Closes

Morellato Group, Italy’s leading jewelry and watchmaker, closes fiscal year with €723 million revenue and 21.3% EBITDA

admin2 weeks ago05 mins

Translated by Nazia BIBI KEENOO Published May 29, 2025 Morellato Group, a prominent Italian jewelry and watchmaking company headquartered in Fratte di Santa Giustina in Colle, Padua, concluded its 2024/25 fiscal year (ending February 28, 2025) with positive financial results and improved profitability. The company maintained its leadership position in Italy, reporting revenues of €723…

Fashion

Spanish sneaker brand Hoff closes record fiscal year with €66 million in sales

admin2 weeks ago04 mins

Translated by Nazia BIBI KEENOO Published May 29, 2025 Spanish sneaker brand Hoff has closed its latest fiscal year with record revenue. The label, founded in Elche (Alicante), experienced 21% growth in the fiscal year 2024/2025 compared to the previous period, reaching €66 million in sales. The increase was primarily driven by its sustained growth…

Jerry Kelly closes out first win of season at Mitsubishi Classic

admin2 months ago06 mins

Jerry Kelly, right, shares a laugh with his caddy on the 16th hole during the Kaulig Companies Championship pro-am at Firestone Country Club, Wednesday, July 10, 2024, in Akron, Ohio. Jerry Kelly capitalized on his hot tournament start, shooting a 5-under-par 67 Sunday to close out a one-stroke victory at the Mitsubishi Electric Classic in…

Desigual closes fiscal year 2024 with €332 million in revenue

admin2 months ago03 mins

Translated by Roberta HERRERA Published April 16, 2025 Desigual ended its 2024 fiscal year with a turnover of €332 million, driven primarily by an increase in international sales and the strong performance of its online channel. Pretax profit reached €3.1 million, a slight increase from the €3.04 million recorded in the 2022 fiscal year—the most…

OpenAI Closes Deal That Values Company at $300 Billion

admin2 months ago05 mins

OpenAI said on Monday that it had completed a $40 billion fund-raising deal that nearly doubles the high-profile company’s valuation from just six months ago. The new fund-raising round, led by the Japanese conglomerate SoftBank, values OpenAI at $300 billion, making it one of the most valuable private companies in the world, along with the…