Articles by Thomas Mulier

Richemont Builds Digital Platform to Help Police Fight Watch, Jewelry Theft

Richemont is building a digital platform to help police forces worldwide fight theft of luxury watches and jewelry. The platform is open to the entire luxury industry and owners can register their collections using the brand and serial numbers, the …

Investment Firm Brookfield to Buy UK Repair Site HomeServe for £4.1B

Brookfield Asset Management Inc. agreed to buy emergency household repairs provider HomeServe Plc in a deal valuing the company at £4.1 billion ($5 billion), one of the UK’s largest take-private transactions this year. Investors will get 1,200 pence for each …

Data of 515,000 People at Risk After ‘Sophisticated’ Hack of Red Cross

The International Committee of the Red Cross said that personal data of 515,000 vulnerable people were compromised in a “sophisticated” hack. The cyberattack targeted a contractor in Switzerland that stores Red Cross data. There’s no indication yet that the data …

AXA to Stop Investing in Tobacco, Divesting $2B of Assets in that Industry

AXA SA, France’s largest insurer, said it will stop investing in tobacco and divest all of its 1.8 billion euros ($2 billion) of assets in the industry. AXA will sell about 200 million euros of stock in tobacco companies and …

Insurer Helvetia Agrees to Buy Nationale Suisse in $2 Billion Deal

Helvetia Holding AG agreed to buy a majority stake in Nationale Suisse in a transaction valuing the company at about CHF1.8 billion ($2 billion) to create Switzerland’s third-largest insurer. Helvetia is offering CHF80 [$89.50] in cash and shares for Nationale …