Tapestry, Inc. announced it had reached a definitive agreement to acquire luxury fashion group Capri Holdings Limited, the parent company of Michael Kors (USA), for approximately $8.5 bln in an all-cash deal. Tapestry also said it had instituted a long-term net leverage target of under 2.5x. The transaction is subject to shareholder and customary regulatory
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Cypriot authorities rescued 60 migrants after receiving information their boat was in distress 15 nautical miles off the eastern Mediterranean island’s southern coast at Cape Greco, Ayia Napa, officials said. The Joint Rescue Coordination Centre (JRCC) said the migrant rescue operation was completed successfully on Tuesday, with 54 men, three women, and three children brought
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Ice cream exports from Cyprus to outside the EU increased over the past four years, but in much lower quantities, while non-EU imports have reduced, according to Eurostat. A total of 521 kg of ice cream was exported from Cyprus to non-EU countries in 2022 (worth €3,646). Imports from non-EU countries to Cyprus in the
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Relatives of those who perished on Helios Airways Flight 522, which claimed the lives of 121 passengers and crew 18 years ago, will visit the Grammatikos mountain Greek crash site on Monday to honour their loved ones. Speaking to the Cyprus News Agency on behalf of the victims’ relatives, Niki Michaelidou said the memorial service
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Annual Cyprus tourist arrivals have recorded a 32% increase this year, said Tourism Minister Costas Koumis. He said that a good level of tourist arrivals is expected until November. In September, the Tourism Minister will visit Scandinavian countries to further promote Cyprus as a tourist destination. Koumis stated that there is no doubt that Cyprus is
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Monday marks the 49th anniversary of the second phase of the Turkish invasion of Cyprus that seized larger areas of the Republic, including the second city Famagusta. On August 14 1974, Turkish forces ended the truce to further their expansion across Cyprus, known as “Attila II”. By the afternoon of August 16, the Turks captured
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Without fanfare or declaration, the Attorney General has decided that a British pensioner who killed his wife to end her suffering should still be behind bars and maybe die in prison. A case that rumbled on for 17 months will continue attracting international headlines to Cyprus with its lopsided justice system. Top state prosecutor George
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There seems to be a fine line between speaking the truth, no matter the cost, and stretching it (or covering it up) to accommodate one side’s argument. This is best seen on social media, especially in Cyprus, where if misinformation is posted on public platforms and seen by more than a close circle of friends
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The construction of the liquified natural gas terminal at Vasiliko, Limassol, has been pushed back until the end of July 2024, confirmed Energy Minister George Papanastasiou. However, the minister argued that the development is a positive milestone for the project, as it offers a clear and definite timeframe for the first time. In a telephone
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During any holiday season, especially the summer, many people go on vacation for an extended period, with complete neighbourhoods practically empty, so there is no protection of your property from prying eyes. For this reason, I wish to submit a few tips on how to protect your property since, at this point, thefts are on
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