BYD takes the wheel in Germany with Hedin acquisition
In a move that signals its growing ambition in the European market, China’s BYD has announced plans to acquire its German distributor, Hedin Electric Mobility. [more…]
Category: Sweden
Embraer’s big win with Netherlands and Austria
Embraer, the Brazilian aircraft giant, has clinched a game-changing deal with the Netherlands and Austria for nine C-390 tactical airlifters, marking a significant leap in [more…]
Spotify hits repeat on price hike, premium plans up again
Just when you thought your music streaming bill couldn’t get any higher, Spotify decides to hit a higher note—on your wallet. On Monday, the Swedish [more…]
Swedish property giants SBB and Heimstaden face billions in losses
In a turn of events reflecting the volatile nature of the European property market, two of Sweden’s leading property companies found themselves grappling with substantial [more…]
Fast Retailing targets global expansion for GU Brand in the U.S. and Europe
Fast Retailing, the company behind the Uniqlo brand, is setting its sights on expanding the presence of its GU brand in the United States and [more…]
Hong Kong’s CK Hutchison terminates telecom venture with Swedish private equity
CK Hutchison Holdings, a key player in Hong Kong’s business landscape and the flagship company of billionaire Li Ka-shing, has announced the termination of its [more…]
Spotify to offer audiobooks and subscriptions in Europe, bypassing Apple’s fees
Spotify announced on Wednesday that starting in March, its European users will be able to purchase audiobooks and subscription plans directly within the music-streaming app. [more…]
Spotify orchestrates layoffs in pursuit of profitability symphony
In a surprising move that has sent shockwaves through the music streaming industry, Spotify has announced its third round of layoffs this year, eliminating 17% [more…]
Fashion industry faces sustainability struggles with slow adoption of recycled materials
In a bid to make the fashion industry more sustainable, Renewcell, a Sweden-based company, had high hopes for its innovative fiber made from recycled materials. [more…]
Klarna moves to establish a holding company in the UK, setting stage for a potential IPO listing
Klarna, the renowned buy now, pay later firm, has recently undertaken a significant strategic step by establishing a holding company in the United Kingdom. This [more…]