Condé Nast Union Threatens Strike Ahead of Met Gala
The union delivered the announcement through a video at a bargaining session today, promising “a week of union actions” in the statement.
The title shot Princess Hayfa bint Abdullah Al Saud behind the wheel of a red convertible for the cover as the kingdom prepares to become the last country in the world to allow women to drive.
Even though most will cover their face and hair in public, thanks to changing laws and social codes makeup is one of the biggest consumer categories among Saudi women.
Last week’s Arab Fashion Week Riyadh focused the world’s attention on Saudi Arabian design and the country’s push for women’s rights, but who are the real power brokers in this fashion market worth $15 billion?
Noon.com's launch in Saudi Arabia, where online sales are expected to reach $13.9 billion by 2021, has sparked a race for e-commerce dominance.
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Deputy Crown Prince Mohammed bin Salman has made job creation for Saudis a key component of the kingdom’s plan to end the economy’s oil dependence and reliance on expatriate labour.
Emaar Properties PJSC Chairman Mohamed Alabbar and Saudi Arabia’s Public Investment Fund will each contribute $500 million to an e-commerce venture to tap the Middle East’s fast-growing online retail market.
The luxury industry faces a catch-22 in the Middle East where brands encounter major obstacles casting Arab celebrities for ad campaigns and magazines.
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The union delivered the announcement through a video at a bargaining session today, promising “a week of union actions” in the statement.
The transaction, which includes funding from Blackstone and Goldman Sachs, values the company at $6.4 billion.
The Lithuania-based group said growth had been spurred by entering new markets including Denmark and Finland and an expansion into luxury fashion.
The Barcelona-based firm set the price guidance at €24.50 per share, according to terms seen by Bloomberg News, giving the company an implied market value of €13.9 billion ($14.9 billion).
Chairman Reinold Geiger’s investment holding company, L’Occitane Groupe SA, is considering an offer for the Hong-Kong listed firm’s shares he does not already own, at HK$33 to HK$34 per share, the report said, citing people familiar with the matter.
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.