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Recently, FILA officially announced that CAI Xukun became the spokesperson of FILA. Italian high-end sports fashion brand FILA and young musician Cai Xukun join hands to bring the concept of "Fengshang" into the public view.
Bila, founded in 1911, is an Italian textile company with a history of 100 years. In the 1970s, FILA turned to sportswear and developed tennis, golf, fitness, skiing, mountaineering, basketball and other series.
FILA fashion sports brand is no stranger to Chinese consumers. FILA's fashionable and dynamic image, novel design and high-quality products have left a deep impression on consumers. FILA, a sports brand that breaks through the Convention, continues to meet the needs of different consumers with its continuous innovation and full of design sense products. The original products of the past become the golden standard today.
Recently, FILA has become a hot spot, focusing on the eyes of many consumers. Cai Xukun was announced as the spokesperson. His strong influence expanded the dimension of brand influence and injected more power into the brand.
From the beginning to the end, FILA has always been moving forward, and its brand keeps pace with the times. As the first sports brand on the main agenda of Milan fashion week, it once again gracefully piloted the spring and summer 2020 Milan Fashion Week show last year, showing the world the new definition and ideas of high-end sports fashion.
This year, FILA has also cooperated with many famous fashion brands / designers in cross-border cooperation. The perfect balance of art, fashion and design is rooted in products, which highlights the concept of continuous brand innovation, and encourages each generation of pioneers to create their own fashion inspired by classics.
It is understood that this century old Italian high-end sports fashion brand FILA FILA, in 2009, Anta incorporated its Chinese trademark rights and operation business into its pocket. Specifically, Belle acquired the trademark of Feile in China at that time, but Anta later acquired 85% equity of belle, so Anta is now the general agent of ferro in China.
Surprisingly, Anta Group has actually formed a huge brand group. Anxin International said: "as the leader of local sports shoes and clothing, Anta is not satisfied with being limited to the domestic market, but hopes to achieve the goal of global distribution by purchasing foreign sports brands. At present, it has Anta, FILA, Descente, sprandi, kingkow and kolonsport, and successfully acquired amersports this year to further realize its international distribution. Amer has seven sub brands, all of which occupy a leading position in its segmentation field. In the future, it will focus on the development of retail business and business in China. "
At present, Anta Group's performance report in 2019 shows that FILA brand continues to contribute to strong growth in 2019, achieving revenue of 14.77 billion yuan, up 73.9% year-on-year, and the gross profit rate reaches 70.4%. It is undoubtedly the right move for Anta Group to acquire the brand.
With the rise of national trend, more and more consumers pay more attention to health. Fashion and sports brand FILA believes that in the new year, its performance can soar again and reach the peak again.


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Strategically located on a 3.5 acre site on Rue De l’Aréna adjacent to the Trans-Canada Highway (Autoroute Jean Lesage), the automaker believes the new dealership will provide a prominent corporate identity for the Mercedes-Benz, AMG and smart brands that is highly visible from the busy thoroughfare.
The 22,300 square foot retail facility features a 10,000 square foot showroom and over 12,000 square-feet of state-of-the-art service department with 12 bays.
The automaker says the store’s 90 underground parking spaces guarantee that “ample, climate controlled parking is available to protect customers and their vehicles from inclement weather.”
“We recognized the need for additional representation for the Mercedes-Benz, AMG and smart brands in this growing region, and I am thrilled to be celebrating this important milestone with (dealer principals) Benoit and Donald Theetge as Mercedes-Benz St. Nicolas commences operations,” said Tim Reuss, president and CEO of Mercedes-Benz Canada, speaking at the ribbon cutting on Dec. 3.
“I am confident that this impressive facility, our fascinating product range and the talented team of professionals at Mercedes-Benz St. Nicolas create a powerful combination that will help us further expand our customer base and realize the true potential that exists in this important market.”

domain: news


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Search returned: 3249 document(s).
Nielsen, via MediaPost, breaks down TV time spent by generations, gender and ethnicity.
City Year shared the insights that drove its successful campaign and the ROI and impact produced by the power of social media.
Norwegian Cruise Line shared how it works with Sixthman, LLC to extend its brand into areas beyond traditional cruising.
Microsoft shared a new consumer-centric approach to multiscreen marketing and measurement.
Includes explanation of factors such as size and position.
The Men, the Myths, the Legends: Why Millennial “Dudes” Might Be More Receptive to Marketing than We Thought
Many marketers remain eager to connect with this young, digitally-savvy group.
Target introduces a new in-store gaming experience, built in partnership with Google’s Art, Copy & Code team.
With increasing fragmentation across the media landscape, marketers are hard pressed to uncover a winning formula for advertising success.
According to an ANA survey, “programmatic” was voted the word of the year. Here are some interesting are the reasons voters gave for voting for “programmatic.”
The world has gone digital, and payment methodologies are rapidly gaining prominence among savvy consumers.
And the votes are in!
A new form of cooperation is emerging between retailers and brand marketers that is driving more sales and better returns for both sides.
Company “aims to double sales from its food business in the U.S. over the next five years and become more of an evening food-and-wine destination..."
Marketers are becoming aware that Web site visitors never see many of the ads served on publisher sites.
Microsoft on Wednesday announced the general availability of Bing Pulse 2.0, a real-time voting platform that allows for instant feedback from an audience.
Understanding behaviors, attitudes and influences is essential to tap into Africa’s diverse set of consumers.
The Mobile Marketing Association shared initial results from a study on mobile’s role in the marketing mix.
Shoppers are desperately seeking advice on what to buy, what to avoid and what price to pay for the right product.
Among the predictions: 2015 Will Lead To The Demise Of Old School Ad Networks and Programmatic buying will increase 52% to $21 billion globally.
It would take more than seven years to watch all the videos on YouTube with "unboxing" in the title that have been uploaded so far just this year.


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Car shows, as a rule, are as long on China optimism as they are on razzmatazz. As new models start to hit the streets ahead of next week’s Geneva show, the industry is taking heart from a spectacular January in China, where annualised passenger car sales rose more than 50 per cent.
That is unsustainable. The January leap is partly technical, coming off a low base and possibly reflecting inventory distortions. Overall, carmakers are pencilling in 15-25 per cent growth this year. One swing factor is the expected turnround on rules restricting car usage in some 80 big cities. A blanket reversal of policy, already adopted in Shanghai, would encourage more motorists.
Even in the fast lane, however, sales will struggle to keep pace with production. Figures compiled by JPMorgan suggest a 38 per cent year-on-year rise in production. Even assuming that some of that fails to materialise, oversupply will continue to dog the industry. There are also more carmakers jostling for showroom space. Local manufacturers are finally giving the big international players a run for their money, clawing back market share from the likes of Europe’s Volkswagen.
Other old hands, including General Motors with its 11 per cent market share, face a fresh onslaught of competition from Japanese and Korean carmakers. Toyota’s Camry launch in May will be one test point. Another will be carmakers’ ability to withstand further compression of margins: escalating competition and new model launches point to another round of discounting. Smaller cars, now the most popular vehicles, have correspondingly smaller margins. And profits are already sliding – to the tune of 60 per cent last year, according to some industry estimates. Investors should drive carefully – and pay limited credence to the words of car salesmen.
Get alerts on Lex when a new story is published


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The Samsung Galaxy Note Jelly Bean update, which was promised all the way back in August of last year, appears to be on the way as Samsung UK has posted all of the details regarding the update to its website, a sign that a release date might be close.
Since August, when Samsung announced that the Galaxy Note Jelly Bean update would roll out “soon”, owners have been waiting patiently for the software to arrive. Since then, the company has offered very little other than a posting showing off some some of the features of the upcoming update including the Premium Suite that will bring Multi-Window View on top of the Jelly Bean features.
Now though, we have a sign that things are close as the Jelly Bean update has been found by PocketNow, posted on Samsung UK’s website in plain view. The manual shows off the features of the still unreleased Galaxy Note Android 4.1 Jelly Bean update. Unfortunately though, from the contents of the manual, it appears that an update is still completely unknown.
However, given that the manual has appeared for the GT-7100, the international version of the Galaxy Note, we imagine that an update may not be too far behind. And now that the Galaxy S2 Jelly Bean update has started to roll out, we knew it would be only a matter of time before Samsung started to prepare for the Galaxy Note upgrade.
Of course, what Galaxy Note owners will be looking for now is a release date, only, they shouldn’t expect one from Samsung’s mouth directly. Instead, the software will likely roll out silently to owners in a region or two and then roll out shortly to other regions in the weeks afterward. The update will likely start with the international version and move to carrier-branded models later on.
That means that AT&T Galaxy Note owners likely have several weeks of waiting to look forward to, even if the update does roll out sometime in the not-so-distant future.
This article may contain affiliate links. Click here for more details.


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PUBG Mobile fans are review bombing FAU-G on the Play Store, rating drops from 4.5 to 3.4
FAU-G launched in India on January 26 and started with a 4.5 star rating at launch. Now, the ratings have taken quite a tumble with the game being review bombed by PUBG Mobile fans on the Play Store.
The Indian alternative to PUBG Mobile, FAU-G launched in the country on January 26. At launch the game started off with a 4.5 star rating on the Google Play Store, but now that has dropped to a 3.4.
While the game itself is not without flaws, you can read our first impressions here, the major reason behind the ratings of the game dropping can be attributed to PUBG Mobile fans leaving one-star ratings in the game review - something that's known as “review bombing” in the internet-verse.
Usually games, movies, shows etc are review bombed due to a certain issue people might have with the game or the movie/show etc. In this case, FAU-G is being review bombed, not due any issues in the game itself, but because of PUBG Mobile.
“This game is repetitive…” begins one one-star review. “It's pretty bad…” starts another one-star review. “Pathetic user experience…” states another. As you scroll on more, you'll see - “Bring Back PUBG India”, “This is not PUBG”, and “I hope PUBG is unbanned in India, cause FAU-G is not what we call a game” - and more of the kind.
Review bombing is common in more developed gaming markets and this is possibly the first major review bomb to impact an Indian game developer, as IGN India points out. nCore Games told IGN India that they are working with Google to rectify the issue.
Google had helped TikTok-maker Bytedance remove one star reviews while the app was still available in India and more recently, the company helped Robinhood by removing over 100,000 one star reviews in the wake of the GameStop short squeeze and that app's announcement to block stock purchases such as GameStop and AMC. It remains to be seen if Google will indeed step in to help out a made-in-India app.
While nCore Games' founder Vishal Gondal has categorically said that FAU-G is nothing like PUBG Mobile and the two should not be compared, it seems like PUBG fans are not in the least pleased.
However, given that the ban on PUBG Mobile is still on and PUBG Mobile India has not made any headway into getting government allowances or support, FAU-G might just be the only other alternative on offer for a while that can fill the vacuum left behind by the super-popular battle royale.


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SJP's unexpected strategy to face celeb fragrance fallout.
August 26, 2016
• Rachel Strugatz
KOHL’S SOCAL SANTA: Kohl’s Department Stores expects to hire about 4,200 workers when it makes its long anticipated entry into Southern California with 28 stores next spring, the company said Monday. The firm, which currently has 457...


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At MechCon 2018, Pirhana Games announced the release date for their upcoming sequel, MechWarrior 5 Mercenaries.
Initially set to launch this December, Pirhana Games announced that it was delaying MechWarrior 5 but didn’t reveal when exactly it’d arrive. Now, thanks to an announcement at MechCon, we do, and it’s a bit of a wait. MechWarrior 5 is now set to land on September 10, 2019.
At the event, the developer also released an explosive new trailer for the game which you can see below:
MechWarrior 5 is the latest in a long-running series of titles, the last game of which launched in 2001, which generally take place during the Third Succession War, a fictional war within the BattleTech universe that takes place from 2866 to approximately 3025.
In MechWarrior, players take control of giant BattleMechs and battle it out against other BattleMechs as well as infantry, tanks, and other units. It’s a game, and a universe, that has received a huge following, so much so that there’s an annual convention.
Are you looking forward to MechWarrior 5? Let us know in the comments below!


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Yum! Brands: KFC Too Dirty For ChinaVW Staff
Americans are well aware of scandals involving unsafe product making their way from China, but few would have expected an American company operating in China to be accused of similar unsafe practices. That is, however, what happened to KFC in recent weeks, and the reason for its parent company Yum! Brands, Inc. (NYSE:YUM) loss of almost 5% of its value today after an earnings report release.


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Russia has overtaken Germany to become the largest car market in the European region, a PricewaterhouseCoopers document states. The UK’s Autocar magazine quotes the consultancy’s findings as stating that new car sales in Russia rose by a 41% in the first half of this financial year to 1.65 million units. If that …
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As a longtime baseball card and sports memorabilia collector, Michael Eckstein has stood in long lines to get autographs of famous athletes. He knows how that signature can impact the value of a collectible.
“I have always known when you have something signed, it says that the athlete has seen it, they have affixed their autograph to it, and that clearly increases its worth,” Eckstein says.
Having spent most of his career working in technology and software development, Eckstein was intrigued by the latest blockchain technology that allows company’s like Topps and NBA Top Shot to create digital NFT cards and collectibles. When a LeBron James Top Shot “moment” recently sold for a record $230,000, he knew he had to jump into the game.
“It occurred to me, you know something, autographs are important, autographs add value, so how about coming up with the technology where an athlete can digitally affix their autograph to an NFT,” Eckstein said.
His new company, AllCertified Inc., is an NFT toolkit developer that uses blockchain technology to create “autograph stickers,” which allow athletes, performers and celebrities to digitally sign and personalize any digital NFT or video. With a patent pending, the company hopes to begin onboarding athletes and celebrities soon, allowing them to affix their autographs to digital trading cards, sports memorabilia and other products.
“Once we onboard an athlete and when we get their profile, an athlete will then start receiving NFTs. It may be a baseball card or it may be a highlight reel or it may be an image of a physical item, and when someone asks, can you digitally sign this, our technology allows an athlete to look at these requests and decide which ones they want to sign,” said Eckstein, the company’s founder and CEO.
AllCertified has spent the past few months working on potential partnerships with card companies Topps, Panini and Upper Deck as well as sports leagues and other content creators who own copyrights for trading card and memorabilia images. Eckstein said the card companies have been very receptive.
His company is also working with sports agents and player associations to sign athletes and onboard them into the AllCertified database. Once the company acquires an athlete’s autograph and uploads it onto its platform, it has the technology to affix the autograph to any digital trading card or sports collectible, with the athlete’s approval. Athletes and celebrities will get paid for their autographs, set their own prices and also receive royalties when a signed NFT is resold on the secondary market. The technology includes an app that allows them to approve whether or not they want their autograph affixed to a specific NFT.
“He owns the signature. It is always his,” Eckstein said. “The athlete will always own and he will always control and maintain his own account.”
The company plans to make its technology available to all sorts of celebrities and influencers, including actors, artists and musicians. Eckstein envisions artists affixing autographs to album covers, videos and even social media posts.
“Wherever there is the ability to have an NFT and the individual involved in it, we are actually having those conversations,” Eckstein said.
Athletes will also have the ability to create their own NFTs, which they can distribute or sell through card or memorabilia companies or auction houses.
“He has the ultimate control of that NFT and his signature,” Eckstein said.
Once the company has acquired all the necessary approvals and partnerships, card and memorabilia collectors, dealers and companies would go through AllCertified to have autographs affixed to their collectibles. They also would have the ability to turn their physical trading cards into autographed NFTs.
The NFT market has taken off since it was launched last year with NBA Top Shot. Topps recently released its 2021 MLB Inception NFT Collection at ToppsNFTs.com.
The newest trend in collectibles continues to attract national attention. HBO’s Real Sports recently profiled NFT collector Michael Levy, who turned his $200,000 NBA Top Shot investment into a $20 million collection.
Levy believes the collectible world is trending away from traditional cardboard collectibles and toward digital NFTs.
“The world is moving more toward digital and what I am hopeful for is that these sort of digital assets are seen as a new-age version of sports cards,” he said on the HBO “Card Craze” documentary
Eckstein presented the AllCertified technology to collectors and dealers at the Capital Cities Sports Card Convention in Des Moines, IA in July and is scheduled to be a keynote speaker at an NFT convention in November. He believes NFTs and digital collectibles are the future of sports collecting.
“When it comes to collectibles, we have a new generation that doesn’t really care about hanging things on their wall or keeping things in their safety deposit box. They want to carry it on their phones,” he said. “You now have NFT wallets that you can have bragging rights that you have an NFT signed by [Shohei] Ohtani and you can now put that on Instagram, Facebook or Twitter. That’s the technology where we are today, that’s the mindset of the new wave of collectors.”
Eckstein said he has been inundated with dealers and collectors interested in the new technology.
“They’re saying, how quickly can we get on board, what’s the process? Because clearly, the National notwithstanding, traffic flow into physical locations is not what it was five, 10 or 20 years ago into dealers’ stores,” he said. “… We are getting away from the physical and we are now moving to digital.”


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11:16 AM - February 18, 2015 by Steve_OS
Slightly Mad Studios has just announced Project CARS will be delayed a couple of weeks and releasing on April 2nd in Europe (we are working on a confirmation date for the North American release). Previously it was scheduled to release on March 17th.
UPDATE: April 2nd is the European release. April 7th is the North American release. (As confirmed by http://www.amazon.com/gp/product/B00...4B5DNQW6HIORSI and GameStop)
Read the full press release below.
Slightly Mad Studios and BANDAI NAMCO Games Europe S.A.S today confirmed that Project CARS will be available for PlayStation® 4, Xbox One and PC on April 2nd 2015.
The slight shift of the release date is due to final adjustments in the game, that are required to provide to the fans with the best gaming experience they could have.
"Moving a release date was not an easy decision to make, as we know our fans are eager to get their hands-on on Project CARS”, said Ian Bell, Head of Studio at Slightly Mad Studios. “But we know that these extra days will allow us to provide the best game experience that our fans deserve. We assure you the wait will be worth it when the game does arrive early April".
Project CARS aims to deliver the most authentic, beautiful, intense, and technically-advanced racing game on the planet. Crowd-funded by a passionate community that has been involved in the development process from day-one to create their ultimate racing experience, Project CARS includes the largest track roster of any recent racing game, a huge variety of motorsports to play, a freeform and authentic career mode, world-class graphics and handling, dynamic time of day & weather, and a suite of community features and connectivity that leave the competition behind in the dust.


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OnlineBusiness.com Releases New Content Generation Tool Review
New York – Technology continues to impact the workforce to help increase productivity and efficiency. And for online businesses looking to compete in today’s fast-paced society, it’s no different. For online businesses looking to create content for their blog or website, there are now content generation software tools that can help produce content more efficiently. One such tool is ArticleForge, and Onlinebusiness.com recently published a new review of this content generation software tool.
“Content generation tools like Article Forge, while not a complete solution for creating content, can help speed up the content creation process, especially those with a small team. However, it needs to be used correctly and seen as a tool for help and not a tool to be relied upon entirely,” said OnlineBusiness.com founder Michael Santiago.
OnlineBusiness.com continues its efforts to help digital marketers in their new online business by providing guides and resources related to all parts of an online business. This includes reviews of software tools related to keyword research, content generation, and SEO optimization.
OnlineBusiness.com’s Article Forge review covers:
What’s new in the latest version 3.0
For whom the software is designed
Main features of the platform
Advantages and disadvantages
“Article Forge is a great tool for businesses that need help producing more content in a short time. The tool can help jump-start the content creation process,” Santiago said.
Article Forge is currently offering a 5-day trial for users interested in trying it out to see for themselves how it can improve their content and determine if it’s right for their business risk-free.
Please visit OnlineBusiness.com to read the full Forge article review.
OnlineBusiness.com is a digital marketplace for premium domains and starter sites. Currently, it lists over 3,500 domain names with a combined valuation of over $5 million. He also specializes in helping clients with SEO to improve rankings and traffic.
OnlineBusiness.com Media Team
Company Name: OnlineBusiness.com
Contact person: Media Relations
E-mail: Send an email
Address:24 W Railroad Ave.
State: New Jersey
Country: United States


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BOLTON comedian and Phoenix Nights star Dave Spikey has pledged to join a host of fellow celebrities to help out with a unique charity fundraiser in aid of blind children.
Dave Spikey, Mohammed Al Fayed, Chris Tarrant, and Brian Blessed are just a few of the famous people who are supporting the latest National Library for the Blind fundraiser in which celebrities were asked to draw their favourite childhood memory or character.
Key players in the world of children's TV past and present were also asked if they could donate a special piece of memorabilia or one off piece of art to help raise money for the charity too.
An original DangerMouse animation cel signed by Brian Cosgrove, a watercolour of Bagpuss painted by his creator Peter Firmin and a collectable limited edition signed print of all of the Beano characters are just some of the pieces already pledged to the charity.
The celebrity art work and original pieces of memorabilia will be auctioned off at a prestigious fundraising evening on Friday, October 14, at The Lowry Hotel in Manchester.
The Celebrity Art and Children's Nostalgia Auction evening will include a champagne reception sponsored by Barclays, a sumptuous dinner, entertainment from X Factor finalists 2 To Go, plus a lively and entertaining auction hosted by children's TV presenters Trevor and Simon.
Every penny raised in the auction will go towards helping the Stockport-based National Library for the Blind to bring the magic of reading to the two million visually impaired people in the UK who can't read standard print.
With less than 5 per cent of books published annually in the UK ever produced in braille, audio or large print, there is a serious shortage of reading material available for visually impaired people - making the work that NLB does essential.
Claire Briscoe, from the National Library for the Blind, said: "We are delighted to have the support of so many celebrities and are also extremely grateful to all of those people who have donated original pieces of memorabilia too.
"As we do not receive any regular government funding we count on fundraising in order to continue providing our service to blind and partially-sighted people across the UK.
"We are delighted that so many celebrities and stars of children's television have agreed to help out, and we are sure it will be an evening to remember."
Those people who cannot make it to the event, but are interested in bidding for the lots are able to make sealed bids in advance.
For further information on the art auction, buying tickets for the event, or bidding for auction lots, visit www.nlb-online.org/artauction or contact Angela Ginger on 0161 355 2094.


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PARKERSBURG — The Parkersburg Police Department released the following reports on Feb. 5:
The department responded to 72 calls for service.
* Nevin Clark, 33, Marietta, was arrested for burglary and auto larceny.
* Officers responded to Wal-Mart and cited Herbert Stewart for shoplifting.
* Officers responded to Wal-Mart and cited Harry Swager for shoplifting and trespassing.
* Officers responded to 10 motor vehicle accidents.


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“It is an extremely exciting technology for being able to objectively determine what people have eaten,” says Winkvist, a professor of nutrition.
OUR EATING HABITS traditionally have been surveyed by answering questions about what we have eaten. But such questioning always produces source errors. People forget what they have eaten, have difficulty estimating what size portions they have eaten and lie about their eating habits. In a method study that has just been carried out, a number of people ate breakfast in a food laboratory. One group was given a more protein-rich, British breakfast with ham, eggs and white beans, while the other group ate a carbohydrate-based Scandinavian breakfast with cereal and sandwiches. Subsequently they provided blood and urine samples, which were analysed at the NMR Centre.
Was it possible to distinguish between the different groups? Yes, it was, according to Lindqvist, a bioscience senior lecturer.
“However, we saw the biggest differences between those who chose to drink coffee and those who chose tea, which we had not anticipated initially.”
In this case the study was about diet choices that could be traced the same day in blood and urine, whereas other projects had to do with the effect of different dietary habits over a longer period. In another project, for example, the difference between omnivores, vegetarians and vegans was studied.
PREVIOUS METHODS THAT were used could only study one biomarker at a time. Analyses have been expensive and time-consuming. NMR spectroscopy has opened new opportunities for the research field. “Foods are complex and contain lots of different materials that can exert an influence in many different directions. The advantage of metabolomics is that we can include a great many materials at once,” Lindqvist says.
But while NMR spectroscopy makes it possible to generate a great deal of information, it also demands a lot of those who are to analyse all the data. Concurrently with the development of NMR technology during the past decade, bioinformatics also has made major strides. Being able to manage great quantities of data is becoming an important part of research. “We have had very good collaboration with the NMR Centre, and the development of our research has gone hand in hand with expansion of the centre,” Winkvist says.
THE NEXT STEP WILL BE using biomarkers to predict how well a certain type of treatment works for an individual patient. In this case it involves monitoring what effect a change in diet could have on an individual, which in turn should be able to increase the person’s motivation to alter dietary habits.
“Changing dietary habits is hard,” says Lindqvist. “It would help motivate us to change our habits if we knew ahead of time that a dietary change is likely to have a major impact.”
Text and photo: Camilla Persson
The interview is an excerpt from a longer article on the NMR centre published in Science Faculty Magazine Nr 1 2016.


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One would think that an active angel investor like Rehan Yar Khan would have little to worry about, given the buzz in entrepreneurial activity in India. But the truth is quite the contrary. In a video interview with Techcircle.in, Khan (also the founder of Flora2000 Gifting & Design Pvt Ltd, the company that runs Flora2000.com, an e-commerce site retailing flowers across the globe) shares his favourite investment theme, his note of caution about the new age e-commerce ventures in the country and why his own company recently spliced out the India business into a separate brand.
The Indian e-commerce Jungle
Khan says one of the reason for the negative sentiment around e-commerce is that most of the players that come online just take a product and start selling it online, which in turn means high customer acquisition costs, lower margins and no loyalty.
"If you are only selling Adidas online, there are already a number of people doing the same, so what happens is that the customer buys the product from the one giving the most discount," said Khan. "But companies, which have their own brands or add proprietary value to the products tend to get good margins as well as customer loyalty."
According to him, there is a lot of opportunity for new brands in the garment space as it is much easier for them to launch a brand online in comparison to a brick and mortar store (note he is himself an investor in e-commerce site Exclusively.in!). He also believes that we have been too quick to pass judgements on whether the e-com ventures have passed or failed, and going forward there will definitely be more than a few success stories.
On investing in the country
"Strangely in India, the industry developed in reverse. There were a lot of PE's, fewer VC's and even less seed funds, making it a very odd-shaped pipeline. Due to this, the entrepreneurs who came up faced a lot of issues. But I think the breed of new entrepreneurs that are coming now will be of very high quality," he said.
Khan's favourite investment theme is SaaS, followed by e-brands (but not vanilla e-com companies). He has already invested in over 15 companies. Without disclosing the names, Khan claims that three of his portfolio companies have already grown 50-60x.
His key investments include holiday comparison site Polama, online taxi services firm Olacabs, Buytheprice.com, mobile video streaming app maker Jigsee Inc, Druva Software, Kwench Library Solutions Pvt Ltd, Innovize Tech, real estate group buying site Groffr.com, Reach Accountant, luxury e-com site Exclusively.in and the most recent one Cherish Life Products Pvt Ltd, that runs Cherishmaternity, an e-shop offering maternity wear and infant products.
He also rubbished claims of a bubble being built at the seed stage by mentioning that India is still a nascent market even now. "Out of a country of over 1 billion, even if 150 odd companies are getting funded, it's not something very big."
And his advice to entrepreneurs, "Think proprietary - build a new brand, or if you are a vanilla seller then think about proprietary in terms of delivery time, special packaging etc., to make you stand out."
"Secondly, think life time value (LTV). Think about what will make the consumer come back time after time and focus on that (like garment where you have a lot of repeats). You might have the best mobile site, but how many cell phones can you sell to a guy in a year?" he asks.
Update on Flora2000:
Khan says the Indian logistics infrastructure has its own set of challenges. His entrepreneurial venture Flora2000 Gifting & Design Pvt Ltd, recently rebranded its Indian portal Flora2000.in to Goldboxx.in.
The rebranding was initiated early this year and the firm is now looking to revamp the user interface around Diwali.
"Flora2000 is focused on the US market (basically for people in America who want to send flower overseas), mainly because when I started the venture, there was hardly any scope for it in India. Now we have reached a full circle and have launched Goldboxx for the Indian market," he added.
He also mentioned that the reason for the rebranding was because in India, the company sees an opportunity to get into gifting as a larger business instead of just floral gifting. "In India, flowers is not one of the top gifting items (unlike chocolates, apparels etc.), that is why when we came here we had to do so with a different model altogether." The company has brought all the software as well as a few top team members from Flora2000 to Goldboxx.
See the video for more:
(Edited by Prem Udayabhanu)


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Mark Gurman, reporting for Bloomberg:
Apple Inc. has hired Timothy D. Twerdahl, the former head of Amazon.com Inc.’s Fire TV unit, as a vice president in charge of Apple TV product marketing and shifted the executive who previously held the job to a spot negotiating media content deals. […]
Twerdahl comes to Apple with significant experience in internet-connected TV devices. Prior to his tenure at Amazon, he was an executive at Netflix Inc. and later a vice president in charge of consumer devices at Roku, a streaming video box developer.


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Ja Morant of the Memphis Grizzlies has not only put his NBA career in jeopardy, but his sponsorship deals are now suffering too.
Morant, who is currently taking time away from his team after displaying a handgun at a club during a live social media broadcast, is being put on hold by Powerade.
NBACentral is citing a New York Post report that says the drink company is pulling its ad featuring Morant.
Additionally, Ad Age reports that Morant has been scrubbed from their social media posts too.
Powerade plans to pull their ad with Ja Morant, per @nypost pic.twitter.com/tQ8RkwohYV
— NBACentral (@TheNBACentral) March 13, 2023
Morant was about to be all over your TV.
The Powerade ad featuring the Grizzlies star was going to be front and center during March Madness games but now it might not ever see the light of day as the company re-evaluates its relationship with him.
Morant was set to be the face of the company as part of a major rebranding effort but there is a chance that he may never work with them again.
As for his other huge deal with Nike, things seem to be moving forward with that company, albeit quietly.
They recently commented on Morant’s decision to sit out of games, saying, “We appreciate Ja’s accountability and that he is taking the time to get the help he needs. We support his prioritization of his well-being.”
In other words, everything revolving around Morant is on hold right now.
Although he released a brief statement following the live-streaming incident, Morant hasn’t said anything else.
Depending on how he and the league handle this situation, companies may choose to keep working with Morant or cut him loose entirely.NEXT: NBA Fans React To Ja Morant Losing Another Sponsor


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Canadian honey producers want the government to increase and improve the testing of honey to ensure it is not being diluted with other sweeteners. They believe producers, particularly in Asia, are adulterating honey and so, are able to sell more cheaply. That, they say, has led to a drop in prices which is hurting legitimate producers.Listen
A world-wide problem
“Adulterated honey is a world-wide problem,” says Rod Scarlett, executive director of the Canadian Honey Council. “In fact, it’s been claimed that honey is the third largest food fraud item traded in the world behind olive oil and some spices.
“We know that there’s money to be made and those people that are diluting or adulterating honey are getting very good at it and are getting so good that the current technology used by our Canadian Food Inspection Agency doesn’t seem to be able to catch them.” Scarlett would like the agency to use new technology called nuclear magnetic resonance testing to determine the product’s composition and where it comes from.
It may not be pure honey in your granola bar
He says barrels of adulterated honey are purchased by food manufacturers and end up in products like granola bars and sweetened cereals, making it harder to detect. Testing must happen before that process, he adds.
Fears for the export market
Producers are worried not only about the drop in prices for honey and their ability to compete. They are also concerned that the United States will increasingly see Canada as a place where adulterated honey is transhipped and stop buying from here. That would be disastrous because the U.S. market absorbs 80 per cent of Canadian honey exports.
Canada’s honey production is worth $250 million annually.


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The U.S. Postal Service has opened a new postal counter inside the Ruth Hunt Candy Store in the Woodhill Shopping Center. It becomes the latest of several of these types of locations across the city.
The Ruth Hunt store's postal operations will be open 9:30 a.m. to 5:30 p.m. Mondays through Saturdays and 1:30-5:30 p.m. Sundays.
Postal services are also available just up the road, as the U.S. Postal Service recently struck a deal with Office Depot to offer shipping and mailing products. Both Lexington locations, Woodhill and South Park off Nicholasville Road, are participating.
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Microsoft has named digital marketing company CtrlShift as its exclusive sales partner for advertising in Singapore, Thailand and the Philippines.
This extends its partnership with Microsoft to four Southeast Asian markets including Malaysia.
Following this extension, CtrlShift will now offer inventory across Microsoft’s unique suite of advertising solutions including MSN, Skype, Windows, Windows Ads-in-Apps and Outlook.com, to brands in Singapore, Thailand and the Philippines, across devices and platforms.
The partnership also enables CtrlShift to provide programmatic buying to brands and advertisers via the Microsoft Advertising Exchange (MAX), underscoring the firm's intent on becoming the leading programmatic marketing solutions provider in Southeast Asia.
Through the MAX, quality, brand-safe audience inventory on Microsoft’s key properties MSN, Skype, Windows, Windows Ads-in-Apps and Outlook.com is made available to marketers in real time. It aims to offer more choices for marketers to reach their audiences on PC, tablet and mobile.
“This is a great opportunity for CtrlShift to grow its digital advertising business in tandem with Microsoft in Singapore, Thailand and the Philippines. We foresee strong growth in the reserved and programmatic buying space across Microsoft’s platforms and devices, and are excited to be working with them to provide premium advertising solutions to advertisers in these markets,” Ong Sea Yen, head of business consulting, CtrlShift, said.
“Microsoft is delighted to be extending our partnership with CtrlShift across three more Southeast Asia markets,” Ken Chang, regional director for advertising, India, Southeast Asia and Korea, Microsoft, said.
“The extension of this partnership also underscores our commitment to grow our display advertising footprint in Asia," Chang added.


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Wise shares drop on cofounder sale, Bank of England stokes rate hike talk, Evergrande payment
Speculation that debt-laden property firm Evergrande has made a key interest payment ahead of a weekend deadline shored up market confidence today after London-listed miners fell sharply on Thursday.
The FTSE 100 index is moderately higher, although the underlying picture for the UK economy continues to cause concern after this morning’s disappointing retail sales figures and the Gfk’s consumer confidence index that shows “all vital signs weakening”.
The uncertain picture adds to the pressure on Bank of England policymakers as they consider whether to hike interest rates next month amid a warning from its chief economist last night that inflation could get close to 5% early next year.
FTSE 100 Live Friday
Markets boosted by Evergrande debt hopes
07:34 , Graeme Evans
European markets should open higher amid reports in China that indebted property firm Evergrande will pay the $83 million interest due on its US dollar bond tomorrow.
It comes a day after Evergrande’s shares fell 13% on their resumption of trading in Hong Kong, having failed to complete deal that would have raised $2.6 billion from the sale of a controlling stake in a property services business.
Oanda senior market analyst Jeffrey Halley thinks the payment should give a temporary reprieve to the China financial system contagion fears, although he adds that another grace period payment worth $45.2 million is due next Friday.
“Still, if they’ve managed to scrape together the funds for this one, it is reasonable to surmise that next weeks will also be met,” he said.
US equities continue to show strength on the back of the strong earnings season, leading to the S&P 500 posting a seventh consecutive advance and another all-time high. Consumer and retail stocks drove the performance.
The tech-laden Nasdaq also moved towards a record high, but that was before Snap shares sank 24% in aftermarket trading following the release of disappointing earnings figures.
The Snapchat owner blamed Apple‘s new privacy rules for impacting the ability of advertisers to reach iPhone users with targeted adverts.
CMC Markets predicts that the FTSE 100 index will open 23 points higher at 7213, continuing an up and down period of trading for London’s top flight.
Snap hit by Apple changes
07:58 , Graeme Evans
It’s been a decent few days for Wall Street earnings, but social media firm Snap bucked the trend overnight with its warning over how privacy changes on Apple‘s iOS operating system have impacted the way advertising is “targeted, measured and optimised”.
Shares in the Snapchat owner were more than 20% lower in after-hours trading, with other leading tech stocks including Facebook and Twitter also under pressure.
Snap’s third quarter figures also came in short of expectations despite revenues growth of 57% to just above $1 billion and adjusted earnings up 209% to $174 million.
Founder and chief executive Evan Spiegel also highlighted the impact of supply chain issues and labour shortages on its partners, but after 10 years of trading he said Snap was now “operating at the scale necessary to navigate significant headwinds”.
Bank’s inflation warning
08:15 , Graeme Evans
This week’s lower inflation figure of 3.1% is looking like the calm before the storm after the Bank of England’s chief economist said he would not be shocked to see a rate close to or above 5% in the months ahead.
Huw Pill told the FT that this was “an uncomfortable place” for a central bank with an inflation target of 2%, although he declined to say how he would vote in next month’s policy meeting. Many economists expect the base rate to rise from 0.1% to 0.25%.
Rising energy prices and the impact of labour shortages and supply chain issues are also putting pressure on consumer confidence after GfK’s benchmark tracking the financial pulse of the nation dropped for a third month in a row in October.
GFk’s client strategy direcetor Joe Staton said: “After six-months of robust recovery in the first half of 2021, UK consumer confidence has taken a turn for the worse with all vital signs weakening.”
UK retail sales suffer surprise September drop, despite petrol panic buying
08:19 , Joanna Bourke
UK retail sales have registered the longest period of consecutive monthly falls since records began around 25 years ago, with soaring petrol demand not enough to boost total September figures.
New data from the Office for National Statistics shows total retail sales volumes were 0.2% lower as more shoppers embraced online purchases, and non-food stores, such as lighting and furniture, were less in demand.
Read the full story HERE.
Rio revival keeps FTSE 100 in positive territory
08:37 , Graeme Evans
The FTSE 100 index is trading slightly higher at 7195.84, led by JD Sports Fashion after the retailer stepped up its global expansion with a deal to buy 80% of Greek leisurewear chain Cosmos Sport. Shares were 2% higher at 1065p.
Rio Tinto was yesterday’s biggest faller but rallied more than 1% today on hopes that the plight of Evergrande won’t derail China’s economy, particularly if the property firm makes an overdue interest payment this weekend.
Barclays shares were more than 1% higher, up 2.5p to 199.38p after Deutsche Bank raised its price target by 10p to 250p in the wake of this week’s record third quarter results.
London Stock Exchange was the session’s biggest blue-chip faller, despite revealing a 7% rise in profits after a boom in dealmaking helped boost capital markets’ revenues by 17% in the third quarter. Shares fell 216p to 7868p.
Evergrande makes interest payment
09:31 , Graeme Evans
Indebted property firm Evergrande appears to have staved off a default after the state-owned Securities Times newspaper reported that the developer made an overdue payment of $83.5 million to international bondholders.
Evergrande was close to the end of a 30-day grace period before bondholders could send a notice of default to the company, an event that markets feared would trigger contagion across China’s financial system. Another payment is due next Friday.
Its shares have slumped 80% in Hong Kong this year, including a big fall yesterday after the company failed to raise $2.6 billion from a planned deal to sell a majority stake in its property services arm.
IHG registers staycation summer boost
09:48 , Naomi Ackerman
InterContinental Hotel Group, owner of Holiday Inn and Crowne Plaza, is back to pre-pandemic levels in some parts of the US – but still has a way to go in Britain.
IHG today revealed a significant boost from 2021’s “staycation summer”.
The FTSE 100 firm, one of the world’s largest hotel operators, said revenue per available room (RevPar) – a key industry metric – was up 66% in the three months to end September.
Group RevPar was still 21% down on pre-Covid levels, however, with the UK down 22%.
Read more here
Shares in JD Sports climb on latest acquisition update
10:26 , Joanna Bourke
Deal-hungry JD Sports has boosted its presence in Europe by buying a majority stake in a Crete-based firm behind 60 shops.
The FTSE 100 trainers and clothing retailer said it has purchased 80% of Cosmos Sport which has most of its stores in Greece, a handful in Cyprus, and also sells goods online.
JD Sports rose 23.5p, or more than 2%, to 1063p, making it one of the top risers on London’s blue chip index.
Read more HERE.
Strong UK PMIs, but experts say it will increase rate hike talk
11:12 , Oscar Williams-Grut
The latest PMI figures increased the chances that the Bank of England will put up interest rates sooner rather than later.
The IHS Markit/CIPS measure of economic activity rose to a three-month high of 56.8 in October – any number above 50 shows growth.
Chris Williamson, Chief Business Economist at IHS Markit, said: “The UK economy picked up speed again in October, but the expansion is looking increasingly dependent on the service sector, which in turn looks prone to a slowdown amid the recent rise in COVID-19 cases. Growth is also being accompanied by an unprecedented rise in inflationary pressures, which will inevitably feed through into higher consumer prices in coming months.”
That comes hours after the Bank of England’s new chief economist said inflation will hit 5% by early next year. Huw Pill told the FT: ““That’s a very uncomfortable place for a central bank with an inflation target of 2% to be.”
Capital Economics said: “The PMI survey suggests our expectation of GDP stagnating in October may be a bit too pessimistic and increases risk that the Bank of England will hike interest rates in the coming months.”
London Stock Exchange leaves investors disappointed
12:10 , Oscar Williams-Grut
London Stock Exchange Group (LSEG) reported third quarter figures below City forecasts. Revenue rose 7.6% in the quarter, with profit up 7.3%.
The performance was driven by a 17.2% surge in sales at its capital markets division thanks to bumper trading activity on its fixed income and derivatives trading platform Tradeweb and good volumes on its platform FXall. However, a weaker performance in the company’s data and analytics division and its post-trade division saw earnings undershoot in those parts of the business.
“LSEG’s group revenue growth was better than expected on a constant currency basis, but it was largely driven by the strength in Tradeweb, where we expect decelerating growth in 2022,” said Michael Werner, an analyst at UBS.
Analysts at Citi called the revenue mix “marginally disappointing”.
LSEG left forecasts for the full year unchanging, saying growth would not be as fast in the final quarter of 2021 as it had been in the third quarter.
Shares dipped 302p or 3.7% to 7782p.
Activist vs. Activist: Third Point takes on AVI
12:32 , Oscar Williams-Grut
Activist investors agitate for change at companies they believe are underperforming — but it appears they don’t like having their own tactics used against them.
Third Point, the New York activist hedge fund run by billionaire Dan Loeb, today hit out at the activist targeting its UK-listed vehicle.
Third Point said Asset Value Investors (AVI) was trying to “commandeer the apparatus of the Company in pursuit of its own agenda, at the expense of all shareholders” and accused AVI of simply trying to promote itself.
The statement is part of a months-long battle between Third Point and AVI over the share price of Third Point’s vehicle. Shares are below the net asset value of the fund and AVI wants Third Point to do more to address that imbalance.
Read the full story.
Wise shares sink as co-founder sells shares
13:35 , Oscar Williams-Grut
Share in digital payments business Wise slid as much as 5% today after its co-founder sold a stake worth £81.5 million in order to invest in early-stage businesses.
Taavet Hinrikus, executive chairman of the Shoreditch-based fintech, sold 10 million shares at a price of 815p each, which is a 4% discount to Thursday’s closing price.
The Estonian’s move, which was managed by Goldman Sachs, led to shares falling 43.2p to 806.6p and means Wise is now back close to the 800p it started life at in a blockbuster listing worth almost £8 billion in July. The shares peaked at 1150p in September.
FTSE ends higher on the day but down for the week
16:58 , Oscar Williams-Grut
The FTSE 100 has closed up 14 points or 0.2% at 7204. However, the bluechip index is below where it started the week, having been at 7230 first thing on Monday.
Here are the main stories of the day:
– UK retail sales have recorded their longest losing streak on record
– The London Stock Exchange Group has seen its share price sink after posting worse than expected numbers
– JD Sports has struck another takeover deal, this time in Greece
– Third Point, the activist investment fund run by New York billionaire Dan Loeb, has hit out at another activist fund targeting its UK vehicle
– IHG has scored a boost from a summer of staycations, which boosted bookings in the UK and US
That’s all from us today and this week. Join us again on the blog next week and have a good weekend.


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Schiff Bidding Seen Making Most Expensive Deal Pricier
Schiff Nutrition International Inc. (SHF) has traders betting that what’s already the most expensive deal in the vitamin industry is about to get even pricier.
Shares of Schiff ended yesterday 5.1 percent above a $42-a- share bid from Reckitt Benckiser Group Plc (RB/), which last week topped Bayer AG (BAYN)’s $34 offer for the Salt Lake City-based maker of Airborne cold-prevention remedies and other supplements. No other U.S. transaction valued at $1 billion or more is trading that far above its deal price, according to data compiled by Bloomberg, signaling traders who profit from acquisitions anticipate a higher offer.
Investors are betting Bayer will match or exceed the $1.4 billion bid and push Reckitt Benckiser to pay up for a bigger foothold in the $30 billion market for vitamins and supplements, said Tullett Prebon Plc. Schiff would give Bayer more sales in the U.S. and brands such as MegaRed krill oil that complement its over-the-counter medicines, said DZ Bank AG. Johnson & Johnson (JNJ) or Pfizer Inc. (PFE) may also weigh bids, Wall Street Access Corp. said. Reckitt Benckiser’s offer values Schiff at 4.3 times sales, already the vitamin industry’s most expensive deal larger than $100 million, data compiled by Bloomberg show.
“The market is definitely pricing in a higher bid,” Peter Lobravico, New York-based vice president of merger arbitrage trading and sales at Wall Street Access Corp., said in a telephone interview. “These are both very deep-pocketed companies and this is a small asset in the grand scheme of things. This one is really going to come down to whoever is willing to pay the higher price. The market knows that and that’s why it is trading 5 percent through what is already an extremely large premium.”
Becky Herrick, a spokeswoman for Schiff who works at LHA, didn’t respond to a phone or e-mail message seeking comment.
Christian Hartel, a spokesman for Leverkusen, Germany-based Bayer, declined to comment on Reckitt Benckiser’s counterbid, and declined to comment when asked if Bayer would raise its offer. A representative for Reckitt Benckiser declined to comment on whether it would be prepared to raise the offer if the bidding for Schiff escalated.
In announcing its bid on Nov. 15 after the close of U.S. trading, Reckitt Benckiser said it expects “significant synergies” from a takeover of Schiff. The Slough, England-based company said it’s prepared to sign a merger agreement “substantially similar” to the one Schiff has with Bayer and “looks forward to engaging with Schiff’s board and is confident that they will recognize it as a superior proposal.”
Bayer held meetings to assess the situation and evaluate next steps, three people close to the company who declined to be identified because the deliberations are private said last week. No final decision had been made on whether it would make a counterbid or walk away, the people said then.
Bayer’s Oct. 29 agreement with Schiff allows the U.S. company to accept an unsolicited higher offer within 30 days, provided it pays Bayer a $22 million breakup fee.
Schiff’s shares traded above $42 in the two days since Reckitt Benckiser announced its bid, as merger-arbitrage traders bet that the company would receive an even higher offer.
“Arbs believe there is the potential for a bidding war,” Andrew Rosen, managing director of equity derivatives at United First Partners LLC, an event-driven research firm, said in a phone interview. “This is a sensible strategic bolt-on acquisition for these guys and that tends to encourage a bidding process.”
Yesterday’s trading indicated that investors expected a counterbid of at least $46, Rosen said.
A takeover of Schiff would help Bayer, Germany’s biggest drugmaker, bolster its U.S. sales of treatments that don’t require prescriptions, according to Peter Spengler, a Frankfurt- based analyst at DZ Bank. Sales of consumer health products in North America accounted for just 6.3 percent of the aspirin manufacturer’s 36.5 billion euros ($46.7 billion) of revenue last year, data compiled by Bloomberg show.
“For Bayer, it’s important to increase its footprint in the U.S. in over-the-counter products,” Spengler said in a phone interview. While Bayer ranks as one of the top-three over- the-counter drugmakers worldwide, it’s only among the 10 largest in the U.S., he said.
Schiff’s products, such as MegaRed krill oil that promotes heart health, also complement many of the medicines Bayer makes and it could leverage those brands globally, he said.
Revenue at Schiff, which paid $150 million to buy Airborne Health Inc. in March, may jump 45 percent in the year that ends May 31 to about $377 million, according to analysts’ estimates compiled by Bloomberg. That’s still just 1 percent of what Reckitt Benckiser Chief Executive Officer Rakesh Kapoor says is a $30 billion global market for vitamins, minerals and supplements.
That was a “game-changer” for investors that were ready to sell to Bayer for $34 a share, said Sachin Shah, a Jersey City, New Jersey-based special situations and merger arbitrage strategist at Tullett Prebon.
“Nobody knew the market opportunity was that great until Reckitt’s CEO pointed it out,” Shah said in a phone interview. “Reckitt’s looking at it and saying this is a $30 billion pie of which Schiff has such a small sliver. They’re willing to pay above Bayer because they see the opportunity.”
Reckitt Benckiser, the maker of Strepsils cold remedies and Gaviscon heartburn relief, and Schiff have products that are already sold by some of the same retailers, such as Wal-Mart Stores Inc. and Costco Wholesale Corp. (COST), and there’s an opportunity to sell Schiff’s brands through other distribution channels, Kapoor said on a conference call with analysts the next day.
An acquisition of Schiff would propel Reckitt Benckiser to the U.S. leader in vitamins and supplements and help shield it from other seasonal businesses, according to Deborah Aitken, a London-based analyst for Bloomberg Industries.
Investors are anticipating that Bayer will at least match the $42 a share that Reckitt Benckiser is willing to pay and that the bidding won’t stop there, Shah said.
“Reckitt’s not messing around,” he said. “Reckitt’s CEO has given himself room to bid even higher if Bayer comes back in. The market is saying that this situation is going to continue and I would probably agree.”
Other companies, including J&J, the world’s biggest maker of health-care products, or Pfizer, the biggest drug maker, could seek to compete in the bidding for Schiff, said Lobravico of Wall Street Access.
Food manufacturers with nutrition lines may also be lured to the company, whose products include Tiger’s Milk energy bars, he said.
Schiff “kind of crosses the line between health care and the food industry,” Lobravico said. “There probably is a list of five to 10 other companies with deep pockets that could step in here as well.”
Al Wasilewski, a spokesman for New Brunswick, New Jersey- based J&J, declined to comment on whether the company would be interested in bidding for Schiff.
“Pfizer Consumer Healthcare will continue to drive growth through core brands,” Mackay Jimeson, a spokesman for New York- based Pfizer, wrote in an e-mail. He declined to comment on whether the company would be interested in acquiring Schiff.
While Schiff’s product line is attractive and Bayer has the resources to boost its bid, the company tends to be “extremely disciplined in terms of M&A valuation” and may be hesitant to counter Reckitt Benckiser’s offer, according to Alistair Campbell, a London-based analyst at Berenberg Bank.
“To push on more from here, I think probably is a stretch too far for them in terms of valuation,” Campbell said in a phone interview. “Bayer does want to try to grow the health- care side of the business, but I don’t think Schiff was ever an absolute must-have target for them. It’s a good target. But I don’t get the sense that strategically, it’s a crucial thing to have.”
The competing bid from Reckitt Benckiser values Schiff’s equity at 4.3 times sales in the last 12 months, compared with a revenue multiple of 3.5 based on Bayer’s offer, according to data compiled by Bloomberg. Reckitt Benckiser is ascribing the highest valuation to Schiff’s revenue of any deal for a maker of vitamins and nutrition products greater than $100 million, the data show. The industry median is 2.7.
“Reckitt Benckiser was more aggressive in terms of a price they were willing to bid,” Ronald Koehler, a Frankfurt-based analyst at Main First Bank AG, said in a phone interview. “Already that value is kind of stretched” and a bid from Bayer topping that “is definitely something that they would have difficulty explaining to investors.”
There’s still room to boost the price without overpaying, according to Tullett Prebon’s Shah. He estimates that Reckitt Benckiser is valuing Schiff at 3.5 times estimated sales for 2013. Increasing that by one “turn” to 4.5 times sales would imply $55 a share, which is likely the ceiling, Shah said.
“After that it becomes just ego-oriented and the chances of value destruction for the acquirer’s shareholders are probably high,” he said. Still, “I am betting that it doesn’t take very much for it to get to the $50 level and get to that one turn extra of payment.”
To contact the editor responsible for this story: Sarah Rabil at email@example.com


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Having their first collection sold on the high street is the dream of most fashion students – and it’s one that has come true for a De Montfort University Leicester (DMU) graduate. Lowri Edwards, who graduated in Fashion Design this summer, is set to start a six-month internship with High Street Giant Warehouse, and her first collection is set to launch at Warehouse’s flagship store in London’s Oxford Street in February. “It’s daunting, but it’s so exciting,” said Lowri, from Caldicot. “I’ll be working at the company’s London HQ alongside their design team. It’s an incredible opportunity.” The annual competition is run in association with the British Fashion Council and open to fashion design students from around the country. It is the second year running that the prize has gone to a DMU graduate. Last year’s winner, Christiana Hadjipapa now works full-time at a high-end fashion house, KTZ.Lowri’s collection was assessed by a team of judges at London Graduate Fashion Week. After being shortlisted, she had to present her designs again in front of a second panel, answering questions about how she would go about converting her Fashion Week designs to the high street shops. Lowri’s collection was called Comfort of Nostalgia, using materials including duvets, bedding and pillows as material, weaving in different techniques and colours to create designs. She said: “It’s a challenge because they liked the different processes that went into the designs so there was embroidery, metal and foil used. Some of it was quite unusual!”
Della Swain, Course Leader in Fashion Design at DMU, said: "We are thrilled to be recognised by Warehouse and the British Fashion Council for our students' talents once again. "This builds on last year's success as this is the second year that a student from DMU's BA (Hons) Fashion Design course has been honoured with winning this prestigious national competition. Lowri Edwards is a deserved winner in my opinion and it will be interesting to see her collection being translated for the high street."RELATED NEWS:* Book a place to see our Fashion Design course on open day* DMU graduate's collection goes on sale at Warehouse* Shear bliss for students shortlisted for top tailoring award
DMU is a dynamic university, read about what we have been up to in our latest news section.
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Read about our mission and vision and how these create a supportive and exciting learning environment.


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This blog first appeared as Steve Wunker's piece for Forbes
By Steve Wunker
For a word that seems about as objectionable as motherhood and puppies, “innovation” is a term that wasn’t heard much in Brazilian boardrooms a decade ago. The same applies to executive suites in South Africa, Nigeria, India, and China. This is something of a puzzle. After all, if innovation springs up to tackle latent demand, emerging markets are packed full of unmet needs. Even in an advanced city like São Paulo, where I am writing this, inconveniences abound. Moreover, there are huge numbers of poor citizens inadequately addressed by businesses traditionally focused on a relatively thin strata of wealthier individuals. You would think that if we would see innovation flourish anywhere, it would be in environments like these.
To be sure, innovation has thrived in these settings, but it has been the sort of process improvement innovation that makes existing industries function better rather than the type that creates new markets, caters to new consumers, or pioneers new business models. Why is this? (Before the comments start pouring in, let’s be clear that any generalization about 5.6 billion people will have exceptions, and the press writes frequently about outstanding programs undertaken by CEMEX, Safaricom, Tata, and others. Yet these companies are unusual, and it is the very rare emerging markets executive who will contend that their country is remotely as innovative as the US, UK, or Japan, even outside of high technology, capital-intensive fields).
Simply put, it has been too easy to succeed without undertaking the sort of disruptive innovation that builds new market space. Banks have grown through building out their branch networks and product offerings. Retailers have planted big box stores. A host of companies enabling export-led economic strategies in the biggest emerging markets have been riding the updraft of fast growth, supplying goods and services to surging local firms and a mushrooming middle class.
In this environment, companies have prospered through executional excellence. They have not needed to generate new approaches to target initially small markets, because mainstream markets have been quite profitable. In many countries (India and China largely being exceptions), competition has been modest, and firms have not needed to best each other through coming out with boldly novel offerings.
Emerging markets have also lacked risk capital. Institutional venture capital is largely a North American and Northern European phenomenon, but wealthy individuals and conglomerates mobilize investment funds across the globe. In developing countries, these sources of finance have not targeted new markets because they have not needed to take those kinds of risks. When core businesses that you understand well are growing 10-15% a year, new markets can lack allure.
Yet the world is changing, fast. At least four factors are converging to create a rapidly-increasing demand for disruptive, market-creating innovation:
We are just starting to see the impact of these environmental shifts. Many of today’s breathless headlines about innovation in emerging markets are overblown. But not for long.


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Al-Futtaim Logistics opens second retail warehouse in Riyadh
As part of Al-Futtaim Logistics’ regional expansion plans, it has opened the second warehousing facility in Riyadh.
The local distribution centre is 15,000 sqm and will act as a buffer facility for its primary warehouse in Jeddah.
Driven by consumer demand, the two facilities currently handle retail brands with categories including fashion, footwear, hardware, DIY furniture and home appliances.
The facilities are fully equipped with the latest web-enabled inventory technology, providing stock visibility for customers.
Both warehouses are Wi-Fi enabled for online scanning which provides an accurate and real-time update on stock transactions. Inventory is distributed either directly to stores (B2B) or homes (B2C).
As per customer preferences, inbounds are arranged via air, sea and/or road options.
Al-Futtaim Logistics’ customers have ambitious plans to expand their regional footprints. As their 3PL partner of choice, Al-Futtaim Logistics will strengthen services in cold chain and enable speed to market for customer orders.
Furthermore, Al-Futtaim Logistics will enhance customer experiences with multimodal transport solutions and integrated logistics solutions.
“Consumer needs are constantly changing and Al-Futtaim Logistics’ corporate outlook is to develop the road distribution network and cold chain in the Kingdom to service the expanding customer base,” said Raman Kumar, managing director of Al-Futtaim Logistics.
“Our expansion in the Kingdom of Saudi Arabia reinforces our confidence in investing in the economy which is in line with the UAE government’s vision of enhanced bilateral trade between the two nations,” he added.


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September 21, 2022
Coloreel at Milano Fashion Week
Coloreel CEO Torbjörn Yngwe Bäck will be a speaker at the Value of Technology in Manufacturing talk hosted by Loreto Di Rienzo and D-house Laboratorio Urbano alongside speakers from Pattern Group, Stratasys, Framis Italia Spa on Wednesday the 21st of September at 2.30pm at #Lineapelle leather fair.
Coloreel VP of Marketing Elin Wengström will be speaking at #WSM White Sustainable Milano show as a panelist on Saturday the 24th of September at 12.00pm
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Shares of Yum China Holdings, Inc. (NYSE:YUMC), China's largest restaurant company, are up 15% as of 12:15 p.m. EDT Thursday after reports that Hillhouse Capital is in discussions to acquire it. The fast-food company has over 8,100 restaurants including KFC, Pizza Hut, and Taco Bell.
Hillhouse is an investment firm founded in 2005 with investments in a list of well-known companies such as Baidu, JD.com, and even the short-term home rental service Airbnb. Goldman Sachs is advising Yum China and Morgan Stanley is advising Hillhouse, according to sources for the news website The Information.
While the 15% pop Thursday is welcomed by investors, especially considering the stock's recent downgrade, it's wise to keep in mind that discussions are in the early phase and this is far from a done deal. In fact, a transaction value is still being discussed, and talks could derail any day.
However, investor excitement is building. Perhaps we'll get a few more details during the company's upcoming second-quarter earnings conference call on Aug. 1.


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The manufacturer of the blowjob simulator Autoblow warns its customers about possible dangers in connection with the use of smart and sophisticated sex toys that offer remote control and interactive functions over the internet. The company released a short public service announcement video to be careful when messaging a contact a link that allows others access to the customer’s toy.
A spokesperson for Autoblow commented the slightly humurous video, »With new technology comes new responsibilities and heightened risks, especially when it comes to sex. The recently launched Autoblow AI+ allows its users to send a link to anyone anywhere, that when opened, permits instant remote device control.«
He added, »But unlike in-person sexual encounters where both people are certain of each other’s identities, virtual sex introduces the opportunity for mistaken sexual interactions and even intentionally deceptive ones.«
Autoblow’s CEO, the marketing savy Brian Sloan, produced the video that features the comedian Silvia Sage. That way the company intends »to help Autoblow AI+ users and others avoid emotional damage from unintended online sexual interactions.«
Brian Sloan added, »As technology-enabled sexual interactions become commonplace, I believe its necessary to educate the public about the potential risks of this new type of sex. Most people have experienced accidentally sending an email or receiving one not meant for them.«
He continued, »But few have imagined the emotional results of unintentionally masturbating someone over the internet. With this film, I hope to educate the public to use our new technology with caution.«
If you want to know more about the toy, visit the company’s website. Here you can watch the video:


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This past July, the News Media Alliance (NMA), a trade association of approximately 2,000 U.S. and Canadian news organizations, announced that it was planning to ask Congress for a limited antitrust exemption to allow its members to negotiate collectively with Google and Facebook regarding digital advertising. With consumers increasingly accessing their news through web platforms, print and online newspapers have seen their ad revenues plummet, while Google’s and Facebook’s have soared.
As more and more papers go out of business, publishers are desperate to stanch the bleeding. But the fact that the NMA felt the need to seek permission to negotiate collectively points to the legal hazards of doing so in the private sector.
Legal roadblocks to coalition building
In negotiation, there can be strength in numbers. Parties that might not even be able to get a meeting with a monolithic counterpart often can get its attention by joining forces with other weak parties and attempting to negotiate collectively. For example, individual employees join labor unions to gain leverage in contract talks with management, and community groups often band together to negotiate environmental and zoning issues with manufacturers building in their towns.
When for-profit businesses try to negotiate collectively with key partners, however, things get more complicated. In the United States, the Sherman Antitrust Act prohibits any contract that would constrain interstate or international trade or commerce. Price fixing among industry competitors, including colluding with competitors to drive down bidding in auctions, is against the law, for example.
Business people typically assume that means they are not allowed to even talk to their competitors when participating in an auction or negotiation-auction (“negotiauction”) hybrid, writes Harvard Law School and Harvard Business School professor Guhan Subramanian in his book Dealmaking: The New Strategy of Negotiauctions (Norton, 2011). But explicit agreements among bidders generally are not forbidden if they would promote competition or marketplace efficiency. For example, private-equity firms sometimes team up to make bids for public companies, a practice that is generally tolerated by the U.S. Department of Justice.
David versus Goliath?
Today, newspapers and other media outlets are portraying themselves as modern-day Davids facing off against the two-headed Goliath of Facebook and Google. As consumers increasingly turn to online platforms for their news, the platforms are attracting ad revenue that used to go to media companies.
Forced to negotiate one on one, newspapers have been unhappy with the returns they’ve received.
Increasingly, news outlets have had to rely on Google and Facebook to make their articles visible to consumers. Forced to negotiate one-on-one with the big online platforms, the papers have been unhappy with the returns they’ve received, reports Jim Rutenberg in the New York Times. For example, the Times, Forbes, and other outlets backed out of Facebook’s “Instant Articles” feature—which shows Facebook users fast-loading articles in an effort to keep users on the site longer—after revenues proved disappointing, reports Digiday.
In an editorial in the Wall Street Journal, David Chavern, president and CEO of the NMA, writes that the web platforms rely on high-quality news and analysis for ad revenue, but the quality of that news is threatened by the news industry’s financial woes. To rectify the situation, he argues, publishers need the ability to negotiate collectively for “stronger intellectual-property protections, better support for subscription models, and a fair share of revenue and data.”
The fact that the NMA decided to ask Congress to pass a law allowing publishers to negotiate collectively reflects the alliance’s keen awareness of the perils of running afoul of antitrust law.
Back in 2007, five major U.S. publishers banded together to negotiate a new business model for e-book pricing with Apple, which was preparing to launch the iPad at the time. Unhappy with the prevailing wholesale model, which allowed retailers such as Amazon to set whatever prices they liked for the e-books they bought from publishers, the publishers successfully lobbied Apple to switch to an “agency model” in which publishers set their own e-book prices and gave a 30% sales commission to Apple. Amazon reluctantly agreed to adhere to the new model as well.
But then the U.S. Department of Justice stepped in to accuse the parties of colluding to artificially raise e-book
prices. The five publishers reached a settlement with the government, while Apple went to court and was found guilty of price fixing and ordered to pay $450 million in damages.
Clearly, with its appeal to Congress, the NMA is eager to help its members skirt that kind of legal trouble. The NMA’s request is expected to be a long shot, given the current adversarial climate between the press and Washington politicians. However, lobbying from News Corporation founder and executive chairman Rupert Murdoch, who holds sway with Congressional Republicans and President Donald Trump, may help, according to the Times.
3 guidelines for coalition building
When you’re trying to get the attention of a powerful party, the following advice may be useful:
1. Look for potential partners.
Before negotiating from a position of weakness, look around to see whom you might be able to team up with to strengthen your hand. That doesn’t necessarily mean banding together with competitors, as you may be able to find partners outside your field whose offerings complement yours and allow you to make a stronger bid.
2. Take a broad view of the landscape.
When antitrust regulators object to agreements, typically it is because the deal leaves consumers worse off. So, when thinking about teaming up with others for a negotiation with a powerful counterpart, don’t forget to consider the potential impact of whatever deal you might reach on outsiders, including customers, clients, and society at large. In creating benefits for those at the table, might your deal impose hardship on other parties? If your agreement would harm outsiders, you could end up breaking your own ethical code and possibly the law.
3. Ask your lawyers.
When thinking about teaming up with one or more competitors in a negotiation, consult in advance with lawyers who are thoroughly versed in antitrust laws and regulations. If your plans would violate industry standards or the law, abandon them or seek permission through official channels, being up front about your intentions.


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By Emmanuel Sampson
Onpassive, a Florida, US based multi level marketing company with a realistic, workable and down-to-earth compensation plan which provides for the entire family by supplying needs in the critical areas of Artificial Intelligence (AI) and information Technology (IT), has landed in Uyo, the akwa Ibom state capital.
Speaking on the rational behind bringing the company’s branch to Akwa Ibom, Mr. Aniefiok Akpan, a top 80 Co- founder of the company said the business is operated on a Complete Automated Targeted Money- CATMO. Said one product of Onpassive can turned all Co-founders to millionaire.
Mr. Akpan noted that, the company has proven their financial viability and stability many times over in different economic conditions, because of its flexible marketing plan, which allows a Co-founder to transfer distributorship to others, in order to build a business and passed to next generation. ” Onpassive is a legacy you can leave for your children ” Mr Akpan explained.
He explained that the company, Onpassive is recreating the online world, because of availability of information gadget, as well as offers some great bonuses for their top achievers, said Onpassive has expanded into more than 200 countries of the world.
The Akwa Ibom born business guru, disclosed that within two years of operations in Nigeria, many people are millionaires, while calling on Akwa Ibom people to availed themselves of the opportunity by signing up with 97$ promo price, to leverage on the unique platform given by Onpassive for wealth creation.
In his words “Akwa Ibom is our home, so we will be doing business with the consciousness that charity begins at home, we will not relent in our efforts to provide the best services nor compromise our standard our standard for anything.”
Moreso, he disclosed that excellence and professionalism is what stood them out among their contemporaries in the multi level marketing business, he promised to Onpassive is coming to Uyo with the intention of of transferring their wealth of experience and niche for excellence. Meanwhile, client who intend to join can visit their office at no. 2 Atiku Abubaka way ,Uyo for their registration.
He noted that their credibility is strengthened by the fact that, they are registered with the Corporate Affairs Commission, CAC and other regulatory bodies.
He mentioned some Revolutionary Artificial Intelligence and information technology products offered by Onpassive to includes, Digital marketing, Video Conferencing, VPN, Website Builders, and Video Marketing.
The event which was held last week Tuesday, at New point hotels, Atiku Abubaka way was attended by other topnotch business men


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Orders Up at World Burger Company In Waite Park [VIDEO]
WAITE PARK -- A new locally owned restaurant is set to take your order in Waite Park beginning today.
When it comes to gourmet cooking Ken Rittmuller knows his stuff after being trained by a former saucier to the Queen of England. But ask him where his true passion for food lies and he will tell you.
"My heart is what I like to call peasant food, burgers, chili, hot dogs things like that," says Rittmuller
It's that same passion that led Ken, and his wife Tracy, to open World Burger Company in Waite Park.
"I thought, I have all this good food knowledge, let's apply it to a burger and make it more than just what you see all over the place," says Ken Rittmuller.
"In your menu you can get an Italian Burger, a Greek Burger, an Asian Burger, so you can pretty much travel the world right here in St. Cloud, "says Tracy Rittmuller
Rittmuller says the restaurant is the start of what hopes to one day become a chain. They plan to open six more restaurants in the St. Cloud area within the next two years.
"We want to be a restaurant that truly is a hospitality destination," says Tracy.
Along with world themed burgers, homemade buns and sauces, they also serve 100% certified Angus beef.
"Less than 8% of the beef in the world can legally be call certified Angus beef, it's that special," says Ken.
World Burger Company is open Monday through Saturday from 11:00 a.m. to 8:00 p.m. in the Sundial Village mall at 631 2nd Street South in Waite Park.


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Google Inc. is acquiring Zync Inc., a visual-effects software company for film and TV studios as the biggest Web-search service expands its cloud-based offerings.
The Boston-based startup’s Zync Render technology lets studios create enhanced scenes and graphics for movies -- such as such as “Star Trek Into Darkness” and “Looper” -- via the Internet. Terms of the deal weren’t disclosed.
“Creating amazing special effects requires a skilled team of visual artists and designers, backed by a highly powerful infrastructure to render scenes,” Google said on its website. “Many studios, however, don’t have the resources or desire to create an in-house rendering farm, or they need to burst past their existing capacity.”
Zync’s graphics-rendering tools have been used in hundreds of commercials and more than a dozen feature films, the company said. The startup provides access to computing power and digital storage using cloud computing and was founded in 2011, according to its LinkedIn profile.
Google has been making more acquisitions as it works to bolster its core search-advertising business and extend its reach into new markets such as mobile, telecommunications and driverless cars. The company more than tripled spending on deals in the first half of the year to $4.2 billion, according to a filing last month.
That includes the purchase of cloud-based service provider Stackdriver, a deal the company announced in May. The Mountain View, California-based Google’s smaller acquisitions this year have covered everything from drones to video advertising.


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Chile Moves to Clean Up
by Alexei Barrionuevo, The New York Times
RIO DE JANEIRO, Brazil - With a deadly virus threatening its fish farms, Chile has introduced measures to improve the sanitary conditions of its salmon industry and reduce the levels of antibiotics used to treat the fish.
Chile exports more salmon to the United States than to any other country besides Japan, but it has drawn sharp criticism from environmentalists and other experts in recent months as a virus has killed millions of its salmon. The illness, infectious salmon anemia, or ISA, continues to spread, underscoring how the crowded conditions of Chile's fish farms and other sanitary concerns are giving rise to a variety of fungal and bacterial fish ailments.
Environmentalists and industry officials applauded the Chilean government's efforts, which were first announced last week.
Hugo Lavados, Chile's economy minister, said a government panel identified steps that would ease crowding in salmon pens and provide greater protection against the introduction of high-risk illnesses in salmon eggs. He also noted that the "intensive" use of antibiotics, although legal in Chile, needed to change and that a specific plan for lowering levels would be finalized by December.
Chile's salmon industry, the country's third-largest export industry, has been undergoing growing pains as it has expanded to meet a rising world demand for fish.
The crowded conditions have given rise to illnesses and stressed the fish, making them more susceptible to catching viruses, experts say.
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Beyond: Two Souls Video: The Demo Gets a Date
Quantic Dreams will be bringing us their next cinematic, emotionally-charged game, Beyond: Two Souls, to the PlayStation 3 in October. But before you buy, you'll have a chance to try when the demo is released.
A post on the PlayStation Blog features a new behind-the-scenes video that gives us a look at the visuals behind the game, such as how they got the actors' likenesses to be represented accurately in Beyond: Two Souls with the use of scanners.
The post also announces that a demo for Beyond: Two Souls will be rolled out on Oct. 1 on the PlayStation Network. There will also be chances for fans to get access to it on Sept. 24, but the details for that will be announced soon.
According to the post, the demo will feature the following scenes:
- Jodie & Aiden: Join a very young Jodie as she takes part in an experiment at the Department of Paranormal Activities. As officials put her abilities to the test, you take charge of a mysterious, invisible entity.
- Hunted: Skip forward a number of years and help Jodie escape the clutches of government agents as the mysterious entity unleashes its truly astonishing powers.


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Beaming video to the technologically-advanced parts of the world is one thing, she noted. But there are wide swaths of the planet missing out on the current content revolution.
PrimeSense Ltd, which built the technology behind Kinect, says it expects at least one U.S. cable company to release a product this year allowing subscribers to change channels, access video on demand and more through hand gestures.
It’s hard to turn the corner these days without someone thrusting a new gadget for your television at you. Apple and Google are among the more familiar names exploring the space, but they’re just the tip of the iceberg. The arena also includes aspirants such as Roku, Boxee, Seagate, Asus and Western Digital. And the three major vidgame consoles are already delivering content.