Yangzijiang Shipbuilding, China’s largest private shipbuilder, has partnered with Japan’s Tsuneishi Holdings to acquire a 34% stake in Tsuneishi Group (Zhoushan) Shipbuilding for $117m. The joint venture has previously collaborated in shipbuilding through Jiangsu Yangzi-Mitsui, enhancing their industry presence and capabilities. This strategic move strengthens their position in the shipbuilding market and fosters continued growth and innovation in the industry.
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Puma’s new boss takes helm trailing Adidas and a recovering Nike
Puma's leadership has aimed to elevate the brand's image for over two years, focusing on making its sneakers and apparel more aspirational. However, new CEO Arthur Hoeld has indicated that the brand is now perceived as cheap, suggesting a disconnect between the company's goals and public perception. Want More Context? 🔎
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