True Religion Files for Bankruptcy
Fashion

True Religion Files for Bankruptcy

The second time in three years.

Jordan Brand Wins Eight-Year Legal Battle Against Qiaodan Sports
Footwear

Jordan Brand Wins Eight-Year Legal Battle Against Qiaodan Sports

Affecting just four of Qiaodan Sports’ 74 trademarks in China.

SoftBank Estimates $24 Billion USD Loss for 2019 Fiscal Calendar
Tech & Gadgets

SoftBank Estimates $24 Billion USD Loss for 2019 Fiscal Calendar

Weighed down by WeWork, OneWeb and Vision Fund.

WeWork Late on Rent Payments as COVID-19 Negatively Impacts Revenue
Tech & Gadgets

WeWork Late on Rent Payments as COVID-19 Negatively Impacts Revenue

Hoping to find alternative arrangements with landlords.

Airbnb Raises $1 Billion USD Through Private Equity
Travel

Airbnb Raises $1 Billion USD Through Private Equity

After setting aside a $250 million USD fund to help reimburse its hosts.

Apple to Mass Produce 1 Million Face Shields per Week for Medical Workers
Tech & Gadgets

Apple to Mass Produce 1 Million Face Shields per Week for Medical Workers

“We’ve launched a company-wide effort,” Tim Cook shared.


Nike's Memphis Distribution Center Closes After Employee Tests Positive for COVID-19
Footwear

Nike's Memphis Distribution Center Closes After Employee Tests Positive for COVID-19

The company’s largest warehouse will reopen after a “comprehensive disinfection process.”

Spotify & Warner Reach New Global Music Licensing Agreement
Music

Spotify & Warner Reach New Global Music Licensing Agreement

The end of a tense negotiation.

Uber is Offering 10 Million Free Rides & Deliveries Amid Coronavirus Epidemic
Tech & Gadgets

Uber is Offering 10 Million Free Rides & Deliveries Amid Coronavirus Epidemic

Extending help and support to the most vulnerable.

LVMH Says Revenues Have Dropped 10% to 20% Due to Coronavirus
Fashion

LVMH Says Revenues Have Dropped 10% to 20% Due to Coronavirus

Kering SA and Burberry Group Plc. have also reported similar drops.

GameStop to Close At Least Another 320 Stores Over the Next 12 Months
Gaming

GameStop to Close At Least Another 320 Stores Over the Next 12 Months

After already closing 321 stores in the previous financial year.

New Balance Gets "All Hands On Deck" to Make Face Masks for Hospitals
Footwear

New Balance Gets "All Hands On Deck" to Make Face Masks for Hospitals

“Made shoes yesterday. Making masks today.”

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