‘Been in works for long time’: Prada seals $1.51 billion Versace deal; Lorenzo Bertelli takes over as executive chairman

CNN reported that the acquisition follows an agreement reached in April, under which Prada committed to purchasing Versace for about $1.51 billion, a deal that materialised after Capri Holdings’ planned sale to Tapestry fell apart because of an antitrust challenge.Lorenzo Bertelli, the son of Prada founders Miuccia Prada and Patrizio Bertelli, is set to assume…

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SA20: Quality domestic players hold tremendous value, says Pretoria Capitals Head Coach Sourav Ganguly | Cricket News

Sourav Ganguly. (Image source: ANI) The SA20 India Day event in Mumbai featured strategic discussions with franchise leaders preparing for the upcoming season, where Pretoria Capitals’ Head Coach Sourav Ganguly emphasised hands-on team involvement while Durban’s Super Giants’ Director of Cricket Tom Moody expressed his vision for creating a lasting legacy.The leadership showcase highlighted different…

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US sanctions: Washington eases curbs on Lukoil outlets outside Russia; exemption valid till April 2026

A dispatch rider passes in front empty building of the Lukoil headquarter in Sofia, Bulgaria (Picture credit: AP) The United States has temporarily lifted some restrictions on Lukoil-branded fuel stations operating outside Russia, allowing them to continue running despite sanctions placed on the parent company. The treasury department confirmed on Thursday that these stations —…

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NPCI says programmable CBDC already live

BENGALURU: At India Blockchain Week in Bengaluru on Monday, Rahul Sanskrityayan, Specialist Consultant for Blockchain at NPCI, said the Reserve Bank of India’s programmable central bank digital currency (CBDC) is already live with participating banks and is being used by the government for targeted subsidy transfers.Sanskrityayan said programmable CBDC allows funds to be restricted for…

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