Kanye West's Yeezy got millions in federal small business loans - CBS News

Kanye West’s clothing and sneaker brand Yeezy received a loan from the federal government’s pandemic rescue fund worth between $2 million and $5 million, helping it save 106 jobs, according to data released by the U.S. Treasury Department on Monday.

Yeezy, best known for its $250 sneakers, just announced a major deal with Gap that will have the rap superstar designing hoodies and T-shirts that will be sold in the chain’s 1,100 stores around the world. A representative for Yeezy did not immediately respond to request for comment.

This weekend, West announced on Twitter that he was running for president.

Get Breaking News Delivered to Your Inbox

Some other well-known fashion and retail names whose business was pummeled by store closings across the country also received the 1% loans that can be forgiven if worker-employment goals are met.

The list included high-end designers Oscar de la Renta and Vera Wang and suit maker Hickey Freeman, all of which got loans in the $2 million to $5 million range.

Untuckit, a shirt retailer with 85 locations, had two loans between $5 million and $10 million.

Retailers and manufacturers saw their revenue fall precipitously because of the shutdowns, and they were also left with a season’s worth of clothes they couldn’t sell.

This content was originally published here.


from Tumblr https://ift.tt/3hMeL8K
via IFTTT

Mga Komento

Mag-post ng isang Komento

Mga sikat na post sa blog na ito

2022-07-22 Open Source in Finance Forum - London

Imahe
Open Source in Finance Forum is the only conference dedicated to driving collaboration and innovation in financial services through open source software and standards. We bring together experts across financial services, technology, and open source to engage our community in stimulating and thought-provoking conversations about how to best (and safely) leverage open source software to solve industry challenges. This content was originally published here . from Tumblr https://ift.tt/xXhI2Ya via IFTTT
Magbasa nang higit pa

Teen Who Died of Covid-19 Was Denied Treatment Because He Didn't Have Health Insurance

Imahe
A 17-year-old boy in Los Angeles County who became the first teen believed to have died from complications with covid-19 in the U.S. was denied treatment at an urgent care clinic because he didn’t have health insurance, according to R. Rex Parris, the mayor of Lancaster, California. Roughly 27.5 million Americans—8.5 percent of the population—don’t have health insurance based on the latest government figures . “He didn’t have insurance, so they did not treat him,” Parris said in a video posted to YouTube . The staff at the urgent care facility told the teen to try the emergency room at Antelope Valley (AV) Hospital, a public hospital in the area, according to the mayor. On Thursday, Donald Trump previewed his nightmare plan to encourage state governors and local… Friday’s Best… The name of the urgent care clinic that refused to treat the teen has not been released. Mayor Parris explained in his YouTube video that the 17-year-old is believed to have had no underlying conditions...
Magbasa nang higit pa

Avail #1 Business Management Assignment Help Online Services

Business Management Assignment Help If you look around, you will find that many students look for  business management assignment help. This is because they do not have insight into the topics, and they fail to answer the questions. If you hire our  business management assignment help experts, they will help you comprehend the concepts and help you earn exemplary grades. Why Business Management Assignment Help is Important for Students? Business Management assignments are crucial for students as it helps them improve their: Only through solving assignments, students will be able to test their knowledge. They can check whether they have a thorough insight into business structures, tactics, social media, etc. So, you must treat the assignments like mock tests and take them seriously. Problem-Solving Skills Most of the time, students have to provide solutions for issues in a case study or questions. Thus, through repeated practice, students will get better at providing be...
Magbasa nang higit pa