Cristiano Ronaldo snub sees Coca-Cola market value fall by $4bn
Adriana Garcia, ESPN
Cristiano Ronaldo’s removal of two Coca-Cola bottles at a Euro 2020 news conference coincided with a $4 billion drop in the market value of the American drink giant.
The Shake Shack Manager Falsely Accused Of Poisoning Cops’ Milkshakes Is Suing The Police Union
Julia Reinstein, BuzzFeed News
The manager has filed a federal defamation suit over the incident, during which he says he was arrested, interrogated, and “taunted” by police for hours.
Best Buy will sell luggage, grills as it seeks to capitalize on reopening economy, housing market
Melissa Repko, CNBC
Best Buy is starting to sell luggage and outdoor grills, as it tries to take advantage of the rebounding travel industry and the popularity of investing in the home.
In a year of lows for luxury, Chanel’s spending on itself reached new highs.
Elizabeth Paton, The New York Times
Chanel, the French fashion house known for its No. 5 perfumes and quilted leather handbags, spent record amounts maintaining its stores, supply chain, advertising and fashion shows in 2020, despite the strain of pandemic lockdowns and sales volatility.
Welcome to the Age of the Power Collab
Rachel Tashjian, GQ
Dior and Sacai, Balenciaga and Gucci: the new age of collabs ditches the high-low mix for the Bennifer-grade linkup.
Not Being Amazon Is a Selling Point for These Companies
Dana Mattioli, The Wall Street Journal
Retail upstarts tap into wariness of e-commerce giant’s dominance; “Shop Boroughs, Not Bezo$.”
Investors are spending big to buy China’s hottest Amazon sellers
Zeyi Yang, Protocol
Well-funded aggregators are giving the creators of Amazon-optimized brands a lucrative way out of the business.
Amazon’s Airplanes Move Cargo for U.S. Postal Service
Paris Martineau, The Information
The arrangement could portend bigger ambitions on Amazon’s part to compete with the likes of UPS and FedEx in the shipping of goods by air.
Price outweighs pandemic fears as Americans look to book travel again
Kenneth Kiesnoski, CNBC
Most news about travel may have focused on health and safety since the pandemic hit over a year ago. However, cost and booking flexibility are now even more top of mind for Americans looking to finally get away again, according to Discover Financial Services.
Southwest Says Systems Restored After 1,400 Flights Disrupted
Mary Schlangenstein, Bloomberg
The airline scrubbed about 14% of its scheduled flights and delayed another 28%, according to flight tracker FlightAware as of mid-afternoon Tuesday. Travelers took to Twitter to complain about long lines at airports and jetliners sitting on the tarmac.
EU and US end Airbus-Boeing trade dispute after 17 years
Jim Brunsden et al., Financial Times
The EU and US agreed to end a 17-year dispute over aircraft subsidies, lifting the threat of billions of dollars in punitive tariffs on their economies in a boost to transatlantic relations.
Airbnb Is Spending Millions of Dollars to Make Nightmares Go Away
Olivia Carville, Bloomberg
When things go horribly wrong during a stay, the company’s secretive safety team jumps in to soothe guests and hosts, help families—and prevent PR disasters.
Airbnb says it plans to prevent landlords from profiting off pandemic evictions
Cat Zakrzewski, The Washington Post
The short-term-rental company says landlords will be barred from listing any property where a tenant has been evicted for failure to pay rent.
How the Rolls-Royce Cullinan Took Over Hip-Hop
Damien Scott, GQ
The luxury SUV is one of the most referenced cars in rap right now. Here’s why.
Starbucks Names COO, Reversing Earlier Plan to Leave Role Vacant
Anne Riley Moffat, Bloomberg
Starbucks Corp. has named a new chief operating officer from within its executive ranks, backtracking on earlier plans to eliminate the role to promote a flatter management structure.
