Russian oligarchs, who are collectively estimated to control as much as one third of Russia’s wealth, most of which is held outside of Russia in various ways such as shadowy bank accounts and real estate, are feeling the wrath of sanctions by the European Union (EU) and the U.S. Following Russia’s invasion of Ukraine in late February, the West swiftly moved to punish the regime of Russian President Vladimir Putin by freezing Russian assets, cutting off some of the country’s banks from… Source link
Read More »McDonald’s gives Happy Meal toys a sustainable makeover in climate push
McDonald’s (MCD) is planning to give its iconic Happy Meal toys a major makeover, as big companies push to make their operations more environmentally friendly in the face of climate change. On Tuesday, the Golden Arches announced its plans to make every toy around the world more sustainable by 2025. In order to do so, McDonald’s is working closely with its supply chain to use renewable, recycled or certified materials. If realized, the fast-food giant estimates it will result in a 90%… Source link
Read More »Why Toys R Us is rising from the ashes
Toys R Us has some new owners that may not be so crazy to ponder opening up physical toy stores once again. Brand management company WHP Global said Monday it has acquired a controlling interest in Tru Kids, the parent company of the Toys R Us, Babies R Us and Geoffrey the Giraffe brands. WHP Global reportedly plans to open Toys R Us stores ahead of this holiday shopping season. “Our investment in Toys”R”Us reflects our belief and passion for the brand. We are thrilled to be taking the reins… Source link
Read More »