Valentino sold for €600 million

Valentino fashion house was sold to a sovereign wealth fund for €600 million. The current deal, which will separate the Valentino brand from Hugo Boss, will see the design house sold to one of Permira‘s investors,according to brisbanetimes. The fund has not been identified. In 2011, Valentino had sales of €322.4 million, up 20 per … Read more

Son of Concorde supersonic jet: four times faster than speediest aircraft

Nasa, Boeing, Lockheed Martin, and Gulfstream scientists work to build a supersonic jet that would fly more than 2,485 mile per hour, and can fly its passengers from London to Sydney in just four hours. The biggest obstacle scientists are working to overcome is the sonic boom that was produced by the Concorde supersonic jet. … Read more

Stanford’s Xenith 100% solar powered racecar

STANFORD SOLAR CAR PROJECT Drive at highway speeds while only consuming the power equivalent of a toaster Xenith is a 100% solar powered racecar designed and built by the Solar Car Project at Stanford University. When the team began designing Xenith they decided to break the global tradition of using polymer encapsulated solar panels in … Read more