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Brand makers and food retailers are at odds in a yes-or-no debate over whether supermarket alliances lead to lower prices for consumers. “AgeCore, Epic Partners and Coopernic are not buying groups,” says the AIM brand organization. But retailers are not impressed.
on the counterattack
A reminder: in June, a study titled International Retail Buying Groups: A Force for Good? The case of AgeCore/EDEKAillustrated how buying groups lead to lower prices for consumers. The report found that average monthly consumer prices for SKUs in a specific product category negotiated by the AgeCore retail alliance were on average 12% lower than similar SKUs outside AgeCore negotiations. The results appeared to be in line with some previous studies on the impact of shopping mixes and were enthusiastically shared by EuroCommerce, the European retailer advocacy group.
This was, unsurprisingly, against the grain of the brand manufacturers, who are now on the counterattack. The AIM Brand Association (in its entirety ‘Association des Industries de Marque’) caused the study by Professor Marcel Corstjens of the INSEAD business school to be critically reviewed by the economic consultancy firm Compass Lexecon. That counter-study, in a 10-page review, evaluates the study’s methodology and conclusions. Final conclusion: the report is flawed.
Purchasing organization or gatekeeper?
The main objection concerns the fundamental premise of the price comparison: according to Compass Lexecon, the report incorrectly assumes that AgeCore is a purchasing organization that negotiates discounts. In reality, however, AgeCore (like other retail alliances, such as Epic Partners and Coopernic) is an organization that acts as a service provider for international brand manufacturers, negotiating terms for these services as well as domestic sourcing agreements and rates. Consequently, AgeCore cannot have a direct impact on sales prices.
Therefore, AIM constantly calls these retail alliances ‘gatekeeper alliances’: they are not true purchasing organisations, they simply demand a kind of ‘access fee’ that entitles suppliers to negotiate with their members. Only after the brand owner pays that fee and begins negotiating on a national level with the various members of the alliance, there is the acquisition, but not jointly. If brand owners refuse to pay those fees, alliance members retaliate collectively in the form of delisting and boycotts.
According to AIM CEO Michelle Gibbons, these alliances are therefore “smoke and mirrors that harm end consumers by limiting their choices and stifling fair competition by artificially raising supply costs.”
In the background is the lobbying work at European level, since the European Commission is working on a revision of the so-called “Guidelines on horizontal cooperation agreements”, which define when competition rules apply to cooperation agreements between companies, such as purchasing alliances, for example. example. As that review is now significantly delayed, AIM is using this opportunity to push for a more precise definition of what exactly “joint purchase” is.
The intent is clear: with a stricter definition, alliances like AgeCore or Epic Partners could more easily be accused of collusion. It remains to be seen whether the European Commission will listen to the demands of the brand’s manufacturers. Two years ago, a European Commission study concluded that alliances between large food retailers do not have a detrimental impact on agricultural prices or higher selling prices for consumers.
According to AIM, many competition officials appear to have insufficient knowledge of how these retail alliances work. They mistakenly believe that access fees are discounts that are credited against national promotional or marketing services and therefore should ultimately lead to lower prices for the consumer. But that’s not how it works, brand makers argue: discounts are negotiated bilaterally with individual retailers. And while gatekeeper alliances like AgeCore, Coopernic and Epic are not transparent about what happens to market access fees, AIM says this money can no longer be spent on innovation, on making the supply chain more efficient, in promotions or in marketing.
Retailers believe they should be entitled to join forces to create a more level playing field when dealing with much larger multinationals, which often operate globally while supermarket chains only have a presence in one or a few countries. According to AIM, we should not look at absolute size, but relative bargaining power in local markets.
For example, Edeka has about a 27% share of sales in Germany. Faced with the collective exclusion of Edeka and other retailers from the Epic alliance, brand owners must carefully consider whether they can afford to resist paying the fees and lose access to a substantial part of European supermarket shelves. “Who has the most to lose if they don’t come to an agreement? The chocolate maker that can’t reach consumers through the shelves of a leading retailer? Or the supermarket that can still sell competitor chocolate bars or even focus sales on their own private label chocolate bars?”
Different business models
AIM also dismisses the argument that brand owners generate much higher margins than food retailers and thus clearly have the upper hand in trading with each other. “You can’t just compare different business models. Manufacturers are running factories across Europe, running production sites, R&D facilities and investing much more in innovation; they take different risks, they have a totally different level of capital employed, and that also leads to different margins,” says Gibbons.
“Retail alliances that actually buy and trade on behalf of their members can offer advantages for smaller retailers and, ultimately, consumers,” adds Gibbons. “But you have to make a distinction between alliances that actually buy together and those that don’t. AgeCore, Epic Partners, and Coopernic are not buying organizations.”
AIM’s distinction between ‘real’ buying groups like Eurelec (of E.Leclerc and Rewe) and ‘superior’ alliances like Epic and Coopernic is artificial, says retail organization EuroCommerce. Both are covered by the same EU joint purchasing rules. “What ‘on top’ alliances do is guarantee manufacturers sales volumes and request a fee in exchange for services such as promotions and marketing efforts. This is a percentage of the list price for each of the markets,” says spokesman Neil McMillan.
The fact that the so-called on-top alliances do not buy themselves can be explained by the phenomenon of territorial supply constraints: international brand manufacturers require retailers to buy nationally and make centralized buying impossible, even if the products in question are normally produced in one or more factories. “Colgate Palmolive markets products throughout Europe, most of which come from a centralized production in Poland. However, you pay a very different price for a tube of toothpaste in Belgium than in Germany, for example.”
The retail organization also frames the debate in current discussions of price increases: “Over the last nine months, we see that manufacturers’ margins, which were already very high, between 10 and 15%, have grown, while Retailer margins (on food usually 1-3%) have decreased, in some cases even less than 1%. This is because consumers have less to spend as a result of rising energy prices: they go to discount stores more often, they buy cheap private label brands more often, and they generally spend less because they can no longer afford it. This makes it impossible for retailers to pass on to consumers the requested price increases, often of 10% or more, demanded by larger brand manufacturers.
Retailers are caught in a triple squeeze, says McMillan. One: Manufacturers ask for more money than necessary, and retailers know whether or not these demands reflect actual input costs, because private-label manufacturers tell them how much more expensive production is getting. Two: Rising energy and other costs have hit retailers particularly hard. And three: consumers can no longer afford food inflation due to rising energy and other bills.
Finally, EuroCommerce does not believe that the European Commission’s extension to finalize its review of horizontal competition rules signals major changes to the rules on joint purchasing.
Will continue, no doubt…


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Fraudsters are exploiting the rise of Voice over IP services to run phone scams, security experts have warned.
Criminal gangs have created a phone version of the “phishing” technique – sending out fake bank e-mails in an attempt to gain confidential information - experts from Secure Computing warned.
The new scam – dubbed “vishing” – uses low-cost VoIP networks to extract personal data from victims. Fraudsters can use a stolen identity to set up a digital voice-response system through an internet phone company.
Secure Computing said criminals used mass-dialling systems and automated recordings to convince victims that they should call a specific telephone number because of fraudulent activity on their credit card.
People who call the number are answered by a computer generated voice telling them they have reached “account verification” and asking them to enter their credit card number using the keypad.
Fraudsters can also use the calls to harvest extra information, such as PIN numbers, card expiry dates or dates of birth.
Paul Henry, vice-president of strategic accounts for Secure Computing, said, “Like most other social engineering exploits, vishing relies upon the ‘hacking’ of a common procedure that fits within the victim's comfort zone.
“It is a normal procedure when calling a credit card provider to be asked to enter your 16-digit credit card number before given the opportunity to speak to a credit card representative.”
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Meta-hologram produces dual images and multiple colors (w/ Video)
Researchers build Quad HD TV chip
It took only a few years for high-definition televisions to make the transition from high-priced novelty to ubiquitous commodity—and they now seem to be heading for obsolescence just as quickly. At the ...
Transcend says USB stick capable of 2 TB storage
Genetic study uncovers new path to Polynesia
Surprising new evidence which overturns current theories of how humans colonised the Pacific has been discovered by scientists at the University of Leeds, UK.
Chip foundry has trouble meeting 28nm demand
Pacific people spread from Taiwan
New research into language evolution suggests most Pacific populations originated in Taiwan around 5,200 years ago.
Apple 'preparing' to launch smaller tablet
Apple is preparing to launch a smaller tablet computer in the coming months in a bid to maintain its edge in an increasingly crowded market, the Wall Street Journal reported Thursday.
Global study of student scores a mixed bag for US (Update 3)
American fourth-graders are performing better than they were four years ago in math and reading, but students four years older show no such progress, a global study released Tuesday revealed.
Micropatterning Director at TSMC suggests e-beam lithography may replace EUV
Taiwan unveils plan for cutting-edge Internet technology
Taiwan unveiled a plan Thursday to invest 24 billion Taiwan dollars (750 million US) in the development of cutting-edge Internet computing technology, saying it would create 50,000 new jobs.
Android fuels surge in global tablet sales
Global sales of tablet computers surged in the first quarter of 2013, led by Android-powered devices that outpaced gains by Apple's iPads, a research firm said Wednesday.
Taiwan unveils hydrogen-powered mobile phone chargers
Taiwanese researchers said Friday they have developed hydrogen-powered mobile phone chargers, in a development that could boost the island's efforts to become a player in green technologies.


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There are a lot of pot stocks to choose from, and Cresco Labs (OTC:CRLBF) sometimes gets lost in the crowd. At a market cap of less than $1 billion and trading volumes often below 300,000, it's not a real attention-grabber. However, that could be a missed opportunity for investors.
Operational in seven states and expanding
Chicago-based Cresco Labs has been steadily expanding its reach across the country and is slowly becoming a large, multistate operator. Last month, the company released its latest quarterly results, which showed tremendous sales growth, with revenues of $29.9 million rising by 253% from the $8.5 million in sales it generated in the prior year.
As good as that is, the company is going to get even bigger once its acquisition of Origin House (OTC:ORHOF) goes through, which will give Cresco a large distribution network to tap into in California. To help put it into perspective, in its most recent quarter, Origin House's sales topped CA$21.4 million in just the last three months. Its acquisition of Origin House is expected to be completed before the end of this year. When it was announced earlier this year, the all-stock deal was valued at about CA$1.1 billion, making it the largest public company acquisition to date in the U.S. cannabis industry.
In addition to a growing presence in California, Cresco is also in the process of acquiring licenses in New York, Massachusetts, and Florida that will expand its reach even further. Michigan is another state it already has the green light for, meaning that in total, Cresco will have a presence in 11 states across the country.
Seed-to-sale process control
One of the big advantages for Cresco is that it has control over the entire process as the company has 23 production facilities and 22 dispensaries across multiple states (including acquisitions still pending approval). From cultivation to the in-store experience, Cresco can provide customers with consistent, high-quality products and services. It's something that many other cannabis companies can't do because they typically control only one part of the process.
Cresco also makes an effort to educate users so that they are making the best decisions possible. On the company's website, the company has a substantial amount of information on various different subjects, ranging from generic information to different ways to consume cannabis as well as links related to medical marijuana research and studies that have been done.
The business is already sustainable
Cresco is expanding without breaking the bank. Although it posted a loss in its most recent quarter, if not for a hefty income tax bill of $5.6 million, the company would have landed in the black, as its pre-tax profits were $1.7 million.
Operating income of $4.3 million was a significant increase of 170% from last year's tally of just $1.6 million. With its calculated approach, Cresco has found a way to build and grow its operations throughout the U.S. without spreading itself too thin. Although Cresco did post a profit in 2018 with the help of changes in fair value, with Origin House posting some significant losses, it might not be as easy getting back to profitability once that acquisition is complete.
Why Cresco is a solid buy today
Cresco's share price has risen more than 20% year-to-date, but the stock is still fairly small at a market cap of just $1 billion, which is much smaller than other cannabis operators that are not as strong financially. At a price-to-sales ratio of less than 12, it's a fairly cheap buy compared to some of its peers. However, as its revenues continue to rise, Cresco might not be a cheap stock for much longer.


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US car-share app aims to cut ownership
US car-sharing firm Turo, described as "Airbnb for cars", is hoping to cut vehicle ownership.
The company, which has launched in Scotland, lets people rent out their vehicles to strangers online, while taking a cut of the proceeds.
It is one of several technology firms looking to get into what has become known as the 'sharing economy'.
Turo's UK boss Xavier Collins said it was trying to expand at a time when the future of the car was being debated.
Mr Collins, who used to work for ride-hailing app Uber and online food delivery firm Deliveroo, said: "The sharing economy is a really exciting space.
"There's obviously a lot of challenges - particularly in the early days when you're looking to build trust.
"What the success of some of these companies demonstrates is that, if you can get it right, then there's a huge opportunity."
Turo describes itself as the world's biggest car-sharing start-up technology company, with the company deciding to launch in Scotland due to demand.
It came as the Tech Nation annual report, in association with the World Economic Forum", said the UK technology sector took in £6bn of investment in 2018, with Scottish firms playing a key role in designing new products.
"We've always been interested in Scotland as a market," Mr Collins told BBC radio's Good Morning Scotland programme, adding: "Something we saw from the early days, there's always been a lot of searches here.
"If you think about Scotland and what it offers in terms of travel and the amazing drives you can do around the Highlands, it just made a lot of sense."
Mr Collins also told the programme: "Everyone's talking about, what is the future of the car?
"What I'm excited to see is this world where mobility is changing from one person relying on a car for the majority of their trips, to a world where - if you want to get around - you're tapping into your phone.
"Part of the goal is better utilising the cars we've got today. There's a billion cars in the world right now and they sit idle 95% of the time.
"By better utilising these resources, putting money in people's pockets, but also giving people access to them, more and more people will get rid of their car."
For the latest business news as it happens, follow BBC presenter Andrew Black's updates each weekday morning on BBC Radio Scotland's Good Morning Scotland programme between 0600 and 0900.


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ZURICH, SWITZERLAND — Barry Callebaut has opened a logistics point in Northeast Brazil as part of an operation expansion in the region.
According to the company, the venture will provide better shipping terms to partners since it will use a delivery route from Maceió, the industrial capital city of the Northeast Brazilian state Alagoas, and therefore will be closer in distance to customers in the Northeast region of Brazil, which include distributors and chefs. The company also said it expects for sales in the region to increase by approximately 20% due to more agile deliveries and a lesser need for customer inventory.
“Barry Callebaut is always looking for expansion opportunities to optimize access to our product range,” said Bruno Scarpa, commercial director of South America at Barry Callebaut. “The arrival in Maceió is another step in getting closer to our current and future customers.”The Barry Callebaut facility in the city of Extrema, located in the Southeast Brazilian state of Minas Gerais, will continue supplying the Northeast Brazilian state of Bahia, which encompasses two manufacturing plants for cocoa processing and a seedling nursery managed by the Cocoa Horizons Sustainability project, the company noted. All products in Barry Callebaut’s portfolio — including Callebaut, Cacao Barry, Mona Lisa, Carma and the Brazilian brand Sicao — will be stored in a support plant in Maceió.


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Despite several problems, Ubisoft continues to invest in the development of the game
Officially announced in 2017, Beyond Good & Evil 2 is a game that many of its fans have been waiting for. In addition to the game’s publicly troubled development, even its main developer – Michael Ansel – Retired from the gaming world that made him Many believed that the project would never be published.
However, this is confirmed by the insider Tom Henderson The game remains in active development and is on the verge of reaching its main production goal. Citing internal sources, Henderson said that Ubisoft should start soon Product testing stage He has hands with outside teams later this month.
“These playtests will be more extensive than Ubisoft’s standard one session per week that we’ve seen with titles like The Division Heartland, XDefinant and more.“, said the insider. However, he said that this This isn’t necessarily a sign that Beyond Good & Evil 2 is nearing its release date.
The future of the game is still shrouded in mystery
Although Ubisoft held a series of streams focused on the game’s development in the months following its official announcement, He stopped doing that a few years ago. With Ansel’s departure from the team, it was difficult to measure the level of development of the game, which It promises an ambitious search engine of galactic proportions.
Shortly after Ansel retired from the gaming industry, A report by French newspaper Libération said he was a toxic leader, which led to an internal investigation by Ubisoft – with results that have never been made public. The publication said at the time Beyond Good & Evil 2 was at least 7 years in “development hell” which currently lasts about 9 years.
– Continues after commercial –
Ubisoft revealed this this week Next week (10) will hold a new edition of the Ubisoft Forward event, which aims to provide details about his future projects. However, it’s still unclear whether the game will be there, and there’s a good chance that more well-structured titles will be preferred closer to their final release.
Thinking of purchasing a product online? Discover the Adrenaline Save extension for Google Chrome. It’s free and offers price comparisons at major stores and coupons, so you can always shop for the best price. Subscribe now.


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Scientists are working to ensure the electric vehicle (EV) batteries being sold today can be recycled in 2030 and beyond, when thousands of batteries will reach the end of their lives every day. EV batteries come in many designs, but generally share these components.
Can electric car lithium batteries be recycled?
While traditional lead-acid batteries are widely recycled, the same can’t be said for the lithium-ion versions used in electric cars. … “As a result of the recycling process, many different materials are recovered.
Are Tesla batteries recyclable?
Unlike fossil fuels, which release harmful emissions into the atmosphere that are not recovered for reuse, materials in a Tesla lithium-ion battery are recoverable and recyclable. … Any battery that is no longer meeting a customer’s needs can be serviced by Tesla at one of our service centers around the world.
How do electric car batteries get disposed of?
“Traditionally, battery recycling involves either burning them to recover some of the metals, or else grinding the batteries up and treating the resulting ‘black mass’ with solvents.” VW has plans for a cleaner, more efficient process.
What is the lifespan of an electric car?
Consumer Reports estimates the average EV battery pack’s lifespan to be at around 200,000 miles, which is nearly 17 years of use if driven 12,000 miles per year.
Why electric cars will never work?
Electric cars are severely limited by several drawbacks, including: A shortage of charging stations. High electricity costs. Disappointing battery capacity that limits the distance the cars can be driven between charges.
How much does it cost to dispose of a Tesla battery?
Tesla’s recycling partner, Toxco, charges $4.50 per pound of batteries. However, with the demand for EVs rising and increasing pressure on other automakers, recycling fees are down by 24 percent.
How much does a Tesla battery cost to replace?
Bottom line: the cheapest estimate for an out-of-pocket, uncomplicated battery replacement on the Model S should run at about $12,000-$13,000 for the battery, $100-200 for miscellaneous parts, and $500-600 for labor. This puts the grand total at around $13,000-14,000.
How long do electric car batteries last on one charge?
Most early electric vehicles (about 2011 – 2016) were capable of about 100 miles of driving before they need to be recharged. Current electric vehicles travel about 250 miles on a charge, though there are some, such as Teslas, that can do about 350 miles on a charge.


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Here ar 5 more cars and SUVs that will be coming in next month.
Jeep Wrangler petrol
When Jeep introduced its range in India, it only brought in diesel engines. Petrol versions will be introduced during the festive season. The Wrangler will thus get a petrol engine soon.
The motor in question is a 3.6 liter V6 one making 280 Bhp and 347 Nm. This will help reduce the pricing of the Jeep Wrangler a little from the existing price tag.
Jeep Cherokee petrol
Though the Cherokee has a petrol offering currently in the form of the SRT, those looking for a smaller petrol engine will soon have something to be happy about. Along with the Wrangler, the Cherokee will also be getting a petrol power house. The same 3.6 liter V6 engine on the Wrangler is expected on the Cherokee, and it makes 280 Bhp and 347 Nm. Which variant the vehicle will be introduced in is not yet known though.
Audi will launch their most powerful SUV, the SQ7 next month. The car is powered by a massive 4.0 liter twin turbo V8 diesel engine making 435 Bhp and 900 Nm. In addition to the twin turbos, there is also an electric compressor that has been added to aid the turbocharger and reduce lag. This takes the SQ7 from 0-100 in a brisk 4.8 seconds. In addition to that, the SQ7 will have a more sporty look to it with blacked out grill and new bumpers.
Mercedes S-Class Cabriolet
Along with the C-Cabrio, Mercedes will also launch its flagship drop top, the S Cabrio. The vehicle was showcased at the Delhi Expo earlier this year. Powering it is the 4.7 liter V8 engine that makes 443 Bhp and 700 Nm. This will be in the 500 guise. The S-Cabrio features the longest soft top to be seen on a Mercedes car ever. There is no competition to this vehicle as such in the Indian market.
The ‘Godzilla’ will finally be launched in India next month. Select customers have already had the chance to drive the cars and a few cars have already reached dealerships across the country. The GT-R will be priced around Rs 2.0 crores. Powering the GT-R is a 3.8 liter turbocharged engine making 570 Bhp and 637 Nm. The main improvement to the new car is the fact that it now gets much better interiors.


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Unclear – about retail trade in new tax regime – GST Law:
- unclear and confusing concept of retailing
- companies say retailers refusing to buy fresh stocks
- retailers want consumer firms to protect margins
A tussle has erupted between large consumer companies and organised trade just ahead of the introduction of the goods and services tax (GST) on July 1. Companies say that large retailers are refusing to buy fresh stocks starting June 26 till the month ends, while retailers want consumer companies to protect margins.
- retailers face the unclear details for retailing trade
- there is confusion among the trade about buying fresh stocks now
- there will be some wholesalers and retailers who will be out of stock for a while
- leading to a shortage of products on shelves
- while in the long term, GST is positive
- it will take about a quarter for things to settle down
- the transitory disruption is expected to stabilise by next quarter
- there is a significant thinning of the inventory pipeline
- since a lot of the trade is not buying new stocks just ahead of GST
A fortnight ago, the biggest names in the country’s organised retail sector — Future Group, Reliance Retail, Tata Group, D’Mart and Aditya Birla Retail — said they wanted consumer companies to protect their post-tax absolute margins instead of only the percentage after introduction of GST on July 1. GST will subsume the factory-gate levy, excise, thus reducing the absolute margins available to a retailer.
Most processed foods, home and personal care products, such as cookies, toothpastes, soaps and hair oils, will be taxed at 18% under GST compared with about 22% in the current indirect tax structure of excise duty and value-added tax (VAT). However, detergents, shampoos, and skin-care products will attract 28% GST.
Retailers, especially small retailers are still grappling with the unclear goods and services tax regime for retailing, which will come into effect from 1 July. With a few days left for GST to come into effect, retailers are still in the dark about the details and are refraining from restocking. However, it is unlikely to hit consumers yet.
GST, the most-talked-about tax reform of the NDA government that seeks to make India one market, subsumes a host of central and state taxes like excise duty, service tax and VAT, in the first year. However, media reports have said that many of the businesses are yet not ready for the rollout as the systems are not in place yet and has unclear details.
Retailers worry about not getting credit for their existing inventories once GST comes into force on 1 July.
- there is unclear impact of GST on retailers
- this has forced many to not stock up
- the reason is that most brands tend to corner the investment the retailers put into their inventory
- a tech-enabled demand sensing and aggregation platform that connects brands with retailers, especially small retail outlets and mom-and-pop stores
- the small retailer is worried about his margins and is now not refreshing his stocks.
- the GST has a four-slab rate structure at 5, 12, 18 and 28 percent
- the multiple rates bring complexity in interpretation and classification leading to tax disputes
- most retailers are still confused about the bracket that a commodity will be taxed under
- thus, under GST, the retailer is not clear about the slab the product will come under
Many retailers buy goods directly from the wholesalers while some do it indirectly. What they would like to know is whether they can take CENVAT. This is in respect of central excise on inputs purchased for the manufacture or duty paid in relation to the manufacture of the final product.
Small retailers especially are worried about the international HS Code, developed by the World Customs Organisation. It refers to Harmonised Commodity Description and Coding System. HS Code has around 5,000 commodity groups with every single of them identified by a six digit code. Over 200 countries and economies use it as a basis for their Customs tariffs and for the collection of international trade statistics.
Under GST, HS code has several chapters and most small retailers do not yet know under which category they will be taxed and hence are very uncomfortable about it.
The Confederation of All India Traders (CAIT) has also requested the government to suspend implementation of e-way Bill and HSN Code for six months. The traders body wants the government to sit with traders to iron out initial difficulties in compliance.
CAIT has asked the government to clarify which products will come under the ambit of unbranded goods, saying that a lot of confusion has erupted over it among traders.
According to CAIT, stocks pertaining to the period up to the previous one year from date of GST implementation only considering for availing input credit. Allowance of full input credit of Value Added Tax on such stock.
Earlier VAT was not applicable to sellers with a turnover below Rs 10 lakh per annum and now GST law expand it to include below Rs 20 lakh per annum. Under VAT, the Rs 10 lakh limit only applied for transactions which were within the same state of VAT registration. There was hoping that under the new GST law the sellers below Rs 20 lakh limit will also be able to now sell to any state as GST claims to be “One nation one tax” tax law. But this is not clear in the GST documentation provided so far.
The announcement of GST has increased the administrative cost for the textile industry. Although, GST has increased the tax rate, on the other side it has now allowed claiming input credit which may be between 6–9 percent. The textile industry is the second largest industry in India which provides skilled and unskilled employment. Though there is no excise tax on ready-made garments, the industry was still paying VAT of 5.5-6 percent and 7-7.5 percent for garments above Rs 1,000. The difference in the tax rate offset by embedded tax credit. Presuming the prescribed tax rate is higher than the current rate, it would be best to keep the existing stocks at a minimum since input tax credit on the current stock would be available at old rates but future supplies tax at higher rates.
As the government unrolls its much-awaited and also contentious programme, it is not just the small retailers who are on tenterhooks. The government’s one-tax-one-regime has also some of the big names in retail in a flux. All we want is that our margins should be protected under GST. “Wholesalers have agreed to pass on the benefits that they get from GST to the consumers, but we would reiterate that consumer companies should protect our post-tax absolute margins instead of only a percentage after introduction of GST on July 1.
- Upto 60 per cent off on clothing, apparel and footwear from top brands
- Sellers at Kraftly, Kartrocket’s C2C marketplace, is offering discounts to liquidate their inventory.
- It has seen tardiness in sellers to add new collection in their inventories.
- Given the confusion, retailers’ worry about incurring losses is understandable.
- They are selling items at deep discounts in a bid to clear inventories before the new regime kicks in.
- Online as well as offline retailers are running major sales, while apparel is one of the biggest categories here.
- Brands like Puma, Reebok, Vero Moda, Only, Jack & Jones among others are offering steep discounts on clothes and footwear.
With the Goods and Services Tax (GST) roll out just few days away —-
- several fashion and sports brands are holding clearance
- and end-of-season sales to sell out current stocks
- before the new tax regime kicks in.
- Some of the biggest clothes and footwear brands
- are offering steep discounts on various products
- and if you’re an avid shopper,
- you will want to take advantage of this particular opportunity
- to save money on premium buys that you won’t regret.
GST is the reason that retailers are hustling to clear stocks before July 1, and shoppers are sure to benefit from this sudden sale season. Some of the major retail chains, online and retail stores, as well as online shopping websites are offering as much as 40 to 50 per cent discount on some of the top clothing, apparel and footwear brands like Puma, Bata, Only, Jack & Jones, Vero Moda, etc.
Top online shopping websites like
- Amazon and
- others are also holding end of season sales on fashion products, clothes and footwear.
There are heavy discounts on fashion accessories like
- watches and jewelry,
- as well as hand bags, and
- electronics like smartphones, etc.


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Apple Seeing Continued Strong Mac Sales on Little Cannibalization by iPad, iPod Sales Remain Lower
Silicon Alley Insider reports
that Piper Jaffray analyst Gene Munster has released a new research note looking at NPD's data for Mac and iPod sales for April and May. According to Munster, Apple is continuing to see strong growth of Mac sales ahead of analysts' expectations, with little cannibalization by the iPad seen so far. The iPod, however, is still underperforming relative to Wall Street expectations, although sales seem to have improved since an earlier survey
covering only April's data.
Mac retail sales in the U.S. are up 37% year-over-year for the quarter through May, according to NPD Group data analyzed by Piper Jaffray's Gene Munster, who just published the new data in a note.
That's better than the 19% year-over-year growth (3.1 million units) the Street is predicting for the June quarter. So unless Mac sales hit a wall in June, Apple should have some Mac upside in the June quarter, plus all the benefit of the iPad.
The earlier survey covering only April had shown Mac sales up 39% year-over-year, with the new report adding in May data showing only a slight slip in overall growth for the quarter from the earlier data, but still nearly double that currently expected by Wall Street analysts.
The iPod line is a different story, however, as the maturing product line is being overtaken in sales and publicity by the iPhone as strong sales of the iPod touch are only just struggling to offset declines in the traditional iPod segment. NPD's new data shows a decline of about 13% year-over-year in the iPod line, roughly in line with Wall Street expectations of sales of 9-10 million for the quarter and slightly worse than Munster's prediction of a 9% decline. The 13% decline marks an improvement from the April data alone, however, which showed iPod sales down 17% year-over-year. Munster also notes the NPD's data, which tracks only U.S. sales, is less reliable for iPods than Macs due to the higher mix of international sales for iPods.
Apple today launched its annual "Back to School" promotion for college/university students in the United States and Canada. This year's promotion offers a free Apple gift card with the purchase of an eligible Mac or iPad, rather than free AirPods like last year. Apple is also offering students 20% off AppleCare+ plans during the promotion.
Apple is offering a $150 gift card with the purchase ...
CEO Tim Cook this week did an interview with China Daily, where he once again commented on on the future of augmented reality and hinted at Apple's work on an AR/VR headset. Render via designer Ian Zelbo Cook said that Apple is excited about the opportunities available with augmented reality, which is not too far off from prior comments that he's made, but he went on to say that people should ...
The next-generation AirPods Pro could come with a long list of new features that include heart rate detection, the ability to function as a hearing aid, and a USB-C port according to a report from 52Audio.
The site claims that it has received new information on the AirPods Pro 2, and it has used that information to provide some renders on what the earbuds might look like. Design wise, there...
Apple today seeded the second betas of iOS 16 and iPadOS 16 to developers for testing purposes, and the new betas introduce new features and refine some of the changes that Apple made with the first iOS 16 release.
Subscribe to the MacRumors YouTube channel for more videos. Lock Screen Photo Wallpaper Customization
When customizing a photo on the Lock Screen, there are two new DuoTone and...
The iPad will no longer be able to be used as a home hub following the launch of iOS 16, iPadOS 16, macOS Ventura, and the HomePod 16 software this fall, Apple confirmed today.
As discovered in iOS 16 code by MacRumors contributor Steve Moser, Apple says that the iPad will no longer be supported as a home hub. This information will be displayed in the Home app after updating to iOS 16.A home ...
Apple is "likely" to announce its long-rumored mixed-reality headset as soon as January 2023, Apple analyst Ming-Chi Kuo has reiterated.
Concept render based on purported leaked information by Ian Zelbo In a detailed post on Medium, Kuo explained that Apple's headset will be a "game-changer" for the augmented-reality and virtual-reality market. Describing some of the headset's...


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This is a quite bold and unprecedented move. FIFA and adidas are partners for over 60 years with a contract running until 2030, the 3-stripes have been very cautious when communicating on FIFA corruptions allegations.
While a number of other major sponsors, such as Coca-Cola and VISA, have called on FIFA chief Sepp Blatter to go, adidas has so far taken a more conciliatory tone.
Herbert Hainer said: “If FIFA succeeds in reforming itself — and in my view they’re making good progress here — then we will continue,” Hainer told the German business daily Handelsblatt. But if FIFA fails to get its house in order, “we will have to think about what the alternatives are,”.
FIFA has been hit by various corruption charges, particularly focused on the bidding process for the 2006 World Cup. FIFA President Sepp Blatter – currently suspended by the organization’s ethics committee – is stepping down in February.
Hainer also said adidas has examined all contracts touched in the investigation against several former and present leading FIFA executives and “I can say with a clear conscience that we are clean”.
Adidas declined to join other sponsors such as Coca-Cola and Visa in calling for Blatter’s immediate resignation in summer, but did say reform was needed.
In late November, top FIFA sponsors, including Coca Cola Co., adidas, Visa Inc., Anheuser-Busch InBev NV and McDonald’s Corp., published an open letter directed at FIFA’s decision-making executive committee urging global soccer’s governing body to employ “independent oversight” around the reforms. [Source: Sports One Source]


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Energy Future Holdings got good news and bad news in Chapter 11 bankruptcy court this month.
The Dallas-based power giant got approval from a judge for $5.4 billion in bankruptcy loans that it will use to refinance its senior bonds.
Not all the bondholders agreed, with the majority vowing to take EFH to court.
EFH also postponed a second restructuring hearing from June 30 to July 18.
The restructuring plan would hand over ownership of Texas Competitive Electric Holdings, which owns Luminant, the power generator, and TXU Energy, the retail electric provider, to senior creditors, according to Reuters. EFH’s crown jewel is Oncor, the regulated electric delivery utility company that has ring-fence protections that insulate it from the bankruptcy.
The hearing, which has been delayed before, buys EFH more time to put its disclosures together, Reuters reported.


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Everyone is gushing over the Blue Moon diamond, a jewel that is set to become the world's most expensive.
That is, if it can fetch the $46.2 million price tag Sotheby's is hoping for, CNBC reported. That question will be answered this fall, when it goes on the auction block in Switzerland.
The Blue Moon diamond was discovered in January 2014 at a mine in South Africa called the Cullinan Mine. When it was plucked from the ground, it was 29.62 carats in its rough form, the Daily Mirror added.
Cora International, based in New York, bought the jewel and took six months to cut and polish it to its current 12-carat cushion shape; it's the largest of that style to ever appear at auction.
Its rarity has inspired plenty of hype since it was found, and the chairman of Sotheby's jewelry division, David Bennett, said the hype is "totally justified." He can't stop gushing over the stone, calling it "simply sensational."
"Weighing in at 12.03 carats, (it) is a simply sensational stone of perfect colour and purity, combined with a superb cushion shape. Blue, for me, is the most mysterious and magical of all the colours of diamond, and the Blue Moon will now take its place among the most famous gems in the world."
In fact, the diamond's name is a tribute to that rare beauty, taken from that oft-repeated idiom.
But it's also officially perfect -- the Gemological Institute of America has declared it "internally flawless" and given it a rating of Fancy Vivid Blue, which is pretty much the highest grade one can hope for.
So where exactly does this lovely hue come from? It's all a matter of atoms.
According to Quartz, diamonds are usually clear because they're made of carbon, which is colorless. When the gem is colored, that's a sign that some other ingredient got into the mix or the structure was damaged, and often that makes it less valuable. But when those impurities give the diamond a deep color -- rather than make it muddy -- that's when it becomes as rare as the Blue Moon.
In this jewel's case, boron has taken the place of some of the carbon atoms in its lattice-like structure. This makes it absorb red light; therefore, white light passing through a diamond containing boron comes out blue. But this isn't the rarest color -- pink and red earn that title. It's believed that the stress of being pushed up through the earth damages the structure, giving it that rarest of hues. Green, black, orange, and purple are also rarer than that pretty ocean-colored tint.
In fact, one of those much-rarer pink diamonds currently holds the record for the world's most expensive. It was called the Pink Graff and sold in 2010. Before the Blue Moon Diamond goes on the auction block on November 11 in Geneva, it'll make appearances in Hong Kong, London, and New York, the Local added.
Click here for photos of the gem.
[Photo Courtesy YouTube Screengrab / Sotheby's]


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It has been barely a couple of months since Apple's latest product, the Apple Watch was launched online, and even before it is universally available, there are rumours that the Apple Watch 2 will be ready for release as soon as next year.
What we know so far is that the Apple Watch 2 will be more user friendly and functional that what is currently offered in it's current form. 9to5mac has cited "multiple sources" that have said that the Apple Watch 2 will feature a camera, making FaceTime calls on the Watch a possibility. The Watch 2 will also be able to be function more independently, and not as reliant on a connected iPhone.
Expanding a little on this, there are rumours of the Watch 2 being able to handle simple communication tasks independently from a connected device.
Despite the improved functionality, it would seem that Apple haven't been able to remedy the poor battery life of the current Watch, the the Apple Watch 2 will likely feature a similar battery.
To find out more about the current Apple Watch you can read our hands on review of the Apple Watch here.


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Aston Martin has a history of building stylish and comfortable cruisers but the company recently announced plans for a mid-engine supercar that will slot beneath the Valkyrie.
Little is known about the model but Aston Martin CEO Andy Palmer recently sat down with Autoblog and provided a few new clues about what to expect.
As part of the discussion, Palmer said he believes the Ferrari 488 GTB is currently the best car in its segment and noted "we're going to take it on." In order to compete with the storied automaker, Aston Martin has hired "three of Ferrari's key guys" including their former heads of powertrain and body structures.
Palmer went on to say the company has already made eight quarter-scale clay models of the car and he's particularly fond of one design. He also revealed he has a pretty good idea about what the Ferrari 488 replacement is going to be like so the company is taking that into consideration.
The Ferrari 488 competitor is one of several models under development as the company is also working on the new Vantage and DBX. There have also been rumors about a new Vanquish which will reportedly be based on the DB11.


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MedMen Enterprises Inc. has announced Roz Lipsey as their new Chief Operating Officer, succeeding interim COO Tim Bossidy. Ms. Lipsey has been Senior Vice President, Business Operations at MedMen since 2020 and has more than 25 years of operational experience. Her focus has been business start-ups, strategy, and scaling.
Previously, Ms. Lipsey had been President of a vertically integrated Arizona-based cannabis operation. She had successfully scaled its cultivation, manufacturing, wholesale and retail businesses before its acquisition by MedMen. She also held leadership positions at the Foreign Agricultural Service, Jokake Companies, and Volkart/Anderson Clayton.
MedMen CEO Tom Lynch praised Lipsey’s tenure as Senior Vice President, Business Operations describing her leadership as “sharp” and “results-driven” with a deep understanding and strong grasp of the “inherent complexities of a fast-growing multi-state cannabis operation.”
“Her expertise and experience in this sector will be invaluable in this new phase of progress and momentum,” said Lynch.
Interim COO Tom Bossidy will return to his role as Senior Director at Sierra Constellation Partners. Lynch had praise for him also.
“In his role as interim COO, Tim Bossidy has played a critical role in the implementation and acceleration of MedMen’s turnaround plan,” said Lynch. “He leaves us well-positioned to execute with a laser-focus on driving profitability, rapidly expanding to new markets, and delivering the industry’s premier retail experience.”
Just this past July, Mr. Lynch became CEO of MedMen with hopes of pulling them out of their financial doldrums. An extended period of risky financial moves left the company with dangerous amounts of debt. Lynch has a reputation as a “turnaround specialist” (David’s Bridal and Frederick’s of Hollywood, to name two businesses he rescued), leading companies away from the brink of financial ruin and back of the path to financial security.
MedMen is an American cannabis retailer with an operational footprint in California, Nevada, Illinois, Arizona, Massachusetts, and Florida. MedMen offers a selection of high‐quality products through its retail stores, proprietary delivery service, curbside pickup, and in‐store pickup.


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Samsung Display has been working on managing its customers since it announced its plan to withdraw from its LCD business. Vice-President Choi Joo-seon of Samsung Display who leads the large panel business sent letters to Chinese customers and explained to them about Samsung Display’s plan to withdraw from its LCD business and presented them with new ways of collaboration.
According to the industry, it is heard that Vice-President Choi Joo-seon of Samsung Display who oversees Samsung Display’s large panel business and QD (Quantum Dot) business sent letters to Samsung Display’s key customers from China and informed them about Samsung Display’s plan to stop supplying LCD panels.
“We explained to our Chinese customers about a very important decision we made based on business strategy.” said Vice-President Choi. “We have made major losses from our LCD business as the global large LCD panel market has gone through a recession for the past few years.”
“In order to overcome this crisis and to secure competitive edge within the global large panel market, we started investing in QD display since October of last year.” said Vice-President Choi. “We are going to stop producing large LCD panels after this December and accelerate our QD display business instead.”
Samsung Display recently announced that it would stop producing LCD panels and shift its production towards QD display. As Its profitability and business value in LCD has fallen off as LCD prices have continued to drop due to excess supplies from Chinese companies. This decision was made in just 15 days after Vice-Chairman Lee Jae-yong of Samsung Electronics visited the Asan complex on March 19th and examined business strategies.
It seems that Vice-President Choi sent letters to Chinese customers in order to prevent any disruption to their operations and to look for new ways of collaboration by informing them about Samsung Display’s plan to shift its production towards QD display. Chinese TV makers such as Hisense, Haier, TCL, Changhong, and Konka currently use Samsung Display’s LCD panels. Samsung Display can secure continuity and a steppingstone for growth when these companies start producing their products using QD display.
“Because we believe that out decision to withdraw from LCD business will have an impact on your business, we are going to discuss about possible amounts of quarter supplies and timing for discontinuation.” said Vice-President Choi through his letters. “We hope to continue to have collaborations even after we stop producing LCD panels in order to achieve new innovation.”
It is expected that Samsung Display will present a detailed plan of converting production of LCD panels into QD displays.
Samsung Display is going to focus on the “Q1 line” that is a QD display production line. The Q1 line will replace Samsung Display’s current Gen 8 LCD production line. Considering the fact that the Q1 line is expected go on operation next year, it is likely that Samsung Display will clean out the Gen 8 LCD line by end of this year. Samsung Display sent major equipment and systems from the 8-1 line to a Chinese LCD module maker called Efonlong. It is expected that Samsung Display will actively push for selling low-generation LCD production lines located in Suzhou and others.
Staff Reporter Yoon, Heeseok | firstname.lastname@example.org


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If you’re not already signed up to Tile Giant’s trade rewards scheme now is the time to join over 30,000 fellow tradesmen and women who have signed up to receive a whole raft of offers and incentives from the national tile retailer.
The scheme, which launched just five months ago, already has over 30,000 members enrolled, which is a big achievement for Tile Giant who redesigned the scheme this year to better support tilers across the UK.
Tile Giant have partnered with a selection of influencers to promote the scheme to a wider audience. Builder, Ryan Belcher and landscaper, Phil Rzonca will be busy promoting the new scheme to builders, contractors, landscapers and outdoor tile / patio fitters to highlight the vast range of premium 20mm outdoor porcelain tiles (Phil) and fixings, tools and accessories (Ryan).
Kamila Swiatecka, Head of Marketing and Brand at Tile Giant, comments: ‘We are thrilled at how popular Tile Giant’s loyalty scheme has been and hope it continues. The scheme was built around the needs of our tilers to ensure it was relevant and useful. Feedback has been fantastic so far, but we still want to get more traders onboard so they too can take advantage of the discounts and offers every day. We’re committed to developing strong working relationships with our trade customers and will constantly keep the scheme under review so that it’s the best on the market.’
Available online and instore, the scheme offers 20% discount on all tile and flooring ranges, together with 10% discount on all fixings, accessories and tools. Members can also get exclusive access to trade VIP events and promotional offers throughout the year.
The loyalty scheme offers real cost benefits to trade customers, to make individual jobs more profitable for the tiler, and quotes more attractive to end consumers. Backed by a price promise, the scheme guarantees it won’t be beaten on price and is the result of an extensive benchmarking project against existing trade and retail price incentives to ensure that all Tile Giant trade customers receive the best deal.
To take part, all tradespeople are invited to pop into their local Tile Giant store to sign up, or visit the website for further info on how to join online.
For more tile information, please visit www.tilegiant.co.uk/trade


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4 Mins Read
The dairy-free cheese alternative market is huge and it’s growing fast. Analysts expect the global plant-based cheese segment to double from its current US$2.7 billion to over US$4.5 billion by 2025, and with as many as 4 in 10 consumers worldwide now flexitarians, even big food corporations like Bel Brands to Danone jumping to launch their own animal-free cheeses.
But the majority of brands on the market are offering alternatives based on nuts, such as cashews* and almonds*. There’s now a new crop of companies looking to do something different, ditching nut-based recipes for unusual ingredients like cauliflower, sunflower seeds, fava beans and more, to create their just-as-delicious animal-free cheeses. Let’s take a look at five startups who are changing the game.
Grounded Foods is all-in on ugly cauliflower and hemp
Los Angeles-based Grounded Foods makes their nut-free, soy-free, plant-based cheeses out of cauliflower and hemp seeds. What’s more, they source “ugly” ones from local farms to help cut down on food waste and ensure their products are as sustainable as possible. Just landed on the market in March, the startup’s vegan and keto-friendly range boasts three products: Marinated Hemp Seed Goat Cheese, Hemp Seed Cream Cheese and Cheese-Free Cheese Sauce.
Stockeld Dreamery makes feta from peas & fava beans
Stockeld Dreamery, the Swedish startup that recently rebranded from Noquo Foods, has chosen pea protein and fava beans as their star ingredients. Their first product, a 100% plant-based feta cheese, took hundreds of iterations to develop and is made through a fermentation process. The end product is a totally nut-free, vegan feta alternative that rivals the nutrition, taste and look of the real deal, and will soon be making its first debut in Stockholm via a foodservice launch.
Change Foods is changing it up with recombinant proteins
The first and only fermentation dairy startup with a base of operations in Asia-Pacific, Change Foods is an U.S.-Australian food tech using microbial precision fermentation or recombinant technology to make their animal-free cheese. Still in R&D stage, the startup is working to create lactose-free dairy alternatives that are bio-identical to real dairy-based cheeses. Fuelled by US$875,000 in seed funding, Change Foods is currently scaling up its tech, expanding its team and preparing to launch its initial animal-free cheese prototypes.
Spero Foods’ cream cheeses are powered by sunflower seeds
Spero Foods is ditching nuts for sunflower seeds, all in the name of making plant-based dairy affordable to all. Founded by former Cornell University researcher Phäedra Randolph, who believes that the use of nuts as the primary base for vegan cheeses is making it “prohibitively expensive” for mass consumers, Spero Foods is making their nut-free cost-comparable range of cream cheese out of sunflower seeds, agave, coconut oil and natural flavourings like cinnamon, strawberry powder, herb blends and spices.
Climax Foods is all about the data
Berkeley, California-based food tech Climax Foods is basing their cheese on one primary technological ingredient – data. The startup, the brainchild of former Google, SpaceX and Impossible Foods scientist Dr. Oliver Zahn, is harnessing data science and machine learning frameworks to find out the perfect formulation to create the most delicious plant-based cheese. Taking home US$7.5 million in September last year, the company is now hard at work to develop a vegan-friendly alternative to aged cheese – and we can’t wait to hear about what will no doubt be a unique ingredient list.
*Botanically cashews and almonds are classified as seeds due to the fact that they grow inside their respective fruits, but in common parlance (and in culinary and food circles) they are grouped as nuts, see: Wikipedia.
Lead image courtesy of Stockeld Dreamery.


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Apple co-founder Steve Jobs has stepped down from his position as CEO of the company and Tim Cook, Apple's chief operating officer, has been named to take the helm, Apple announced Wednesday.
Apple will post two bumper quarters for iPhone production in the second half of 2011, according to FBR Capital Markets analyst Craig Berger.
Here is the text of a letter sent by Steve Jobs to Apple employees, as he announced his resignation as Apple's CEO on Wednesday.
To those who know their IT outsourcing history, GE and offshoring are practically synonymous.
No one likes to address workplace conflicts -- not the employees who get embroiled in them and especially not the employees' managers, who pretend they don't exist. After all, conflict is messy, often political, and requires confrontation -- an activ...
Microsoft said on Tuesday it will work with a Chinese operating system developer to create cloud computing products for the country's market, a move that could help the U.S. company sell to China's government agencies.
Business continues as usual for Hewlett-Packard's PC unit, which will continue to support and sell products as the company explores options to spin off or sell the Personal Systems Group, HP said on Monday.
Six months after laying out his "strategic vision" for HP, CEO Leo Apotheker took the actions to realize it. And abandoned the mobile computing space.
With Hewlett-Packard (HP) likely spinning off its PC manufacturing business, other major vendors will almost certainly be looking for a way to get a bigger piece of the hardware pie.
Some retailers sold out remaining Hewlett-Packard TouchPad tablets in just a few hours on Saturday after heavily discounted prices attracted buyers to the last remaining units of the soon-to-be defunct tablet.
Hewlett-Packard may struggle to attract buyers for its Personal Systems Group (PSG), which might carry too high a price tag in a PC market struggling under the onslaught of tablets, analysts said.
Against a backdrop of economic uncertainty, acquisitions and earnings news from the world's top PC makers (Hewlett-Packard, Dell and Lenovo), the biggest Internet business (Google), and a major handset maker (Motorola Mobility) marked major realignme...
Hewlett-Packard's sale or spin-off of its PC business will put pressure on Microsoft to "hit the ball out of the park" with Windows 8, an analyst said today.
After stringing together record-breaking quarters, bull-rushing the smartphone industry, creating a market-rattling tablet, and earning the title (at least for a little while) as the biggest company in the United States, Apple now has plans to reward...
After pulling the plug on its webOS phones and tablet computers Thursday, Hewlett Packard said it expected to be less profitable than expected during its current fiscal quarter, which ends Oct. 31.
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Samsung is expected to launch the Galaxy X at some point next year. The device is supposed to be Samsung’s first foldable smartphone, a new form factor that’s going to become more popular down the road. After all, we’ve probably hit peak smartphone design for the time being. The display can’t be extended any further without increasing the size of the device. But a foldable handset would let us carry a tablet in our pockets.
Samsung has a real chance of becoming the first smartphone maker in the world to make a foldable device that we actually want to use. But I’m really hoping it won’t be an ugly phone like the ones that already exist. But Samsung is not alone, and Microsoft may be working on something similar — or perhaps something even better.
For years we’ve heard that Microsoft is working on a mythical Surface Phone device, the kind of smartphone that will compete directly against the iPhone, the Pixel, and the Galaxy S series. Rumors persisted even after Microsoft killed off its mobile business.
That Surface Phone may end up being a foldable device that will allow the user to seamlessly transition from smartphone to tablet mode while using a mobile operating system that’s compatible with Windows 10 apps.
Microsoft is far from announcing anything for the time being, but The Win Central, a blog that has been following Microsoft’s moves, surfaced various patents that show what Microsoft is working on.
As you can see in the image above, this Surface Phone has the potential to be as ugly as that device we spotted in a Samsung foldable smartphone patent a few days ago. But it also has the potential to be great. Let’s look at a different image:
Imagine that with an all-screen design:
The display will be the key aspect of a foldable device. It’s what will make or break such devices. I’d want the screen to occupy almost the entire surface of the gadget, both when it’s used in smartphone mode and in tablet mode. I want the transition to be seamless between the two modes. That’s why I hate designs like the one Samsung imagined in this patent:
But if Microsoft somehow manages to turn a similar concept into an all-screen smartphone/tablet, complete with Windows 10 support on top, then the Surface Phone could certainly be a worthy Galaxy X adversary.
In addition to these images, rumors say the Surface Phone is Microsoft’s revival of the Courier foldable tablet. The device will run an “Andromeda” operating system, or a custom version of Windows 10. It’ll also be stylus-friendly and it may be built on top of Qualcomm’s Snapdragon 845 platform. As for the overall size, each screen will apparently be slightly larger than 6 inches, which should definitely make the Surface Phone a pocketable tablet.


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Maine could become the first state on the East Coast where medical marijuana is grown to standards like those for certified organic foods.
A new program to create an organic certification system for MMJ in Maine could be rolled out by next summer. If so, the market for certified organic marijuana could be significant if Maine voters approve a ballot measure this fall legalizing recreational MJ. Polls suggest the initiative will pass.
Launched by the Maine Organic Farmers and Gardeners Association, the Certified Clean Cannabis program is undergoing a yearlong trial phase in which five MMJ cultivators in the state have been certified as organic growers, the Portland Press Herald reported. Together, the five paid the association $3,000 for initial certification.
It’s the first such program on the East Coast and one of the few nationwide to establish standards for cultivating medical cannabis without potentially harmful chemicals, the Press Herald reported.
The organic standards require soil-based production and that farmers use organic products or methods to prevent or eliminate pests and mold. Hydroponic cannabis is not considered organic, under the standards. Growers must also fill out surveys about their growing practices, and undergo site inspections by independent inspectors, according to the Press Herald.
While marijuana’s status as a federally illegal drug prevents it from receiving a federally approved USDA organic certification, many growers tout their products as organic anyway.


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Currency can be exchanged electronically using debit cards and credit cards using electronic funds transfer at point of sale.
Shares 35 Last updated on June 9th, at The internet retail behemoth, now synonymous with e-commerce, looks set to resolve the major issue with shopping on the web — not being able to try things on before buying them.
No matter where you are, you will be able to try on their products using Apple and electronic commerce patented tech. Augmented reality presentation, Amazon Technologies Inc.
This patent revealed a complex augmented reality system that would allow users to project images to the rest of their environment by using nodes set up around a room. Another patent, released at the same time and paired with this one, would allow customers to manipulate objects and projections by doing gestures and motions, much like the Microsoft Kinect.
For instance, a user within the environment may request that the technology project a particular electronic book that the user wishes to read. The reason for augmented reality in retail is very clear: Amazon is not the first or only brand to make the concerted move into augmented reality to solve the costs of returns and the inability of customers to try things on at home or physically see items before they buy them.
Sephora, a cosmetics retailer, uses ModiFace augmented reality technology to let customers upload a selfie and then use it to see how certain cosmetics would look on their own face in real time. Eyewear seller Warby Parker uses a similar technology to let their online shoppers try on glasses before they make a purchase.
In fact, Amazon is not even the first company with its eyes on creating a shopping experience where you can try on anything, at any time, anywhere. UK-based online retailer Metail gives customers the ability to render a 3D model of themselves that they can then use to try on different kinds of apparel.
After launching the technology, Metail did research to discover how successful it was and found an 8. And in a survey done by Walker Sands of over 1, consumers, 35 percent said they would shop online more if they could interact with products through virtual or augmented means.
The biggest upcoming splash in the sphere of augmented reality is likely to be the iPhone 8 release, which is rumored to built around and fully integrated with AR. Along with this, Apple performed a demo at WWDC with the iPad that showed them place a projected image of a coffee cup on a table.
The demo combined with the rumors and the impending launch of ARKit shows that Apple is dedicated to augmented reality and giving developers — many e-commerce — the ability to easily implement and capitalize off augmented reality.
The first company to make real waves in regards to AR was Magic Leap. The company, mostly unknown at the time, released a video in that demonstrated what the future of augmented reality technology could look like. Despite not having released a product, Magic Leap is the most successful AR company in terms of fundraising.
As of today, the likes of Apple, Google, Amazon, Intel, Disney, and other giants are investing huge sums of money into augmented reality while at the same time gobbling up smaller augmented and virtual reality companies to join forces with.
With both consumers and massive businesses showing interest and investment in AR and it no longer being seen as just a gaming utility, the future is bright and the science fiction future it will remind of us is not too far off.
But investments by Amazon and other smaller online retail sites into augmented reality are a glaring sign of its potential and viability when it comes to e-commerce.3 days ago · Kering (timberdesignmag.com) is implementing several initiatives to boost its digital strategy, including taking more control of its e-commerce operations, working with Apple Inc.
AAPL, % on apps and.
Electronic commerce or ecommerce is a term for any type of business, or commercial transaction, that involves the transfer of information across the Internet.
It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. Pay with your CIBC credit card or debit card using your Apple device in-store, in-app or on the Web with Safari.
Discover a simple, secure way to pay. The time-lapse video shows the launch in a minute and a half. timberdesignmag.com, Inc., doing business as Amazon (/ ˈ æ m ə ˌ z ɒ n /), is an American electronic commerce and cloud computing company based in Seattle, Washington, .
Apple Pay works with many of the major credit and debit cards from the top banks. Just add your supported cards and continue to get all the rewards, benefits, and security of your cards.


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David McDonald, President and COO of OSI Group, has been part of the growth of OSI Group, one of the largest food providers in the world, in China. The company has been successful in the region establishing meaningful partnerships and serving a variety of customers. Its success in China has been attributed partly to understanding the local. Targeting institutional and other customers, the company recognized the importance of understanding its customers and their needs. Afterward, it would design solutions applicable to the customers in the region.
In an interview, Mr. McDonald was featured saying that the company had to be flexible to stay true to its principles. OSI Industries focused on food safety and quality as they looked to increase its presence in China. It figured out that is the best way it could satisfy the needs of its customers. Additionally, OSI Industries sought to understand the business culture in China. David McDonald recognizes the importance of learning a region’s business culture embarking on a journey to serve them. It listened to Chinese consumers and tailored solutions to meet their needs.
According to David McDonald, one thing they have learned while operating in China is the importance of appreciating the region’s business culture. You will realize that people do business with individuals and entities they can trust. Venturing into the China market, OSI took time to gain the trust of Chinese consumers. The senior executive said that it took patience to understand how the food industry in China operates and what consumption habits in China. They learned from the local people and that has helped them to thrive in the market. Mr. McDonalds traveled across the company’s facilities in China talking with their teams about how best to serve the Chinese consumers and finding out the issues they are facing.
OSI Group embraces a culture of partnering with suppliers, customers and governmental agencies. It partnered with the Chinese government as it tried to approve its procedures. It stayed transparent and worked to demonstrate to the government agencies what they aimed to accomplish. The company has been able to partner and build business relationships with organizations to help in venturing into new markets.


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High winds and rain also put paid to some exhibitors' hopes as a number of stands were damaged at the turf care and open-space management exhibition held at Windsor Racecourse last week.
The show attracted 9,500 (unaudited) visitors - similar to last year - but exhibitors reported good business. BLEC managing director Gary Mumby said: "Windsor was a terrific show for us. We sold eight machines and took dozens of solid enquiries."
This year's show also saw a huge number of new products launched including 15 new machines from Etesia. Interest was shown in the latest robotic mowers from Etesia and John Deere and in a remote mower from McConnel. A prototype ride-on triple-flail mower from Ransomes Jacobsen also attracted much attention.


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Picture walking up to a digital banking kiosk, opening up an account, and subsequently receiving your personalized debit card almost immediately. Take a trip to the other side of the world, and you’ll discover that this is now a reality. But is there a place for something like this in the United States?
Middle-East banking group Emirates NBD announced, unveiled and rolled out digital banking kiosks in the United Arab Emirates recently, taking the digital banking world by storm in the Eastern Hemisphere.
Banking has been evolving digitally and a premium has been placed on innovation (BBVA Chairman Francisco Gonzalez’s “We have to be prepared to compete with the digital giants” quote comes to mind). But Emirates NBD’s newest venture gives customers in that part of the world a new side to banking.
The kiosks reportedly boast the following features:
- A platform to open accounts and obtain a personalized debit card instantly.
- An option to request a new check book.
- A way to update personal details and apply for a personal loan.
- A biometric signature pad to complete transactions.
- A cash recycler and coin dispenser for withdrawals.
This specific product has yet to reach U.S. shores. According to one banking expert with an extensive professional background in retail and ATM banking, it would be wise to not hold your breath.
Are U.S. consumers ready for this product? Will they ever be?
Andres Cueto is BBVA Compass’ Corporate Regional Real Estate Director, but previously served as the bank’s director of ATM Channel and Branch Strategy & Design. Filled with a wealth of knowledge in retail strategy, he has spoken at multiple events, including Future Branches conferences in various cities.
We’re trying to merge digital experience with customer need.
“I’ve spent a lot of time in recent years trying to figure out how to bring different technologies to the bank for a better customer experience,” he says. “We’re trying to merge digital experience with customer need.”
But on the topic of digital banking kiosks, and in a twist of sorts, Cueto had an outlook that might surprise customers who rely on digital for their banking needs.
“We want to provide value to our customers,” Cueto said. “We’ve found that as more customers use our digital tools, the more they visit our branches for different reasons. Our employees show them how our digital services function and highlight features that could make banking easier. But at the end of the day, while transactions are on a downward trend, branches can function for a different, but important purpose.”
In Cueto’s mind, digital banking kiosks would make this necessary concept obsolete, as the bank is in the business of “people serving people”.
We constantly evaluate and pilot new technologies...
“I don’t think there’s a general place for kiosks in the U.S. banking industry,” he says, “At least not based on existing technology and based on the way our customers access our services. However, we constantly evaluate and pilot new technologies to make sure we provide our customer with the best services to meet their needs.”
Different parts of the world, different banking needs
Cueto’s examination of the U.S. banking market is the primary contributor to his thoughts on digital banking kiosks. Studying consumer habits in the Middle East and other countries has added further reasoning for his argument.
“It’s a different banking world in other countries like the U.A.E,” said Cueto. “There are different types of transactions and people use branches in a different way.”
For example, he points out that people frequently use bank branches to pay their bills, and could easily utilize the kiosks to do just that. U.S. consumers don’t utilize their nearest branch for their own bill payment.
That’s not to say some U.S. banks with a particularly unique clientele could successfully offer this type of technology.
“For example, a bank that issues credit cards to customers that have no other relationship with the bank could provide a way to pay their bill with cash through an ATM or kiosk”.
(story continues below)
Kiosks: A novelty in the U.S., but most functions already exist
The dichotomy between the two markets is stark, but at the end of the day, people in the U.S. want a face-to-face experience when they truly need and want it. BBVA Compass’ mobile app, its new Express Personal Loan product, and its online account opening tools already have functions that the kiosks boast.
“Our leadership talks about it and emphasizes it all the time. We want people to come to our branches. We want our employees to have a relationship with our customers.”


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Spokane’s electric vehicle charging network is slim to nonexistent. According to PlugShare, our city has only a paltry eleven public stations. Almost all of them are located either downtown (i.e. Steam Plant Grill, Davenport Hotel, City Hall, etc.) or at car dealerships. Worse still, the stations that we do have are pitifully slow, because there are no DC fast charging stations or Tesla Superchargers.
By comparison, Seattle, Portland, San Francisco, San Jose, and Los Angeles all have hundreds–too many to count. Notably, Bend, Boise, Provo, and Ogden, the cities to which we’ve been comparing Spokane as a sort of “benchmark,” all have under twenty charging stations as well. Missoula has just one public charging station.
It’s clear that Spokane has the potential to take the lead on this. Imagine public charging stations powered entirely by our abundant hydropower and wind! Perhaps we could require new developments to include “green” features like charging stations and bike racks. Perhaps we could incentivize them. Either way, people are moving in Spokane toward electrics just as other cities are. I’ve seen multiple Tesla Model S drivers around the city, as well as drivers of Leafs and Volts. Tesla just opened a Supercharger in Ellensburg, making easy trips to Seattle more than possible, and they’re planning on adding more in Ritzville and Coeur d’Alene.
What do you think? Should Spokane be doing more to encourage electric vehicles along? Do we need a better charging infrastructure? Would you own a Tesla or a Volt or a Leaf in Spokane? Do you? Tell us what you think in the comments!


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Questionable trend: The green lungs of our planet are starting to weaken. The large tropical forests of Africa and South America absorb significantly less carbon dioxide today than 30 years ago. As a result, they have already lost a third of their buffering effect in the climate system, as researchers report in the journal “Nature”. As early as 2035, the Amazon rainforest could even fail completely as a CO2 sink.
The tropical rainforests are the “green lungs” of our planet – and important buffers in the climate system. Because the trees absorb CO2 from the air and store it as carbon in their tissues. This makes the tropical forests one of the largest sinks for greenhouse gases. However, there is evidence that these sinks less stable could be as thought. Researchers also fear that the tropical forests will continue to have a buffering effect due to progressive climate change could losen.
“Although additional CO2 promotes plant growth, this positive effect is increasingly being negated by the negative effects of rising temperatures and drought,” explains first author Wannes Hubau of the Royal Belgian Central Africa Museum.
CO2 absorption decreases
Hubau and his colleagues have examined in a long-term study what this means for the function of the tropical rainforests as sinks. Since 1968, they have been studying trees in 565 intact rainforest areas on the Amazon and in Africa. From their measurement and a model, the researchers then concluded that the carbon converted into biomass and thus the CO2 uptake by the trees.
The result: The tropical forests in South America and Africa have already lost part of their buffering effect. According to the measurement data, the forests still absorbed around 46 billion tons of CO2 from the air in 1990 – this corresponds to around 17 percent of the anthropogenic greenhouse gas emissions at that time. However, 20 years later, the CO2 uptake of these forests had dropped to just 25 billion tons, as the researchers report.
Affected by heat and droughts
Hubau and his colleagues see the main cause of this development as damage and loss of trees due to drought and heat. As a result, the CO2 binding in the individual forest areas has been reduced by 33 percent. They conclude that the negative effects of heat and drought outweigh the fertilizing effect of increasing CO2. In addition, the total area of intact forest areas decreased by 19 percent.
“The speed and scale of change in these forests suggests that the effects of climate change in the tropics are more serious than expected,” said co-author Bonaventure Sonké from Yaounde University in Cameroon. This confirms the sensitivity of these CO2 sinks to global warming.
Amazon particularly affected
The CO2 absorption in the Amazon region has decreased particularly rapidly and clearly: there the buffer effect of the trees has been decreasing since the 1990s. In the rainforests of tropical Africa, however, this effect only started around 15 years later, as the researchers report. They attribute this to the fact that the Amazon rainforest has greater heat and dryness exposed than the mostly higher lying forests of Africa.
“By combining data from Africa and the Amazon, we are beginning to understand why these forests are changing and that CO2 concentrations, temperature, drought and forest dynamics play a key role in this,” says Hubau. In addition to the pure Climate effects the Amazon rainforest has been intensified by in recent years Clearing and Forest fires affected. Both of these factors should have further reduced its buffering effect.
Loss of the sink function already from 2035?
But what does this mean for the future? Hubau and his colleagues have extrapolated this from the observed trends using a model. According to this, the CO2 absorption of the African rainforests will continue to decrease until 2040 and decrease by 14 percent compared to the values from 2010 to 2015.
The future development in the Amazon region could look even more drastic: “The Amazon valley will continue to weaken rapidly and could sink to zero in 2035,” the researchers report. From this point on, the Amazon rainforest would become a potential source of CO2 from a CO2 sink.
“It is imperative to stabilize the Earth’s climate in order to keep the carbon balance of intact tropical forests stable,” said co-author Simon Lewis from the University of Leeds. “If we do not take any measures to do this, it is only a matter of time before these forests no longer store carbon.” Quick and effective climate protection measures are urgently needed – also and especially for the green lungs of our planet. (Nature, 2020; doi: 10.1038 / s41586-020-2035-0)
Source: University of Leeds, Nature


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Toronto vegan takeout spot Hot Beans, known for its small but satisfying burrito-and-doughnut menu, has expanded to a larger space in the form of The Hogtown Vegan, a comfort-food eatery that makes the classics but takes out the meat and dairy. Menu items include chipotle mac-n-cheese, barbecue shredded jackfruit pulled pork, and unchicken and waffles. On the restaurant’s concept, co-owner Madeleine Foote says, “The idea is that vegans like to eat junk food and comfort food just like everybody else … When you open a vegan restaurant you’re not doing it for money. You’re doing it because you have a philosophy and you think that the food should be out there.”
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Etiqueta 'Shopping in Palma'
Stephen Baggaley tour of Mallorca
Here is a plan for this weekend or during the public holidays next week.
High street confusion
The retail sector is facing a major dilema and it’s not helping consumers.
Palma most expensive Spanish city for supermarkets
The cheapest store in the country is the Alcampo hypermarket in Coya, Vigo.
- Palma, Mallorca is one of the most dangerous cities in Spain
- Michael Schumacher could move to Mallorca permanently
- Council of Mallorca now says there will be no new tourist accommodation places anywhere
- Easter air-traffic control worry for Mallorca
- No more tourist accommodation places in certain resorts - ever
Hard time on the high streets
“These are difficult times for shop owners across the city.”
Jason Moore19/06/2020 18:28


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American consumer spending and personal income rose in April, spelling good news for the Federal Reserve and its mission to meet an annual inflation target of two percent.The United States Commerce Department announced an increase in its personal consumption expenditures (PCE) index from 0.2 percent in March to 0.3 percent in April. The PCE is a metric commonly used by the Federal Reserve to ascertain the country’s inflation rate.
Falling Inflation RatesIn April, Federal Reserve Chairman Jerome Powell shared his belief that the economy is only temporarily experiencing low inflation. The Fed, meanwhile, declared that the economy will be able to meet its inflation target for economic growth and, in the interim, has asked banks to not lower interest rates. While consumer prices may be rising now and lending support to the Fed’s statements, it remains to be seen if the nation’s economy will grow at the end of the year.
Low Inflation in JapanLow inflation typically indicates a slowing or weakening economy since consumers and businesses are not willing to make new investments and purchase goods. While goods and services do not see price increases, neither do wages and salaries. Japan, for instance, has been facing the issue of low inflation. Like the U.S., Japan’s central bank maintains an inflation target of two percent. However, it has not even come close to meeting that target. The Bank of Japan released a public statement in July 2018 claiming that the low inflation problem is fueled by an overly cautious price-setting attitude by companies and a frugal purchasing mindset among consumers. As a result of low inflation, interest rates on many investment instruments in Japan are far lower and can even be negative at times. The Japanese population is thus left with very few options to invest and grow their savings.
Bitcoin Price Continues to RiseSome financial experts speculate that the threat of deflation is the reason why the demand for cryptocurrencies such as Bitcoin (BTC) has skyrocketed. Given that digital currencies routinely outperform even global equity markets, it is a perfect hedge for many investors, especially those that can handle the infamous volatility of the asset class. While the US is still quite far from facing the same inflation dilemma as Japan, cryptocurrencies will be one of the few instruments that investors can use to avoid their wealth’s purchasing power from dropping over time. Eventually, new Bitcoin will no longer be produced and its price dynamics will be influenced solely by market demand. However, the same can be said for gold and other precious metals, which are universally regarded to be excellent stores of value. While the Fed has held its ground on interest rates so far, retail and institutional investors have both realized that Bitcoin and other digital currencies may be a good hedge against a slowdown. What do you think about inflation and the Bitcoin price increase? Let us know your thoughts in the comments below.
All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.


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Shares of fallen streaming giant Netflix (NFLX) have endured a painful crash this year. The valuation reset is ongoing, and this market will find a new range for the former high-flyer to settle down in.
For now, many investors are likely to take a hit on the chin by attempting to catch a falling knife. Billionaire investor Bill Ackman took a quick loss by catching Netflix after its first post-earnings flop. The second round of earnings results was just as painful for shareholders reluctant to ditch the ailing FAANG stock in its trying moment.
Undoubtedly, FAANG companies are known to move past tough times en route to much higher multiples. It’s their ability to continue raising the bar on growth that makes them such sought-after long-term holdings.
With the streaming world in chaos, Netflix came up with short-term-focused solutions, including the “freeloader crackdown” and price increases to shrug off inflation’s impact.
Indeed, Netflix overestimated its pricing power, with the recent uptick in competitive pressures. Every media firm has jumped aboard the streaming bandwagon. Under the weight of all the players, this bandwagon isn’t rolling as fast as it used to.
On TipRanks, NFLX scores a 7 out of 10 on the Smart Score spectrum. This indicates a potential for the stock to perform in line with the broader market.
Netflix: Streaming Rivals are Catching Up, Fast
In a prior piece, I noted that big media’s move into streaming was a hefty expenditure that lowered switching costs. Nonetheless, the disruptive impact of Netflix has been felt, and the rest of the industry has reacted accordingly. As media feels the pinch of the lower switching costs of streaming (consumers can easily cancel subscriptions in favor of new ones in any given month), the streaming wars are ongoing, with no clear winner.
At the end of the day, media and streaming is a game where the strongest, deepest content library will win. Content is king. Nothing has changed in that regard. Though Netflix has a robust content library, with more titles on the way, it’s clear that the streaming giant no longer has the best relative content slate out there anymore.
Arguably, Disney (DIS) and its Disney+ platform seems to be the most engaging these days. As Netflix loses its luster, I find few things preventing the stock from crumbling come the next earnings report, which could reveal further subscriber losses.
Now, Netflix stock is getting cheap at around 15.9 times trailing earnings. But with some streaming rivals sporting single-digit price-to-earnings (P/E) multiples, the stakes are still high as the market continues its punishment of NFLX shares.
On the low-end, Paramount (PARA) boasts a 4.1 P/E, with Warner Bros. Discovery (WBD) commanding a mere 7.1 P/E. While Netflix is a bigger, better streamer than these two underdogs, I do think it’s really hard to draw a line in the sand, as the streaming behemoth looks to hemorrhage subscribers in the face of a recession. For now, I am neutral on Netflix.
Netflix: Could an Ad-Based Tier Reignite Growth?
A low-cost, ad-based tier may be the version of Netflix that helps the firm move through the coming economic slowdown. When times get tough, many may be more willing to sit through a few ads for a discount. While such an ad-based tier will eat away at the pricier flagship subscription service, I do think that such margin pressures will not last long. If anything, ads may be the future of Netflix.
The ad world has endured quite the shakeup in recent years. With Roku (ROKU) poised to team up with Walmart (WMT) to offer interactive ads that allow one to buy through the Roku platform, one has to think that such streaming-based ads are the way of the future.
Indeed, streaming ads hold a lot of potential. They could prove more effective than the user-targeted social-media ads that have come under fire in recent years.
If Netflix plays its cards right, ads could help propel the stock back on the growth track. Still, there’s plenty of competition out there. At the end of the day, it’s a paradise for consumers.
Wall Street’s Take
According to TipRanks’ analyst rating consensus, NFLX stock comes in as a Moderate Buy. Out of 41 analyst ratings, there are nine Buy recommendations, and 26 Hold recommendations, and six Sell recommendations.
The average Netflix price target is $281.84, implying an upside of 60.55%. Analyst price targets range from a low of $157 per share to a high of $405 per share.
The Bottom Line on Netflix Stock
Netflix stock will eventually bottom out at a new P/E (likely in the teens). Still, such a low multiple discounts the company’s innovative capabilities.
For now, ads and the video-game push and their implications on long-term growth are a major unknown. If Netflix can out-innovate its peers on these two fronts, perhaps NFLX stock can find itself commanding a much higher growth multiple again?


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Boosh Plant-Based Brands Inc. (CSE: VEGI) (OTCQB: VGGIF The emerging plant-based food powerhouse recently announced the asset purchase agreement to acquire Beanfields Inc. Boosh Plant-Based Brands is listed on the CSE under the symbol VEGI.
Boosh Plant-Based Brands Inc.is being featured on BNN Bloomberg from March 28th to April 3rd, 2022, during market hours.
BTV-Business Television is Canada's longest running business show. With Hosts Taylor Thoen and Jessica Katrichak, BTV features emerging companies across the country to bring viewers investment opportunities. BTV also produces News Alerts and branding/ awareness spots for issuers broadcast on BNN Bloomberg, Fox Business News, Bloomberg TV US and Bloomberg Terminals. www.b-tv.com.
BTV - Business Television/CEO Clips Contact: Trina Schlingmann (604) 664-7401 x 5 email@example.com
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