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The Latest Breaking News from Bain&Co

The AI boom is unsustainable unless tech spending goes ‘parabolic,’ Deutsche Bank warns: ‘This is highly unlikely’

“In the absence of tech-related spending, the U.S. would be close to, or in, recession this year,” George Saravelos says.

Fortune

Luxury’s $1.7 trillion headache: The sector lost 50 million customers last year and is struggling with selfie-happy Gen Z

Bain & Co's latest luxury sector report found growth slowed particularly in the personal goods sector last year—the first time in 15 years with the exception of the pandemic.

Fortune

SEC Disbands ESG Task Force Amidst Setbacks And Growing Corporate Priorities‌ ‌

Enforcement group dismantled as ESG rules stall, companies shift focus to inflation, AI, and geopolitics. ‌

Zenger

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Quicken's CEO Made Software The Photoshop Of Personal Finance

Got a question for the CEO of Quicken, the market leading personal finance software? Just ask him. Eric Dunn's email address is easy to guess.

Investors Business Daily

LVMH and Kering felt the pinch in 2023—but a new type of luxury is gaining a share of consumers' wallets

“What we’ve observed in 2023 is a rebalancing of customer appetite," Bain expert says of the luxury industry.

Fortune

China's 'Double 11,' Black Friday's Big Brother, Is Set To Slow

China's Singles Day is much larger than Black Friday, but the shopping event is expected to slow this year as China retailers struggle.

Investors Business Daily

Bain & Co barred from UK government contracts over ‘grave misconduct’ in South Africa

Global management consultancy’s three-year ban follows pressure by ex- Labour minister Peter Hain

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