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Daimler’s next chief executive will have a tough job to restore margins at Mercedes-Benz, current boss Dieter Zetsche told Reuters on Wednesday, as Mercedes-Benz launched a new luxury electric car to rival Tesla. Zetsche, who bows out as CEO on May 22, said…
Interim replacement from cornerstone investor, suggesting much-needed funds will soon be injected to save the startup. Honestbee CEO and cofounder Joel Sng has stepped away from the business, clearing the way for a fresh round of investment which would ensure…
Telenor Group today announced that effective 1 April, 2019, Irfan Khan, CEO of Telenor Pakistan, will assume additional leadership role as Telenor Group Executive Vice President and Cluster Head for Emerging Asia, joining Telenor Group’s Executive Management…
Remember when watching a movie from Netflix meant going online your desktop computer, ordering the number of videos that you subscribed to, and waited for them to arrive in the mail while you sent back those discs you already viewed? Back then, Netflix spent…
The founder and CEO of Spotify, Daniel Ek, announced today in a blog post that Spotify has filed a complaint against Apple with the European Commission (EC). The executive says that when it comes to Apple Music and the App Store, the company gives itself an…
Malaysia’s KIP Group will establish three new malls within the coming three years, according to CEO Valerie Ong. The new locations in Raub, Kuantan and Sungai Petani will involve RM150 million (US$36.7 million) in gross development costs and cater to…
Is Ducati planning to introduce a naked version of the Panigale V4 superbike? That’s the question that’s been doing the rounds for some time now, especially after a custom-built naked Ducati Panigale V4 was unveiled by Italian design house Officine GP. That…
Dairy Farm Group has warned shareholders that its restructure will take five years to complete. “There are few ‘quick fixes’ and no ‘silver bullets’,” CEO Ian McLeod told shareholders in the company’s results filing last week. “Continuous improvement against…
Apple has appointed Microsoft’s former Corporate Vice President Sam Jadallah to lead the “Home” products category at Apple. Even though Apple has not officially announced the appointment, Jadallah updated his LinkedIn bio to read – “Working on Home at Apple”,…
The Board of Directors of Pandora has appointed Alexander Lacik as President and Chief Executive Officer. Mr. Lacik’s strong track-record as a consumer marketer and brand architect will help drive the execution of Programme now and assert Pandora’s position…
Iconic American fashion brand Guess Inc. announced that its chief executive officer and director, Victor Herrero, is leaving the company effective February 2, 2019. Carlos Alberini, who served as Guess’s president and chief operating officer more than ten…
Within hours of the announcement that Apple retail chief Angela Ahrendts was to leave the role in April, speculation was rife as to where she is headed. Ahrendts, who led the fine-tuning of Apple’s retail business for five years after turning around British…
In an effort to ramp up slow iPhone sales amid sluggish smartphone market, Apple on Wednesday appointed a new head of global retail and online stores. Deirdre O’Brien will take over as Senior Vice President of Retail and People, reporting to CEO Tim Cook, the…
Tommy Hilfiger will jettison the chief brand officer role following the departure of incumbent Avery Baker in June, the fashion label has confirmed. Baker has announced plans to step down from the job in June. The marketer will then rejoin the company on a…
Li & Fung has appointed Joseph Phi as the company’s Group President. As Group President, Joseph will lead the company’s Supply Chain Solutions operating groups, including Business Development. He will continue as President, LF Logistics and to serve on the…
J.Crew chairman and former-chief executive Millard “Mickey” Drexler has stepped down from his position to focus on other interests, including the development of investment business Dexler Ventures, LLC. Chad Leat has been elected as chairman effective…
