Author: Yukta Raj

Prada to acquire Versace in €1.25 Billion deal; marking major shift in luxury fashion industry

The acquisition, expected to close in the second half of 2025 pending regulatory approvals, will see Prada take full ownership of the storied Italian fashion house.

Prada will finance the acquisition through €1.5 billion in new debt—comprising a €1 billion term loan and a €500 million bridge facility, while maintaining financial agility.

Federal Bank appoints Virat Diwanji as Head of Consumer Banking amid strategic push for Version 4.0

With Diwanji onboard and Version 4.0 in motion, industry watchers anticipate a dynamic phase of transformation at Federal Bank, particularly in customer-centric offerings and digital expansion.

The appointment of Diwanji, a seasoned banking professional, is seen as a pivotal step in strengthening Federal Bank’s consumer banking vertical as it gears up for rapid scale and innovation.

Sula appoints Harish Acharekar as Associate VP – Global Brand Ambassador & Head of Experiential Marketing

Acharekar is a Certified Sommelier from the prestigious Court of Master Sommeliers and holds a WSET Level 3 certification in Wines & Spirits—credentials that further underscore his expertise in the category.

Prior to joining Sula, he served as a brand ambassador for Bacardi, where he played a key role in enhancing consumer engagement and elevating the brand’s on-ground presence.

NimbusPost appoints Irwin Anand as CEO

As CEO, Irwin will focus on accelerating product innovation, enabling seller success, driving operational excellence, and leading NimbusPost’s strategic expansion into new and existing markets.

Most recently, Anand served as the Managing Director for India and APAC at Udemy.

Instagram tests ‘Locked Reels’; aims to boost creator engagement through secret codes

This move comes amid growing political and public pressure on social platforms to better protect minors online. As state-level age verification bills face legal hurdles in the US.

In this early test, users are greeted with a prompt to “Enter secret code,” accompanied by a hint like “1st # in the caption.” Once the correct answer is entered, in this case, “threads”, the content unlocks, revealing a teaser for the Design account’s launch on Threads.