BMW picks insider Zipse as CEO to catch up with rivals

[vc_row][vc_column][vc_column_text] BMW (BMWG.DE) has named Oliver Zipse as its new CEO, continuing the German carmaker’s tradition of promoting production chiefs to the top job even as the auto industry expands into new

Roberto Cavalli to be sold to Dubai’s Damac

[vc_row][vc_column][vc_column_text] A Dubai-based property developer has won the contest to acquire luxury-fashion label Roberto Cavalli in a deal worth around €160m ($180m), according to a source close to the deal.