Luxury Fashion Firm Prada Enters Advanced Talks to Buy Versace Luxury fashion firm Prada has reportedly entered advanced talks with GVC Group to acquire Italian fashion house Versace for approximately €1.5 billion, according to sources close to the matter. If successful, the deal would mark a significant consolidation in the global luxury market. Versace, known … Read more
The world’s largest fast-food chain, Mixue, made its public debut on Hong Kong’s stock market, and it jumped 30% from its IPO price in the first day. The company, founded in 1997 in China’s Henan province, operates over 45,000 stores worldwide, outpacing Starbucks and McDonald’s. Mixue’s success lies in its affordable products, with ice cream … Read more
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The European Central Bank got some welcome news about inflation as the eurozone’s annual rate of inflation cooled in February, marking the first time it has slowed in five months. The 2.4% increase in consumer prices compared to a year ago is lower than the previous month’s 2.5%. This reversal comes after four consecutive months … Read more
British oil giant BP is facing pressure from activist investor Elliott Management to scrap all its renewable energy projects. The hedge fund, which owns a 5% stake in the company, believes BP lacks the expertise to deliver cheap solar and wind farms, despite being supportive of its electric vehicle charging network. BP announced last week … Read more
Domino’s Pizza is launching its own version of stuffed crust, called Parmesan Stuffed Crust, three years after deciding to introduce the menu item. The chain spent 12 weeks training franchisees and 7,000 stores on how to make it properly ahead of the launch. The move comes as Domino’s aims to win over customers who are … Read more
Lenovo has announced its new AI Stick at MWC 2025 in Barcelona, a portable device that brings powerful AI capabilities to users on-the-go. The stick features a 32 TOPS NPU (Neural Processing Unit) and connects via USB-C Thunderbolt port. While not a commercial product yet, the Lenovo AI Stick aims to demonstrate the potential of … Read more
A recent PMI survey shows US manufacturing’s slowdown amid rising prices and tariffs threatening factory operations. The purchasing managers index dropped to 50.3 in February, down from 50.9 in January, undershooting a consensus estimate of 50.6. Despite this, the reading remains above the threshold for growth contraction. A new subindex for prices jumped to 62.4, … Read more
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A couple was detained at Miami International Airport on Sunday after attempting to force their way onto a flight to Mexico. Rafael Seirafe-Novaes and Beatriz Rapoport De Campos Maia were charged with battery, trespassing, and resisting an officer without violence. The couple missed their Cancun-bound flight due to lateness and tried to board the plane … Read more