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Mauritian Hugo Boss supplier banks on India unit to fuel growth

September 30, 2024 No Comments Beauty , , , , , , , ,

By Bloomberg Published September 30, 2024 Ciel Ltd., a Mauritian-based conglomerate, plans to increase output at its textile factories in India by about a third to boost supply to brands including Hugo Boss, Lacoste and Superdry. See catwalkBoss – Spring-Summer2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight The company’s textile division in India has [...]read moreMauritian Hugo Boss supplier banks on India unit to fuel growth

Gokaldas defers Bangladesh apparel unit plan as unrest lingers

August 19, 2024 No Comments Beauty , , , , , , ,

By Bloomberg Published Aug 19, 2024 Gokaldas Exports Ltd. has decided to put its plan to build a garments factory in Bangladesh on hold as the nation continues to face political turmoil that has killed hundreds of people during weeks-long violence. Bloomberg The Indian company, which exports to more than 50 countries including the US, [...]read moreGokaldas defers Bangladesh apparel unit plan as unrest lingers

Dior unit put under court administration in Italy over labour exploitation

June 10, 2024 No Comments Beauty , , , , , , ,

By Reuters Published Jun 10, 2024 An Italian court on Monday placed under judicial administration a company owned by the Italian unit of French fashion group Christian Dior for subcontracting its production to Chinese companies that exploited workers. The court in Milan ordered a one-year administration for Manufacturers Dior Srl, according to the ruling seen [...]read moreDior unit put under court administration in Italy over labour exploitation

Gandar belakang tertanggal: Chery Malaysia panggil semula 600 unit Omoda 5 berpotensi terjejas

May 1, 2024 No Comments Auto , , , , , , , , , ,

Susulan isu kimpalan gandar belakang yang tertanggal pada sebuah Chery Omoda 5 berlaku hujung minggu lalu, Chery Malaysia hari ini mengumumkan bahawa pihaknya akan memanggil semula 600 unit model tersebut. Kenyataan rasmi yang dikeluarkan adalah seperti berikut: Klik untuk besarkanRumusannya, Chery Malaysia sudahpun menggantikan unit gandar belakang baharu untuk unit yang terlibat dalam insiden tempoh [...]read moreGandar belakang tertanggal: Chery Malaysia panggil semula 600 unit Omoda 5 berpotensi terjejas

Zomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs

April 26, 2024 No Comments Technology , , , , , , , , , ,

Goldman Sachs said in a report late Thursday that Indian food delivery giant Zomato’s quick commerce arm Blinkit is now more valuable than its core food delivery business, as per the bank’s sum-of-the-parts analysis. The investment bank estimates Blinkit’s implied value at 119 Indian rupees per share ($1.43) or about $13 billion, while Zomato’s food [...]read moreZomato’s quick commerce unit Blinkit eclipses core food business in value, says Goldman Sachs

Toyota tightens oversight over scandal-hit small car unit Daihatsu

April 9, 2024 No Comments Auto , , , , , , ,

TOKYO — Japan’s Daihatsu Motor said on Monday it will streamline the way it reports on development and certification to  Toyota Motor, as the parent company increases oversight of its compact car division and seeks to overcome a safety test certification scandal. The move comes more than a month after a new president from Toyota [...]read moreToyota tightens oversight over scandal-hit small car unit Daihatsu

Hyundai, Kia and Genesis EVs recalled for damaged charging control unit

March 21, 2024 No Comments Auto , , , , , , , ,

Hyundai Motor America and Kia America are recalling a combined 147,100 U.S. vehicles over a damaged charging unit, the National Highway Traffic Safety Administration (NHTSA) said on Thursday. Hyundai will recall 98,878 vehicles, including certain 2022-2024 Ioniq 5 and Ioniq 6, Genesis GV60, Genesis GV70 Electrified and Genesis GV80 Electrified models, while Kia will recall [...]read moreHyundai, Kia and Genesis EVs recalled for damaged charging control unit

Chery’s Omoda & Jaecoo unit building EV plant in Thailand – Rayong factory to start production in 2025

March 21, 2024 No Comments Auto , , , , , , , , , ,

Click to enlarge Omoda & Jaecoo Thailand, a subsidiary of Chery, is planning a new EV factory in Rayong, Thailand. According to Bangkok Post, production is set to start in 2025, and the plant will initially produce cars for domestic and ASEAN markets. Chery has plans to make Rayong a global export base, supplying Oceania [...]read moreChery’s Omoda & Jaecoo unit building EV plant in Thailand – Rayong factory to start production in 2025

AI chip startup Groq forms new business unit, acquires Definitive Intelligence

March 2, 2024 No Comments Technology , , , , , , , ,

Groq, a startup developing chips to run generative AI models faster than conventional hardware, has an eye toward the enterprise — and public sector. Today, Groq announced that it’s forming a new division — Groq Systems — focused on greatly expanding its customer and developer ecosystem. Within Groq Systems’ purview is serving organizations, including government [...]read moreAI chip startup Groq forms new business unit, acquires Definitive Intelligence

Sony is laying off 900 employees from its PlayStation unit

February 27, 2024 No Comments Technology , , , ,

Sony is laying off around 900 employees in its PlayStation division, the company announced on Tuesday. The cuts will impact 8% of the division’s global workforce, as Sony becomes the latest company to announce major cuts in recent weeks and months. Sony also announced that it will be closing its London Studio in the U.K. [...]read moreSony is laying off 900 employees from its PlayStation unit