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 […]
Image by Wpcpey - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=50843779 Hang Seng has said that its vice-chair and CEO, Louisa Cheang Wai-wan has extended her leave of absence as she recovers from a medical condition first disclosed last year. After her medical leave of absence, Cheang will return as a HSBC executive. In a statement, […]
The billionaire entrepreneur said that the “Tesla Bot” will stand around 5 ft 8in tall and will weigh approximately 125lbs, designed to do work that is “boring, repetitious, and dangerous”. The bot would be able to undertake a range of tasks, from attaching bolts to cars to picking up groceries in shops. Musk has also […]
David Feinberg has led Google’s health care initiatives since 2018 in a role that was created when he was hired. His departure from Google has opened up speculation that the search giant may be reassessing its goal to create new products in its Google Health division to break into the health technology market. During his […]
Pascal Soriot became CEO of the pharmaceutical multinational company in October 2012 and has since presided over a remarkable turnaround. Soriot led the revival of AstraZeneca’s reputation for research and development while rebuffing a takeover attempt by rival Pfizer worth $118 billion. Soriot studied veterinary medicine at the École Nationale vétérinaire d'Alfort at Maisons-Alfort in […]
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