JAY-Z Sells Controlling Stake in D'USSÉ Cognac for $750 Million USD
Food & Beverage

JAY-Z Sells Controlling Stake in D'USSÉ Cognac for $750 Million USD

Marking an end to the Bacardi legal dispute.

Kering Has Created a New Beauty Division
Fashion

Kering Has Created a New Beauty Division

Developing beauty for its brands including Bottega Veneta, Balenciaga and Alexander McQueen.

Meta Reports Losses of $4.3 Billion USD in Its Metaverse Division in Q4 2022
Tech & Gadgets

Meta Reports Losses of $4.3 Billion USD in Its Metaverse Division in Q4 2022

Mark Zuckerberg’s bet on the metaverse does not look promising.

Tiffany & Co. Creative Director Ruba Abu-Nimah Departs Jeweler
Fashion

Tiffany & Co. Creative Director Ruba Abu-Nimah Departs Jeweler

She first joined in March 2021.

Apple CEO Tim Cook To Take a 40% Pay Cut In 2023
Tech & Gadgets

Apple CEO Tim Cook To Take a 40% Pay Cut In 2023

Cook recommended the salary adjustment “in light of feedback received.”

Leadership Shakeup at LVMH Sees Louis Vuitton and Dior Get New CEOs
Fashion

Leadership Shakeup at LVMH Sees Louis Vuitton and Dior Get New CEOs

Signaling big changes at fashion’s oldest luxury houses.


Thom Browne Testifies About His Lifelong Love of Sports in Adidas Lawsuit
Fashion

Thom Browne Testifies About His Lifelong Love of Sports in Adidas Lawsuit

Citing his Ivy League references as a major inspiration for his label.

Global Sneaker Sales Decline, Signaling Market Downturn
Footwear

Global Sneaker Sales Decline, Signaling Market Downturn

Nike and adidas face struggles as smaller brands climb.

Kering Q4 Forecasts Imply Balenciaga Ad Controversies Could Contribute to Declining Numbers
Fashion

Kering Q4 Forecasts Imply Balenciaga Ad Controversies Could Contribute to Declining Numbers

From its partnership with Ye to its ad scandal, the French luxury group has had its fair share of kerfuffles this year.

Meta Fined Over $410 Million USD in the EU for Illegally Requiring Users To Accept Personalized Ads
Tech & Gadgets

Meta Fined Over $410 Million USD in the EU for Illegally Requiring Users To Accept Personalized Ads

The social media giant has violated the General Data Protection Regulation.

Elon Musk Is the First Person to Ever Lose $200 Billion USD
Tech & Gadgets

Elon Musk Is the First Person to Ever Lose $200 Billion USD

After becoming the second person ever to amass a fortune of over $200 billion USD in 2021.

Tesla Stocks Plummet, Losing Over $800 Billion USD in Market Value in 2022
Automotive

Tesla Stocks Plummet, Losing Over $800 Billion USD in Market Value in 2022

Likely in response to Elon Musk’s antics.

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