In a surprising turn of events, Capri Holdings Limited and Tapestry, Inc. announced the termination of their highly anticipated merger on Thursday. The decision came in light of the Federal Trade Commission’s successfully instigated lawsuit aimed at blocking the $8.5 billion deal. Both luxury brands acknowledged that it was in their mutual best interest to
Business
The U.S. housing market is undergoing significant transformation, marked by exceptionally strong demand that is giving large homebuilders an advantageous position. Amid this landscape, a notable trend has emerged: smaller builders are becoming increasingly attractive targets for acquisition. According to industry expert Margaret Whelan, founder of Whelan Advisory, this dynamic is reshaping the sector, with
Liberty Media’s recent announcement marks a significant pivot in its corporate strategy. The decision to spin off most assets, apart from its core Formula One auto racing brand, into a distinct entity named Liberty Live highlights a transformative moment for the company. The resignation of CEO Greg Maffei, effective at the end of the year,
In a stunning turnaround, Netflix’s ad-supported subscription model has garnered an impressive 70 million global monthly active users, just two years post-launch. This dramatic increase signals a robust rebound for the streaming giant, as more than half of its new subscribers in applicable regions are opting for these budget-friendly plans. Emerging from a period of
In a surprising turn of events, Mattel has found itself grappling with a considerable public relations nightmare due to a packaging error associated with its “Wicked” fashion dolls. Instead of directing potential buyers to the official website for Universal’s upcoming film adaptation of “Wicked,” the packaging mistakenly points consumers to a pornographic website. This unfortunate
In a year dominated by vibrant marketing strategies, the stage is set for Universal’s highly anticipated film adaptation of the Broadway sensation ‘Wicked,’ slated for release on November 22, 2023. Building on the immense success of last summer’s pink-tinted ‘Barbie’, this film is injecting a fresh hue into Hollywood’s merchandise landscape with a marketing approach
In the ever-evolving landscape of electric vehicles (EVs), Rivian Automotive stands at a critical juncture as it navigates financial challenges and operational uncertainties. The company faced a setback when it lowered its earnings forecast for the year, stemming from underwhelming third-quarter results that fell short of Wall Street expectations. This analysis delves into the company’s
Lucid Group, an emerging player in the electric vehicle (EV) market, recently announced its third-quarter performance, which offered a mixed bag of results against Wall Street’s expectations. While highlights emerged in the form of surpassed revenue estimates and strategic cost-cutting, the company still faces significant hurdles, including widening losses and operational challenges. In a notable
The landscape of streaming entertainment is rapidly evolving, and Warner Bros. Discovery’s latest performance report for its streaming service, Max, illustrates the remarkable changes within this sector. With a substantial addition of 7.2 million global subscribers in the third quarter of this year, Max reached an impressive total of 110.5 million subscribers by September 30.
E.l.f. Beauty has recently demonstrated remarkable sales growth, posting a staggering 40% increase in revenue in its second fiscal quarter. This impressive trajectory led the cosmetics retailer to revise its full-year guidance upward, anticipating sales between $1.32 billion and $1.34 billion for fiscal 2025, a notable enhancement from previously projected figures of $1.30 billion. The