Luxottica Group has announced the acquisition of the Italian manufacturer of optical glass sun lenses, Barberini S.p.A. The transaction is valued at approximately 140 million euro (163 million US dollars). ”With the acquisition of Barberini we add another gem to our brands, a name that is well known […]

Austrian textile and cellulose fibre producer Lenzing Group and Brazilian company Duratex announced plans on Thursday to build the world’s largest single line dissolving wood pulp plant close to Sao Paulo, Brazil. Dissolving wood pulp is the key raw material for the production of Lenzing’s bio-based […]

PayPal has announced that it is to buy Simility, a fraud prevention and risk management platform, for 120 million dollars, as it looks to enhance payment experiences for merchants and customers by reducing fraudulent activity. “Digital commerce has exploded, and fraudsters have taken note, adapting […]

Luxury conglomerate Kering has confirmed that it is in talks with British designer Christopher Kane to sell back control of his label, which it current owns 51 percent of. In a short statement, Kering said that “discussions are underway with Christopher Kane about the conditions in which the British […]

Announcing its financial results for the first time in 108 years, luxury house Chanel said that its revenues reached around 10 billion dollars last year. This revelation from the company known for No. 5 perfume, little black dresses and financial secrecy, comes at a time when Kering SA’s Gucci said […]

In a preliminary results announcement for its second quarter and first half, Ahlers Ag said that it witnessed an unexpected decline in revenues in the second quarter due to cancellation of orders from Eastern European customers and weak stock sales of suits and sportswear. Total first-half revenues […]

ARKK Copenhagen, the Danish sneaker brand founded in 2014, has received a “multi-million dollar” investment in a series A deal with Friheden Invest and North-East Venture. The company said in a statement that it intends to use the capital to expand to new markets, including the United States, Canada, […]

Oxford Industries, Inc’s board of directors has declared a quarterly cash dividend of 0.34 dollar per share on common stock. The company said, this dividend is payable on August 3, 2018 to shareholders of record as of the close of business on July 20, 2018. The company has paid dividends every quarter […]

The storied French crystal maker Baccarat, founded by Louis XV more than 250 years ago, said Thursday that a Chinese fund had finalised a deal to purchase the company, more than a year after the plan was first announced. Fortune Fountain Capital, founded by the Chinese businesswoman and Baccarat collectioner […]

Recruiting site Glassdoor has revealed the winners of its 2018 Best Places to Work -- Employees’ Choice Award, which is based on anonymous feedback shared by job applicants and employees. After tracking all the input received on its platform in 2017, Glassdoor ranked companies from all sectors according […]

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