Business

Les Wexner out as Victoria’s Secret goes private

Lex Wexner has been forced to step down as part of a deal which sees New York-based private equity firm Sycamore Partners pay US$525 million for a controlling 55% stake in the business, taking it private

Australian Securities Exchange launch its own ‘Nasdaq’

The All Tech Index operates under an S&PDJI methodology and at launch will have 46 constituents with a combined market capitalisation of over A$100 billion. In total, there are more than 200 listed technology companies on the Australian Securities Exchange valued at almost A$115 billion.

Renault’s electric vehicle Dacia to break price model

Dacia's electric vehicle is speculated to be based on an existing model, with motoring press reporting that it will be a version of the Renault City K-ZE electric car that is produced and sold in China for about 8,000 euros

Elon Musk ensures Bill Gates never buys a Tesla

Bill Gates spoke about the advent of electric vehicles and said that the limited distance travelled between battery charges, the time taken to recharge the battery, and the "premium" cost of electric vehicles were all factors stopping people buying EVs

Jaguar Land Rover’s future direction

Delivered through relentless innovation, the company’s focus is on achieving a future of zero emissions, zero accidents and zero congestion through its products, services and across its facilities.

Apple issues profit warning to investors

Apple Inc said that all of its iPhone manufacturing facilities are outside Hubei province, the epicenter of the coronavirus outbreak, and manufacturing facilities have reopened after an extended shutdown.