While coronavirus may have impacted sales for Capri Holding Ltd., the parent company of Versace, Jimmy Choo, and Michael Kors, it still reported better than expected financial results this week for the first quarter ended June 27th. The company saw its sales drop across all brands with Versace down 55% to $93 million, Jimmy Choo … Continue reading “Parent Company of Jimmy Choo and Michael Kors Tops Earnings Expectations”
Company News
Parent Company of Victoria’s Secret Will Cut 15% of its Corporate Workforce
The parent company of Victoria's Secret, L Brands, has said this week that it would…
Qualcomm and Huawei Sign a Patent Licensing Deal
Qualcomm announced this week in its third quarter earnings report that it has signed a…
Google Employees to Work From Home Until Summer of 2021
While many people are itching to get out of the house and back to their…
Tesla is Suing Rivian and Says Company has Stolen Secrets and Poached Employees
Electric vehicle maker Tesla is suing American automaker and automotive technology company. Rivian for allegedly…
Aldi is Planning to Open 70 New Stores by End of 2020
Aldi has become a favorite place to shop among many consumers and the store plans…
American Airlines Warns Thousands of Employees about Potential Job Slashes
As the coronavirus pandemic continues to surge through the nation, airline company American Airlines has…
A Tokyo Company Has Invented a Battery 90% Cheaper Than Lithium Ion
With the ever growing demand for electric vehicles and electronic gadgets, lithium ion batteries remain…
Wells Fargo is Now Requiring Clients to Have $1 Million in Balances to Refinance Jumbo Mortgages
With the economy in such dire straits, Wells Fargo made a surprising move by telling…
Palantir Just Filed for a Public Listing Quietly
After considering a public offering for the last ten years, data analytics company Palantir Technologies…
Walmart Shares Head Higher as Walmart+ Launch Nears
Watch out Amazon Prime, there's a new competitor in town that's getting ready for a…
This is Why Verizon Paused its Advertising on Facebook and Instagram
According to Verizon's CEO Hans Vestberg, it was unacceptable Facebook content showing up next to…
Chinese CEO Steps Down After Amassing $44 Billion Fortune
Colin Huang has become one of China's richest people in the past five years after…
Amazon Memo Reveals that COVID-19 Was Prevalent in a Warehouse in This City
According to an internal memo from Amazon that was obtained by CNBC, coronavirus infection rates…
