Oct 21, 2019

Macy's and Bloomingdale's to stop selling fur

Photo: Eva Hambach/AFP/Getty Images

Macy's, Inc. has agreed to stop selling fur in its Macy's and Bloomingdale's stores by the end of the 2020 fiscal year, according to a press release from the Humane Society of the United States Monday.

What they're saying: "We have been closely following consumer and brand trends, listening to our customers and researching alternatives to fur," Jeff Gennette, chairman and CEO of Macy’s, Inc., said in a statement. "We’ve listened to our colleagues. ... Macy’s private brands are already fur free so expanding this practice across all Macy’s, Inc. is the natural next step."

Per Bloomberg, Macy's joins a number of other apparel and fashion companies that have taken steps to end fur sales, including:

  • Burberry
  • Chanel
  • Gucci
  • Calvin Klein
  • Jimmy Choo
  • Kate Spade
  • Ralph Lauren

Go deeper: California becomes first state to ban new-fur sales

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Michael Klein mulls Univision takeover

Illustration: Rebecca Zisser/Axios

Michael Klein, a former Citi banker who now runs his own M&A advisory firm, is considering a takeover bid for broadcaster Univision, per Bloomberg.

Why it matters: Univision's private equity owners have wanted to exit for years, and Klein has a knack for getting difficult deals over the finish line.

Go deeperArrowOct 25, 2019

Bloomberg apologizes for controversial "stop-and-frisk" policing practices

Michael Bloomberg at a 2019 gala in New York City. Photo: Ron Adar/SOPA Images/LightRocket via Getty Images

Former New York City Mayor Mike Bloomberg apologized at a black megachurch in Brooklyn on Sunday for implementing aggressive “stop-and-frisk” policing practices that disproportionately targeted black and Latino people across the city, the New York Times reports.

Why it matters: Bloomberg’s speech was his first since he filed paperwork to enter the 2020 presidential primary in Alabama, with the comments marking a surprising reversal on a core policy of the former mayor's tenure. Bloomberg in the past has strongly defended stop-and-frisk, which allowed police officers to stop and search anyone they suspected of a crime.

Go deeperArrowNov 17, 2019

Under Armour CEO Kevin Plank steps down

Photo: Cindy Ord/Getty Images

Under Armour CEO Kevin Plank has announced he will step down at the end of the year but will remain at the company as the executive chairman and brand chief, reports CNBC.

Why it matters: Under Armour has struggled in the North American market in recent years as competitors Nike and Addidas continue to dominate. The next CEO will be current Chief Operating Officer Patrik Frisk, who was brought on to help bolster the company's North American sales, per CNBC.

Keep ReadingArrowOct 22, 2019