UK Prime Minister Boris Johnson to Confront Amazon Boss Jeff Bezos Over Tax Record

United Kingdom Prime Minister Boris Johnson will confront Amazon boss Jeff Bezos over his e-commerce company’s tax record and working standards for employees when they meet in New York on Sept. 20. Asked if Johnson would urge Bezos to pay …

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Nike Gives Head Office Staff Week-Long Mental Health Break

Sportswear giant Nike has given its head office employees a week off to support their mental health amid the COVID-19 pandemic. Matt Marrazzo, Nike senior manager of global marketing science, announced in a LinkedIn post that the head office in …

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Massmart in Advanced Negotiations to Acquire OneCart

South African retailing giant Massmart announced that it is already advancing its negotiations to acquire a controlling stake in online delivery startup OneCart, accelerating its aim to boost its centralized e-commerce capability. Massmart, which also owns local brands such as …

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Fashion Retailers Agree to Extend Bangladeshi Garment Workers’ Safety Pact

Major global apparel brands on Wednesday have agreed to extend for two years a pre-existing agreement with garment workers and factory owners in Bangladesh to ensure workplace safety standards. The deal’s deputy director Joris Oldenziel and representatives for UNI Global …

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Trustees of Supermarket Company Morrisons Raise Concerns Over Takeover Plan

Trustees of Morrisons’ pension schemes have raised concerns on Tuesday over a £7 billion private equity takeover from either of two leading suitors which could “materially weaken” their financial position. The Morrisons board agreed last week to a debt-fuelled takeover …

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Australian Sports Retailer Decathlon Fined $1.5 Million Over Incorrect Warning Labels on Basketball Hoops, Pools

The Federal Court of Australia has ordered sporting goods retailer Decathlon to pay $1.5 million for selling basketball hoops and inflatable pools with incorrect warning labels, breaching consumer law. On Aug. 17, Justice John Nicholas ruled that Decathlon was “careless” …

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Retail Company Target to Offer Debt-Free Education to Over 340,000 Employees

Retail company Target is launching a new debt-free education assistance program for over 340,000 of its full-time and part-time employees in the United States. Target announced on Aug. 4 that it will pay the cost of tuition fees and textbooks …

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