Latest news with #TWG
1News
28-05-2025
- Business
- 1News
The Warehouse Group appoints new chief executive
The Warehouse Group has appointed chief financial officer Mark Stirton as its new chief executive. Stirton had been assisting interim group chief executive John Journee since former CEO Nick Grayston's departure in May last year following a difficult period for the company. Stirton, who joined the group last year, will assume the role from August 1. "After a comprehensive search, we are delighted that Mark has accepted the group CEO position," said Warehouse Group chair Dame Joan Withers. "Mark's understanding of TWG, his energy, drive to modernise, extensive retail experience and proven ability to deliver on the execution of strategy make him the ideal leader to accelerate the improvement programme that we have under way." ADVERTISEMENT The Warehouse Group has named Mark Stirton as its new chief executive. (Source: The Warehouse Group) Stirton said he felt "privileged" to lead one of New Zealand's most well-known businesses. "The Warehouse is a much-loved brand and plays an important role in Kiwis' lives. We need to build on our progress made to date to deliver further value for our customers, team members and our shareholders." Earlier this month, the group reported that total sales for the third quarter rose 2.2% to $710.5 million when compared with the same period last year. Group gross profit was down 2% on the previous period to $223.3 million. The Warehouse Group currently operates three primary brands: The Warehouse, Warehouse Stationery and Noel Leeming.
The South African
12-05-2025
- Business
- The South African
KwaZulu-Natal welcomes delegates to G20 Tourism Working Group meeting
KwaZulu-Natal Premier Thamsanqa Ntuli has expressed pride in the province's role in shaping international tourism discourse, as the second G20 Tourism Working Group (TWG) meeting kicked off in Durban. Welcoming the international delegates attending the second G20 Tourism Working Group meeting on Sunday, Ntuli highlighted KwaZulu-Natal's diverse offerings, from cultural heritage and natural beauty to world class hospitality, and innovation, as pillars of its appeal for global tourism partnerships and investment. 'This is more than a meeting. It is a statement that KwaZulu-Natal is ready to lead, connect, and contribute on the global stage. We are honoured to host the world's tourism leaders and share our vision for a sustainable tourism economy that creates jobs, drives growth, and uplifts communities,' Ntuli said. The Second G20 Tourism Working Group (TWG) meeting is taking place at the Coastlands Hotel, from 11 to 13 May. The high-level gathering brings together policymakers, tourism experts, and industry leaders from G20 member countries, to discuss collaborative strategies for inclusive and sustainable tourism development. The meeting also forms part of South Africa's broader G20 chairship programme, positioning both the country and the province as influential players in shaping the future of global tourism. Ntuli reaffirmed the province's commitment to supporting national development priorities and emphasised the importance of using international platforms to boost local economic development. Upon arrival, delegates were welcomed with the warm spirit of ubuntu and a vibrant showcase of KwaZulu-Natal's rich cultural diversity y that defines the region. The Durban meeting follows the first virtual TWG engagement held in March 2025, where the G20 member states agreed on four strategic priorities that will inform the G20 action plan on tourism development. These include a people-centred artificial intelligence (AI) and innovation to enhance travel and tourism start-ups and SMMEs [Small, Medium and Micro Enterprises]; enhancing tourism financing and investment to enhance equality and promote sustainable development; strengthening air connectivity for seamless travel; and building an enhanced resilience for inclusive, sustainable tourism development. Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 Subscribe to The South African website's newsletters and follow us on WhatsApp, Facebook, X and Bluesky for the latest news.
Business Recorder
06-05-2025
- Business
- Business Recorder
Musk's xAI joins TWG Global, Palantir for AI push in financial sector
Elon Musk's artificial intelligence company xAI has partnered with Palantir Technologies and investment firm TWG Global, the companies said on Tuesday, as they look to tap growing AI demand in the financial services industry. The data analytics firm and TWG, led by Guggenheim Partners founder Mark Walter and entertainment financier Thomas Tull, had in March announced a joint venture aimed at AI deployment in financial services and insurance sectors. TWG will lead the implementation efforts by working with company executives to design and deploy AI-powered solutions, the companies said. The collaboration will integrate xAI's models, which include its Grok family of large language models and its Colossus supercomputer, into business operations. The companies expect 'many more partners' after the inclusion of xAI. Morgan Stanley to sell remaining $1.23 billion of X debt, source says Enterprise clients are investing in AI technologies to enhance services and introduce new features in their products, resulting in new partnerships for capturing market share. In March, Nvidia and xAI joined a consortium backed by Microsoft, investment fund MGX and BlackRock to expand AI infrastructure in the U.S.
CNA
06-05-2025
- Business
- CNA
Musk's xAI joins TWG Global, Palantir for AI push in financial sector
Elon Musk's artificial intelligence company xAI has partnered with Palantir Technologies and investment firm TWG Global, the companies said on Tuesday, as they look to tap growing AI demand in the financial services industry. The data analytics firm and TWG, led by Guggenheim Partners founder Mark Walter and entertainment financier Thomas Tull, had in March announced a joint venture aimed at AI deployment in financial services and insurance sectors. TWG will lead the implementation efforts by working with company executives to design and deploy AI-powered solutions, the companies said. The collaboration will integrate xAI's models, which include its Grok family of large language models and its Colossus supercomputer, into business operations. The companies expect "many more partners" after the inclusion of xAI. Enterprise clients are investing in AI technologies to enhance services and introduce new features in their products, resulting in new partnerships for capturing market share.
Reuters
06-05-2025
- Business
- Reuters
Musk's xAI joins TWG Global, Palantir for AI push in financial sector
May 6 (Reuters) - Elon Musk's artificial intelligence company xAI has partnered with Palantir Technologies (PLTR.O), opens new tab and investment firm TWG Global, the companies said on Tuesday, as they look to tap growing AI demand in the financial services industry. The data analytics firm and TWG, led by Guggenheim Partners founder Mark Walter and entertainment financier Thomas Tull, had in March announced a joint venture aimed at AI deployment in financial services and insurance sectors. TWG will lead the implementation efforts by working with company executives to design and deploy AI-powered solutions, the companies said. The collaboration will integrate xAI's models, which include its Grok family of large language models and its Colossus supercomputer, into business operations. The companies expect "many more partners" after the inclusion of xAI. Enterprise clients are investing in AI technologies to enhance services and introduce new features in their products, resulting in new partnerships for capturing market share. In March, Nvidia (NVDA.O), opens new tab and xAI joined a consortium backed by Microsoft (MSFT.O), opens new tab, investment fund MGX and BlackRock to expand AI infrastructure in the U.S.
