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In January 2018, Meredith removed signage and references to Time, Inc., and Time, Inc. website was redirected to the Meredith's website. [ 63 ] In March 2018, only six weeks after the closure of the deal, Meredith announced that it would lay off 1,200 employees, and explore the sale of Time , Fortune , Money , and Sports Illustrated .
Roy Larsen was both a Time Inc. director and the chairman of its executive committee, later serving as Time Inc.'s board's vice chairman until the middle of 1979. On September 10, 1979, The New York Times wrote, "Mr. Larsen was the only employee in the company's history given an exemption from its policy of mandatory retirement at age 65."
Family Video announced that it would close its remaining video rental store locations on January 5, 2021. [126] Forever 21 filed for Chapter 11 bankruptcy in late September 2019 due to the company's large amount of debt. It announced that it would close to close up to 178 of its 850 American stores and most of its stores in Europe and Asia.
In cases where a sale is not an exit, cost cuts have been the favorite solution. The restructuring of print has begun in earnest. The news that Time Warner Inc. (NYSE: TWX) will spin out Time Inc ...
By Kim Bhasin The layoffs at Time Inc. have begun. Everyone knew they were coming and employees have been awaiting to learn their fate for months now. About 6 percent of Time's 8,000 person staff ...
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Aaron Rents, Inc. was founded by R. Charles Loudermilk, Sr. in 1955. [5] In September 2008, Aaron's announced the sale of its Corporate Furnishings division to CORT Business Services, part of Berkshire Hathaway. Aaron's Corporate Furnishings division, which operated 47 stores, recorded revenues of approximately $99 million in 2007. [6]