Bernard Looney, the former CEO of British energy giant BP, has been appointed as the chair of Prometheus Hyperscale, a burgeoning data infrastructure company based in the United States. This move comes as the company sets its sights on significant growth in a sector rapidly becoming vital in today’s tech-driven economy. Looney’s reputation as an […]
Adidas Comeback Gains Ground With Widespread Rise in Sales
Adidas, the prominent German sportswear manufacturer, has reported remarkable growth during the third quarter of 2024, indicating that chief executive Bjørn Gulden’s turnaround plan is effectively reviving the brand. The company’s recent performance has been characterized by a notable increase in revenue, particularly in various global markets, contributing to an optimistic outlook for the future. […]
Revolutionizing Plastic Safety: The Launch of LitChemPlast Database
In an age where environmental sustainability and human health are paramount, the recent introduction of the LitChemPlast database marks a pivotal development in understanding the chemical composition of plastic products. This publicly accessible database, as disclosed in a peer-reviewed study, houses an impressive collection of over 3,500 substances extracted from more than 47,000 samples of […]
Adidas’ Remarkable Turnaround: From Crisis to Confidence
In October 2022, Adidas faced one of its gravest challenges when it abruptly cut ties with its Yeezy sneaker partnership. This collaboration with Ye—once known as Kanye West—had the potential to account for approximately 8 percent of Adidas’ sales, representing a significant income driver for the brand. The decision to terminate this lucrative partnership arose […]
The Body Shop’s Remaining UK Stores Saved After Rescue Deal Agreed
The Body Shop, the iconic ethical beauty retailer, has successfully avoided permanent closure for its remaining 113 UK stores through a rescue deal led by British cosmetics tycoon Mike Jatania. This consortium, formed by Jatania and Paul Raphael, former executives at top financial institutions, marks a crucial turnaround in the retailer’s fortunes following a tumultuous […]