Burberry Full-Year Profit Swings to Loss but Beats Estimates Burberry, the iconic British luxury fashion house, recently reported a significant shift in its full-year profit trajectory. Despite facing challenges in the luxury goods market, Burberry managed to surpass expectations, showcasing resilience and adaptability in the face of adversity. The brand’s financial report revealed that sales […]
Zegna Group Profits Decline 30 Percent
Zegna Group Profits Decline 30 Percent Luxury fashion house Ermenegildo Zegna Group recently released its financial report for 2024, revealing a 31 percent decline in profits to €91 million ($98 million). This significant decrease in earnings has been attributed to various factors, including a notable slowdown in the Chinese market and a weaker wholesale performance, […]
Investors Sue Thirteen Lune Founder for Alleged Fraud and Embezzlement
Investors Sue Thirteen Lune Founder for Alleged Fraud and Embezzlement Investing in a promising business can be a lucrative opportunity, but it comes with its risks. The recent lawsuit filed in California against the founder of Thirteen Lune, a notable beauty retailer, sheds light on the darker side of entrepreneurship. Two investors have taken legal […]
IMF integrates Bitcoin into global economic reporting
IMF Includes Bitcoin in Global Economic Reporting: A Milestone for Digital Assets In a groundbreaking move, the International Monetary Fund (IMF) has officially integrated Bitcoin and stablecoins into its financial framework. This decision marks a significant shift in the way digital assets are recognized and recorded on a global scale. With the IMF’s acknowledgment of […]