BHP and KoBold Metals will work together in their search for nickel, lithium, cobalt, and copper in Australia. The companies’ 3-year partnership could help to source nickel used in Tesla’s vehicles, with BHP signing a deal with the electric vehicle manufacturer back in July. KoBold Metals, a mineral exploration company based in Silicon Valley, uses […]
In a nod to the 80s, Swiss luxury watchmaker TAG Heuer has released the Aquaracer Professional 300 Night Diver, an updated version of the dive watch worn by Timothy Dalton in the 1987 Bond film The Living Daylights. The 15th Bond film has no official timepiece, but years of close analysis by enthusiasts has led […]
Three of Ark Invest’s funds, including its flagship Ark Innovation ETF, sold 142,708 shares of Tesla on Wednesday, according to the firm’s daily transaction reports. The shares represent a stake worth approximately $108 million. These latest transactions come just days after Wood praised the electric vehicle company’s success. In an interview with Yahoo Finance, Wood […]
Cascade Investment will acquire half of the billionaire prince’s stake in the luxury hotel chain, raising its ownership to 71.3% and valuing the company at approximately $10 billion on an enterprise basis. According to a statement by Four Seasons, Prince Alwaleed will continue to own the remaining stake in the company. The prince owns stakes […]
Image by Web Summit - SD5_7851, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=74256111 CEO and co-founder Nik Storonsky said: “To be able to IPO successfully we need to be at least in the few billion dollars range of revenue a year.” As of 2020, Revolut’s adjusted revenue was £261 million ($359 million). In July, the company managed to raise […]
Image by Jérémy Barande / Ecole polytechnique Université Paris-Saclay, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=57236208 The luxury goods billionaire held a 5.7% stake in Carrefour, which raised €724 million by selling shares on the market in an accelerated book-building process. The stake was sold off at €16 per share after Arnault first took a 9.8% holding at […]
Tipalti polled over 300 CFOs and CEOs across the UK, uncovering the key complexity drivers for the finance department following the pandemic, as well as what the greatest shifts of focus have been for CFOs and highlights the bigger demands placed on them by the CEO and board. Tipalti’s findings shed further light on how […]
Image by TechCrunch - 509306865DH00014_TechCrunch, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=88464732 Medical start-up Theranos was founded by Holmes in 2003 and reached a $10 billion valuation at its peak in 2013 and 2014. The company claimed it would revolutionise the medical testing space with a new blood diagnostic technology that was capable of performing several tests on […]
In September last year, multinational tech company Nvidia struck a deal with Japan’s SoftBank Group to purchase UK-based chip designer Arm Holdings. However, the proposed deal has sparked much concern. In April, the UK government announced it would be examining the potential sale of Arm on national security grounds. In addition to Musk, e-commerce giant […]
Image: Kindly granted by Valery Marchive (LeMagIT) - Flickr, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=16228490 According to Bloomberg News, this most recent portion of the deal consists of around 5 million shares worth approximately $750 million. Part of the final payout is dependent on the company’s stock return over the past three years surpassing a minimum of […]
Business leaders have said that urgent changes to the visa system are needed as retailers struggle to keep shop shelves stocked, and restaurants run out of food and drink amid the supply chain chaos caused by Brexit and the pandemic. Earlier this week, it was reported that fast-food giant McDonald’s had run out of milkshakes […]
Schulman will initially be responsible for all aspects of the Michael Kors brand globally and will report to Idol. Schulman previously held the role of president and CEO of the Coach brand between 2017 to 2020. Prior to this role, Schulman worked with the Neiman Marcus Group as president of Bergdorf Goodman between 2012 to […]
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