Prada has agreed to acquire Versace for €1.25 billion (£1.1 billion), bringing together two of Italy’s most iconic fashion houses. The Milan-based group will purchase 100% of Versace from Capri Holdings, the parent company of Michael Kors and Jimmy Choo. The transaction, funded through €1.5 billion (£1.3 billion) in new debt—including a €1 billion (£860 […]
The glorified world of luxury goods is facing an unexpected challenge originating not from traditional competitors, but from within its own supply chain. A surge of viral content from China is pulling back the velvet curtain on the manufacturing origins of some of the world’s most prestigious brands, igniting what could be termed a “luxury […]
India’s steel industry must secure annual investments [1] between ₹150,000 to ₹200,000 crore over the next two decades to scale production capacity from 200 million tonnes to 500 million tonnes by 2047, according to Jayant Acharya, Joint MD & CEO of JSW Steel. He stressed that this unprecedented financial commitment is essential to support rising […]
India’s coking coal imports [1] are expected to accelerate as the country ramps up steel production capacity, Steel Secretary Sandeep Poundrik said on Friday, citing limited domestic availability of the key steelmaking ingredient. The country’s coking coal imports, currently at approximately 58 million tons, are projected to rise to 160 million tons by 2030. This […]
In the first quarter of 2025, recycled steel observed three months of increasing prices. However, during the April purchasing period, U.S. steel mills paid $19 to $51 less per ton for benchmark grades compared to previous levels. According to transaction data compiled by MSA Inc.’s Raw Material Data Aggregation Service (RMDAS) in Pittsburgh, prices declined across […]
Despite volatility in global zinc prices driven by uncertainty over U.S. tariffs, Hindustan Zinc anticipates strong growth in fiscal 2026, a top company executive said to Reuters on Friday. The outlook follows the miner’s report of a significant rise in quarterly profit. CFO Sandeep Modi said that the Zinc prices have fluctuated between $2,500 and […]
