Today: 5. Nov, 2024
In recent developments within the luxury retail sector, Neiman Marcus CEO Geoffroy van Raemdonck has firmly addressed the escalating rumours regarding a potential acquisition by Saks Fifth Avenue. Speaking to CNBC, van Raemdonck emphasized the company’s stable position, stating, “There’s no need…
Philip Morris International, renowned for producing Marlboro cigarettes, is mulling over the sale of a portion of its premier pharmaceuticals division. Having ventured into health care and wellness in 2021 by procuring Vectura, a U.K. pharmaceutical entity specializing in inhalers and inhaled…
Target’s CEO, Brian Cornell, acknowledged that the negative response to their Pride-themed products negatively impacted sales, leading to underwhelming quarterly results. However, Cornell reiterated the company’s commitment to celebrating Pride Month. He mentioned the necessity of adjusting some product placements due to…
Meta Platforms’ strategic shift from metaverse development towards artificial intelligence (AI) has the potential to alter the industry’s landscape drastically. Since February, Meta Platforms (NASDAQ: META) has embarked on a vigorous initiative to incorporate AI into every facet of its operations. While…
