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Share to Twitter Share to Linkedin Bayern Munich have agreed to negotiate the sale of star striker Robert Lewandowski with FC Barcelona. The Poland captain is the Blaugrana's top transfer target this summer, but the Bavarians have been adamant that he is not for sale and insist he should ride out his contract which expires in June next year. Lewandowski has publicly tried to force a move away from the Bundesliga champions which has been met with criticism by club higher-ups and legends such as CEO Oliver Kahn. According to Sky , however, Bayern have had a change of heart and are now willing to listen to offers from Barca for Lewandowski and negotiate his sale. Despite having 12 months to run on his curent deal, though, Lewandowski will not come cheap. The starting price that Bayern want to set off from is a reported €60mn ($63mn) for the 33-year-old they snatched away from domestic rivals Borussia Dortmund in 2013. Over at Mundo Deportivo , … [Read more...] about Bayern Munich Agree To Negotiate Lewandowski Sale With FC Barcelona

Share to Twitter Share to Linkedin At the start of Avenue Montaigne, in the heart of Paris, stands the newly opened Henry Jacques Perfumes boutique. Though the family-owned French perfume house was launched in 1975, this is their first store in their home country. That’s because the location and building itself had to be perfect, with a rich history—no compromises or corner cutting, true to the heritage of Henry Jacques Perfumes . And flawless it is, with its Belle Époque exterior, and a private garden—a true rarity on Avenue Montaigne—with flowers that change with the season. “It was my dream to enter the store through a garden,” says Anne-Lise Cremona, CEO of Henry Jacques Perfumes. “I wanted a house, a place where clients can come and spend time, because luxury is time for yourself—it’s very rare. We started with the idea of having a boutique concept, like a home, to have a bit of mystery to treat the perfume the best we could, with no limits on the … [Read more...] about Henry Jacques Perfumes Carries On Old World French Perfumery With A Luxurious Twist

Share to Twitter Share to Linkedin Omar Davis, known best behind the decks as Moore Kismet, is known for their texturally varied songs, featuring everything from heavy bass to shimmering synths, airy production, ominous bass, angelic sounds, percolating beats, effervescent sounds, dubstep music and more. Indeed, the 17-year-old proves to not only be impressive for their age but also for their artistic capabilities, so much so that they are the youngest producer to ever perform at Electric Daisy Carnival (EDC). Davis’ masterful skills are best showcased on their debut album, UNIVERSE , released June 24. “[The album] documents my age and how much I've grown on that aspect, but also how it correlates to how my tastes have changed, how my growth as a musician has changed and everything of that nature,” they say. Davis, who started producing around six or seven years of age, features 17 songs on UNIVERSE , which is meant to mark each year of their … [Read more...] about Moore Kismet Stuns With Sonically Diverse Debut Album, ‘Universe’

Representative image Small Fast Moving Consumer Goods (FMCG) companies that operate at regional levels are struggling in the face of unprecedented inflation across categories. Several of these companies have witnessed a slump in sales, according to data from Kantar, the data analytics and brand consulting firm, despite the overall categories posting growth. For instance, Ponvandu and Oorvashi, noted South Indian detergent bar brands, lost 17 percent and 8 percent of their sales by volume, respectively, in February, March and April compared to the same period last year, shows data from Kantar. The overall detergent bar category, however, grew 2.3 percent in the period, according to Kantar. Other local brands are in a similar situation. (As shown below) Close Small brands ideally are expected to gain out of inflation, which typically prompts consumer to switch to smaller and cheaper versions when confronted with price hikes in products of daily use. The … [Read more...] about Small FMCG companies struggle despite consumers switching to cheaper products

Share to Twitter Share to Linkedin Eyewear mogul Leonardo del Vecchio—whose firm owns Ray-Ban, Sunglass Hut and more—died at age 87, with a fortune worth an estimated $25.5 billion and six children from three different relationships. The death of Italy’s second-richest man, Leonardo Del Vecchio , means that his estimated $25.5 billion fortune will now be divided among his heirs. The 87-year-old eyewear mogul leaves behind his second wife, Nicoletta Zampillo, and six children from three different relationships, ranging in age from 18 to 65. All seven are now likely to become billionaires, inheriting Del Vecchio’s Luxembourg-based holding company Delfin and its billions of dollars in assets. One of Italy’s most famous entrepreneurs with a rags-to-riches tale of success, the factory apprentice-turned-eyewear mogul lived in Monaco and held his vast fortune—including ownership of Sunglass Hut, Ray-Ban and Oakley—through Luxembourg-based Delfin. After a … [Read more...] about Here’s How Many Billions The Heirs Of Italy’s Second Richest Man–Who Died Monday–Stand To Inherit

Share to Twitter Share to Linkedin One of the biggest challenges for any purpose-led brand pursuing game-changer status isn’t breeding a fanbase who ‘get it’ but selling a vital new narrative to the hardcore apathetic. For fashion, mired in climate crisis and battling the clock to cultivate a circular economy, retuning fans’ mindsets (America throws away and 2150 pieces of clothing every second and even people with positive eco intentions are loathe to sacrifice what they perceive as an identify-defining hobby ) is now mission imperative. Dutch fashion brand 1/OFF Paris, whose couturiers splice together or respectfully reinterpret iconic vintage garments to create ultra-covetable new pieces (think: a Levi’s denim jacket with Chanel’s quintessential ladies-who-lunch tweed; double layered jeans; or two oversized classic men’s blazers tailored into a freshly feminized silhouette) is doing just that. Selling to an audience including legions of the … [Read more...] about 1/OFF Paris: 400% Growth For The Upcycled Fashion Brand Taking Sustainability To Luxury’s Eco-Apathetic

- A + A KUALA LUMPUR (June 27): MyNews Holdings Bhd posted its ninth consecutive quarter in the red, with a net loss of RM10.22 million in the second quarter ended April 30, 2022 (2QFY22), from RM10.32 million a year ago. The results came amid higher revenue, offset by higher cost of sales and expenses amid an increase in the number of outlets which also contributed to higher footfall. Quarterly revenue rose 35.74% to RM141.10 million, from RM103.94 million, the group said. Losses per share stood at 1.51 sen, from 1.5 sen. On a quarterly basis, the group’s net loss widened in 2QFY22, from a net loss of RM7.86 million in 1QFY22, while revenue improved by 1.2% from RM139.44 million. The weaker quarter-on-quarter performance was due to additional costs incurred in establishing and promoting the launch of 26 new CU stores in the quarter, it said. For the six-month period ended April 30 (1HFY22), the group’s net loss narrowed to RM18.08 million from a net loss of … [Read more...] about MyNews maintains expansion mode as it continues to bleed in 2QFY22

- A + A WASHINGTON (June 27): New orders for US-made capital goods and shipments increased solidly in May, pointing to sustained strength in business spending on equipment in the second quarter, but rising interest rates and tighter financial conditions could slow momentum. The nearly broad rise in orders reported by the Commerce Department on Monday occurred despite deteriorating business and consumer sentiment, as well as heightened fears of a recession. The gains partly reflected higher prices. The Federal Reserve is aggressively tightening monetary policy to quell inflation. "There's some inflation behind the increase in orders, but, nevertheless, there are a lot of dollars flowing through the economy right now," said Christopher Rupkey, chief economist at FWDBONDS in New York. "Businesses would not order new equipment if they thought consumers and other companies were looking to pull back their purchases." Orders for non-defense capital goods excluding … [Read more...] about US manufacturing shows resilience despite rising interest rates

Siddharthaa Bhaiya, Managing Director and Fund Manager of Aequitas, said their investment philosophy is guided by a multibagger approach that identifies long-term potential through extensive in-house research. They invest in Indian listed equities in small and mid cap space and identify companies that are leaders by way of margin or sales in their respective sectors. Siddharthaa Bhaiya added that they hold stocks through their entire wealth creation journey making average holding period approximately 4-5 years. In an interview to Moneycontrol, he said they do see potential in the auto space. Here are edoited excerpts from that interview: What is your investment philosophy and what is your suggestion to the new-age investors? Close Don't try to time the market : As famously said by Peter Lynch: “Far more money has been lost by investors trying to anticipate corrections, than lost in the corrections themselves.” Nobody can predict what is going to happen … [Read more...] about Don’t try to time the market, advises Siddharthaa Bhaiya of Aequitas

- A + A ZURICH (June 27): Credit Suisse Group AG has said mining company Bluestone Resources will make overdue payments of up to US$320 million, in a settlement that moves the bank closer to recovering funds caught up in the collapse of Greensill Capital. Bluestone had committed to making payments starting from this month to investors in funds including the supply-chain finance products that were frozen amid the failure of Greensill last year, the bank said in a statement on Friday. Credit Suisse said earlier this week it had so far recovered about 73% of the cash funds' assets as of their suspension. The maximum payments Bluestone agreed to amount to 38% of the outstanding debt, which would leave hundreds of millions in paper losses. Credit Suisse said that Bluestone also agreed to share proceeds from the sale of any entities and that the bank has made insurance claims to try to recover additional funds. The mining company, which is owned by the family of West … [Read more...] about Credit Suisse set to receive payments from Bluestone