The capital investment represents a 10% stake in the company, Oatly spokeswoman Sara Fletcher told CNN Business on Tuesday. The money will go toward expanding production and distribution capabilities in Europe, the United States, and Asia. The investment puts Oatly’s valuation at $ 2 billion, according to The Wall Street …
Read More »Brookfield, other US mall owners rent parking lots during a pandemic
A drive-in theater is installed in the parking lot of Brookfield’s Park Meadows shopping center in Lone Tree, Colorado, just outside of Denver. Source: Kilburn Parking lots, of all places, are becoming major sources of income for some mall owners during the coronavirus pandemic. Brookfield Properties has signed an agreement …
Read More »This is what is getting more expensive, and cheaper, at the grocery store
Requests to stay home and restaurant closings have led more people to eat at home in recent months. As a result, the cost of food at home increased 0.7% in June from the previous month, according to seasonally adjusted data from the Bureau of Labor Statistics. While the increase slowed …
Read More »The pandemic exhausts Delta’s investments in foreign airlines, at a cost of $ 2 billion
Aeroméxico planes at the Mexico City International Airport. John Gress | Corbis | fake pictures Delta Air Lines spent years accumulating equity stakes in foreign airlines from the UK to Chile to grow internationally and dominate those airlines. The coronavirus pandemic has disrupted those plans and is proving costly as …
Read More »Best Buy will require customers to wear masks in its stores
It is the latest masking mandate for customers announced by a major chain at a time when coronavirus cases across the country continue to rise. Starbucks (SBUX) He said last week that he will require customers to wear face coats or masks at all of his 9,000 company-owned U.S. stores …
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