LVMH appoints Laura Burdese as new CEO of Bvlgari
Italian Laura Burdese was named the new CEO of the Bvlgari brand by French luxury goods behemoth LVMH on Thursday,...
Industry
For $2.3 billion, Diageo sells Asahi its interest in East African Breweries
The largest liquor company in the world, Diageo, agreed to sell Japan's Asahi Holdings its 65% share in East African...
Prada completes acquisition of Versace for $1.5 billion
Prada declared that it had successfully acquired Versace, an Italian competitor that the luxury conglomerate claimed it has long desired....
Ticketmaster replies to Olivia Dean’s criticism about resale prices
Olivia Dean, a British singer, has been successful in getting Ticketmaster to regulate resale ticket prices and repay fans for...
As the Unilever spinoff approaches, Magnum Ice Cream raises $3.5 billion in bonds
Less than two weeks before the firm completes its spin-off from Unilever and lists in Amsterdam, Magnum Ice Cream reported...
Skims, Kim Kardashian’s business, has raised further capital and is valued at $5 billion
Jens Grede and reality TV star Kim Kardashian launched Skims, a shapewear company valued at $5 billion. On Wednesday, the...
This is how Mexico’s pet industry makes billions of dollars
The International Market Analysis Research and Consulting Group estimates that Mexico's pet market was worth $5.4 billion in 2024. It...
Kenvue, a producer of Tylenol, will be purchased by Kimberly-Clark for $48 billion
While the Tylenol manufacturer faces White House scrutiny and an unsettling lawsuit, Kimberly-Clark, the maker of Kleenex, announced Monday that...
In the third quarter, MercadoLibre’s profits increased by 6%
A push for free delivery in Brazil damaged margins but helped surpass revenue projections, while currency effects and decreased demand...
According to reports, LVMH is considering selling its 50% ownership of Fenty Beauty
According to four sources with knowledge of the situation, luxury goods behemoth LVMH is considering selling its 50% share in...
