Faberge, the iconic luxury jewellery brand known for its opulent egg designs, has been sold to a technology investor in a deal valued at £37 million.
The sale marks a new chapter for the brand, which has had a tumultuous history since its revival.
The acquisition by a tech-focused investor suggests a strategic shift for Faberge, with a potential focus on digital innovation, e-commerce, and the integration of technology into the brand's business model.
The move reflects a broader trend in the luxury market, where traditional brands are seeking new ways to connect with a younger, tech-savvy consumer base.
For the new owner, the acquisition of a heritage brand like Faberge provides an opportunity to combine its digital expertise with an established name and a legacy of craftsmanship.
The sale also highlights the enduring appeal of iconic British brands to international investors, even in a changing economic landscape.
The new ownership could provide the capital and strategic direction needed to revitalize the brand and ensure its long-term success.
B2B technology firm Computacenter has promoted its head of group commercial finance to the chief financial officer position.
Beacon Rise Holdings has named Mark Tavener, the former finance lead at Manolete, as its new chief financial officer.
A UK spy chief has revealed that the government has withdrawn its previous demands for access to US-based Apple user data.
A UK spy chief has revealed that the government has withdrawn its previous demands for access to US-based Apple user data.
Nanoco Group has stated that it expects to exceed market forecasts for revenue, a positive signal for the London-listed technology company.
The £3.6 billion takeover of Just Eat by its major shareholder Prosus has received approval from EU competition watchdogs, paving the way for the deal to be finalized.
London-listed pawnbroker H&T has been acquired by a US firm, marking another loss for the London Stock Exchange.
US-based Vantage Data Centers has received planning consent for a new, large-scale data center project in the Vale of Glamorgan, Wales.
The owners of software company Visma are reportedly close to appointing banks for a potential £16 billion stock market listing in London.
Sainsbury's, Visa, and Barclays are collaborating to resolve an online payment issue affecting customers.
Londoners are purchasing the lowest proportion of houses outside the capital in over a decade due to stalling local prices and the shift back to office working.
FTSE 100 property developer Berkeley Group has warned of a housing slowdown in London, forecasting further decline unless the government addresses regulatory and tax hurdles.
Amazon offers 45% discount on L'Oreal Paris Laser Renew Anti-Ageing Triple Action Eye Cream.
UK borrowing costs for 30-year debt reached 5.72%, a 27-year high, raising fears of economic decline.
Poundland plans to close up to 68 stores in 2025 following financial difficulties and restructuring.
Chancellor Rachel Reeves announced the autumn budget for November 26, aiming to address a £30 billion deficit with growth measures.
Financial expert Martin Lewis has issued a strong warning against criminals who use his name and deepfake technology in 'disgraceful' online adverts to scam vulnerable people, after a woman's husband lost thousands of pounds.
The Powerball jackpot has soared to an estimated $1.3 billion, the fifth-largest in the lottery's history, after no winning ticket was sold in the latest drawing, marking the 41st consecutive drawing without a winner.
The UK's long-term borrowing costs have reached a 27-year high, fueling speculation about the government's economic credibility and the future of Chancellor Rachel Reeves following a significant government reshuffle.
Experts caution that Premium Bonds winnings may lead to unexpected tax bills depending on how they’re used.
McVitie’s introduces a new caramel-flavoured Penguin biscuit available in major UK supermarkets just in time for autumn.
Despite a wider trend of decreasing car insurance premiums in the UK, a new report indicates that prices for drivers under the age of 25 have seen a recent increase.
A major government reshuffle has fueled speculation about the future of Chancellor Rachel Reeves as the UK's long-term borrowing costs reach a 27-year high amidst broader European economic uncertainty.
The Powerball jackpot has skyrocketed to an estimated $1.3 billion after no one won the top prize in the latest drawing, marking the 41st consecutive drawing without a winner and setting up the fifth-largest jackpot in the lottery's history.
Greggs has introduced a £5 meal deal nationally along with new autumn-inspired menu items including Chicken Fajita Bake and Pumpkin Spice specials.
Financial expert Martin Lewis has issued a powerful warning against online criminals who use his name and deepfake technology in 'disgraceful' adverts to scam vulnerable people, after a woman's husband lost thousands of pounds.
New data reveals councils increasingly use one-off cash incentives to persuade private landlords to accept homeless households, costing taxpayers millions.
Councils are spending millions placing homeless families in hotels due to housing shortages, raising questions about long-term policy failures.
Clase Azul is a premium Reposado Tequila that is as famous for its elegant, hand-painted ceramic decanters as it is for its contents.
Formula 1's elite showcase their extravagant maritime lifestyles with multi-million pound yacht collections, from Toto Wolff's €22m vessel to Charles Leclerc's twin boats.
