MMG Advisors, Inc.

NEWS WE’VE FOLLOWED THIS WEEK: The Federal Reserve cut interest rates by a quarter point, the third reduction of 2024, and suggested two cuts would be made in 2025. 2024 global holiday season online sales are at least $849B (+4% YoY), reports Salesforce, cooler than the 8% YoY growth recorded during the same period in 2024. M&A AND FINANCING NEWS Essential Compositions, S.L. (developer & manufacturer of fragrances in Spain) sold control to The Riverside Company. Puig plans to assume full ownership of Charlotte Tilbury Beauty (luxury skincare brand) by 2031. Southerland (mattress brand) was acquired by 3Q Brands. Espansione Group (med-tech) was acquired by EssilorLuxottica. Love Stories TV (video wedding planning platform) was acquired by David's Bridal. Pains Accountants (accountancy backed by Horizon Capital) sold a majority stake to IK Partners. Telsey Advisory Group (financial planner) entered a strategic partnership with Santander U.S. Capital Markets LLC. Voyado (customer experience / loyalty platform) sold a minority stake to H&M Group. Nilforushan Equisport Events (horse show management) sold a controlling stake to Equine Network, LLC (Growth Catalyst Partners portfolio company). Big Lots will pursue either a liquidation of all stores or a sale after its transaction announced will not likely proceed. PUBLIC COMPANY NEWS Delta Galil confidentially filed to IPO in the US. The following public companies announced earnings this week: Birkenstock, JCPenny, Groupe Dynamite, The Children’s Place BEFORE YOU GO This will be the last MMG Weekly News Brief of 2024 – all of us at MMG Advisors, Inc. sincerely thank our readers for your dedicated following week after week. We sincerely hope that you have a happy and healthy Holiday celebration and Happy New Year – see you in 2025!

NEWS WE’VE FOLLOWED THIS WEEK: The Consumer Price Index rose 2.6% in Oct’24 from a year earlier, per Labor Department. Inflation price pressures remain “bumpy”. The ECB cut rates as concerns grow about Europe’s economy. The Construction Industry had 249,000 job openings on the last day of Oct’24; down nearly 40% over prior year, per Associated Builders and Contractors. M&A AND FINANCING NEWS The Buffalo Bills (football team) sold a 10% equity stake to Arctos and the Miami Dolphins sold 10% to Ares Management and 3% to Brooklyn Nets owners Joe Tsai and Oliver Weisberg, the first entry of private investment capital into the National Football League Logan Olson (putters) was acquired by TaylorMade Golf Company Golf. Pañpuri (Thai beauty brand) was acquired by Kosé. Thomas Pink (shirtmaker) was acquired by ICON Luxury Group and CP Brands Group from LVMH. ATM (luxury brand led by Tony Melillo) was acquired by Steve Madden. Tangle Teezer Ltd Teezer (hairbrushes) was acquired by Bic from Mayfair Equity Partners LLP. Bland Landscaping Company (lawncare) was sold by Prospect Partners to Comvest Private Equity. ABOUT YOU (German e-tailor) will be acquired by Zalando. Böhme (womenswear) sold a majority stake to Unified Commerce Group. Simon Pearce (Vermont-based glass / pottery maker) sold an equity stake to SBJ Capital. Kravet, home industry, raised capital from Dunes Point Capital, LP P.  HBC (retailer and owner of Saks Fifth Avenue) raised a $2B bond to finance the acquisition of Neiman Marcus Group. Baoxiniao Holding Co. Inc. acquired the Woolrich IP for territories other than Europe. A U.S. judge blocked the Kroger’s planned $24.6B acquisition of Albertsons (grocer), causing Albertsons to back out of the deal. Rhode (fashion brand) announced it would shut down. PUBLIC COMPANY NEWS Figs received a takeover offer from Story3 Capital to take the company private. Activist investors focus on Macy’s calling for various efforts including potentially the sale of Bloomingdales and Blue Mercury. The NYSE initiated delisting proceedings against The Container Store. The following public companies announced earnings this week: Academy Sports + Outdoors, Designer Brands, Gamestop, G-III Apparel, Inditex, Johnson Outdoors, Macy’s, Ollie’s Bargain Outlet, Puig, Rent the Runway, Sportsman’s Warehouse, Stitch Fix, The Lovesac Company, Vera Bradley, and Vince. EVENTS 2025 is two weeks away. BEFORE YOU GO The Ruby Slippers belonging to Dorothy in “The Wizard of Oz” sold for $32.5M at auction. Amazon unveiled holiday window displays at its iconic building on Fifth Avenue ( the former Lord & Taylor flagship).

NEWS WE’VE FOLLOWED THIS WEEK: Mastercard SpendingPulse reported that online retail (e-commerce) sales increased 14.6% while brick & mortar sales were up a more modest 0.7% percent, compared to Black Friday last year. Cyber Monday outperformed expectations and remains the biggest online shopping day of all time with consumers spending $13.3B (equating to $15.8M spent every minute during peak hours), according to Adobe Analytics data. The S&P 500 is forecast to have its third-straight year of gains amid solid economic expansion and steady earnings growth, according to Goldman Sachs Research. If the Trump administration imposes a 10% universal tariff on all imports and an additional 60% to 100% tariff on goods from China, then apparel prices would rise 12.5% - 20.6%, predicts the National Retail Federation. M&A AND FINANCING NEWS LVMH Luxury Ventures invested in Db, premium luggage brand. Halycon Equity Partners invested in Zeus+Dione (French luxury brand). Groupe Courir (French sneaker retailer backed by Equistone Partners Europe) was acquired by JD Sports. MACHINE-A (indie retailer) was sold by Tomorrow to a group of private investors. Parcel2Go.com (package delivery marketplace backed by EQT) was sold to a group of private investors Remix by ThredUp (Thredup’s European business) was divested in a management buyout. Keens Steakhouse (NYC restaurant) was acquired by Tilman Fertitta (Texas billionaire). Arzooo (physical retailer ecomm platform) was acquired by Moksha Group. Lord + Taylor (retail brand) was acquired by Regal Brands Global earlier this year, who will re-launch brand selling DTC apparel and home products. LUSIX (Israeli solar-grown diamond maker) was sold to Fenix and Dholakia Lab-Grown Diamonds. Represent (British menswear brand) sold a minority stake to True (investment firm). Alby (fashion platform) raised a ₩100 Billion ($71 Million) growth investment from Alibaba Group. VIOLETTE_FR (beauty brand) raised capital from Silas Capital, among others. Nice One Beauty (online cosmetics retailer) announced plans to raise 1.21 Billion SR ($322 Million) for its IPO in Saudi Arabia. Foot Holdings (d.b.a. Hearthside Food Solutions; snack food maker) filed for bankruptcy protection in Texas with a restructuring agreement which would eliminate $1.9B in debt. Le Coq Sportif (French sports goods manufacturer) was placed into receivership. Natura & Co. to review options for Avon outside of Latin America. PUBLIC COMPANY NEWS The following public companies announced earnings this week: American Eagle Outfitters, Chewy, Citi Trends, Dollar Tree, Foot Locker, PVH, The Children’s Place, Torrid, Movado, Lands’ End, Five Below & Caleres. BEFORE YOU GO After 5 and half years the Notre Dame Cathedral in Paris will reopen this Saturday! There are fewer shopping days until Christmas this year.

NEWS WE’VE FOLLOWED THIS WEEK: Gift cards, apparel, accessories, and jewelry will be the most popular gift categories in 2024, predicts the ICSC Holiday Intentions Survey. Consumers are expected to spend over $125B during Thanksgiving Weekend 2024, also predicted by the ICSC. The global social commerce market is expected to gross $688B in 2024 (up 20% from 2023’s $571B), forecasts Statista. Outdoor recreation contributed $1.2T to the U.S. Economy and supports over 5 million jobs, reports the Bureau of Economic Analysis. M&A activity is expected to increase in 2025, with Citigroup’s Jane Fraser saying it’s “game on” for clients pursuing new deals and J.P. Morgan’s Jamie Dimon remarking that “animal spirits will be unleashed.” M&A AND FINANCING NEWS Helen of Troy acquired Olie & June (nail care) for $240 M. Jersey Mike's Subs’s (sandwich chain) was acquired by Blackstone. The North American cat food and pet treat businesses of Whitebridge Pet Brands was acquired by General Mills from Belgian PE Firm NXMH. A-COLD-WALL*-Wall (streetwear brand) was acquired by Four Marketing from Tomorrow Ltd (fashion accelerator). Crown Affair (haircare)raised $9 million led by True Beauty Ventures. Panini Kabob Grill (PKG) Grill (fast casual Mediterranean food chain) was acquired by Corbel Capital Partners. Ned (supplement brand) was acquired by Foria. IRIS Ventures invested in Superlativa (supplements). Faircraft (lab crown leather start up) raised capital led by Kindred Ventures. Hammond's Candies (candymaker) was acquired by Lolli & Pops (backed by TerraMar Capital LLC). Grant Thornton (US) UK (accountancy) sold a majority stake to Cinven. Max Matthiessen (financial advisor) sold a majority stake to the Ontario Teachers' Pension Plan’ and Nordic Capital. Tru Zip (zippers) was spun off by owner Nite Ize, Inc. into an independent brand. Jessica McCormack (diamond jeweler) sold a substantial minority stake to Lingotto Horizon. ŌURA (health tracking ring) raised $75m from Dexcom. Ladder (strength training app) raised $15M from Point72 Ventures and ADVantage, and also secured a $90M growth investment from General Catalyst’s Customer Value strategy. Fear of God (lifestyle brand) signed a multiyear partnership agreement with the National Basketball Association (NBA) and WNBA (Women's National Basketball Association). Basic Fun! (branded toys) raised $50M in exit financing from Great Rock Capital Partners, LLC. New Guards Group (FARFETCH-owned brand house) filed for bankruptcy protection in Italian court. PUBLIC COMPANY NEWS The following public companies announced earnings this week: Amer Sports, Citi Trends, La-Z-Boy, Lowe’s, Mytheresa, Target, TJX Companies, Walmart, Wilson, and Williams-Sonoma. BEFORE YOU GO Geno Auriemma (UConn Women’s basketball coach) became the all-time most winning coach in NCAA basketball history, winning his 1,217th game last week against Fairleigh Dickinson. Wishing everyone celebrating a Happy Thanksgiving!

NEWS WE’VE FOLLOWED THIS WEEK: The U.S. inflation rate rose 2.6% in Oct’24, reported the U.S. Department of Labor, up from 2.4% growth in Sept’24. Core retail sales in October rose 4.5% year-over-year, reports the National Retail Federation. Holiday sales growth will slow to about 3% in 2024 from 4.7% last year, remaining well below the 5.3% 10-year average, predicts S&P Global. Forrester similarly predicts that holiday retail sales will grow 3.7% (to $1T) vs 2023, lower than the previous four years but higher than pre-pandemic years. The Business of Fashion released its annual 2025 State of Fashion report, a worthy read as always. M&A AND FINANCING NEWS Aquatalia (footwear brand) was acquired by Vida Shoes International from ADHJA Aquatalia LLC. JustEatTakeaway.com (Dutch online delivery conglomerate) was acquired by Wonder (delivery food hall). HYPE (streetwear brand) sold a 60% stake to Apparel Brands (backed by True Capital). The Brisbane Bullets (Australian basketball team) sold a majority stake to GameAbove Sports (backed by CapStone Holdings, Inc.). AYA Medical Spa (nine-location medspa franchise) sold a stake to Eagle Merchant Partners. Divi (scalp care) sold a minority stake to Norwest Venture Partners. MYKITA (German eyewear brand) sold a minority stake to LVMH. boohoo (digital retailer) raised £39M to support turnaround efforts. Forerunner Ventures announced a new $500M fund focused on early-stage consumer start-ups. PUBLIC COMPANY NEWS  Purple Innovation (mattress) received a delisting warning from Nasdaq. Tapestry and Capri terminated their Merger Agreement. Klarna (e-comm payment processing) filed to IPO on the NYSE at a valuation of $14.6B The following public companies announced earnings this week: Beachbody, BeautyHealth, Burberry, Callaway Golf, Giant Group, JD.com, On Holdings, Sally Beauty, The Honest Company, and Topgolf Callaway Brands. BEFORE YOU GO Make sure to check out Accessories Council 2024 Holiday Issue , which highlights trends of the season, noteworthy artists and designers, along with a great piece by Editor-In-Chief Karen Giberson about MMG Advisors, Inc. on pp 34-35! Thanksgiving is less than two weeks away.

NEWS WE’VE FOLLOWED THIS WEEK: The FED lowered its benchmark lending rate by a quarter point.  Bank of England cut interest rates ahead of the US Fed. National Retail Federation predicts retailers can expect steady sales growth for the upcoming holiday season despite mixed October signals. DTC beauty-sector transactions declined 7% in the UK and 10% in the US in Q3 2024, reports Consumer Edge’s most recent beauty digest. M&A AND FINANCING NEWS Casper (DTC mattresses) was sold to Carpenter Co. by Durational Capital Management. PureGym (global gym operator) received regulatory approval to proceed with its’ $121M acquisition of Blink (Equinox-owned gym franchise). Fix Your Lid (mens' grooming products) was acquired by Inspired Beauty Brands. The Pro's Closet (pre-owned bicycle marketplace) was acquired by Elshair Companies. OUR LEGACY (Swedish menswear brand) received an investment from LVMH. Markham Enterprises Inc (Michigan-based convenience store chain) was acquired by SpartanNash. Petfolk (veterinary urgent care) raised a $36M from Deerfield Management, among others. Directional Capital raised an asset-based facility from SLR Credit Solutions to fund rent-to-own retail location acquisitions. Primo Water (publicly-traded beverage company) will merge with BlueTriton Brands. The Franchise Group (Vitamin Shoppe owner) filed for Chapter 11 bankruptcy protection and said it would wind down its American Freight banner. TGI Fridays (casual dining chain) filed for Chapter 11 bankruptcy protection. PUBLIC COMPANY NEWS Walmart announced it would begin Black Friday sales on Monday, Nov 11, The following public companies announced earnings this week: Allbirds, Asos, Canada Goose, Coupang, Coty, CVS Health, e.l.f. Beauty, HanesBrands, Hims & Hers, Hugo Boss, Kontoor Brands, Oddity, Olaplex, Pandora, Puma, Purple, Qurate Retail, Ralph Lauren, Revolve, The RealReal, ThredUp, Traeger, Inc., Vista Outdoor, Shiseido, Solo Brands, Steve Madden, Tapestry, Tempur Sealy, Under Armour, Vista Group, Warby Parker, Weyco Group, WW International, Yeti, and Zalando. BEFORE YOU GO Opening day for NCAA College Basketball was last Monday, November 4. Hello Kitty turned 50 years old. Rockefeller Center sees the arrival of the Christmas Tree.

NEWS WE’VE FOLLOWED THIS WEEK: U.S. GDP rose 2.8% in the third quarter, continuing a two-year growth streak but down from the 3.0% economists predicted; recent increases were driven by consumer spending. U.S. consumer footwear spending grew 0.7% in Aug’24 (vs 2.8% in Aug’23) per Footwear Distributors and Retailers of America (FDRA). 92% of consumers plan to make in-store purchases this holiday season, reports the ICSC. The Conference Board’s Consumer Confidence Index jumped to 108.7 in October from 99.2 in September — the biggest monthly gain since March 2021. M&A AND FINANCING NEWS L'eggs® was acquired by Windsong Global from Hanesbrands Inc.. Double B Foods (private label frozen foods) was acquired by The Anderson Group. Sigan Industries Group ( beauty manufacturer) was acquired by SV Labs. Hilco Global and TPG Angelo Gordon announced a joint venture to acquire and finance consumer brands in partnership with Bluestar Alliance, and the joint venture included acquiring Off-White (lifestyle brand) from LVMH. World Gym International (fitness franchises) was acquired by World Gym Taiwan. JACQUEMUS (French fashion house) announced it is seeking a minority investor. Premier Investments sold its apparel brands to MYER (Australian department store) for 890.5M new Myer shares. MarcyPen Capital Partners (early and growth-equity fund including Jay-Z) raised $100M in funding. Esprit U.S. announced the Company would liquidate and shutter its New York Headquarters. PUBLIC COMPANY NEWS The following public companies announced earnings this week: Adidas, Big 5 Sporting Goods, Boot Barn, Brooks Running, Camping World Holdings, Columbia, Compass Diversified, Crocs, Inc., Montcler S.p.A., Prada Group, Puig, Rocky Brands, Shimano, SMCP, The Container Store, TheRealReal, VF Corp EVENTS Delivering Good, Inc. held its “Evening of Delivering Good” fundraising event– all of us at MMG enjoyed seeing our industry colleagues support a great cause! This past Tuesday MMG Advisors, Inc.’s Brandon Mitchel attended the Lead’s CEO Assembly. Thank you The Lead for an inciteful event we look forward to year’s. BEFORE YOU GO The Los Angeles Dodgers beat the New York Yankees to win the 2024 World Series. Daylight Savings Time ends on Sunday, Nov 3, with clocks rolling back one hour at 2:00 am. Lastly the NYC marathon is this weekend!

NEWS WE’VE FOLLOWED THIS WEEK: The US M&A landscape will strengthen over the next 12 months, says 20% of respondents to a new Dykema survey, driven by stronger financial markets, increased capital availability, and stabilizing economic conditions. M&A AND FINANCING NEWS Small Girls PR (media agency) was acquired by Orchestra. Esprit (retailer) sold its U.S. and European shoe trademark rights to Deichmann (German shoe retailer). Voortman Cookies (J.M. Smucker’s cookie business) was sold to Second Nature Brands (backed by CapVest Partners). Nugget Wraps (military pilot helmet custom wraps) was acquired by a Private Investor. Allivet (online pet pharmacy) was acquired by Tractor Supply. Cohn & Gregory Supply (industrial supplier) was acquired by Venturi Supply ( distributor backed by Trive Capital). Quantum Design International (scientific instrument manufacturer) was acquired by Carlson Private Capital Partners. Astier de Villate (French lifestyle brand) sold a majority stake to Vesper (investment fund). The Only Agency (celebrity styling firm) sold a majority stake to Presidio Investors. Mo' Bettahs ’s (Hawaiian restaurant) sold a majority stake to Trive Capital and Blue Marlin Partners, LLC from Savory Fund. Brassica (fast-casual restaurants) sold a minority stake to Chipotle Mexican Grill. Life Time Holdings (gym franchises) raised $500M in Senior Secured Notes. Pure Fishing (fishing brands) entered into a five-year, $750M first lien credit facility from Monarch Alternative Capital LP and Silver Point Finance. Vinted (thrifting marketplace) sold €340M in secondary shares to TPG and others at a €5B valuation. belliwelli (wellness brand) raised a $10M Series B from Invus Kirkland’s (home décor retailer) raised $25M from Beyond Inc., and gained the exclusive licensing rights to open and operate smaller-format Bed Bath & Beyond stores nationwide. Tupperware Brands Corp. canceled its planned auction and agreed to sell to lenders for $23.5M in cash and $63M+ in debt relief. Wendel Group made a control investment in Monroe Capital. PUBLIC COMPANY NEWS The FTC blocked Tapestry’s planned $8.5B acquisitions of Capri Holdings, citing competitive concerns. The following public companies announced earnings this week: Beyond, Inc, Deckers Brands, Ermenegildo Zegna Group, EssilorLuxottica, Hermes, Kering, L’Oréal, Thule Group, Tractor Supply, and Zenga. EVENTS We’re thrilled to share that Delivering Good, Inc. will be hosting their gala next Tuesday at Gotham Hall!  Join us in New York City for an unforgettable evening focused on making a positive difference. If your are unable to attend feel free to make a donation to Delivering Good: https://lnkd.in/eim_ytVU BEFORE YOU GO The New York Yankees will face off against the LA Dodgers in the first game of the world series, starting Saturday October 26th. 

NEWS WE’VE FOLLOWED THIS WEEK: Holiday season consumer spending is expected to grow between 2.5% - 3.5% vs last year, predicts the National Retail Federation, with growth primarily driven by increases in online shopping. Coresight Research, Deloitte, Adobe and Salesforce have reported predictions on different time periods and assumptions so worthy reads. The University of Michigan’s index of consumer sentiment declined to 68.9 in mid-October from 70.1 at the end of last month, as consumers continue to express frustration over high prices despite inflation expectations easing since this time last year. M&A AND FINANCING NEWS Nails.INC (British nail care brand) was acquired by Pacific World Corporation. HATCH Studios LLC (maternity brand) was acquired by Go Global. Dolly Bikes (Dutch e-cargo bike brand) was acquired by Optima Cycles. RéVive Skincare (skincare brand) was acquired by S’Young Group from Tengram Capital Partners. Burrow (interior design platform) was acquired by Havenly Brands. Stanley Robotics (autonomous valet parking robots) was acquired by HL Robotics. Eyemart Express (eyewear retailer) was acquired by VSP Vision from FFL Partners and Leonard Green & Partners (LGP). Great American (consulting firm) was sold to Oaktree Capital Management from B. Riley Financial. Hudson Malta (Africa-focused fashion retailer) sold a non-controlling stake to Frasers Group. ALTUZARRA (luxury brand) sold a minority stake to P180 Investments. The Aaron's Company, Inc.’s Company (furniture lease-to-own retailer) raised a $120M senior secured line of credit from Second Avenue Capital Partners (SACP) Partners. TOCA Football (indoor soccer) raised $100M in private funding. The Container Store (storage retailer) raised $40M from Beyond, Inc. Ghost (B2B inventory marketplace) raised a $40M Series C from L Catterton, among others. Red Wing Shoe Co. (boot maker) announced it would shutter its hiking brand Vasque Footwear and its outdoor business, citing business challenges. True Value (hardware chain) declared bankruptcy and sold its operations to Do it Best in a $153M Stalking Horse Bid. PUBLIC COMPANY NEWS The following public companies announced earnings this week: 361 Degrees, Life Time Group, LVMH, and Walgreens Boots Alliance. EVENTS We’re excited to announce that Delivering Good, Inc. will host its annual gala on October 29th at Gotham Hall! Join us in New York City for a memorable evening dedicated to making a positive impact. BEFORE YOU GO The Victoria’s Secret Fashion Show returned this year after a five-year hiatus. The WNBA (Women's National Basketball Association) Finals are here; as of press time the New York Liberty leads the Minnesota Lynx two games to one. Playoff Baseball continues.

NEWS WE’VE FOLLOWED THIS WEEK: The consumer-price index rose 2.4% in Sept’24 vs last year (above the 2.3% rise economists expected), reported the U.S. Department of Labor, after rising 2.5% in August. Holiday spending will jump 7% vs last year as in-store foot traffic increases, predicts PwC. Black Friday to Cyber Monday US retail sales could hit a record $75B (up 5% vs. 2023), says Bain & Company. Amazon.com said that during 2024 Prime Day, customers “purchased more items than any previous Prime Day shopping event”. M&A AND FINANCING NEWS YOOX NET-A-PORTER (Fashion e-tail) was acquired by Mytheresa from Richemont. Hatch (maternity brand) was acquired by Go Global. End Clothing (apparel retailer) was acquired by Apollo from The Carlyle Group. Kinetic Group (ammunition business) was sold by Vista Outdoor to CSG. HRB Brands (personal care) was acquired by Sodalis Group from Tengram Capital Partners. Revelyst (outdoor brands) was sold by Vista Outdoor to Strategic Value Partners. Unilever (Consumer packaged goods) sold its Russian business to local manufacturer Arnest Group. Paris FC (second-division French soccer team) was acquired by the Aurnaut family and Red Bull. Moose Knuckles Canada (Canadian luxury outerwear) announced a partnership with BOSIDENG (Chinese down apparel) with financial support from Cathay Capital. Authentic Brands Group and SAKS GLOBAL announced a joint venture, Authentic Luxury Group (ALG), to support luxury brands. ClayCo. Cosmetics Private Limited (skincare) raised a $2M seed round from Unilever Ventures, among others. Sofie Pavitt Face (skincare) raised a seed round from True Beauty Ventures. Jefferson Capital entered a $360M stalking horse bid for the assets of Conn's HomePlus (bankrupt retailer). PUBLIC COMPANY NEWS The Aaron’s Company will go private, following the completion of the Company’s acquisition by IQVentures. The following public companies announced earnings this week: IKEA, Fast Retailing, and Helen of Troy. EVENTS We’re thrilled to share that Delivering Good, Inc. will be hosting its gala on October 29th at Gotham Hall! Join us in New York City for an unforgettable evening focused on making a positive difference. In light of the recent hurricanes, it's more crucial than ever to come together and support those affected by these devastating events. Please check in on family and friends, MMG Advisors, Inc. hopes that everyone is staying safe during this time! BEFORE YOU GO Playoff baseball continues - the New York Mets upset the Philadelphia Phillies in the National League Division Series, advancing to the next round of playoffs for the first time since 2015. Peanuts (comic strip starring Charlie Brown) turned 74 years old this week.