Samsonite buys BÉIS, Selena Gomez gets sued & Anthropic's $1 trillion IPO
Samsonite just bought a chunk of Shay Mitchell's luggage brand Beis; a 116-year-old company getting cool by buying it rather than building it. We unpack why this "buy vs. build" move makes sense (and what it means for celebrity-backed brands generally). Then: Selena Gomez is being sued for fraud by Wondermind investors after 3 years of alleged radio silence, is this a case of where there's smoke, there's fire? And finally, Anthropic's revenue has gone from $9bn to $65bn in six months, putting it on track to be the largest tech IPO in history. We break down what that growth actually means, why…
The skinny
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