Tag: Euro

AcquisitionsBusiness

L’Oreal Acquires Kering’s Beauty Portfolio in €4 Billion Strategic Expansion

In a major luxury sector consolidation, L’Oreal has agreed to acquire Kering’s beauty business for €4 billion. The deal includes the prestigious Creed fragrance house and licensing rights for Gucci, Bottega Veneta, and Balenciaga beauty products, according to company announcements.

Major Luxury Beauty Acquisition

French beauty conglomerate L’Oreal has reached a definitive agreement to acquire the beauty division of rival French company Kering in a transaction valued at €4 billion ($4.66 billion), according to reports released Sunday. The all-cash deal represents one of the most significant consolidations in the luxury goods sector in recent years and is expected to close during the first half of 2026.

by Samuel Kim
BlockchainTechnology

Crypto Industry Faces Ideological Rift as Major Players Embrace Centralized Blockchain Models

The cryptocurrency industry is experiencing a significant cultural divide as established financial institutions and tech giants increasingly dominate blockchain development. Recent moves by Ethereum Foundation researchers and major corporations signal a shift toward centralized models that contrast with Bitcoin’s original decentralized vision.

Industry Shifts Highlight Crypto’s Evolving Landscape

The cryptocurrency sector is experiencing a deepening ideological divide as high-profile moves within the industry signal a shift toward more centralized models, according to industry observers. The recent transition of Ethereum Foundation researcher Dankrad Feist to stablecoin-focused blockchain startup Tempo has sparked discussions about the direction of blockchain technology development and its alignment with Satoshi Nakamoto’s original vision.

by Samuel Kim
AIRobotics

Romanian AI Startup .lumen Expands from Assistive Tech to Urban Delivery Robots with €11M EU Grant

Romanian DeepTech firm .lumen, known for AI-powered glasses aiding the visually impaired, has received an €11 million grant to develop autonomous delivery robots. The project aims to deploy sidewalk-navigating robots for urban logistics, marking a significant expansion of the company’s AI vision technology.

From Assistive Technology to Urban Logistics

Romanian startup .lumen is expanding its artificial intelligence vision technology from assisting the visually impaired to powering urban delivery robots, according to recent reports. The Cluj-Napoca-based company has secured an €11 million grant for its “PABLO – Autonomous Robots for Urban Delivery” project, funded under the European Union’s Intelligent Growth, Digitalization, and Financial Instruments Programme 2021-2027.

by Samuel Kim