Europe Heatwave Creates Growth Opportunity for Carrier, Trane, and Johnson Controls, Citi Says 
Momenta Launches Hong Kong IPO to Raise Up to $751 Million for AI and Robotaxi Expansion 
Canada Grants C$7 Million to Greenland Molybdenum Mine to Strengthen Critical Minerals Supply 
South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine 
Australia Sues Amazon Over Prime Video Ads and Subscription Terms 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
RBA Minutes Signal Australia Central Bank Remains Ready to Raise Interest Rates if Inflation Persists 
UN Chief Urges Nations to Close $100 Million UNRWA Funding Gap 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices 
Asian Stocks Mixed as South Korea Slides on Profit-Taking, Japan and China Gain on Strong Factory Data 
Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO 
Dollar Slips Ahead of Key U.S. Jobs Data as Fed Rate Outlook, ECB, and Iran Talks Shape Forex Markets 
Nike Q4 Earnings Beat Estimates as Wholesale Growth Offsets Direct Sales Weakness 
Yen Falls to 40-Year Low as Markets Watch Japan Intervention and U.S. Jobs Report 
Buffett Delays Gates Foundation Donation Pending Epstein Ties Review 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Ferrari, an Italian luxury sports car manufacturer, announced on Monday, June 13, that it has appointed a new chief brand officer. It hired Carla Liuni, a former jewelry executive at Pandora, to join the company this year.
Ferrari's appointment of a new chief brand officer comes as the automaker pushes ahead with its plans to go beyond the production of cars. The company has an ambitious strategy of doing more than just manufacturing and selling luxury vehicles.
In her new role at Ferrari, Liuni will be directly reporting to the company's chief executive officer, Benedetto Vigna. She will also be part of the firm's Leadership Team. As per Reuters, her appointment is also one of the Ferrari's latest moves in the management reshuffle that was already announced earlier this year by the CEO. This is being done to organize and improve the company's structure.
The Italian automaker, which is also well-known for its Formula One racing team, revealed last year that it would launch a wide brand diversification strategy. It may dive into the fashion business and release regular collections for men and women.
Liuni is likely to work on this unit since she has experience in the jewelry fashion business. On the other hand, Vigna is also in charge of brand diversification after replacing Nicola Boari, who left as part of changes in leadership. Then again, Vigna is only serving on an interim basis as of now in this position.
"The Ferrari name is universally recognized and admired, synonymous with Italian style, performance, and innovation," Ferrari's CEO said in a press release regarding Liuni's assignment. "It is increasingly critical to be able to build and maintain a relevant brand identity that resonates with our community and is reflective of the world in which we live. Carla has the experience, the leadership, and skill set to protect and nurture our brand as it grows. We are thrilled to have her joining us."
Meanwhile, Carla Liuni also expressed her excitement about joining the company. "Ferrari is one of the most aspirational brands in the world, it is a privilege and an honor to join the Ferrari's family and continue to build the unmistakable legacy of the brand."
