EssilorLuxottica extended its partnership with Armani on Wednesday, marking the company’s first capital markets day since the death of chairman and main shareholder Leonardo Del Vecchio in June. The owner of the Oakley and Ray-Ban sunglass brands extended its 15-year licensing agreement with Giorgio Armani’s luxury group. Del Vecchio and the renowned fashion designer first…
Patagonia founder Yvon Chouinard, his wife, and their two adult children are giving up their ownership in the clothing company he founded 50 years ago, donating all profits to projects and organizations that will protect wild land and biodiversity and fight the climate crisis. According to the New York Times, the company is worth around…
According to reports, Goldman Sachs will lay off hundreds of employees. According to sources, the layoffs at the financial investment firm could begin as soon as next week and affect employees across the board. Goldman Sachs declined to comment, but did mention lower profits in its July earnings report. “We have made the decision to…
Twitter shareholders overwhelmingly approved Elon Musk’s offer to buy the company for $44 billion. The decision was made during a brief conference call with investors from the company’s headquarters in San Francisco. It means that Twitter will now go to court to force Elon Musk to buy the company. The meeting came after explosive testimony…
VinFast, a Vietnamese automaker, started giving away its first 100 all-electric sport utility vehicles (SUVs) to local customers on Saturday. U.S. deliveries of the vehicle are expected to start as early as December. VinFast, which launched operations in 2019, is preparing to grow in the U.S. market. With its two all-electric SUVs, the VF8 and…
Car owners and police departments across the United States are on high alert after a dangerous challenge involving young teens to steal specific cars off the street using a USB cord began to circulate on TikTok and other social media platforms. Certain makes and models of Kia and Hyundai cars from 2010 to 2021 that use…
According to Saudi media, Netflix was ordered to remove content that they claim “violates Islamic and societal values and principles” by Saudi Arabia and five other Gulf Arab nations. The statement claimed that the streaming behemoth’s content violated legal requirements, but it made no mention of which specific subjects or programs were in violation. But…
Nio, a Chinese manufacturer of electric vehicles, joined other automakers in claiming that U.S. restrictions on Nvidia chip sales to China won’t have an impact on the automaker’s operations. In an effort to lower the possibility that these products would be used by the Chinese military, Nvidia revealed last week that the United States would…
Following a decline in stock markets around the world and the continued strength of the US dollar, Bitcoin traded below $19,000 on Wednesday morning, reaching its lowest level since June. Due to a sell-off in all digital coins, the market value for all cryptocurrencies also decreased below $1 trillion. According to Coin Metrics, Bitcoin was…
The new lineup of iPhone 14 models and Apple Watches that Apple Inc. is expected to introduce on Wednesday will test how willing consumers are to upgrade technology in the face of inflation and economic doom. At an event dubbed “Far Out” at its Cupertino, California, headquarters, analysts anticipate Apple to reveal that the most…
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