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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…
Leon will focus on stations and airports to revive fortunes, boss says
Posted onEmer MoreauBusiness reporter Getty Images Fast-food chain Leon will open more restaurants in service stations, airports and train stations, after it closes 20 on the High Street, its boss has said. John Vincent said the upcoming rises in business rates along with overall cost increases means the High Street is no longer as profitable. Leon…
The Manchester community shop selling groceries at huge discounts
Posted onKelly Foranand Jonny Humphries,North West Kelly Foran/BBC Andy Hawthorne said the idea, formed to help ease food insecurity, had “gone a bit nuts” A charity boss who founded a community shop selling groceries at a fraction of the price of supermarkets said the concept was so successful “it had gone a bit nuts”. Andy Hawthorne…
Cloudflare apologises for outage which took down X and ChatGPT
Posted onA number of high-profile websites, including X and ChatGPT, went down for many on Tuesday, due to problems affecting major internet infrastructure firm, Cloudflare. Thousands of users began reporting issues with the sites, as well as other services, to outage monitoring site Downdetector shortly after 11:30 GMT. Cloudflare said th “significant outage” occurred after a…
UK regulator asks X about reports its AI makes sexualised images of children
Posted onOfcom has made “urgent contact” with Elon Musk’s company xAI following reports its AI tool Grok can be used to make “sexualised images of children” and undress women. A spokesperson for the regulator said it was also investigating concerns Grok has been producing “undressed images” of people. The BBC has seen several examples on the…
