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Kim Kardashian’s Skims hits $5bn valuation
Posted onOsmond ChiaBusiness reporter Getty Images Skims, the shapewear brand co-founded by celebrity and entrepreneur Kim Kardashian, says it has raised $225m (£171.5m) of new funding, bringing its value to $5bn. The company says it plans to use the money from investors, including an arm of Wall Street banking giant Goldman Sachs, to open more shops…
Fujitsu not a parasite for profiting after Horizon scandal, says boss
Posted onArchie Mitchelland Esyllt Carr,Business reporters Parliament TV Fujitsu’s European boss Paul Patterson answered questions from the Business and Trade Committee Fujitsu is “not a parasite” for continuing to profit from government contracts in the wake of the Post Office Horizon scandal, its boss told MPs. European chief executive Paul Patterson said Fujitsu had been given…
School meals price increase will acutely affect children in poverty
Posted onFiona Murrayand Barry O’Connor,BBC News NI BBC Chris Quinn has called for a “fundamental rethink” of school meal provisions School meal price increases will “acutely” affect children living in poverty who do not qualify for free school dinners, Northern Ireland’s Commissioner for Children and Young People has said. Chris Quinn has called for a “fundamental…
South Korean workers detained in US raid arrive home
Posted onMore than 300 South Koreans who were detained in a massive immigration raid at a Hyundai plant in the US state of Georgia have arrived back home. Their return comes as the country’s president and Hyundai’s chief executive have warned about the impact of the raid. A chartered Korean Air jet carrying the workers and…
Nine ways the Budget could affect you if youre under 25
Posted onArchie MitchellBusiness reporter Getty Images The chancellor has announced her Budget which includes a freeze to income taxthresholds, a rise in minimum wages and a so-called milkshake tax. Here are nine ways Chancellor Rachel Reeves’ Budget might affect you if you are 25 or under. Minimum wage workers will benefit Minimum wages will go up…
