La Redoute appoints Fabien Versavau as new CEO
Translated by Roberta HERRERA Published Sep 4, 2024 Fabien Versavau, formerly of Rakuten France, has joined La Redoute as its new CEO. He succeeds Philippe Berlan, who stepped down in …
Rakuten
Nvidia to support development of AI based on Japanese language data
Silicon Valley – U.S. semiconductor giant Nvidia said Monday that it will support the development of generative artificial intelligence based on Japanese language data. Nvidia will expand its AI development …
Rakuten logs 15th quarter of losses on mobile woes despite record financial unit profit
Rakuten on Tuesday logged its fifteenth consecutive quarter in the red as losses at its mobile service network unit outweighed a record performance from its financial unit. The internet conglomerate …
Rakuten considers combining financial units
Rakuten Group, the debt-laden online retailer, has said it will consider combining its financial units to promote collaboration. The conglomerate will examine whether to put its banking, securities, credit card …
Rakuten logs second-largest annual net loss
Rakuten Group on Wednesday reported a group net loss of ¥339.4 billion for the year through December, its second-largest annual loss ever, as its mobile phone operations continued to struggle. …
Rakuten to raise up to $433 million with further sale of bank unit
Rakuten Group said on Wednesday that it plans to sell a large stake in Rakuten Bank to overseas investors, its latest fundraising effort as the Japanese company grapples with heavy …
Black Friday struggled to tempt US consumers
By Bloomberg Published Nov 28, 2023 It’s not just you. This holiday season feels a little ho-hum. Sure, tree decorations still sparkle, hot chocolate is still sweet and the wind is a …
Mizuho said to raise Rakuten Securities stake to almost 50%
Mizuho Financial Group plans to increase its investment in Rakuten’s online securities arm, which isn’t proceeding with an initial public offering for now. Japan’s third-largest banking group will raise its …