The low cost carrier has hired Deutsche Bank AG, Evercore and JPMorgan Chase & Co to manage its IPO. The New York Times has reported citing sources familiar with the matter at hand that Denver based, Frontier Airlines, a budget… Read More ›
Creativity
Gartner acquires CEB in a cash and stock deal valued at $2.6 billion
The deal marks 2017’s first significant merger in the advisory, research and analysis industry. Gartner Inc, an IT research and an advisory company, has disclosed that it is set to acquire CEB Inc, a provider of business research and analysis,… Read More ›
American Apparel’s branding theme could potentially create pressure points for its acquirer
With Donald Trump pressurizing companies to subscribe to his agenda, American companies such as Amazon.com and Forever 21, could succumb to cost conscious competitor such as Canada’s Gildan Activewear Inc. According to sources familiar with the discussion at hand, online… Read More ›
French fashion house Chloé set to appoint Natacha Ramsay-Levi as its creative director
Ramsay-Levi’s shift from Louis Vuitton to Chloé, underscores the fact that there has been a high turnover rate of staff at the design studio in the last two years. This could be partially attributed to long working hours and stressful… Read More ›
British consumers capitalize on holidays shopping discounts boost consumer spending to 11 year high
Defying downturn predictions following Britain’s shock Brexit referendum the British economy has surged forward. However in the long run, the price of the sterling and its ability to negotiate access to EU’s single market will determine the country’s economic future…. Read More ›
Toshiba again accused of profit padding by securities watchdog
Japan’s Securities and Exchange Surveillance Commission has accused Toshiba’s top management of accounting fraud for the period of 2012-2014. With reports appearing in the media that a security watchdog suspects Toshiba Corp of misreporting its profits by $339.59 million (40… Read More ›
Samsung’s 3D NAND chips help rake in record profits
Samsung’s third quarter results expected to touch new heights. Despite Samsung’s Galaxy Note 7 fiasco, analysts have found that this is likely to be Samsung’s best quarterly profits in nearly 3 years. An aggressive sales strategy for its memory chips… Read More ›
South Korean court allows Italy’s Fincantieri to become a preferred bidder for STX France
The French state has a 33% stake in STX France. Last year, STX France delivered the largest passenger ship ever built – the ‘Harmony of the Seas’. A spokesman for South Korea’s court has reported that the court had given… Read More ›
Swiss favours closer ties to EU over immigration curbs: survey
Access to EU’s single market is key especially since Swiss products have a sizeable market presence. According to a survey, Swiss voters prefer closer ties to the EU and its single market than adopt immigration curbs that could jeopardise these… Read More ›
Kia Motors to chase sales target of 3.12 million vehicles in 2017
Kia Motors has set an aggressive sales target despite falling short of its undisclosed target for 2016. South Korea based Kia Motors Corp has stated that it intends to sell 3.17 million vehicles globally this year. In 2016, it had… Read More ›
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