CNN – Business/Consumer

By Nathaniel Meyersohn, CNN Business Victoria’s Secret’s brand image was in tatters, and its owner finally had an escape route. In February 2020, L Brands, the publicly-traded parent of Victoria’s Secret and Bath & Body Works, struck a $525 million deal with private equity firm Sycamore Partners to give up its majority stake in Victoria’s

By Kerry Flynn, CNN Business BuzzFeed, the 15-year-old digital media company known for its lists, quizzes and its Pulitzer Prize-winning journalism, announced Thursday that it plans to go public at an estimated valuation of $1.5 billion. It’s a big deal in the media world, but still somewhat anticlimactic compared to the hype around BuzzFeed just

By Chauncey Alcorn, CNN Business The grand opening for rapper and activist Michael “Killer Mike” Render’s Greenwood banking platform has been postponed a second time, the company confirmed on Wednesday. In March, Greenwood co-founder Ryan Glover told CNN Business that the Black and Latinx-owned digital banking company’s planned early 2021 launch date was pushed back

By Hanna Ziady, CNN Business The United Kingdom will fail to meet its “historic climate promises” if the government doesn’t urgently put policies in place to reach its goal of decarbonizing the economy, according to its official climate watchdog. The Climate Change Committee, which advises the government on emissions targets, warned Thursday in its annual

By Jordan Valinsky, CNN Business Canada Goose is icing out the fur trims on its jackets. The luxury clothier said Thursday it will stop buying fur by the end of this year and cease manufacturing fur products no later than the end of 2022. Since the company’s founding in 1957, wild coyote fur was the

By Julia Horowitz, CNN Business The risk to tech stocks from increased regulation isn’t new. But it’s clearly increasing. What’s happening: A House of Representatives committee just moved forward sweeping bills meant to rein in big tech companies like Google and Facebook. Meanwhile, authorities in the European Union and the United Kingdom have announced new

By Alexis Benveniste, CNN Business Coca-Cola thought personalized bottles might bring some summer fun to its fans. Instead, it met the internet. The company’s make-your-own label promotion lets customers write short messages on custom Coke bottles. Although Coca-Cola tried to block some slurs and trademarks, social media users were quick to discover that the company’s

By Parija Kavilanz, CNN Business When walking into a traditional department store or browsing your favorite online retailer, shoppers typically navigate clothing options by first choosing a section based on its gender label: Men’s or Women’s, Girl’s or Boy’s. But some fashion-lovers don’t identify within this gender binary, and they, and in particular Gen Z

By Alicia Wallace, CNN Business Amazon certainly wasn’t the first major corporation to arrive at the cannabis reform party, but it sure made one of the biggest entrances to-date when it publicly pledged to relax its drug testing policies and also to back federal legalization efforts. And now it’s a question of how many others

Hong Kong’s biggest pro-democracy newspaper, Apple Daily, will close its print and digital production as Beijing tightens its grip.

By Nathaniel Meyersohn, CNN Business Shoppers aren’t showing any signs of getting tired of Amazon Prime Day, even though some sellers had said they weren’t planning on offering deals this year. Amazon said that Prime Day, held this past Monday and Tuesday, was the biggest two-day sales period for third-party sellers in the company’s history.

By Frank Pallotta, CNN Business Dating is hard. But at least it doesn’t require you to woo your beloved while dressed as a dolphin and they’re in full makeup, wearing a scarecrow outfit. Unless you’re a contestant on Netflix’s new series,”Sexy Beasts.” More fever dream than dating competition, “Sexy Beasts” is the latest reality series

By Anneken Tappe, CNN Business The US economy is inching back to normal. But the recovery remains uneven and some states are lagging behind in the race to get back to pre-pandemic strength — especially New York. Although several states’ economies have already fully recovered — and are even outpacing — their pre-Covid levels of

By Paul R. La Monica and Rob McLean, CNN Business Morgan Stanley plans to ban workers from its New York headquarters if they have not received a Covid-19 vaccine. The rule will apply to non-vaccinated guests and clients as well. According to a source close to the company, Morgan Stanley said in a memo to

By Hanna Ziady, CNN Business A deal to release the Ever Given could soon be reached, freeing the quarter-mile-long container ship and the hundreds of millions of dollars worth of cargo it was carrying when it blocked the Suez Canal three months ago. An Egyptian court seized the ship and its 18,300 containers, after the

By Paul R. La Monica, CNN Business The CEO of one of Wall Street’s top investment banks has a message for employees in its New York offices. You need to come back to work this fall. Morgan Stanley chief James Gorman said at an investing conference earlier this week that it’s time for the bank’s

By Jordan Valinsky, CNN Business Warren Buffett has resigned from his trustee position at the Bill and Melinda Gates Foundation, the 90-year-old investor announced Wednesday. In a statement, Buffett didn’t specify why he’s leaving the foundation, but noted he has already resigned from all corporate boards other than Berkshire Hathaway’s. Buffett added that the foundation’s

By Julia Horowitz, CNN Business Supply chain issues and other post-pandemic headaches can’t mask this reality: The global economic recovery is powering ahead. What’s happening: Business activity within the 19 countries that use the euro grew at the fastest rate in 15 years in June, according to the Purchasing Managers’ Index from IHS Markit, a

Brian Stelter speaks with WSJ reporter Elaine Yu about the recent arrests at Apple Daily, a pro-democracy newspaper in Hong Kong. Then he interviews Mark Simon, assistant to Apple Daily chairman Jimmy Lai, who is also behind bars. “Folks, if you don’t have a free press, you do not have a free society,” Simon says.

By Jenni Marsh, CNN Business One year was all it took for a Beijing-imposed National Security Law to take down Hong Kong’s largest and loudest pro-democracy newspaper. Next Media announced Wednesday that Apple Daily, its flagship tabloid, would publish its final copy Thursday due to an untenable environment in which its journalists had been arrested