LVMH: Dior owner bolstered by demand for luxury goods but booze sales flag October 10, 2023 Luxury conglomerate LVMH reported organic revenue growth of 14 per cent at its third quarter results as it was bolstered by cash rich shoppers splurging on makeup and designer goods. The fashion giant, which owns the likes of Louis Vuttion and Dior, said revenues jumped 11 per cent year-on-year in its leather and fashion goods [...]
How Opportunity International helps women escape poverty by starting a business March 8, 2023 Throughout the Global South, Opportunity International is helping underserved communities work their way out of poverty – not through handouts but by providing access to credit and education in financial literacy. With the majority of its work focusing on women, International Women’s Day feels like the ideal time to celebrate some of the amazing people [...]
Tangle Teezer launches innovation panel to fuel haircare brand’s future growth January 10, 2023 British haircare brand Tangle Teezer has launched an innovation advisory board panel which will bring together global business leaders and experts from across the retail, haircare, technology, ESG, and scientific communities. Last September the breakthrough British company announced record results of £43.5m for the full year 2021, a year-on-year hike of 46 per cent, the [...]
HRH The Princess Royal, opens Opportunity Bank in Uganda December 12, 2022 City A.M. has been a long standing partner of Opportunity International – a brilliant charity that helps people all over the world to build and sustain independent, prosperous lives by providing them with access to financial services and training. In October this year, Opportunity International UK’s Patron, HRH The Princess Royal, visited one of their [...]
Four Silicon Valley CAs on why its status as the world’s tech capital will remain unchallenged November 16, 2021 The pandemic saw many tech companies thrive as the world went more virtual. Despite talk of a drift away from Silicon Valley, local CAs tell Ryan Herman why its status as the world’s tech capital will remain unchallenged. This article first appeared in ICAS’s CA magazine. For Ninos Sarkis CA, there was only one place [...]
Tiffany wins expedited trial over LVMH’s bid to ditch $16bn takeover September 22, 2020 Tiffany & Co has won a motion to fast-track its lawsuit over LVMH’s bid to abandon a $16.6bn (£12.9bn) takeover of the US jeweller. Tiffany earlier this month sought legal action against luxury goods firm LVMH after the Paris-based company said the takeover deal was “no longer possible”. LVMH, which is owned by French billionaire [...]
Klarna valued at $11bn after fresh fundraising round September 15, 2020 Swedish fintech Klarna is the highest-valued private fintech in Europe after a fresh funding round valued the group at $11bn (£8.54bn). The “buy now pay later” group secured $650m (£504.6m) in an equity funding round led by investment firm Silver Lake alongside Singapore’s sovereign wealth fund GIC and Blackrock. Concurrently, Merian Chrysalis, TCV, Northzone and [...]
CoinCorner launches UK ‘Bitcoin cashback’ initiative June 8, 2020 One of the UK’s leading Bitcoin exchanges, CoinCorner, has launched a new ‘Bitcoin cashback’ service to reward customers when they shop online. CoinCorner has partnered with more than 400 top retailers to launch the first-of-its-kind service in the UK. Some of those who have partnered with the exchange include household names such as Burtn, Twinings, [...]
Facebook Workplace takes on Zoom with video call rival during lockdown May 21, 2020 Caught out by the sudden success of Zoom as the world entered coronavirus lockdown, Facebook has introduced its own video conferencing tool on Workplace. The social network’s B2B business has seen its own jump in user numbers this year, as paid customers rose from 3m six months ago to 5m in March. By then coronavirus [...]
Sir Martin Sorrell’s S4 Capital ready to compete ‘at the highest levels’ after confirming Mightyhive takeover December 24, 2018 Sir Martin Sorrell’s new company S4 Capital has completed a merger with US advertising group Mightyhive and is now “in a position to compete at the highest levels.” The company announced the closing of the merger today and welcomed three new board members, Mightyhive principals Pete Kim and Chris Martin and Stanhope chief executive Daniel [...]