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Vietnamese PM calls for concerted efforts for 8% GDP growth in 2025

Prime Minister Pham Minh Chinh has urged Vietnamese officials for concerted efforts to achieve a GDP growth rate of at least 8 per cent in 2025, higher than the National Assembly’s 6.5-per cent target.
The focus will be to stabilise the macro-economy, control inflation and ensure major balances.
He called for a green transition, a hike in disbursement and a rise in efficiency of public investment.Read More

24.12.2024Comments Off,
Americas’ Saks Global completes acquisition of Neiman Marcus

Saks Global has acquired Neiman Marcus Group for $2.7 billion, uniting luxury brands Neiman Marcus, Bergdorf Goodman, Saks Fifth Avenue, and Saks OFF 5TH.
Emily Essner becomes president & chief commercial officer, while Marc Metrick and Ian Putnam lead key divisions.
Executive chairman Richard Baker highlighted plans to redefine luxury retail with innovation and prime real estate.Read More

24.12.2024Comments Off,
US’ Nordstrom Family & Liverpool announce $6.25 billion buyout deal

Nordstrom, Inc. will go private in a $6.25 billion deal, with the Nordstrom family and Liverpool acquiring outstanding shares at $24.25 each, a 42 per cent premium.
The Board approved the move following a special committee review.
The family will hold a majority stake, aiming to enhance value and secure Nordstrom’s future, with a $0.25 special dividend contingent on closure.Read More

24.12.2024Comments Off,