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March 8, 2021

End of a 247-year era as Birkenstock sells control to Bernard Arnault, Tata Group finalising e-commerce BigBasket deal, Sheldon Adelson’s Las Vegas Sands exits The Strip for Asia.

End of a 247-year era as Birkenstock sells control to Bernard Arnault

Germany’s sixth-generation Birkenstock family will sell a majority stake in its historic footwear business to the family interests of Bernard Arnault, principal of French luxury goods empire LVMH.

November 19, 2018

Asia’s story over the past few years has been a tale of rapidly rising wealth and with it, increased philanthropic giving. 

Asia’s story over the past few years has been a tale of rapidly rising wealth and with it, increased philanthropic giving. In 2014, Hong Kong real estate moguls Ronnie and Gerald Chan hit western headlines when they pledged a $350 million gift to Harvard University through their charitable foundation—the largest in the institution’s history. In its 2016 study on philanthropy, BNP Paribas said that 27% of high net worth Asians planned to leave at least a third of their fortune to charity.

October 3, 2014

Inditex joins forces with Alibaba to boost Chinese sales; Berkshire Hathaway buys Van Tuyl car dealership; and Reliance Communications aims to reduce debt with 4G.

Inditex joins forces with Alibaba to boost Chinese sales; Berkshire Hathaway buys Van Tuyl car dealership; and Reliance Communications aims to reduce debt with 4G.

Inditex joins forces with Alibaba to boost Chinese sales

Family-controlled clothing empire Inditex has announced plans to join forces with Chinese e-commerce giant Alibaba Group Holdings in order to gain a stronger foothold in the country.

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