Warren Buffett had long been a beacon of inspiration for investors worldwide. Known for his long-term investment approach, Buffett delivered an average annual return of 20 per cent since taking the helm of Berkshire Hathaway Inc. (Berkshire Hathaway) in 1965. Now, at 95, Buffett was preparing to step back and pass the reins to incoming chief executive officer (CEO) Greg Abel. Since Buffett announced his retirement, Berkshire Hathaway stock lagged .....more

In 2021, Rajadamnern Stadium underwent a bold transformation. Under the leadership of Thainchai Pisitwuttinan, it modernized facilities, launched new event formats, and expanded digital outreach to elevate Muay Thai from a national treasure into a globally recognized sport. These moves attracted a new international audience and positioned Rajadamnern Stadium as a global stage for Muay Thai. However, these shifts also led to a marked change in the .....more

Conscious Mitthaiwalla’s founder was a young Indian entrepreneur who had reimagined his diabetes diagnosis into a purpose-driven venture in India’s sweets market. The Mumbai-based start-up had innovatively combined ingredient experimentation with the founder’s personal brand to deliver diabetes-friendly Indian sweets. As a result, it had witnessed strong early growth, even securing a breakthrough retail partnership. However, in April 2024, as the .....more

Schneider Electric (SE) acquired Larsen and Toubro (L&T) Limited’s electrical and automation business in 2020, with rights to use the L&T Switchgear brand for five years. As this period closed, SE began transitioning the portfolio to Lauritz Knudsen Electrical and Automation (LK), launching the new brand in May 2024. The change was about more than just legal or marketing; it was a shift in identity in one of SE’s most critical markets. Employees .....more

In August 2024, Richard Kung, the newly appointed director of Asian business at Akira Spring Co. Ltd. (Akira Spring), faced a critical negotiation. Akira Spring, a Japanese automotive springs manufacturer, was competing to provide components for a power back door system to Kern, a leading German automotive parts supplier. The deal was valued at €27 million and had potential for continued collaboration worldwide. What began as product specification .....more

In March 2025, Jamie Salter, founder and chief executive officer of Authentic Brands Group (ABG), faced a pivotal challenge. Forever 21’s US operating company, F21 OpCo LLC, had filed for its second bankruptcy in six years, closing all physical stores in its home market. While Forever 21’s intellectual property remained with ABG and international franchises continued to operate, the brand’s US collapse underscored risks of overexpansion, weak digital .....more

In April 2025, a US federal court found Google LLC (Google) guilty of illegally misusing its dominant position and maintaining monopolies in advertising technology (AdTech) markets. In its defense, the company argued that ad publishers chose Google not due to a lack of options but because its AdTech solutions were simple, affordable, and effective. While remedies for restoring competition were yet to be determined by the court, Google’s plan for business .....more

This case examines the strategic dilemma faced by the founder of Iceberg Organic Ice Creams (Iceberg) in September 2024 following an unsuccessful attempt to raise equity through Shark Tank India. Since its founding in 2013, Iceberg had experimented with scaling models, including company-owned, company-operated (COCO) growth and rapid franchise-owned, franchise-operated (FOFO) growth. While franchising enabled rapid expansion, it also exposed deep .....more

This technical note explores how finance professionals estimate firm value using relative valuation rather than intrinsic cash flow models. It places valuation decisions in contexts such as investment analysis, mergers and acquisitions, IPO pricing, and strategic planning, where timely and market-based benchmarks are critical. The note highlights the appeal of valuation multiples while emphasizing challenges related to peer selection, market efficiency, .....more

On January 6, 2025, Muhammad Afzal, the founder of A.H. Homes, a Lahore-based real estate and construction company with a two-decade track record in luxury housing projects, was considering how to reinvest the Rs 100 million (about US$358,946) he had received from the highly profitable project he had just closed. Afzal was faced with three possible reinvestment avenues: reinvest in the local Lahore real estate market he knew best, enter the Dubai .....more