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UK retail giant Next is pivoting towards wealthier shoppers, responding to a growing trend of consumers opting for "fewer, better quality" purchases, according to CEO Lord Simon Wolfson. As the company raised its annual profit forecast to nearly $1.3 billion, it also revealed plans to cater to more affluent customers...

Bernard Arnault, once the wealthiest person in the world just six months ago, is now slipping towards fifth place in global rankings. As the founder and CEO of LVMH Moët Hennessy Louis Vuitton, the French luxury conglomerate, Arnault was valued at an estimated $231 billion in late March, putting him...

CEO Forums create a safe space for organizational leaders to be open and vulnerable with one another about their business and their lives. Rather than showcase their highlight reel (as everyone does on social media), they choose to be real – to talk about their struggles and aspirations, where confidentiality...

“The manufacturing sector is under immense pressure to innovate and modernize its operations,” according to Info-Tech Research Group, an IT service management firm. At the forefront of the innovation and modernization of the manufacturing sector is Alexander Stone, a production manager at Hod Assaf Industries Ltd., an Israeli steel fabricator....

Nassef Sawiris, Egypt’s richest man, has seen his fortune grow by $912 million in 2024 Under his leadership, OCI, the global chemical and fertilizer company, has undergone significant changes, becoming more agile and focused on strategic growth initiatives. In 2024, OCI’s shares have risen by around 8%, giving the company...

The retail and consumer sector in the Middle East continues to grapple with significant concerns over the availability of working capital, particularly in relation to more favorable payment terms, delayed receipts, and ongoing struggles within the retail industry. According to Katy Holmes, CEO of the British Chamber of Commerce Dubai,...

Two major Nevada-based gaming companies are being spotlighted in a new report criticizing excessive CEO compensation at large corporations. The “Executive Excess” report, published by the Institute for Policy Studies and Inequality.org, focused on what they refer to as the "Low-Wage 100" — the S&P 500 corporations with the lowest...

Bangladeshi entrepreneur Muhammed Aziz Khan, the Chairman of Summit Group, has been ranked as the 34th richest individual in Singapore, with a net worth of approximately $910 million as of July 25, 2024. At 63, Khan has earned his place among Singapore's elite thanks to his pioneering work in Bangladesh’s...

There is a direct correlation between the level of success a company can achieve and the quality of the relationship between the CEO and the second-in-command (2iC) (aka COO, President, VP, Director). Why? Because, the big idea, creative, inventive people who start and lead companies usually don’t have the system...

Introduction to Quantum Mechanics and Computing: Quantum mechanics, a foundational theory in physics, describes the behavior of particles at the smallest scales, where classical physics fails to provide adequate explanations. Among its many profound implications, quantum mechanics has opened the door to a revolutionary approach to computation: quantum computing. Unlike classical...