New York Post

Macy’s ended talks with the activist investors Arkhouse Management and Brigade Capital, claiming they lack the funds to acquire the largest department store in the world, Macy’s said on Monday.

The Macy’s board has “unanimously determined to terminate discussion with Arkhouse and Brigade that have failed to lead to an actionable proposal with certainty of financing at a compelling value,” the company said in a statement.

The companies entered into exclusive discussions in March after Arkhouse and Brigade upped their offer to $24 per share from $21 late 2023 and indicated that they would go even higher after more due diligence, according...

Macy’s scraps talks to go private for $6.9B with activist investors Arkhouse and Brigade

British luxury brand Burberry is replacing its chief executive following another disappointing quarter in which sales plunged more than 20%.

Burberry CEO is out after company warns about its profit

Reuters

(Reuters) -Meta Platforms is in talks to acquire a stake of about 5% in EssilorLuxottica, its production partner for Ray-Ban smart glasses, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Meta in talks to buy 5% stake in Ray-Ban maker EssilorLuxottica, WSJ reports

VF Corporation (VFC) shares soared Wednesday after the struggling clothing retailer announced that Paris-based retailer EssilorLuxottica purchased its Supreme streetwear brand for $1.5 billion in cash. VF's chief executive officer, Bracken Darrell, said that because of Supreme’s “distinct business model and VF’s integrated model, our strategic portfolio review concluded there...

VF Stock Soars as Company Sells Supreme Brand to Ray-Ban Owner EssilorLuxottica

EssilorLuxottica and VF Corp. have entered into a definitive agreement for EssilorLuxottica to acquire the Supreme brand from VF for $1.5 billion in cash. EssilorLuxottica is the parent company for the Oakley, Native Eyewear, Ray-Ban and Costa sunglass brands. VF Corp. closed on its acquisition of Supreme in December 2020 for an aggregate base purchase price of $2.1 billion.

EXEC: VF Corp. Divests Supreme Brand to Oakley Parent in Cash Deal

Lancaster County, PA

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NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

New York City, NY

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

The two rappers recently made headlines for their love triangle with King Von's sister, Kayla B. It looks like Sexyy Red and Chief Keef are cooking up something special together. The St. Louis native announced in an interview with Viper Magazine that she and Keef have a joint album on...

Sexyy Red Announces Joint Album With Chief Keef: 'We’ve Been Working'

Indiana State

Franklin, IN

A wave of closures is hitting Pizza Hut, a pizza chain known for its iconic slanted-roof buildings, with 6,775 locations feeling the pinch in the tough restaurant industry landscape.

A well-known pizza chain with over 6K locations has begun closing some of its stores

Markets Insider

A recent negative ratings downgrade by S&P is just the latest sign that the freight industry is still struggling to find footing.

America's freight recession is showing no signs of ending

Hamilton Township, NJ

Rainbow Shops, a popular clothier known for its youth clothing, is preparing to shut down its location at the Hamilton Mall in Hamilton Township, New Jersey. The store is currently offering a hefty 40% discount on all items as part of its liquidation sale.

Popular Clothing Store Offers Offers Deep Discounts, Closing 950 Locations in Struggling Mall

Rising rapper Speedy1Up has just dropped his new video, “Jungle”, directed by Reece Selvadorai. Backed by production from Mark Motta, Speedy takes us through the reality of his surroundings growing up and how the mistakes he made in his youth led to his parents sending him to live in Nigeria. Pouring both sides of his upbringing into the track, Speedy1Up filters his UK and Yoruba influences into a rap-leaning Afroswing joint.

Speedy1Up Shares Candid Afroswing Single “Jungle”

Billionaire investor Ken Griffin, founder and CEO of hedge fund Citadel, purchased a late Jurassic stegosaurus skeleton for $44.6 million at Sotheby's on Wednesday, marking the most valuable fossil ever sold at auction. The 150 million-year-old stegosaurus named "Apex" measures 11 feet tall and nearly 27 feet long from nose...

Citadel's Ken Griffin buys a stegosaurus for $45 million in a record auction sale

There's a set of New Balance styles dropping next week, but they won't be easy to acquire. Earlier today, New Balance unveiled the newest Made in USA 997 and 990v6 colorways on Instagram. Unfortunately for sneaker fans who are looking to purchase a pair, the sneakers will only be available at its upcoming La Marais pop-up store in Paris. According to the brand, this collection is designed in reference to the city being a convergence of art, heritage, and craftsmanship. The sneakers don predominantly tan and brown color schemes and are offset by green and red accents throughout, including on the "N" logo on the sides.

You Can Only Buy These New Balances in One Place

Kianna Writes

Some big news in the toy world: Basic Fun, the company behind beloved brands like Care Bears, Tonka, and Lite Brite, has filed for Chapter 11 bankruptcy protection. This comes as a shock to many, especially considering the company’s massive portfolio and its deep roots in childhood memories for so many of us.

Major Toy Company Declares Massive Bankruptcy With Debts Between $50 and $100 million

Robb Report















	The party might be over, or at least morphing into a more sober event as many of the world’s leading drinks companies are reporting declining sales in their spirits divisions. Constellation Brands, Pernod Ricard, and LVMH have all reported a slump in consumer demand for scotch whisky, Cognac, bourbon, and other spirits, a marked reversal from the boom times during the height of the pandemic (as glib as that might sound, sales skyrocketed when people were staying home). Add Diageo, one of the biggest drinks companies in the world, to the list, and some analysts are even going so far...

One of the World’s Largest Spirits Brands Could Be a Takeover Target: Analyst

A severe Toronto storm evidently flooded Drake's home with dirty water. Drake can't catch a break. Surging through Toronto this week was a severe storm, with major floods impacting residents. One of whom was The Boy, who shared an Instagram Story on Tuesday, with brown water splashing through a section of his mansion.

Drake Posts Video of Toronto Mansion Flooded With Brown Water: 'This Better Be Espresso Martini'

Kim Kardashian has given fans the backstory to her gruesome finger injury. On the latest episode of Hulu's The Kardashians, the entrepreneur and mother of four, 43, revealed how she broke the index and middle fingers on her left hand to the point that bone was exposed. According to Kardashian, she was distracted by her eight-year-old son, Saint, while at home, while she was closing a sliding door. Kardashian had previously shared a quick peek of her bandaged fingers on TikTok earlier this year.

Kim Kardashian 'Fell to the Ground' After Injuring Her Finger With Sliding Door: 'Bone Sticking Out a Little Bit'

Washington State

Mill Creek, WA

Timothy A Gruver

The Washington State Department of Labor & Industries reported on Wednesday that it fined four roofing contractors more than a million dollars for letting their workers perform on top of homes without fall protection gear, among other safety violations.

Roofing Companies Fined $1.27M for Endangering Workers

Miami, FL

Ahead of the opening of a new flagship store in Miami, Jimmy "Heat Wentz" Butler is letting the world know that his BigFace brand is intended "for everybody." For those unfamiliar, the Butler-founded brand’s mission is centered on imagining a reality built atop "better coffee, big dreams, and bigger smiles." While coffee remains the focus three years removed from the brand’s official launch, key merchandise pieces have helped drive home the message, including a recent trio of mesh short styles and a softwash logo tee.

Jimmy Butler Wants to 'Keep Everybody Guessing' as He Continues to Expand His BigFace Brand

NewsBreak

Supreme Goes to EssilorLuxottica for $1.5 Billion After 'Limited Synergies' With VF Corp.

Roughly two months after reports surfaced suggesting that Supreme was being shopped to new potential buyers by VF Corp., a deal has been reached that will...

Supreme Goes to EssilorLuxottica for $1.5 Billion After 'Limited Synergies' With VF Corp.

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