Gucci

Gucci's CEO and Creative Director to Step Down Next Year

Gucci, the famous luxury fashion brand, is all set to see some major changes at its top-level management as its CEO Patrizio di Marco and creative director Frida Giannini will be stepping down from their respective posts next year. Dec 13, 2014
Russian having a cup of tea

Tea Exports to Russia a Losing Proposition

Russia, the world's largest importer of tea has come under pressure from the fall in ruble, leading to margins coming under severe pressure for Indian exporters. Dec 11, 2014
Abercrombie & Fitch

Abercrombie & Fitch CEO Mike Jefferies Steps Down

Michael Jefferies, the controversial CEO of Abercrombie & Fitch stepped down from his post on Tuesday effective immediately, marking the end of a two-decade long career that saw several ups and downs. Dec 10, 2014
Citigroup

Citi Group Nears Japan Exit; SMBC to Buy Bank's Retail Unit

Citi Group, the third-largest US bank, has reportedly entered into advanced talks with SMBC, a unit of Sumitomo Mitsui Financial Group, to sell its retail banking unit in Japan as the sector has been grappling with losses. Dec 10, 2014