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Andrew Keith is stepping down from his position as CEO of Selfridges to explore new opportunities. Keith, who joined Selfridges in early 2021 and assumed the CEO role in June 2023, previously revitalized Hong Kong’s Lane Crawford department store. During his tenure at Selfridges, he navigated a challenging UK retail...

Bernard Arnault, CEO of LVMH, has confirmed owning a small personal stake in Richemont, the Swiss luxury goods company known for brands like Cartier and Alaïa. He clarified that this investment is separate from LVMH's corporate strategy. This announcement comes as LVMH faces challenging financial results, with a 1 percent...

PwC India has announced a partnership with Microsoft India to bolster their incident response and recovery capabilities amidst growing cyber threats. This collaboration combines PwC India’s incident management expertise with Microsoft’s cutting-edge technology to provide robust protection for enterprises. The partnership will utilize Microsoft Copilot for Security, an AI-powered security...

A significant majority of Chief Executive Officers in India are forecasting notable economic growth for the country, expecting an increase of up to 7.5% in the current financial year. This optimistic outlook comes from an exclusive Deloitte survey, which included responses from 78 CEOs and Chief Experience Officers (CXOs). The...

Julius Baer (BAER (SWX)) has announced the appointment of Stefan Bollinger as its new CEO, effective February 1, 2025, following an extensive search by the Board of Directors. Nic Dreckmann, who has been serving as the interim CEO, will step down upon Bollinger’s arrival. Stefan Bollinger shared his eagerness to...

Bulgaria is experiencing one of the fastest population declines in the world, mainly due to high death rates, low birth rates, and large numbers of people emigrating. The population is predicted to decrease by 22.5% from 6.9 million in 2020 to 5.4 million in 2050. Additionally, Bulgaria is struggling to...

Flashlight Capital Partners, a KT&G shareholder, has called for a revision of the CEO compensation plan to address the company's stock price performance. Flashlight Managing Partner Capital Sanghyun Lee criticized KT&G's former CEO for receiving substantial compensation despite a 21% decline in KT&G's stock price, while the KOSPI (The Korea...

Turkey could significantly boost its foreign direct investment (FDI) inflows if it aligns its risk indicators and regulatory framework with those of its competitors, according to YASED's FDI Competitiveness Index. YASED's projections suggest that such alignment could place Turkey among the top 10. According to YASED's FDI Competitiveness Index, Turkey...

Every business owner hopes to achieve steady, sustained growth that builds and strengthens a company over time. But when it comes to scaling a business nationwide, some want to ride the wave of growth and push for expansion as quickly as possible. Others, like Randy French, founder and CEO of...

Peru's central bank decided to keep its benchmark interest rate unchanged for the second consecutive month, focusing on persistent core inflation despite the country's fastest economic growth in over two years. On Thursday, the central bank maintained the rate at 5.75%, aligning with the predictions of 10 out of 13...