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Tag: billion

Inter Parfums posts record-breaking sales to surpass $1.3 billion in 2023

January 24, 2024 No Comments Business , , , , , ,

New York-based Inter Parfums announced on Tuesday record-breaking annual sales in 2023, surpassing its prior guidance of $1.3 billion for the twelve months. Coach For the fourth quarter ending December 31, net sales at the fragrance giant rose 6% to $329 million, while sales surged 21% for the year $1.32 billion, compared to the prior-year [...]read moreInter Parfums posts record-breaking sales to surpass $1.3 billion in 2023

Amer Sports seeks as much as $1.8 billion in US IPO

January 23, 2024 No Comments Business , , , ,

By Bloomberg Published Jan 23, 2024 Amer Sports Inc., the maker of Wilson tennis rackets and Salomon ski boots, is seeking to raise as much as $1.8 billion in what would be one of the year’s first major initial public offerings. Amer Sports In a listing that could further accelerate the pace of IPOs after [...]read moreAmer Sports seeks as much as $1.8 billion in US IPO

Counterfeits cost Europe 16 billion euros each year: agency

January 16, 2024 No Comments Beauty , , , , , ,

By AFP Published Jan 16, 2024 Counterfeit products — mainly clothes — cost the European economy 16 billion euros a year and result in nearly 200,000 lost jobs, the EU’s Intellectual Property Office said Tuesday. Salvatore Ferragamo The findings, based on data from 2018 to 2021, show that fakes take the biggest toll on the [...]read moreCounterfeits cost Europe 16 billion euros each year: agency

Google faces $1.67 billion damages demand at AI-related patent trial

January 9, 2024 No Comments Beauty , , , , ,

By Reuters API Published Jan 9, 2024 Alphabet’s Google went before a federal jury in Boston on Tuesday to argue against a computer scientist’s claims that it should pay his company $1.67 billion for infringing patents that allegedly cover the processors used to power artificial intelligence technology in Google products. A lawyer for Singular Computing, [...]read moreGoogle faces $1.67 billion damages demand at AI-related patent trial

Italian operations exceed 11 billion euros

January 9, 2024 No Comments Business , , ,

Translated by Roberta HERRERA Published Jan 8, 2024 With its headquarters, production sites, logistic centers, and units for research and innovation, Italy has become an extremely strategic location for Kering. Ever since the French group acquired a stake in the Gucci Group in 1999 – a pivotal milestone in the company’s evolution to becoming a [...]read moreItalian operations exceed 11 billion euros

TikTok eyes $17.5 billion shopping business on Amazon’s turf

January 9, 2024 No Comments Beauty , , , , , ,

By Bloomberg Published Jan 4, 2024 ​TikTok aims to grow the size of its US e-commerce business tenfold to as much as $17.5 billion this year, according to people familiar with the matter, posing a bigger threat to Amazon.com Inc. The 2024 merchandise volume goal for the US version of TikTok Shop — which melds [...]read moreTikTok eyes $17.5 billion shopping business on Amazon’s turf