Entertainment
Beyonce launches Whisky label.
Beyonce Knowles-Carter has officially launched Sir Davis, a groundbreaking American whisky crafted in collaboration with Moët Hennessy. This venture, inspired by her great-grandfather Davis Hogue—a farmer and moonshiner during Prohibition—reflects a deep connection to her family heritage. Beyonce describes the whisky as a “delicious American whisky that respects tradition while empowering people to explore something new in the category.”
Set to retail for $89 per bottle, Sir Davis will be available in September 2024, with pre-orders starting soon. The whisky, which draws on Japanese and Scottish influences, features a unique flavor profile created by renowned Master Distiller Dr. Bill Lumsden. Finished, blended, and bottled in Texas, Sir Davis is notable for being the first Moët Hennessy spirit developed entirely in the U.S.
Beyonce’s artistic vision is evident in the bottle design, which showcases a tall, ribbed glass vessel adorned with a black medallion featuring a bronzed horse, symbolizing strength and her Texas roots. This launch not only celebrates her lineage but also aims to redefine the American whisky landscap
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Last Updated on September 4, 2024 by Gracy News
The Federal Trade Commission (FTC) secured a significant antitrust victory when Judge Jennifer Rochon blocked Tapestry’s $8.5 billion acquisition of Capri Holdings. This ruling supports the FTC’s argument that the merger would harm competition in the “accessible luxury” handbag market, potentially leading to higher prices and reduced consumer choice12. The decision is seen as a win for FTC Chair Lina Khan’s aggressive approach to antitrust enforcement, which has targeted mergers across various sectors including technology and retail34.
Key points of the ruling include:
- The judge recognized “accessible luxury” handbags as a distinct market segment3
The merger would have resulted in a combined 59% market share for the new entity4
The ruling emphasized the importance of brand competition in the handbag industry3
The FTC successfully argued that Coach, Kate Spade, and Michael Kors primarily compete with each other rather than with mass-market or true luxury brands5
Following the judge’s decision to block the merger, the market reacted swiftly. Capri Holdings’ stock plummeted by approximately 46% in after-hours trading, while Tapestry’s shares surged about 12%1. This stark contrast in stock performance highlights the significant impact of the ruling on both companies’ market valuations and future prospects.
The blocked merger has broader implications for the luxury fashion industry:
It preserves competition in the “accessible luxury” handbag market, potentially benefiting consumers through continued price competition and product innovation2.
The ruling reinforces the Biden administration’s stance on maintaining competition across various economic sectors1.
- It may prompt other luxury fashion companies to reconsider their merger and acquisition strategies in light of increased antitrust scrutiny3.
Last Updated on November 1, 2024 by Gracy News
Entertainment
Guerrilla Games Shifts Focus to Horizon Online as Next Major Release.
According to reports, Guerrilla Games’ next major project is reportedly Horizon Online, a multiplayer live service game set in the Horizon universe, rather than a third single-player entry in the series. This indicates Sony’s continued commitment to live service games despite recent setbacks.
Horizon Online aims to expand the franchise’s beloved world into a cooperative multiplayer experience. The game is expected to feature updated versions of iconic machines from previous titles, as well as introduce new mechanical beasts designed specifically for multiplayer encounters1. Players will likely team up to take down colossal machines and complete challenging quests together, potentially introducing larger-scale enemies than seen in the single-player games2.
While specific gameplay details remain under wraps, job listings have hinted at “cooperative and replayable multiplayer combat experiences” and “spectacular, challenging and memorable” machine enemies designed for group play1. The project seems to emphasize cooperation over competition, suggesting a focus on PvE content rather than PvP battles1. However, the game’s exact format – whether a full MMORPG or a more focused cooperative experience – remains a subject of speculation within the gaming community3.
Last Updated on October 12, 2024 by Gracy News
Entertainment
Beetlejuice 2 Budget Cut.
According to reports from The New York Times, “Beetlejuice Beetlejuice” was initially proposed as a Max streaming exclusive, but director Tim Burton insisted on a theatrical release, leading to significant budget cuts to secure its place on the big screen
Tim Burton’s insistence on a theatrical release for “Beetlejuice Beetlejuice” proved to be a shrewd decision. The film has been a box office success, grossing $264 million worldwide against a $99-100 million budget. Burton’s commitment to the big screen experience aligns with his reputation as a visually distinctive filmmaker, whose works often benefit from theatrical presentation. This choice not only preserved the film’s intended spectacle but also demonstrated the enduring appeal of Burton’s gothic aesthetic and the “Beetlejuice” franchise, even 36 years after the original.
Last Updated on September 17, 2024 by Gracy News