Business & Economy

Adidas has successfully defended itself against an appeal from shareholders who alleged the company concealed damaging information about its long-running partnership with rapper and entrepreneur Kanye West—also known as Ye—before the relationship abruptly collapsed in 2022. The ruling, issued by the 9th US Circuit Court of Appeals in San Francisco, found that the company did … Read more

In a major shake-up for the global fashion industry, Prada has confirmed the acquisition of Versace a landmark move that unites two of Italy’s most iconic luxury houses under the same corporate umbrella. The purchase price, $1.38bn (£1.04bn), represents a steep markdown from the nearly $2bn that Capri Holdings paid in 2018, marking a dramatic … Read more