BREWED BEHAVIOUR
Lifestyle, Fitness, Health, and more.
Rushing the Extraction
Mexico and the United States are sprinting toward a bilateral trade deal with under eight weeks on the clock, according to six sources across both countries who spoke to Reuters. The target is the American midterms on 3 November. There is no formal deadline. There does not need to be one. The shape is an interim bargain. Mexico wants relief from American tariffs, particularly the Section 232 duties on steel, aluminium, cars and car parts that...
They Bought the Next Cup
THG published half-year results on Thursday that beat its own guidance on both revenue and profit, and the shares went down. Not sideways. Down about eight percent on the day, and roughly fourteen across the two sessions that followed, to the bottom of a fifty-two week range. The numbers themselves were good. Group revenue rose 7.2 percent on a constant-currency basis to £828.7 million, ahead of the 6.5 percent the company had guided. Adjusted...
The Two-for-One Is a Loan
American Eagle Outfitters reported second-quarter earnings of $0.79 a share against a consensus of about $0.22. Revenue rose eight percent to $1.38 billion, ahead of estimates. Comparable sales were up six percent. Operating income more than doubled to $211 million. The shares fell over eleven percent. Two numbers explain the gap, and both of them are about where the money came from. The first is a net benefit of $161 million in tariff refunds...
No Single Cut Closes a Room
Employees Only will serve its last cocktails in West Hollywood on Sunday 27 September, after more than eight years at 7953 Santa Monica Boulevard. When the closure was announced over Labor Day weekend, no reason was given. Managing partner Tom Sopit has now given one, and it is the most quotable thing in hospitality this month precisely because it refuses to be a single thing. It was not one thing that killed the place, he told Eater LA. It was...
The Good Cafe Moved Out of Town
Forbes ran a property piece this week on six suburban houses around the world, and buried in the framing was a sentence doing far more work than the photographs. The old suburban bargain, it said, promised space and safety in exchange for the city's restaurants, late nights, cultural buzz and daily immediacy. These days that trade looks considerably less lopsided. The properties are the usual parade of things nobody reading this is buying. A...