UK’s Coffee Industry Faces Barista Shortage Posted May 19, 2019 The United Kingdom’s coffee industry is facing a scarcity of baristas as it grows at a fast pace, according to a recent report. The report, published by market…
Airbnb Invests in Indian Hotel Startup Posted May 16, 2019 Home-sharing platform Airbnb has invested in OYO, one of India’s largest budget hotel chains. OYO, which means On Your Own, was established in 2013. It started as a booking pla…
Lyft Drivers Protest as Company Celebrates Major Achievement Posted May 12, 2019 Drivers of ride-hailing service Lyft staged a protest on the day the company went public. Last March, Lyft became the first ride-hailing compa…
The BBC and Discovery Channel Partner Up for New Platform and Shows Posted May 10, 2019 The BBC and Discovery Channel recently partnered up to stream shows in a new platform. Last March, Discovery Channel bought rights to broadcast the BBC’s conte…
Nike Faces Fine for Blocking Sales of Soccer Items in Other Countries Posted May 8, 2019 The European Commission (EC) has fined Nike for limiting the sale of licensed soccer merchandise across the European Economic Area (EEA). The commission required Nike to pay a …
New York’s Chrysler Building Sold at a Huge Discount Posted April 25, 2019 The Chrysler Building, a well-known skyscraper in New York City, was recently sold at a discounted price. Built in 1930, the building was considered as the wor…
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 $…