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15:43
The Iran war casts a shadow over De Meo's path to revival, while Gucci's sales downturn continues
This fashion giant, with a market capitalization of 33 billion euros (approximately 39 billion US dollars), stated that this is just the "first step" of its recovery plan. Gucci's sales in the first quarter (January-March) reached 1.35 billion euros, slightly below analysts' expectations and marking the 11th consecutive quarter of declining sales for the brand. Previously, analysts at Visible Alpha had expected the brand's revenue to be around 1.37 billion euros. Expand
15:41
Citadel's Griffin: Iran war threatens global economic recession
"For the world economy, this is indeed a very, very dangerous moment," the Citadel CEO said at the Semafor World Economic Forum. "From a global macroeconomic perspective... the key indicator is whether it is possible to resume the continuous export of energy products from the Middle East, without taxation or interference."
15:26
BP will simplify its corporate structure and restructure into two main business units.
Golden Ten Data April 14|A spokesperson for BP stated that under the leadership of the new CEO Meg O'Neill, the group will be restructured into two main business units, responsible for upstream and downstream operations respectively. O'Neill took office on April 1, becoming its fifth CEO since 2020.
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