Billionaire Microsoft co-founder Bill Gates plans to give away almost all of his fortune to his foundation — the Bill & Melinda Gates Foundation — which will eventually see him removed from the list of the world’s wealthiest people. Gates launched the foundation in 2000 alongside his then-wife, Melinda French Gates. It aims to fight […]
Luxury carmaker Aston Martin Lagonda has received a large investment from Saudi Arabia as it raises £650 million of capital to pay down its debt, which is currently costing it £130 million a year in interest. However, despite the large sum, Aston Martin has not been successful in raising the cash required to invest in […]
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 […]
Beverage giant Diageo has been making use of Vivanda, an artificial intelligence (AI) tool that could soon be recommending your next bottle of whisky. Diageo has been using Vivanda’s technology since 2019 in numerous markets, including the “Journey of Flavour” experience at Johnnie Walker Princes Street in Edinburgh. Vivanda is the foundation behind the “What’s […]
Google chief Sundar Pichai has reportedly informed employees that the tech giant will be “slowing down the pace of hiring for the rest of the year” amid an “uncertain global economic outlook”. This is according to an internal memo first reported on by Insider. Pichai said that Google won’t be freezing its hiring completely and […]
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 […]
SpaceX, which was founded in 2002 by Elon Musk, has completed its first-ever launch to polar orbit for its Starlink internet network, enabling complete coverage of Earth. On Sunday, a SpaceX Falcon 9 rocket lifted off from the Vandenberg Space Force Base in California to deliver 46 Starlink satellites into low-Earth orbit. “These polar launches […]
On Thursday, it was announced that EDF is seeking a new CEO, just a day after France said it plans to fully renationalise the company amid issues with debt. EDF, in which France already has an 84% stake, is one of Europe's largest utility companies and is central to France's nuclear strategy. This is proving […]
Bulgari Resort Ranfushi will be built on the isle Raa Atoll, just 45 minutes from Malé airport by seaplane When completed, the resort will boast 54 spectacular rooms, 33 beach villas featuring their own swimming pools, and 20 overwater villas. All accommodation options will have access to a range of luxurious amenities, including a fitness […]
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 […]
A new study by communications firm Mattison Public Relations on the gender pay gap has revealed that only one of the fifty highest paid directorships on the board of the UK’s FTSE 100 companies is held by a woman. The survey found Emma Walmsley, CEO of pharmaceuticals giant GlaxoSmithKline, is the only female representative on […]
Luxury Italian carmaker Lamborghini is set to invest a minimum of €1.8 billion to produce a new hybrid lineup by 2024 and to release a fully electric model by the end of the decade. The announcement comes as the European Union agrees to ban the sale of petrol and diesel cars by 2035 in a […]
CEO Today Online and CEO Today magazine are dedicated to providing CEOs and C-level executives with the latest corporate developments, business news and technological innovations.
