Protecting Consumers Is Not Anti-Growth
The forces protecting consumers from abuse by big business are in retreat. Former Italian Premier Mario Draghi last year called for reform of merger control in Europe to boost the region's global competitiveness. Firebrand consumer champion Lina Khan has, as expected, left the US Federal Trade Commission antitrust authority. And last week came a real shocker: The UK government ousted the chair of its Competition & Markets Authority merger watchdog.
A problematic narrative is emerging that antitrust regulation needs a philosophical overhaul, and that its primary aim of protecting competition should give way to a more nuanced approach advancing multiple economic goals.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hamilton Spectator
37 minutes ago
- Hamilton Spectator
Miami's Messi still the highest-earner in Major League Soccer at US$20.5 million
Inter Miami's Lionel Messi remains Major League Soccer's highest-paid player this season at $20,446,667 (all figures in U.S. dollars), according to figures released Wednesday by the MLS Players Association. Miami has two other players in the top 10 with No. 3 Sergio Busquets at $8,774,996 and No. 8 Jordi Alba at $6 million even. Toronto FC's Lorenzo Insigne ranks second at $15,400,000 and fellow Italian Federico Bernardeschi No. 6 at $6,295,381. In contrast, Los Angeles Dodgers star Shohei Ohtani is currently the highest-paid player in Major League Baseball at $70 million this season. Dallas Cowboys quarterback Dak Prescott led the NFL last season with a salary of $60 million while Golden State Warriors star Steph Curry topped the NBA at $55,761,216. The NHLPA lists Toronto Maple Leafs captain Auston Matthews' 2024-25 salary at $16.7 million. Messi, Insigne, Busquets and Bernardeschi are all making the same as last season. Alba was at $1.5 million in 2024. Atlanta United's Miguel Almiron ($7,871,000) and San Diego FC's Hirving (Chucky) Lozano ($7,633,333) are newcomers to the list at No. 4 and 5, respectively. Almiron returned to Atlanta this season from England's Newcastle United while San Diego is in its first year in the league. Almiron made $2,297,000 with Atlanta in 2018, his last year in MLS before moving to England. In all, 19 players are making more than $4 million this according to the MLSPA, whose salary figures are accurate as of May 23, 2025. In contrast to Insigne, who has one goal and three assists in 12 appearances for Toronto this season, Philadelphia Union forward Tai Baribo is a bargain at $810,000. The Israeli international leads the league with 13 goals. Nashville's Sam Surridge, who is second in goals with 12, is making $3,182,639 while Cincinnati's Kevin Denkey, third with 11 goals, is earning $3,810,00. Vancouver Whitecaps forward Brian White, tied for fourth with 10 goals, is another bargain at $1 million. The U.S. international ranks fourth in pay on the Whitecaps behind captain Ryan Gauld ($3,675,00), defensive midfielder Andres Cubas ($1,146,375) and centre back Mathias Laborda ($1,043,625). Whitecaps defender Sam Adekugbe, currently sidelined with an Achilles injury, makes $963,000. Toronto has four other players making more than $1 million in Norwegian striker Ola Brynhildsen ($1,629,610), captain Jonathan Osorio ($1,183,333), Canadian fullback/wingback Richie Laryea ($1,169,438), and goalkeeper Sean Johnson ($1,063,125). Winger Theo Corbeanu, on loan to Toronto from Spain's Granada CF, is making $411,625 while new midfielder Maxime Dominguez is earning $337,577. Striker Deandre Kerr, who like Brynhildsen has two goals this season, is making $125,319. The 22-year-old Kerr has played just five games due to a high ankle sprain. Honduran midfielder Deybi Flores is making $656,667, up from $456,667 last year. Veteran defender Kevin Long also gets a raise from TFC, from $277,500 last year to $468,521 this season. Seven Toronto players are making less than $100,000. Italian-born Albanian international Giacomo Vrioni, at $2,247,500, is the only CF Montreal player making seven figures. German forward Prince Owusu is next on the pay scale at $982,500. MLS Top 10 Earners in 2025 (all figures in U.S. dollars, salaries as of May 23, 2025) Lionel Messi, Inter Miami, $20,446,677 Lorenzo Insigne, Toronto FC, $15,400,000 Sergio Busquets, Inter Miami, $8,774,996 Miguel Almiron, Atlanta United, $7,871,000 Hirving (Chucky) Lozano, San Diego, $7,633,333 Federico Bernardeschi, Toronto FC, $6,295,381 Emil Forsberg, Red Bulls, $6,035,625 Jordi Alba, Inter Miami $6,000,000 Riqui Puig, L.A. Galaxy, $5,779,688 Jonathan Bamba, Chicago, $5,581,806 —- This report by The Canadian Press was first published June 25, 2025.
Yahoo
2 hours ago
- Yahoo
Boggi Milano Opens Columbus Circle Store
Boggi Milano is continuing its U.S. retail rollout with the opening of a third New York City store at The Shops at Columbus Circle. The 4,735-square-foot, two-level store offers street access as well as an entrance from inside the mall. More from WWD All the Beauty Retail Expansions of 2025 EXCLUSIVE: Sakara Enters Credo Beauty With New Gut and Skin Health Supplement, Doubling Down on Both Beauty and Wellness EXCLUSIVE: Prada CEO Gianfranco D'Attis to Exit the Brand The Columbus Circle store joins a single-level 1,800-square-foot store at 115 Mercer Street in SoHo that opened in February, and the 5,920-square-foot flagship on Madison Avenue that debuted in April. The stores offer a mix of the company's Active, Casual, Formal and Easy Formal categories as well as its signature tailored clothing, all with an Italian sartorial sensibility with a strong emphasis on organic fibers, recycled materials and certified performance fabrics. The three New York stores mark the U.S. debut of the Milan-based company that operates 240 stores in 60 countries and has annual revenue of $420 million. 'These openings aren't just new stores — they represent a dream come true,' said Alessandro Cappelli, U.S. chief executive officer of Boggi Milano. 'We're bringing a contemporary vision of Italian menswear to the U.S., built on quality, craftsmanship, and timeless style — supported by an outstanding team and world-class product.' Claudio Zaccardi, president, CEO and creative director of the family-owned company, has said this is just the beginning of an aggressive U.S. expansion with stores planned for Miami; Chicago; Washington, D.C.; Boston; Houston; Dallas; Los Angeles, and San Francisco over the next five years. As Zaccardi said at the Madison Avenue store opening: 'The U.S. is the most important country in the world and we believe that we are a global brand now, but you can't really be a global brand if you're not in the U.S. — especially for menswear.' In addition to its own stores, Boggi Milano is also expanding its wholesale presence in the U.S., starting with the Bloomingdale's flagship on 59th Street in New York followed by additional doors in July and September. 'This collaboration represents much more than a commercial operation: it is an opportunity to spread our style and philosophy to a wider audience,' said Zaccardi. 'Thanks to the support and prestige of Bloomingdale's, we can bring to the United States a vision of Italian menswear elegance that combines quality, craftsmanship, and innovation, helping to consolidate our presence in the international premium segment.' Boggi is fully owned by the Zaccardi family, which has a long history in apparel and menswear. It started with Zaccardi's grandfather, who was a childrenswear tailor and retailer in Monza, Italy, outside Milan. The store passed to his mother, who continued to focus on childrenswear until 1985 when Zaccardi and his brothers took over the business and converted it to a luxury multibrand retail store called Brian & Barry that they continue to operate. In 2003, the Zaccardi family purchased Boggi Milano, a Milan-based brand known for its tailored menswear, for around $14.6 million. At the time of the purchase, Boggi operated 22 stores. Best of WWD China's Streetwear Whisperer: Peter Zhong Some 600 Exhibitors Expected at Pitti Uomo's 101st Edition Peter Manning Purchased by Longtime CEO Who Plans Expansion
Miami Herald
2 hours ago
- Miami Herald
17 new stores and restaurants are coming to Aventura. Where are they all going?
Are there growth hormones on the land where competing malls Aventura and Esplanade operate? The two shopping and dining complexes, with no love between them, are growing — apart. Aventura Mall, Florida's largest, has been a success since opening in 1983. The mall, recently voted the best in the U.S., is still opening new attractions and shops, like the new Eataly Italian marketplace. MORE: Why Aventura Mall in Miami thrives and its formula for success Esplanade at Aventura, which includes restaurants STK Steakhouse and Joey, and a Lego Store that left the Aventura Mall next door, recently signed 17 new tenant leases — and the shops, boutiques and restaurants plan to open through 2025. The newcomers will slot into 54,768 square feet of new space. The open-air Esplanade was originally a 12.3-acre plot that housed a Sears, a Sears Auto Center and their parking lots adjacent to Aventura Mall. After the Sears was torn down in 2017, Esplanade rose on the site, and opened next to the Aventura Mall in 2023. The independently owned Esplanade is not affiliated with the more established mall next door. But the upstart complex, and its 40 or so shops and restaurants, is surrounded by the same perimeter road as the bigger Aventura Mall, just east of Biscayne Boulevard and 195th Street. Despite being adjacent neighbors, the malls don't give shoppers access from one complex to the other. You want to spend a day at both? Neither mall makes it easy. Step outside of one, go into the sprawling parking lots, and slip into separate entrances. Think of the malls as two megabucks, divorced parents, neither of whom wants to give up their living space, so they just build up and out around each other and try and pretend the other's not there. Esplanade newcomers Here's a look at the shopping and dining venues coming to the Esplanade space through 2025 and into 2026, 'an exciting new chapter for us,' said Eric Dinenberg, chief operating officer of Seritage Growth Properties, the parent company for Esplanade. ▪ Tremble: A 1,600-square-foot fitness studio opened in June. Strength training, cardio and Pilates. This location is the 16th in Florida with others in Coral Gables, South Miami, Pinecrest, Midtown, Brickell and Fort Lauderdale. ▪ Hästens (July): Hästens, a Swedish luxury bed manufacturer, expands its presence in South Florida with its third local store, joining ones in Miami's Design District and West Palm Beach. ▪ Next Health (fall): Healthcare and wellness chain in a 2,453-square-foot space. ▪ Salt & Straw (fall): A 1,065-square-foot ice cream scoop shop. Flavors include Sea Salt with Caramel Ribbons; Salted, Malted, Chocolate Chip Cookie Dough and Freckled Mint Chocolate Chip. ▪ Pura Vida Miami (fall): Pura Vida Miami, born in South Beach in 2012 and with a newly opened Coconut Grove wellness-themed restaurant and a nearby hub at the mixed-use Aventura Park Square development that opened in 2021, the newcomer in Aventura is 3,949 square feet. Menu features all-day breakfast menu, açai bowls, cold-pressed juices, sandwiches, wraps, salads. 'Our expansion to Esplanade at Aventura reflects our deep commitment to this vibrant community,' said Omer Horev, CEO and founder. 'Our concept aligns with the area's family-friendly, wellness-focused lifestyle.' ▪ Anatomy Fitness (late 2025): A 25,482-square-foot luxury wellness space. Recovery amenities include infrared saunas, hot and cold plunges and eucalyptus steam rooms. ▪ Wairua Beauty (fall 2025): A luxury skin care boutique joins its Miami Beach kin that opened in 2023. ▪ Lola + The Boys (late 2025): Children's clothing in a 1,425-square-foot boutique. ▪ 7th Avenue (late 2025): Indoor and outdoor sectionals, loveseats, armchairs, daybeds. ▪ Feulard (spring 2026): A hair artistry and skincare salon in 1,801 square feet. Also coming: A 2,800-square-foot Starbucks cafe (fall); The Keyes Company real estate firm (late 2025); a Bank of America branch (summer). Also opened: The Salty doughnut and coffee shop; If So women and girls 7 and older clothing; Chip City cookies; The Shade Store custom window treatments.
