Latest news with #Stockholm-based
Business of Fashion
2 days ago
- Business
- Business of Fashion
Ben Gorham to Exit Byredo
Ben Gorham will leave Byredo at the end of June, stepping away from the brand he founded in 2006. The departure comes two years after Puig acquired full ownership of the Stockholm-based fragrance and lifestyle company. Gorham had agreed to stay on through mid-2025 as part of Puig's acquisition terms, maintaining creative oversight during the transition. His exit finalizes Puig's integration of the brand, which it purchased amid preparations for its stock market debut last May. Byredo was valued at over €1 billion ($1.15 billion) at the time of the 2022 deal, and has since expanded across categories including cosmetics, leather goods and jewellery. The brand's makeup line, launched in 2020, was developed with artist Isamaya Ffrench and later overseen by Lucia Pica. Puig's portfolio includes brands like Rabanne, Charlotte Tilbury and Dries Van Noten. The Spanish group is positioning itself as a major player in high-end fragrance and beauty, segments that continue to perform well despite weakness in other areas of the luxury market. Learn more: Byredo's Ben Gorham on Propelling a Niche Brand to Global Success For 'The State of Fashion: Beauty' founder Ben Gorham breaks down Byredo's journey to its recent acquisition by luxury group Puig and how indie labels can flourish in a crowded market.
India Gazette
4 days ago
- Politics
- India Gazette
India expanded its nuclear stockpile in 2024 SIPRI
New Delhi is believed to have 180 nuclear-stored warheads, according to the Stockholm-based institute India expanded its nuclear arsenal in 2024 and continues to develop new types of delivery systems for the weapons, according to a report from the Stockholm International Peace Research Institute (SIPRI) published on Monday. SIPRI is an independent international institute that conducts research on conflict, armaments, arms control and disarmament. According to the SIPRI 2025 yearbook, India had 180 nuclear stored warheads as of January 2025, while Pakistan had an estimated 170. India has strengthened its nuclear triad by commissioning its second domestically built nuclear-powered submarine, the 'INS Arighaat', which can launch strategic weapons from the sea, in addition to land and air-based capabilities, the SIPRI noted. India's nuclear policy, established in 2003, states that the country will only use nuclear weapons in response to a nuclear attack on its territory or forces, and will not be the first to conduct a nuclear strike in a conflict. SIPRI, which updates its global nuclear forces data annually, said Pakistan is continuing to develop new nuclear delivery systems and produce more fissile material, indicating a potential expansion of its nuclear arsenal in the coming years. According to the Stockholm-based institute, Russia and the US have the largest nuclear stockpiles, with 5,459 and 5,177 warheads, respectively. A recent report by SIPRI pointed out that globalmilitary spendingincreased more year-on-year in 2024 than at any time since the Cold War. Russia, China, India, Pakistan, and North Korea all have missiles that can carry both nuclear and conventional warheads and are modernizing these systems, the institute said. China has 600 nuclear warheads, 24 of which are ready for use, and has developed missiles that can carry multiple warheads, a capability that India, Pakistan, and North Korea are also trying to develop, it added. (
India Gazette
4 days ago
- Politics
- India Gazette
India expanded its nuclear stockpile in 2024
New Delhi is believed to have 180 nuclear-stored warheads, according to the Stockholm-based institute India expanded its nuclear arsenal in 2024 and continues to develop new types of delivery systems for the weapons, according to a report from the Stockholm International Peace Research Institute (SIPRI) published on Monday. SIPRI is an independent international institute that conducts research on conflict, armaments, arms control and disarmament. According to the SIPRI 2025 yearbook, India had 180 nuclear stored warheads as of January 2025, while Pakistan had an estimated 170. India has strengthened its nuclear triad by commissioning its second domestically built nuclear-powered submarine, the 'INS Arighaat', which can launch strategic weapons from the sea, in addition to land and air-based capabilities, the SIPRI noted. India's nuclear policy, established in 2003, states that the country will only use nuclear weapons in response to a nuclear attack on its territory or forces, and will not be the first to conduct a nuclear strike in a conflict. SIPRI, which updates its global nuclear forces data annually, said Pakistan is continuing to develop new nuclear delivery systems and produce more fissile material, indicating a potential expansion of its nuclear arsenal in the coming years. According to the Stockholm-based institute, Russia and the US have the largest nuclear stockpiles, with 5,459 and 5,177 warheads, respectively. A recent report by SIPRI pointed out that global military spending increased more year-on-year in 2024 than at any time since the Cold War. Russia, China, India, Pakistan, and North Korea all have missiles that can carry both nuclear and conventional warheads and are modernizing these systems, the institute said. China has 600 nuclear warheads, 24 of which are ready for use, and has developed missiles that can carry multiple warheads, a capability that India, Pakistan, and North Korea are also trying to develop, it added.
Yahoo
11-06-2025
- Business
- Yahoo
Elekta appoints Jakob Just-Bomholt as CEO
This story was originally published on MedTech Dive. To receive daily news and insights, subscribe to our free daily MedTech Dive newsletter. Name: Jakob Just-Bomholt New title: CEO, Elekta Previous title: CEO, 3Shape Elekta has appointed Jakob Just-Bomholt as president and CEO. Just-Bomholt will take up the positions on Sept. 1, filling a vacancy created in March when the cancer radiotherapy company's board decided a new leader was needed to improve profitability and growth. Stockholm-based Elekta competes with Siemens Healthineers' Varian in the radiotherapy market. Elekta is looking to its new Evo radiation therapy machine to strengthen its position. However, while the device is on the market in Europe, helping drive 3% global sales growth in the most recent quarter, Elekta has yet to launch Evo in the U.S. The company has said U.S. customers are waiting for Evo, suppressing sales. Just-Bomholt will oversee Elekta's attempt to recover in the U.S. and in China, where sales have been hit by the anti-corruption drive, and build on momentum in Europe. The executive stepped down as CEO of 3Shape, a Danish digital dental scanning firm, earlier this year. The privately held 3Shape said in a statement at the time that Just-Bomholt spent 'five successful years' as CEO. Laurent Leksell, Elekta's founder and chairman, said in a statement that Just-Bomholt is well-suited to his new role. Leksell cited Just-Bomholt's strategic leadership, international experience and ability to drive profitable growth and global expansion as evidence he is the right person for the job. Just-Bomholt is set to begin onboarding in August, working with interim CEO Jonas Bolander to transition into the CEO post on Sept. 1. Bolander has spent his time as interim CEO 'stabilizing and simplifying the business,' the executive said on an earnings call late last month, and oversaw a change in Elekta's plans for bringing Evo to the U.S. market. Elekta withdrew its filing for clearance of Evo, and as of the May 28 earnings call, was in the process of resubmitting its application. Bolander said the change in filing strategy is intended to better align with the Food and Drug Administration's approval process, with a greater focus on cybersecurity. The interim CEO expects the delay to have a 'limited' impact on the overall product launch. Recommended Reading Elekta CEO Gustaf Salford to leave after board sees need for new leader Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
09-06-2025
- Business
- Time of India
H&M owners quietly buying its shares
HighlightsHennes & Mauritz, the fast-fashion retailer listed on the Swedish stock market since 1974, is moving closer to potential private ownership as the founding family increases their share purchases. The Persson family, one of Sweden's wealthiest families, has invested over $6.6 billion since 2016 to raise their stake in Hennes & Mauritz from 35.5 percent to nearly 64 percent through their holding company Ramsbury Invest. Despite growing speculation about taking Hennes & Mauritz private, family members have denied any intentions to do so, stating they simply 'believe' in the company founded in 1947 by Erling Persson. Hennes & Mauritz (H&M), the fast-fashion retailer that's been listed on the Swedish stock market since 1974, is steadily moving back towards private ownership. The founding family has stepped up purchases of H&M shares, spending more than $6.6 billion since 2016 to amass nearly two-thirds control and fuelling speculation it could take the Stockholm-based company back into private hands — despite denials from family members. The Perssons, one of Sweden's wealthiest families, has ramped up insider buying by reinvesting dividends, boosting its H&M stake to almost 64 per cent from 35.5 per cent over the past nine years through a holding company Ramsbury Invest , saying little about their intentions other than that they 'believe' in H&M, founded in 1947 by Erling Persson.
