Tapestry and Capri Holdings have mutually decided to terminate their $8.5 billion merger agreement due to antitrust concerns raised by the Federal Trade Commission. A federal judge's ruling against the merger led to this decision, with both companies now focusing on their individual growth strategies.
Jon M. Chu's 'Wicked' opened with $114 million domestically, marking a record for Broadway adaptations. Meanwhile, 'Gladiator II' debuted with $55.5 million. Both films are revitalizing a struggling box office ahead of the Thanksgiving holiday.