Camping World Holdings, Inc. (NYSE: CWH) announced today that it will buy Edmundson RV, a Forest River exclusive dealer in Edinburgh, Indiana. The deal is expected to close in the first quarter of 2024 and will add 34 service bays and 18 acres to Camping World’s network of RV sales and service locations. This will…
Wilko to vanish from high street as rescue bid fails
The UK retail chain Wilko is facing closure after the collapse of a rescue bid by HMV owner Doug Putman, leaving more than 12,000 jobs and 400 stores at risk. Mr Putman had been in talks with administrators PwC to take over 300 Wilko stores, but the deal fell through due to rising costs and…
UK’s leading retailers to fund police operation to tackle shoplifting epidemic
John Lewis boss says shoplifting has become an ‘epidemic’ Shoplifting has become an “epidemic” in the UK, with incidents not always investigated by police, according to the boss of John Lewis. Dame Sharon White, chairwoman of the John Lewis Partnership, said shop workers are facing “abuse and attacks” from thieves. She is among 10 of…
Apple may discontinue iPhone 13 Mini after Wonderlust Event
Apple is set to unveil the iPhone 15 series at its Wonderlust event on September 12, along with other exciting devices such as the Apple Watch Series 9. However, this also means that some older models will be discontinued, including the iPhone 13 mini. The iPhone 13 mini, which was launched last year as a…
UK wage growth matches inflation for first time in two years
UK workers have seen their real wages stay flat for the first time since October 2021, as pay growth matched inflation at 7.8% in the three months to July, according to official figures. The Office for National Statistics (ONS) said average regular weekly earnings growth remained at a record high, while total pay including bonuses…
Vmoto Soco France (VSF) to acquire its exclusive French distributor, Mujoo France
SYDNEY, AUSTRALIA: Vmoto Limited’s wholly owned subsidiary, Vmoto Soco France sas (VSF), has agreed with the administrator to acquire the business and certain assets of its exclusive French distributor, Mujoo France for total cash consideration of approximately €195k (A$325k). The final sale and purchase agreement is expected to be completed in October 2023. The acquisition…
GlobalFoundries opens new $4 billion fab in Singapore as part of global expansion
A new semiconductor fabrication plant worth $4 billion was launched in Singapore on Tuesday by GlobalFoundries, the U.S chipmaker that ranks third in the world in contract chipmaking. The new facility, which covers 23,000 square meters (248,000 square feet), will have a production capacity of 450,000 300 millimetre wafers a year when it reaches full…
Kunze-Concewitz to step down as Campari CEO in April, Fantacchiotti to take over
After 16 years of leading beverage maker Davide Campari-Milano NV, Chief Executive Officer Bob Kunze-Concewitz has announced his retirement, which will take effect in April next year. The company has appointed Matteo Fantacchiotti, the managing director for the Asia-Pacific region, as the deputy CEO starting from now. He will work closely with Kunze-Concewitz to ensure…
Toko and Virtuzone sign collaboration to launch Dubai’s first tokenised equity crowd funding platform
DUBAI, UAE: TOKO FZE a leading innovator in the FinTech sector, born out of global law firm DLA Piper, announces a transformative strategic partnership with Virtuzone, a pioneer in business solutions and corporate services for the region. The establishment of a tokenized equity crowd-funding platform will further cement Dubai’s standing at the forefront of financial…
Exclusive Networks signs deal to acquire Ingecom
PARIS, FRANCE: Exclusive Networks (Euronext Paris: EXN), a global leader in cybersecurity, has signed an agreement to acquire Ingecom, a Value Added Distributor (VAD) 100% specialized in cybersecurity and cyber intelligence solutions to accelerate Ignition Technology expansion in Southern Europe. Founded in 1996, Ingecom, a Spanish value-added distributor, specialized in cybersecurity and cyber intelligence solutions…
Smurfit Kappa and WestRock join forces to create global sustainable packaging leader
LONDON, UK: Smurfit Kappa and WestRock have announced the signing of a definitive transaction agreement to merge their operations and create a new entity, Smurfit WestRock. The combination of these two industry giants is poised to establish a global leader in sustainable packaging, with the transaction agreement marking a pivotal milestone in this strategic endeavor….
Jitty, an AI-powered property search engine, raises $2 million in pre-seed funding
Jitty, a London, UK-based startup that is building an AI-powered property search engine, has raised $2 million in pre-seed funding from a group of investors, including Gradient Ventures, Google’s AI fund. The company, founded by Graham Paterson, James Storer and Daniel Cooper, aims to show users everything about every home by reading floor plans and…