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Ralph Lauren Corporation has linked artificial intelligence performance to executive compensation, introducing an AI scorecard that can adjust annual bonuses by up to 10% as the luxury fashion group prioritises AI adoption, retail productivity and operational efficiency. Representative image.

Ralph Lauren puts AI into executive bonus scorecard as $RL gains 15% in a month

Richemont, owner of Cartier and Van Cleef & Arpels, is reportedly considering joining a consortium bidding for Anglo American’s De Beers diamond business, potentially valued at around $1 billion, as luxury jewellery groups weigh greater control over natural-diamond supply amid industry pressures. Representative image.

Could Richemont joining a De Beers bid turn Cartier’s owner into a diamond supply-chain investor?

Temu, owned by PDD Holdings, faces stricter U.S. data privacy and product safety requirements following its $3 million Texas settlement, raising questions about regulatory compliance costs, marketplace profitability and the future of its low-price e-commerce model. Representative image.

Temu Texas settlement raises the cost of U.S. growth as PDD shares remain near annual lows

KFC is replacing PepsiCo with Coca-Cola across approximately 3,600 U.S. restaurants from January 2027, ending a nearly 40-year beverage partnership as Yum! Brands seeks to revitalise its American fast-food business. Representative image.

KFC drops Pepsi for Coca-Cola across 3,600 U.S. restaurants as cola rivalry shifts again

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Chemical Industry News

Synthomer announces £276m rights issue for capital reorganisation and debt reduction

Global specialty chemical producer Synthomer plc announced plans to raise approximately £276 million through a rights issue. The…

byPallavi Madhiraju

September 12, 2023

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