Asahi Beer abolishes 'image girl' spokesmodel position
Aug 03, 2022 11:03 am UTC| Life Economy Business
Asahi abolished the image girl spokesmodel position, which formed part of its marketing strategy, without clarifying the reasons. In 2021, when the pandemic protocols and social distancing recommendations were making...
Estee Lauder reportedly in talks to acquire Tom Ford for $3B or more
Aug 03, 2022 10:07 am UTC| Business Economy
Estee Lauder is said to be in discussion to buy Tom Ford, a luxury fashion house founded by designer Tom Ford in 2005. The deal could be worth $3 billion or more, according to people who are familiar with the...
Innoviz announces securing new Volkswagen contract worth $4B
Aug 03, 2022 10:03 am UTC| Business Economy
Innoviz Technologies Inc., an Israeli lidar maker, revealed on Tuesday, Aug. 2, that it was able to secure a $4 billion contract with Volkswagens autonomous driving unit. The deal makes Innoviz as the supplier of lidar...
Aug 03, 2022 09:53 am UTC| Business Economy
Candy Funhouse, a Canadian candy company, announced it is looking to recruit its chief candy officer, which is actually a candy taster, in simpler words. This is a dream job because the company is offering almost $100,000...
JD Sports finally appoints a CEO after 8 years
Aug 03, 2022 09:39 am UTC| Business Economy
JD Sports Fashion plc, a leading British sports-fashion retail company based in Bury, Greater Manchester, England, has appointed its chief executive officer after eight years. The company finally filled up its CEO post...
Revlon receives greenlight from court for $1.4B bankruptcy loan
Aug 03, 2022 09:22 am UTC| Business Economy
Revlon Inc. was approved by the court to proceed with its $1.4 billion loan so it can work on getting itself out of bankruptcy. A U.S. bankruptcy judge announced his decision on Monday, Aug. 1. As per Reuters, the...
Toyota Motor subsidiary Hino Motors reportedly falsified emissions data for almost 20 years
Aug 03, 2022 09:15 am UTC| Business Economy
Toyota Motors subsidiary, Hino Motors Ltd, reportedly faked its emissions data for almost two decades. A company-sponsored investigation said on Tuesday, Aug. 2, that it found the truck maker to have systematically...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects