Latest news with #MichaelKaplan
Bloomberg
3 days ago
- Business
- Bloomberg
US Draws Ire of France, Canada at Meeting of Finance Regulators
Top officials from central banks and finance ministries were forced to call a timeout at a meeting of the world's most powerful financial watchdog last week, amid clashes over the US stance on climate change. At a June 11 gathering of the Financial Stability Board, officials from France, the Netherlands and Canada voiced dismay after Michael Kaplan, the Treasury's interim undersecretary for international affairs, said climate should only be a focus if there's proof of an imminent financial stability risk, according to people familiar with the matter who asked not to be identified discussing private talks.
New York Post
6 days ago
- Health
- New York Post
From Card Counting to Cancer Survival: Michael Kaplan's Story of Beating the Odds
Michael Kaplan, veteran journalist and author of the new book Advantage Players, has spent decades telling stories of people who beat impossible odds—at the poker table and in life. But in 2023, his own life took a turn when he was diagnosed with mantle cell lymphoma, a rare and aggressive blood cancer.
Fashion Network
11-06-2025
- Business
- Fashion Network
Walgreens, Authentic Brands, Kourtney Kardashian among those evaluating Rite Aid assets, sources say
Authentic Brands, which owns Reebok and is a Saks Fifth Avenue investor, bought the IP of fast-fashion chain Forever 21 and luxury seller Barneys out of bankruptcy. WHP Global resurrected Toys "R" Us following its 2017 bankruptcy, while Marquee acquired fashion retailer BCBG Max Azria Group out of bankruptcy. Kardashian, co-founder of gummy vitamin maker Lemme and owner of wellness and lifestyle website Poosh, has expressed interest in Rite Aid's ice cream brand Thrifty, the people said. Rite Aid, which operates about 1,200 stores and has around 8 million customers, filed for bankruptcy in May for the second time in two years. U.S. Bankruptcy Judge Michael Kaplan already approved store closures and a sale of customer prescription files to 13 buyers including CVS Health, opens new tab and Walgreens. Brand management firms like Authentic, Marquee and WHP typically buy a brand's IP and then license it to operating partners which have the manufacturing, design and sales responsibilities. The pharmacy chain's Thrifty ice cream brand is sold by the scoop at counters in certain Rite Aid locations or by the carton at Rite Aid and other retailers nationwide. Thrifty launched in 1940 at a small factory in West Hollywood and counts several celebrities as customers, including Kardashian, who could buy the brand by herself or with a partner, the people said. Some consumer-focused private equity firms are also eyeing Thrifty, the sources said. Rite Aid, Walgreens, Authentic Brands, and WHP declined to comment. Marquee Brands and representatives for Kardashian did not respond to requests for comment. The current bid deadline for the remaining assets is June 18 at 5 p.m. ET (2100 GMT). Pennsylvania-based Rite Aid has struggled under a high debt load, inflationary pressures and increased competition.
