Allbirds' Dramatic Fall: $4bn to $39m Sale
The once-celebrated sustainable trainer brand Allbirds has been sold for just $39m after a catastrophic decline from its $4bn peak, highlighting the perils of hype over substance.
Category : Acquisitions
SpaceX Files for IPO, Could Make Musk a Trillionaire
SpaceX has submitted preliminary paperwork for a public share offering, potentially the largest ever, which could value the company at $1.5 trillion and make Elon Musk the world's first trillionaire.
SpaceX Files for Trillion-Dollar IPO, Historic Market Debut
Elon Musk's SpaceX has confidentially filed for an IPO that could value the company at up to $2 trillion, potentially making it the largest stock market debut ever. The move involves major Wall Street banks and follows a merger with AI startup xAI.
Jo Malone Sued by Estee Lauder for £200k Over Zara Perfume Name
Fragrance entrepreneur Jo Malone is being sued for over £200,000 by Estee Lauder for allegedly breaching trademark agreements by using her name on Zara perfumes, despite selling her brand in 1999.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Cuban Regrets Selling Mavericks to Adelson Family
Dallas Mavericks minority owner Mark Cuban admits he regrets selling the team to casino magnates Miriam Adelson and Patrick Dumont for $3.5 billion in 2023, citing mistakes in the process.
Rightmove Hit with £1.5bn Claim Over Estate Agent Fees
Property portal Rightmove is being sued for £1.5bn in damages by estate agents who claim it charges excessive subscription fees, with around 250 businesses supporting the legal action.
EasyJet Parent Loses High Court Trademark Dispute
EasyGroup has been defeated in a High Court trademark case against two footwear firms using 'easy' in their names, with the judge dismissing claims of consumer confusion.
Estee Lauder Sues Jo Malone Over Zara Collaboration
Estee Lauder Europe files a High Court lawsuit against Jo Malone, seeking over £200,000 in damages for trademark infringement and breach of contract related to her Zara fragrance collaboration.
Jo Malone Sued for £200k by Estee Lauder Over Name
Fragrance entrepreneur Jo Malone is being sued for over £200,000 by Estee Lauder's parent company for alleged trademark infringement, passing off, and breach of contract.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Unilever Merges Food Business with McCormick in $44.8bn Deal
Unilever combines its food business with US-based McCormick in a $44.8bn transaction, but shareholders face a messy deal with equity stakes and market skepticism.
CKI Demands Thames Water Open Bids After Failed Takeover
A director at CK Infrastructure expresses frustration over being excluded from the rescue process for debt-laden Thames Water, urging regulators to intervene and allow competitive bids.
Guardian Executive Committee Undergoes Major Restructuring
The Guardian's executive committee is undergoing a significant internal restructuring and strategic review, aimed at enhancing operational efficiency and adapting to digital media challenges.
Unilever and McCormick Seal $44.8bn Food Merger Deal
Unilever agrees to combine its food arm with McCormick in a $44.8bn deal, forming a new company majority-controlled by Unilever, with brands like Marmite and Hellmann's joining McCormick's portfolio.
Uber Acquires Blacklane to Expand Premium Chauffer Services
Uber has acquired Blacklane, a global chauffeur service platform, to accelerate its entry into the premium travel sector with Uber Elite, targeting corporate and luxury riders.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
McCormick and Unilever Foods Division Confirm $29.1bn Merger
Spice giant McCormick announces a merger with Unilever's foods division, creating a $29.1 billion entity. The deal brings Marmite and French's mustard under McCormick's leadership.
Unilever and McCormick Form £33.8bn Food Giant in Mega Deal
Unilever merges its food business with US rival McCormick in a £33.8 billion deal, creating a global powerhouse with brands like Hellmann's and Marmite, aiming for growth and cost efficiencies.
Unilever-McCormick £33.8bn Food Merger Forms Industry Titan
Unilever merges its food division with US rival McCormick in a £33.8 billion deal, combining Hellmann's and Marmite with French's mustard to create a global flavour powerhouse.
McCormick Merges with Unilever's Food Division
Spice maker McCormick has announced a combination with Unilever's food division, including brands like Hellmann's and Knorr, creating a new entity under McCormick's name.
Unilever's £11.9bn Food Unit Merger with McCormick
Unilever is in advanced talks to merge its food business with US rival McCormick in a deal worth £11.9 billion, while also implementing a temporary hiring freeze amid global economic turbulence.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Domino's Appoints Nicola Frampton as Permanent CEO
Domino's Pizza has named Nicola Frampton as its permanent chief executive, marking a strategic pivot to focus on core pizza offerings while expanding into the chicken market with its Chick 'N' Dip sub-brand.
Unilever in £11.9bn Talks to Merge Food Unit with McCormick
Unilever is in late-stage discussions to merge its food business with US rival McCormick in a deal worth £11.9 billion, potentially reshaping its portfolio towards beauty and personal care.
Apple Fined £390k by UK Over Russian Sanctions Breach
Apple Distribution International, an Irish-based subsidiary, has been fined £390,000 by the UK government for making payments to a sanctioned Russian streaming service, highlighting sanctions enforcement risks for non-UK firms using British banks.
Air Canada CEO Resigns After French Language Backlash
Michael Rousseau, CEO of Air Canada, will retire by 2026 after facing intense criticism for his English-only video tribute to pilots killed in a LaGuardia airport crash, sparking outrage in French-speaking Quebec.
ARN Media's Market Value Plummets Amid Star Lawsuits
ARN Media's market value has plunged to around $100 million as former radio stars Kyle Sandilands and Jackie O Henderson file lawsuits seeking over $160 million combined, potentially forcing drastic corporate measures.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Restaurant Depot Sold to Sysco for $29.1 Billion by 94-Year-Old
Nathan Kirsh, 94, sells his cash-and-carry business Restaurant Depot to food giant Sysco for $29.1 billion, a deal set to reshape the wholesale food distribution industry.
Air Canada CEO Retires After English-Only Crash Condolence Backlash
Air Canada CEO Michael Rousseau announces retirement after intense criticism for delivering condolences only in English following a deadly LaGuardia Airport plane crash, sparking outrage in bilingual Canada.
Air Canada CEO Retires After English-Only Crash Message Backlash
Air Canada CEO Michael Rousseau announces retirement following criticism over his English-only condolence message after a deadly New York crash, highlighting Canada's bilingual tensions.
Five Guys CEO Gives $1.5M Bonus After Promotion Backlash
Five Guys CEO Jerry Murrell awarded $1.5 million in bonuses to employees after a chaotic promotional day, joking he didn't want 'anybody shooting me in the back' in a reference to a recent CEO assassination.
Six Major Companies Including Chocolate Maker Enter Administration
A 40-year-old chocolate manufacturer, a premium children's bike company, and a vaping distributor are among six businesses that have recently plunged into administration, citing rising costs and market challenges.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Applebee's Franchisee Files Bankruptcy, 53 Locations at Risk
Neighborhood Restaurant Partners, operating 53 Applebee's across Alabama, Florida, and Georgia, filed for Chapter 11 bankruptcy. Dine Brands will serve as stalking-horse bidder to potentially acquire the struggling franchisee.
Page 1 of 27
