Bain & Company
Luxury sector impatient for return of Chinese tourists
The European luxury sector is welcoming the end of pandemic lockdowns in China, as the return of big-spending Chinese tourists could sustain further growth.
Prior to the pandemic, Chinese tourists visiting Europe were a major source of sales for luxury houses.
Alpha Bank in talks with Cerberus, PIMCO to sell $11 billion of bad loans, say sources
Greece's Alpha Bank is in talks with at least five US investment firms including Cerberus and PIMCO in a fresh attempt to offload a portfolio of bad debt worth more than 10 billion euros ($11.3 billion), two sources told Reuters.
Market to be flooded with properties
Over 20,000 properties of all types are expected to come on the market in the coming years, either through direct sales or auctions, with an obvious impact on prices.
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Apple, Dell join bid for Toshiba chips
U.S. tech titans Apple and Dell have joined a bid to buy Toshiba's memory chip business, a deal seen as key to the survival of the cash-stripped Japanese industrial conglomerate, the US investor leading the consortium has said.
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Japan's faded titan selling the family silver
At a train station used by hundreds of workers at struggling Japanese electronics giant Toshiba, an advert is apparently trying to poach staff worried by their employer's precarious financial position.
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