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Traders Fear Antitrust Risk in $8.5 Billion Deal Between Coach, Michael Kors Owners

The merger arbitrage investor community turned increasingly bearish on the deal last week, as they interpreted some comments from FTC officials at a conference as negative for the deal.

Mon Apr 15, 2024 23:18
US Retail Sales Top Forecasts as Consumers Keep Fuelling Growth

The value of retail purchases, unadjusted for inflation, increased 0.7 percent from February, Commerce Department data showed Monday.

Mon Apr 15, 2024 23:18
Tapestry Merger With Versace Owner Capri Gets EU, Japan Approval

The merger, which would bring top luxury labels such as Tapestry’s Kate Spade, Stuart Weitzman and Capri’s Jimmy Choo and Versace under one roof, still awaits approval from the United States.

Mon Apr 15, 2024 23:18
Online Marketplace Verishop Acquires Data Firm Trendalytics

E-commerce marketplace Verishop bought data analytics firm Trendalytics in a cash and equity deal that closed in March. Financial terms of the deal were not disclosed.

Mon Apr 15, 2024 23:18
Balmain Names New CEO

French fashion house Balmain has appointed Matteo Sgarbossa as chief executive, effective May 6.

Mon Apr 15, 2024 23:18
China’s Q1 GDP Growth Likely to Slow, More Stimulus on the Cards

The world’s second-largest economy has struggled to mount a strong and sustainable a post-pandemic bounce, burdened by a protracted property downturn, mounting local government debts and weak private-sector spending.

Mon Apr 15, 2024 18:45

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