page contents
Connect with us

Business

Fashion house Michael Kors to buy Versace for over $2 billion

Published

on

michael-kors



Global fashion house Michael Kors announces that it will acquire legendary Italian fashion giant Versace for over $2 billion.

FOLLOW US ON:
 INSTAGRAMLINKEDINYOUTUBETWITTER & FACEBOOK

Recently, the Italian fashion giant Versace announced the possibility of selling the business, listing Celebrity shoemaker Jimmy Choo, luxury jeweler Tiffany & Co and US fashion group Michael Kors Holdings as possible buyers.

According to report, the company in its entirety is estimated to be worth some $2.0 billion (1.7 billion euros).

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE
WATCH RUSSIA 2018 HIGHLIGHTS HERE

 

Continue Reading
Advertisement

Business

President Ramaphosa to Sign South African Competition Amendment Bill Into Law

Published

on

South African President Cyril Ramaphosa will sign into law today the Competition Amendment Bill, which will strengthen regulations against anti-competitive behaviour in industrial markets.



The bill, which was approved by the National Assembly in October 2018 and endorsed by the National Council of Provinces in December 2018, is a step in the right direction for SMEs, economic inclusion and it opens up the economy to fresh investment and innovation.

It also provides a clear mandate to the competition authorities to address economic concentration in a balanced manner and to promote economic transformation, the Presidency said on Monday.

Additionally, the amended legislation seeks to combat concentration and economic exclusion as core challenges that contribute to slower and less dynamic growth, lower employment and greater inequalities, as well as socio-political conflict.

 IMG-20180912-WA0030

The Presidency said this will enable a more effective approach to concentration, with a focus on improving outcomes for small and black-owned business, and strengthen the institutions involved in managing competition policy and law.

The signing ceremony will take place this afternoon at the Tuynhuys Chambers in Parliament. Economic Development Minister Ebrahim Patel, who campaigned fiercely for the bill’s codification, will join the ceremony along with a group of stakeholders.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

Continue Reading

Business

Manufacturing Output Growth Slows Again in South Africa

Published

on

The preliminary data from Statistics South Africa has showed the rate at which South Africa manufacturing output slowed twice again within the month of December.




Negative contributions came from petroleum, chemicals, rubber and plastic products, iron and steel, non-ferrous metal products, metal products and machinery industries to make outputs edged up a non-adjusted 0.1% year-on-year in December following a 1.3% increase in November and a 3.0% gain in October

IMG-20180912-WA0030

As against a drastic output growth in the prior month; 0.7% following a 0.4% rise in November

Meanwhile motor vehicles, parts and other transport equipment, food and beverages, glass and non-metallic mineral products made the biggest positive contributions in December.

TO DOWNLOAD OUR MOBILE NEWS APP CLICK HERE

Continue Reading

Facebook

Advertisement
Advertisement

Trending

Copyright © 2018 Anttention Media. All rights reserved