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MILAN, March 9 (Reuters) - Italy's Prada said on Thursday it expects revenue growth to outpace rivals this year, after sales exceeded analyst expectations in 2022 thanks to a strong performance in Europe. "In 2023, we expect revenue growth to remain solid and above market average," Prada's new Chief Executive Andrea Guerra said in the statement, adding that China had started again to be "an engine of growth". Prada said net sales grew 63% in Europe with a strong performance across the region, sustained by local demand and an upturn in tourism throughout the year. Revenue growth in the Americas stood at 22% with a "normalisation" in the second half of last year. The growth in Asia Pacific was hit by the lockdowns in China, but the strong performance in South Korea and South East Asia helped to contain the decline.
Prada brings blooming flowers to designs at Milan Fashion Week
  + stars: | 2023-02-23 | by ( ) www.reuters.com   time to read: +1 min
[1/6] A model presents a creation from the Prada Fall/Winter 2023/2024 collection during Fashion Week in Milan, Italy, February 23, 2023. REUTERS/Alessandro GarofaloMILAN, Feb 23 (Reuters) - Florals bloomed on skirts, shoes and from the ceiling at Italian designer label Prada's Milan Fashion Week show on Thursday. Designers Miuccia Prada and Raf Simons turned wedding dresses into everyday looks, opening their autumn/winter 2023-24 catwalk presentation with a range of long and short white skirts embellished with white flowers and paired with knits. Models wore shirts with stick-out shoulders, knits and jackets with colourful inside collars, and pastel-coloured cigarette trousers paired with ribbed tops. Milan Fashion Week is the third leg of the month-long catwalk calendar, during which designers present their autumn/winter 2023-24 collections.
Manchester United, INEOS, Tesla and Musk did not reply to requests for comment. "For potential buyers, football clubs like Manchester United are considered trophy assets driven by the perception of exclusivity. The size of that bid has fuelled speculation Manchester United will attract significantly more. Manchester United is the fourth richest soccer club in the world, according to analysis by Deloitte. A small portion of Manchester United shares is listed on the New York Stock Exchange.
Companies are expected to tap the brakes on capital investments this year as they assess the risk of a downturn and contend with higher financing costs. Capital spending in 2021 rose by 9% compared with 2020, the first year of the pandemic, EY said. After two years of spending heavily, some companies want to take a pause to digest the investments they’ve made, advisers said. FedEx Corp. last month lowered its capital spending forecast for the current fiscal year by $400 million, to $5.9 billion. The remainder said they don’t finance their capital spending plans through borrowing, or their borrowing isn’t sensitive to changes in interest rates.
Two teachers from Wauwatosa, Wisconsin, were among thousands to have Southwest flights canceled. Marcus and Andrea Grasenick said they missed their honeymoon cruise after a canceled flight. Eleven days later, Andrea Grasenick was still waiting on her two suitcases to be returned. "I could see our bags outside in the snow from inside the airport," Andrea Grasenick told Insider. The airline canceled over 2,900 flights on December 26, accounting for about half of all canceled flights across the world that day.
The teachers from Wauwatosa, Wisconsin, were among thousands to have Southwest flights canceled. Marcus and Andrea Grasenick said they missed their honeymoon cruise after a canceled flight. Southwest canceled more flights than any other airline after storms hit the US over Christmas. Marcus and Andrea Grasenick of Wauwatosa, Wisconsin, told local outlet TMJ4 that they flew to Nashville on Monday where they waited for word on their connecting Southwest flight. Southwest canceled more than 2,900 flights on Monday, accounting for around half of all canceled flights throughout the world that day.
Lufthansa declined to comment on Rome's decision to offer an initial minority stake. Some of Italy's politicians consider ITA as the heir to cultural icon Alitalia, which they want to preserve. Some also say that ITA does not have to worry so much about losing its national identity should Lufthansa take over. The Certares-led alliance was willing to pay 350 million euros for a 50% stake plus one share of the state-controlled airline, sources had said. ($1 = 0.9412 euros)Reporting by Angelo Amante in Rome and Joanna Plucinska in London; additional reporting by Giuseppe Fonte in Rome.
PARIS, Dec 9 (Reuters) - Antoine Arnault, LVMH chairman Bernard Arnault's eldest son, was on Friday named chief executive of family holding company Christian Dior SE, replacing veteran executive Sidney Toledano and stirring speculations of succession at the group. Christian Dior is a listed company that owns the bulk of the Arnault family's stake in LVMH (LVMH.PA) , the world's largest luxury group. At LVMH, Antoine Arnault, a business school graduate and a board member since 2006, oversees the group's communications and environmental issues, driving efforts to shore up its reputation. [1/4] Antoine Arnault, CEO of Berluti, attends the Fall/Winter 2019-2020 collection show for fashion house Berluti during Men's Fashion Week in Paris, France, January 18, 2019. Alexandre Arnault, 30, is an executive at Tiffany & Co. while Frederic Arnault, 27, is chief executive of TAG Heuer.
REUTERS/Arnd Wiegmann(Reuters) -Italian fashion group Prada confirmed on Tuesday that it would name former Luxottica chief Andrea Guerra as its new chief executive officer to ease a transition at the helm to the next generation of the founding family. Current CEO Patrizio Bertelli, 76, will be appointed chairman of the luxury company at annual shareholder meeting next spring. Current co-CEO Miuccia Prada, 73, will remain creative director of the Miu Miu and Prada brands - the latter together with Belgian designer Raf Simons - and a board member. Guerra, 57, will be recommended as the new CEO at a board meeting to be held on Jan.26 by Prada Holding, which owns 80% of Prada group. As Luxottica CEO from 2004 to 2014, the manager oversaw a more than doubling in sales at the spectacles manufacturer that has been producing and distributing eyeglasses under the Prada group’s Prada and Miu Miu brands since 2003.
FILE PHOTO: The company's logo is seen at a Prada store in Zurich, Switzerland January 25, 2021. REUTERS/Arnd Wiegmann(Reuters) -Italy’s Prada said on Tuesday that it would name former Luxottica chief Andrea Guerra as its new chief executive officer. Guerra will be recommended as the new CEO at a board meeting next month by controlling shareholder Prada Holding S.p.A., the luxury company said in a statement,Reuters reported last week that the fashion group was set to hire Guerra in a top management role to ease a transition at the helm to the next generation of the founding family. After overseeing a successful turnaround since 2017 to reverse a slide in sales, Prada CEO Patrizio Bertelli, 76, said a year ago he planned to hand over the reins of the group he leads with wife Miuccia Prada Bianchi to their 34-year-old son Lorenzo. “This is a fundamental step we have decided to undertake, while completely engaged in the company, to contribute more to the evolution of the Prada Group and to ease the succession of Lorenzo Bertelli, the future leader of the Group,” they said.
Former Luxottica CEO Guerra to join Prada - source
  + stars: | 2022-11-29 | by ( ) www.reuters.com   time to read: 1 min
MILAN, Nov 29 (Reuters) - Former Luxottica Chief Executive Andrea Guerra is set to join Prada to help ease a transition at the helm of the Italian luxury goods group between current boss Patrizio Bertelli and 34-year-old son Lorenzo, a source with knowledge of the matter told Reuters. Both Prada and Guerra declined to comment on the issue. Reporting by Valentina Za; editing by Agnieszka FlakOur Standards: The Thomson Reuters Trust Principles.
ATP Tour announces record prize money increase for 2023
  + stars: | 2022-11-17 | by ( ) www.reuters.com   time to read: +2 min
Nov 17 (Reuters) - Men's tennis governing body ATP on Thursday announced a record increase of $37.5 million in prize money to $217.9 million for the 2023 season. The overall prize money pot was for both the ATP and Challenger Tours, with ATP Tour players collectively taking home an additional $18.6 million of on-site prize money from next year, the ATP said in a statement. Earlier this year, the ATP had announced that purses on the Challenger Tour would receive a significant boost. "The record increase also includes a significant uplift on the ATP Challenger Tour, which will see on-site prize money grow by 75%, from $12.1 million to $21.1 million," the ATP said. "These record increases in 2023 are a strong statement for the ATP Tour and highlights our commitment to raising the bar in tennis."
"Just start adding zeroes and stop when you feel like it," said Chuck Clay, a former state Republican chair and former state senator. If the parties split those seats, the runoff in Georgia will determine control of the upper chamber. For a midterm, that ranks second to the $372 million spent on this year's Senate race in Pennsylvania. The most expensive race ever was the $515 million contest between Georgia Republican Senator David Perdue and Democrat Jon Ossoff, which Ossoff won in a runoff in January 2021. Some Republican voters said they hoped popular Republican Governor Brian Kemp, who had somewhat distanced himself from Walker during the general election, would provide support.
WASHINGTON, Oct 17 (Reuters) - The United States and Britain will further their cooperation on sanctions against Russia over its invasion of Ukraine as well as on other targets, top financial officials for the two allied nations said in a joint statement on Monday. "Over time, we expect to realize the benefits of our collaboration not only in relation to the sanctions imposed in response to Russia’s invasion of Ukraine, but also across other common sanctions regimes," Andrea Gacki, the head of the U.S. Treasury Department's Office of Foreign Assets Control, and Giles Thomson, the head of Britain's Office of Financial Sanctions Implementation, wrote. Register now for FREE unlimited access to Reuters.com RegisterReporting by Susan Heavey, Editing by Franklin PaulOur Standards: The Thomson Reuters Trust Principles.
Many companies are taking a pause on acquisitions as a cocktail of worrying economic factors, including high inflation, rising interest rates and market volatility, is sapping the confidence of buyers and sellers. Deal-making activity is expected to remain tepid overall during the fourth quarter compared with 2021, barring an improved economic outlook and lower inflation readings, M&A advisers said. For instance, spinoffs or divestitures could become more popular deal structures as companies review their business models, Refinitiv’s Mr. Toole said. Even a number of early M&A discussions, including about possible financing options, are drying up, M&A advisers said. During the latest quarter, Adobe acquired 5.1 million shares at a cost of $1.8 billion, it said.
We believed that you needed to work and live like a local to really get to know a place. Our first destination was Chiang Mai, ThailandLocated in the mountainous north, it's the second-largest city in the country. Apart from this small mistake, our month and a half in Chiang Mai opened up a world of possibilities for us. We tried to keep our routine in line with usual working hours in Chiang Mai. As more months passed, though, we thought about our experience in Chiang Mai, and the more we wanted to get away again.
Sursa foto: ProfimediaAmericanii sancționează bulgarii pentru corupție; Unul din ei ar fi vrut să pună guvernul sub influența rusăStatele Unite sancționează trei oameni de afaceri și 64 de companii din Bulgaria, din cauza corupţiei. Ţara a fost criticată în repetate rânduri de Comisia Europeană pentru că nu a reuşit să elimine corupţia şi că nu a trimis niciun funcţionar guvernamental de rang înalt după gratii pentru corupţie. Departamentul Trezoreriei din SUA a informat, miercuri, într-un comunicat că aceasta este cea mai importantă acţiune a Washingtonului împotriva corupţiei din Bulgaria de până acum. Premierul bulgar interimar Stefan Ianev a declarat că a fost informat telefonic despre decizie de subsecretarul de stat american pentru afaceri politice, Victoria Nuland. În 2013, Delian Peevski fusese propus la șefia serviciilor secrete, dar în cele din urmă numirea sa a fost anulată în parlament.
Persons: Stefan Ianev, Victoria, Vasil Krumov, Vlad Plahotniuc, Delian, Ilko Dimitrov, aceştia, Andrea Gacki Organizations: Uniunea Europeană, Europeană, Trezoreriei, fotbal Levski Sofia, Peevski Locations: Statele Unite, Bulgaria, SUA, România, american, Bojkov, Dubai, Moldova, Republica Moldova, bulgar
Insectele devin o sursă mai sustenabilă de proteine graţie impactului lor mai mic asupra mediului şi valorii nutriţionale ridicate, atrăgând finanţare din partea fondurilor de investiţii şi atenţia unor giganţi din industria alimentară precum Cargill Inc. şi Nestle SA. "Ajută la crearea unei noi surse de proteine pentru întreaga lume, în mod sustenabil. Suntem foarte mulţumiţi de valoarea nutriţională", a declarat Helene Ziv, manager de risc la Cargill.Aceasta este prima evaluare a EFSA cu privire la riscul insectelor ca nou produs alimentar, în condiţiile în care Autoritatea mai are alte 14 solicitări în analiză pentru insecte, de la greieri la lăcuste. Aprobarea emisă pentru viermele de făină oferă oportunităţi de marketing, susţine Andrea Germini, şef de echipă la EFSA.Europa este un lider în ceea ce priveşte start-up-urile concentrate pe creşterea insectelor, după ce a inclus insectele pe lista alimentelor sustenabile. Aproximativ 2.000 de specii de insecte sunt folosite în dieta a aproximativ două miliarde de persoane din întreaga lume, însă mulţi consumatori din Europa vor trebui să depăşească, ceea ce Niccolo Manzoni, director la firma franceză Five Seasons Ventures, numeşte "ick factor" (senzaţie de repulsie n.r.
Persons: Cargill, Helene, Andrea Germini, Niccolo Organizations: UE, Five, Ventures Locations: SA, EFSA.Europa, Finlanda, Belgia, Olanda, Europa, numeşte
Primul om care a primit Premiul Nobel pentru Pace a fost fondatorul Crucii Roșii, elvețianul Henri Dunant în 1901. Din 1901, premiul a fost acordat unui număr total de 213 de cercetători, dintre care doar trei au fost femei. Mecanismul a fost numit Crispr/Cas9 și a fost supranumit „foarfecele genetic”. Este angajată a Institutului de Medicină Howard Hughes și membră Academiei de Științe și a Academiei de Medicină din SUA. Din 1901, premiul a fost acordat, în total, de 111 ori, iar 184 de oameni de știință au devenit laureați ai acestuia.
Persons: Nobel, Pace, Antonio, PAM, SUA Dwight D . Eisenhower, Henri Dunant, Theodore Roosevelt, Martin Luther King, german Willie Brandt, SUA Henry Kissinger, Teresa, SUA Barack Obama, Roger Penrose, Reinhard Genzel, Andrea Ghez, Max Planck, . Penrose, Albert Einstein, Sir Roger Penrose, Stephen Hawking, Wilhelm, Nielson Bohr, Marie Curie, Pierre Curie, Antoine Henri Becquerel, franceze Emmanuelle Charpentier, Jennifer Doudna, Emmanuelle Charpentier, Medicină Howard Hughes, Jacobus, van’t, Maria, Curie, Harvey J ., Michael Houghton, Charles M . Rice, virusologul Harvey J ., Chiron, Houghton, american Charles M . Rice, Louis, Emil Adolf von Bering, Ronald Ross, Robert Koch, Ivan Pavlov, Frederick Banting, John McLeod, Alexander Fleming, Ernest Chain, Howard Florey, Louise Glück, Glück, Anders Ohlsson, Sarah Lawrence, Rudyard Kipling, Doris Lessing, Bob Dylan ., Svetlana Aleksievici, Paul R ., Robert B . Wilson, Stanford . Robert B . Wilson, Paul R . Milgrom, Milgrom, Wilson, Alfred Nobel, Jan Tinbergen, Ragnar Frisch Organizations: Universitatea din, Națiunilor Unite, ONU, Organizația, Organizația ONU, Crucii Roșii, Regale, franceze, Science, Academiei, Științe, Academiei Naționale, Medicină, Academiei de Științe, Academiei de Medicină, maimuțelor, Universitatea St, Organizației Mondiale a Sănătății, Academia Suedeză, Nobel, Academia suedeză, Universității Columbia ., Academiei Americane, Academiei Poeților, Universitatea Yale ., Universitatea Stanford, Stanford ., Universității Harvard, Stanford Business School, Banca Centrală, Academiei Regale Locations: Stockholm, Universitatea din Oslo, Roma, ONU, Republica Democrată Congo, Nigeriei, Sudanul de Sud, Siria, Yemen, german, SUA, Universitatea din Oxford, Germania, Universitatea din California, Berkeley, Los Angeles, Regatului Unit, Franța, Olanda, Universitatea din Alberta, Canada, american, Washington, americană, New York, maghiară, Yale, Boston, Iowa, engleză
La Stockholm, ceremonia de premiere pentru câștigătorii Premiului Nobel și banchetul de gală de la primărie au fost anulate. Emmanuelle Charpentier (51 ani) și Jennifer Doudna (56 de ani) sunt a șasea și respectiv a șaptea câștigătoare ale Premiului Nobel pentru Chimie din istorie. Mecanismul a fost numit Crispr/Cas9 și a fost supranumit „foarfecele genetic”. Este angajată a Institutului de Medicină Howard Hughes și membră Academiei de Științe și a Academiei de Medicină din SUA. Premiul Nobel pentru MedicinăPremiul Nobel pentru Medicină le-a revenit în 2020 cercetătorilor Harvey J.
Persons: Nobel, Pace, Antonio, PAM, SUA Dwight D . Eisenhower, Henri Dunant, Theodore Roosevelt, Martin Luther King, german Willie Brandt, SUA Henry Kissinger, Teresa, SUA Barack Obama, Roger Penrose, Reinhard Genzel, Andrea Ghez, Max Planck, . Penrose, Albert Einstein, Sir Roger Penrose, Stephen Hawking, Wilhelm, Nielson Bohr, Marie Curie, Pierre Curie, Antoine Henri Becquerel, franceze Emmanuelle Charpentier, Jennifer Doudna, Emmanuelle Charpentier, Medicină Howard Hughes, Jacobus, van’t, Maria, Curie, Harvey J ., Michael Houghton, Charles M . Rice, virusologul Harvey J ., Chiron, Houghton, american Charles M . Rice, Louis, Emil Adolf von Bering, Ronald Ross, Robert Koch, Ivan Pavlov, Frederick Banting, John McLeod, Alexander Fleming, Ernest Chain, Howard Florey, Louise Glück, Glück, Anders Ohlsson, Sarah Lawrence, Rudyard Kipling, Doris Lessing, Bob Dylan ., Svetlana Aleksievici, Paul R ., Robert B . Wilson, Stanford . Robert B . Wilson, Paul R . Milgrom, Milgrom, Wilson, Alfred Nobel, Jan Tinbergen, Ragnar Frisch Organizations: Universitatea din, Națiunilor Unite, ONU, Organizația, Organizația ONU, Crucii Roșii, Regale, franceze, Science, Academiei, Științe, Academiei Naționale, Medicină, Academiei de Științe, Academiei de Medicină, maimuțelor, Universitatea St, Organizației Mondiale a Sănătății, Academia Suedeză, Nobel, Academia suedeză, Universității Columbia ., Academiei Americane, Academiei Poeților, Universitatea Yale ., Universitatea Stanford, Stanford ., Universității Harvard, Stanford Business School, Banca Centrală, Academiei Regale Locations: Stockholm, Universitatea din Oslo, Roma, ONU, Republica Democrată Congo, Nigeriei, Sudanul de Sud, Siria, Yemen, german, SUA, Universitatea din Oxford, Germania, Universitatea din California, Berkeley, Los Angeles, Regatului Unit, Franța, Olanda, Universitatea din Alberta, Canada, american, Washington, americană, New York, maghiară, Yale, Boston, Iowa, engleză
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