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SOUTH AFRICA

Versace acquisition: Michael Kors needed to boost its credibility to make it in the luxury market

By acquiring the prestigious Italian fashion house, Versace, American group Michael Kors enters the luxury world, despite a lack of experience in the sector...

By Stéphane J. G. Girod 15 Oct 2018

SOUTH AFRICA

Michael Kors grows luxury portfolio with $2bn Versace acquisition

One year after buying Jimmy Choo, US fashion company Michael Kors is acquiring Italian luxury goods house Versace for $2.1 billion...

By Lauren Hartzenberg 25 Sep 2018

SOUTH AFRICA

Top cotton fabric importing countries in the world

Global cotton fabric imports totalled 2.3 million tonnes in 2016, remaining relatively unchanged against the previous year's level...

29 May 2018

ITALY

Forget Milan, Florence is cradle of Italian fashion

Think Italian fashion and you are likely to think of chic central, Milan. But "Made in Italy" actually has its roots in Florence, where the hotly anticipated Pitti Uomo trade fair opens this week...

9 Jan 2018

ITALY

Ferrari boss Montezemolo quits

ROME, ITALY: The president of the Italian Ferrari luxury sports car company, Luca Cordero di Montezemolo, announced he was stepping down on 13 October, just days after he said he wanted to stay.

10 Sep 2014

ITALY

No golf for salvage expert Nick Sloane

ROME, ITALY: After rescuing a burning ship from pirate-infested waters off Yemen and salvaging a sinking oil rig in the Gulf of Mexico, South African salvage master Nick Sloane faces his biggest test yet off an idyllic Mediterranean island.

14 Jul 2014

ITALY

Fiat changes name, disappoints with profits

MILAN, ITALY: Italian car company Fiat announced on Wednesday (29 January) it was changing its name to Fiat Chrysler Automobiles (FCA) after completing the purchase of US car manufacturer in a move that Fiat chairman John Elkann said "heralded a new chapter".

30 Jan 2014

ITALY

Fiat shares surge on Chrysler merger

ROME, ITALY: Shares in Italian car giant Fiat rose sharply after it announced it would take full control of Chrysler in an historic US$3.65bn deal.

3 Jan 2014

ITALY

Microsoft needs to restart says Ballmer

ROME, IITALY: Microsoft chief executive Steve Ballmer said the computer company had to reinvent itself to avoid being "old and tired" as it struggles to keep up in the mobile devices sector.

6 Nov 2013

ITALY

Fiat invests €1bn in Italian plant

MILAN, ITALY: Fiat said on Wednesday (4 September) it will invest €1.0bn at its Turin plant to make Maseratis, easing fears that Fiat is lowering its role in Italy.

5 Sep 2013

ITALY

Fiat profits sharply up but shares fall

MILAN, ITALY: Italian car company Fiat reported a huge increase in second-quarter profits on Tuesday (30 July) but its share price fell sharply after US partner Chrysler revised down its 2013 financial targets

31 Jul 2013

ITALY

Women prisoners launch fashion label

ROME, ITALY: Women's prison workshops across Italy are joining up under a new commercial fashion brand they hope will help encourage more detainees to learn the trade and give them hope for a future on the outside.

6 Jun 2013

GERMANY

Demand for smartphones higher than ever before in Europe

NUREMBURG, GERMANY: In 2011, demand for mobile phones once again increased in Europe, largely as a result of the rising popularity of smartphones. According to GfK, 3.2% more mobile phones were sold in 2011, in particular the sales of smartphones increased by 67%.

15 Feb 2012

UNITED KINGDOM

Renewable M&As market rallies

LONDON, UK: North America's switch on to energy efficiency has driven their position in the global renewable M&A market in the last 12 months, and could act as a driver for the region to become the dominant renewables market within three years, according to new analysis by PwC. In Europe, however, regulatory uncertainty clouds European deals.

29 Mar 2011

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