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  • LVMH revamps digital approach as star hire leaves for start-up
    Business
    Reuters

    LVMH revamps digital approach as star hire leaves for start-up

    Louis Vuitton LVMH is set to rejig the team that oversees its online strategy after Ian Rogers, recruited from Apple as the group's digital chief in 2015, left to join a French start-up focused on cryptocurrencies. Rogers said in a note posted on his Twitter account that he would remain an adviser to Paris-based LVMH, the world's biggest luxury goods group. LVMH, meanwhile, is set to promote Michael David, a Vuitton executive in charge of online retail at the brand, to a new group-wide role as chief omnichannel officer, according to an internal memo seen by Reuters.

  • GM will not take a stake in Nikola
    Business
    Yahoo Finance

    GM will not take a stake in Nikola

    Nikola and GM revise the terms of their previous headline-grabbing deal.

  • Business
    Reuters

    German inflation falls deeper into negative territory after VAT cut

    German annual consumer prices fell further in November, pushed down by a VAT cut introduced as part of the government's stimulus push to help Europe's largest economy recover from the coronavirus shock, data showed on Monday. Consumer prices, harmonised to make them comparable with inflation data from other European Union countries, fell 0.7% year-on-year after shrinking by 0.5% in the previous month, the Federal Statistics Office said. "The inflation rate is influenced, among other things, by the reduction in value-added tax that came into force on 1 July 2020," the office said in a statement.