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Dough at Deer launching at The Stanford Arms and The Cap
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What to eat in Norwich s dinosaur themed food trail
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It was reported earlier this week that Istines, 30, was the big winner from the sale because she reportedly owned a larger share of the business than co-founder Pearce, who is also her ex-fiancé.
Itsines was said to have earned US$225million (AU$300million) following the sale of Sweat to an American software giant,
By contrast, it was previously reported that 29-year-old Pearce made US$75million (AU$100million).
Clearing it all up: On Saturday, The Australian reported that the pair actually enjoyed a 50-50 split of proceeds. The publication also reports that Tobi has assumed full ownership of the duo s K&T Investments and he was transferred Itsines s stake for zero dollars
Switzer Daily
5 things you need to know today
1. Lockdown to cause job losses
Economists calculate the extended Sydney lockdown will contract the economy and kill thousands of jobs. NSW is one-third of the Aussie economy and has 22% of the country’s workforce and the seven-week lockdown will take 1.4% off growth, which will increase unemployment levels.
2. Apple bites into BNPL bonanza
The
share prices of Afterpay and Zip fell by around 10% yesterday and you can blame
Apple and PayPal. Investors in the likes
of Afterpay and Zip had a bad day yesterday as Apple joined the buy now pay
later (BNPL) space. News says Apple was working on a
Fitness app founder Kayla Itsines sells Sweat for $400 million
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