Michael Kors Holdings Limited (NYSE:KORS) announced today that a definitive agreement has been signed to acquire all of the outstanding shares of Italian luxury fashion house Gianni Versace S.p.A. for a total enterprise value of Euro 1.83 billion or approximately US$2.12 billion. Versace, long recognized as one of the world’s leading luxury fashion companies, is synonymous...
Perhaps people like to think of themselves as big spenders. Or maybe they just aren’t very honest. But when researchers compared what study participants reported they were willing to spend on goods with what they actually shelled out in experiments designed to mimic a real-world shopping experience, there was a big gap. “People said they’d spend...
Artists lucky enough to find their song on ‘Today’s Top Hits’, a Spotify playlist with over 20 million followers, could see a boost in popularity worth between $116k and $163k in additional streaming revenue. Playlists also have a big influence on the success of new artists and new songs. Getting to the top of Spotify’s...
The habit of taxing Multinational Enterprises (MNEs)’ profits is the legacy of a time when “GM had to make cars in Detroit and Hollywood had to make movies in L.A.”, but is now inefficient and detrimental to global welfare, a new study by Nicolai Foss, Rodolfo Debenedetti Chair of Entrepreneurship at Bocconi University, and colleagues...
The romanticized image of entrepreneurs is a picture of youth: a 20-something individual with disruptive ideas, boundless energy and a still-sharp mind. Silicon Valley has bet on this image for years. But is this right? Far from it, according to our recent research with Javier Miranda of the U.S. Census Bureau and Pierre Azoulay of...
The Bank of England’s chief economist, Andy Haldane, has urged his colleagues to examine the musical mood of the nation when contemplating changes to the bank’s interest rate. How could an increase in Taylor Swift downloads or a decline in the popularity of rock and roll be relevant for managing the economy? It all comes...
Donald Trump’s decision to unilaterally pull the US out of the Iran nuclear deal doesn’t just have important political and security implications. Because sanctions are at the heart of the deal, it will also have a significant economic impact. Just how big this is depends on the response of the European signatories to the deal...
A new report prepared by RTI International for the National Center for Education Statistics provides important insights about rising student debt and its consequences for students who graduated from college during the Great Recession. The study details a variety of post-college outcomes for students who graduated with a bachelor’s degree in 2007-08, reflecting graduates’ perceptions...
People who hold two jobs demonstrate as much engagement and performance in the workplace as their colleagues who have one job. However, dual job holders are likely to sacrifice family and personal time as a result. These are the findings of a new study in Springer’s Journal of Business and Psychology led by Brian Webster of Ball...
While some may think a ‘knock-off’ product is morally wrong, new research from University of British Columbia’s (UBC) Okanagan campus demonstrates that for some cultures ‘unethical’ consumption is a virtue. Faculty of Management assistant professor Eric Li, along with researchers from the Hong Kong Polytechnic University and the Hong Kong Design Institute, interviewed young Chinese...
