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When heavyweight boxing champion George Foreman signed a profit-sharing deal in 1994 on the kitchen appliance with which he would become synonymous, his expectations were modest. Foreman was already being courted by blue-chip companies, who paid money up front. The outlook didn’t improve when the second royalty cheque for whatContinue Reading
Business 23andMe on Sunday filed for bankruptcy in the U.S. after struggling with the fallout of a data breach and weak demand for its ancestry testing kits that featured in Oprah Winfrey’s annual list of favourite things just eight years ago. Company famous for its saliva testing has struggled toContinue Reading
Business Liquidation sales are kicking off Monday morning at all but six of Hudson’s Bay’s locations as the company continues to search for a way to restructure. Online sales will continue through April 15, in-store liquidation sales to wrap up by June 15 Hudson’s Bay liquidation sales have begun. Here’sContinue Reading
Business Many Tesla owners who were once proud to own the electric vehicle are reportedly now embarrassed to be associated with the brand as public furor against the company and its CEO, billionaire Elon Musk, gains momentum. CEO’s ties to Donald Trump have led to public anger, backlash directed atContinue Reading
Hudson’s Bay to liquidate all but 6 stores as shoppers race for memorabilia Shoppers are scrambling to collect Hudson’s Bay memorabilia after the company won approval to start liquidation sales at all but six stores next week. The flagship store in downtown Toronto is among the survivors. After a weekContinue Reading
Whether or not Hudson’s Bay Company will have to undergo a full liquidation or be able to keep some stores afloat while it restructures is still unknown — the indebted retailer has received another extension from an Ontario judge that will push the decision to the end of the week. AshleyContinue Reading
Business Google’s parent company, Alphabet, has struck a deal to buy cybersecurity firm Wiz for $32 billion US in what would be the tech giant’s biggest-ever acquisition, a move which comes at the same time it’s facing a potential breakup of its internet empire. Deal signals Google’s increasing investment inContinue Reading
Business The annual rate of inflation accelerated sharply to 2.6 per cent in February as the federal government’s temporary tax break came to an end mid-month, Statistics Canada said Tuesday. Dining out contributed the most to the acceleration in the overall price indexThe Canadian Press · Posted: Mar 18, 2025Continue Reading
Business Some retail experts say the traditional department store is on its way out in Canada because it didn’t change with the times. Other ill-fated stores like Sears and Eaton’s didn’t change with the times, say experts Sophia Harris · CBC News · Posted: Mar 18, 2025 4:00 AM EDTContinue Reading
Business PepsiCo said Monday it would buy prebiotic soda brand Poppi for $1.95 billion US, expanding into the “healthier soda” category at a time when the company is battling falling demand for its traditional beverages and snacks. Prebiotic sodas have become a top-growing category in the U.S. within the carbonatedContinue Reading
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