PRESS DIGEST-Financial Times - May 15

G-III Apparel Group, Ltd.

G-III Apparel Group, Ltd.

GIII

0.00

May 15 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

  • SEC settles Adani case as US authorities move to end actions against Asia's richest man

  • Anthropic agrees terms of $30 billion funding deal at $900 billion valuation

  • LVMH to sell Marc Jacobs to WHP

  • Xpeng in talks with VW about buying a factory in Europe

Overview

  • The U.S. Securities and Exchange Commission settled a civil lawsuit against Indian billionaire Gautam Adani, subject to court approval, court records showed.

  • Anthropic has agreed the terms of a $30 billion fundraising that will value it at $900 billion and is expected to close as soon as this month.

  • French luxury group LVMH LVMH.PA has agreed to sell the Marc Jacobs brand in a deal that will put the U.S. fashion label under the joint ownership of brand management firm WHP Global and apparel company G-III Apparel Group GIII.O.

  • Xpeng 9868.HK is in talks with Volkswagen VOWG.DE and other carmakers about buying a factory in Europe as it looks to expand international sales.


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