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...
Industry
Shares of Constellation Brands plummet as the Modelo producer cuts its guidance and observes a decline in Hispanic consumers
Constellation Brands reduced its outlook for the entire fiscal year, citing that its alcohol sales are being impacted by a...
COSTCO is set to launch the biggest store in Latin America, located in Escobedo, Nuevo León
Located on a 7-hectare site in the La Encomienda neighborhood, the new branch will have 20,000 square meters of floor...
Lego’s sales reach a new high, and the company earns 8% more in the year’s first half
The Lego Group, a Danish toy manufacturer, reported a net profit of 6.5 billion kroner (€871 million) for the first...
Pinault family considers selling its 29% ownership in Puma; stock prices increase
After Bloomberg reported on Monday that the French Pinault family's holding company is assessing options for its 29% stake in...
Sony increases the price of PlayStation 5 consoles by $50 due to Trump tariffs
Sony announced plans to increase the prices of its PlayStation 5 game consoles due to President Donald Trump's tariffs, marking...
This year, John Deere expects the effects of tariffs to amount to $600 million
John Deere has issued a warning that tariff costs for the agricultural machinery company may amount to as much as...
Adidas expresses regret over shoes that mimicked Oaxacan huarache sandals
After President Claudia Sheinbaum condemned the sportswear brand for a sandal that mimicked the traditional indigenous footwear of an Oaxacan...
Philip Morris stock drops as sales of its ZYN product do not meet expectations
Due to disappointing shipments of its ZYN nicotine pouches, Philip Morris International (PMI), the manufacturer of Marlboro, missed revenue expectations...
Subway names ex-Burger King executive as CEO
Subway, the U.S. sandwich chain, appointed Jonathan Fitzpatrick, a former Burger King executive, as its CEO effective July 28. The...
