Kate Spade owner Tapestry agrees $8.5bn deal for Jimmy Choo parent Capri
NY-based group says tie-up will bring together six well-known brands with combined revenues of more than $12bn
Luxury goods, Mergers & Acquisitions
How tolerance makes nations vulnerable
The disinformation surrounding Koran burnings in Sweden bear out philosopher Karl Popper’s warnings
Social Media
What’s stopping the buildout of US power lines
Also in today’s newsletter, Joe Biden touts clean energy jobs on the campaign trail
Renewable energy
China/Geely: high-end electric cars pose challenge to European rivals
Luxury models are competing with marker leader Tesla and sales are strong
Electric vehicles
FCA tells UK asset managers to prove they offer value for money
Regulator warns it will take action over firms that fail to make necessary improvements in wake of new consumer duty
Financial & markets regulation
Ladbrokes owner Entain puts aside £585mn to settle bribery probe
Group close to deal with UK authorities to resolve alleged bribery offences at former Turkish subsidiary
Travel & leisure industry
Japanese and South Korean shares surge on return of Chinese tour groups
Markets cheer Beijing’s move to scrap pandemic-era restrictions on overseas travel to 78 countries
Travel & leisure industry
The dark side of the US sports betting boom
Americans have bet $245bn on sporting events since restrictions were loosened in 2018. But many fear a surge in gambling addiction is coming
Travel & leisure industry
CVC explores sale of troubled Kenyan tea plantation
Kericho site in Kenya had a history of violence and sexual abuse allegations before Unilever sold it to private equity last year
Mergers & Acquisitions
The little activist Engine that couldn’t
Plus, CVC learns the price of ESG after Unilever tea deal
Mergers & Acquisitions