Skechers Shareholder Takes Legal Action Over $9.4 Billion 3G Buyout A recent development in the business world has caught the attention of investors and industry experts alike. A Skechers shareholder has taken legal action against the footwear maker, raising concerns about the transparency and fairness of a significant buyout deal. The shareholder alleges that the […]
Shein Aims for London IPO by Mid-Year, Sources Say
Shein Aims for London IPO by Mid-Year, Sources Say Shein, the popular Chinese fast-fashion e-commerce platform, is reportedly setting its sights on launching an initial public offering (IPO) in London by mid-year. This ambitious move comes as the company seeks to expand its global presence and solidify its position in the competitive online retail market. […]
Alibaba Settles US Monopoly Lawsuit for $433.5 Million
In a significant move for the Chinese e-commerce giant Alibaba, the company has agreed to a settlement of $433.5 million in order to resolve a class-action lawsuit claiming monopolistic practices. This lawsuit, which dates back to 2020, alleged that Alibaba misled its investors by denying any allegations of anti-competitive behavior. Specifically, the lawsuit accused Alibaba […]
Nike Shareholders Vote Against Proposal on Workers’ Rights
In a significant development for the sportswear giant, Nike shareholders have voted against a proposal to engage in binding agreements with supply chain workers aimed at improving human rights conditions in high-risk countries. The outcome, announced at the company’s annual meeting, illustrates a pivotal moment for Nike amidst ongoing scrutiny over labor practices. The proposal […]