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With seven brands sponsoring the 2024/25 Professional Darts Corporation (PDC) World Darts Championship, the competition’s largest sponsorship deal in terms of annual value was with Paddy Power. The title sponsorship agreement is worth an estimated $1.5 million a year for a period of three years. Overall, the championship is estimated to have generated $4.57 million […]
WH Smith has outgrown its High Street roots, says GlobalData
Following the news that WH Smith is considering the sale of its high street fascia; Tash Van Boxel, Retail Analyst at GlobalData, a leading data and analytics company, offers her view: “This arm of the business has consistently pulled down group revenue over the last three years, with its high street chain accounting for nearly […]
KDX-II modernization to enhance South Korea’s combat readiness amid rising maritime tensions, says GlobalData
South Korea’s Defense Acquisition Program Administration (DAPA) has launched a significant performance improvement program (PIP) for its Chungmugong Yi Sun-sin-class destroyers (KDX-II), aiming to modernize critical systems and enhance combat readiness. The KDX-II upgrade underscores South Korea’s focus on leveraging indigenous technologies to maintain a modern and effective naval fleet amid rising regional maritime tensions, […]
Global resale apparel market soars 17.6% to $204.7 billion in 2024, reveals GlobalData
The global resale apparel market experienced its fourth consecutive year of double-digit growth in 2024, driven by continued appetite for preloved fashion. The market witnessed a growth of 17.6% to reach $204.7 billion last year, outperforming the traditional apparel market, which only grew a meager 0.1%, reveals GlobalData, a leading data and analytics company. According […]
Nike’s Q4 advertising strategy focuses on innovation, dedication, and inspiration to strengthen brand, reveals GlobalData
NIKE Inc’s (Nike) YouTube advertising campaigns spanning from October to December (Q4) of 2024 demonstrates a multifaceted approach to brand building, combining motivational storytelling, innovative product showcases, and cultural celebrations to engage a wide range of consumer segments. These campaigns, which feature themes of athletic dedication and playful nostalgic collaborations, emphasize Nike’s expertise in athletic […]
Google should increase uptake of its Workspace platform with free AI, says GlobalData
Google has elevated its Workspace platform by offering AI capabilities for free to subscribers of Workspace Business and Enterprise plans. Previously, plan subscribers could purchase an add-on of AI features ranging from $20 to $30 per user per month. The list of capabilities includes the Gemini assistant within Google Workspace apps; the Gemini standalone app; […]
CBDC requires interoperability, privacy protection, robust infrastructure, and clear benefits of use to become currency in future, says GlobalData
Retail central bank digital currency (CBDC) development projects continue to face significant hurdles before achieving large-scale implementation. Key challenges include ensuring system interoperability with existing payment methods and currencies worldwide, addressing privacy concerns in advanced economies, and overcoming infrastructure limitations in emerging economies, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, […]
Hydrogen economy development enters critical phase, says GlobalData
The hydrogen economy has recently experienced some hiccups in its growth story. Apparently, demand for this commodity is not rising at the pace it was envisaged back in 2020 when companies had aggressively announced their energy transition plans. As more industries, such as steel, transportation, and power, try to decarbonize their operations, the demand for […]
HSBC’s Zing shutdown a $150 million innovation misstep, says GlobalData
HSBC has officially shut down Zing, its $150 million attempt to challenge fintech giants like Wise and Revolut in cross-border payments. The ambition was clear: create a cutting-edge app with low fees and sleek functionality to capture a share of the booming international payments market. In 2024, $503 trillion in cross-border payments were made, underscoring […]
US pulsed field ablation market revenue surpasses $500 million in 2024, reveals GlobalData
Pulsed field ablation (PFA) is a treatment for atrial fibrillation, an irregular heartbeat disorder, with a lower chance of damaging surrounding structures than previous methods. PFA uses electrical pulses that allow for a more targeted approach in order to only destroy abnormal tissue. PFA revenue exploded in Q1 2024 after FDA approvals for Boston Scientific’s FARAPULSE […]
Demographic changes and new reporting standards will drive growth in South Korea insurance industry, says GlobalData
The South Korean insurance industry is expected to grow at a compound annual growth rate (CAGR) of 3.4% during 2025-29, from KRW218.3 trillion ($167.1 billion) in 2025 to KRW249.7 trillion ($191.2 billion) in 2029, driven by demographic changes and the implementation of new reporting standards such as IFRS 17 and K-ICS, says GlobalData, a leading […]
Navigating Trump’s tariffs and social media key strategic priorities for retailers in 2025, says GlobalData
2025 will present significant challenges for retailers globally, as geopolitical issues and the disruptive force of AI continue, with the added challenge of navigating the impacts of the Trump administration, says GlobalData, a leading data and analytics company. GlobalData’s latest report, “Strategic Intelligence: Top Themes in Retail and Apparel 2025,” reveals that international trade and […]
Lazard top M&A financial adviser in power sector in 2024, reveals GlobalData
Lazard was the top mergers and acquisitions (M&A) financial adviser in the power sector during 2024 by value as well as volume, according to the latest financial advisers league table by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database has revealed that Lazard achieved this leading position by advising on […]
Latham & Watkins and CMS top M&A legal advisers in power sector in 2024, reveals GlobalData
Latham & Watkins and CMS were the top mergers and acquisitions (M&A) legal advisers in the power sector during 2024 by value and volume, respectively, according to the latest legal advisers league table by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database has revealed that Latham & Watkins achieved its […]
Japan insurance industry to surpass $470 billion by 2029, forecasts GlobalData
Japan’s insurance industry is projected to grow at a compound annual growth rate (CAGR) of 3.9% from JPY54.3 trillion ($386.7 billion) in 2025 to JPY63.4 trillion ($470.3 billion) by 2029, according to GlobalData, a leading data and analytics company. GlobalData’s insurance database reveals that life insurance accounted for a 77.4% share of Japan’s total insurance […]
FDA to approve JenaValve Trilogy System in late 2025, expects GlobalData
The US FDA is expected to approve the JenaValve Trilogy System, a transcatheter aortic valve replacement (TAVR) device specifically designed to treat aortic regurgitation (AR), a condition where the aortic valve fails to close properly, leading to blood leakage back into the heart, by late 2025. This milestone approval will address a long-standing gap in […]
Paul, Weiss, Rifkind, Wharton & Garrison and Kirkland & Ellis top M&A legal advisers in construction sector in 2024, reveals GlobalData
Paul, Weiss, Rifkind, Wharton & Garrison and Kirkland & Ellis were the top mergers and acquisitions (M&A) legal advisers in the construction sector during 2024 by value and volume, respectively according to the latest legal advisers league table by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database has revealed that […]
Customers prioritize quality furniture as confidence begins to rise, says GlobalData
After a challenging economic period marked by inflation and uncertainty, UK furniture and floorcoverings shoppers are increasingly prioritizing quality as financial pressures start to ease, according to GlobalData, a leading data and analytics company. GlobalData’s latest report, “UK Sector Series: Furniture & Floorcoverings, 2023-2028”, reveals that consumers are starting to opt for higher quality furniture […]
Citi and Jefferies top M&A financial advisers in oil & gas sector in 2024, reveals GlobalData
Citi and Jefferies were the top mergers and acquisitions (M&A) financial advisers in the oil & gas sector in 2024 by value and volume, respectively, according to the latest financial advisers league table by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database has revealed that Citi achieved its leading position […]
Kirkland & Ellis top M&A legal adviser in oil & gas sector in 2024, reveals GlobalData
Kirkland & Ellis was the top mergers and acquisitions (M&A) legal adviser in the oil & gas sector during 2024 by both value and volume, according to the latest legal advisers league table by GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database has revealed that Kirkland & Ellis achieved the […]