Nothing Opens $5M Community Share Sale and Targets IPO Readiness Within Three Years
Consumer electronics maker Nothing has announced a $5 million community investment round that will allow its users to buy company shares at its Series C valuation of $1.3 billion, as…
Prada Acquires Versace for $1.38bn in Deal Valued Below 2018 Purchase Price
Prada has acquired Italian luxury fashion house Versace for $1.38bn (£1.04bn), bringing the two historic design brands under common ownership at a price significantly lower than what Versace’s former parent…
US Appeals Court Rejects Investor Claims Against Adidas Over Kanye West Partnership
A US appeals court has sided with Adidas in a lawsuit brought by shareholders who claimed the company misled investors about risks tied to its collaboration with Kanye West before…
Discord Enables In-Platform Purchases of Game Items Ahead of Possible IPO
Discord has introduced new commerce features that allow users to buy digital in-game items directly within the platform, a move that coincides with preparations for a potential initial public offering…
Valentino Faces Backlash After Posting AI-Generated Ads for DeVain Handbag
Italian luxury fashion house Valentino is facing criticism after publishing artificial intelligence-generated adverts for its DeVain handbag, with social media users describing the campaign visuals and use of AI as…
San Francisco Files Lawsuit Against Major Food Companies Over Ultra-Processed Products
San Francisco has sued ten major food and beverage companies, accusing them of knowingly producing and marketing ultra-processed foods that the city says are linked to rising rates of serious…
Michael Jordan and Team Owners Take NASCAR to Trial Over Monopoly Claims
Michael Jordan has taken NASCAR to court, accusing the motorsports organizer of operating an illegal monopoly that he and other team owners say has suppressed competition and caused major financial…
Airbus Inspects A320 Aircraft After Supplier Panel Quality Issue Identified
Airbus has begun inspecting a limited number of A320 aircraft after identifying a supplier quality issue involving metal panels, with up to around 600 planes potentially affected, according to the…
Nvidia Invests $2B in Synopsys to Accelerate GPU-Driven Chip Design
Investment Deepens Existing PartnershipNvidia is investing $2 billion into Synopsys, a leading provider of software and components used in chip design. The move expands their long-running collaboration at a time…
German Green Hydrogen Firms Warn of Delays as Demand Fails to Match Supply
Electrolyser Production Outpaces Market DemandIn a quiet factory near Hamburg, industrial robots stand ready to assemble electrolysers at a pace that exceeds current demand. Quest One, which manufactures proton exchange…
Candy Kittens Set to Acquire UK Snack Brand Graze in Deal with Unilever
Unilever Moves to Sell Under-Performing Food BrandsCandy Kittens, the vegan sweets brand founded by British TV personality Jamie Laing, is set to acquire the UK snack company Graze through a…
French Snail Farm Reports €90,000 Theft Ahead of Holiday Season
Farm Describes Major Loss Before Peak DemandA farm in northern France that supplies gourmet restaurants has reported the theft of €90,000 (£79,000; $104,000) worth of snails, describing the incident as…
Dignitas Founder Ludwig Minelli Dies by Assisted Suicide at Age 92
Organisation Announces Death of Its FounderLudwig Minelli, founder of the Swiss right-to-die organisation Dignitas, has died by assisted suicide at the age of 92, the group announced. Minelli died on…
Data Breach at Coupang Potentially Exposes Information of Nearly 34 Million Customers
Discovery of the Breach and Initial FindingsSouth Korea’s largest online retailer, Coupang, has apologised for a major data breach that may have exposed information from nearly 34 million customer accounts.…
Airbus Says Flights Are Returning to Normal After Solar Radiation Warning Grounded A320 Fleet
Return to Service After Temporary GroundingsThousands of Airbus aircraft are returning to regular operations after being grounded for software updates prompted by a warning that solar radiation could interfere with…
Meesho Moves Ahead With $606 Million IPO as SoftBank and Prosus Hold Their Stakes
IPO Launch and Valuation DetailsMeesho is preparing a roughly $606 million initial public offering that features limited sell-downs from early investors and no sales from major backers such as SoftBank…