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...Hertz has paused plans to buy tens of thousands of battery-driven cars from Polestar this year, the head of the electric vehicle brand said, after a collapse in resale values last year caused the rental...
...“The large PBMs make money every step of the way when they stick with the brand and it will take a lot to shake them from that mindset.”...
...The share prices of Geely units Volvo, EV brand Polestar, Lotus Technology and ECARX are down an average 60 per cent since their listings....
...However, Reddit said this was “driven by IPO expenses”, as it highlighted its first quarterly profit on an adjusted basis of $10mn....
...Will Lina Khan be left holding the bag? On Monday, the US Federal Trade Commission sued to block Tapestry’s $8.5bn acquisition of rival Capri Holdings. The pair are best known for their handbag brands....
...Analysts are holding off on upgrading estimates for 2025 until they know when the next of Maas’s books is scheduled for publication....
...French hotel group Accor is in talks with investment vehicle Dubai Holding to fund the roughly €800mn development of two upmarket cruise liners under the Orient Express brand, in the latest example of Middle...
...The 15 per cent stake owned by the Agnellis’ holding company Exor was a way for the company to broaden its investments beyond its major holdings, which include car companies such as Ferrari and Stellantis...
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
...The BNSF railroad’s revenues fell 4.1 per cent, almost entirely driven by lower shipments of coal....
...At Rolls-Royce, BMW’s luxury brand, a separate division has been set up to deal with personalised features....
...King pointed out that much of the growth in alternative nicotine product sales had been driven by young people who had not previously smoked cigarettes....
...Unilever on Tuesday announced it was divesting its ice cream business that includes brands such as Magnum, Wall’s — and the controversial Ben & Jerry’s....
...And Musk’s outspoken posts on his social media platform X risk denting his car company’s brand....
...Smaller, highly leveraged peer 888 Holdings is looking at options to sell or exit its US consumer business as part of its latest turnaround strategy, which includes a slightly desperate rebrand to evoke....
...Further evidence comes from the likes of Stash of the US, which has made 62mn stock awards to shoppers at eligible brands since launching its stock-back debit card....
...At Kering, stripping out Gucci’s performance suggests that smaller brands such as Bottega Veneta and Saint Laurent are holding up better....
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
...Brand and name recognition of asset managers plays a significant role in the differentiation between ETFs, as does brand recognition of the index and how well it is tracked, Crossan said....
...She will have to pay Virgin Holdings, top holder with 14.5 per cent, to keep the brand for another four years contractually....
...Revenue growth was driven by an 8.7 per cent uplift in store sales, which was aided by the impact of 26 new sites opened in the year....
...A version of this article was first published by Nikkei Asia on May 1. ©2024 Nikkei Inc. All rights reserved....
...China dominates manufacturing, making more than half of all electric or plug-in hybrid cars, compared with just 10 per cent of traditional engine-driven vehicles....
...That triggered the holding company’s default. The more than £16bn worth of Thames Water bonds sitting below the holding company are part of a so-called whole business securitisation....
...“Brand building is so important — without brand awareness, short-term advertising doesn’t work,” he adds....
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