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Souring Mood for U.S. Consumers Across All Income Groups Clouds Prospects, Threatening Potential Downturn in Demand--Bain/Dynata Consumer Health Indexes
BOSTON, Massachusetts, Aug. 22 (TNSrep) -- Bain and Co., a management consulting firm, issued the following news release:
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Souring mood for US consumers across all income groups clouds prospects, threatening potential downturn in demand--Bain/Dynata Consumer Health Indexes
BOSTON--August 21, 2025-- A souring mood among US consumers is emerging, with adverse shifts across the income spectrum signalling a deteriorating outlook and threatening that a potential downturn in demand may lie ahead, latest results (https://bain.com/insights/us-consumer-health-indexes) of the Bain & Company/Dynata
... Show Full Article
BOSTON, Massachusetts, Aug. 22 (TNSrep) -- Bain and Co., a management consulting firm, issued the following news release:
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Souring mood for US consumers across all income groups clouds prospects, threatening potential downturn in demand--Bain/Dynata Consumer Health Indexes
BOSTON--August 21, 2025-- A souring mood among US consumers is emerging, with adverse shifts across the income spectrum signalling a deteriorating outlook and threatening that a potential downturn in demand may lie ahead, latest results (https://bain.com/insights/us-consumer-health-indexes) of the Bain & Company/DynataConsumer Health Indexes (CHI) indicate.
The CHI report's headline outlook gauge for consumer prospects across all US income groups slipped in August, declining to 100.2 from July's 101.0 reading, reflecting the worsening sentiment among American households and a more fragile consumer environment.
The outlook reading for lower-income Americans (earning below $50,000 per year) fell to 96.4 this month, extending a decline that began in June and marking its third consecutive month at the low end of the gauge's range for the past year. Alongside, the August CHI outlook score for middle-income households (earning $50,000 to $100,000 per year), which had stalled for the previous five months, fell 0.7 points to 99.5, taking it below its neutral level of 100 for the first time since mid-2023.
While upper-income consumers (earning more than $100,000 per year) remain in a positive position for now, the Bain/Dynata analysis warns of signs that optimism among this better-off group is rolling over simultaneously across the CHI indicators for outlook, spending intentions, and intent to use debt. In August, the outlook score for upper-income Americans declined by 1.2 points to 104.3; the intent to spend reading rose by only a modest 0.8 points - registering its smallest gain in months; and the gauge for intent to use debt dipped by 0.1 points to 104.1. The report concludes that this pattern of movements, taken together, suggests a meaningful inflection for upper-income consumers may be underway, even though the overall positioning for these earners remains strong at present.
"The consumer is sending negative signals across all income groups. Both lower-income and middle-income households are showing poor outlook readings and upper-income households' optimism is starting to roll over. A delicate consumer is getting ever closer to the edge. We advise businesses to plan for scenarios that include weakening consumer demand for the coming quarters," Brian Stobie, vice president in Bain & Company's Macro Trends Group, said.
August's further worsening in the outlook gauge for lower-income US households provides strengthened evidence of problems in the job market impacting this group, the Bain/Dynata analysis warns. This month's fall comes after July's CHI report cautioned that the lower-income group's declining outlook reading was a signal of deteriorating labor market conditions - a conclusion validated by the subsequent, unusually large downward revisions to prior months' official payroll data. The weaker outlook scores for lower-income Americans are not yet affecting the group's spending intentions, with the CHI gauge of these steady this month at 99.0, the report notes. But it cautions that the spending situation could shift rapidly if sizable job losses begin to be seen in the economy.
Spending intentions for middle-income consumers are also holding steady for now, the CHI data shows. However, the reading for the group's intent to use debt fell by 3.6 points in August, to 95.1, the lowest since August 2020, while the gauge for its savings intentions jumped by 3.4 points to 98.5 - a dynamic that the Bain/Dynata analysis suggests may indicate middle-income earners are battening down the hatches.
The CHI report concludes that US consumers are collectively feeling more pessimistic, even if this shift is not yet apparent in broader economic data. While the outsized role of upper-income earners in US discretionary spending may help sustain overall consumer demand in the near-term, the CHI data points overall to a negative shift in consumers' perceptions of prospects, the analysis finds. In turn, the report counsels that businesses should include scenarios for a weaker consumer outlook in their planning.
Brian Stobie added: "Lower-income households are telling us something is off in the labor market and the recent revisions to the official payroll data back up this signal. For middle-income earners, the housing tailwind that often drives optimism just isn't there this year - and housing weakness is starting to register, with this group bracing for tougher conditions. And while the upper-income consumer is still in a strong position for now, the peak optimism we saw last month took a step back even as markets continue to rally. The signs are that the exuberance of early summer is giving way to something more cautious."
About Bain & Company
Bain & Company is a global consultancy that helps the world's most ambitious change makers define the future.
Across 65 cities in 40 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition, and redefine industries. We complement our tailored, integrated expertise with a vibrant ecosystem of digital innovators to deliver better, faster, and more enduring outcomes. Our 10-year commitment to invest more than $1 billion in pro bono services brings our talent, expertise, and insight to organizations tackling today's urgent challenges in education, racial equity, social justice, economic development, and the environment. We earned a gold rating from EcoVadis, the leading platform for environmental, social, and ethical performance ratings for global supply chains, putting us in the top 2% of all companies. Since our founding in 1973, we have measured our success by the success of our clients, and we proudly maintain the highest level of client advocacy in the industry.
About Dynata
Dynata is the world's largest first-party data company for insights, activation, and measurement. With a reach that encompasses 70 million consumers and business professionals globally and an extensive library of individual profile attributes collected through surveys, Dynata is the cornerstone for precise, trustworthy quality data. The company has built innovative data services and solutions around its robust first-party data offering to bring the voice of the customer to the entire marketing continuum -- from uncovering insights to activating campaigns and measuring cross-channel marketing return on investment. Dynata serves more than 6,000 market research, media and advertising agencies, publishers, consulting and investment firms, and corporate customers in North America, South America, Europe, and Asia-Pacific. Learn more at www.dynata.com
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Original text here: https://www.bain.com/about/media-center/press-releases/20252/souring-mood-for-us-consumers-across-all-income-groups-clouds-prospects-threatening-potential-downturn-in-demandbaindynata-consumer-health-indexes/
[Category: BizConsulting]
Mount Sinai Health System: Combination Therapy Improves Outcomes for Advanced Triple-Negative Breast Cancer
NEW YORK, Aug. 22 (TNSjou) -- Mount Sinai Health System issued the following news release:
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Combination Therapy Improves Outcomes for Advanced Triple-Negative Breast Cancer
New York, NY (August 21, 2025) - A new study led by researchers at the Icahn School of Medicine at Mount Sinai has found that adding the targeted therapy everolimus to standard carboplatin chemotherapy extends the time before disease progression in patients with advanced triple-negative breast cancer (TNBC), one of the most aggressive and hard-to-treat forms of breast cancer.
The randomized phase 2 clinical trial,
... Show Full Article
NEW YORK, Aug. 22 (TNSjou) -- Mount Sinai Health System issued the following news release:
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Combination Therapy Improves Outcomes for Advanced Triple-Negative Breast Cancer
New York, NY (August 21, 2025) - A new study led by researchers at the Icahn School of Medicine at Mount Sinai has found that adding the targeted therapy everolimus to standard carboplatin chemotherapy extends the time before disease progression in patients with advanced triple-negative breast cancer (TNBC), one of the most aggressive and hard-to-treat forms of breast cancer.
The randomized phase 2 clinical trial,published in Breast Cancer Research and Treatment, showed that patients receiving the combination treatment experienced a 52 percent reduction in the risk of disease progression or death compared to those treated with carboplatin alone. The regimen was well tolerated, with no unexpected safety concerns.
"Triple-negative breast cancer has limited treatment options and is often resistant to standard therapies," said senior author Amy Tiersten, MD, Professor of Medicine (Hematology and Medical Oncology) at the Icahn School of Medicine. "Our findings suggest that the combination of carboplatin and everolimus could offer a new option for patients, and should be further tested in larger clinical trials to confirm its effectiveness and safety."
According to the American Cancer Society, triple-negative breast cancer is a type of breast cancer that makes up about 10 to 15 out of every 100 cases. It's tougher to treat and can be more dangerous than other kinds of breast cancer.
Many TNBC tumors are missing something called the PTEN gene, which usually helps keep cell growth under control. Without PTEN, a "growth switch" called the mTOR pathway gets turned on, making the cancer grow faster. Everolimus can block this switch, which may slow down or even stop the cancer from spreading.
In this study, Mount Sinai doctors worked with patients whose TNBC had already been treated up to three times before. They randomly chose some patients to receive carboplatin (a common chemotherapy) alone, while others got carboplatin plus everolimus. The patients who got both medicines lived without their cancer getting worse for longer than those who got only chemotherapy. "This combination could represent a promising new treatment option for advanced triple-negative breast cancer if validated in phase 3 trials," said Rima Patel, MD, Assistant Professor of Medicine (Hematology and Medical Oncology) at the Icahn School of Medicine and first author of the study.
Future phase 3 studies will be needed to confirm the efficacy of carboplatin and everolimus in metastatic TNBC. If the efficacy of the combination is confirmed in larger studies, carboplatin and everolimus could be considered another treatment option for patients with TNBC in lieu of offering carboplatin or another single-agent chemotherapy alone.
Novartis provided the study drug everolimus.
About the Icahn School of Medicine at Mount Sinai
The Icahn School of Medicine at Mount Sinai is internationally renowned for its outstanding research, educational, and clinical care programs. It is the sole academic partner for the seven member hospitals/* of the Mount Sinai Health System, one of the largest academic health systems in the United States, providing care to New York City's large and diverse patient population.
The Icahn School of Medicine at Mount Sinai offers highly competitive MD, PhD, MD-PhD, and master's degree programs, with enrollment of more than 1,200 students. It has the largest graduate medical education program in the country, with more than 2,600 clinical residents and fellows training throughout the Health System. Its Graduate School of Biomedical Sciences offers 13 degree-granting programs, conducts innovative basic and translational research, and trains more than 560 postdoctoral research fellows.
Ranked 11th nationwide in National Institutes of Health (NIH) funding, the Icahn School of Medicine at Mount Sinai is among the 99th percentile in research dollars per investigator according to the Association of American Medical Colleges. More than 4,500 scientists, educators, and clinicians work within and across dozens of academic departments and multidisciplinary institutes with an emphasis on translational research and therapeutics. Through Mount Sinai Innovation Partners (MSIP), the Health System facilitates the real-world application and commercialization of medical breakthroughs made at Mount Sinai.
*/ Mount Sinai Health System member hospitals: The Mount Sinai Hospital; Mount Sinai Brooklyn; Mount Sinai Morningside; Mount Sinai Queens; Mount Sinai South Nassau; Mount Sinai West; and New York Eye and Ear Infirmary of Mount Sinai.
About the Mount Sinai Health System
Mount Sinai Health System is one of the largest academic medical systems in the New York metro area, with 48,000 employees working across seven hospitals, more than 400 outpatient practices, more than 600 research and clinical labs, a school of nursing, and a leading school of medicine and graduate education. Mount Sinai advances health for all people, everywhere, by taking on the most complex health care challenges of our time--discovering and applying new scientific learning and knowledge; developing safer, more effective treatments; educating the next generation of medical leaders and innovators; and supporting local communities by delivering high-quality care to all who need it.
Through the integration of its hospitals, labs, and schools, Mount Sinai offers comprehensive health care solutions from birth through geriatrics, leveraging innovative approaches such as artificial intelligence and informatics while keeping patients' medical and emotional needs at the center of all treatment. The Health System includes approximately 9,000 primary and specialty care physicians and 10 free-standing joint-venture centers throughout the five boroughs of New York City, Westchester, Long Island, and Florida. Hospitals within the System are consistently ranked by Newsweek's "The World's Best Smart Hospitals, Best in State Hospitals, World Best Hospitals and Best Specialty Hospitals" and by U.S. News & World Report's "Best Hospitals" and "Best Children's Hospitals." The Mount Sinai Hospital is on the U.S. News & World Report "Best Hospitals" Honor Roll for 2025-2026.
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Original text here: https://www.mountsinai.org/about/newsroom/2025/combination-therapy-improves-outcomes-for-advanced-triple-negative-breast-cancer
[Category: BizHospital]
Marcus & Millichap Arranges Sale of 10-Suite Retail Property in Pflugerville, Texas
ENCINO, California, Aug. 22 -- Marcus and Millichap issued the following news release:
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Marcus & Millichap Arranges Sale of 10-Suite Retail Property in Pflugerville, Texas
PFLUGERVILLE, Texas, Aug. 21, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Windermere Drive Retail Center, a 10-suite shopping center in Pflugerville, Texas.
"This transaction highlights the continued strength of the Austin retail market, which continues to attract strong
... Show Full Article
ENCINO, California, Aug. 22 -- Marcus and Millichap issued the following news release:
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Marcus & Millichap Arranges Sale of 10-Suite Retail Property in Pflugerville, Texas
PFLUGERVILLE, Texas, Aug. 21, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Windermere Drive Retail Center, a 10-suite shopping center in Pflugerville, Texas.
"This transaction highlights the continued strength of the Austin retail market, which continues to attract stronginterest from out-of-state investors," said Coleman Solomon, director investments. "We created a competitive, multiple-offer situation, demonstrating the property's appeal. The buyer recognized an opportunity to create value by aligning rents with current market levels, supported by Pflugerville's solid economic fundamentals and strong long-term growth trajectory."
Solomon, along with Philip Levy and Doug Diffie, investment specialists in Marcus & Millichap's Austin office, exclusively represented the seller, Ridge Hill Investments, and successfully procured the buyer, a New York-based investment group.
Windermere Drive Retail Center is a 34,311-square-foot, fully occupied shopping center located at 15806 Windermere Dr. Built in 2004 and renovated in 2013, the property spans 4.09 acres and includes four buildings. It is situated at the intersection of Windermere Drive and W. Pecan Street, receiving visibility from over 34,800 vehicles per day. Tenants include a mix of service-oriented businesses such as Valery Hair & Nails, Los Amigos Meat Market and Iglesia El Shaddai Church.
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
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Original text here: https://www.marcusmillichap.com/news-events/press/2025/08/08-20-windermeredrive
[Category: BizRealEstate]
Mahindra Sets a New Benchmark: XUV 3XO REVX A Becomes the World's First SUV Under 12 rupee Lakh to Feature Dolby Atmos
SAN FRANCISCO, California, Aug. 22 -- Dolby Laboratories Inc. issued the following news release:
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Mahindra Sets a New Benchmark: XUV 3XO REVX A Becomes the World's First SUV Under 12 rupee Lakh to Feature Dolby Atmos
Redefining Accessibility with Premium Audio Experience
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Mumbai, August 21, 2025: Dolby Laboratories, Inc. (NYSE: DLB), a leader in immersive entertainment experiences, and Mahindra & Mahindra Ltd., India's leading SUV manufacturer, today announced that the two companies will redefine the audio entertainment experience in more accessible cars by introducing Dolby Atmos to
... Show Full Article
SAN FRANCISCO, California, Aug. 22 -- Dolby Laboratories Inc. issued the following news release:
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Mahindra Sets a New Benchmark: XUV 3XO REVX A Becomes the World's First SUV Under 12 rupee Lakh to Feature Dolby Atmos
Redefining Accessibility with Premium Audio Experience
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Mumbai, August 21, 2025: Dolby Laboratories, Inc. (NYSE: DLB), a leader in immersive entertainment experiences, and Mahindra & Mahindra Ltd., India's leading SUV manufacturer, today announced that the two companies will redefine the audio entertainment experience in more accessible cars by introducing Dolby Atmos toMahindra's category disrupting XUV 3XO, starting with the newly launched XUV 3XO REVX A. This makes Mahindra's XUV 3XO REVX A variant the world's first SUV under Rs. 12 Lakh (ex-showroom) to feature Dolby Atmos.
Originally created for the cinema, Dolby Atmos is a new way to create and experience entertainment that delivers artistic expression at its fullest capacity, immersing listeners in the content they love and forging a deeper connection between creators and their fans. In the car, entertainment in Dolby Atmos goes beyond the ordinary listening experience, revealing details with unparalleled clarity and depth. For consumers, it unlocks new levels of emotion for them to enjoy their music. Dolby Atmos can turn just about every vehicle into a space where drivers and passengers get even more out of their favourite entertainment.
Dolby Atmos delivers an elevated entertainment experience that complements the evolving needs of the modern Indian consumers who value performance, accessibility, and high-quality audio on the go.
In addition to REVX A, Dolby Atmos will also be available on the AX5L, AX7 and AX7L variants. The system features a six-speaker audio layout, meticulously tuned to complement the unique cabin architecture of the XUV 3XO, ensuring an immersive sound experience that places passengers at the very heart of the soundstage. The AX7L variant takes this experience to the next level with an additional subwoofer, delivering deeper bass and enhanced sound clarity to create a truly cinematic soundscape. All four variants of XUV 3XO with Dolby Atmos will be available for customers from mid-September.
R Velusamy, President - Automotive Business (Designate), Mahindra & Mahindra Ltd., said "At Mahindra, we are driven by the vision of democratising advanced innovations to make them accessible to a wider range of customers. With the XUV 3XO, we are proud to set a significant milestone by introducing Dolby Atmos starting with the sub 12 rupee Lakh SUV - XUV 3XO REVX A--a global first that redefines in-cabin audio with immersive sound for a larger group of general consumers, transforming every journey. By bringing premium features like Dolby Atmos to the XUV 3XO, we aim to connect with the evolving aspirations of today's SUV buyers."
Karan Grover, Senior Director, Commercial Partnerships - IMEA, Dolby Laboratories said, "We believe great sound should be available to everyone, everywhere. With the Mahindra XUV 3XO, we are proud to bring Dolby Atmos to a larger set of Indian consumers, making immersive in-car entertainment more accessible than ever before. By turning the cabin into a personalized concert on wheels, we're transforming how people experience their everyday drive. This is a significant moment in our journey as we continue to push boundaries of in-cabin entertainment and deliver that amazing experience to more consumers."
Whether it's for daily commutes or weekend getaways, Dolby Atmos transforms every drive into an engaging entertainment feast. With Gaana streaming integrated directly into the infotainment system, occupants can access Dolby Atmos Music anytime in the cars, making every journey truly unforgettable.
The XUV 3XO is now the fourth Mahindra vehicle series to feature Dolby Atmos, as the company continues to raise the bar for in-cabin entertainment experience in its offerings. Dolby Atmos was first introduced on the BE 6 and XEV 9e Electric Origin SUVs followed by the Thar ROXX.
About Mahindra
Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility SUVs, information technology and financial services in India and is the world's largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality, and real estate.
The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise.
Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/newsroom.
About Dolby
Dolby Laboratories (NYSE: DLB) is a world leader in immersive entertainment. From movies and TV, to music, sports, gaming, and beyond, Dolby transforms the science of sight and sound into spectacular experiences for billions of people worldwide across all their favorite devices. We partner with artists, storytellers, and the brands you love to transform entertainment and digital experiences through groundbreaking innovations like Dolby Atmos, Dolby Vision, Dolby Cinema, and Dolby OptiView.
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Original text here: https://news.dolby.com/en-WW/253316-mahindra-sets-a-new-benchmark-xuv-3xo-revx-a-becomes-the-world-s-first-suv-under-12-lakh-to-feature-dolby-atmos/
[Category: BizEntertainment Industry]
Gap to Participate in the 32nd Annual Goldman Sachs Global Retailing Conference
SAN FRANCISCO, California, Aug. 22 -- Gap, a retailer of clothing and accessories, issued the following news release on Aug. 21, 2025:
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Gap Inc. to Participate in the 32nd Annual Goldman Sachs Global Retailing Conference
Gap Inc. (NYSE: GAP), today announced that Richard Dickson, President and Chief Executive Officer, will participate in a fireside chat at the 32nd Annual Goldman Sachs Global Retailing Conference in New York, NY on Thursday, September 4, 2025 at 9:35 a.m. Eastern Time.
A live webcast will be available online at investors.gapinc.com and, following the event, a replay of
... Show Full Article
SAN FRANCISCO, California, Aug. 22 -- Gap, a retailer of clothing and accessories, issued the following news release on Aug. 21, 2025:
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Gap Inc. to Participate in the 32nd Annual Goldman Sachs Global Retailing Conference
Gap Inc. (NYSE: GAP), today announced that Richard Dickson, President and Chief Executive Officer, will participate in a fireside chat at the 32nd Annual Goldman Sachs Global Retailing Conference in New York, NY on Thursday, September 4, 2025 at 9:35 a.m. Eastern Time.
A live webcast will be available online at investors.gapinc.com and, following the event, a replay ofthe webcast will be available at the same location.
Forward-Looking Statements
This webcast may contain forward-looking statements within the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. All statements other than those that are purely historical are forward-looking statements. Words such as "expect," "anticipate," "believe," "estimate," "intend," "plan," "project," and similar expressions also identify forward-looking statements.
Because forward-looking statements involve risks and uncertainties, there are important factors that could cause the company's actual results to differ materially from those in any forward-looking statements. Information regarding factors that could cause results to differ can be found in the company's Annual Report on Form 10-K for the fiscal year ended February 1, 2025, as well as the company's subsequent filings with the Securities and Exchange Commission. The company assumes no obligation to publicly update or revise any forward-looking statements even if experience or future changes make it clear that any projected results expressed or implied therein will not be realized.
About Gap Inc.
Gap Inc., a purpose-driven house of iconic brands, is the largest specialty apparel company in America. Its Old Navy, Gap, Banana Republic, and Athleta brands offer clothing, accessories, and lifestyle products for men, women and children available worldwide through company-operated and franchise stores, and e-commerce sites. Since 1969, Gap Inc. has created products and experiences that shape culture, while doing right by employees, communities and the planet through its commitment to bridge gaps to create a better world. For more information, please visit www.gapinc.com.
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Original text here: https://www.gapinc.com/en-us/articles/2025/08/gap-inc-to-participate-in-the-32nd-annual-goldman-
[Category: BizConsumer Services]
Four Seasons Resort The Nam Hai Unveils Redesigned One-Bedroom and Family Villas
TORONTO, Ontario, Aug. 22 [Category: TravelBiz] -- Four Seasons Hotels and Resorts posted the following news release:
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Four Seasons Resort The Nam Hai Unveils Redesigned One-Bedroom and Family Villas
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Four Seasons Resort The Nam Hai unveils its newly refurbished One-Bedroom Villas and Family Villas, revealing a renewed expression of luxury beachfront living in central Vietnam. A total of 60 villa units will be available for booking, with the final phase of renovation currently underway. At present, 43 villas are open for guests to enjoy, while the remaining 17 villas are expected to be
... Show Full Article
TORONTO, Ontario, Aug. 22 [Category: TravelBiz] -- Four Seasons Hotels and Resorts posted the following news release:
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Four Seasons Resort The Nam Hai Unveils Redesigned One-Bedroom and Family Villas
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Four Seasons Resort The Nam Hai unveils its newly refurbished One-Bedroom Villas and Family Villas, revealing a renewed expression of luxury beachfront living in central Vietnam. A total of 60 villa units will be available for booking, with the final phase of renovation currently underway. At present, 43 villas are open for guests to enjoy, while the remaining 17 villas are expected to becompleted by mid-December 2025.
Transformed by Hirsch Bedner Associates (HBA) Singapore, the villas reaffirm the spirit of the original design by architect Reda Amalou of Paris-based AW2 and late interior designer Jaya Ibrahim, introducing contemporary refinements while preserving the essential character that has defined the Resort since its inception. With open views of tropical gardens and the East Sea, the revamped villas are designed for couples and families seeking space, stillness and a deeper connection to the surrounding natural beauty.
Through the renovation, the One-Bedroom Villa has not only undergone a stunning interior transformation but has also increased in size from 80 sqm to 87 sqm. Similarly, the Family Villa has expanded from 104 sqm to 108 sqm, providing guests with even more spacious accommodations to enjoy their stay.
"Four Seasons Resort The Nam Hai has always endeavoured to maintain a sense of place while anticipating the needs of today's traveller," says Marcel Oostenbrink, General Manager. "This renovation preserves that intention, while bringing in new warmth and intimacy. It's a continuation of, not a departure from, a design narrative that's very much rooted in the region."
A Living Design Legacy
Guided by respect for legacy and love for detail, the redesign of the One-Bedroom Villas and Family Villas reflects a dialogue between Vietnamese heritage and contemporary elegance.
Envisioned from the outset as a modern-day interpretation of the garden houses of Hue, the former imperial capital of Vietnam, each villa retains its architectural bones - a timber roof, an elevated sleeping platform and an uninterrupted line of sight from bed to sea. Within this familiar frame, a thoughtful transformation quietly reveals itself.
A refreshed, lighter colour palette with chartreuse and mustard accents resonates with the surrounding landscape, while artisanal materials and locally inspired silhouettes speak to the region's enduring craft traditions.
Craft, Comfort, Composition
Anchoring the living area, a newly introduced bay window draws in abundant natural light, while a plush daybed creates a serene nook for reading, rest or reflection. The central sleeping pavilion - a signature feature of the original design - has been reimagined with sunset-toned ombre drapery and pendant lighting inspired by traditional non la hats.
Positioned for privacy, a second daybed provides a cozy hideaway for lounging and afternoon siestas. Grounding the space in structure and purpose are a dresser that also serves as a writing desk and nightstands in a stunning crackled eggshell finish. In the Family Villas, a sectioned-off lounge doubles as a kids' room, complete with a sofa-bed, bathroom with shower, and other comforts for young guests.
Expanded bathrooms feature a striking interplay of textures and colours with bold Panda White marble, artisanal floor tiles and a seeded glass lantern. The redesigned vanity counter recalls traditional Vietnamese cabinetry, while a window frames the free-standing bathtub. Bath rituals now come with views of the lush garden and rain shower area, inviting guests to relax in a harmonious blend of nature and luxury.
Inclusions such as discreet lighting, Dyson hairdryers, Bang & Olufsen Bluetooth speakers, wireless phone chargers, yoga mats and 55-inch smart TVs are found in each villa, integrating intuitive comfort and functionality.
To experience the redesigned villas and reserve a stay at Four Seasons Resort The Nam Hai, contact reservations.hoian@fourseasons.com, call +84 235 394 0000 or visit the offers page here.
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Original text here: https://press.fourseasons.com/hoian/hotel-news/2025/redesigned-one-bedroom-and-villas
Blackstone Announces Agreement to Acquire Shermco for Approximately $1.6 Billion
NEW YORK, Aug. 22 -- Blackstone, an investment firm, issued the following news release:
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Blackstone Announces Agreement to Acquire Shermco for Approximately $1.6 Billion
New York, NY - August 21, 2025 - Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone ("Blackstone") have entered into a definitive agreement to acquire Shermco, a leading provider of full life-cycle electrical equipment services, from Gryphon Investors, a leading middle-market private investment firm. The transaction values the business at approximately $1.6 billion.
Founded in 1974,
... Show Full Article
NEW YORK, Aug. 22 -- Blackstone, an investment firm, issued the following news release:
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Blackstone Announces Agreement to Acquire Shermco for Approximately $1.6 Billion
New York, NY - August 21, 2025 - Blackstone (NYSE: BX) announced today that private equity funds affiliated with Blackstone ("Blackstone") have entered into a definitive agreement to acquire Shermco, a leading provider of full life-cycle electrical equipment services, from Gryphon Investors, a leading middle-market private investment firm. The transaction values the business at approximately $1.6 billion.
Founded in 1974,Shermco is one of the largest electrical testing organizations accredited by the InterNational Electrical Testing Association ("NETA"), providing comprehensive electrical system maintenance, repair, testing, commissioning and design services, with more than 600 NETA technicians and 200 engineers across 40 service centers in the U.S. and Canada. Shermco provides critical services for data centers, utilities and diversified commercial and industrial end-markets, partnering with customers to enhance the safety, reliability and efficiency of their critical electrical infrastructure, while minimizing downtime and outages.
JP Munfa and Michael Staub, Senior Managing Directors at Blackstone, said: "Shermco's maintenance, testing, and commissioning services are vital to maintaining the reliability and safety of mission-critical electrical infrastructure. We are excited to partner with Phil Petrocelli and his exceptional leadership team to build on Shermco's strong momentum and expand its ability to serve customers nationwide as a trusted provider of essential electrical services."
David Foley, Global Head of Blackstone Energy Transition Partners, added: "As a leading energy investor focused on investment opportunities related to increasing electrification and the energy transition, we proactively seek out companies with strong, entrepreneurial management and work with them to fully capitalize on growth opportunities, building scale and competitive advantage. Shermco is well positioned to benefit from continued growth in the installed base of technically complex electrical equipment both on the grid and behind the meter and is the twelfth investment commitment from our most recent energy transition fund since the initiation of its investment period in June last year."
Phil Petrocelli, CEO of Shermco, said: "Partnering with Blackstone marks an exciting next step in our growth trajectory. Together with its scale, resources and deep expertise across the energy industry, we're excited to continue serving our customers' critical power-system needs and expand our footprint and capabilities for our talented technicians and engineers - all while maintaining Shermco's unwavering commitment to safety, service and excellence."
Shermco represents the latest in a number of recent transactions Blackstone Energy Transition Partners has announced behind its high-conviction investment themes in electrification and the ongoing energy transition, including Enverus, Lancium, Power Grid Components, Potomac Energy Center, Sediver, Trystar, Westwood, and others. Blackstone Energy Transition Partners and Blackstone's private equity strategy for individual investors are each expected to invest in Shermco as part of this transaction.
Stifel and JPMorgan acted as financial advisors and Vinson & Elkins acted as a legal advisor to Blackstone. Harris Williams served as a financial advisor and Kirkland & Ellis served as a legal advisor to Gryphon Investors and Shermco.
About Blackstone Energy Transition Partners
Blackstone Energy Transition Partners is Blackstone's energy-focused private equity business, a leading energy investor with a successful long-term record, having committed over $27 billion of equity globally across a broad range of sectors within the energy industry. Our investment philosophy is based on backing exceptional management teams with flexible capital to provide solutions that help energy companies grow and improve performance, thereby delivering cleaner, more reliable and affordable energy to meet the needs of the global community. In the process, we build stronger, larger scale enterprises, create jobs and generate lasting value for our investors, employees and all stakeholders. Further information is available at https://www.blackstone.com/our-businesses/blackstone-energy-transition-partners/.
About Shermco
Headquartered in Irving, TX, Shermco provides electrical testing, maintenance, commissioning and repair services to a wide range of utility, industrial, energy and other end markets. With more than 40 locations, Shermco serves a diversified blue-chip client base across North America. The Company is an active participant in NETA (the InterNational Electrical Testing Association), EASA (Electrical Apparatus Service Association), and ACP (American Clean Power Association). For more information, visit www.shermco.com.
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Original text here: https://www.blackstone.com/news/press/blackstone-announces-agreement-to-acquire-shermco-for-approximately-1-6-billion/
[Category: BizFinancial Services]
