Missouri has sued Starbucks for discrimination because its workforce has “become more female and less white”. Filed on Tuesday by the state’s Republican attorney general, the lawsuit accuses the coffee chain of engaging in “systemic racial, sexual, and sexual orientation discrimination” through its diversity, equity and inclusion policies, including hiring quotas, advancement opportunities and board…

Steve Madden, the fashion boss best known for his links to the criminal antics depicted in the book and film The Wolf of Wall Street, is buying the UK footwear and accessories brand Kurt Geiger for £289m in cash. Madden’s Nasdaq-listed company said it had signed a definitive agreement to buy the London-based company, which…

Qatar Sports Investments is considering reducing its stake in Paris Saint-Germain amid a row surrounding an investigation into the club’s president, Nasser al-Khelaifi. The Ligue 1 club’s backers are open to further diluting their investment, which amounts to 87.5%, after Qatar reacted with anger to the latest proceedings involving Khelaifi. The 51-year-old was placed under…

The activist hedge fund targeting BP has amassed a stake in the oil company worth almost £3.8bn, or 5% of its shares, to become its third biggest shareholder, according to reports. Elliott Management is widely expected to use its grip on the 120-year-old company to demand sweeping changes, including a potential break-up of the company,…