Archive | business

MUJI U.S. Files for Chapter 11 Bankruptcy Due to COVID-19 Impact

According to Bloomberg, MUJI’s U.S.-based entity has filed for Chapter 11 bankruptcy. The Japanese homeware and lifestyle store joins over 110 companies that have declared bankruptcy in the U.S. this year, blaming the filing on the coronavirus pandemic and the subsequent shutdown of stores.Muji U.S.A Ltd., which is operated by Ryohin Keikaku Co., listed assets and […]

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MUJI U.S. Files for Chapter 11 Bankruptcy Due to COVID-19 Impact

According to Bloomberg, MUJI’s U.S.-based entity has filed for Chapter 11 bankruptcy. The Japanese homeware and lifestyle store joins over 110 companies that have declared bankruptcy in the U.S. this year, blaming the filing on the coronavirus pandemic and the subsequent shutdown of stores.Muji U.S.A Ltd., which is operated by Ryohin Keikaku Co., listed assets and […]

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Sony Has Just Invested $250 Million USD in Epic Games

Sony has just announced a $250 million USD investment into Epic Games. The deal comes shortly after the highly-successful Fortnite Travis Scott concert tour, which saw the merger of gaming and music entertainment.Now with the upcoming PlayStation 5 console, Sony is looking to capitalize on more cross-platform collaborations stating that the $250 million USD will […]

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Nike Rise Offers Personalized Shopping and Community Experiences

Nike Rise is the sportswear giant’s latest rollout, a personalized shopping experience that has officially debuted in Guangzhou, China.Aimed at engaging with sports and its city’s communities, the Nike Rise concept launch in Guangzhou is supported by new Nike App features alongside a 15,000 sqft store that has been designed as a digitally advanced sports […]

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‘PUBG Mobile’ Brings in $3B USD in Revenue from Microtransactions

Chinese tech giant Tencent has just reached a new milestone with its free-to-play mobile version of PUBG, bringing in a lifetime revenue of over $3 billion USD from microtransactions alone in just the two years since its launch, according to a new report from research firm Sensor Tower.The Coronavirus pandemic causing social distancing and lockdowns […]

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The U.K. Arts Sector Receives Almost $2 Billion USD Rescue Package

The U.K. government has revealed a $1.96 billion USD lifeline for the country’s hard-pressed arts sector. This past Sunday, U.K. Chancellor Rishi Sunak broke the news on Twitter: “We’re introducing a world-leading £1.57 billion GBP rescue package to help cultural, arts and heritage institutions weather the impact of [the] coronavirus.”This relief fund comes after months […]

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Pizza Hut’s Largest U.S. Franchisee Files for Bankruptcy

According to reports, Pizza Hut’s largest franchisee in the United State, NPC International, has now filed for Chapter 11 bankruptcy.Following prolonged shutdowns due to Coronavirus (COVID-19), NPC International has faced struggling business with growing costs for food and labor amounting to nearly $1 billion USD in debt. In a statement, Pizza Hut noted that the […]

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Lucky Brand Files for Chapter 11 Amid COVID-19 Pandemic

Lucky Brand has filed for bankruptcy amid the COVID-19 pandemic, joining a long list of other companies that have been forced to do the same. The company’s assets are being purchased by SPARC Group LLC, proprietors of labels like Aéropostale and Nautica. “Substantially all” of Lucky Brand’s assets will be acquired, including intellectual property. Lucky […]

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How to Help Small Businesses Survive the Pandemic

As states across the country begin reopening amid another surge of coronavirus cases, small business owners find themselves at a crossroads. In the video above, we speak with a number of independent business owners to find out how their customers and communities can help them survive this pandemic.Read more… Continue Reading at https://lifehacker.com

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adidas’ Head of Human Resources Departs After Employee Complaints

adidas’ multi-million “investment in the black community” may be a positive step forward for the German sportswear behemoth, but for some employees, it wasn’t enough. Karen Parkin, the company’s global head of human resources, has now retired in light of complaints made by adidas staff. The Wall Street Journal reports that Parkin announced her departure […]

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WWE’s Vince McMahon Increases Net Worth by $177 Million USD During COVID-19

A new study has shown that eight out of the 14 billionaires in Connecticut have increased their net worth since the coronavirus despite 400,000 people from the state becoming unemployed. Among the gainers is WWE’s CEO Vince McMahon.Despite various hurdles for the wrestling league brought on by the coronavirus pandemic, McMahon’s net worth increased by […]

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