FRIDAY PRESS REVIEW - August 22 2025
Here are some of the most interesting articles of the last weeks selected by The Consultancy Group:
Why firms are merging HR and IT departments
Business - 64% of senior IT decision makers at large companies expect their HR and IT functions to merge within five year - according to a survey by Nexthink - and a big part of that is to do with the introduction of AI.
What it feels like to open $10M on a handbag, according to the man who did it
Luxury - The record-breaking sale of Hermès’ original Birkin bag was among the most remarkable auctions of modern times.
“It was the most expensive purchase I’ve ever made for a single item,” said Sakimoto, the CEO of luxury resale company Valuence Holdings, in his first major interview since the landmark sale. “It was very exciting, but it really made me sick to my stomach.”
Fifa consider holding Club World Cup every two years from 2029 - and could expand it
Sports - The next Club World Cup is due to take place in four years’ time, following the first expanded 32-team tournament held in the US this summer, but the world governing body is under pressure from leading clubs to make it a biennial event. Real Madrid are understood to have raised the issue of moving to a two-year cycle during talks with Fifa in Miami in June, a proposal that has gained support from other clubs who failed to qualify for this year’s tournament.