Marissa Nuncio
The News in Brief

The European Union started work on setting its 2040 climate goals, signaling future policies would require greener consumer lifestyles and more effort from businesses across the economy to meet climate neutrality by the middle of the century.




In a shareholder proposal released Thursday, London-based Tulipshare requested a report from Nike on whether its policies effectively address its stated equity goals and human rights commitments.


Patek Philippe SA will soon introduce a new model line for the first time in nearly a quarter century, a fresh offering that the head of the family-owned Swiss watchmaker expects could one day compete with its most desirable timepieces.


Sergio Azzolari is joining Roberto Cavalli as its new CEO, effective April 2, the Italian brand said Thursday. The CEO of DSquared since 2017, Azzolari previously held roles at Tod’s, Luxottica, and Missoni.



With sales of luxury goods widely expected to withstand the darkening economic outlook and Chinese demand enjoying a post-Covid reopening boost, the sector appears ripe for a mergers & acquisitions wave, according to an informal Bloomberg survey of 17 M&A desks, fund managers and analysts.


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