Business News

Germany’s Birkenstock selling majority stake to investors

Germany’s Birkenstock, known for its upmarket sandals, says it is selling a majority stake to private equity firm L Catteron and affiliates including Financière Agache, the family investment company of French billionaire Bernard Arnault Go to Source Author:

COVID-19 bill must drop minimum wage hike, arbiter decides

The Senate parliamentarian has dealt a potentially lethal blow to Democrats’ drive to hike the minimum wage, deciding that the cherished progressive goal must fall from a massive COVID-19 relief bill the party is trying to speed through Congress Go to Source Author:

TikTok owner ByteDance to pay $92M in US privacy settlement

TikTok’s Chinese parent company ByteDance has agreed to pay $92 million to U.S. users who are part of a class-action lawsuit alleging that the video-sharing app collected their data in violation of a strict Illinois privacy law Go to Source Author:

Best Buy cut 5,000 jobs even as sales soared during pandemic

Best Buy said Thursday that it laid off 5,000 full-time store workers earlier this month, even as the company’s sales soared during the pandemic as homebound people bought laptops, TVs and other gadgets Go to Source Author:

McPlant and more: Beyond Meat inks McDonald’s, Yum deals

Plant-based food company Beyond Meat will be partnering with several fast food chains in the coming years to expand to products that could eventually include a plant-based burger, chalupa or toppings on a stuffed-crust pizza Go to Source Author: