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Prada Invests in Leather Supply Chain with Stake in Rino Mastrotto
Prada $1913.HK has taken a major step toward reinforcing its production autonomy by acquiring a 10% stake in renowned Italian leather supplier Rino Mastrotto. This strategic investment aligns with Prada’s broader goal of vertical integration — giving the brand greater control over the quality, sourcing, and consistency of its premium leather materials.
Kimberly-Clark Nears Sale of International Tissue Business to Suzano
Kimberly-Clark $KMB, a leading global producer of personal care and tissue products, is reportedly close to selling its international tissue business — including iconic brands like Kleenex and paper towels — outside North America. The potential buyer is Suzano $SUZB3.SA, a major Brazilian pulp manufacturer, as reported by the Wall Street Journal citing insider sources. The transaction is anticipated to conclude imminently, signaling a significant reshaping of Kimberly-Clark’s global footprint amid evolving market dynamics.
US Metal Tariffs Impact: Canada’s Retaliation and EU Progress Amid Trade Disruptions
On Wednesday, the US administration under President Donald Trump doubled tariffs on steel and aluminum imports, significantly intensifying global trade tensions. This escalation not only disrupted international markets but also accelerated trade negotiations between Washington and its key allies, particularly Canada and the European Union (EU). The unfolding developments highlight the fragile state of the world economy amid tariff-induced uncertainty.
This sale has the potential to shape the next phase of automation within the tech industry.
Strategic investments are paving the way for extraordinary capital growth.