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In addition to vagina-scented candles and 18-karat gold dumbbells, Goop aficionados may soon be able to buy stock in the health and wellness retailer founded by Gwyneth Paltrow.

At least that’s the chatter going around Wall Street after a monied investor launched plans for a new blank-check company focused on investing in an “aspirational lifestyle” company.

Ravi Thakran, a private equity partner and executive of luxury conglomerate LVMH, filed paperwork Wednesday for a new blank-check company called Aspirational Consumer Lifestyle Corp., which is looking to raise $225 million to invest in “businesses with premium brands that offer an aspirational lifestyle experience to consumers.”

Such entities — formally known as a special acquisition vehicles or SPACs — have no business operations. They are created simply to raise money to buy an existing company that then takes over their stock listing.

Thakran’s SPAC could not be reached for comment about whether it has Paltrow’s health and wellness brand in its sights, but Wall Streeters say it makes sense.

“There aren’t a lot of private companies that fit the description here,” said one Wall Street banker who follows SPACs. “Goop fits, and it has a big enough profile to make SPAC investors happy.”

Adding to the intrigue, Thakran’s SPAC plans to raise $225 million, which sources note matches up with Goop’s valuation of $250 million from March.

“It’s definitely got to be on their radar,” said an investment banker. “It would be a solid business combination, and it would be very on-brand for Goop to do a SPAC while they are this hip.”

Paltrow founded Goop in 2008 as a weekly email newsletter providing new age health and advice that was often mocked, such as “eliminate white foods.” Despite on-going criticisms of Goop’s sometimes oddball offerings (including its recent $75 “This Smells Like My Vagina” candle), the actress has grown the company into a national name with more than 100 employees, Goop-branded retail stores, a line at make-up chain Sephora, and a Netflix series called “The Goop Lab.”

Sephora is owned by LVMH, where Thakran is group president of South Asia, South East Asia and Middle East.

It’s unclear if Paltrow would be willing to take Goop public through a SPAC, and her company declined to comment. But SPACs — a once backwater route to an IPO for no-name companies — are increasingly being used to create backdoor IPOs for household names like sport betting company DraftKings and electric car maker Nikola.

High-profile investors are also increasing getting in on the act, including billionaire Bill Ackman and former Goldman Sachs president turned former Trump White House advisor Gary Cohn.

News Source: newsbrig.com

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NBA Rumors: Sending Bradley Beal To Warriors Would Be Best Trade For Wizards In 2020 Offseason

In his recent article, Grant Hughes of Bleacher Report created a list of the “best trade” every team can actually make in the 2020 offseason. Surprisingly for the Washington Wizards, it isn’t a deal that would make them more competitive in the Eastern Conference in the 2020-21 NBA season, but the potential trade that would mark the start of the rebuilding process. According to Hughes, the “best trade” that the Wizards could make this fall is to send All-Star shooting guard Bradley Beal to the Golden State Warriors.

In the proposed scenario, Beal would be heading to Golden State in exchange for a package that includes Andrew Wiggins, Eric Paschall, and the No. 2 overall selection in the 2020 NBA Draft. Though they are seriously considering running it back next year, Hughes explains why trading Beal to the Warriors would be the best move for Washington.

“Andrew Wiggins’ salary is an albatross, but Wall’s is already dragging the Wizards’ prospects down. The theory here is that the Wizards are going to be bad regardless and that getting a high lottery pick and an all-rookie first-teamer is worth the price of acknowledging this is a rebuild—albeit one made more difficult by Wall’s contract. The alternative is holding on to Beal, losing games and watching his value diminish over time. He’s appealing as a trade asset now because his contract runs through 2022-23. The longer Washington waits, the less Beal’s acquiring team will offer.”

  Ezra Shaw / Getty Images

If they don’t have any real plan of building a roster that can legitimately contend for the championship title around their explosive backcourt duo, the potential deal would make a lot of sense for the Wizards. Instead of being stuck in mediocrity, they would be receiving assets that could help them rebuild their roster in the post-Beal and John Wall era. Wiggins and Paschall could join Rui Hachimura and Thomas Bryant to form the new core that would try to lead the Wizards back to title contention.

Using the No. 2 overall pick, the Wizards would have the opportunity to find an immediate backcourt replacement for Beal by selecting either Anthony Edwards or LaMelo Ball in the 2020 NBA Draft. Though he has already said on numerous occasions that he wants to finish his career in Washington, being traded away from the Wizards might end up being the best thing that will happen to Beal’s career. Instead of wasting his talent on a mediocre team like the Wizards, teaming up with Stephen Curry, Klay Thompson, and Draymond would give Beal a realistic chance of winning multiple championship titles.

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