Burberry revealed that first-quarter sales dipped 35% in the country which is a vital market for its clothing. Prior to the pandemic, approximately one-third of the global luxury industry was reliant on Chinese spending, both at home and aboard as tourists. Excluding China, Burberry’s sales were up 16% globally, but when included, sales only rose […]
According to a Monday report by Bloomberg, luxury fashion brand Tom Ford is in talks with investment bank Goldman Sachs about a company valuation. The potential sale could put the company’s worth at several billion dollars, though as the details of Tom Ford’s financials are not public, this figure is difficult to estimate. According to […]
1. Print front and back This might seem like the simplest and most obvious solution, but many people don’t consider it a method for reducing the costs of printing. In truth, this isn’t applicable for every situation - if you’re printing documents for high-profile clients or in a situation where you want things to look […]
There are a lot of things that go into making a business successful. One crucial factor is having the proper insurance to protect your company from potential losses. While there are many insurance policies to choose from, auto insurance is one of the most important. Here are ten reasons you should consider getting a trustworthy […]
Rihanna was recently featured on Forbes’ annual list of America’s richest self-made women for the third year in a row, ranking 21st overall. However, the Fenty Beauty CEO is the list’s only billionaire under the age of 40. While some of Rihanna’s $1.4 billion net worth stems from her successful music career, it is her […]
Established in 2020 under the CAREs Act, the Employee Retention Tax Credit (ERTC) is a refundable tax credit designed to enable employers to keep their employees on the payroll during the COVID-19 pandemic. However, various myths and misconceptions surround the Employee Retention Tax Credit, inhibiting most small business owners from applying for the tax credit. In this article, we highlight four common misunderstandings that may prevent you from maximising ERTC.
The move comes after Musk warned earlier this month that he has a “super bad feeling” about the economy amid record-high inflation. In a memo to executives, titled “pause all hiring worldwide”, Musk said that around 10% of jobs at Tesla need to be cut, though he added that the company would be increasing hourly […]
Financial management helps you avoid crisis A few days ago, a friend told me about his financial management strategy. It was interesting to learn that he put all the money separately for his monthly expenses. To my wonder, he has fixed a specific amount for unexpected expenditures like medication, vehicle repair, and household maintenance. It […]
As CEO, you are constantly juggling a million different things at once. You need to be aware of what is happening in your company and make decisions that will benefit the bottom line. One technology that you should be paying attention to is Kubernetes. Kubernetes can help save money and increase efficiency for your business- […]
Following two years of economic turmoil triggered by the pandemic, many companies would have thought the worst was behind them. Yet 2022 has thrown a new wave of challenges which undermines the productivity, growth, and ultimately, survival of UK firms. With inflation rising up to 9% - a 39-year high and recent figures displaying that […]
Elon Musk has shared a dose of bad news for his electric vehicle company Tesla, explaining that its new factories in Germany and the United States are losing billions of dollars due to battery shortages and supply disruptions in China. Musk referred to Tesla’s Berlin and Austin, Texas plants as “gigantic money furnaces.” "Both Berlin […]
Tax consultancy firms are growing to become an essential component of the business sector. With the evolving financial system, accounting is growing, and moving away from just adding and subtracting numbers from statements. Their work description has been broadened to include vital consultancy services covering essential topics including management and risk management. Due to the […]
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