Story of the Week Trump signs U.S.-India trade deal U.S. President Donald Trump’s announcement on Feb 2nd that he has agreed to a trade deal with India comes hot on the heels of Europe’s own trade agreement with New Delhi, signaling Washington is not willing to be outdone by its global competitors. The U.S. deal […]

Story of the Week WHP Global to pay $300M for controlling stake in Lands’ End On January 26, Lands’ End and WHP Global announced that they are forming a joint venture, with the brand management firm paying $300 million in cash to acquire a 50% controlling stake in the apparel brand. The brand, in turn, […]

Story of the Week TikTok forms U.S. joint venture, names a CEO TikTok said Thursday that it formed a joint venture that will keep the video-sharing app operating in the United States. The short-form video company said that Adam Presser will be the CEO of TikTok USDS Joint Venture, while TikTok CEO Shou Chew will […]

Story of the Week Saks Global files for bankruptcy, shakes up leadership after a year of struggles On January 14th, Saks Global filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas. The move comes after a year of financial struggles following a $2.7 billion deal to merge Saks Fifth […]

Story of the Week Report: Anta makes offer to buy stake in Puma Anta Sports Products has “offered to buy 29%” of Puma from the Pinault family, according to sources cited by Wu & Crowley of Reuters. Anta “made the offer a few weeks ago” and sources noted the company has “secured financing for the […]