Retail Ecommerce Ventures (REV), an investment firm that buys besieged brands, is paying $ 31 million for the dying name of the home goods and intellectual property retailer. The goal is to restart Pier 1 online and create a “strong e-commerce future for the brand,” the firm said Friday. Pier …
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The numbers: Americans increased spending on a variety of goods and services in June as more people returned to work and massive infusions of government aid flowed through the economy, but progress appears to have slowed lately after a recent surge in coronavirus cases. Personal spending rose 5.6% in June, …
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People watch the Trolls movie from their cars, separated from other cars by a 10-foot orange fence in an effort to respect social distancing amid the new coronavirus pandemic, at Ocala’s drive-in cinema in Ocala, Florida. , on April 25, 2020. Vic Micolucci | AFP | fake pictures Universal may …
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International Airlines Group (ICAGIA), which owns both European airlines, said on Friday it plans to raise up to 2.75 billion euros ($ 3.3 billion) from shareholders, including the Qatari state airline, to help weather the deepest crisis in the history of aviation. The company plans to use the money to …
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Assembly workers at Fiat Chrysler Automobiles produce protective masks, amid the spread of coronavirus disease (COVID-19), at the assembly plant in Betim, near Belo Horizonte, Brazil, on May 20, 2020. Washington Alves | Reuters Fiat Chrysler lost $ 1.24 billion (1.05 billion euros) in the second quarter as the coronavirus …
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