Hush Puppies owner Wolverine Worldwide snaps up Sweaty Betty for $410m August 3, 2021 Footwear giant Wolverine Worldwide has added the UK activewear brand Swear Betty into its portfolio after sealing a deal of $410m overnight. Wolverine Worldwide, behind footwear brands like Merrell, Saucony, Sperry and Hush Puppies, bought Swear Betty from consumer-focused private equity firm L Catterton. The deal was funded by cash and the company’s revolving line of credit. “Sweaty [...]
Covid related deaths at highest level since April August 3, 2021 Weekly deaths involving coronavirus in England and Wales have climbed to their highest level in three months. A total of 327 deaths registered in the week ending July 23 mentioned Covid-19 on the death certificate, up 50 per cent compared to the previous week according to the Office for National Statistics (ONS). Deaths reached their [...]
School’s out: Time to be a tourist in your City of Culture August 3, 2021 Summer in the City is the best time to dive into the rich and diverse cultural scene. Here’s our monthly round-up of all the best goings on. The LSO have a series of Summer Shorts on Friday mornings including 6 August Ayanna Witter-Johnson and the LSO Percussion Ensemble in the Jerwood Hall, LSO St Luke’s [...]
PepsiCo to sell Tropicana and Naked juice brands for $3.3bn August 3, 2021 PepsiCo has announced it will sell a controlling stake in its Tropicana and Naked juice brands to private equity firm PAI Partners for $3.3bn. PepsiCo will retain a 39 per cent non-controlling interest in a newly formed joint venture while French firm PAI PAI will be the majority shareholder of the transferred business. PepsiCo will [...]
“DinoBanking”- Prehistoric U.S. Legacy Banking August 3, 2021 U.S. banking is primitive. It forces some to write checks in this day and age. Yet some politicians and paid lobbyists are doing everything they can to kill off the vastly superior platforms of DeFi through onerous regulations. Typical banks and credit unions offer no ACH transfer, no automatic payroll. The check can’t be too [...]
Heavy fighting as Taliban seek to secure new areas after Western forces leave Afghanistan August 3, 2021 Fighting has escalated across Afghanistan after the withdrawal of US troops emboldened Taliban militants to close in on major cities.
Judge dismisses lawyer’s harassment claim warning against ‘a culture of hyper-sensitivity’ August 3, 2021 A lawyer, who claimed she was unfairly dismissed from her £100,000-a-year job after being sexually harassed, has lost her case after a judge warned against “encouraging a culture of hyper-sensitivity”. Nirosha Sithirapathy, who worked as legal counsel at pharmaceutical research company PSI CRO UK, claimed that she was discriminated against because of her age and [...]
Goldman Sachs boosts junior bankers’ pay to over $110k after 95-hour work week complaints August 3, 2021 Goldman Sachs has become the last of the Wall Street banking giants to bump up pay for its junior investment bankers, after analysts at the bank sent a presentation to management revealing colossal workloads. First-year analysts at the bank will now make between $110,000 and $150,000. Upon their second year at the bank, analysts’ base [...]
HS2 will deliver no environmental benefits, says former rail watchdog chief August 3, 2021 The volume of carbon emissions produced by the construction of the controversial HS2 railway line will be greater than the reduction in removing vehicles from the road, a new report published today revealed. A review of the project by the former head of the rail regulator, Stephen Glaister, found that HS2 will yield effectively zero [...]
Markets in retreat after last week’s outbreak August 3, 2021 Crypto at a Glance The slow start to the week continues, with the Bitcoin price still in retreat after failing to push past $42,000. The world’s largest cryptocurrency continues to trade in the corridor between $30,000 and $42,000 where it’s been stuck since late May, currently changing hands for around $38,500. it remains at the [...]
