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Zegna open to buying textile firm or brand, says CEO

  Bloomberg The Italian luxury house Ermenegildo Zegna NV is open to acquiring other textile manufacturers or a fashion brand that’s strong with younger shoppers, its chief executive officer said. Zegna manufactures its own fabrics, knitwear and yarns, and also sells those products to other brands, such as Chanel and Brunello Cucinelli. “We have this luxury textile platform,” Ermenegildo Zegna ...

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Cathay warns of ‘several’ flight cancellations in Jan

  Bloomberg Cathay Pacific Airways warned of several flight cancellations to and from Hong Kong in January as operational and travel restrictions continue to affect its schedules. The airline said it is reviewing its passenger flights and apologised to customers. The year-end holiday season is typically a busy time for Cathay and Hong Kong as an aviation hub, but the ...

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Russia welcomes US readiness to talk security, seeks proposals

  Bloomberg Russia welcomed US willingness to start talks next month on its security proposals, a day after President Vladimir Putin threatened a military response if the Kremlin’s demands aren’t met. “We would like to hope that for the upcoming negotiations, which is already positive, our partners will come with clearly formulated positions,” Kremlin spokesman Dmitry Peskov told reporters. The ...

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