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The retail sector bore the brunt of the pandemic's effects, experiencing business closures and economic uncertainties. According to the World Bank report, the global economy contracted by approximately 5.2% in 2020 due to the economic disruptions brought on by the pandemic. Diminished customer foot traffic led retailers to adjust, either...

As of February 8, 2024, Dieter Schwarz was the wealthiest person in Germany, with an estimated net worth of 45.2 billion U.S. dollars, followed by Klaus-Michael Kuehne (No. 2, $33.3 billion), Reinhold Wuerth (No. 3, $28.0 billion); and Stefan Quandt (No. 4, $24.8 billion). Susanne Klatten is the fifth-richest person in...

As of February 8, 2024, Barnard Arnault was the wealthiest person in France, with an estimated net worth of 211.9 billion U.S. dollars, followed by Francoise Bettencourt (No. 2, $98.2 billion), Alain Wertheimer (No. 3, $36.1 billion); and Gerard Wertheimer (No. 4, $36.1 billion). Francois Pinault is the fifth-richest person in France, with a whopping...

As of February 8, 2024, David Thomson was the wealthiest person in Canada, with an estimated net worth of 62.2 billion U.S. dollars, followed by  Changpeng Zhao (No. 2, $15.0 billion), David Cheriton (No. 3, $12.9 billion); and Jim Pattison (No. 4, $9.7 billion). Anthony Von Mandl is the fifth-richest person...

As of February 8, 2024, Iris Fontbona was the wealthiest person in Chile, with an estimated net worth of 24.6 billion U.S. dollars, followed by Jean Salata (No. 2, $6.5 billion), Horst Paulmann (No. 3, $3.2 billion); and Julio Ponce Lerou  (No. 4, $2.2 billion). Roberto Angelini Rossi is the fifth-richest person in Chile, with...

As of February 8, 2024, Zhong Shanshan was the wealthiest person in China, with an estimated net worth of 62.6 billion U.S. dollars, followed by Colin Zheng Huang (No. 2, $45.4 billion), Zhang Yiming (No. 3, $43.4 billion); and William Ding (No. 4, $33.6 billion). Ma Huateng is the fifth-richest person in...

As of February 8, 2024, Renata Kellnerova was the wealthiest person in the Czech Republic, with an estimated net worth of 16.4 billion U.S. dollars, followed by Daniel Kretinsky (No. 2, $9.2 billion), Karel Komarek (No. 3, $8.1 billion); and Pavel Tykac (No. 4, $7.7 billion). Radovan Vitek is the fifth-richest person in...

Aston Martin, the renowned British luxury car manufacturer, is actively seeking a new CEO to steer the company through its financial difficulties. This potential move would mark the fourth change in leadership within four years for the company. The departing CEO, Amedeo Felisa, who assumed the position in May 2022,...

Zwift has announced a new round of workforce adjustments. This decision follows a previous reduction of 15% in 2023 and significant restructuring in 2022, which included the unsuccessful launch of the Tron Bike project. Leadership is also affected by these developments, as co-CEO Kurt Biedler has chosen to resign, leaving...

Fiabila has disclosed the appointment of Mr. Filippo Manucci as its incoming President and Chief Executive Officer, succeeding Mr. Pierre Miasnik, who has led the company since its inception and steered its growth for nearly five decades. The transition will take effect on March 1st, 2024. In December, private equity...