The Kicks You Wear: Clearing The Air on Puma + Adidas’ Big Game Opportunity The footwear industry is no stranger to fierce competition, with brands constantly vying for the top spot in consumers’ hearts and closets. Recently, the rumour mill has been abuzz with speculation surrounding the future of sports apparel giants Puma and Adidas. […]
L’Oréal Only Interested in Armani’s Profitable Beauty Business
L’Oréal Sets Sights on Armani’s Lucrative Beauty Business L’Oréal, the renowned French beauty conglomerate, has recently made headlines by emerging as one of the top contenders for a stake in Giorgio Armani. The luxury fashion house, founded by the iconic designer of the same name, has attracted significant interest for its potential stake sale of […]
NVIDIA backs Intel with $5B stake, unveils plan for AI servers and RTX-powered PCs
NVIDIA Backs Intel with $5B Stake, Unveils Plan for AI Servers and RTX-Powered PCs In a move that has sent shockwaves through the tech industry, NVIDIA recently announced its decision to invest a staggering $5 billion in Intel. This move not only cements a strategic partnership between two tech giants but also positions NVIDIA as […]
Nudestix Acquired by Undisclosed US Firm
Nudestix Acquired by Undisclosed US Firm In a strategic move shrouded in mystery, Canadian makeup label Nudestix has been acquired by an undisclosed US firm. While the new owner remains unnamed, the implications of this acquisition are already sparking curiosity and excitement within the beauty industry. Nudestix, known for its innovative approach to makeup and […]
Mistral secures €1.3B ASML investment amid $14B valuation
Mistral secures €1.3B ASML investment amid $14B valuation In a significant move that has sent ripples through the European technology sector, Mistral has successfully secured a massive €1.3 billion investment from ASML, propelling Mistral to a remarkable $14 billion valuation. This groundbreaking deal marks the union of two technology powerhouses, with ASML’s substantial backing poised […]
Moose Knuckles Receives Minority Investment From Chinese Down Apparel Giant Bosideng
Moose Knuckles Secures Minority Investment From Chinese Down Apparel Giant Bosideng Canadian outerwear brand Moose Knuckles has recently made headlines in the fashion industry by announcing a strategic partnership with Bosideng, the largest retailer of down coats in China. This collaboration comes in the form of a minority investment from Bosideng, aimed at helping Moose […]
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans Temasek, the Singapore state-owned investor, has recently made a significant move in the fashion industry by acquiring a 10% stake in the renowned Italian luxury fashion house, Ermenegildo Zegna. This strategic investment, totaling approximately 5% for $126.4 million, comes as a part of Temasek’s […]
EU and Japan deepen AI cooperation under new digital pact
EU and Japan Deepen AI Cooperation Under New Digital Pact The European Union and Japan are taking a significant step forward in their collaboration on artificial intelligence (AI) with the establishment of a new digital pact. This move underscores the commitment of both regions to fostering innovation, strengthening economic ties, and ensuring the protection of […]