Funds Locked in Synapse Set to Be Returned by Year-End, According to Trustee Announcement
2 months ago
In a significant development for investors impacted by the freezing of funds in the Synapse platform, the trustee has confirmed that affected parties can expect their funds to be restored by the end of this year. This update comes after a challenging series of events that left many investors anxious about their assets' status.
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Richemont Finally Offloads Yoox Net-a-Porter to German Rival in Strategic Move
3 months ago
In a significant development in the luxury fashion industry, Compagnie Financière Richemont SA has successfully completed the much-anticipated sale of its online retail platform, Yoox Net-a-Porter (YNAP), to its German competitor, Global Fashion Group (GFG). This strategic transaction marks a notable shift in the competitive landscape of online luxury retail, with implications likely to ripple across the industry.
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