The Independents Expand Their Portfolio with the Acquisition of Culinary Studio We Are Ona The Independents, a well-known conglomerate with a diverse portfolio spanning various industries, has made a strategic move by acquiring the renowned Culinary Studio We Are Ona. This latest acquisition not only signifies the conglomerate’s expansion but also marks its official entry […]
Seeking to Reduce Gucci Dependence, Kering Created a Debt Problem
Seeking to Reduce Gucci Dependence, Kering Created a Debt Problem In the world of luxury fashion, few brands command the same level of prestige and influence as Gucci, a powerhouse under the umbrella of the French conglomerate Kering. However, in recent years, Kering’s heavy reliance on Gucci for the majority of its profits has raised […]
Francois Pinault’s Wealth Slides as Heir Fails to Revive Gucci
Francois Pinault’s Wealth Slides as Heir Fails to Revive Gucci Francois Pinault, the 88-year-old founder of luxury goods conglomerate Kering SA, has long been a titan in the world of fashion and business. However, recent reports indicate that his fortunes may be shifting, with his net worth taking a notable hit in the past year. […]
Primark-Owner ABF Cuts Guidance on Tough UK Retail Market
Primark-Owner ABF Cuts Guidance on Tough UK Retail Market Associated British Foods Plc, the owner of the popular fast-fashion retailer Primark, recently made headlines by lowering its sales growth forecast. The company cited weak UK consumer sentiment as a primary factor contributing to this adjustment, alongside a significant 6.4 percent drop in like-for-like sales during […]