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Amazon invests over $1 billion to raise employee pay

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Reuters

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September 17, 2025

Amazon.com said on Wednesday it is investing more than $1 billion to raise pay and lower healthcare costs for U.S. fulfillment and transportation employees, pushing up the average total compensation to over $30 an hour including benefits.

Reuters

The technology giant said the average pay would increase to more than $23 per hour, adding that full-time employees will see their pay increase by $1,600 per year, on average.

The company is lowering the cost of its entry-level health care plan to $5 per week and $5 for co-pays, starting in 2026, representing a 34% drop in weekly contributions from employees.

Amazon had more than 1.5 million full-time and part-time employees at the end of last year. The company also hires temporary workers and independent contractors seasonally, particularly around the crucial holiday season.

Last year, Amazon workers at seven U.S. facilities had walked off the job during the holiday shopping rush, after union officials said the retailer had failed to come to the bargaining table to negotiate contracts. Employees were protesting what they said was Amazon’s unfair treatment of its workers.

In December, Amazon also agreed to implement safety measures at all of its U.S. facilities to settle a federal agency’s claims that it failed to prevent workers from developing back problems and other ergonomic injuries.

© Thomson Reuters 2025 All rights reserved.



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Puma secures more than €600 million in additional financing facilities

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DPA

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December 18, 2025

Sportswear business Puma has secured additional financing of more than €600 million. It comprises a €500 million facility and a further €108 million in committed credit lines, according to a statement on Thursday. The aim is to reduce utilisation of the existing €1.2 billion revolving credit facility while increasing the company’s financial flexibility.

Reuters

The new €500 million facility is fully guaranteed by Santander Corporate & Investment Banking (Santander CIB). Both new financing instruments have maturities of up to two years.

Markus Neubrand, CFO of Puma SE, said: “While our existing syndicated credit facility and promissory notes remain available, today’s announcement will enhance our financial flexibility as we work to finalise our long-term financing structure. The fact that our banking partners have further expanded their commitment and business relationship underlines the confidence in our future business model and strategic direction. This will enable us to realise our strategic priorities and our goal of establishing Puma as a top-three sports brand worldwide.”

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Levi Strauss & Co. names ex Target, Uber executive as board member

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Nicola Mira

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December 18, 2025

Levi Strauss & Co. has strengthened its board of directors by adding a marketing specialist. On December 16, The US group, owner among others of Levi’s jeans, announced that Jeffrey J. Jones II will become a member of its board on January 21, 2026.

Jeffrey J. Jones II – DR

Jones, currently president and CEO of US financial services company H&R Block, will serve as a member of the Levi Strauss board’s nominating, governance and corporate citizenship committee, as well as the compensation and human capital committee.

Jones will retire from his post at H&R Block, which he joined in 2017, on December 31, 2025. He is an experienced executive with a 30-year-plus career, notably as a marketing strategy specialist. In 2016, he joined Uber Technologies Inc., where he was president of the Ride Sharing division, in charge of operations, customer support, strategy and planning, product operations and marketing.  He was previously executive vice-president and CMO at Target Corporation, overseeing brand, digital and customer experience strategy, corporate communications, investor relations, and brand management for all of Target’s owned brands and limited-time offering collaborations. Jones’s diverse corporate experience, and his expertise in businesses specialising in direct-to-consumer relations are of special interest to the Levi Strauss board.

“Mr Jones brings extensive experience in consumer insights, brand building and organisational transformation, and has a proven record of creating significant stakeholder value,” said Bob Eckert, chairman of the board at Levi Strauss & Co. “He has repeatedly strengthened brands and organisations across industries, and his leadership will play a critical role as we evolve LS&Co. into a best-in-class, DTC-first retailer,” Eckert added.
 
Earlier in his career, Jones worked at Gap, and was a partner and president at advertising agency McKinney, where he led major client projects and fostered organisational growth.

“Levi Strauss & Co. is an iconic company with a bold vision for the future, and I’m honoured to join the board at such a pivotal moment,” said Jones in a press release. “The company has been on a strong trajectory, deepening its connection with consumers and driving long-term, sustainable growth. I look forward to supporting the entire leadership team as they write the next chapter for this nearly 175-year-old company,” he added.

The Levi Strauss board of directors currently consists of 12 members, including CEO Michelle Gass.

 

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Burberry renews eyewear licence deal with EssilorLuxottica

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Adnkronos

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Nicola Mira

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December 18, 2025

EssilorLuxottica and Burberry have renewed for another 10 years their licence agreement for the development, production and worldwide distribution of Burberry eyewear.

Burberry – Spring/Summer 2026 – Womenswear – UK – London – ©Launchmetrics/spotlight

The agreement was set to expire on December 31, and its term has been extended to December 31, 2035. The renewal strengthens the collaboration the two companies embarked on in 2006, based on a shared tradition of creativity, craftsmanship and innovation. 

“We are delighted to extend our two-decade partnership with Burberry, a creative journey that has brought to life collections infused with Burberry’s timeless sophistication and uniquely British allure. As we look ahead to the next chapter of crafting Burberry-branded eyewear, EssilorLuxottica is thrilled to intensify its collaboration with one of the world’s most admired luxury houses,” said Francesco Milleri, president and CEO of EssilorLuxottica.

Joshua Schulman, CEO of Burberry, said: “We are thrilled to continue our longstanding partnership with EssilorLuxottica, building on a relationship grounded in craftsmanship, design and innovation. Together, we will capture the spirit of our timeless British luxury brand expression, as we bring more iconic Burberry eyewear collections to customers around the world.”



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