By Bloomberg Published March 30, 2025 Simon Wolfson, chief executive officer of Next Plc, on Thursday announced pretax profit of £1 billion ($1.3 billion) for the first time in the retailer’s history. It’s a level of earnings few British store chains reach. For some that have, it has been the prelude to a period of…
By Adnkronos Translated by Nicola Mira Published March 25, 2025 Negotiations between Prada and Capri Holdings for the Milanese luxury group’s acquisition of Versace could be concluded in a matter of weeks. According to rumours reported in the last few days by Italian business daily Il Sole 24 Ore, an April 10 deadline has been…
Swarovski, the Austrian crystal specialist, reported a 6% increase in 2024 revenue to €1.906 billion, as the family-owned company enjoyed a marked improvement in its business performance. Swarovski CEO Alexis Nasard “Swarovski’s turnaround is in full motion, with another year of major progress, including strong organic growth and significant improvements in EBIT and cash, driven…
SoftBank said on Wednesday that it had agreed to pay $6.5 billion for the Silicon Valley chip start-up Ampere Computing, doubling down on a bet that technology that originated in smartphones will come to dominate the world’s data centers. The deal also reflects the Japanese conglomerate’s belief that Ampere’s chips can begin to play a…
Google has agreed to buy Wiz, a fast-growing cybersecurity start-up, for $32 billion in the company’s biggest push to strengthen its cloud-computing business and expand beyond the search engine and consumer internet services that made it a household name. The all-cash deal, announced on Tuesday, would be Google’s largest, easily surpassing its $12.5 billion purchase…
By AFP Translated by Nazia BIBI KEENOO Published March 13, 2025 Inditex, Zara’s parent company, has once again set a new profit record, closing 2024 with its strongest financial performance to date. Despite a slight slowdown in growth, the fast-fashion giant continues to dominate the industry, even as competition intensifies. Zara in Liverpool – Zara…
On the night of Feb. 21, Ben Zhou, the chief executive of the cryptocurrency exchange Bybit, logged on to his computer to approve what appeared to be a routine transaction. His company was moving a large amount of Ether, a popular digital currency, from one account to another. Thirty minutes later, Mr. Zhou got a…