Matt Scuffham

London

Reporter and Editor at Reuters

Reuters Company News Editor

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Articles

Prada Buys Versace to Create Italian Fashion Powerhouse

2 weeks ago | gurutrade.com | Matt Scuffham |Elaine Hardcastle

MILAN, April 10 (Reuters) - Prada struck a deal on Thursday to buy smaller rival Versace from Capri Holdings for $1.375 billion, which includes its debt, in a move that unites two of the biggest names in Italian fashion. Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating at a loss. The merger strengthens Italy's hand in a luxury industry led by French conglomerates.
Google, Apple hit by EU regulatory crackdown

1 month ago | internetretailing.com.au | Sudip Kar-Gupta |Matt Scuffham |Jan Harvey

E-commerce Google was hit with two charges of breaching landmark EU rules on Wednesday, while Apple was ordered to help rivals connect with its iPhones and iPads, as Europe’s antitrust regulators continued a crackdown against Big Tech.
Google, Apple hit by EU regulatory crackdown

1 month ago | insideretail.us | Sudip Kar-Gupta |Matt Scuffham |Jan Harvey |Tamera Francis

Google was hit with two charges of breaching landmark EU rules on Wednesday, while Apple was ordered to help rivals connect with its iPhones and iPads, as Europe’s antitrust regulators continued a crackdown against Big Tech. The move by the European Commission came despite threats from US president Donald Trump to levy tariffs against countries which impose fines on US companies.
Google, Apple hit by EU regulatory crackdown

1 month ago | today.westlaw.com | Jan Harvey |Sudip Kar-Gupta |Matt Scuffham

BRUSSELS (Reuters) -Google was hit with two charges of breaching landmark EU rules on Wednesday, while Apple was ordered to help rivals connect with its iPhones and iPads, as Europe's antitrust regulators continued a crackdown against Big Tech.
Before Trump's return, some top U.S. firms had already gone cold on diversity pledges

2 months ago | today.westlaw.com | Michael Pell |Matt Scuffham |Lisa Jucca |Simon Jessop

LONDON (Reuters) - Some large U.S. companies had made limited progress in promoting women and were diluting or abandoning equal opportunity initiatives even before President Donald Trump launched last week a nationwide campaign to scrap them,...
EU assesses Big Tech cases ahead of Trump arrival

Jan 14, 2025 | today.westlaw.com | Tomasz Janowski |Matt Scuffham |Essi Lehto |Bart Meijer

BRUSSELS/STOCKHOLM (Reuters) - The European Commission said on Tuesday it was assessing its cases against Apple, Alphabet, X and Meta, stressing that President-elect Donald Trump's return to the White House did not affect its commitment to enforcing...
Senior UK lawmaker flags concerns about Shein to LSE and regulator

Jan 9, 2025 | today.westlaw.com | Louise Heavens |Matt Scuffham |Helen Reid

LONDON (Reuters) -The chair of a British parliamentary committee wrote on Thursday to the London Stock Exchange to raise concerns about evidence given by a Shein representative at a hearing this week, and to ask how the exchange checks statements by...
Air Liquide Confirms Full-Year Targets after in-Line Quarter

Oct 23, 2024 | gurutrade.com | Olivier Cherfan |Matt Scuffham

Oct 23 (Reuters) - French industrial gases supplier Air Liquide reported third-quarter revenue in line with market expectations and confirmed its full-year targets on Wednesday, benefiting from growth in its healthcare division, the Americas and Asia. Air Liquide reaffirmed its expectations of a further increase in its operating margin and a recurring net profit growth at constant exchange rates in 2024.
Google’s Nobel Winners Stir Debate Over AI Research

Oct 10, 2024 | inc-aus.com | Martin Coulter |Matt Scuffham |Alex Richardson

The scientists recognized for great work in chemistry and physics have close affiliations with the tech giant. The award this week of Nobel prizes in chemistry and physics to a small number of artificial intelligence pioneers affiliated with Google has stirred debate over the company’s research dominance and how breakthroughs in computer science ought to be recognized.
Reckitt to offload homecare brands, consider nutrition options

Jul 24, 2024 | today.westlaw.com | Agata Rybska |Matt Scuffham |Bernadette Baum |Mark Potter

(Reuters) - Reckitt Benckiser will consider options for its troubled nutrition business and offload a portfolio of homecare brands by the end of 2025, it said on Wednesday, planning to refocus on healthcare and hygiene.