Business

Chanel No.5 Turns 100!

Chanel No. 5, the first-ever fragrance created by French fashion designer and businesswoman Gabrielle ‘Coco’ Chanel and perhaps the world’s most famous fragrance, is now 100 years old. It only fits that No. 5 should be celebrated with a bang. To commemorate all that is No. 5, Chanel commissioned a jewellery collection, historical video and …

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Porsche Taycan Tops Sales for Mainstream Passenger Cars

According to the March sales figures from the Federal Chamber of Automotive Industries, the Porsche Taycan has become the first electric vehicle to top a mainstream sales segment.  Released internationally in late 2019, the Porsche Taycan topped the March sales figures for a large passenger car over $70k. Selling 161 units, Porsche has topped a …

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Michelin’s Sustainability Star

On the 27th of January, the Michelin Guide debuted its new green clover icon for sustainable gastronomy in its 2020 Michelin Guide to France. The purpose of the emblem is to recognise restaurants for commendable practices in their efforts for the conservation of resources and biodiversity. It also takes into account the use of renewable …

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Two Iconic Aussie Companies Partner Up

On the 6th of July, Qantas and Afterpay announced their new partnership, expected to launch this week, where Qantas frequent flyer members would be able to collect points through the ‘Buy Now Pay Later Platform’. For these two iconic Australian companies, the move appears to be quite customer-centric, with their chief executives expressing their pleasure …

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Prada Sales in Asia Reach Double Digits

According to a recent article by Business of Fashion (reposted by Reuters) Italian fashion house Prada, stated sales in Asia have surged into double digit territory as the world struggles to recover from the Covid-19 pandemic. Chief Executive Patrizio Bertelli emphasised the importance of the Asian and in particular Chinese markets to the sales growth …

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Drone Strikes on Saudi Arabia Cause Surge in Oil Prices

On Saturday the 14th of September, the world’s largest oil-processing plant Abqaiq and the Khurais oilfield in Saudi Arabia were attacked by a fleet of ten drones, starting fires that have since halved the output of the world’s largest exporter of oil. The immediate impact, according to Aramco, is a loss of five million barrels …

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Nine CEO Sells 700,000 Shares

Hugh Marks, CEO of Nine Entertainment has disposed of 700,000 ordinary shares worth $1.39 million in the media company, citing “personal tax obligations arising from previous share issues”. Marks, who took the top position in 2015, sold off the shares between September 2-6, according to a statement to the ASX, for values between $1.9504 and …

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Myer – Fighting Back

Australian retail giant, Myer, have delivered their first underlying net profit in nine years after slashing costs, cutting back on discounting and the growing sales of high-margin, boutique labels. Although Myer experienced a loss of $8 million in the second half, the retailer was able to record an underlying profit of $33.19 million, rising 2.2 …

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