Just on the down-low, Krispy Kreme could be going public
The Krispy Kreme doughnut chain has confidentially filed an IPO with US regulators.
The move would see the chain return to the stock market after it was taken private 5 years ago.
The company had to withdraw from the market in the year 2000 after it filed for Bankruptcy.
Donuts no stranger to the markets
Krispy Kreme went public in 2000. It was one of the hottest stocks on Wall Street for years, before nearly collapsing amid an accounting scandal and money-losing doughnut shops.
However, the company was eventually able to save face, earning a $1.35 billion buyout by JAB.
The company has done well privately-held. Since 2015, according to data from Restaurant Business sister company Technomic, its global system sales have increased 58% to $960 million.
Apple delays return to the office as COVID rates spike
Apple has delayed its staff from returning to HQ on a full-time basis
Apple has delayed its workers from returning to the office full time.
Employees who are in the current working in the office two-day-per-week as part of a trial programme will have the option to once again work fully remote if they feel uncomfortable coming into the office.
According to news outlet The Verge, a memo released by Apple’s COVID-19 response team says that its updates are based on current infection rates and hospitalisations.
Apple is also requesting employees who do decide to return to the office to wear masks when in common areas like meeting rooms, hallways, and elevators.
New findings revealed about shocking China plane crash
New shocking information has been revealed about the China Eastern Airlines plane that crashed in March
The incident that killed 132 people was intentionally flown into the mountainside according to reports.
U.S. officials examined the plane’s black box, uncovering that people within the cockpit deliberately caused the Boeing 737 to veer out of control.
The plane was flying on-route at a normal altitude and speed before it nosedived into a mountain.
Initially experts speculated that the crash was caused by faults in the plane design, which is what caused two other fatal plane crashes in 2018 and 2019, but no officials have indicated any mechanical issues.
The pilot and co-pilot were allegedly in good health with no known motive for crashing the plane.
Chinese authorities say that no emergency code was sent from the plane, meaning it is unlikely that an intruder entered the cockpit.
Snapchat co-creator and supermodel pay student loans for graduating class
Student loans still get the better of most of us, a pesky debt that hurts the hip pocket
But one graduating class got the ultimate graduation gift
Otis College of Art and Design in Downtown LA got their student loans paid by off by Snapchat co-creator Evan Spiegel and his wife and supermodel Miranda Kerr.
The president of the art college announced the gift as the single largest donation in the history of Otis College.
The previous largest gift to the school was for $10 million and the screams from the students show how much it means to them.
The president says student debt weights heavily on talented graduates and the couple’s donation will be life-changing for the Class of 2022.
Spiegel created the popular instant messaging app with two former Stanford University classmates.
The snapchat co-creator took summer classes at Otis during high school and wanted to give back to the arts college.
Spiegel and wife Miranda were given honorary degrees at the college.
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