Calvin Klein Shuts Down Its Luxury Collection Posted April 23, 2019 American fashion house Calvin Klein is shutting down its luxury collection and plans to focus on its other lines, such as denim, underwear, and perfume. Calvin Klein is closing…
Popular Clothing Brand to Undergo Restructuring Posted April 17, 2019 Multinational fashion retailer Gap Inc. has announced its plans to restructure its organization. The company made the announcement in late February. According to Gap Inc., it i…
Lego Announces Growth in 2018 after 2017 Decline Posted April 8, 2019 Renowned toy company Lego returns to growth in 2018, a year after the company reported a drop in sales and revenue for the first time in 13 years. After the slump in 2017, Lego…
Nike Faces Complaints after High-Tech Shoes’ Release Posted March 30, 2019 The much-awaited release of Nike’s newest self-lacing shoes was met with tons of complaints from some unhappy consumers. Dubbed “the future of sneakers,” the $…
Delivery App Changes Tipping Policy after Backlash Posted March 24, 2019 A US-based delivery app will be revamping its system of tip distribution to employees. Instacart, a grocery shopping and delivery app founded in 2012, announce…
General Motors to Rehire Former Employees Posted March 18, 2019 General Motors Company (GM) will rehire some workers whom it had previously dismissed. In the last few months, the automobile company had been laying off thous…
Airbnb Acquires Online Workspace Booking Company Posted March 10, 2019 Online rental booking platform Airbnb has recently acquired Gaest.com [gest] in hopes of diversifying its services. Airbnb…
Digital Bank Starts 2019 with a Major Milestone Posted February 28, 2019 Digital bank Tandem has reached half a million users in January, a year after it started its operations. Tandem is a UK-based digital challenger bank—a startup financial compan…
French Airline Company to End the Operations of Its Subsidiary Posted February 24, 2019 Air France announced its plans to shut down its subsidiary airline called Joon after roughly a year of operations. The French flag carrier first introduced Joon in July 2017. T…
Trade Show Reveals New Car Communication Technology Posted February 16, 2019 A new wireless communication technology for cars was revealed in the recently held Consumer Electronics Show (CES) 2019. The technology, called cellular vehicle-to-everything (…