• T-Mobile Resolves Outage Problems
    T-Mobile users experienced widespread network outages on Monday due to IP traffic related issue. “Users across the country took to Twitter to note the outage, with T-Mobile and #TMobiledown rising to the top spot on the site's U.S. Trending Topics for several hours Monday,” according to CNET. Service was restored about 1 a.m., according to a tweet from Neville Ray, T-Mobile's president of technology.
  • Unilever Consolidates Headquarters To London
    For 90 years, Unilever has operated two headquarters in both Great Britain and Netherlands. Now, the consumer goods giant will simplify its structure and operate solely out of London. No jobs would be lost because of the move, according to the company.  The decision “concluded 18 months of deliberations over what to do — and was a reversal of Unilever’s last decision to simplify its structure,” per The New York Times.
  • J.C. Penney Begins Store Closing Sales
    J.C. Penney has received bankruptcy court approval to begin liquidation sales at the stores that are closing permanently. Sales are beginning at the initial 154 stores that will close. The department store chain is expected to eventually close 242 stores for good. About 600 stores are not closing, and the retailer has won rent relief until July 13 for those locations.
  • Yum Brands Sues Grubhub
    Yum Brands is suing Grubhub for breaching the parties’ five-year food delivery contract for imposing a new pricing structure to the company’s franchisees without warning. Yum invested $200 million in Grubhub in 2018 to help expand its U.S. delivery network. Grubhub was recently purchased by Just Eat Takeaway. According to the lawsuit, Grubhub told Yum in a letter that the company was violating an exclusivity agreement by working with other third-party delivery operators, including Uber Eats and Postmates.
  • Volkswagen Faces Scrutiny After Racist Ad
    Editor's Note: This post has been corrected. Voltage remains Volkswagen AG's agency in Germany.Volkswagen Group is facing a backlash from a racist ad for its new Golf model. The ad, produced by Omnicom Group Inc.'s subsidiary Voltage, aired on Instagram last month and showed a black man being controlled by a giant white hand through marionette strings before displaying a pejorative German word for people of color. The automotive company said it will tighten controls around its creative and update employee training protocols.
  • Patagonia CEO Stepping Down
    Patagonia CEO Rose Marcario is stepping down, according to an exclusive story by Fast Company. “The outdoor retail brand announced the move internally on Wednesday afternoon. There is no immediate replacement, but chief operating officer Doug Freeman will be leading the transition until the privately held company’s board and founder Yvon Chouinard find a suitable successor,” Fast Company reports.
  • Twitter, Square to Make Juneteenth A Company Holiday
    Juneteenth, celebrated each year on June 19, is a day commemorating the end of slavery in the United States. “Twitter and Square Inc. Chief Executive Jack Dorsey said the companies will honor Juneteenth as a holiday in the U.S., as American corporations grapple with ways to show support for black employees and celebrate racial diversity,” according to The Wall Street Journal. “Vox Media Inc. also said in a company memo Tuesday that it will observe Juneteenth as a company holiday.”
  • Starbucks Braces For Revenue Decline, Closures Planned
    Starbucks is bracing for a revenue drop of $3.2 billion in its fiscal third quarter. The company plans to close more than 400 North American locations over the next 18 months, but expand its Starbucks Pickup locations. “The company had already planned to increase convenience-led formats in many of its stores, but is now accelerating that timeline due to the shifting retail landscape caused by coronavirus,” according to Forbes.
  • CrossFit Founder Quits After Tweet That Prompted Reebok To End Partnership
    CrossFit founder Greg Glassman stepped down from his role as CEO after telling gym owners on a private Zoom call that, "We're not mourning for George Floyd — I don't think me or any of my staff are," according to a  recording of the meeting obtained by BuzzFeed. “The call was held hours before Glassman responded to a tweet on Saturday night that called racism a public health issue, writing, ‘It’s FLOYD-19,’” according to Buzzfeed. “His tweet drew immediate backlash from gym owners and caused Reebok to end a partnership deal with the company.”
  • 3M Sues Amazon Seller For Allegedly Fake N95 Masks
     3M has filed a lawsuit "alleging that an Amazon seller sold fake, damaged and defective versions of its prominent N95 masks." according to The Street. The suit alleges that "Mao Yu and affiliated companies falsely advertised as third-party sellers on Amazon under the 3M brand." The defendants allegedly charged customers as much as 20 times 3M’s list prices for N95 masks. The complaint demands money damages and an order requiring the defendants to stop selling the products. 3M said it would donate any damages it receives from the suit to nonprofits.
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