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FILE PHOTO - California Governor Jerry Brown attends International Forum on Electric Vehicle Pilot Cities and Industrial Development in Beijing, China June 6, 2017.   REUTERS/Thomas Peter Germany, California to tackle climate change together Environment | Sat Jun 10, 2017 | 6:26am EDT Germany, California to tackle climate change together FILE PHOTO - California Governor Jerry Brown attends International Forum on Electric Vehicle Pilot Cities and Industrial Development in Beijing, China June 6, 2017. REUTERS/Thomas Peter BERLIN Germany is teaming up with California to cooperate on tackling climate change following the U.S. government's decision to withdraw from the 2015 Paris agreement. Europe's largest economy and the biggest U.S. state in economic terms will back the work of the "Under 2 Coalition," which includes cities, regional governments and states, German Environment Minister Barbara Hendricks said on Saturday. "We cannot achieve our climate goals without the engagement of local and regional communities. That has become even clearer after the U.S. withdrawal from the Paris climate agreement," Hendricks said after agreeing on the joint approach with California Governor Edmund Brown in San Francisco. "California and Germany unite the world leaders in the fight against climate change, the existential threat of our time," Brown said in a statement released by the German ministry. U.S. President Donald Trump's decision to pull the United States from the landmark 2015 Paris agreement drew anger and condemnation from world leaders and industry.

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Celebrities' Favorite Luggage | Travel + Leisure

From Chanel to Goyard, Hollywood's elite swear by these high-end suitcases.  Many celebrities never surrender fashion, even when they're just strolling through a domestic airport terminal. That’s why we almost always see stars step off the airplane  looking runway ready . And if a pair of shoes  is the statement piece of daily life, than the suitcase is certainly the focal point for any travel uniform. A number of luxury brands have become popular with Hollywood’s glitterati: Olivia Palermo always totes  Rimowa luggage , as does Cara Delevingne. Milla Jovovich, Gwyneth Paltrow, Macklemore, Diane Kruger, and Cameron Diaz are other A-listers who have been seen rolling the distinctive bag.  Gigi Hadid and Jessica Alba, on the other hand, have both been spotted with the LOMS cream-colored carry-on . And a slew of stars such as Emmy Rossum, Karlie Kloss, and Cindy Crawford love Tumi's fashionable and functional pieces. And it’s not just the women who take their baggage seriously. Eddie Redmayne always has his vintage suitcase on hand, while Alexander Skarsgard is partial to a Mulberry trolley. Channing Tatum and Ben Affleck were both seen rolling through airports with their Tumi pieces, while Josh Duhamel loves his all-black LOMS rolling bag . Starlets like Vanessa Hudgen, Elle Fanning, and Malin Akerman have been drawn to  Paticia Nash suitcases .The brand has built its reputation on high quality leather bags that are perfect for globetrotters. And of course the British royals are all about upscale luggage.

For the original version including any supplementary images or video, visit http://www.travelandleisure.com/travel-tips/celebrity-travel/celebrity-favorite-luggage

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Coach bags Kate Spade in 1.8bn takeover

Kate Space Kate Space's brightly coloured handbags have proven popular with millennials Coach, the New York-based handbag brand, has snapped up rival Kate Spade in a $2.4bn (£1.8bn) deal as it places its bets on the colourful leather accessories that have lured millennial shoppers. The deal follows months of speculation about the future of Kate Spade and intense pressure from activist hedge fund Caerus Investors, which said the company should put itself up for sale after underperforming its peers. In February it confirmed that it was exploring its strategic options.  However, despite lots of publicity, as the sale process has dragged on the takeover has resulted in a significantly lower valuation than what investors, including Caerus, had hoped. Coach is paying $18.50 a share in cash, just 9pc above Kate Spade's close or 27.5pc on top of the undisturbed share price before reports surfaced about a potential deal. Caerus กระเป๋า CHARLES & KEITH สะพายข้าง สีดำ had been pushing for a 50pc premium or a deal that would have valued the accessories business at around $27 a share. However, Kate Spade shares have fallen by a fifth since their nine-month high in February when the company was valued at around $3bn. Coach has been trying to attract younger shoppers and Kate Spade's brightly coloured accessories and animal-shaped handbags have proven popular with millennials. However it has suffered from an industry-wide slowdown in department store sales.  Kate Spade has become known for its fun accessories.  Analysts highlighted Kate Spade's lacklustre first-quarter results last month, when the company revealed a 2.4pc slip in sales and its first like-for-like slump since 2010. Industry sources said that the sales fall helped bidders' negotiating position.  Michael Kors was also interested in acquiring the business.  Coach has said that it believes it can generate $50m of synergies within the first three years of closing and it will finance the deal with a loan and from its £1.2bn of cash on the balance sheet.  "Kate Spade has a truly unique and differentiated brand positioning with a broad lifestyle assortment and strong awareness among consumers, especially millennials," said Victor Luis, chief executive of Coach. "Through this acquisition, we will create the first New York-based house of modern luxury lifestyle brands, defined by authentic, distinctive products and fashion innovation." Film star Anna Kendrick featuring in a Kate Spade advert "Following a thorough review of strategic alternatives, reaching an agreement to join Coach’s portfolio of global brands will maximize value for our shareholders and positions Kate Spade for long-term success as we continue our evolution into a powerful, global, multi-channel lifestyle brand," said Craig Leavitt, boss of Kate Spade.  Mr Luis said that he would reduce Kate Spade's wholesale business and online flash sales in order to protect margins and its luxury reputation.  City sources have also tipped Coach, which already owns the Stuart Weitzmann shoe brand, as a potential suitor for stilettos brand Jimmy Choo , which announced it was also exploring options last month. Bankers have stressed Coach's thirst for acquisitions following the US handbag maker's failed tilt for British luxury group Burberry last year. 

For the original version including any supplementary images or video, visit http://www.telegraph.co.uk/business/2017/05/08/coach-bags-kate-spade-18bn-takeover/

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