Sequential Brands Group Inc., the parent company of brands including the Jessica Simpson fashion collection and Joe’s Jeans, filed for bankruptcy protection after the apparel industry was upended by changing consumer habits and the coronavirus pandemic.
The owner and licensor of brands such as Gaiam yoga filed its Chapter 11 petition in Wilmington, Delaware with plans to hold an auc…
Read more
Beer and meat lovers might have a difficult time getting their favorite products this fall. That’s because there’s a shortage of carbon dioxide (CO2) in the U.S., leading to complications at a number of breweries and food suppliers across the country.
Food and beverage companies, such as Tyson and Kraft Heinz, have been scrambling to find suppliers of the gas, which is used fo…
Read more
Tesla Inc. investors have a lot to parse after the July 4 holiday: a disappointing quarter of deliveries, a record month of production, and now several weeks of downtime at multiple plants.
The electric-car maker will halt most production on its Model Y assembly line in Shanghai for the first two weeks of July, then stop the Model 3 line for a 20-day stretch starting July 18, Bloomberg re…
Read more
Ivan, just 6 months old, bounces in his baby rocker as a Spanish-language cartoon plays on TV. The living room is small but full, dominated by a tree branch with plastic red blossoms that Ivan’s mother, Sara, made. She asks her 9-year-old daughter, Luz, to leave the room. She’s about to explain something she doesn’t want her daughter to ever think about again: the event that s…
Read more
Bang Si-Hyuk cut his teeth in the music industry as an artist—a songwriter. But lately, as founder and now Chairman of HYBE, the South-Korea-based talent agency and technology company behind supergroup BTS, Bang has become better known for his canny strategies and vision as the ringleader of one of the world’s most potent culture companies. Just launched on Korea’s stock excha…
Read more
(To receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.)
Airbnb CEO Brian Chesky recently announced that the company’s employees will be able to work from anywhere, including (for up to three months) overseas. He also abolished location -based pay, at least within the U.S. In the days following th…
Read more
Airbnbs are empty. At least that’s what it seems like to some Airbnb hosts, even though the company reported its “most profitable quarter ever” on Tuesday.
Some social media users have been speculating for weeks that the “Airbnbust is upon us,” as one viral tweet read. The conversation has swept across a number of social platforms, from Twitter to Facebook to…
Read more
For the first time in decades, we are in the midst of a bona-fide inflation scare. Recent numbers came in at 6.2%, the highest since 1990. With government spending in the trillions and economic activity surging as the pandemic wanes, much of the world is beset by high demand for goods that have created massive supply-chain bottlenecks, with not enough ships and capacity at ports leading to long…
Read more
Last week, several influencers known for uploading makeup and lifestyle content began posting that they were heading to Dubai with Tarte Cosmetics for the launch of a new foundation product. They included TikTokers like Meredith Duxbury, a makeup influencer with over 16 million followers; Alix Earle, a relatively new influencer who recently gained popularity for her “get ready with me&rdq…
Read more Taylor Swift made history at the 2024 Grammy Awards after winning her fourth Album of the Year statue for Midnights, making her the first person to win four awards in this category—beating out Frank Sinatra, Stevie Wonder, and Paul Simon, who are all tied with three awards. In one final surprise of the night, the award was presented by Celine Dion, who has not made public appearances…
Read more