Kate Spade Acquired By Coach For $2.4 Billion

Chicago's premium luxury lifestyle website covering fashion, beauty, events, culture,…

Here are the 7 news stories after 7 to know today. Have a great week and Make small talk, better.

HEADLINER–May 8

Emanuel Macron. Macron was elected the new president of France Sunday winning by 66% over contender Marine Le Pen, making him France’s leader since Napoleon though he was an economy minister under outgoing president Francois Hollande. Some global analysts are saying his win, turns the tide on many who feared another populist upheaval to follow Britain’s vote to quit the EU and Donald Trump’s election as U.S. president …..Read more

MORE NEWS

• The deal to acquire Tribune Media by Sinclair Broadcast Group for a reported $4 billion ( $45 a share), is almost complete according to several reports. Tribune Media is the TV arm of the Chicago based media company, no longer affiliated with tronc, formerly Trib publishing.

• James Clapper, the Director of National Intelligence under Obama, and Sally Yates, who was Deputy Attorney General, will testify to the Senate Judiciary subcommittee on crime and terrorism today. According to Reuters, “Yates is expected to tell the senators that on Jan. 26, when she was acting Attorney General, she had warned White House Counsel Don McGahn that then-National Security Adviser Michael Flynn had not told the truth about conversations he had with Sergei Kislyak, Moscow’s Ambassador to Washington, about U.S. economic sanctions on Russia.”

• Over The Weekend: former President Obama received the JFK Profile in Courage award Sunday night… The Cleveland Cavs swept the Toronto raptors 4-0 to advance to the Eastern Conference finals…The murder of two doctors in their South Boston penthouse condo is being investigated and the suspect, 30-year-old Bampumim Teixeira, is expected in court today though authorities have yet to release motive for the crime…A CTA bus collided with a car that lost control killing four people. The early Sunday morning crash that happened on the West side of the city might have been a result of speeding…Johnson publishing announced the resignation of Fashion fair CEO Desiree Rogers and cutting 1/3 of its staff and moving editorial operations to Los Angeles.

ENTERTAINMENT

• The MTV Movie & TV awards got off to a soggy start after rain and hail took over the red carpet at the Shrine Auditorium in Los Angeles. Winners of the night included: Chicago’s own Lil Rel Howery, Taraji P. Henson, Emma Watson, Ashton Sanders and Jharrel Jerome, Daniel Kaluuya, Black-ish.

• Nicki Minaj, while tweeting with her fans, has offered to help some of them pay off college tuition, student loans and other educational expenses “Show me straight A’s that I can verify w/ur school and I’ll pay it.”

FASHION

• Coach is buying Kate Spade brand for a reported $2.4 billion or $18.50/share cash, a 27.5% percent premium to the unaffected closing price of Kate Spade’s shares as of December 27, 2016, the last trading day prior to media speculation of a transaction, according to recently released presser. According to the release, the acquisition will create the first NY based house of modern luxury lifestyle brand as Coach eyes growth on the millennial market. In other fashion news, Christian Dior announced it’s 2018 Cruise collection show on May 11 will take place in Santa Monica at the Upper Las Virgenes Canyon Open Space Preserve; the first time a fashion show will be held at the venue.

“Life is a series of natural and spontaneous changes. Don’t resist them; that only creates sorrow. Let reality be reality. Let things flow naturally forward in whatever way they like.”― Lao Tzu

Texas Gov. Greg Abbott signs “sanctuary cities” bill into law

The Real Housewives of Atlanta ‘Reunion: Part 4’ and the lies

China pitch by Kushner sister renews controversy over visa program for wealthy

Woman clings to husband’s car to stop him driving off with his ‘side chick’