True Religion, once synonymous with high-priced denim and celebrity endorsements, has embarked on a transformative journey after its acquisition by private equity firm Acon Investments and SB360 Capital Partners, a company linked to American Eagle’s CEO, Jay Schottenstein. This acquisition signifies a reinvigoration for the brand, which had been struggling to redefine itself after two
Business
Stellantis is making a bold move with its redesigned Ram heavy-duty trucks, the 2500 and 3500 models. These latest iterations are not just a facelift; they represent a comprehensive effort to revive the brand amidst a notable decline in sales over the past three years. With the introduction of innovative features and enhancements, Stellantis hopes
In a move that signifies the evolving nature of streaming services, Disney has officially announced its intention to merge its Hulu+ Live TV service with Fubo. The news, unveiled on a Monday, marks a significant strategic pivot for both companies as they attempt to capitalize on the growing demand for internet-based television offerings. With this
The advertising landscape has always been dynamic, but recent shifts indicate a transformative moment for traditional media companies. Comcast’s newly announced Universal Ads platform aims to streamline the advertising process for small to medium-sized businesses (SMBs) and entice them back from the increasingly dominant realm of social media. The impending launch, positioned against the backdrop
In an unprecedented move, the Department of Transportation (DOT) has levied a $2 million fine against JetBlue Airways, spotlighting the airline’s chronic flight delays. This penalty, which marks the first of its kind, is a significant indicator of how seriously the government is taking issues of flight reliability and consumer protection. The fine stems from
The United States auto industry has shown promising signs of recovery as major automakers, including General Motors (GM) and Ford, reported their highest annual sales since the pre-pandemic era in 2019. With the automotive landscape having faced numerous challenges including the COVID-19 pandemic and persistent supply chain disruptions, the recent figures reflect not only resilience
In a bold move to enhance consumer engagement, DraftKings has unveiled its latest innovation: a subscription service named DraftKings Sportsbook+. Launched quietly on December 28, 2023, and currently accessible to select customers in New York, this subscription model aims to transform how sports betting is experienced by providing subscribers with significant profit boosts on winning
In an era where health awareness is continuously evolving, a significant advisory has emerged from the U.S. Surgeon General, Dr. Vivek Murthy, concerning the perilous relationship between alcohol consumption and cancer. This recent guidance underscores a well-documented connection between drinking alcohol and an elevated risk of developing at least seven distinct types of cancer, including
Carvana, the online platform that revolutionized how consumers purchase used vehicles, recently found itself at the center of scrutiny following a critical report from Hindenburg Research. This report raised alarms about the sustainability of Carvana’s supposed financial recovery, suggesting that the company’s current success may largely be a façade, propped up by questionable financial practices
The air travel industry is experiencing a remarkable resurgence in 2024, with international trips leading the way in this revival. As global travel restrictions have eased, airlines have reported a significant increase in demand. The International Air Transport Association (IATA) reports an impressive rise in revenue-passenger miles, which soared almost 11% from January to October