Luxury fashion house Prada has announced its acquisition of Versace in a €1.25 billion deal, bringing together two of Italy’s most renowned brands. The purchase includes 100% of Versace, previously owned by Capri Holdings, which acquired the company in 2018 for €2 billion. Versace, founded in 1978 by Gianni Versace, is known for its bold designs and distinctive patterns. Donatella Versace, who has led the brand since 1997,...

Google has announced a 71% discount on its Workspace business software for U.S. federal agencies, aiming to expand its presence in government contracts and compete with Microsoft’s dominance. The agreement, established with the General Services Administration (GSA), could result in up to $2 billion in cost savings if widely adopted. The move aligns with cost-cutting initiatives within the U.S. government, designed to streamline federal spending. Unlike previous agreements...

Apple supplier Luxshare is exploring options to shift some manufacturing outside of China, potentially to the United States, in response to ongoing tariff pressures. Despite these trade barriers, the company maintains that its profitability remains largely unaffected, as only a small portion of its finished goods are exported to the U.S. Luxshare currently operates facilities across China, Malaysia, Thailand, Vietnam, and the United States, handling assembly for select...

Amazon has shifted its cargo operations, prioritizing larger aircraft and streamlining routes in response to evolving logistics demands. The company has reduced short-haul flights in favor of a hub-and-spoke model, focusing on more efficient long-haul routes. In Europe, Amazon Air has scaled back its operations significantly, moving away from a centralized hub model to point-to-point flying, with flights concentrated in northern Europe. The airline now operates 12 daily...