The ‘golden age of travel’ is coming, and the future of related industries is looking bright. At least, this was the claim of Airbnb Inc (ABNB) co-founder and CEO, Brian Chesky, as he spoke to CNBC earlier this week. Admittedly, the San Francisco-based company’s third-quarter earnings report, released Thursday 4th November, boasted of impressive revenues…

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With the unexpected turn of events of the COVID-19 pandemic, many individuals and families were forced to adapt to the new normal, which included working from home and utilising online platforms to get their day-to-day requirements. While the pandemic has seen the closures of numerous companies in various sectors across the globe, Amazon, among other…

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Since it went public in 2010, Tesla Motors Inc.’s (TSLA’s) stock price has always been controversial, but over the past fortnight, the issue has been debated with increasing intensity. After trading hours closed on October 20th, the company released its much-anticipated third-quarter earnings report. With earnings of 1.86 USD per share, up an impressive 146%…

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The Super Bowl is the biggest advertising event of the year, with companies paying as much as 5.5 million USD for just 30 seconds of airtime during the game to showcase the very best creativity that their marketing team has to offer. However, mentions of the Super Bowl have been down 78% this year on…

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The private equity firm L Catterton, backed by Bernard Arnaud’s LVMH (Louis Vuitton Moet Hennessy), agreed to buy a majority stake of Birkenstock, a German-based shoe-making company best known for its quirky sandals. According to Kaye Wiggins, from The Financial Times, the deal values Birkenstock at 4 billion USD. Due to confidentiality agreements, the details…

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On February 12th, South Korea’s largest e-commerce company, Coupang, filed for an Initial Public Offering (IPO) on the New York Stock Exchange (NYSE). The Wall Street Journal has said that this could occur as early as March this year. Coupang’s IPO is likely to be the largest one by a foreign company in the United…

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New York-based Peloton saw its member base, which includes exercise bike and treadmill owners as well as mobile app users, grow from 1.4 million at the time of its September 2019 IPO to 3.1 million by July 2020. The company benefited from the home fitness surge spurred by COVID-19, which meant Peloton’s membership tripled in…

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Social distancing measures and economic shutdowns have created new habits and attitudes, amending and accelerating global food and drink trends. The number of infections, deaths and job losses have heightened concerns for human welfare, which will make ethical human claims a focus. Interest in buying local and sustainable food will likely hasten the acceptance of…

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Asos started February by purchasing Philip Green’s Arcadia empire in a deal worth over 300 million GBP. The deal included the brands Topshop, Topman, Miss Selfridge and HIIT which were bought for 265 million GBP, whilst a further 65 million GBP was included in the transaction to cover existing inventory and forward purchase orders. The…

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In April 2020, GameStop was a video game and consumer electronics retailer fighting for its future in the face of COVID-19. Already struggling pre-pandemic, posting losses of 470 million USD, GameStop announced the permanent closure of 300 locations as COVID-19 began to damage the company. However, despite no sign of improvement, the struggling retailer reached…

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