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...Swiss luxury group Richemont blamed a weaker economic backdrop and geopolitical tensions as the owner of the Cartier jewellery brand reported weaker than expected first-half profits....
...The group’s jewellery division, driven by its biggest brand Cartier, grew 24 per cent, while Asia outside of Japan was up 40 per cent as the key Chinese market bounced back from Covid-19 restrictions at...
...It’s hardly surprising that Napa Valley, an hour north of San Francisco, is a magnet for tourists. Napa wine producers have responded by turning tourism into a serious profit centre....
...A claim filed in a court in Los Angeles on Tuesday said the use of a “special expenses” fund of $950,000 after tax was an agreed part of his contract....
...Their ways of working just don’t apply to Tesla, which is less a company and more the publicly traded division of a self-contained hysteria factory....
...As part of the executive reshuffling earlier this month, ex-Tag Heuer chief executive Frédéric Arnault became head of the LVMH’s watch division, which necessitated handing over the reins of Tag Heuer to...
...by strong performance in North America, Europe and the Middle East....
...EY is considering a historic split of its audit and advisory divisions that would enable it to win more tech consulting work by avoiding conflicts of interest between the two business lines....
...’re so far from being a security minded company,’” Gurbir Grewal, director of the SEC’s enforcement division, said in a statement....
...The popularity of the beer, a Pilsner served in a wide, gold-topped bottle, highlights the growing cultural influence of the Hispanic consumer. The Mexican beer boom shows no signs of slowing....
...And yet in 2021, the same McKinsey survey showed nearly 60 per cent of industry leaders expected North America to beat China in developing driverless car technology....
...The energy division also houses Berkshire’s realtor, HomeServices of America, which is facing 11 antitrust lawsuits over how it and other brokers charged commissions....
...Growth in Europe, L’Oréal’s biggest market, and North America progressed in the mid-teens....
...That will help us to be close to our customers in North America,” said Hsu, who is also co-head of Asustek’s emerging Artificial Intelligence of Things and component business....
...Sales in CRH’s Americas building solutions division were ahead of the previous year in the three months to September, underpinned by higher prices and a contribution from acquisitions....
...Richemont, which owns Cartier, saw sales in the Americas down about 2 per cent. Burberry’s were down 8 per cent. So we went looking to find out what’s happening here....
...The pair will then set up a joint venture in the US, 51 per cent owned by Lithia, to sell Pinewood’s dealership technology across North America, a market the pair said was worth £2.6bn....
...“Just as Dior has been chasing Chanel for as long as Arnault has owned it, Tiffany has been and will continue to chase Cartier,” said Pauline Brown, former chair of LVMH North America and a professor at...
...While high cocoa prices had not yet translated into consumer price rises in Europe, said Joules, they had in North America where contracts between producers and retailers were easier to adjust....
...America division....
...hit sales in Europe and North America — and Palus’s custodianship of Gucci as a way to fast-track the turnaround....
...The US lender plans to completely separate its Banamex division, which has 38,000 employees and is one of the largest consumer banking franchises in Mexico, by the middle of next year....
...Hedge funds have been concerned that MSCI’s ESG revenue growth could continue to decelerate, bringing down the growth of the company overall, according to Bank of America analysts....
...LVMH is pushing its smaller brands into smaller cities, said Anish Melwani, who heads North America....
...Wendy’s has overtaken America’s former number-two burger chain in terms of sales in recent years. Last year, Burger King pulled in $10.3bn in US systemwide sales, compared to Wendy’s $11.7bn....
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