‘They Played Us’: Forever 21 Vendors Scorn Retailer’s Bankruptcy Forever 21, once a powerhouse in the fast-fashion industry, has recently faced backlash from its vendors. The brand’s US operator is under fire for allegedly requesting significant discounts on orders from suppliers and then proceeding to accept deliveries shortly before filing for bankruptcy. This move has […]
Historic Tesla collapse: Worst sales drop ever as Musk faces political backlash
Historic Tesla Collapse: Worst Sales Drop Ever as Musk Faces Political Backlash Politics and professionalism are like oil and water—mix them, and both become murky. Elon Musk, the enigmatic CEO of Tesla, is currently experiencing this firsthand as his company faces its worst sales drop ever amidst a backdrop of political backlash. Tesla, known for […]
Amazon removes diversity references as companies scale back DEI policies
Amazon Removes Diversity References as Companies Scale Back DEI Policies In a surprising move, major US companies such as Amazon, Meta, and Disney have been recently reported to be scaling back their diversity, equity, and inclusion (DEI) policies amid mounting political and legal pressures. Among these companies, Amazon has particularly stood out by removing diversity […]
FashionValet Founders Charged After Wealth Fund Losses
The recent charges against Vivy Yusof and Fadzarudin Shah Anuar, the co-founders of FashionValet, highlight significant issues within the intersection of business ethics and social media influence. Malaysian prosecutors have accused the couple of criminal breach of trust, stemming from alleged financial mismanagement that resulted in notable losses for government-linked investment firms. Both influencers, renowned […]
Unilever Sells Russian Business After Pressure From Campaigners
In a decisive move following intense scrutiny and pressure from various campaigners, Unilever has officially divested its Russian operations. The multinational company, recognized for its popular brands such as Dove and Ben & Jerry’s, has sold its subsidiary to Arnest Group, a local manufacturer specializing in cosmetics, household products, and perfumes. This sale includes not […]