Financial Times

Pop Mart pushes global expansion amid concerns of 'peak Labubu'

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The Beijing-based company is planning to open a flagship store on Fifth Avenue in New York, according to a person familiar with its plans, as well as a ...



Warner Bros plans to reject Paramount's latest hostile bid

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WBD's board is looking for Paramount to increase its bid in order to unlock new negotiations, according to a person briefed on the matter. The person added ...



Lululemon founder calls for board overhaul at struggling fitness brand

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Elliott's campaign is separate from Wilson's and the two parties are not working together, said a person familiar with Wilson's thinking. Wilson, who ...



'Capital of capital': how Abu Dhabi rose as a sovereign wealth power

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A person close to the fund said it was reassessing its strategy for 2026 and may look to make more minority investments after taking a stake in auction house ...



McCain Foods french fries dynasty split over heir's buyout demand

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But other family members do not accept her valuation of her stake, although negotiations remain ongoing, according to a person familiar with the governance ...



Lloyds shuts invoice financing service as small businesses feel ...

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A person close to NatWest said that its factoring unit had fewer than 1,000 customers by the time it closed in 2021 because of falling demand. Copyright The ...



US-Ukraine summit as it happened: Donald Trump says several ...

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Not every adviser to Volodymyr Zelenskyy supported the idea of another face-to-face meeting with Donald Trump, according to a person familiar with the talks.



'It's been an expensive year': Meituan counts cost of China's delivery ...

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... people with direct knowledge of the matter. Instead, it has now opted for a less capital-intensive entry by rolling out mobile charging stations across ...



Luxury brands push into mass-market sports despite shift to exclusivity

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Of course, they want a piece of that, and I think they always will,” said a person familiar with the LVMH houses' deals. “These brands don't just sell ...



Why bomb Sokoto? Trump's strikes baffle Nigerians

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Earlier in the day, one senior government official, speaking on background, said he was still trying to establish the facts, including precisely when Abuja ...



Beers, bullseyes and fancy dress: darts mania draws City executives

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Three other chief executives, who asked not to be named, told the Financial Times they were planning trips to the darts, which started in mid-December and ...



Louvre under pressure after disastrous year

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... a person familiar with the matter. The Louvre did not respond to a request for comment. Workers' unions have criticised the Louvre's budget plans and urged ...



'A place of welcome': Yorkshire town rallies round to help asylum ...

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Daneshgar, who asked to be identified only by her first name, received the bicycle as part of what people working with asylum seekers say has been a surge ...



TikTok's Chinese owner plans $23bn AI spend to keep pace with US ...

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According to two people with knowledge of the matter, the Beijing-based tech company has made preliminary plans to spend Rmb160bn ($23bn) in capital expenditure ...



Ares Management chief eyes private equity as group's next target

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Ares last year held discussions with Astorg, the French private equity group, before ending talks, according to four people briefed on the matter. The firm ...



ERG bid gatecrashed by Kazakh businessman

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Mutalip offered about $3.5bn for the Kazzinc stake, according to a person familiar with the deal. The two offers mark a surprisingly high-value push for some of ...



How one private equity group's deals show risks of firms selling to ...

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... a person familiar with the matter. Swedish outlet Affärsvärlden first reported the Kährs transaction. Dividend recapitalisations are a type of refinancing ...



Coty hires P&G veteran as executive chair in leadership overhaul

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... people with direct knowledge of the matter. Strobel, who retired in 2024 after a 33-year career at Procter & Gamble where he rose to be president of skin ...



Apollo cuts risk and stockpiles cash in preparation for market turmoil

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... people briefed on the matter. The fund reported a net debt-to-equity ratio, a gauge of how much the fund had borrowed to make its investments, of 0.58 in ...



Larry Ellison gives $40bn personal backing to Warner Bros ...

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A person close to Paramount said the move was aimed at forcing WBD back to the negotiating table. If WBD showed goodwill, Paramount would be open to upping ...



Inside Tencent's deal to use Nvidia's best AI chips in Japan

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Its first 15,000 chips are mostly contracted for three years to Tencent, according to those with knowledge of the matter. Ishihara declined to confirm the ...



Revolut clashes with former staff over tax on share awards

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Revolut has accepted that this information was incorrect, according to a person familiar with the bank's position. Staff were told to seek independent tax ...



BP's activist era begins

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... people briefed on the matter. And one note from team DD: We've made it to the final newsletter of this year. We're taking a break for the holidays and will ...



HSG buys Italian footwear brand Golden Goose for €2.5bn

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The firm has now returned €12.6bn to its backers over the past 12 months, a person familiar with the matter said. Golden Goose's revenues grew to €655mn in ...



New York hedge fund approached by Warner shareholder to buy CNN

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... people briefed on the matter. Soo Kim, founder of New York hedge fund Standard General, has been in talks over potentially buying or investing in the WBD ...



Meta's Yann LeCun targets €3bn valuation for AI start-up

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... people familiar with the matter. LeCun, a French-US scientist and Turing award winner who is considered one of the pioneers of modern AI, is targeting a ...



Trump media group agrees $6bn merger with Google-backed fusion ...

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... according to a person briefed on the deal. TMTG “thinks this company has the killer fusion technology”, said the person. TAE has raised about $1.3bn from ...



JD Vance touts Donald Trump's economy to shift message on high ...

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A handful of warehouse workers attended Tuesday's event, but few were willing to talk to reporters — and one employee, who declined to give his name for ...



Oracle's $10bn Michigan data centre in limbo after Blue Owl funding ...

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A person close to the company said it was in the “final stages of diligence” with the investor. Oracle is building the site on farmland in Saline Township ...



Shell mergers chief departed after CEO blocked bid for BP

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... a person familiar with the situation. In June, Shell responded to press reports by saying it was not interested in a deal for BP and that no talks had taken ...



Global brands seek private equity partners to save their China ...

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“People are realising again that it's worth it to have a local partner,” said a private equity executive who asked not to be named, arguing that empowered ...



The debt battle on Jamie Dimon's doorstep

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Apollo's short bets in the software sector, which lasted through a large part of 2025, have been closed, said a source briefed on the matter. The investment ...



Medline raises more than $6bn in biggest IPO of 2025

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... person briefed on the matter. However, they will not be selling stock as part of the IPO, which will raise billions in cash for Medline to cut its nearly ...



Warner Bros to rebuff $108bn Paramount hostile offer

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A person close to Paramount said Kushner's exit from the offer was meant to smooth over the bid's path with WBD's board and strip out the “noise” about his ...



UK plans curb on freeholders blocking broadband cabling in flats

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... a person familiar with the matter. Telecoms minister Baroness Liz Lloyd told the Financial Times the plans were designed to give industry the support to ...



Bondi becomes focus of fury over Australia's tide of antisemitism

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We are in grief, but we're angry,” said the executive, who declined to be identified, arguing that intimidatory behaviour at weekly protests against ...



Hikma chief steps down after profit forecast cuts and factory delays

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A person close to the company said Mishlawi's departure was “unrelated to the numbers” and that it was a “mutual decision to part ways”. Hikma was founded ...



Magnum moves to oust chair of Ben & Jerry's

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... people briefed on the matter. They declined to outline the alleged conflicts. Magnum announced last month that Mittal “no longer met the criteria” to serve ...



'Game recognises game': How Jensen Huang won over Donald Trump

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... a person familiar with Nvidia's strategy. “[Huang must have] remembered enough from Trump 1 to know that he is mercurial as hell and you can't really buy ...



Gunmen accused of killing 15 at Sydney Jewish festival were father ...

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Another person who spoke to the FT but declined to be named said a friend of hers had been shot in the shoulder and that the names of casualties were already ...



Apollo took bearish software view with bets against corporate debt

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Apollo's short bets amounted to less than 1 per cent of its overall $700bn in credit assets, said one person briefed on the matter. They added that some ...



Jailed for gene-editing, a notorious scientist is not done yet

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A person close to Tie denied that she travelled to Beijing to learn about gene-editing technology from Jiankui. Their bond was strengthened by a shared self ...



Apollo moves fast-growing lending unit out of buyout division

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The group is seeking to raise $25bn for its newest buyout fund, an increase from a predecessor fund that raised $20bn, according to people briefed on the matter ...



US prosecutors probe last-ditch funding pleas before First Brands ...

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A person close to Jefferies said the bank was not a subject of the investigation. The prosecutors are also seeking records of communications during other ...



Where the Netflix vs Paramount battle stands

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The consensus is that they're probably right, though no final decision has been made inside Paramount HQ, according to people briefed on the matter. Ellison ...



Marsalek's missing millions: the unravelling of a secret Libyan empire

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This investigation began in late June, when the FT and Bayerischer Rundfunk were contacted by an anonymous source offering a file of internal LHG, LCC and ...



Disney to invest $1bn in OpenAI

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A person close to Disney said that while the company was excited about the opportunities presented by AI, it was also “rightly concerned about the harms it ...



HSBC axes 160-year-old management scheme in bid to cut costs

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... people familiar with the matter. HSBC has no plans to add new managers to the programme, which counts among its alumni former chief executives Stuart ...



'Vital' EU-Mercosur trade deal hangs in the balance days before ...

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One MEP, who declined to be named, said the parliament vote was “part of the political choreography we need to make the agreement more acceptable internally”.



Germany sees high hurdles to winning ECB presidency

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... people briefed on the matter. Bundesbank governor Joachim Nagel and ECB board member Isabel Schnabel have both signalled they would be prepared to succeed ...

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