How Ryan Reynolds became Canada’s unlikeliest business mogul
UPDATE: After this story was originally published, Wrexham Football Club — which Ryan Reynolds and actor Rob McElhenney bought in 2021 — qualified for the fourth tier of the English football league system.
The business of Ryan Reynolds is booming. He bought into Montreal payment technology company Nuvei this week. He recently sold Mint Mobile for $1.7 billion. He offloaded his gin company for another $825 million.
But the jewel in Reynolds’ business crown may be a floundering Welsh soccer club he bought with fellow actor Rob McElhenney in 2021 for $3 million.
For years, Wrexham Football Club has been…
Important team and business changes
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We are changing the shape of Shopify significantly today to pay unshared attention to our mission. There are a number of consequences to this, and I don’t want to bury the lede: after today Shopify will be smaller by about 20% and Flexport will buy Shopify Logistics; this means some of you will leave Shopify today. I recognized the crushing impact this decision had on some of you, and did not make this decision lightly.
In the next 5 minutes you’ll get a follow up that tells you if you are affected. There’s no way to make this…
US probes complaint that woman was trapped in flaming SUV – Business News
Photo: The Canadian Press
US safety regulators are investigating possible electrical problems in older Dodge Journeys after a woman was trapped and died when her SUV caught fire in December.
The National Highway Traffic Safety Administration says it’s investigating whether inoperative door locks and windows can prevent people from getting out of the SUVs during an emergency.
Documents posted Friday on the agency’s website say the probe covers more than 82,000 Journeys from the 2009 model year. The investigation was opened after the woman’s death on Dec. 9.
A complaint filed with the agency says the woman pulled to the…
Elizabeth Holmes went to Burning Man, torched an effigy for Theranos, then spent 6 months living in an RV while prosecutors built a case against her for fraudulent business practices
Former Theranos CEO Elizabeth Holmes on November 18, 2022 in San Jose, California.Justin Sullivan/Getty Images
In her first interview since 2016, Elizabeth Holmes told NYT her perspective on her fraudulent business.
Once the company dissolved, she burned an effort for Theranos, then lived in an RV for six months.
The former CEO said she experienced “an incredible sense of grief” over her business failings.
You became the world’s youngest self-made female billionaire based on your fraudulent blood-testing business venture, only to have your house of cards collapse. You are facing prison. What do you do?
You go to Burning Man.…
Saskatchewan among the world’s top 3 regions for mining investment
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Three provinces make the top 10, according to Fraser Institute
Published May 05, 2023 • Last updated 20 hours ago • 4 minute read
An employee of Sayona Quebec in front of a lithium deposit at the company’s North American Lithium Complex in La Corne, central Quebec. Photo by MATHIEU DUPUIS/SAYONA/AFP via Getty Images files
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Saskatchewan is the world’s third-most attractive region for mining investment, topped only by Nevada and Western Australia, according to the Fraser Institute’s latest Annual Survey of Mining Companies.
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Calgary apartment tower sale bet on tight Canadian housing market
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Hines, a real estate company with nearly US$96 billion in assets under management, is pitching international investors on a Canadian apartment building deal as a way to bet on the country’s tight housing market.
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The US firm is seeking to sell a 462-unit rental building in Calgary after completing construction nearly three years ago, with the expectation it will fetch around $200 million, according to Avi Tesciuba, head of Canadian operations at Hines.
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Rents in Canada climbed last year as a longstanding shortage of housing was met with a record amount of immigration. Meanwhile,…
Tupperware stock plummets after warning it may go out of business
Tupperware says it may go out of business
Tupperware may go out of business, the company warns
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Tupperware is warning it may go out of business, just three years after the retro brand enjoyed a surprise surge from legions of pandemic shut-ins trying their hands at cooking.
The Orlando-based company said it had “substantial doubt about its ability to continue as a going concern” in a press release and filing securities.
Shares of the direct marketing company plunged 50% after the announcement late Friday. Tupperware’s stock was trading at about $1.28 a share Tuesday, down 70% since the start…
Tupperware shares tank as company warns it may go out of business
Shares in Tupperware have tumbled to their lowest level on record as the iconic food storage company warned investors that it is in danger of going out of business.
The company’s stock price fell by 50 per cent on Monday after the company said in a press release over the holiday weekend that it has hired financial advisors to explore options for the company and to “remediate its doubts regarding its ability to continue as a going concern .”
Shares in Tupperware had been on a downslope for years, as the company’s 77-year-old main business model of selling direct-to-consumers via…
