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HKG:1913 2 December 2025

Prada Completes €1.25 Billion Versace Takeover, Redrawing the Global Luxury Fashion Map

Prada Completes €1.25 Billion Versace Takeover, Redrawing the Global Luxury Fashion Map

Prada Group completed its €1.25 billion ($1.4 billion) acquisition of Versace from Capri Holdings on December 2, 2025, after securing regulatory approvals. The deal is the largest in Prada’s history and adds Versace to a portfolio that includes Prada and Miu Miu. Versace accounted for about 20% of Capri’s 2024 revenue. Prada heir Lorenzo Bertelli will serve as Versace’s executive chairman.
2 December 2025
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Stock Market Today

  • Brazilian Coffee Crop Growth Dampens Coffee Prices Amid Global Supply Shifts
    May 1, 2026, 12:51 AM EDT. Coffee prices dropped to one-week lows, driven by expectations of a larger 2026/27 Brazilian crop. Analysts project Brazil's harvest up to 75.9 million bags, a 15.5% increase year-over-year, raising concerns over a global coffee surplus expanding to 10 million bags. Vietnamese coffee exports also surged, with a 14% rise in early 2026 shipments, pressuring robusta coffee prices. Despite this, supply tightness in arabica coffee, marked by a two-month low in ICE inventories, supports prices. Geopolitical risks like the US-Iran conflict and reduced Brazilian exports add upward pressure on costs. The USDA forecasts a 2% rise in global coffee output to a record 178.8 million bags, with robusta production climbing 10.9% but arabica declining 4.7%, highlighting shifting coffee market dynamics.

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Wall Street Feels the Heat (and Thrill): Fed Cuts, Tariffs & Mega-Mergers Set NYSE Buzz

US Stock Market Today: Live Updates 01.05.2026

1 May 2026
LIVEMarkets rolling coverageStarted: May 1, 2026, 12:00 AM EDTUpdated: May 1, 2026, 1:07 AM EDT Dye & Durham Shares Rise 0.9% Amid Insider Buying and Lower Volume May 1, 2026, 1:07 AM EDT. Dye & Durham Limited (TSE:DND) saw its stock price rise 0.9% to C$3.50 during mid-day trading Thursday, despite a 55% drop in volume to 105,287 shares. The company reported a quarterly loss of C$0.32 per share with a negative net margin of 26.66%. Insider buying was notable; Plantro Ltd. acquired 714,600 shares at C$4.15 each, and Director Alan Roy Hibben purchased 50,000 shares at C$3.45. Insiders now
Sandisk Stock Falls After Blowout Q3 Earnings as AI Storage Rally Hits a High Bar

Sandisk Stock Falls After Blowout Q3 Earnings as AI Storage Rally Hits a High Bar

1 May 2026
Sandisk shares dropped about 6% in after-hours trading Thursday despite reporting fiscal Q3 revenue of $5.95 billion, up 251% from a year earlier, and net income of $3.62 billion. The company announced a $6 billion buyback and forecast Q4 revenue of up to $8.25 billion. Gross margin rose to 78.4%. Shares had closed at $1,096.51 before slipping to about $1,030.
Apple Stock Slips After Earnings Beat as iPhone Supply Snag Clouds $100 Billion Buyback

Apple Stock Slips After Earnings Beat as iPhone Supply Snag Clouds $100 Billion Buyback

1 May 2026
Apple reported fiscal Q2 revenue of $111.2 billion and earnings of $2.01 per share, beating analyst estimates. The board approved a $100 billion share buyback and raised the dividend. Shares fell about 1% after hours as iPhone sales missed forecasts and chip supply remained tight. Investors are watching for clarity on AI strategy and the upcoming CEO transition to John Ternus.
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