Hints and tips:
Related Special Reports
...Adidas also plans to use proceeds from the inventory sale to pay royalties to Ye and meet costs stemming from the ending of the partnership, including laying off staff, closure of production capacity and...
...The bank said it had spent $186mn on severance costs in the third quarter alone, with 7,000 jobs jettisoned....
...Danone, which owns bottled water brands Evian and Volvic, is one of the consumer groups that has explored the use of plastic credits to pay for the recovery of tens of thousands of tonnes of plastic in Indonesia...
...Bumble last week has also announced a restructuring plan that will cut about 30 per cent of its workforce....
...However, such agreements come with a cost too, as hotels must pay fees to the franchisor....
...Lloyds’ operating costs were up 11 per cent, in part due to an “elevated” severance charge of £100mn as the lender embarked on a restructuring plan to increase its focus on digital....
...Frasers did not pay about 200 brands, which in turn refused to send new inventory....
...In the US, Microsoft laid off 10,000 employees in January 2023, and reported severance costs of $800mn, or $80,000 a head. The restructuring costs amount to 5.9 months of the median pay....
...“I’d rather pay a marketing person.” But, for Ridge at Beekman 1802, the services and advice Shopify provides are invaluable. “For us, it’s just ease of use,” he says....
...Chevedden has also been active in filing executive pay proposals concerning “golden parachutes”, which are guaranteed severance payments for executives who leave their company....
...The companies have been discussing the venture for about six months, but have not settled on the brand name, the management team or the pricing....
...Musk is also seeking to change the company’s state of incorporation to Texas, partly in protest at a Delaware court decision to void a $56bn pay package he was awarded in 2018....
...The service, to be housed in an as-yet unnamed new app, is aimed at consumers who have ditched traditional pay TV in favour of streaming....
...One Musk drama to start: Four former top executives at X, including ex-chief executive Parag Agrawal, are suing Elon Musk for more than $128mn in severance pay that they allege the billionaire owner of the...
...The claim said that, by resigning, Kassan had elected to waive his nearly $10mn severance payment in order to be able to compete with MediaLink....
...The Taylor Swift effect: Rivalry between Hong Kong and Singapore has always been hot, but tour plans by pop stars are throwing a new light on the competition between the two cities....
...The group plans to pay a £300mn bond this year using its own cash reserves, and to improve its profits and its debt ratio....
...L Catterton — which was created in 2016 through a partnership between a private equity firm, French luxury group LVMH and founder Bernard Arnault’s family investment vehicle — will pay €43 per share for...
...“Selling the brand allows us to simplify our business and pay down debt more quickly,” McNamara added....
...Bernard Arnault, chief executive of luxury goods brand LVMH, is second on the list with a personal fortune of $201bn, according to Forbes....
...BofA has eliminated positions mostly by attrition and so has avoided having to pay large severance cheques....
...Musk has been railing against the state since late January when a Court of Chancery judge nullified a $56bn stock pay package he had been awarded in 2018....
...Schwab and Prudential have in recent days divulged plans to cut about 2,000 and 240 positions, respectively....
...Despite big talk — Elon Musk is among those flagging superapp plans — no operator outside Asia has succeeded in pulling off an all-encompassing app that lets you pay, play, shop and work....
...Users can also check data and pay bills via an app....
International Edition