1700 jobs at risk at sports retailer | Metro Bank agrees to buy rival lender | Insurance giant Hiscox swings to loss

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Sports retailer and gym group DW Sports has said it is to tumble into administration, with 1,700 employees at risk.

The company was expected to appoint insolvency specialists after its income was wiped out by the protracted closure of stores and gyms during lockdown.

DW Sports, which was founded by former Wigan Athletic owner Dave Whelan, operated 73 gyms and 75 retail sites across the UK but announced plans to shut 25 of its stores last month.

The company said it will now wind down its retail business for good, with its website ceasing trading with immediate effect and closing-down sales starting at its 50 remaining stores.

READ MORE: Glasgow firm has helped keep lights on amid coronavirus lockdown

It plans to protect as many jobs and gyms as possible through the restructuring process.

DW Sports stressed that Fitness First, which is a sister company of DW, will continue to

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Empower Retirement to Buy Personal Capital

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Empower Retirement, the nation’s second-biggest retirement plan record keeper (Fidelity is No. 1), is buying Personal Capital, a digital RIA that offers varying levels of access to human financial advisors.

Empower said it would acquire Personal Capital for “up to $1 billion in enterprise value, composed of $825 million on closing and up to $175 million for planned growth.” The companies said they expect the deal to close in the second half of this year.

“Empower and Personal Capital are joining forces to take the next step forward in the evolution of an integrated platform to deliver personalized advice, financial wellness and comprehensive financial planning to millions of individual investors and retirement plan participants,” said Edmund F. Murphy III, president and CEO of Empower.

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Shopify Signs Onto Affirm’s ‘Buy Now, Pay Later’ Tech

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E-commerce platform Shopify and alternative finance provider Affirm have signed an exclusive deal to bring the latter’s buy-now-pay-later proposition to Shopify merchants, the companies said Wednesday.

Affirm will power the upcoming Shop Pay Installments feature — which, as the name suggests, will allow shoppers of eligible Shopify stores to pay for purchases over time, instead of all at once. The move represents a shift in technology, as Shop Pay currently uses buy-now-pay-later plug-ins, which require some coding to integrate.

“With the acceleration of online spending, many small businesses must reinvent themselves. This includes embracing the rising importance of e-commerce strategies and meeting consumers, particularly young shoppers, where they are,” said Max Levchin, founder and chief executive officer of Affirm.

“By partnering with Shopify, the gold standard of commerce platforms for businesses that want to sell direct to consumers, we can help merchants seamlessly

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Where To Buy The Best Kids Face Masks

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Reusable face masks are one practical way to help slow the spread of the coronavirus (COVID-19). Over the past few months, companies across all kinds of industries have started to sell cloth face masks for adults — and some are making face masks for kids with fun prints. ET Style has the low down on where to buy the best kids face masks.

If you’re a parent looking for personal protective equipment (PPE) guidelines for your children, the Centers for Disease Control and Prevention recommends that anyone over the age of two wear a face mask while outside of their home. Whether you’re dealing with an adult mask or a kids’ mask, make sure it fits snugly but comfortably against both sides of the face, can be secured with ties or ear loops, includes multiple layers of fabric (most have two or three), allows for unrestricted breathing and is washed

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Norway’s Adevinta to buy eBay’s classified ads business in $9.2bn deal

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The deal will see Britain's Gumtree change hands - Beck Diefenbach/Reuters
The deal will see Britain’s Gumtree change hands – Beck Diefenbach/Reuters

Norway’s Adevinta has agreed a $9.2bn (£7.1bn) deal to acquire eBay’s classified ads group in a move that will create the world’s largest online classifieds business.

The cash plus stock deal, which will see Britain’s Gumtree change hands, will make eBay the largest shareholder in the Norwegian giant.

eBay will receive $2.5bn in cash for its ads group as well as a further 540 million shares, bringing its ownership of Adevinta up to 44pc.

Both companies expect between $150m and $185m of “annual synergies” within the next three years. The blockbuster deal is expected to close by the end of the March.

Adevinta currently operates in 15 countries with 35 different products and websites while eBay’s classifieds covers 12 brands in 13 countries. Among Adevinta’s brands is shopping app Shpock, which operates in the UK. Leboncoin, Olx, and Paycar

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Where to Buy Face Masks Online That Are Fashionable

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The fashion world is stepping up in a time of need: Countless companies are now making, selling and donating non-medical grade face masks for daily protection from COVID-19.

Demand for cloth face mask options has soared in recent months, in part because the Centers for Disease Control and Prevention now recommends wearing personal protective equipment (PPE) masks in public settings to help slow the spread of COVID-19. PPE masks are usually made from breathable a fabric like cotton and differ from a surgical mask and N95 respirators that experts say should be reserved for health care workers who are caring for the sick.

In times of crisis, it’s heartwarming to see companies we love giving back using the tools and skills they know best. Nordstrom, the largest employer of tailors in the country, has trained its alterations teams to make face masks to distribute to health care workers, while designer

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Where to Buy Face Masks for Kids Online

dhita yudha

Reusable face masks are one practical way to help slow the spread of the coronavirus (COVID-19). Over the past few months, companies across all kinds of industries have started to sell cloth face masks for adults — and some are making face masks for kids with fun prints.

If you’re a parent looking for personal protective equipment (PPE) guidelines for your children, the Centers for Disease Control and Prevention recommends that anyone over the age of two wear a face mask while outside of their home. Whether you’re dealing with an adult mask or a kids’ mask, make sure it fits snugly but comfortably against both sides of the face, can be secured with ties or ear loops, includes multiple layers of fabric (most have two or three), allows for unrestricted breathing and is washed regularly.

Getting your kid comfortable with wearing a face mask — and then actually keeping

Read More

Where to Buy Face Masks Online That Are Stylish

dhita yudha

The fashion world is stepping up in a time of need: Countless companies are now making, selling and donating non-medical grade face masks for daily protection from COVID-19.

Demand for cloth face mask options has soared in recent months, in part because the Centers for Disease Control and Prevention now recommends wearing personal protective equipment (PPE) masks in public settings to help slow the spread of COVID-19. PPE masks are usually made from breathable a fabric like cotton and differ from a surgical mask and N95 respirators that experts say should be reserved for health care workers who are caring for the sick.

In times of crisis, it’s heartwarming to see companies we love giving back using the tools and skills they know best. Nordstrom, the largest employer of tailors in the country, has trained its alterations teams to make face masks to distribute to health care workers, while designer

Read More

Is It Smart To Buy a Used Car During the Pandemic? Here’s What Experts Say

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In April, Bloomberg reported that a used car price collapse was imminent as a result of factory shutdowns and decreased new-vehicle demand. Additionally, as rental car companies like Hertz, Avis and Enterprise were looking to sell-off their fleets after being hit by hard financial times, an influx of used cars on the market could drive prices down even further.

Did Bloomberg’s predictions come to fruition? And even if prices are low, is it safe to buy a used car in the middle of the pandemic? GOBankingRates spoke to car experts to find out.

Since May, Used Car Prices Have Been on the Rise

Bloomberg’s predictions did prove to be right — but you likely missed the boat on the best used car prices. If you snagged a used car back in April or May, you could have gotten a good deal. But prices have gone up since then, said Joe

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Here’s Where You Can Buy Non-Medical Face Masks Online Right Now

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Update, June 24, 2020: Since communities in the United States resume holding public events such as protests and political rallies, the Centers for Disease Control and Prevention has released new guidelines defining these sorts of gatherings as high risk. In situations where maintaining physical distance is difficult, the CDC says cloth face coverings are “most essential” and should be worn by both event staff and attendees.

Update, May 6, 2020: As stay-at-home orders come to an end and businesses across the U.S. begin to re-open, a number of states are taking the CDC’s recommendation to wear a cloth face-covering in public to the next level by making it a requirement. This is in effect in the following seven states so far: New York, New Jersey, Connecticut, Pennsylvania, Maryland, Rhode Island, and Hawaii.

Update, April 4, 2020: The CDC issued a recommendation that President Donald Trump shared on Friday:

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