Paris—LVMH has named two new CEOs within its watches divisions. Julien Tornare, the current CEO of TAG Heuer, will become CEO of Hublot, effective Sept. 1. He succeeds Ricardo Guadalupe, who has been CEO of the brand since 2012. Guadalupe wants to step back from operational management, LVMH said,...

TAG Heuer, Hublot Will Have New CEOs

Business Insider

Chris Kirchner, a startup founder convicted of defrauding investor was sentenced to 20 years in federal prison Thursday.

Chris Kirchner, founder of Goldman Sachs-backed Slync, was sentenced to 20 years for fraud and laundering startup funds

Brian Lesser, a seasoned Madison Avenue executive with extensive experience in senior media-investment roles, has been appointed as the global CEO of WPP’s GroupM media firm. This position is highly influential in managing the flow of advertisers’ funds. Lesser replaces Christian Juhl, who, after five years as CEO, will transition to a new role as President of corporate development at WPP. Lesser’s return comes at a time when parts of GroupM have been under scrutiny, with several changes in its senior U.S. leadership positions in recent years.

Brian Lesser Returns to Lead GroupM as Global CEO

Christian Laibacher, the CEO of Solar Fabrik, has been detained by German authorities due to an ongoing investigation led by the Würzburg public prosecutor’s office. While specific details of the case remain undisclosed, it has been confirmed that the inquiry pertains to the activities of ESC Verwaltungs GmbH & Co. KG during the years 2014 to 2016, when Laibacher was at the helm of the company.

CEO of Solar Fabrik Arrested Amid Legal Investigation

Reuters

BEIJING (Reuters) - A decision by the Trump administration to sanction China’s Xiaomi Corp in early 2021 was the catalyst for the company’s decision to build its first electric car, CEO Lei Jun said on Friday. Best known for its smartphones and home appliances, Xiaomi entered China’s crowded EV market this year, part of its strategy to diversify its product portfolio.

Trump sanctions prompted China Xiaomi’s EV entry, CEO says

New York City, NY

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Cheryl E Preston

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

April, an AI-powered tax-filing product built to be embedded with financial services providers, appointed Raj R. Doshi as its president and chief operating officer (COO). Doshi brings over 20 years of experience in driving growth strategies and leading operations across prominent organizations including Google, TaxAct and Avantax. Doshi’s focus will...

april Strengthens Leadership with New President and COO Appointment

Distractify

In May 2024, clean beauty company Beautycounter announced that it was closing temporarily. Owner Gregg Renfrew shocked its many consultants who made money hawking the products to friends and online by providing them very little runway — reportedly mere hours — before operations shut down.At the time, Beautycounter's site offered only this vague glimpse into the future: "Something new is on the way. We are currently ​working ​to build a new company but don’t worry, we’ll be back later this year with the safer, high-performing products you know and love, as well as some other surprises."So what happened to Beautycounter?...

What Happened to Beautycounter — Is the Company Back?

Jesper Kristensen, the long-serving CEO of Unifeeder Group, has decided to step down from his position. Additionally, Kristensen has resigned from his role as Chief Operating Officer of DP World Marine Services, a position he held since 2021. Martin Gaard Christiansen will succeed Kristensen, overseeing Unifeeder’s operations in Europe, the...

Leadership Transition at Unifeeder Group as CEO Jesper Kristensen Steps Down

According to reports from the Financial Times and Wall Street Journal on Thursday, Facebook owner Meta Platforms (NASDAQ:META) is assessing a potential multibillion-euro investment in eyewear group EssilorLuxottica. Citing people with knowledge of the matter, the WSJ said the social media platform is in talks to purchase around a 5%...

Meta Platforms exploring stake in Ray-Ban maker EssilorLuxottica - reports

Leading executives from JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and PNC Financial Services express varied views on the economy, highlighting both potential risks and areas of growth. Jamie Dimon, CEO of JPMorgan Chase, urges caution due to hidden economic risks, with the bank’s CFO noting that loan demand...

Mixed Economic Signals from Top Bank Executives

GOBankingRates

While the dream of homeownership may seem out of reach for many Americans lately -- due to a combination of factors such soaring mortgage rates, low inventory and high prices -- for the ultra-rich, it’s never been a problem.

Which Billionaires Own the Most Homes?

Fortune

Good morning. There isn’t an official roadmap to building one’s career. But Yanela Frias followed her passion for business, which has led to a 27-year career at Prudential Financial, Inc., founded in 1875, and her becoming the insurance giant’s first female CFO. Frias began her tenure as...

Prudential’s CFO on her 27-year career at the firm and the ‘incredible significance’ of being its first female finance chief

The wealthiest individuals in the world often choose unique and lavish locations for their homes, reflecting their distinct lifestyles and preferences. Elon Musk, who holds the title of the richest person globally, has shifted his primary residence from California to a compact prefabricated house in Boca Chica, Texas, that spans approximately 400 square feet. Additionally, Musk is developing an innovative glass-walled residence near Tesla’s headquarters in Austin, known as Project 42, a move that has garnered significant attention. Musk’s real estate acquisitions also extend to thousands of acres outside Austin, earmarked for employee housing for his companies Tesla, Boring, and SpaceX. This new community, currently under construction, is designed with modular homes, an outdoor gym, and a swimming pool, aiming to create a cohesive and convenient living space for his workforce.

Top 3 Billionaires: Where Do They Choose to Reside?

EssilorLuxottica and VF Corp. have entered into a definitive agreement for EssilorLuxottica to acquire the Supreme brand from VF for $1.5 billion in cash. EssilorLuxottica is the parent company for the Oakley, Native Eyewear, Ray-Ban and Costa sunglass brands. VF Corp. closed on its acquisition of Supreme in December 2020 for an aggregate base purchase price of $2.1 billion.

EXEC: VF Corp. Divests Supreme Brand to Oakley Parent in Cash Deal

Lisa Spelman, a long-time executive at Intel Corp., is set to become the CEO of Cornelis Networks, a startup that emerged from Intel in 2020 to leverage the growing demand for artificial intelligence. Spelman, who has extensive experience in managing Intel’s data center business, will assume her new role on August 15, as announced by Cornelis on Thursday.

Intel Veteran Lisa Spelman to Lead Cornelis Networks Amid AI Expansion

In Australia, casinos play a crucial role in driving economic growth and wealth distribution. These gambling establishments, both online and physical, significantly contribute to the national Gross Domestic Product (GDP) and create numerous job opportunities across the country. Casinos attract millions of visitors annually, who not only spend money at...

Economic Powerhouse for Australia with Casinos Adding Over $700 Million to the GDP

Forbes Advisor has hired Taylor Tepper as a senior writer focusing on the saving and spending behavior of consumers. He has been the lead editor of the banking vertical at USA Today Blueprint. Before that, Tepper was at Forbes Advisor as a retirement writer covering retirement and investment. Tepper was...

Tepper joins Forbes Advisor as senior writer

Silverflow, a leading cloud platform for global card processing, has today announced the appointment of Dagmar van Ravenswaay Claasen as the Chairperson of its supervisory board. The board was launched earlier this year to support Silverflow’s growth strategies, as well as provide insights into industry needs, solutions, and the future of payment technology.

Dagmar van Ravenswaay Claasen Selected as Chairperson of Silverflow’s Supervisory Board

In response to recent developments, including Broadcom’s acquisition of VMware, Nutanix is revising its internal strategies. Nutanix CEO Rajiv Ramaswami emphasized the urgency of these adjustments. Ramaswami noted that customers were uncertain about the implications of the acquisition, which closed last November. By May, customers had observed changes in...

Nutanix CEO on Strategic Shifts Amid Broadcom’s VMware Acquisition and Asian Markets

NewsBreak

LVMH Reshuffles Leadership in Watch Division

LVMH has announced significant changes in its watch division leadership. Julien Tornare, currently the head of TAG Heuer, will take over as CEO of Hublot, a...

LVMH Reshuffles Leadership in Watch Division

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