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% E- @' I9 ?. P5 q TORONTO 鈥?The Estee Lauder Cos Inc. says it has struck a deal to buy Canadian skincare company Deciem Beauty Group Inc. at a valuation of US$2.2 billionThe agreement will see Estee Lauder purchase the Toronto-based company behind the popular skin care brand The Ordinary in two phases.Estee Lauder says the first phase of the deal, which is expected to close by June 30, will see the company increase its stake in Deciem to 76 per cent from 29 per cent for US$1 billion.               ARTICL stanley cup nz E CONTINUES BELOW                                        The American multinational manufacturer of skincare, makeup, fragrance and hair care products says it has agreed to buy the remaining interests after a three-year period at an amount to be determined based on Deciem   future performance.Deciem, which calls itself The Abnormal Beauty Company, was founded in 2013 by the late Brandon Truaxe, a com stanley website puter scientist and cosmetics entrepreneur.        AR stanley cups uk TICLE CONTINUES BELOW                                 Nicola Kilner, CEO of Deciem, says Truaxe dreamed Estee Lauder would be the forever home for the Canadian skincare company.Fabrizio Freda, president and CEO of New York-based Estee Lauder, says Deciem has cultivated authentic brands with highly effective, must-have products and a uniquely transparent and engaging communication style.               ARTICLE CONTINUES BELOW                                        This report by The Canadian Press was first published Feb. 23, 202 Wkii Milton closes town hall, sets up crisis management team amid coronavirus concerns
TORONTO 鈥?Food delivery app Foodora is closing its Canadian operations in May, just months after a key labour board decision laid the groundwork for the company   workers to push for unionization.The subsidiary of Berlin-based Delivery Hero SE said Monday that it has not been able to reach a level of profitability in Canada thats sustainable enough to continue operations, so it filed a notice of intention and will exit the country on May 11.We ;re faced with strong competition in the Canadian market, and operate a busin stanley cup ess that requires a high volume of transactions to turn a profit, said David Albert, Foodora Canada ; stanley cup s managing director, in a release.               ARTICLE CONTINUES BELOW                                        We ;ve been unable to get to a position which would allow us to continue to operate without having to continually absorb losses.Foodora has operated in 10 Canadian cities over the last five years and has racked up 3,000 stanley cup  restaurants on the platform, even in a highly-saturated market with stiff competition from Uber Eats, SkipTheDishes and DoorDash.        ARTICLE CONTINUES BELOW                                 The announcement was a blow for couriers who have been busy dealing with surges in orders amid COVID-19 and grappling with new policies around no-contract delivery.It   devastating, said Jennifer Scott, who has worked as a Foodora bike courier for two-and-a-half yea