News
Volkswagen will cut 50, 000 jobs
14+ hour, 19+ min ago (281+ words) Volkswagen CEO Oliver Blume made this statement while speaking at the company's annual shareholders' meeting, according to Investing. com. According to him, the situation for the automaker remains "tense and challenging," and operating conditions in the industry in 2026 turned out…...
Exotic Leather: The Luxury Market Between Demand and Ethics
14+ hour, 19+ min ago (266+ words) The production of crocodile leather remains a key focus of the industry. Obtaining premium-quality material requires a lengthy cycle of animal rearing, hide processing, and strict quality control. According to market participants, only a small portion of the hides meet…...
The National Bank of Moldova has issued a commemorative coin titled "Sergiu R'deu'anu100th Anniversary of His Birth
2+ day, 14+ hour ago (202+ words) This commemorative coin marks the 100th anniversary of the birth of R'deu'anu (19261998) " a world-renowned scientist, specialist in the physics and chemistry of semiconductor materials, the first rector of the Chisinau Technical University, and a full member of the Academy of Sciences…...
Puig has closed the topic of a possible sale of the company
2+ week, 3+ day ago (269+ words) Foto Angel Garcia/Bloomberg News According to him, discussions about a possible merger with Est'e Lauder did not result in a deal. However, the very fact of negotiations, he noted, confirmed Puig's high valuation in the global beauty industry market,…...
Rolex has raised prices on its gold watches for the second time this year
3+ day, 14+ hour ago (248+ words) This move came as a surprise to the luxury watch market, according to Reuters. Rolex usually limits itself to one major price adjustment per year, but the current decision reflects several trends at once: the rapid rise in the price…...
De Beers Sale Nears Final Stage as Diamond Market Faces Crisis
3+ day, 3+ hour ago (336+ words) I hope this will happen in the coming weeks, not months. Negotiations are in the final stages, and we've never been this close to a sale," Cook said at the Reuters NEXT Europe conference in London. Anglo American announced its…...
The diamond market is set to split: lab-grown diamonds will lose their status
4+ day, 14+ hour ago (413+ words) logos-pres. md The diamond market is set to split: lab-grown diamonds will lose their status At the same time, requirements for the labeling and description of such products are being tightened, according to Kommersant. The weight of synthetic gemstones can…...
Galeries Lafayette has closed its flagship store in China
3+ week, 2+ day ago (325+ words) A six-story, 48, 000-square-meter shopping mall in Beijing ceased operations today, May 27. The company explained the decision by a drop in sales amid slowing consumer demand in China, Euronews reported. The closure was symbolic for the entire luxury sector. In the…...
Ferrari set a Formula 1 record for driver salaries
2+ week, 2+ day ago (230+ words) Charles Leclaire // foto: Minas Panagiotakis / Getty Images This is reported by the Dutch publication Racing News365. According to the publication, the key factor was the extension of the contract with Monegasque Charles Leclair. Financial terms of the agreement are not officially…...
Ferrari has dropped the engine roar in its new electric supercar
3+ week, 4+ day ago (259+ words) Foto Sipa / Fred de Noyelle The new four-door Luce (from Italian " "light) is capable of reaching speeds of up to 310 km/h. Its cost is estimated to exceed 500, 000 euros, which places the model in the ultra-premium segment, writes Reuters. The design…...