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Kim Kardashian’s Skims hits $5bn valuation
Osmond 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…
Daily Mail owners takeover of Telegraph to face probe
In issuing the probe into the deal, Nandy said: “The public interest considerations concerned are the need for a sufficient plurality of views in each UK market for news media; and, the need for a sufficient plurality of persons with control of media enterprises serving every different UK audience.”
Rachel Reeves should avoid ‘half-baked’ tax fixes in Budget, says IFS
Michael Sheils McNameeBusiness reporter EPA Chancellor Rachel Reeves should avoid “directionless tinkering and half-baked fixes” when trying to boost the government’s tax take in next month’s Budget, a leading think tank has said. Taxes are widely expected to go up in the Budget, with pressure on the chancellor to raise money in order to meet…
How the new road safety measures will affect you
Emer MoreauBusiness reporter Getty Images Learner drivers could have to wait six months before booking a practical test The UK government has launched the first major road safety strategy in over a decade, aimed at lowering the number of people who are killed or seriously injured on the roads. The changes only apply to England…
