Source: Sharecast
Corporate employees of Amazon were asked on Monday to volunteer their time to the company’s warehouses to assist with grocery delivery as it heads into its annual discount spree known as Prime Day. In a Slack message reviewed by the Guardian that went to thousands of white-collar workers in the New York City area from engineers to marketers, an Amazon area manager called for corporate “volunteers to help us out with Prime Day to deliver to customers on our biggest days yet”. It is not clear how many took up the offer. – Guardian
A new wealth tax under Labour risks sparking an exodus of entrepreneurs from Britain, business chiefs have warned. Sir Rocco Forte, Sir Martin Sorrell and Sir Philip Hampton are urging Downing Street to ignore calls for a new levy, which they said would scare off the rich and damage growth. – Telegraph
A maternity-wear chain that joined the London stock market listing boom in 2021 is on the brink of collapse, putting about 100 jobs at risk. Seraphine, worn by the Princess of Wales during all her three pregnancies, has filed a notice of intent to appoint administrators from Interpath Advisory. – The Times
Investors back private equity firms because they buy a business, make it plumper and sell it on for a profit. Blackstone, KKR, CVC Capital Partners and others are collectively sitting on unsold companies worth about $3.6 trillion, according to a recent report by Bain & Company, a consultancy firm. – The Times