Latest news with #EUR
Hypebeast
6 hours ago
- Entertainment
- Hypebeast
Japanese Sculptor Kunimasa Aoki Wins 2025 Loewe Foundation Craft Prize
Summary Since its inception in 2016, theLoewe Foundation Craft Prizehas spotlighted artisanal excellence from around the globe. Founded byJonathan Anderson, the prize was launched to reaffirm the Spanish house's ardent devotion to craft, celebrating makers and artists that champion traditional and innovation in their respective mediums. This year marks a transitional moment for the prize: the first edition following Anderson'sdeparture, with Proenza Schouler designers Jack McCullough and Lazaro Hernandez set toleadthe brand into its next chapter. On Thursday night at the Thyssen-Bornemisza National Museum in Madrid, legendary filmmaker Pedro Almodóvar awarded this year's top honor. Taking home the €50,000 EUR prize is Japanese sculptorKunimasa Aokifor his work 'Realm of Living Things 19.' Chosen from more than 4,600 submissions across 133 countries, Aoki's terracotta work stood out for its raw materiality and technical finesse. The jury praised the piece for its 'honest expression of the ancestral coil process' and organic, unfinished beauty. 'In this demonstration of innovative new building techniques, gravity, time and pressure are used to take clay to the limits of its material possibility,'Loeweremarked. Crafted in his signature material, Aoki's winning sculpture is formed from meticulously stacked layers of clay, then coated with a decorative finish of soil, glue and pencil marks, evoking a sense of movement and life within earth's stillness. Based in Kawaguchi, Japan, Aoki studied sculpture at Musashino Art University in Tokyo and later went on to earn a postgraduate degree in art and design. Prior to this year's competition, he also won the Gold Prize at the 9th Japan Art Center Sculpture Competition in Kobe. Special mentions were also awarded to Nigerian designerNifemi Marcus-Bellofor 'TM Bench with Bowl,' and 'Monument' by the Indian collectiveStudio Sumakshi Singh. All 30shortlistedworks, including 'Realm of Living Things 19,' are now on view at the Thyssen-Bornemisza Museum in Madrid through June 29 as a part of the Craft Prize exhibition. Head to the Foundation'swebsiteto learn more about this year's works.
Hypebeast
6 hours ago
- Entertainment
- Hypebeast
Dior Confirms Maria Grazia Chiuri's Departure and Brain Dead Opens Inaugural NYC Outpost in This Week's Top Fashion News
Below, Hypebeast has rounded up the top fashion stories of the week so you can stay up to date on trends in the industry. Early on Thursday,Maria Grazia Chiuriannounced her departure as the creative director ofDior's womenswear and couture lines, ending her nine-year tenure at the French fashion house. The news broke just days after her Cruise 2026 show in Rome, now understood to be her final collection for the house. In 2016, Chiuri made history when she became the first woman to lead Dior since its founding in 1947. Delphine Arnault, chairman and chief executive officer of Christian Dior Couture shared, 'I extend my warmest thanks to Maria Grazia Chiuri, who, since her arrival at Dior, has accomplished tremendous work with an inspiring feminist perspective and exceptional creativity, all imbued with the spirit of Monsieur Dior, which allowed her to design highly desirable collections.' Her tenure was characterized by a distinctly feminist perspective, pushing empowering slogans and collaborating extensively with female artists for her runway show scenography. While her successor has yet to be officially named, rumors suggest thatJonathan Anderson, who was recently confirmed as the creative director for Dior Men, may also take over the womenswear line. The Los Angeles-based creative collectiveBrain Deadhas inaugurated its first retail outpost in New York City, located at 202 Elizabeth Street. The expansion from the West Coast marks a major step for the brand, establishing its presence on the East Coast and offering a physical hub for its diverse community of fans and collaborators. The new store features a playful interior design imbued with eclectic details, including a large hippo art sculpture and fixtures adorned with 3D-printed ornamentation. The move to open a flagship store in New York City reflects Brain Dead's growing community and its affinity for immersive brand experiences. Expected to serve as more than just a retail space, the store functions as a physical hub of the collective's ethos, bridging different worlds, scenes, and perspectives under one roof, much like their existing Brain Dead Studios on Fairfax Street in Los Angeles. Jacquemushas brought all of its business matters under one roof with its very own holdings company, Jacquemus La Maison Mère. Formally founded in March and chaired by designerSimon Porte Jacquemus, the Paris-based company presently operates two branches: Jacquemus La Mode, or the label's ready-to-wear business valued at €530 million EUR, and Jacquemus La Beauté, or the brand's beauty line valued at €46.1 million EUR, per Fashion Network. The entity holds 98.15% of the former and 100% of the latter, which, together, are valued at €576.1 million EUR. It was February when Jacquemus entered its an exclusive beauty partnership withL'Oréalas the French cosmetics conglomerate acquired a 10% minority stake in the company. The following month, Jacquemus appointed Sarah Benady, previously president ofCelineNorth America, as its new chief executive officer to lead the company toward '[becoming] a leading global luxury house.' As Jacquemus continues to eye international growth, Jacquemus La Maison Mère lays the foundation for an ever-expanding brand world that's increasingly reaching into other product categories. Following his star-studded debut atParis Fashion Weeklast January, Mexican-American menswear designerWilly Chavarriais among the prestigiousANDAM Fashion Awards2025 finalists for the Grand and Special Prizes. Joining Chavarria is French mens labelEGONlab, which won the Pierre Bergé Prize in 2021, and three women's designers: Alain Paul, Meryll Rogge, and Zomer. Founded in 1989 by Nathalie Dufour, with the French Ministry of Culture, ANDAM was conceived as an incubator initiative and accolade for assisting young emerging designers on the French and international scene. On this year's selection, Dufour said, 'Whatever their level of development, whether nascent or more established brands, the need for liquidity is a fundamental topic to ensure their perenity,' in a statement for WWD. 'The profiles selected also offer an interesting vision of the different economic models that can be invented to stand out and carve a space in a very competitive industry: B2C strategy, niche positioning, and managed growth, innovative and ecologically committed.' The 2025 ANDAM Fashion Award ceremony will be held on June 20 at 7 pm CEST. As menswear designers, buyers, journalists, and aficionados prepare to gather for the 108th edition ofPitti Uomoat Florence's Fortezza da Basso, Asia-based designers are making a bigger splash than ever. From June 17 to 20, the event will showcase the Spring/Summer 2026 collections of over 730 brands in a winding exhibition-like trade show, and it will host a series of runway presentations from several designers. Those will include previously announced guest of honorHomme Plissé Issey Miyake, guest designersPAF(Post Archive Faction) and Niccolò Pasqualetti, and now,Children of the Discordance. The brand, launched in 2011 by Hideaki Shikama, has established a distinct aesthetic, incorporating sophisticated craftsmanship into deconstructed streetwear, and reworked materials. In collaboration with the Japan Fashion Week Organization, Pitti Uomo has brought on the Hideaki Shikama-led brand to host a 'Special Event' during the trade fair, which will include a runway show, on June 17. Demna-founded Swiss labelVetementshas lost its years-long battle to trademark its brand name in the US. According to a report from The Fashion Law, the U.S. Court of Appeals for the Federal Circuit affirmed the U.S. Patent and Trademark Office's (USPTO) refusals for 'VETEMENTS to be trademarked on May 21, stating that the term 'vetements,' the French word for 'clothing,' is generic when used for garments and retail services. Due to French being a commonly spoken and taught language in the U.S., and the word 'vetements' is directly descriptive of the clothing goods at issue, the court affirmed the Board's decision, according to the report. Regardless of the brand's acquired significance, the USPTO will not accept any further evidence supporting the appeal. The brand, started by siblings Demna andGuram Gvasaliain 2014, attempted to secure a U.S. trademark registration for apparel and online retail services in 2020.
Yahoo
10 hours ago
- Business
- Yahoo
Iba – Acquisition of Own Shares - Completion of the Share Buyback Program
Immediate Release – May 30th, 2025 Louvain-la-Neuve, Belgium, May 30th, 2025 - In accordance with article 8:4 of the Royal Decree of 29 April 2019 executing the Belgian Code on Companies and Associations, Ion Beam Applications SA ('IBA') hereby discloses information in relation to its share buyback program announced on March 24th, 2025. Under this program, IBA has requested a financial intermediary to repurchase up to 650,000 IBA ordinary shares on its behalf under the terms of a mandate with validity until December 31st, 2025, effective as from March 25th, 2025, to cover the company's obligations under long-term incentive plans for management and certain members of its personnel. In the framework of this share buyback program, IBA repurchased 16,651 IBA shares on Euronext Brussels in the period from May 27th, 2025 up to and including May 28th, 2025, as follows: Trade date Shares purchased Average price Min price Max price Buyback amount 27-05-25 9,000 12.15 € 12.08 € 12.20 € 109,369.80 € 28-05-25 7,651 12.24 € 12.10 € 12.28 € 93,644.41 € TOTAL 16,651 12.19 € 12.08 € 12.28 € 203,014.21 € The total number of shares purchased under this program therefore amounts to 650,000, which terminates this program, at an average price of 10.5655 EUR/share. As a result, the current situation with respect to treasury shares (held directly by IBA SA and indirectly through its subsidiary IBA Investments SRL) is the following : Shares Voting rights IBA Investments SRL 51,973 103,946 IBA SA 963,579 1,030,002 Total - Treasury shares 1,015,552 1,133,948 Total - Issued shares 30,282,218 40,514,366 Treasury shares in % 3.35% 2.80% About IBA IBA (Ion Beam Applications S.A.) is the world leader in particle accelerator technology. The company is the leading supplier of equipment and services in the fields of proton therapy, considered as the most advanced form of radiation therapy available today, as well as industrial sterilization, radiopharmaceuticals and dosimetry. The company, based in Louvain-la-Neuve, Belgium, employs approximately 2,100 people worldwide. IBA is a certified B Corporation (B Corp) meeting the highest standards of verified social and environmental performance. IBA is listed on the pan-European stock exchange EURONEXT (IBA: Reuters and Bloomberg More information can be found at: Contact person IBA Thomas Pevenage Investor Relations investorrelations@ Attachment 250530-Buyback-IBA-EN
Yahoo
14 hours ago
- Business
- Yahoo
Equinor Offers $1.75B Bonds
This article was first published on Rigzone here Equinor ASA has entered into underwriting agreements for the sale of debt instruments with a total principal amount of $1.75 billion. The offering consists of $550 million notes due June 2028 with a 4.25 percent interest, $400 million notes due September 2030 with a 4.5 percent interest and $800 million notes due June 2035 with a 5.125 percent interest. The interests are payable semi-annually, according to a regulatory filing Wednesday. The unsecured notes will be issued in denominations of $1,000 and integral multiples of $1,000 in excess thereof. The underwriters are Barclays Capital Inc., BofA Securities Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC and JP Morgan Securities LLC. Equinor Energy AS is guarantor. The offering is scheduled to close June 3. '[T]he net proceeds from the sale of securities will be used for general corporate purposes, which may include working capital, the repayment of existing debt (including debt incurred in connection with acquisitions) or the financing of acquisitions', Equinor told the United States Securities and Exchange Commission. As of the end of the first quarter the Norwegian majority state-owned company had a current finance debt including lease liabilities of $7.03 billion. Non-current finance debt including lease liabilities stood at $22.74 billion, of which $21.16 billion is unsecured and $1.58 billion secured. Total equity was $45.86 billion. Total finance debt and equity was $75.63 billion. Take control of your THOUSANDS of Oil & Gas jobs on Search Now >> Last week Equinor and Polenergia reached financial close securing over EUR 3 billion for the Baltyk II offshore wind project and over EUR 3 billion for Baltyk III (around $6.76 billion in total). The wind projects on the Polish side of the Baltic Sea will have a combined capacity of 1,440 megawatts (720 MW each), enough to power two million Polish homes, according to the 50-50 co-venturers. Full commercial generation is expected 2028. 'The individual project finance packages will fund the capital investment and the other expenses of each of the projects during the construction process, totaling approximately EUR 7.2 billion', Equinor said in a statement May 23. 'Following strong interest from lenders, Baltyk 2 and Baltyk 3 have secured competitive terms and conditions', Equinor added. 'The final group, comprising of around 30 financial institutions, includes the most experienced in the sector along with many of Equinor's core banks, the Nordic Investment Bank and the European Investment Bank'. The EIB pledged EUR 700 million, making it the biggest lender for the projects, the European Union-owned bank said separately. To contact the author, email More From The Leading Energy Platform: Eni to Develop Three PV Plants for Marelli OMV to Build Major Green Hydrogen Plant in Lower Austria Baker Hughes Bags Data Center Gas Turbine Deal JP Morgan Highlights Memorial Day Travel Effect on Global Oil Demand >> Find the latest oil and gas jobs on << 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
Yahoo
15 hours ago
- Business
- Yahoo
Unaudited information of Invalda INVL group for 3 months of 2025
Invalda INVL had equity of EUR 238.1 million at the end of March this year, or EUR 19.82 per share. Those figures were 30.9% and 30.8% larger, respectively, than a year earlier, including the dividends that have been paid out. In January-March 2025, Invalda INVL earned an unaudited net profit of EUR 15.9 million, or 3.4 times more than in the same period last year, when the net profit was EUR 4.7 million. The asset management group recorded EUR 3 million loss for its clients in the first quarter of this year, due to global market corrections. However, the total value of client assets under management grew by 27.9% from a year earlier to more than EUR 1.9 billion at the end of March 2025. 'The main highlight for the start of this year was the successful launch of INVL Private Equity Fund II – a strategically important step for us and currently the largest fund in the Baltics,' says Darius Šulnis, the CEO of Invalda INVL. Strategic core business: asset management and family office activities Invalda INVL's revenue from the management of assets entrusted by clients totalled EUR 3.9 million in the first quarter of 2025, 32.8% more than in January-March 2024. The profit of the strategic core business, which also includes the company's own investments in the products the group manages, was EUR 1.2 million, compared with a profit of EUR 1.4 million in the same period last year. As of 1 April, Andrius Načajus, a finance executive with many years of experience, became the CEO of INVL Asset Management. 'The successful management of entrusted assets, focusing on creating long-term value and delivering appropriate returns to investors is the key priority for our business. Asset divestments are a natural part of this process,' Darius Šulnis notes. 'In the first quarter of this year, the INVL Baltic Sea Growth Fund completed the sale of InMedica Group, Lithuania's largest private healthcare network. That investment is a great example of a rational growth strategy and its consistent implementation: a company that is a leader in its field was created, an exceptionally high return was earned, and thus a significant portion of the capital invested in the fund was returned to investors. We continue to actively grow the fund's portfolio companies and selectively divesting some of them.' 'We're also intensely seeking suitable targets for investments of the INVL Private Equity Fund II. Some processes are already well advanced, so we expect to complete at least two acquisitions by the end of this year,' Šulnis adds. The Invalda INVL group also saw other significant events in the first quarter of 2025. The INVL Renewable Energy Fund I, with operations concentrated in Romania and Poland, successfully completed the offering of an EUR 8 million bond issue in February which was oversubscribed 1.7 times. INVL Asset Management launched the INVL Partner Strategic Lending Fund, which will invest in a vehicle managed by 17Capital, a private credit firm active in North America and Europe, that lends to major global private equity managers. 'We're also pleased with the successful work of the INVL Family Office. It has expanded its client base not only in Lithuania but also in Latvia and Estonia, while increasing their investments,' Invalda INVL's CEO says. In February, the INVL Family Office joined an initiative of the Vilnius Lyceum Alumni Endowment fund. The INVL Family Office will help to create and implement the fund's investment strategy. Equity investments Invalda INVL's other equity investments, aside from the asset management, had a EUR 17.7 million impact on earnings in the first quarter of 2025. This result was positively influenced by the strong performance of the banks in which the company holds stakes, along with their growth in value. Invalda INVL has investments in Artea Bank and in maib, Moldova's largest bank. Maib, showing excellent financial results and sustainable growth in all business segments, earned a record net profit of EUR 20.1 million in the first quarter, while Artea earned EUR 17.35 million. Artea Bank had a positive impact of EUR 15.6 million on Invalda INVL's pretax profit; maid had a positive impact of EUR 0.5 million. 'The profits generated by the agricultural business group Litagra, along with a favorable market environment, provide an optimistic outlook for the future performance of the group and its value,' Darius Šulnis notes. Litagra had a positive impact of EUR 1.6 million on Invalda INVL's result for the first quarter of 2025. Additional information is provided byDarius Sulnis, CEO of Invalda Invalda INVL Group overview 31 03 2025
