Adam Neumann pursues WeWork acquisition
Adam Neumann, the co-founder of WeWork who was ousted from the company in 2019, is reportedly seeking to buy back the real estate company out [more…]
Category: Business
South Korean defense firm LIG Nex1 gets $3.2 billion contract for missile system
In a major boost to South Korea’s defense exports, LIG Nex1 has secured a lucrative $3.2 billion deal with Saudi Arabia for the sale of [more…]
Novo Holdings to acquire Catalent in $16.5 billion deal
Danish pharmaceutical giant Novo Nordisk’s parent company, Novo Holdings, announced on Monday its plans to acquire drug manufacturer Catalent in a $16.5 billion deal. This [more…]
LVMH, the French luxury conglomerate, aims to expand its presence in the global luxury watch market
Luxury conglomerate LVMH is ramping up efforts to capture a larger share of the global luxury watch market, unveiling a new watch division and a [more…]
SoftBank to take full control of WeWork Japan, absorbing business-related debts
SoftBank plans to acquire full ownership of WeWork Japan, assuming the company’s business-related debts. This move comes just four months after the troubled coworking business, [more…]
Adidas contemplates writing off 300 million Euros in unsold Yeezy inventory
Adidas made a strategic decision to refrain from writing off the majority of its unsold Yeezy inventory and instead plans to sell the remaining shoes [more…]
Toyota and General Motors issue urgent warning for 61,000 older vehicles over Takata airbag risk
In a joint statement released Monday, Toyota and General Motors have issued an urgent warning to owners of approximately 61,000 older Corolla, Matrix, RAV4, and [more…]
Lucid Motors secures aluminum supply deal with Ma’aden Rolling
Lucid Motors, the US-based electric carmaker, is poised to fortify its supply chain with high-quality aluminum panels through a strategic agreement with a subsidiary of [more…]
Kubota North America fined $2 million for false claims
The U.S. Federal Trade Commission (FTC) has announced that tractor-maker Kubota North America will pay a $2 million civil penalty for falsely labeling some of [more…]
John Lewis Partnership contemplates significant job cuts to accelerate restructuring efforts
The renowned owner of John Lewis department stores and Waitrose supermarkets, is reportedly considering a substantial reduction in its workforce over the next five years. [more…]