Venkatraman Sheshashayee: Sixty is the New Assassin

Prada is in advanced talks to acquire Versace from Capri Holdings for around €1.5 billion, potentially combining two iconic Italian luxury fashion brands. The negotiations have been prolonged due to Capri's initial asking price of €3 billion and interest from other buyers, but a deal could be finalized soon. Prada, Italy's largest luxury fashion group, is open to acquisitions as it prepares for a generational shift, with the potential purchase of Versace adding a different...

South Korean flagship line HMM continues its expansion with the purchase of the 2014-built newcastlemax Oriental Dragon from Hebei Ocean Shipping Co for $49.2m, following previous acquisitions like the Global Enterprise and potential bids for SK Shipping's assets. Imabari Senpaku and Valhal Shipping are also parting with capesize vessels for $31m and $29.9m, respectively, as HMM aims to significantly increase its container, tanker, and dry bulk fleets by 2030 with a massive investment of KRW23.5trn....

Stagwell reported a strong performance in Q4 2024 with a 10% organic net revenue increase, totaling $629.6 million, and a net income of $15.8 million, down from the previous year. Despite a full-year net revenue increase of 5.2% to $2.3 billion, net income decreased to $25 million. The company's chairman and CEO, Mark Penn, highlighted 2024 as a breakthrough year, mentioning significant acquisitions, client wins, and leadership changes within their PR agencies. Full Article

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In today's fast-paced technological world, the author reflects on the need to balance speed and sustainability in their career and life. Initially driven by quick wins and the pressure to keep up with the corporate world's pace, they realized the importance of slowing down to consider long-term impacts and achieve more meaningful success. By blending speed with sustainability, focusing on reflection and adaptation, and committing to a balanced approach, they have been able to achieve...

French travel blogger Pierre-emile Biot visited North Korea as one of the first Western tourists in five years, revealing that the country's soldiers were involved in Russia's war against Ukraine. The tour showcased North Korea's culture and close ties with Russia, with visitors restricted to the Rason Special Economic Zone. The tightly controlled trip included visits to various sites, limited internet access, and an emphasis on North Korea's historical relationship with Moscow. Full Article