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James Hebbert, managing director of Hylink (UK), gives CEO Today an insight into China's thriving duty-free market and explains how global luxury brands can make the most of it. China's duty-free market is rapidly expanding, particularly in the island province of Hainan where even domestic tourists can shop duty-free. Last year alone, duty-free sales in Hainan […]
Having sufficient working capital is important but being able to expand is beneficial too. Here we look at when it’s the right time to raise capital, and times when it’s possibly not. Raising Funds For Working Capital When the ongoing needs of the business – its networking capital – are getting tighter every month, it's a bad […]
Billionaire Tesla and SpaceX CEO Elon Musk has announced that he plans to sell off his remaining home, located in California’s Bay Area, to fund a Mars colony. Musk has already sold his other properties to fund the endeavour. Throughout 2020, he sold six of his Californian properties, and another in 2019, for a combined […]
American novelist and philanthropist MacKenzie Scott has donated $2.7 billion to 286 charitable organisations. Turning to her blog, Scott said she wanted to give the money to neglected and marginalised groups: “Because community-centered service is such a powerful catalyst and multiplier, we spent the first quarter of 2021 identifying and evaluating equity-oriented non-profit teams working in […]
Renewable energy technology company Heliogen has raised £108 million to push its new concentrating solar-powered (CSP) “sunlight refinery” through to markets. The technology, backed by American business magnate Bill Gates, can produce extremely high-temperature heat that can then be utilised for power generation, hydrogen production, and industrial decarbonisation. In 2019, Heliogen demonstrated a prototype of its CPS […]
The announcement comes as part of Jaguar Land Rover’s larger goal to produce only zero-tailpipe emissions vehicles by 2036. The automotive giant has also pledged to work towards becoming a net-zero carbon business by 2039. The vehicle’s fuel cells combine hydrogen and oxygen to produce electricity without combustion, with the electricity generated being used to power […]
Virgin Atlantic has suggested that the electric vertical take-off and landing vehicles (eVOTL) could fly between towns and major airports, operating as an air taxi service. The launch would come as part of a partnership with Bristol-based Vertical Aerospace, which is set to conduct test flights this year. Virgin Atlantic isn’t the only company to […]
A company’s money can only flow as well as its inventory does, which is why it's vital that you have easy access to your entire range of products, materials, parts, and supplies so inventory workers and other employees can do their jobs quickly and effectively. Through superior inventory management strategies, you can make your organisation […]
Tesla will begin deliveries of its new Model S Plaid after the once-rescheduled “delivery event” for its high-performance version of its flagship electric sedan finally took place on Thursday. Tesla will initially make 25 deliveries on Friday evening, expanding to hundreds of cars per week, then a thousand cars per week in the next phase. […]
Patrick Drahi, founder of the European-based telecom group Altice, has bought a 12.1% stake in telecommunications company BT, worth approximately £2.2 billion. Altice is now BT’s largest shareholder after the purchase of 1.2 billion shares by recently-formed Altice UK. BNP Paribas and Morgan Stanley handled the share purchases. Drahi, who has a net worth of […]
On Wednesday, video game retailer GameStop announced that it has appointed former Amazon executive Matt Furlong as the company’s new CEO. Mike Recupero, another former executive of Amazon, has also been appointed as GameStop’s chief financial officer. Having worked for Amazon for almost a decade, Furlong will step into his new role on June 21. […]
Italian physicist Benedetto Vigna has been named Ferrari’s next CEO. Vigna will take over from interim chief John Elkann. Elkann stepped in in December after the resignation of Louis C. Camilleri, who retired with immediate effect due to personal reasons. Vigna will become Ferrari’s chief executive officer this coming September. Vigna has served as the […]
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