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Coach owner Tapestry to acquire Michael Kors, Jimmy Choo parent Capri Holdings for $8.5 billion – NBC 5 Dallas-Fort Worth

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11 months ago

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www.nbcdfw.com – Gabrielle Fonrouge,CNBC – 2023-08-10 01:25:02

SUMMARY: Fashion conglomerate Tapestry has announced that it will acquire competitor Capri Holdings in an $8.5 billion deal. The acquisition will create an American fashion giant, bringing together brands such as Coach, Kate Spade, Stuart Weitzman, Versace, Jimmy Choo, and Michael Kors under one house. Capri's shares surged 58% in premarket trading following the , showing investor enthusiasm for the deal. Tapestry's CEO, Joanne Crevoiserat, stated that the acquisition will allow the company to leverage its competitive advantages across a broader portfolio of brands. Capri's CEO, John Idol, believes the deal will provide the company with greater resources and capabilities for global expansion.

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The post Coach owner Tapestry to acquire Michael Kors, Jimmy Choo parent Capri Holdings for $8.5 billion – NBC 5 Dallas-Fort Worth appeared first on www.nbcdfw.com

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Joe Biden interview with George Stephanopoulos: President dismisses concerns, says he’d drop out if the ‘Lord Almighty’ told him

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4 hours ago

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July 5, 2024

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abc13.com – ABCNews – 2024-07-05 23:09:15

SUMMARY: In an exclusive interview with ABC ' George Stephanopoulos, President Joe Biden addressed concerns regarding his age and mental fitness, following a perceived poor debate performance. Stephanopoulos questioned Biden about recent lapses, but Biden defended his accomplishments, including his peace plan for the Middle East and economic growth initiatives. He dismissed worries about his physical condition and insisted he is capable of another term. The interview aimed to reassure the public and recalibrate Biden's campaign strategy amidst declining poll numbers. Despite some Democrats' concerns, Biden emphasized his commitment to running, contingent on divine insight about his chances against Donald Trump.

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Congressional Democrats respond to President Joe Biden’s interview with ABC News’ George Stephanopoulos

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4 hours ago

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July 5, 2024

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abc13.com – ABCNews – 2024-07-05 22:58:09

SUMMARY: Democrats were anxious as President Joe Biden's interview with George Stephanopoulos aired, addressing concerns following a chaotic debate with Donald Trump. Biden labeled the debate a “bad episode” and defended his fitness for office. Though he vowed to continue his campaign, some Democrats voiced worries about his age and mental stamina. Rep. Mike Quigley and three other House Democrats called for Biden to step aside. Sen. Chris Coons defended Biden, while the White House asserted support for his candidacy. House Minority Leader Hakeem Jeffries plans a crucial meeting on Sunday as Biden faces a busy campaign schedule.

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President Joe Biden won’t commit to independent cognitive test when asked in ABC News interview

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4 hours ago

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July 5, 2024

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abc13.com – ABCNews – 2024-07-05 22:52:19

SUMMARY: In his first interview since a poor debate performance, President Joe Biden, 81, refused to commit to independent cognitive and neurological tests. Biden, addressing concerns over his age and cognitive abilities, attributed his performance to a cold and exhaustion, affirming he undergoes regular medical assessments. He insisted that his daily responsibilities validate his mental fitness. Calls for cognitive tests have gained traction, with Dr. Sanjay Gupta recommending detailed testing. While Biden's recent physical showed no new concerns, his medical team deemed further cognitive testing unnecessary. Biden maintained he wouldn't seek reelection if he doubted his mental and physical capacity.

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