LONDON — They make for an unusual pair, but the Dr. Martens boot and the Valentino Rockstud heel are similar in many ways, at least from the perspective of Permira, the private equity house that extracted potential — and profits — from both heritage brands, recasting them for a new generation. Late last month Permira took Dr. Martens public on […]

Century 21 is coming back and the rebirth will begin in Busan, South Korea, WWD has learned. Century 21 Department Stores went bankrupt last year and liquidated all of its stores. During the bankruptcy process, the Gindi family, which owned, operated and founded the famous off-price chain, bought back the intellectual property in November for $9 million, together with a […]

Late Monday evening Los Angeles County health officials announced some long-awaited good news. In a statement, they said the region had reached the required threshold of Covid-19 cases per 100,000 to allow students back into classrooms. The issue has been a contentious one throughout the pandemic with many parents wondering why private schools were allowed to reopen and, if there […]

Nancy Pelosi announced plans to establish a “9/11-type Commission” to investigate the Capitol riot. She said she wanted the panel to look into the “preparedness and response” of Capitol police.  More than 250 people have been charged in connection to the Capitol riot. Visit the Business section of Insider for more stories. House Speaker Nancy Pelosi announced plans on Monday […]

UBS’ co-president of investment banking, Robert Karofsky, will become its sole head, the bank announced Monday. Current investment banking co-president Piero Novelli will step down at the end of March. Under Karofsky, UBS has pushed to bring together its investment banking services with other units, like wealth management. Visit the Business section of Insider for more stories. UBS named Robert […]

WASHINGTON — The World Trade Organization on Monday officially selected Ngozi Okonjo-Iweala, a Nigerian economist and former finance minister, to be its next leader. The first woman and first African to serve as director-general, Dr. Okonjo-Iweala will assume the post on March 1 for a renewable term expiring on Aug. 31, 2025. Dr. Okonjo-Iweala said in a statement that she […]

Nearly a year after the coronavirus pandemic caused offices to shut down and employees to work remotely, many have come to enjoy the arrangement that was once considered an exclusive perk. If you're looking for a new office job now, it's likely the position may allow you to work remotely for the duration of the pandemic, and potentially as a […]

Millions of people received unemployment benefits in 2020 amid the economic fallout from the pandemic. Families also received an additional $600 in weekly benefits up to the end of July 2020, thanks to the CARES Act. Many will owe taxes to the federal government and their state this spring. Generally, unemployment can reduce the value of certain tax credits. Congress […]