Following a competitive RFP process that began last fall, snack food and candy giant Mars Inc. has appointed Publicis to lead its media, production, paid social and influencer and connected commerce capabilities. …

Capri Holdings last week announced that it completed a sale of Versace to Prada S.p.a. For nearly $1.4 billion in cash.  “With the successful completion of the sale of Versace, we plan to use the proceeds to repay the majority of our debt, which will substantially strengthen our balance sheet,” Capri CEO John Idol said in a statement. “We remain focused on executing our strategic initiatives across Michael Kors and Jimmy Choo to maximize the potential of our iconic brands.” Leggett & Platt this week said its board is reviewing an unsolicited proposal from bedding giant Somnigroup International to acquire the 140-year-old company for $12 per share. The manufacturer of mattresses and other goods has been a Somnigroup supplier for years. On Monday, Somnigroup –  formed after Tempur Sealy acquired Mattress Firm early this year for $5 billion – disclosed its letter to Leggett & Platt regarding the proposal, which Somnigroup said reflects more than a 30% premium above Leggett & Platt’s average closing price in the previous 30 days. “We hope that you share our enthusiasm,” Somnigroup CEO Scott Thompson wrote, and asked for a response by Dec. 22.

Google has reversed a decision on its more than five-year plan to phase out third-party cookies. The company announced Tuesday that it will keep third-party cookies in their current form and will not roll out a stand-alone "user-choice" button in Privacy Sandbox that would have allowed users to opt out of being tracked by advertisers. After careful consideration and testing, Google will keep its current approach to offer users third-party cookie choice in Chrome, and will not roll out a new stand-alone prompt for third-party cookies, Anthony Chavez, vice president of Privacy Sandbox at Google, wrote in a blog post. "Users can continue to choose the best option for themselves in Chrome’s Privacy and Security Settings," Chavez wrote.