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Ferretti to Make Acquisition This Year

Ferretti Group is planning to make an acquisition this year as part of its strategy to expand its operations and improve efficiency. The Italian yacht manufacturer has been exploring various options, including the potential purchase of a brand, yard, or other asset. The company's CEO has confirmed that there are three different files on the table, but no further details have been disclosed.

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Versace Deal Nears, Prada Takes Final Step Δ1.74

Prada is moving closer to a deal to buy Versace from upmarket fashion group Capri Holdings after agreeing to a price of nearly 1.5 billion euros ($1.6 billion), Bloomberg News reported on Sunday. The Italian luxury group has gained significant value in recent years, with Prada's stock price rising by over 50% in the past year alone. If successful, the deal would mark a major turnaround for Versace, which has struggled to regain its former glory since being acquired by Capri Holdings in 2018.

PRADA TAKES AIM at VERSACE DEAL Worth Up to €1.5 Billion Δ1.73

Prada SpA is moving closer to a deal to buy Versace from Capri Holdings Ltd. after agreeing to a price of nearly €1.5 billion ($1.6 billion), according to people familiar with the matter. The deal would mark a reversal of the trend in Italian fashion, allowing Prada to create a larger Italian player to better compete with global luxury groups. If completed, the acquisition would be a significant move for Prada, which has emerged as one of the luxury sector's winners amid a global downturn.

Prada Profit Surges, Declines to Comment on Possible Versace Bid Δ1.72

Prada's reported 21% growth in operating profit last year, in line with analysts' forecasts, amid speculation about a potential acquisition of smaller rival Versace. The group's net revenues reached 5.43 billion euros ($5.72 billion) in 2024, exceeding expectations and defying the slowdown in luxury demand. Prada's cautious approach to discussing its interests in Versace suggests that the company is biding its time before making a move.

Norwegian to Buy 10 Leased Boeing Aircraft Δ1.71

Norwegian's acquisition of its own leased fleet is expected to bring short-term cost savings and long-term flexibility in fleet planning, as the airline seeks to reduce its reliance on external financing. The deal is part of Norwegian's broader efforts to improve its financial stability and competitiveness in the budget airline market. By taking control of its aircraft lease, the carrier aims to increase its pricing power and negotiate better deals with leasing companies.

Saudi Aramco Exploring Initial Bid for BP's Castrol Unit, Source Says Δ1.71

Saudi Aramco is in the early stages of considering a potential bid for BP's lubricant business Castrol, according to a person with knowledge of the matter. The Saudi oil giant's interest comes as BP reviews its Castrol business, aiming to generate $20 billion in divestments by 2027. A successful acquisition could help Aramco expand its presence in the global lubricants market.

Rolls-Royce Reaches New Heights Amid Transformation Progress Δ1.71

Rolls-Royce has posted stronger-than-expected full-year earnings and upgraded its mid-term guidance, reflecting significant transformation progress since new CEO Tufan Erginbilgic took the reins in January 2023. The company's robust delivery in 2023 and 2024 enabled it to meet its mid-term targets two years ahead of schedule. With a strong outlook, Rolls-Royce declared a £1 billion share buyback, reinforcing its commitment to long-term growth.

Air France Ceo Says Ready to Bid for Portugal's Tap Δ1.71

The CEO of Air France-KLM has announced that the airline is prepared to submit a proposal for Portugal's flag carrier TAP, with plans to invest in local economy and enhance connectivity. This move comes as other airlines such as Lufthansa and IAG have already expressed interest in acquiring the airline. The French government has set a target of completing the privatisation process by this year.

Business News Roundup Faces Financial Dilemmas, Regulatory Challenges, and Competitive Pressures Δ1.71

Consumer Reports has released its list of the 10 best new cars to buy in 2025, highlighting vehicles with strong road test scores and safety features. The announcement comes as Eli Lilly & Co. is expanding its distribution of weight-loss drug Zepbound at lower prices, while Target is scaling back its DEI efforts amidst declining store visits. Meanwhile, Costco's luxury goods segment continues to grow, and Apple has secured President Trump's backing for its new investment plan.

Shell Mulls Sale of European, US Chemicals Assets, WSJ Reports Δ1.69

Shell is considering a potential sale of its chemicals assets in Europe and the United States, as it aims to simplify its operations and focus on its core businesses. The energy group has hired Morgan Stanley to conduct a strategic review of its chemicals operations, which are expected to be significantly impacted by lower seasonal demand. Shell's trading in its chemicals and oil products division is expected to decline quarter-on-quarter due to reduced seasonal demand.

European Auto Stocks Jump on Trump Tariff Pause as Stellantis Pledges 'More American Cars' Δ1.69

European automakers experienced a surge in their stock prices following U.S. President Donald Trump's decision to suspend new tariffs on car imports from Canada and Mexico for one month. Stellantis, the parent company of Chrysler and Fiat, expressed its commitment to increasing American-made vehicle production in response to the tariff reprieve, aligning with the administration's "America First" policy. However, analysts warn that ongoing supply chain challenges and the potential for future tariffs could lead to increased costs for consumers and significant revenue loss for automakers.

Rise of Founder Control in Beauty Industry Hits Record High as Mid-Term Goals Raised Δ1.69

Rolls-Royce's mid-term targets have been lifted to reflect its confidence in future profit growth after a plan to improve engines and cut costs helped its results beat expectations, pushing its shares up 15% on Thursday. The company's CEO described it as a "burning platform" in need of a fundamental turnaround. Rolls-Royce has announced a dividend of 6 pence per share and launched a 1 billion pound share buyback.

Seven & I in Talks with Couche-Tard over Store Sales for Merger Deal Δ1.69

Seven & i Holdings has initiated discussions with Alimentation Couche-Tard over a potential store sale plan that would pave the way for Couche-Tard's $47 billion takeover bid. The proposed divestiture process would involve mapping out the viability of selling off U.S. stores, with potential buyers identified and assessed. If successful, this could provide regulatory approval for Couche-Tard to complete its acquisition of Seven & i Holdings.

Shareholder Pushes Seven & I to Engage With Couche-Tard Δ1.68

A shareholder in Japan’s Seven & i Holdings Co. is urging the company to more thoroughly engage with Alimentation Couche-Tard regarding its $47.5 billion acquisition proposal. Artisan Partners Asset Management has raised concerns about potential conflicts of interest within the board, particularly relating to the role of CEO Stephen Dacus in handling the bid. This pressure comes as Seven & i undertakes significant restructuring efforts aimed at unlocking shareholder value while resisting Couche-Tard's offer.

China's Full Truck Alliance Eyes Hong Kong Listing, Strong 2025 Growth, Says Executive Δ1.68

FTA is open to revisiting plans for a second listing in Hong Kong amid renewed investor interest and escalating Sino-U.S. geopolitical tensions, which could provide much-needed capital and restore confidence in the company. The company reported strong earnings for 2024, driven by increasing digital adoption, with CFO Simon Cai expecting another strong performance in 2025. FTA is also boosting its investment in AI and plans to deploy a nationwide AI-led system to increase order fulfillment rates.

Xiaomi Gears Up to Enter Its Luxury Car Era with SU7 Ultra Successor Δ1.68

Xiaomi is positioning itself to transition into the luxury car market, fueled by the unexpected success of its SU7 Ultra electric vehicle (EV), which exceeded initial sales forecasts with over 10,000 reservations shortly after launch. The company plans to expand its lineup with more premium models, potentially including hybrid options, while CEO Lei Jun hints at even higher-priced vehicles in the pipeline. This strategic shift reflects Xiaomi's ambition to enhance its brand image and compete with established luxury automotive brands.

Trump Plans Executive Order to Strengthen US Shipbuilding, Blunt China Domination Δ1.68

The U.S. plans to reduce China's grip on the $150 billion global ocean shipping industry through a combination of fees on imports and tax credits for domestic shipbuilding. President Donald Trump is drafting an executive order to establish a Maritime Security Trust Fund as a dedicated funding source for shipbuilding incentives. The initiative aims to strengthen the maritime industrial base and replenish American maritime capacity and power.

Trump to Create Office of Shipbuilding, Offer Tax Incentives Δ1.68

The Trump administration is taking steps to revive U.S. shipbuilding by creating an office of shipbuilding in the White House and offering new tax incentives for the sector. The move comes amid growing concerns about China's dominance of the global maritime industry and the need to support American shipbuilding. By reviving the industry, the U.S. aims to reduce its reliance on foreign countries for naval vessels.

Japan's Seven & I Names New CEO, Announces Restructuring Δ1.68

Seven & i Holdings has appointed a new CEO and announced plans to restructure its business in response to a $47 billion foreign takeover bid. The company will buy back about 2 trillion yen ($13.4 billion) worth of shares through fiscal year 2030, and pursue a listing of its North American convenience store subsidiary by the second half of 2026. Additionally, Seven & i has agreed to sell its superstore unit to Bain Capital for 814.7 billion yen.

Piaggio Posts Record Margin Despite 'Anomalous' Economy Δ1.68

Italy's Piaggio Group, known for its Vespa scooters, reported a record annual core profit margin of 16.9%, attributed to effective productivity management amidst a challenging economic landscape. This achievement comes despite a 12% decline in EBITDA, which amounted to 286.7 million euros, indicating a complex balancing act between profitability and operational challenges. Looking ahead, CEO Michele Colaninno anticipates a more favorable environment in 2025, suggesting a cautious optimism for the company's trajectory.

Chinese AI Firm iFlyTek Eyes Europe Expansion as US Trade War Heats Up Δ1.68

iFlyTek, a Chinese artificial intelligence firm, is planning to expand its European business as trade tensions rise between the United States and China. The company aims to diversify its supply chain to reduce any impact from tariffs while working to expand its business in countries such as France, Hungary, Spain, and Italy. iFlyTek's expansion plans come after it was placed on a U.S. trade blacklist in 2019, barring the company from buying components from U.S. companies without Washington's approval.

PGA Tour Looking to 'Reunify the Game' With $1.5 Billion LIV Golf Deal, Commissioner Says Δ1.68

The PGA Tour is making a significant investment in an effort to reunify the golfing world, as a deal with Saudi Arabia-backed LIV Golf could potentially bring back some of the top players who have defected to the rival league. The proposed $1.5 billion deal would not only address the talent drain but also help to revitalize the game by increasing purses and offering more competitive opportunities for golfers. This move is a response to the growing influence of LIV Golf, which has disrupted the traditional golf landscape with its lucrative offers and innovative approach.

AI Stock to Buy Hand Over Fist Before It Surges by 60%, According to 1 Wall Street Analyst Δ1.68

Palantir Technologies has received a new, record-high price target from Loop Capital Markets, with analyst Rob Sanderson predicting the stock will surge by 60% in the next 12 months. Despite concerns over valuation, Sanderson believes Palantir's long-term narrative and potential for growth justify the investment. The company's unique data analytics capabilities and growing adoption in the enterprise market position it for significant future success.

Trump Tariff Policy an Attack on Eu Industry and Jobs, Italy's Business Lobby Says Δ1.68

The EU would react "firmly and immediately" to Trump's proposed tariffs, threatening to cut its growth by half a percentage point, with Germany and Italy hardest hit. The bloc's companies and workforce would be undermined by the tariffs, which would require a strong response from Brussels. Industry Minister Adolfo Urso urged unity among western allies to avoid a trade war.

Beauty Industry Shakeup as Huda Beauty Sells KAYALI to Co-Founder and General Atlantic Δ1.68

Huda Beauty has announced the sale of its fragrance brand KAYALI to co-founder Mona Kattan and private equity firm General Atlantic, allowing the beauty company to buy back a stake previously held by TSG Consumer Partners. Founded in 2018 by Huda Kattan and her sisters, Huda Beauty has gained significant social media traction, positioning itself ahead of competitors in the beauty industry. The restructuring aims to restore full founder ownership and maintain KAYALI's independence under Kattan's leadership.

Shell Exploring Sale of Chemicals Assets in US, Europe, WSJ Says Δ1.68

Shell is considering the sale of its chemicals assets in the US and Europe as part of a strategy to refocus on more profitable operations. The move aims to diversify Shell's portfolio and increase returns for shareholders. This decision could have significant implications for the energy sector.