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Prarthana Prakash

Prarthana Prakash

Fortune

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As Rémy Cointreau profits slump 30% and fine tequila becomes more popular, will American rap fans help French cognac rebound?

Like other luxury products, cognac faces slumping demand. But its deep connection to pop culture has kept it on people's minds either way.

latest 3

Fortune

Prarthana Prakash

De Beers, the business that coined ‘diamonds are forever’, is pivoting to jewelry retail ahead of spinoff from Anglo American

De Beers, the company that coined the slogan “diamonds are forever,” wants to make a splash in retail to compete with the likes of Tiffany and...

yesterday 3

Fortune

Prarthana Prakash

U.K. teachers, who feel like they're ‘severely underpaid,’ are spending their own money to help students, study finds

Students' conditions have deteriorated, leaving them unable to meet basic well-being needs owing to the cost of living crisis.

yesterday 10

Fortune

Prarthana Prakash

As France braces for 15 million Olympics visitors, its ‘dengue detectives’ are hunting for tiger mosquitoes to prevent an outbreak

The so-called detectives will track down disease hotspots, seek out mosquito eggs, and help curb the spread of the virus in French cities.

yesterday 30

Fortune

Prarthana Prakash

The world's wealthy need to pay up to address the climate crisis, says the top expert behind the Paris Agreement

Decarbonizing isn't cheap or easy, but the wealthy are responsible for the bulk of the emissions—can we actually hold them accountable?

previous day 10

Fortune

Prarthana Prakash

As Shein’s IPO approaches, what will it mean for the ultra-cheap online retailer and for London?

Shein turned to London when its IPO prospects in New York started to look tricky. Now, it promises to be one of London's biggest IPOs in recent...

previous day 10

Fortune

Prarthana Prakash

As the world’s population ages, baby food pioneer Nestlé wants to cash in a new growth market—the elderly

Nestlé CEO Mark Schneider sees a "bigger demographic opportunity" in the middle-aged and older population compared to infants.

monday 20

Fortune

Prarthana Prakash

Snouts, muddy puddles and British accents: How Peppa Pig became a global cultural phenomenon—and a $1.7 billion business franchise

The staying power of the animated show about a family of pigs—going 20 years strong—has made it one of Britain’s most significant cultural...

01.06.2024 20

Fortune

Prarthana Prakash

The British publisher behind the 'Harry Potter' series had record sales and profits last year, proving physical books and loyal fans can still make big money

Bloomsbury has build a strong base of authors and fans, and a diversified business outside mass-market book publishing that's helping it beat its own...

30.05.2024 30

Fortune

Prarthana Prakash

European budget airline Wizz Air CEO defends his $127 million pay-out as it will help everyone—including its employees

Various factors affect CEO remuneration—and Wizz Air's Jozsef Váradi says his payout plan benefits all the company's stakeholders.

30.05.2024 30

Fortune

Prarthana Prakash

Germany's aging population is dragging on its economy—all of Europe will soon be affected, and it's only going to get worse

Many European countries are facing an aging workforce—but in Germany's case, that's adding to the long list of woes dragging its economy down.

29.05.2024 20

Fortune

Prarthana Prakash

Uber gears up for Paris Olympics by offering free cruises across the Seine and discounts to ease the load on public transport networks

Paris is expecting 30% more visitors this summer than usual—and Uber's support may help the city's public transport systems cope with the strain.

29.05.2024 40

Fortune

Prarthana Prakash

Brexit border controls mean the world’s largest food awards will no longer be judged only in the U.K.

The Great Taste awards have long offered star accolades for stand-out food products from the U.K. But Brexit has complicated matters—especially for...

29.05.2024 30

Fortune

Prarthana Prakash

Loss-making U.K. retailer Boohoo wants to reward its top team with millions in bonuses—and its shareholders aren't happy

“The market is unimpressed with paying executives £1 million packages when the performance of the company has been woeful,” one expert said.

28.05.2024 80

Fortune

Prarthana Prakash

Taylor Swift’s Eras Tour could boost Europe’s economy more than America’s, experts predict

Europe has better public transport and benefits from the concerts happening over the summer—and Swifties are ready to buy into it.

19.05.2024 40

Fortune

Prarthana Prakash

A deepfake ‘CFO’ tricked the British design firm behind the Sydney Opera House in $25 million fraud

“Our financial stability and business operations were not affected," an Arup spokesperson said.

17.05.2024 20

Fortune

Prarthana Prakash

London Stock Exchange CEO says listing exodus not a big concern as the U.K. is ‘punching above its weight’—but a 25% drop in listings over 10 years suggests otherwise

Companies have dropped their London listings just as the pool of applicants looking to float on the LSE dwindles, hitting a six-year low in 2023.

16.05.2024 50

Fortune

Prarthana Prakash

The running market is hot—and it's driving sales of Roger Federer-backed On shoes

Since its inception in 2010, the Swiss-based On has become a superstar in the crowded sports shoe industry.

15.05.2024 70

Fortune

Prarthana Prakash

Higher air ticket prices aren't dampening travel demand as TUI narrows losses ahead of shifting its listing from London to Frankfurt

People's travel appetite is higher than before—and that's driving TUI's business in Europe and beyond.

15.05.2024 40

Fortune

Prarthana Prakash

Anglo American hopes selling De Beers will fend off takeover bids after BHP’s $43 billion offer—but it might do the opposite

Anglo American is getting "rid of a lot of the fat that someone like BHP wouldn't want," making it more appealing, one analyst said.

14.05.2024 80

Fortune

Prarthana Prakash

Lufthansa CEO calls Boeing's aircraft delays 'extremely annoying' following its recent safety crisis—but he’s banking on things getting better

Lufthansa's Carsten Spohr is the latest aviation industry chief to publicly lament how Boeing’s safety crisis is impacting their business.

13.05.2024 40

Fortune

Prarthana Prakash

France bags $16 billion investment boost from Microsoft, Pfizer and others as President Emmanuel Macron lures new business

France usually receives among the highest inward FDI in Europe, but even so $16 billion is a lot to announce on one day.

13.05.2024 60

Fortune

Prarthana Prakash

London’s Canary Wharf shows the future of work is about more than just the office

Londoners might have divided opinions on Canary Wharf, but it's evolved through the ages—and will likely continue to.

13.05.2024 30

Fortune

Prarthana Prakash

British used car startup Cazoo was once worth $7 billion. It’s since lost nearly 100% of its value and is flirting with bankruptcy—what went wrong?

The used car unicorn's journey from being a celebrated British startup to one nearing bankruptcy has a lot to do with timing.

10.05.2024 30

Fortune

Prarthana Prakash

Italy is sending soldiers to stop wild boars menacing its $8.8 billion prosciutto and sausage industry

Italy's agriculture minister said it was important that a health problem doesn't morph into "an economic and social" one.

09.05.2024 30

Fortune

Prarthana Prakash

Norwegian wealth fund CEO converts a century-old grain silo into a $46 million art display to promote tourism in his hometown

Once home to 15,000 tons of grain, Norges Bank CEO Nicolai Tangen's Kunstsilo is now a gallery of more than 5,000 artworks.

09.05.2024 40

Fortune

Prarthana Prakash

Heir to Prada’s billionaire owning family signals openness to acquisitions as luxury dynasties look to the future

“We have been and will always be open to considering opportunities,” Lorenzo Bertelli, heir of the billionaire Prada family, said.

08.05.2024 90

Fortune

Prarthana Prakash

Is money the secret to getting Gen Z talking? The U.K.’s national data crunchers reveal their latest tricks for finding out what makes them tick

The Office of National Statistics is revamping how to gets data on Gen Z participants, including higher cash prizes and face-to-face interviews.

08.05.2024 20

Fortune

Prarthana Prakash

British Microsoft-backed self-driving startup Wayve raises $1 billion, clocking new high in Europe-based AI funding deal

Wayve's latest funding round surpasses those of Europe's prominent generative AI startups like Mistral and Alepha Alpha.

07.05.2024 40

Fortune

Prarthana Prakash

Europe’s largest local authority went bankrupt over equal pay claims worth up to $1 billion—turns out, it may not bleed too much money on it after all

Financial difficulties for the Birmingham City Council, which represents over 1 million people, have been mounting—but it's not the only one in the...

03.05.2024 100

Fortune

Prarthana Prakash

Puig is poised for a $15 billion IPO, but CEO Marc Puig has a ‘self-disempowerment’ plan to stop his family from controlling the Spanish beauty empire

CEO Marc Puig thinks setting "difficult filters" even for family members is the best way to practice "meritocracy."

02.05.2024 30

Fortune

Prarthana Prakash

Europe's sliding foreign investments are a 'wake-up call,’ EY expert says

“We need to make sure regulation doesn’t get in the way of innovation and enabling businesses in Europe to compete,” an expert told Fortune.  

02.05.2024 30

Fortune

Prarthana Prakash

Meet the Norwegian-owned cruise challenger to Carnival and Royal Caribbean that just raised $1.54 billion

Viking's cruises aren't just boozy party boats. They specifically cater to older, affluent guests.

01.05.2024 40

Fortune

Prarthana Prakash

The CEO of one of Sweden's biggest companies thinks regulation is decimating Europe's competitiveness and will leave 'no industry left'

Europe is “on the way to becoming a museum," said Ericsson's CEO Börje Ekholm.

30.04.2024 70

Fortune

Prarthana Prakash

Exclusive: Ikea is rolling out its third round of price cuts in a year across thousands of products as it tackles shoppers’ inflation pain

Shoppers have poured into Ikea stores in droves since its initial price cuts, so the Swedish giant plans to keep the momentum going.

30.04.2024 40

Fortune

Prarthana Prakash

LVMH's new path to people's hearts (and pockets) is through sprawling real estate empires in New York, Paris and Miami

“All roads lead to real estate,” Michael Burke, the head of LVMH Fashion Group, told The Wall Street Journal.

29.04.2024 50

Fortune

Prarthana Prakash

Ryanair's Michael O'Leary, who is up for a $108 million bonus, doesn’t see high CEO pay as a problem: 'Footballers are getting half a million a week'

Michael O'Leary says that if football players and their managers can get paid in the multi-millions, why not him?

29.04.2024 20

Fortune

Prarthana Prakash

The number of U.K.-listed companies issuing profit warnings is higher than during the Global Financial Crisis, new report finds

“Macro-economic pressures, while less intense, have not relented in 2024," a partner at EY-Parthenon said.

29.04.2024 10

Fortune

Prarthana Prakash

In the latest blow for the London Stock Exchange, U.S. private equity firm Thoma Bravo snaps up British cybersecurity star Darktrace for $5 billion

Darktrace’s board said that its success is not reflected in its current valuations as its shares are trading lower than those of its peers.

26.04.2024 10

Fortune

Prarthana Prakash

Aviation results: European carriers EasyJet and Jet2 fly to new heights, while Airbus prepares to overtake Boeing as headwinds continue

It's been an eventful few days for aviation players—from Airbus to Heathrow. Here's how they fared.

26.04.2024 30

Fortune

Prarthana Prakash

Unilever and LVMH have one common bright spot—people love spending on beauty, and it’s outshining their other products

Beauty has been an important driver in Unilever and LVMH's recent earnings—is it just the lipstick effect or more?

25.04.2024 20

Fortune

Prarthana Prakash

Chocolate prices have exploded—as has the wealth of Mars and Ferrero family empires, outsizing two of the world's top cocoa-producing countries

The collective wealth of the Ferrero and Mars families beats the summed-up GDPs of Ghana and Ivory Coast, Oxfam's report said.

24.04.2024 20

Fortune

Prarthana Prakash

Tesla may have found itself a lifejacket—but its rocky ride following job and price cuts across Europe isn’t over yet

“If somebody doesn’t believe Tesla’s is going solve autonomy, I think they should not be an investor in the company,” Tesla CEO Elon Musk said...

24.04.2024 30

Fortune

Prarthana Prakash

London is the world's top talent magnet, eclipsing Amsterdam and New York. Yet it’s this country that beckons most

“London’s position as the most desirable city, a position it has retained for many years, is both a promise and a challenge,” a BCG expert said.

24.04.2024 10

Fortune

Prarthana Prakash

EU warns it’ll suspend TikTok’s new Lite app for its 'toxic and addictive' watch-for-rewards feature that allegedly endangers kids

“We suspect TikTok ‘Lite’ could be as toxic and addictive as cigarettes ‘light’,” EU commissioner Thierry Breton said.

23.04.2024 10

Fortune

Prarthana Prakash

Ferrari’s CEO has nearly doubled its share price since 2021—he credits smaller teams and cutting the company’s ‘bureaucratic mass index’

“When you change the culture of a company, it’s never a revolution. It’s an evolution,” CEO Benedetto Vigna said.

22.04.2024 10

Fortune

Prarthana Prakash

AI is shaking up how sports like rugby, soccer and cricket are played—and it could soon mint big money for sports clubs

“For the most ambitious and innovative teams, there is an exciting opportunity now," one expert told Fortune.

20.04.2024 20

Fortune

Prarthana Prakash

90-year-old designer Giorgio Armani has kept his legacy alive—and independent. Now, he's open to adapting: 'I don’t feel I can rule anything out'

The iconic fashion mogul said he doesn't see a takeover or IPO in the cards anytime soon, but can't "rule anything out."

19.04.2024 30

Fortune

Prarthana Prakash

Secondhand watch prices have tanked—but luxury watches weren’t meant to be investments anyway, Rolex CEO says

“I don’t like it when people compare watches with stocks. This sends the wrong message and is dangerous,” Rolex’s Jean-Frédéric Dufour said.

18.04.2024 10

Fortune

Prarthana Prakash

Beware, Swifties. A major British bank just issued a warning after fans lost an estimated $1 million in Taylor Swift concert ticket scams

“Cruel fraudsters have wasted no time in targeting her most loyal fans as they rush to pick up tickets for her must-see concerts,” Lloyds Bank...

17.04.2024 10

Fortune

Prarthana Prakash

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