Puig Posts 14% Rise in Holiday Sales Puig, the Barcelona-based powerhouse known for its luxurious perfume brands such as Rabanne, Carolina Herrera, and Jean Paul Gaultier, has recently reported a significant surge in holiday sales. The company disclosed that its net sales for the final quarter of the year, spanning from October to December 31, […]
Kering Sells Italian Luxury Outlets to Alleviate Debt
Kering Sells Italian Luxury Outlets to Alleviate Debt In a strategic move to alleviate debt and streamline its operations, the French luxury conglomerate Kering has recently announced the sale of its Italian luxury outlets. This decision is expected to bring in a substantial sum of €350 million, further solidifying Kering’s position in the ever-competitive luxury […]
Italy demands answers from Chinese AI firm DeepSeek on data use
Italy Demands Answers from Chinese AI Firm DeepSeek on Data Use Italy has recently raised concerns and demanded transparency from the Chinese AI firm DeepSeek regarding its data usage practices. This demand comes in the wake of DeepSeek’s soaring popularity, surpassing even ChatGPT in the competitive US App Store. While the app’s success is undeniable, […]
Crypto.com removing Tether for EU users as MiCA rules take effect
Crypto.com Removes Tether for EU Users as MiCA Rules Take Effect Crypto.com, a leading cryptocurrency exchange platform, has recently announced a significant change for its EU users in response to the Markets in Crypto-Assets (MiCA) regulations coming into effect. As per the new guidelines, Crypto.com will be removing Tether (USDT) from its list of supported […]
Binance faces new investigation in France over alleged crimes
Binance Faces New Investigation in France Over Alleged Crimes Binance, one of the world’s largest cryptocurrency exchanges, is no stranger to legal troubles. From a hefty $4.3 billion settlement with US authorities to recent leadership changes, the exchange has been under the spotlight for various reasons. Now, a new chapter unfolds as Binance faces a […]
Liang Wenfeng and the rise of China’s AI industry
Liang Wenfeng: The Driving Force Behind China’s AI Industry Hidden from the public eye until recently, Liang Wenfeng has swiftly emerged as a key figure in China’s artificial intelligence sector. With a vision that combines technological innovation and business acumen, Liang Wenfeng has been instrumental in propelling China to the forefront of the global AI […]
AI Robotics boom continues with SoftBank’s $500M deal
AI Robotics Boom Continues with SoftBank’s $500M Deal Investment in AI-powered robotics is on the rise, showcasing a promising future for the industry. The recent announcement of SoftBank leading a $500 million funding round for SkildAI is a testament to the growing interest and confidence in this sector. The partnership between SoftBank, a global technology […]
Nuvve to invest in Bitcoin for treasury diversification
Nuvve to Invest in Bitcoin for Treasury Diversification In a bold move to adapt to the ever-changing financial landscape, Nuvve, a leading player in the electric vehicle (EV) charging industry, has announced its plans to invest in Bitcoin for treasury diversification. This strategic decision not only showcases Nuvve’s forward-thinking approach but also highlights the increasing […]
Mulberry Wants to Make Brit Bags Cool Again
Mulberry’s Revamped Strategy: Bringing British Bags Back to the Forefront Mulberry, the iconic British luxury brand, has had its fair share of ups and downs over the years. Despite once being a beloved label known for its craftsmanship and quality, the company has struggled with dwindling profits and missed opportunities to capitalize on emerging trends. […]
Piaget’s CEO on Powering Growth in a Challenging Watch Market
Piaget’s CEO Benjamin Comar: Reviving the Glamour of Swiss Watches in a Challenging Market In the realm of luxury watches, where tradition meets innovation, Piaget stands as a beacon of timeless elegance and exquisite craftsmanship. As the CEO of this prestigious Richemont-owned brand, Benjamin Comar has been spearheading a revival, breathing new life into the […]