KIM KARDASHIAN AWARDED SYMBOLIC 1 EURO IN DAMAGES OVER 2016 PARIS ROBBERY.(PHOTO).

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 Kim Kardashian Awarded Symbolic 1 Euro in Damages Over 2016 Paris Robbery A Paris court has officially awarded media mogul Kim Kardashian a symbolic 1 euro ($1.15) in damages following the infamous 2016 armed robbery in the French capital. The ruling marks a major milestone in the reality star's quest for closure after what she previously described as the most terrifying ordeal of her life. Accountability Over Compensation The nominal sum awarded to Kardashian is exactly what she had requested from the court. In a joint statement with her stylist, Simone Harouche who was also present during the heist and received a matching 1-euro award Kardashian emphasized that the legal battle was never about money. "The experience was deeply traumatic, and its impact has stayed with us. Today’s decision is not about the compensation, but about accountability and recognition," the pair said in a statement. They expressed their gratitude to the French justice system and noted their hop...
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GUESS ANNOUNCED WEDNESDAY THAT IT WILL BE TAKEN PRIVATE IN A $1.4 BILLION DEAL INVOLVING ITS CO-FOUNDERS, CEO, AND AUTHENTIC BRANDS, THE COMPANY THAT OWNS REEBOK. (PHOTO).

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 Guess to be taken private in $1.4 billion transaction with Authentic Brands and company leadership

Guess announced Wednesday that it will be taken private in a $1.4 billion deal involving its co-founders, CEO, and Authentic Brands, the company that owns Reebok. 

The agreement includes the acquisition of 51% of Guess’ intellectual property by Authentic Brands, while existing shareholders will retain the remainder.

Shareholders will receive $16.75 per share in cash, a 26% premium over the stock’s previous close. Guess shares jumped nearly 26% in early trading following the announcement, after having lost roughly 38% over the past year amid economic uncertainty and stiff competition in the apparel market. The move aligns with broader consolidation in the industry, including Skechers going private, Dick’s Sporting Goods’ acquisition of Foot Locker, and Authentic Brands’ purchase of Dockers earlier this year.

The company said going private will allow it to pursue a longer-term strategy and navigate a challenging operating environment with greater flexibility. Before the deal, the co-founders and CEO owned roughly 40% of the company, with Paul Marciano holding 28%. Earlier this year, Guess had received a $13-per-share proposal from WHP Global, which was reviewed by a special committee. The committee determined that the deal with Authentic Brands and existing shareholders offered the best path forward.


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