bluestar Alliance Hilco Global and TPG Angelo Gordon have formed a new joint venture that will identify, acquire, and finance consumer brands and IP in partnership with Bluestar Alliance, LLC. No financial terms were disclosed. On the transaction, Ryan Mollett, global […]

Story of the Week CDC Says 75 People Affected in E. Coli Outbreak Linked to McDonalds A deadly E. coli outbreak linked to McDonald’s Quarter Pounders has led to 75 cases in 13 states, the Centers for Disease Control and Prevention said Friday, as it investigates the source of the spread. The outbreak has led […]

Story of the Week Kirkland’s Home and Beyond, Inc. to Revitalize Bed Bath & Beyond Brand with Neighborhood Store Strategy Through New Strategic Partnership Kirkland’s, Inc., a specialty retailer focused on on-trend and seasonally relevant home decor at a great price, and Beyond, Inc., owner of Bed Bath & Beyond, Overstock, and Zulily, announced that […]