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President-elect Donald Trump, House Speaker Mike Johnson to meet at Army-Navy GameNEW YORK, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Interparfums, Inc. (NASDAQ GS: IPAR) ("Interparfums" or the "Company") today announced that its 72% owned French subsidiary, Interparfums SA, has obtained all Off-White brand names and registered trademarks for Class 3 fragrance and cosmetic products, subject to an existing license that expires on December 31, 2025, when Interparfums will begin commercial use of the fragrance brands. The two companies will build a long-term relationship to work in unison on strategies, category launches, and market initiatives. Founded in 2012, by the late designer Virgil Abloh, Off-White is known for its high-end streetwear influences and bold approach to youth luxury. When Virgil Abloh founded Off-White, he sought to establish a brand with a universal design language that was artistic, disruptive and a reflection of concepts explored in the realm of youth culture. Off-White is globally recognized for its: Conceptual and artistic dimension, viewing fashion as an art form; Deconstructionist aesthetic, including contrasting materials and functional details; Distinct and recurring brand symbols that have become icons in the fashion world, such as crossed arrows, quotation marks and the "X" logo; and Dedication to social and cultural causes, supporting initiatives for diversity and inclusion in the fashion sector, particularly in the field of design. Jean Madar, Chairman & Chief Executive Officer of Interparfums noted, "Off-White blends the worlds of streetwear and luxury in a spirit of talent and inventiveness. This is a tremendous opportunity for us considering the brand's unique positioning, not to mention Virgil Abloh's impressive creative legacy. This brand will help us explore new openings for fragrances in the luxury sector." About Interparfums, Inc.: Operating in the global fragrance business since 1982, Interparfums, Inc. produces and distributes a wide array of prestige fragrance and fragrance related products under license agreements with brand owners. The Company manages its business in two operating segments, European based operations, through its 72% owned subsidiary, Interparfums SA, and United States based operations, through wholly owned subsidiaries in the United States and Italy. The portfolio of prestige brands includes Abercrombie & Fitch, Anna Sui, Boucheron, Coach, Donna Karan/DKNY, Emanuel Ungaro, Ferragamo, Graff, GUESS, Hollister, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lacoste, MCM, Moncler, Montblanc, Oscar de la Renta, Roberto Cavalli, and Van Cleef & Arpels, whose products are distributed in over 120 countries around the world through an extensive and diverse network of distributors. Interparfums, Inc. is also the registered owner of several trademarks including Lanvin and Rochas. Forward-Looking Statements: Statements in this release which are not historical in nature are forward-looking statements. Although we believe that our plans, intentions, and expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such plans, intentions, or expectations will be achieved. In some cases, you can identify forward-looking statements by forward-looking words such as "anticipate, "believe", "could", "estimate", "expect", "intend", "may", "should", "will", and "would" or similar words. You should not rely on forward-looking statements, because actual events or results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to, the risks and uncertainties discussed under the headings "Forward Looking Statements" and "Risk Factors" in Interparfums' annual report on Form 10-K for the fiscal year ended December 31, 2023, and the reports Interparfums files from time to time with the Securities and Exchange Commission. Interparfums does not intend to and undertakes no duty to update the information contained in this press release. Contact Information: Interparfums, Inc. or The Equity Group Inc. Michel Atwood Karin Daly Chief Financial Officer Investor Relations Counsel (212) 983-2640 (212) 836-9623 / kdaly@equityny.com www.interparfumsinc.com www.theequitygroup.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Looking for big returns for your portfolio? Then look no further, that's because analysts are tipping these buy-rated ASX shares to rise strongly from current levels. Here's what they are saying about them: ( ) Last week, Morgans upgraded this embattled fund manager's shares on the belief that has been overdone and created a buying opportunity. Particularly given that funds under management (FUM) outflows relating to its investment in the Adani Group may not be as bad as feared. It said: An assessment of some of GQG's FUM shows some outflows likely occurred directly post the Adani news. While there is some near-term outflow risk (including headline risk in the imminent FUM update given previous flow strength), based on fund performance we do not expect this to persist for an extended period. The Emerging Markets (EM) fund (>10% exposure to Adani) outperformed its benchmark by ~1% in November. Over timeframes 1-5 years, all strategies have outperformed benchmarks meaningfully (ranging ~180bp – 920bp). GQG will implement a A$100m buyback (~1.5% of shares) commencing 6-Dec. Uncertainty on the investment performance impact of the Adani news was high at the onset, but can now be assessed and has been minor to-date (Adani vehicles -11% to +14%; EM outperformance in Nov). There is some outflow risk and Adani news flow risk (if GQG remains invested), but we believe there is solid underlying business strength and value at ~9.5x FY25F PE. Morgans has put an add rating and $2.47 price target on its shares. This implies potential upside of approximately 19%. In addition, a 10% is forecast in FY 2025. ( ) Goldman Sachs thinks that this engineering company's shares could be undervalued at current levels. The broker is positive on the company's outlook due to it being "well positioned to play a role in enabling the transition from fossil fuels to a more sustainable energy mix." It also highlights that the ASX share is forecasting strong growth in FY 2025 despite economic and geopolitical uncertainty. It said: At its Nov AGM WOR reiterated expectations for low double digit FY25e EBITA growth in a period of moderating growth due to economic and geopolitical uncertainty. Despite re-iterated guidance, general uncertainty around capital expenditure plans in key end markets and timing/uncertainty around discrete major projects has seen WOR's share price lag, in our view. We have assessed earnings levels being capitalised at the current share price and believe the risk/reward remains positively skewed. Goldman has a buy rating and $18.00 price target on its shares. This suggests that upside of 35% is possible over the next 12 months.49ers running back Christian McCaffrey headed to IR with an injured right knee
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As President-elect Donald Trump promises to take immediate action on a number of fronts once he returns to the White House, he and House Speaker Mike Johnson will continue their talks about the upcoming agenda Saturday at the in Landover. The Republican congressional leader, whose son is a at the Naval Academy in Annapolis, is a key Trump ally expected to help push the president’s plans through Congress. “American families are ready to see an American First agenda and we’re excited about that,” Johnson said at a news conference Tuesday. “You hear a lot of talk about the agenda and how it will be formulated and come together right out of the gates in early January. We’re working on that right now. In fact, House Republicans are already working to enact that agenda.” The football game could be one of a few Maryland-based conversations for how that agenda comes together. While the lawmakers have not officially announced other meetings, House GOP leaders are expected to meet for a daylong retreat in the days after Congress begins its next session Jan. 3 — a retreat that is likely to be in Baltimore, the political news organization Punchbowl News reported. Johnson said he and Trump would be talking “in-depth” about their “playbook” this weekend. The top priority, he said, is curtailing the flow of undocumented immigrants at the southern border and tax reform, both of which could be addressed early in 2025. Some of the work is already underway, he noted, began last week with Elon Musk and Vivek Ramaswamy with House and Senate Republicans about their plans to significantly cut the federal budget. Trump has named the two wealthy businessmen to run a new Department of Government Efficiency, or DOGE. Trump also as president-elect in 2016, when the 71,600-person crowd greeted him with chants of “USA, USA.” Johnson said Tuesday some of his son’s Naval Academy classmates had recently visited the Capitol. “I guess I got to say ‘Go Navy,’ because my son’s there,” Johnson said. “But President Trump is coming to the game and others, and we’ll all be there together. It’ll be a lot of fun.”Illinois Divorce Attorney Russell D. Knight Releases Article on Legal Considerations in Property Sales Without Spousal ConsentThese ASX shares could rise 19% and 35%
Sony's PC Gaming Earbuds Get Biggest Discount Yet For Black Friday - GameSpotThe director of Borderlands 3 , Paul Sage, recently founded a new studio called Ruckus Games and began the production of its debut video game: an unnamed co-op third-person shooter that sounds both promising and ambitious. In an interview with GamesRadar , Sage reflected on his career and talked about the trials & tribulations of working with AAA video game companies. One of the main points he made was about how studios care too much about the expectations of new entries in established franchises – which doesn’t surprise us considering he worked on big IPs like Borderlands and The Elder Scrolls – and that they often play it too safe as a result of these precautions. “We can’t move in a direction that the creative people who are working on it want. You start to go back to the mechanics that you’ve had before, before introducing new mechanics” Sage stated, further confirming that creatives often have to jump through a lot of hoops in order to implement the fresh & new gameplay mechanics that they want. Sage continued with his criticisms by claiming, “This happens all the time in franchise development, I can’t mention the specific mechanic, but it’s something that gets really frustrating. Again, when you walk about the way some of these huge franchises work, you’re getting people who don’t need to be a part of the creative process explaining how the creative process works”. Sage clearly didn’t want to point any fingers, but considering that he worked on Borderlands 3 , Borderlands: Game of the Year Enhanced , Duke Nukem 3D: 20th Anniversary World Tour , Battleborn, and more, it’s most likely that he often clashed with higher-ups are either Gearbox Software or it’s publisher, 2K. Paul Sage also revealed that AAA game companies tend to interrupt the production of new games in order to do focus tests way too early in development: “The best of intentions are there. But there’s a point in time where, if you’re halfway through a feature, you don’t want people to look at it, because what they’re seeing is not going to be the full picture (...) So you want to get those evaluations done at the right time, but you have people who get nervous because big money is involved”. Curiously enough, he’s not the only game director who recently criticized AAA companies of being too controlling and playing it safe. A few months ago, Suda51 revealed that game studios pay too much attention to Metacritic scores and that this usually affects the development of many projects. This statement is not a surprise, since Suda experienced this harsh supervision firsthand when he was making Shadows of the Damned with Electronic Arts , and the publisher controlled and changed his product in ways that “broke his heart”. The worst part is that it seems that most gamers agree with the director of Borderlands 3 . On social media websites like Reddit, some users said that this is an issue that is plaguing AAA game production, and it often leads to a ton of rewrites and delays that result in blander and safer games that don’t innovate at all. Others even compared AAA game companies to Hollywood since movie companies are arguably having a similar problem nowadays. Fortunately, indie studios are thriving because they tend to experiment and deliver unique new products, so AAA developers could learn a thing or two from them.FBI Director Christopher Wray announces resignation
LAS VEGAS — Formula 1 on Monday at last said it will expand its grid in 2026 to make room for an American team that is partnered with General Motors. "As the pinnacle of motorsports, F1 demands boundary-pushing innovation and excellence. It's an honor for General Motors and Cadillac to join the world's premier racing series, and we're committed to competing with passion and integrity to elevate the sport for race fans around the world," GM President Mark Reuss said. "This is a global stage for us to demonstrate GM's engineering expertise and technology leadership at an entirely new level." The approval ends years of wrangling that launched a U.S. Justice Department investigation into why Colorado-based Liberty Media, the commercial rights holder of F1, would not approve the team initially started by Michael Andretti. Andretti in September stepped aside from leading his namesake organization, so the 11th team will be called Cadillac F1 and be run by new Andretti Global majority owners Dan Towriss and Mark Walter. The team will use Ferrari engines its first two years until GM has a Cadillac engine built for competition in time for the 2028 season. Towriss is the the CEO and president of Group 1001 and entered motorsports via Andretti's IndyCar team when he signed on financial savings platform Gainbridge as a sponsor. Towriss is now a major part of the motorsports scene with ownership stakes in both Spire Motorsports' NASCAR team and Wayne Taylor Racing's sports car team. Walter is the chief executive of financial services firm Guggenheim Partners and the controlling owner of both the World Series champion Los Angeles Dodgers and Premier League club Chelsea. "We're excited to partner with General Motors in bringing a dynamic presence to Formula 1," Towriss said. "Together, we're assembling a world-class team that will embody American innovation and deliver unforgettable moments to race fans around the world." Mario Andretti, the 1978 F1 world champion, will have an ambassador role with Cadillac F1. But his son, Michael, will have no official position with the organization now that he has scaled back his involvement with Andretti Global. "The Cadillac F1 Team is made up of a strong group of people that have worked tirelessly to build an American works team," Michael Andretti posted on social media. "I'm very proud of the hard work they have put in and congratulate all involved on this momentous next step. I will be cheering for you!" The approval has been in works for weeks but was held until after last weekend's Las Vegas Grand Prix to not overshadow the showcase event of the Liberty Media portfolio. Max Verstappen won his fourth consecutive championship in Saturday night's race, the third and final stop in the United States for the top motorsports series in the world. Grid expansion in F1 is both infrequent and often unsuccessful. Four teams were granted entries in 2010 that should have pushed the grid to 13 teams and 26 cars for the first time since 1995. One team never made it to the grid and the other three had vanished by 2017. There is only one American team on the current F1 grid — owned by California businessman Gene Haas — but it is not particularly competitive and does not field American drivers. Andretti's dream was to field a truly American team with American drivers. The fight to add this team has been going on for three-plus years, and F1 initially denied the application despite approval from F1 sanctioning body FIA. The existing 10 teams, who have no voice in the matter, also largely opposed expansion because of the dilution in prize money and the billions of dollars they've already invested in the series. Andretti in 2020 tried and failed to buy the existing Sauber team. From there, he applied for grid expansion and partnered with GM, the top-selling manufacturer in the United States. The inclusion of GM was championed by the FIA and president Mohammed Ben Sulayem, who said Michael Andretti's application was the only one of seven applicants to meet all required criteria to expand F1's current grid. "General Motors is a huge global brand and powerhouse in the OEM world and is working with impressive partners," Ben Sulayem said Monday. "I am fully supportive of the efforts made by the FIA, Formula 1, GM and the team to maintain dialogue and work towards this outcome of an agreement in principle to progress this application." Despite the FIA's acceptance of Andretti and General Motors from the start, F1 wasn't interested in Andretti — but did want GM. At one point, F1 asked GM to find another team to partner with besides Andretti. GM refused and F1 said it would revisit the Andretti application if and when Cadillac had an engine ready to compete. "Formula 1 has maintained a dialogue with General Motors, and its partners at TWG Global, regarding the viability of an entry following the commercial assessment and decision made by Formula 1 in January 2024," F1 said in a statement. "Over the course of this year, they have achieved operational milestones and made clear their commitment to brand the 11th team GM/Cadillac, and that GM will enter as an engine supplier at a later time. Formula 1 is therefore pleased to move forward with this application process." Yet another major shift in the debate over grid expansion occurred earlier this month with the announced resignation of Liberty Media CEO Greg Maffei, who was largely believed to be one of the biggest opponents of the Andretti entry. "With Formula 1's continued growth plans in the US, we have always believed that welcoming an impressive US brand like GM/Cadillac to the grid and GM as a future power unit supplier could bring additional value and interest to the sport," Maffei said. "We credit the leadership of General Motors and their partners with significant progress in their readiness to enter Formula 1." Get local news delivered to your inbox!Star Power in Philly in Support of Israel’s National Emergency Medical Response Organization
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