MILAN — The wave of consolidation in Italy’s supply chain is not showing any signs of a slowdown. At a time of uncertainty and volatility marked by the swift downturn in luxury consumption seen since the last quarter of 2023, smaller suppliers in the downstream end of the fashion manufacturing pipeline are at risk of … Read more
ByteDance has agreed to sell C4Games to a subsidiary of China Ruyi Holdings, a film and game production firm nearly 22 per cent owned by video gaming giant Tencent Holdings, for 259 million yuan (US$35.8 million), Beijing-based China Ruyi said in a Tuesday filing to the Hong Kong stock exchange. C4Games, acquired by ByteDance in … Read more
A Dorchester man who allegedly collected more than $10,000 from individuals as part of a room rental scheme faces a slew of charges in several Boston courts, officials announced Sunday. Police said Bruno Vieira Ferreira, 23, collected the money from at least six potential tenants seeking to rent a room on Taft Street in Dorchester … Read more
Adrian Cheng, the new majority owner of 1017 Alyx 9SM, has already identified “10 key cities” in the world where he could eventually plant freestanding boutiques for the brand created by designer Matthew M. Williams. In an exclusive interview, Cheng and Williams described plans to intensify direct-to-consumer distribution channels, expand the product offering and — … Read more
Finnish telecoms equipment giant Nokia has found new buyers for its majority stake in a Beijing-based joint venture with Huawei Technologies, after a proposed deal fell through last year following strong protest by the Chinese partner. Under the latest agreement, wireless technology firm TD Tech will be jointly controlled by Huawei and a group of … Read more
Over the past 60 years France’s Pinault family has transformed its businesses multiple times. François Pinault, who was 26 back in 1962, began his career trading wood in his hometown of Rennes. He would go on to build his fortune cycling through several industries — department stores, catalogs, electronics and furniture retailing among them — … Read more
