Spotify Reports $2 Billion USD Revenue in Q1 2020 Earnings
Music

Spotify Reports $2 Billion USD Revenue in Q1 2020 Earnings

Beating the analysts’ forecast despite the coronavirus pandemic’s impact.

SXSW Slapped With Class Action Lawsuit Over No Refund Ticket Policy
Music

SXSW Slapped With Class Action Lawsuit Over No Refund Ticket Policy

The Austin, Texas festival was previously cancelled due to COVID-19.

Off-White™ Remains World's "Hottest Brand" in Lyst Index Q1 2020 Report
Fashion

Off-White™ Remains World's "Hottest Brand" in Lyst Index Q1 2020 Report

Jacquemus, LOEWE, Rick Owens and Raf Simons also appear in the top 20.

Elon Musk Nearing $750 Million USD Record Payout From Tesla Stock Options
Automotive

Elon Musk Nearing $750 Million USD Record Payout From Tesla Stock Options

The largest payday for any executive in U.S. history.

Investor Group Reportedly Push for Neiman Marcus Sale Amid Imminent Bankruptcy Filing
Fashion

Investor Group Reportedly Push for Neiman Marcus Sale Amid Imminent Bankruptcy Filing

Competing against an existing $600 million USD loan from other creditors.

Brazil's Fashion Sales Drop 50% Amid Coronavirus Pandemic
Fashion

Brazil's Fashion Sales Drop 50% Amid Coronavirus Pandemic

“All of Brazil is closed and the only stuff that’s selling is online.”


adidas Sales Fell 19% and Missed Profit Expectations by 93% in Q1 2020
Footwear

adidas Sales Fell 19% and Missed Profit Expectations by 93% in Q1 2020

Due to the coronavirus crisis.

Kanye West Officially Recognized as a Billionaire By 'Forbes'
Entertainment

Kanye West Officially Recognized as a Billionaire By 'Forbes'

The publication estimates his net worth at $1.3 billion USD.

StockX Lays Off 12% of Staff in Latest Cost-Cutting Measures
Footwear

StockX Lays Off 12% of Staff in Latest Cost-Cutting Measures

Between 100 and 150 workers will be without jobs from April.

Snap Inc. to Raise $750 Million USD in Debt Offerings
Tech & Gadgets

Snap Inc. to Raise $750 Million USD in Debt Offerings

Shortly after the company posted positive results for Q1 of 2020.

Gap Faces Dire Cash Shortage, Stops Paying Rent Amid Coronavirus Closures
Fashion

Gap Faces Dire Cash Shortage, Stops Paying Rent Amid Coronavirus Closures

The company’s $1.7 billion USD is expected to shrink by the end of the fiscal quarter.

Hermès Reports Resilient Q1 2020 Finances
Fashion

Hermès Reports Resilient Q1 2020 Finances

The French luxury label is taking losses at a lower rate than competitors.

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