By 2018, Animal Fur Would Not Be Used In Any Clothing Of Gucci Fashion Brand

Starting off with its spring-summer collection, animal fur in its clothing would be stopped beinig used by the luxury fashion brand Gucci from next year. During the 2017 Kering Talk at the London College of Fashion, this the fur-free policy on Wednesday was announced by Marco Bizzarri, the Italian firm’s president and CEO of the…

Snapping Up Parts Of Failed Air Berlin, Lufthansa Spreads Its Wings

By signing a 210 million euro ($249 million)deal to buy large parts of insolvent Air Berlin, Lufthansa reinforced its position as Germany’s largest airline on Thursday. To quickly expand its Eurowings budget business, Lufthansa plans to use the Air Berlin assets. Reaching their highest level in nearly 17 years, Lufthansa shares up more than 3…

In Effort To Boost Deals Business, Goldman Creates ‘Brain Trust’

Marking a return to its investment banking roots as trading revenue slows, and by pitching creative deals to big, complex clients, Goldman Sachs Group Inc is betting it can get its money-making mojo back. Media reports quoting sources said that focused on generating compelling deal ideas for companies like Warren Buffett’s conglomerate Berkshire Hathaway Inc…

Purchases From Venezuela National Oil Company Halted By Big Buyer Of Venezuelan Crude Oil

Deepening a rift amid sanctions on the OPEC-member country Venezuela, the fifth largest U.S. buyer of Venezuelan crude, PBF Energy, has halted direct purchases from state-run oil company PDVSA, reported the media citing four sources. PDVSA owes bondholders $1.2 billion in debt payments due this month and further disagreements could spell new hardships for it even…