Prada is expected to acquire the luxury brand Versace, which is owned by Capri Holdings, in a deal estimated to reach $1.6 billion. Following reports of the deal, the shares of both companies surged.
Lee Jacobs said the new fund, announced Wednesday, is inspired in part by his reaction to Hamas’ Oct. 7, 2023, attack on Israel.
Yaron Bloom, CEO of the Diplomat Group, participated in the Maariv and Walla 2025 Economic Conference, where he also addressed the "What's Good for Europe is Good for Israel" reform.
"We've brought orange back to life – not just metaphorically, but as a core part of our brand identity," Electra Consumer Products Group CEO Zvika Shwimmer said.
Blavatnik is not fully divesting from the channel, choosing instead to continue investing several million dollars in the coming months to ensure the financial stability of the network.
A new Israeli venture makes literature more accessible and alluring for busy consumers.
The highest bonus went to the pilots: 6% of the pre-tax profit, or nearly $41 million
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