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Tag: loses

Primark loses £800m in Covid-19 lockdowns | Business

Coronavirus lockdowns have cost Primark £800m, with the clothing retailer expecting profits to tumble by two-thirds this financial year. Revenues fell by 75% between 1 March to 20 June, to £582m, Primark’s owner, the FTSE 100 conglomerate Associated British Foods (ABF), reported on Thursday. The figures underline the difficulties faced by the retail sector, with …

Primark loses £800m in Covid-19 lockdowns | BusinessRead More

Bentley Motors loses trademark battle over branded clothing | Business

Bentley Motors has lost a long-running high court trademark battle with a small, family-owned business, which could mean the luxury carmaker has to destroy all of its branded clothing. The high court in London on Friday ruled that Bentley Motors had infringed trademarks owned by Manchester-based Brandlogic, which owns the Bentley Clothing brand. Bentley Motors …

Bentley Motors loses trademark battle over branded clothing | BusinessRead More

Report: Facebook Libra loses key backers

Get great content like this right in your inbox. Subscribe Facebook’s troubled efforts to create its own cryptocurrency have reportedly hit more snags. According to CNBC, major companies that operate in the digital payment space, including Visa, Mastercard, Stripe, and eBay, have all withdrawn their support from Libra, a bitcoin-based Libra cryptocurrency network Facebook has …

Report: Facebook Libra loses key backersRead More