Fashion
Shein Fined 40 Million Euros for Fake Discounts by French Competition Authority
PARIS – France is continuing to take aim at Shein, this time from another angle. The ultra-fast fashion giant has been fined a record 40…
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Euros
Fashion
France fines retailer Shein 40 million euros for misleading discounts
A probe of thousands of products on Shein’s French site finds 57% of advertised discounts do not actually offer lower prices France’s…
Business
Stoneweg European Business Trust invests 50 million euros in fund with early-stage data centre sites
The manager of Stoneweg European Business Trust (Sert) announced on Tuesday (Jun 24) that the stapled trust has made a 50 million euros…
Business
Netflix to invest 1 billion euros in Spain productions to 2029
streaming giant Netflix said on Tuesday (Jun 10) it was going to invest more than 1 billion euros (S$1.47 billion) in productions in…
Business
Sats proposes sale of 49% stake in holding company to Swiss airline caterer for 4.2 million euros
The disposal is consistent with its capital recycling and reallocation strategy, the ground handler says Ground handler Sats is proposing…
Business
Exxon enters talks to sell French business for 400 million euros
ExxonMobil entered exclusive talks to sell its entire 82.89 per cent stake in French unit Esso SAF, including a key refinery, to North…
Business
LVMH-backed Biotech Firm Sparxell Secures 1.9M Euros in Funding
LONDON— Sparxell, a Cambridge-based plant-based colorant start-up, has secured 1.9 million euros in funding from the European Innovation…
Business
BMW to buy back more shares worth up to 2 billion euros
is buying back as much as 2 billion euros (S$2.9 billion) of stock starting this month. The carmaker’s management board approved the…
Business
TikTok fined 530 million euros in EU over China data transfer
TikTok was hit with a massive EU fine of 530 million euros (S$779 million) on Friday (May 2), accused of sending personal data of…
News
Apple fined 500 million euros and Meta 200 million euros for breach of EU law
Apple was fined 500 million euros (S$747.6 million) on Wednesday (Apr 23) and Meta 200 million euros, as European Union antitrust…
Business
Moncler Group Q1 Revenue Up 1% to 829M Euros, Driven by DTC Growth and Asian Market Strength
MILAN — Moncler Group first-quarter revenue beat expectations rising 1 percent to 829 million euros, compared with 818 million euros in…
Culture
Hannah Hampton ahead of Mary Earps in England goalkeeper battle for Women's Euros
You only have to look at Earps' individual accolades to appreciate her quality as a goalkeeper. A two-time Fifa women's goalkeeper of the…
Business
French Fintech Grace Raises 5.9 Million Euros for Its Luxury Good Theft and Loss Coverage Solution
PARIS — Grace, a French fintech start-up offering coverage solutions for theft or loss of luxury goods, announced Thursday it had raised…
News
Porsche, Mercedes face 3.4 billion euros hit from Trump auto tariffs
To offset the impact, manufacturers may have to raise prices or shift more production to the US Porsche and Mercedes-Benz Group will be…
Business
Siemens set to raise 1.4 billion euros in Healthineers stake sale
SIEMENS is likely to raise about 1.4 billion euros (S$2 billion) from the sale of a roughly 2.3 per cent stake in Siemens Healthineers,…
Business
Keppel DC Reit divests German data centre for 50 million euros
KEPPEL DC Reit is divesting Kelsterbach Data Centre in Frankfurt, Germany, for 50 million euros (S$70.6 million). On Monday (Feb 17), the…
Business
Moncler Group’s 2024 Revenues Surpass 3B Euros
MILAN — Moncler Group closed 2024 with quite a series of achievements, surpassing sales of 3.1 billion euros, seeing growth in China as…
Business
Nanofilm acquires 2 German companies for 3.1 million euros
The proposed acquisition aims to accelerate the group’s business expansion in Europe NANOFILM Technologies’ wholly owned subsidiary,…
Business
Brookfield to spend 20 billion euros on France’s AI infrastructure
BROOKFIELD Asset Management plans to invest 20 billion euros (S$28 billion) to develop data centres and artificial intelligence (AI)…
News
Auction of Karl Lagerfeld Memorabilia Yields 1.1M Euros
LAGERFELD FOREVER: “The magic of Karl Lagerfeld remains very much alive,” Pierre Mothes, vice president of Sotheby’s Paris, declared…
Business
Mapletree Investments acquires logistics assets in UK, Spain for 315.1 million euros
REAL estate giant Mapletree Investments has acquired its first logistics property in the UK and 10 warehouses in Spain for a total of…
Business
Tesla poised for 1 billion euros windfall from EU’s emissions curbs
TESLA could collect more than 1 billion euros (S$1.4 billion) in compensation from rival automakers that need help meeting tougher…
Business
Italy probes CK Hutchison unit on tax in 3.4 billion euros asset sale
CK HUTCHISON’s Italian telecommunications unit is the target of a probe alleging that it evaded taxes during a 3.4 billion euros (S$4.8…
Business
Cromwell E-Reit divests 2 office assets in Italy for 20.9 million euros
This increases the Reit’s exposure to the logistics and light industrial sector Cromwell European Real Estate Investment Trust (Cromwell…