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Prarthana Prakash

Prarthana Prakash

Fortune

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H&M’s turnaround under its new CEO is not taking off as fast as investors hoped

H&M's goal is "improving what makes the biggest difference for the customer and removing what doesn’t," CEO Daniel Ervér said.

yesterday 9

Fortune

Prarthana Prakash

Decathlon doesn’t do shoe boxes or big adverts. Yet the French giant has quietly become the crown jewel of the sports retail world

Decathlon found a void in the nature- and sport-loving market, tapped into it, and built a monumental business out of it.

yesterday 10

Fortune

Prarthana Prakash

What Bernard Arnault’s optimism for the U.S. could mean for LVMH’s position under ‘tariff man’ Trump

"It's clear that we are being strongly pushed by the American authorities to continue to build out our presence," Bernard Arnault told reporters.

previous day 10

Fortune

Prarthana Prakash

Lithuania is the world’s happiest country for young people. Here’s what it’s like to work for the country’s leading tech unicorn

Tech darling Nord Security's CEO was surprised at first when Lithuania was named the happiest in the world for under-30s. But he sees why at his...

previous day 20

Fortune

Prarthana Prakash

Ikea’s foray into secondhand furniture is the ‘smarter’ thing to do—but scaling it up will be a challenge, says group CEO Jesper Brodin

Despite the challenges and less than developed market for pre-owned goods, it’s here to stay, says the Ingka Group CEO.

previous day 30

Fortune

Prarthana Prakash

LVMH reports muted sales amid hope that the luxury downturn might finally be ending

“Today, I’m not going to report record revenue, but it was nonetheless a robust year," CEO Bernard Arnault said during the earnings call.

previous day 5

Fortune

Prarthana Prakash

David Beckham says ‘simple values’ and going with his gut made him a successful footballer and businessman

“I like to work,” David Beckham said, adding that he goes with his gut when it comes to new work projects.

27.01.2025 10

Fortune

Prarthana Prakash

Richard Branson–backed firm’s dream of flying people to the stratosphere in balloons is deflating as staffers are furloughed

Space Perspective tickets cost $125,000 per person for a six-hour trip to space, with the luxury of food, drinks, and Wi-Fi.

24.01.2025 7

Fortune

Prarthana Prakash

Snouts, muddy puddles and British accents: How Peppa Pig became a global cultural phenomenon—and a $1.7 billion franchise

The staying power of the Peppa Pig family—going 20 years strong—has made it one of Britain’s most significant cultural exports.

24.01.2025 10

Fortune

Prarthana Prakash

Britain’s biggest bookseller just thanked RTO mandates for bumper 2024 book sales

RTO mandates, tourism, and an overall increase in book-reading played a part in Waterstones' big year.

22.01.2025 10

Fortune

Prarthana Prakash

Europe could be a casualty under Donald Trump’s promised American ‘golden age’

Donald Trump was sworn in as the 47th U.S. president—that could mean more tariffs and different picture for trade with Europe.

22.01.2025 20

Fortune

Prarthana Prakash

How one of Europe’s largest insurers is trying to make waves with Gen Z

The 150-year-old insurer has weathered wars, pandemics, and natural disasters in its lifetime. Its next task: appealing to Gen Z.

17.01.2025 10

Fortune

Prarthana Prakash

Cartier owner Richemont shines with better-than-expected sales as poor China demand offset by rest of the world

Despite weakness in China, "Richemont has never been stronger," investment firm Vontobel's analyst said.

16.01.2025 10

Fortune

Prarthana Prakash

Prada defied the China-led luxury slowdown—its CEO is bullish Chinese shoppers will return

Prada Group's revenue has been soaring, thanks to the raging popularity of Miu Miu, the sister label where Miuccia Prada is the creative director.

16.01.2025 9

Fortune

Prarthana Prakash

Chocolate prices have exploded—as has the wealth of Mars and Ferrero family empires, outsizing two of the world’s top cocoa-producing countries

The collective wealth of the Ferrero and Mars families beats the summed-up GDPs of Ghana and Ivory Coast, Oxfam's report said.

15.01.2025 20

Fortune

Prarthana Prakash

Spain will tackle its ‘rich landlords and poor tenants’ problem by hiking property taxes to 100% for non-Europeans

Spanish PM Pedro Sánchez said non-EU residents bought thousands of homes in 2023 "to speculate" and "make money from them."

14.01.2025 10

Fortune

Prarthana Prakash

Formed child reality show star killed in Los Angeles wildfires as water runs out

Authorities told the Los Angeles Times newspaper that the water shortages occurred because the scale and duration of the firefighting effort were more...

13.01.2025 10

Fortune

Prarthana Prakash

Lloyds Bank will tie its senior bankers’ 2024 bonuses to their office attendance

Lloyds Bank employees will get paid bonuses next month—and 2-day in-office minimum attendance will be one of the factors taken into account.

13.01.2025 10

Fortune

Prarthana Prakash

The luxury goods market has created its own crisis, and it won’t recover until after 2027

Luxury executives are more bearish about the industry because of tariffs and a changing appetite for high-end goods, the State of Fashion report...

13.01.2025 20

Fortune

Prarthana Prakash

Ryanair’s Michael O’Leary, who is up for a $108 million bonus, doesn’t see high CEO pay as a problem: ‘Footballers are getting half a million a week’

Michael O’Leary says that if football players and their managers can get paid in the multimillions, why not him?

10.01.2025 10

Fortune

Prarthana Prakash

Apple’s new Goldman Sachs savings accounts excited savers with high interest rates—now some users are struggling to get their money out

Some customers reportedly experienced delays in transferring funds from the savings account to another bank account.

09.01.2025 8

Fortune

Prarthana Prakash

Amazon’s sweeping RTO mandate might end up being more lax in Europe than in the U.S., report says

Amazon's workers in the U.K. have a legal right to request flexible work, while those in the Netherlands are following earlier guidance on hybrid...

09.01.2025 10

Fortune

Prarthana Prakash

Donald Trump’s Greenland ‘fetish’ is spooking Europe—though this isn’t his first time, nor is he the only U.S. president to have tried it

Trump's desperation for Greenland "poses difficult questions that no one in Europe thought they would have to consider," one expert told Fortune.

08.01.2025 3

Fortune

Prarthana Prakash

Hermès boss doesn’t like the company being compared to archrival LVMH, which once tried to buy the Birkin bag maker

Hermès has sparred with LVMH before. Fending off the Arnault-owned luxury giant’s takeover attempt eventually led Hermès to stratospheric success.

08.01.2025 10

Fortune

Prarthana Prakash

Lufthansa CEO calls Boeing aircraft delays ‘extremely annoying’ following its recent safety crisis—but he’s banking on things getting better

Lufthansa's Carsten Spohr is the latest aviation industry chief to publicly lament how Boeing’s safety crisis is impacting their business.

07.01.2025 2

Fortune

Prarthana Prakash

Global ad giant WPP issues sweeping RTO mandate for its 114,000 staff, calling staff back to office 4 days a week

"I believe that we do our best work when we are together in person," CEO Mark Read wrote in the memo viewed by Fortune.

07.01.2025 40

Fortune

Prarthana Prakash

The golden Christmas period was a huge boost for the U.K.’s biggest supermarkets Tesco and Sainsbury’s. But 2025’s storm clouds are brewing

The boom in spending was driven by average U.K. households making 17 shopping visits in December, according to Kantar data.

07.01.2025 4

Fortune

Prarthana Prakash

Gucci will need to make a comeback under its new CEO—and it won’t be the first time for the languishing Italian luxury brand

Revenues at Gucci, Kering's biggest money-maker, plunged 26% in the third quarter as a prolonged sales slump continues.

06.01.2025 4

Fortune

Prarthana Prakash

L’Oréal is launching a device that’ll tell you exactly what your skin needs (and doesn’t) so you don’t ‘audition’ products

L’Oréal's Cell BioPrint can give people precise data on how inflamed, aged or dry their skin is prone to be, pointing them to the right products.

06.01.2025 2

Fortune

Prarthana Prakash

Social stigma still overshadows 0.0 drinks for Gen Z, even as Diageo, Heineken and AB InBev bet big on alcohol-free options

“Alcohol has played a central role in the way humans socialise," making it harder to cut the habit out, Oxford University's Charles Spence said.

03.01.2025 6

Fortune

Prarthana Prakash

Europe stunned the world with its ‘regulatory tsunami’ this year—but AI and Trump will add new snags in 2025

The EU went after Big Tech in 2024 unlike before. The new year will add more players to the regulatory tussle, including Donald Trump and Elon Musk.

03.01.2025 3

Fortune

Prarthana Prakash

Remote work impeded women’s careers, CEO of top U.K. bank claims amid industry-wide RTO surge

"Being seen" is critical to career development, Debbie Crosbie said, arguing that remote work makes female employees appear absent.

02.01.2025 3

Fortune

Prarthana Prakash

How Fortune 500 Europe’s C-suite execs spend their time when they’re not hard at work—from puzzle-solving to jumping rope

From mind-bending puzzles to sports, Fortune 500 Europe's C-suite execs have many interests. The common thread? It makes them better leaders, they...

28.12.2024 7

Fortune

Prarthana Prakash

How McDonald’s has kept Europeans hooked by fusing an American fast-food staple with local delicacies

Given its place in U.S. culture, McDonald’s European success might surprise some. But it's a product of the giant's deliberately curated local...

27.12.2024 5

Fortune

Prarthana Prakash

Tourism has become a dirty word. But 2025 could be the year vacationers stop being the villains, experts predict

Tourism became a harbinger of problems this year—it was long in the making. 2025 could "mark a new dawn" for the industry.

27.12.2024 5

Fortune

Prarthana Prakash

Russia’s multi-billion dollar revenue stream may soon grind to a halt, thanks to Ukraine. Its ripple effects could hit Europe

Despite the war, Russia has long had a deal in place to transit its gas exports via Ukraine to Europe.

24.12.2024 10

Fortune

Prarthana Prakash

Finland’s Oura went from a tiny Kickstarter campaign to a $5.2-billion start-up with Cristiano Ronaldo and Prince Harry among its fans

Oura just capped off a funding round that'll help the Finnish company look "beyond rings," its CEO Tom Hale said.

20.12.2024 9

Fortune

Prarthana Prakash

Rubik’s Cube is still selling millions after 50 years. Here’s how the old-school toy is keeping up with Gen Z’s digital shift

Erno Rubik’s Cube is still selling millions after 50 years as it refuses to be frozen in time.

20.12.2024 6

Fortune

Prarthana Prakash

Poland is selling 1,000 metric tons of its vast frozen butter reserves in an unconventional move to tackle rising inflation

Butter has become a sensitive subject in the Poland, even sliding into political debates. The auction will aim to sell tons of butter at discounted...

19.12.2024 5

Fortune

Prarthana Prakash

Bitcoin’s rally is nudging more luxury companies to make crypto a payment option—and sends a strong message to its younger clientele

Ferrari launched crypto payments on its ultra-luxury cars last year in response to demand from dealers and buyers who were also crypto investors.

18.12.2024 10

Fortune

Prarthana Prakash

Lego bricks have won over adults, growing its $10 billion toy market foothold—and there’s more to come

In 2020, Lego launched its adult-focused category. Adults also introduce kids to Lego, making them a group critical to the Danish toymaker.

18.12.2024 3

Fortune

Prarthana Prakash

Hermès may be nearly 200 years old. But astronomical growth means it’s ‘an old lady with startup issues,’ its artistic director says

Hermès doesn't belong in the world of speed and mass production. But that doesn't mean it doesn't change how it operates with time as startups do.

17.12.2024 8

Fortune

Prarthana Prakash

London’s love-to-hate business district Canary Wharf shows the future of work is about more than just the office

Londoners might have divided opinions on Canary Wharf, but it's evolved through the ages—and will likely continue to.

13.12.2024 6

Fortune

Prarthana Prakash

Bernard Arnault turned a one-franc deal in 1984 into a €319 billion luxury empire. Now, memories of the controversial 40-year-old deal are resurfacing

The French tycoon bought Dior three years before founding LVMH in 1987.

11.12.2024 20

Fortune

Prarthana Prakash

Diageo once owned Burger King and Häagen-Dazs. Now it’s a drinks empire with Guinness, Baileys, and 11 other billionaire brands 

The London-headquartered company we know today is just 27 years old. But its most iconic brands have been household names since well before that.

11.12.2024 5

Fortune

Prarthana Prakash

Mafia milking €3.3 billion a year from tourism in Italy, with a 2026 Winter Olympics windfall forecast

Italy's criminal syndicates are targeting events, including the Catholic Church's Jubilee in Rome and the 2026 Winter Olympics, as vulnerable...

11.12.2024 20

Fortune

Prarthana Prakash

Amsterdam has long wanted to keep ‘nuisance’ tourists away. First, it banned new hotels and now, it plans to ban cruises

Amsterdam has seen visitor numbers soar in recent years—and it's not a fan. But cracking down on the trend could hurt its tourism industry.

11.12.2024 3

Fortune

Prarthana Prakash

Forget bling, De Beers has found a surprising use for lab-grown diamonds outside of luxury jewelry, and business is booming

While lab-grown diamonds have flourished among Gen Z, De Beers has found success for grown gems elsewhere.

09.12.2024 7

Fortune

Prarthana Prakash

Retail giant Boohoo’s ex-CEO reportedly quit after being stalked and spied on, underscoring growing fears over executives’ security

Boohoo executives reportedly faced stalking and “corporate espionage,” highlighting the need for security for high-profile corporate bosses.

06.12.2024 4

Fortune

Prarthana Prakash

A tech company saw blockbuster results from U.K.’s first medical trial of a 4-day workweek. Yet, it’s ditching the model for one key reason

Before making four-day workweek the norm, there's a need for a “widespread cultural change across the U.K.,” Thrive's co-CEO said.

06.12.2024 40

Fortune

Prarthana Prakash