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...They identified undervalued players, and developed new tactics....
...As the luxury industry’s biggest players — including LVMH, Hermès, Kering and Prada — prepare to present their annual results for 2023 in the coming weeks, analysts expect that divergence to become more...
...Widerström, a veteran of the online gambling industry who was installed as chief executive in October, is trying to revive the fortunes of the indebted group that has been blighted by compliance failings...
...one of the premier players at the game’s most important position....
...While BYD remains the dominant player in PHEVs, the company faces competition from Huawei’s Aito brand, whose M7 model is the fourth bestselling EV in China so far this year, behind two BYD models and Tesla...
...Chart du jour: Luxury fortunes Luxury groups rode a post-pandemic spending wave....
...One year later, it emerged from Chapter 11 at a $7bn enterprise value, higher than its pre-bankruptcy size amid a heated bidding war waged between two private equity groups....
...As the luxury market slows from several years of record sales growth and profits, the fortunes of the sector’s strongest companies and weakest players are expected to diverge further....
...The ecommerce business accounts for 38 per cent of group gross revenue. GoTo’s $599mn loss in the first nine months this year was a big improvement on 2022....
...The $7bn dating market remains dominated by incumbent Match Group, which has snapped up rising players such as Hinge....
...The problems buyout groups are having with selling assets are leading to a divergence in fortunes when they try to raise new money from investors....
...The second-tier players — Twitter, Snap, Pinterest and Reddit — take the scraps....
...One big winner was the Newhouse family, who through Advance Magazine Publishers Inc own Condé Nast, which bought Reddit in 2006 for $10mn before spinning it out in 2011....
...Founded in 2001, Jagex has had several owners, including asset manager Macarthur Fortune Holding, its most recent before Carlyle....
...Do read on — Josh Noble, sports editor Pop Tarts and the changing fortunes of US college football By now, you’ve probably seen the Pop Tart....
...MainFT says the sale to CVC and Haveli Investments is worth “about £910mn”, marking a substantial increase in the valuation of Jagex — which Carlyle bought from Macarthur Fortune Holding for (just) £502mn...
...Perrette said that the group was “way ahead of what we thought we’d do” in driving profits from its streaming platform. WBD will also start to crack down on password sharing among its existing users....
...Of the 470 public companies in the Fortune 500, 328 make their corporate home in the small, mid-Atlantic state best known for President Joe Biden and chemicals group DuPont, drawn in part to its stable and...
...Falling market share and sales figures reported this month indicate the two groups face rising competition and the whiplash of US-China geopolitical tensions....
...Its players aren’t destined for the NBA, and there is low chance their distinction as employees would transform their individual fortunes....
...This week, the tour approved a deal for a group of investors led by Liverpool FC and Boston Red Sox owner John Henry and his Fenway Sports Group to buy into the new entity....
...The club has a history of success in France, but its fortunes have soured since it was bought by a US investor in late 2022....
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