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Prarthana Prakash

Prarthana Prakash

Fortune

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Trump’s return sends record number of Americans looking to ‘upgrade to citizenship’ in the U.K.

“[Some] Americans are now looking for a way to come here short of citizenship, to at least get into the country and leave the U.S.,” an...

previous day 6

Fortune

Prarthana Prakash

CEO Leena Nair traveled 48 hours cross-country to do an MBA that launched her career. Now, she leads one of the world’s biggest fashion houses

“As far as my family was concerned, that was another planet," Chanel's Leena Nair said. The bet paid off as she then built a 30-year career at...

28.02.2025 10

Fortune

Prarthana Prakash

WPP stock slumps 15% as ad spending takes a back seat, pushing 2024 revenues down

WPP's CEO Mark Read noted that the revenue slip was partly due to “weaker client discretionary spend.”

27.02.2025 10

Fortune

Prarthana Prakash

Swatch became the elite Swiss watch industry’s crusader by making colorful plastic timepieces. Now it’ll have to prove itself once again

Swatch Group catapulted to fame with its motley of colorful plastic watches, credited with saving the entire Swiss watch industry. It’s since seen...

26.02.2025 10

Fortune

Prarthana Prakash

Milan Fashion Week dazzles with Gucci opening, but luxury sector struggles with slowdown

As Milan’s runways light up with glamour, the fashion world grapples with slumping sales, China’s slowdown, and a luxury market under pressure.

25.02.2025 10

Fortune

Prarthana Prakash

Unilever bets on ‘maverick’ new CEO to accelerate shake-up, ousting Hein Schumacher

"The step-up from CFO to CEO by Fernandez will be liked by many investors," Jefferies analyst David Hayes said of the Unilever CEO transition.

25.02.2025 30

Fortune

Prarthana Prakash

Hermès’s stunning success raises the question: What’s everyone else in luxury doing wrong?

Hermès’s executive chairman believes “it’s not the success of Hermès, but the world came to us,” he said during an earnings call.

14.02.2025 10

Fortune

Prarthana Prakash

Unilever warns of a ‘subdued’ start to 2025 as ice cream triple-listing looms, knocking investor confidence

“Consistency is not about one good year. We know there is a lot still to do," Unilever CEO Hein Schumacher said.

13.02.2025 10

Fortune

Prarthana Prakash

Heineken’s blockbuster results driven by premium beer and 0.0 drinks as European stocks reach record high

CEO Dolf van den Brink said Heineken would continue to investments through 2025 as part of its “EverGreen Strategy” to future-proof the brewer.

12.02.2025 20

Fortune

Prarthana Prakash

Kering CEO not too concerned about the impact of tariffs as the Gucci owner says moving production to the U.S. ‘makes no sense’

“Most of our brands, we're producing in Italy and in France… we're selling a part of our culture," Kering CEO Francois-Henri Pinault said.

11.02.2025 30

Fortune

Prarthana Prakash

Exclusive: Nestlé is expanding its $20 billion ‘emotional’ pet foods as it hones in on its top-performing brands

Many pet owners are “humanizing” their pets, creating demand for a wider variety of products, Nestlé told Fortune exclusively.

11.02.2025 20

Fortune

Prarthana Prakash

Kering hoped a big turnaround would save its flagship brands. With Gucci’s creative director gone, is the revival already unraveling?

Turning Gucci around is crucial to Kering as it "can no longer afford to get it wrong" an expert told Fortune.

10.02.2025 10

Fortune

Prarthana Prakash

Billionaire L’Oreal heiress Francoise Bettencourt Meyers retires and passes on board role to her son

Bettencourt Meyers is a third-generation L'Oreal heir and has spent 28 years on its board. Her two sons are also board directors.

07.02.2025 10

Fortune

Prarthana Prakash

Carlsberg expanded its business, thanks to the brewer’s bet on non-alcoholic drinks—but it may have to slow down in 2025

CEO Jacob Aarup-Andersen said that Carlsberg's game plan "is to have a broad portfolio of brands with alcohol-free line extensions."

07.02.2025 20

Fortune

Prarthana Prakash

Temu, Shein and Amazon to be held liable by the EU for the dangerous and illegal products they sell, report says

High number of "products that are unsafe, counterfeit or otherwise non-compliant leads to serious safety and health risks," the draft proposal said,...

03.02.2025 10

Fortune

Prarthana Prakash

Danish wind giant Orsted replaces its CEO with shares down 83% and Trump pressures looming

Orsted was in the fossil fuels business as "Danish Oil and Natural Gas" for much of its lifetime. It's renewable energy pivot is hurting in the U.S....

31.01.2025 10

Fortune

Prarthana Prakash

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.

30.01.2025 10

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.

30.01.2025 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.

29.01.2025 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...

29.01.2025 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.

29.01.2025 50

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.

29.01.2025 7

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 3

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 4

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 6

Fortune

Prarthana Prakash

The people we think shaped European business in 2024

Fortune set out to pick the leaders who've kept Europe at the center of global debates in 2024. Their presence portends the year to come.

30.12.2024 8

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