Estée Lauder's Board Plans to Keep Its Longtime CEO
Fabrizio Freda is expected to remain in the top job at the beauty giant despite its sagging performance and division in the founding family over direction. Source link
Month: June 2024
NBA Nears $76 Billion TV Deal, a Defining Moment for Media and Sports
The league is closing in on deals with NBC, ESPN and Amazon that would bring in about $76 billion in media revenue over 11 years. Source link
Europe Earnings Season Beats Expectations, With Recovery in Sight
European companies showed tentative signs of an earnings recovery in the first quarter, leaving investors wondering if the region has turned a corner as it braces for a shift in monetary policy. Source link
Pen expands into Ireland with Wrightway Underwriting
Pen Underwriting has bought Republic of Ireland-based managing general agent Wrightway Underwriting establishing its first on-the-ground presence in the country. Set up in 1999, Wrightway has a nationwide network of more than 200 broker partners with a 40-strong team generating over €40m (£34m) of gross written premium. Based in Wexford, Wrightway specialises in motor and liability … Read more
TSMC-Backed Vanguard Plans $7.8 Billion JV to Build Chip Plant
Vanguard International Semiconductor and NXP plan to build a plant in Singapore as chip makers seek to diversify their manufacturing bases. Source link