Coach and Michael Kors. Michael M. Santiago | Eduardo Parra | Europa Press | Getty Images A federal judge blocked Tapestry's acquisition of Capri on Thursday following a brief trial last month in New York. In her order, Judge Jennifer Rochon granted the Federal Trade Commission's motion for a...
CDC told McDonald’s about potential E. coli outbreak late last week
A customer walks out of a McDonald’s restaurant in Omaha, Nebraska, on Oct. 23, 2024. Mario Tama | Getty Images The Centers for Disease Control and Prevention told McDonald's late last week about a potential link to an E. coli outbreak, company spokespeople said Wednesday. At that time, the...
Starbucks shares slide after coffee chain says sales fell again, suspends outlook
Starbucks cups are pictured on a counter in Manhattan, New York, on Feb. 16, 2022.Carlo Allegri | ReutersStarbucks on Tuesday posted preliminary quarterly results that showed its sales fell again as the coffee chain tries to execute a turnaround."Our fourth quarter performance makes it clear that we need to fundamentally...
Disney will name Bob Iger’s replacement in early 2026; James Gorman to become board chair next year
Disney has tapped James Gorman to replace Mark Parker as the company's next chairman, effective in January, as the media giant lays the groundwork to name a successor for CEO Bob Iger in early 2026, the company said Monday. Gorman joined Disney's board less than a year ago and...