Hong Kong CNN Business — Taiwan’s latest entrant to Wall Street has had a rough ride since it went public a week ago. Shares of Perfect Corp., a software company that allows users to virtually try on makeup or jewelry from brands such as Estée Lauder, LVMH and Shiseido, have fallen more than 40% from … Read more
Saudi Arabia’s crown prince Mohammed bin Salman has launched Ceer, the first Saudi electric vehicle brand, expected to be available in 2025, the state news agency (SPA) reported on Thursday. Ceer will attract over $150 million of foreign direct investment and is projected to directly contribute $8 billion to the kingdom’s GDP by 2034, SPA … Read more
ATLANTA, Ga. (Atlanta News First) – For 20 years, the Atlanta Police Department has used the same dark blue squad cars, but new Chief Darin Schierbaum saw the need for an update. The department announced its rollout of a new fleet Wednesday morning. Chief Schierbaum said the cars will now be a sleek black color … Read more
Best Western is launching a new extended-stay option, Home by BWH, the company this weekend announced during its annual convention in Cleveland. The new brand is the company’s 19th. Home by BWH focuses on the midscale market, senior VP and chief development officer Brad LeBlanc said during a press conference. It will join the company’s … Read more
Kanye West Broadimage/Shutterstock After losing several million-dollar business ventures, Kanye West is speaking out. “Let’s see the contracts,” West, 45, captioned a Saturday, October 29, Instagram post, noting he wanted to share his thoughts while Instagram “still” allows him access to his account. “So we can or better yet will do better business.” He added, … Read more
Kanye West continues to be dropped by major brands as the backlash against his anti-Semitic comments grows greater. The “Famous” artist made headlines on October 8 after tweeting, “I’m a bit sleepy tonight but when I wake up I’m going death con 3 [sic] On JEWISH PEOPLE. The funny thing is I actually can’t be … Read more
New York CNN Business — Barilla can’t avoid a class-action lawsuit over allegedly deceptive advertising about the pasta’s origins, a federal judge ruled this week. At issue is the brand’s slogan “Italy’s No. 1 brand of pasta,” which the lawsuit says can lead customers to believe it’s actually made in Italy. The customers that filed … Read more
A lawsuit alleging that Barilla misleads customers into believing its pasta is made in Italy can move forward starting next month, a federal judge ruled this week. Two California residents, Jessica Prost of Los Angeles and Matthew Sinatro of San Francisco, claim that Barilla is falsely labeling some of its products because the Illinois-based company … Read more
The Magic’s Paolo Banchero is the latest Duke alum to sign with Nike’s Jordan brand.Image: Getty Images Rivalries are all about tradition — and being petty. North Carolina fans are still celebrating that they defeated Coach K in his final home game, and his last game, after beating Duke in the Final Four. Blue Devils … Read more
Starbucks is selling its Seattle’s Best Coffee brand to Nestlé for an undisclosed amount. Nestlé, which is based in Vevey, Switzerland, has been in a partnership with Seattle-based Starbucks since 2018 and already distributes Starbucks-branded coffee in more than 80 markets worldwide. David Rennie, head of Nestlé’s coffee brands, said acquiring Seattle’s Best will continue … Read more