L’Oréal purchases Kering’s beauty division for $4.7 billion, and the CEO wants to lower debt
Along with lowering the luxury group's massive debt and focused on its main fashion business, Kering, the owner of Gucci....
Industry
Giuseppe Marsocci, a seasoned executive, is named CEO of the Giorgio Armani Group
The Italian fashion business confirmed media allegations on Thursday by announcing that Giuseppe Marsocci, who was previously the deputy CEO...
For the third year in a row, Amazon will hire 250,000 people over the holiday season
As the e-commerce behemoth gets ready for a spike in orders, Amazon said that it will hire 250,000 people for...
Cemex sold its operations in Panama to Grupo Estrella for $200 million
Cemex, the giant cement company, has sold its operations in Panama to Grupo Estrella for $200 million as part of...
Prada gets the green light to buy Versace and create a new Italian luxury giant
The European Union approved the acquisition of Versace by Prada, another Italian company, on Tuesday after determining that there are...
Next month, Disney+ and Hulu will increase their US pricing once more
Disney plans another price increase in October for its popular streaming services, Disney+ and Hulu, the company expects to raise...
Puma shares soar after takeover bid rumors
A person close to Artemis, the French family's holding company, said that there was no active sale process for its...
Artémis, a company owned by the Pinault family, will not sell its Puma holding at the current price
A source close to the company told Reuters on Thursday that Artémis, the French holding company owned by the Pinault...
In 2025, «El Buen Fin» is anticipated to record revenues of 200 billion pesos
According to the Ministry of Economy (SE), El Buen Fin, a government-private commercial campaign to increase spending that started in...
Armani’s empire will be transferred to his foundation
Giorgio Armani's empire, which included fashion businesses, hotels, and restaurants and generated €2.3 billion in sales annually, will now be...
