Hudson’s Bay Company ULC (Hudson’s Bay or the Company), the Canadian operator of Hudson’s Bay stores and TheBay.com, has announced it will liquidate its remaining six Hudson’s Bay stores and one Saks Fifth Avenue location. The Company has determined that a viable bid for the current six-store format is unlikely and will therefore commence liquidation sales at these locations starting Friday, April 25. These stores will join the 73 Hudson’s Bay stores, 13 Saks OFF 5TH stores, and two Saks Fifth Avenue stores already undergoing liquidation following the Company’s filing under the Companies’ Creditors Arrangement Act (CCAA). Should a qualified…
Author: WNA TEAM
Hindalco Industries Ltd., the metals flagship of the Aditya Birla Group and one of the world’s largest aluminum producers, has announced the successful delivery of 10,000 aluminum battery enclosures for Mahindra’s advanced e-SUV models — the BE 6 and XUV 9e. This achievement represents a major step forward in India’s clean mobility movement. Hindalco also inaugurated its new, state-of-the-art EV component manufacturing facility in Chakan, Pune, India’s leading automotive hub. This collaboration between Hindalco and Mahindra underscores their shared commitment to accelerating the electrification of India’s automotive sector. Hindalco’s new facility, built with a capital investment of INR 500 crores…
LOBO, a rapidly growing electric mobility manufacturer, is excited to announce plans to form a strategic partnership with Green Gold Asia in Indonesia. The collaboration will introduce a new line of innovative electric bikes and tricycles, marking a significant step in LOBO’s global expansion and its commitment to delivering accessible, sustainable transportation solutions worldwide. Indonesia stands out as one of the most promising electric mobility markets, fueled by rapid urbanization, a rising middle class, and strong national commitments to sustainability. With a population exceeding 270 million and a surging demand for eco-friendly transportation, the country’s EV sector is expected to…
SEKO Logistics (SEKO), a global leader in end-to-end logistics solutions, has appointed Gordon Branov as Chief Executive Officer, effective April 21, 2025. He succeeds Philippe Gilbert, who has served as Interim CEO since January and will remain Chairman of SEKO’s Board of Directors. Branov brings over 20 years of leadership experience in logistics and supply chain innovation. Most recently, he served as Regional Head of LTL and Final Mile at Maersk North America. His previous roles at Estes and Pilot Freight Services showcased his ability to drive operational performance, streamline logistics processes, and deliver customer-centric solutions. “We are thrilled to…
Mytheresa has officially completed its acquisition of YNAP from Richemont, executed through Richemont’s subsidiary, Richemont Italia Holding S.P.A. This follows the fulfillment of all required conditions, including the receipt of unconditional approvals from relevant regulatory authorities. As the sole shareholder, Mytheresa will fully consolidate YNAP under its parent entity, MYT Netherlands Parent B.V. The company will be renamed “LuxExperience B.V.” and will continue trading on the New York Stock Exchange under the new name “LuxExperience” and ticker symbol “LUXE,” effective May 1, 2025. In exchange for all shares of YNAP and a net cash position of €555m and no financial…
As the global electric vehicle (EV) market surges, driven by growing adoption of battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), electric models are expected to comprise approximately 45% of all vehicles produced by 2030—up from 20% in 2024 [1]. In response to this rising demand, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has introduced a new generation of high-performance IGBT solutions designed specifically for high-voltage automotive systems. Among the latest innovations are Infineon’s third-generation Electric Drive Train (EDT3) IGBT chips—engineered for both 400 V and 800 V systems—and RC-IGBT chips developed exclusively for 800 V systems.…
ITC Limited has signed definitive agreements to acquire the remaining 73.5% stake in Mother Sparsh Baby Care Private Limited (“Mother Sparsh”), an associate company operating in the premium Ayurvedic and natural baby care segment. This acquisition reinforces ITC’s commitment to building a robust portfolio of purpose-driven brands that cater to the evolving needs of Indian consumers, including those seeking specialized, natural solutions. Mother Sparsh will enhance the Company’s Personal Care Products Business with its innovative offerings. With the Indian baby care market still under-penetrated and under-served, the acquisition presents ITC with a strong opportunity to scale and lead the development…
As Prime Minister Narendra Modi champions the India-Middle East-Europe Economic Corridor (IMEC) on the global stage, recently meeting with European Commission President Ursula von der Leyen and reviewing progress with French President Emmanuel Macron, Logistics Shakti, an Indian think tank dedicated to advancing global logistics and supply chains, is set to host the SCM Middle East Conclave & Awards 2025 in Dubai on April 23-24, 2025 focusing on the new trade route. The conclave, bringing together more than 300 top professionals from various verticals of the logistics industry from across India, the Middle East, North Africa, and Europe, will spotlight…
Breaking Ground in the High HimalayasIn the vast and remote region of Ladakh, nestled in the Himalayas, two pioneering women set out to transform the way the world experiences their homeland. As Ladakh’s first female tour operators, Lobzang Tsendol and Kunzes Angmo, the Co-founders of Royal Explorers began their journey not with a business plan, but with an unshakeable love for their land and a desire to share its authentic spirit with the world. “We never set out to start a company,” mentions Kunzes Angmo. “It began with guiding travelers in our free time by just sharing what we knew…
LS Cable & System Ltd. (“LS C&S”) is pleased to announce that its U.S. subsidiary, LS GreenLink USA, Inc. (“LS GreenLink”), has been awarded US$99,060,000 in investment tax credits by the U.S. Department of Energy. The credits were granted under Section 48C of the Inflation Reduction Act of 2022, also known as the Qualifying Advanced Energy Project Credit Program. As part of LS C&S’s long-term global expansion strategy, LS GreenLink will establish a cutting-edge manufacturing facility in the United States dedicated to producing high-voltage submarine power cables. “We are honored that the Department of Energy selected LS GreenLink to receive…
T-Hub, a global leader in startup incubation, in collaboration with Atal Innovation Mission (AIM), has earned the prestigious “Best Conceived Cohort 2025” award for its AIC T-Hub Semiconductor Program at Startup Mahakumbh 2025, hosted at Bharat Mandapam, New Delhi. This honor highlights the program’s strategic vision, strong incubation framework, and its pivotal role in advancing India’s semiconductor ecosystem. Launched on October 14, 2022, the AIC T-Hub Semiconductor Program has emerged as a benchmark in deep-tech incubation. It has conducted three cohorts to date, with the third currently in progress. To date, 20 startups have graduated from the program, with 8…
Nippon Express (India) Pte. Ltd. (President: P. Krishna Murthy; hereafter “NX India”), a group company of NIPPON EXPRESS HOLDINGS, INC. (President: Satoshi Horikiri), has expanded its warehouse facilities located in Pataudi, Haryana and Delhi’s Indira Gandhi International Airport. As part of its medium-term NX Group Business Plan 2028, the NX Group has identified expanding its presence in India as a key growth strategy. In line with this objective, the Group has taken several initiatives, which include opening new facilities and upgrading existing ones to reinforce its supply chain network. Most recently, the company expanded two of its warehouses in India…