Kontoor Brands announced the sale of its Lee business to Authentic Brands Group for up to $1 billion, including $750 million upfront and a potential $250 million earnout. This move aims to sharpen focus on higher-growth brands like Wrangler and Helly Hansen, improve capital flexibility, and support share repurchases and debt reduction. The transaction is expected to close in the second half of 2026, pending approvals. Kontoor raised its 2026 revenue and earnings outlook following the divestiture, with plans for a $750 million share buyback program.
XRP has experienced renewed volatility this week, trading between $1.35 and $1.55, driven by speculation around ETF activity and institutional interest, including mentions of Goldman Sachs. Regulatory progress with the U.S. CLARITY Act has added opti...
Private equity firms Bain Capital, Warburg Pincus, and Blackstone are considering bids to take Nikkon Holdings private in a deal potentially worth up to $7 billion. Nikkon Holdings, a Tokyo Stock Exchange-listed logistics company with a market cap ar...
Metallium Limited presented its patented Flash Joule Heating (FJH) technology at the Canaccord Genuity Global Metals and Mining Conference, highlighting its potential to revolutionize metals processing and reduce U.S. dependence on China. The technol...
Tesla has officially ended production of its Model S and Model X electric vehicles after nearly 18 years. The Model S, launched in 2012, was a groundbreaking EV with a 400-mile range and helped establish Tesla as a leader in electric cars. Since the ...
Eli Lilly reported positive Phase 3 trial results for retatrutide, a triple hormone drug targeting obesity. Patients on the highest 12 mg dose lost an average of 28.3% of their body weight, with significant improvements in cardiovascular risk markers...
