Lorenzo Bertelli, the eldest son of Prada’s co-CEOs Miuccia Prada and Patrizio Bertelli, has joined the company in a key role, putting him into position as a possible successor to the husband and wife duo that turned the Italian luggage maker into a global fashion powerhouse. He joined the company as head of digital communications […]
Author: otd.today
Ralph Lauren’s Chief executive Patrice Louvet unveiled a five-point strategic plan to significantly boost revenue, operating income and payouts to shareholders. The company aims to increase sales by $1 billion by 2023. Louvet’s goal is to woo the next generation of consumers and increase gross margins by improving the core product, amplifying under-penetrated categories and […]
Porsche AG named its first car to directly compete with electric leader Tesla Inc. the Taycan, as the German manufacturer gears up for its most ambitious and potentially risky vehicle project. The moniker roughly translates to “a lively, young horse,” CEO Oliver Blume said at the Porsche museum near the company’s headquarters in Stuttgart, where the […]
Louis Vuitton master perfumer Jacques Cavallier Belletrud has recently blended Vuitton’s first quintet of fragrances for men which launched in May with new, adventure-themed scents dubbed “L’Immensité,” “Nouveau Monde,” “Orage,” “Sur la Route” and “Au Hasard” (translated to mean: Vastness, New World, Thunderstorm, On the Road and At Random). They’re presented in identical Marc Newson-designed […]
The International Monetary Fund has agreed to lend Argentina up to $50bn to bolster the country’s struggling economy. Argentina, plagued by economic problems for years, asked for assistance from the IMF after its currency hit an all-time low. The $50bn deal which must be approved by the IMF board will make Argentina move faster with […]
The Curiosity rover sent by NASA to Mars has detected organic matter in soil samples taken from the Gale crater which was most likely formed by meteor impact between 3.5 to 3.8 billion years ago. The rover has also detected methane in the Martian atmosphere. Detection of methane, combined with the finding of organic compounds […]
Apple previewed macOS Mojave, the latest version of the world’s most advanced desktop operating system. macOS Mojave users can switch to Dark Mode to transform their desktop to a darkened color scheme. Stacks for the desktop automatically stacks files into groups based on file type. Finder also gets a significant update. Apps including News, Stocks […]
The world’s biggest global beauty manufacturer L’Oréal has acquired its first startup, Modiface which is a Silicon Valley company offering digital makeover experiences that let users try on different hair or skincare looks using their smartphone camera. Modiface was sold for an undisclosed amount and L’Oréal’s announcement at the Viva Technology in Paris detailed how […]
Bayer launched a $7 billion rights issue on Sunday for its $62.5 billion takeover of seeds maker Monsanto. Bayer is set to close the transaction on June 7. With this deal, Bayer will create an agricultural supplies giant with sales of about 20 billion euros in comparison to about 12.4 billion euros at DowDuPont’s Corteva […]
A 53-year-old Austrian man who went on a knife-wielding rampage in Berlin Cathedral was shot in the leg by a German police officer. A police officer was also injured in the incident. Police said there was no indication of any terrorist motive. About 100 people were in the building at the time of the incident. […]