•Destination XL Group announced it is reevaluating its merger agreement with FullBeauty Holdings due to a challenging consumer environment and FullBeauty's debt.
•PVH, owner of Tommy Hilfiger and Calvin Klein, now expects full-year revenue to stay approximately flat, down from previous guidance of a slight increase.
•Prime Minister Sanae Takaichi approved an additional $19.4 billion spending package to cushion the inflation blow from Middle East energy supply disruptions.
•The package includes a $16 billion reserve fund specifically for controlling energy commodity prices and capping gasoline prices at the pump.
•The additional budget will be financed through the issuance of new deficit-financing bonds.