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☆ Embattled fashion house Burberry reveals massive overhaul sending shares to an all-time high
▼ + stars: | 2024-11-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

Analysts responded positively to the news, pointing to a potential "turning point" for the embattled brand. The plans were delivered alongside Burberry's 2024 interim results, which saw sales fall 20% for the second consecutive quarter. A 'turning point' for embattled BurberryThe underperformance comes amid a wider slowdown in the luxury sector, with the personal luxury goods market set to contract 2% this year. Mamta Valechha, consumer discretionary analyst at Quilter Cheviot, described it as a "turning point in what has been a very difficult period." Pedestrians walk past the window display of the store of British fashion label Burberry, in central London, on September 2, 2024.

Persons: Kevin Lee, Schulman, Joshua Schulman, Michael Kors, Burberry, Burberry Schulman, Burberry's, Piral Dadhania, Dadhania, Mamta, Cheviot, Henry Nicholls Organizations: Getty, Burberry, RBC Capital Markets, Afp Locations: Shanghai, London

☆ Virginia man arrested on suspicion of 'concealment of dead body' weeks after wife's disappearance
▼ + stars: | 2024-08-23 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com time to read: +2 min

A man has been arrested on suspicion of concealing a dead body four weeks after his wife went missing, authorities in Virginia said Thursday. Manassas Park Police Chief Mario Luge confirmed in a statement that Naresh Bhatt was arrested on the felony charge of concealment of a dead body. Authorities have not confirmed that a body has been found, just that Naresh Bhatt may have somehow concealed one. Mamta Kafle Bhatt. Naresh Bhatt is being held without bond and is due to appear in the Juvenile and Domestic Relations Court on Friday morning.

Persons: Mario, Naresh Bhatt, Mamta Kafle Bhatt, Kafle Bhatt, GoFundMe, Narash Bhatt Organizations: Manassas, Police, Department of Social Services, Authorities, Police Department, Domestic Relations Locations: Virginia, Nepal

A pair of shoes is pictured in a window of a Birkenstock footwear store in Berlin, Germany, January 21, 2021. Birkenstock is the latest high-profile listing to put investor focus on the initial public offering (IPO) market, which is gradually reopening after two relatively quiet years and a burst of activity in September. Due to recent price hikes, worldwide footwear sales are expected to rise just 2.9% over 2022, according to market research firm Euromonitor International. AllBirds (BIRD.O), Dr Martens (DOCS.L), and On Running (ONON.N) have all seen their market value fall since their IPOs in 2021. "When you look at the trend of other shoe companies that have IPO-ed, it doesn't give a great outlook for Birkenstock," Valechha said.

Persons: Fabrizio Bensch, Birkenstock, Kellogg, Mamta, Cheviot, Valechha, Johann Adam Birkenstock, Barbie, Margot Robbie, Jessica Ramirez, Jane Hali, Siobhan Gehin, Roland Berger, Thomas Hayes, sneaker, Dr Martens, Allbirds, Alexandre Arnault, LVMH, Bernard Arnault, Matt Oguz, Iris, L, Ananya Mariam Rajesh, Helen Reid, Emma, Victoria Farr, Echo Wang, Abigail Summerville, Deepa Babington Organizations: REUTERS, LVMH, New York Stock Exchange, Euromonitor, Associates, Dick's Sporting, Reuters, Partners, Norges Bank Investment Management, Thomson Locations: Berlin, Germany, New York, London, Neustadt, United States, U.S, Cannes, Silicon Valley

☆ Coastal areas of India's Gujarat state return to normalcy after cyclone
▼ + stars: | 2023-06-17 | by ( Sumit Khanna | ) www.reuters.com time to read: +2 min

AHMEDABAD, June 17 (Reuters) - Some 1,500 villages were still without electricity in India's western state of Gujarat, officials said on Saturday, as coastal areas recovered from the impact of this week's cyclone Biparjoy. In many villages, power had been cut off as a precautionary measure to avert any dangerous incidents during the storm, Gujarat Energy Secretary Mamta Verma told Reuters. A drone view shows dark clouds over Mandvi beach before the arrival of cyclone Biparjoy in the western state of Gujarat, India, June 15, 2023. More than 700 homes in the eight coastal districts of Gujarat suffered full or partial damage, according to the state government. Authorities in India and neighbouring Pakistan evacuated more than 180,000 people from vulnerable areas as the cyclone approached.

Persons: Mamta Verma, Port, Francis Mascarenhas, Kamal Dayani, Swati Bhat, Frances Kerry Organizations: Gujarat Energy, Reuters, REUTERS, Authorities, Thomson Locations: AHMEDABAD, Gujarat, Saurashtra, Kutch, Mundra, India, Pakistan

☆ Bollywood film on Islamic State recruits sparks debate in India
▼ + stars: | 2023-05-09 | by ( Shilpa Jamkhandikar | ) www.reuters.com time to read: +2 min

MUMBAI, May 9 (Reuters) - A low-budget Bollywood film about young women recruited by the Islamic State has stirred up passionate debate, helping to make it an instant box-office hit in India. "The Kerala Story," set in the coastal southern state of the same name, follows three women who are indoctrinated, converted and sent to IS camps. Prime Minister Narendra Modi praised the film by director Sudipto Sen, saying it showed the consequences of terrorism. Uttar Pradesh and Madhya Pradesh, two states ruled by his Bharatiya Janata Party, have exempted the film from state taxes, making tickets cheaper. However, the Kerala High Court has refused to impose a ban in the state where the film is set, saying it was "inspired by true events."

☆ Woman with a rare brain disease says doctors repeatedly dismissed her condition, blaming it on mental illness
▼ + stars: | 2022-11-17 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +9 min

She has since been diagnosed with Moyamoya disease, a rare brain condition that affects fewer than 1 in 100,000 people. However, she said the earlier opinion caused a substantial delay in her Moyamoya diagnosis, adding: "everywhere I went, it followed me first. Moyamoya disease is caused by a narrowing of blood vessels in the brain. However, he noted that, in general, that a condition is rare is no excuse for dismissing a patient's symptoms. Still struggling to access careIn spite of her Moyamoya disease diagnosis, Simpson says she's still struggling to access support.

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