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Remain apprised with complimentary alertsJust subscribe to the Retail & Consumer sector myFT Summary — sent straight to your email.The equity firm proprietors of Breitling have drastically reduced the Swiss watchmaker’s appraisal to potentially half its 2023 worth, as its results have deteriorated under the shared stewardship of CVC and Partners Group.According to three individuals cognizant of the situation, the pair of acquisition companies are re-evaluating Breitling’s strategic direction, following insistence from CVC. This comes as the brand has contended with a costly shop expansion amidst muted interest for premium timepieces and American duties imposed on Switzerland.Amsterdam-listed CVC transferred primary…

Gain complimentary access to the Editor’s DigestThis weekly periodical features Roula Khalaf, the FT’s Editor, curating her top stories.A significant geopolitical realization has dawned upon Europeans: firstly, their profound reliance on other global actors for numerous crucial aspects of their existence; and secondly, the growing inclination of these actors to employ their dominance to dictate Europe’s course.This apprehension initially surfaced concerning China, particularly with anxieties surrounding Huawei’s involvement in 5G infrastructure around a decade past. Susceptibility to Vladimir Putin’s control over energy supplies had been an early warning from nations bordering Russia, yet this only gained widespread recognition following his…

“Manchester has always been Labour,” declared Angeliki Stogia, responding to assertions that her party now ranked as a mere “remote third” in the Gorton and Denton by-election contest. “We are constantly on the doorstep and acting on what people tell us,” the party’s nominee stated in an Instagram clip, countering unfavourable social media remarks.Nevertheless, while the locality has indeed habitually cast its ballot for Labour throughout much of the preceding century, the party acknowledges this might not hold true for Thursday’s poll. Some Labour campaigners apprehend that Sir Keir Starmer’s faction could finish third, behind the left-leaning Greens and the right-wing…

Leading private equity acquisition groups have found themselves unable to offload their Chinese portfolio firms for the second consecutive year, grappling with the challenge of converting their earlier financial commitments in the world’s second-largest economy into liquid assets.A total of ten major acquisition companies with stakes in China, including KKR, Blackstone, and CVC, recorded zero publicly reported full divestitures from their mainland Chinese holdings in 2025, based on figures provided by PitchBook and Dealogic.Globally, private equity has encountered difficulties in selling off its investments and achieving the substantial returns seen previously, as elevated interest rates suppress valuations and firms confront…

Gain access to the White House Watch newsletter without costAn essential overview of what Trump’s subsequent presidency implies for the capital, commerce, and global affairsAn American defense firm, which provided protection for humanitarian aid delivery at perilous locations in Gaza, intends to enlist several hundred staff members as it pursues fresh contracts within the framework of Donald Trump’s peace initiative for the ruined territory.UG Solutions informed the Financial Times that it had submitted a comprehensive proposal to offer security services encompassing convoy protection, operational locations, and warehousing for Trump’s controversial newly established Peace Board, which is charged with supervising an…

Andreas HaleFeb 22, 2026, 01:29 AM ETCloseAndreas Hale is a combat sports reporter at ESPN. Andreas covers MMA, boxing and pro wrestling. In Andreas’ free time, he plays video games, obsesses over music and is a White Sox and 49ers fan. He is also a host for Sirius XM’s Fight Nation. Before joining ESPN, Andreas was a senior writer at DAZN and Sporting News. He started his career as a music journalist for outlets including HipHopDX, The Grammys and Jay-Z’s Life+Times. He is also an NAACP Image Award-nominated filmmaker as a producer for the animated short film “Bridges” in 2024.Multiple…

Brett OkamotoFeb 22, 2026, 12:35 AM ETCloseBrett Okamoto has chronicled mixed martial arts and boxing for ESPN since 2010. He has reported on all the major combat sports spectacles during that period, including in-depth discussions and features with figures like Dana White, Khabib Nurmagomedov, Conor McGregor, Nate Diaz, Floyd Mayweather, Manny Pacquiao, and Georges St-Pierre. He also acted as a producer on the 30 for 30 documentary film: “Chuck and Tito,” which revisited the professional journeys and rivalry of Chuck Liddell and Tito Ortiz. He resides in Las Vegas, and is a passionate, somewhat mediocre golfer in his leisure time.Multiple…

Feb 21, 2026, 11:58 PM ETLOS ANGELES — UCLA triumphed over No. 10 Illinois 95-94 on Saturday night, thanks to Donovan Dent’s decisive layup with just one second left in overtime. The Bruins’ victory came after an impressive comeback, overcoming a 23-point first-half deficit.Supporters flooded the court in celebration as the game concluded. This marked UCLA’s most remarkable recovery since overcoming a 19-point disadvantage in a 90-83 win against Oregon at home on Feb. 23, 2019. Furthermore, with a 23-point differential, ESPN Research confirms it as the most significant comeback ever recorded against a Top-10 opponent in AP Poll history.”Undoubtedly,…

The 2026 Qatar Open concluded, culminating in the men’s singles championship match contested by Spanish luminary Carlos Alcaraz and promising French talent Arthur Fils.World No. 1 Carlos Alcaraz’s ultimate display, marking the end of an unforgettable week in Doha, witnessed him decisively defeat Arthur Fils in the final showdown.The Spanish prodigy had showcased exceptional play in earlier stages, securing a spirited comeback victory over Karen Khachanov in the quarter-final before overcoming reigning champion Andrey Rublev in the semi-final. Fils, on his end, had also appeared formidable as he vanquished a pair of seeded competitors, Jiří Lehečka and Jakub Menšík, on…

Feb 21, 2026, 04:51 PM ETSources informed ESPN’s Adam Schefter on Saturday that the Dallas Cowboys and Javonte Williams, a forthcoming free agent running back, have finalized a three-year deal. This agreement encompasses $16 million in guaranteed funds.Previously, Williams had inked a single-year, $3 million agreement with the Cowboys, subsequent to his four-season tenure with the Denver Broncos, who had chosen him in the second round of the 2021 draft. He then delivered his finest professional year, accumulating 1,201 rushing yards, which placed him ninth highest across the NFL. This achievement came despite his absence from the concluding game due…