Michelle Gass, the former CEO of Kohl’s, has officially become the new president and CEO of Levi Strauss & Co. (LS&Co.), succeeding Chip Bergh who led the company for over a decade. Gass aims to transform LS&Co. into a global leader in denim lifestyle apparel and a direct-to-consumer (DTC)-first organization. To support her vision, Gass…
Netpoleon and Adaptive Shield join forces to secure SaaS apps in ANZ
Netpoleon, a leading value-added security solutions distributor, and Adaptive Shield, a SaaS security leader, announced their partnership to help businesses in Australia and New Zealand (ANZ) grow with SaaS applications while staying safe. The partnership will address the growing demand for SaaS Security Posture Management (SSPM) solutions in the region, as SaaS data breaches have…
Aura Energy appoints Andrew Grove as new CEO
SYDNEY, AUSTRALIA: Aura Energy Limited, a company focused on developing the Tiris Uranium Project in Mauritania, has announced the appointment of Andrew Grove as its new Managing Director and Chief Executive Officer, effective from January 30, 2024. Mr Grove is a seasoned mining and finance executive with more than 30 years of experience across multiple…
Close the Loop announces new soft plastic recycling facility, appointment of North American CEO
SYDNEY, AUSTRALIA: Close the Loop Limited (ASX: CLG), a leading provider of sustainability solutions, has announced two major developments: the completion of a new soft plastic recycling facility in Melbourne and the appointment of a new North American CEO. The new facility, which will start generating revenue in early 2024, is part of the company’s…
Propel Funeral Partners expands its presence in NZ with Southern Funeral Home acquisition
SYDNEY, AUSTRALIA: Propel Funeral Partners Limited (ASX: PFP), a leading provider of funeral and related services in Australia and New Zealand, has announced that it has signed a conditional sale agreement to acquire Southern Funeral Home, a well-established funeral business that operates from five locations in New Zealand. The acquisition, which is expected to be…
What to expect from Apple’s M3 MacBook Air and iPad launch in March 2024
Apple fans are eagerly awaiting the company’s next big event, where it is expected to unveil new iPads and Macs powered by the M3 chip. The M3 is Apple’s latest and most powerful processor, designed to deliver blazing-fast performance and efficiency across its devices. According to Bloomberg’s Mark Gurman, who has a reliable track record…
Uniscale AS has agreed to acquire Acerat Limited
OSLO, NORWAY: Uniscale AS, a 100% owned subsidiary of CodeLab Capital AS, has agreed to acquire Acerat Limited to strengthen the inhouse development team. Acerat is a well-known provider of consultant services to Uniscale for several years. The cost base of Uniscale AS will not change, but as a consequence the consultant costs will be…
Westinghouse Electric appoints new CTO to lead innovation strategy
Westinghouse Electric Company, a global leader in nuclear and clean power technologies, has named Lou Martinez Sancho as its new Chief Technology Officer and Executive Vice President of R&D and Innovation. Martinez Sancho will oversee the company’s research and development portfolio and drive its innovation agenda. Martinez Sancho has more than 20 years of experience…
American Business Bank reports second best year of net income in 25 years
American Business Bank (OTCQX: AMBZ) announced its financial results for the fourth quarter and the full year of 2023. The bank reported a net income of $11.4 million or $1.23 per share for the fourth quarter, an increase of 11% from the previous quarter and a decrease of 19% from the same quarter last year….
GFT Technologies SE acquires Sophos Solutions from Advent
GFT Technologies SE (GFT), a global leader in digital transformation, announced that it has agreed to buy 100% of shares in Sophos Solutions S.A.S., a Colombian company specialized in core banking, AI and cloud modernization. The deal, which is expected to close in early February 2024, will boost GFT’s growth and profitability, as well as…
Philips reports strong sales and profit growth in 2023
AMSTERDAM: Philips, a global leader in health technology, announced its 2023 financial results, showing a 7% increase in comparable sales and a 10.5% increase in adjusted EBITA margin. The company also generated a free cash flow of EUR 1,582 million, up from EUR 1,018 million in 2022. The company attributed its strong performance to the…
Amazon and iRobot call off $2.5 billion deal amid regulatory hurdles
Amazon and iRobot, two leading companies in the consumer robotics market, have mutually agreed to cancel their planned merger, which was announced in August 2022. The deal, valued at $2.5 billion, would have given Amazon access to iRobot’s popular products, such as the Roomba vacuum cleaner and the Braava mop, and enabled iRobot to benefit…