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The Daily Telegraph
Musk regains title of richest person after Tesla surge
‘Tesla will soon release its Master Plan outlining the path to a fully sustainable energy future for Earth’
ELON MUSK, the chief executive of Tesla, has regained his position as the world’s richest person after shares in the electric vehicle maker soared.
Shares in Tesla surged 5.5pc yesterday, lifting Mr Musk’s net worth to $187.1bn (£155.1bn), according to the Bloomberg Billionaires Index.
He reclaims the top spot from French luxury magnate Bernard Arnault, whose net worth is now valued at $185.3bn.
Mr Arnault, chief executive of LVMH, was renamed the world’s richest man in December after Mr Musk’s net worth slipped as investors lost confidence in Tesla and grew concerned at his focus on Twitter, which he bought for $44bn last October.
Mr Musk, who remains the largest shareholder of Tesla despite selling off billions to finance the Twitter deal, became the first person to lose $200bn from their fortune after shares in the US manufacturer plunged 65pc last year.
In December, he pledged not to sell Tesla shares for about two years. However, Mr Arnault’s lead over the Tesla boss narrowed after shares in the vehicle company almost doubled since the start of the year, increasing 92pc.
Shares rallied after Tesla revealed better than expected quarterly results last month, buoyed by record delivery of electric vehicles during the last three months 2022. Tesla also aggressively slashed EV prices in an attempt to reverse a slowdown in sales, sparking a price war among rival car makers.
Recent updates also include plans to invest $3.6bn boosting the Nevada gigafactory’s battery and truck manufacturing operations, alongside its decision to move some production from Tesla’s Berlin-brandenburg gigafactory to the US because of tax incentives. Mr Musk’s 13pc stake in Tesla is his biggest source of wealth. He also has shares in rocket company Spacex and Twitter.
This month, Mr Musk announced that he would soon present the third version of Tesla’s “Master Plan” which would outline “the path to a fully sustainable energy future for Earth”.
Previous versions of the plan, announced in 2006 and 2016, have focused on taking electric cars mainstream, autonomous technology and home energy storage.
Tesla is expected to unveil these long-term expansion plans during its 2023 investor day tomorrow.


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Several other equities research analysts also recently commented on the company. B. Riley set a $29.00 price objective on Gentex and gave the company a buy rating in a report on Friday, July 19th. BidaskClub raised Gentex from a sell rating to a hold rating in a research report on Tuesday, July 30th. Longbow Research reaffirmed a hold rating on shares of Gentex in a research report on Sunday, July 7th. Finally, Zacks Investment Research raised Gentex from a sell rating to a hold rating and set a $28.00 target price on the stock in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Gentex currently has an average rating of Hold and an average target price of $23.52.
NASDAQ GNTX opened at $26.44 on Wednesday. The company has a market cap of $6.58 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 3.07 and a beta of 1.22. Gentex has a 52 week low of $17.80 and a 52 week high of $28.43. The business has a 50 day moving average price of $27.01 and a 200-day moving average price of $24.49.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 23rd. Shareholders of record on Wednesday, October 9th will be given a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, October 8th. This represents a $0.46 annualized dividend and a yield of 1.74%. Gentex’s dividend payout ratio is currently 28.40%.
In other news, CFO Kevin C. Nash sold 12,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $27.49, for a total transaction of $329,880.00. Following the transaction, the chief financial officer now owns 26,966 shares of the company’s stock, valued at approximately $741,295.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Matthew Chiodo sold 5,560 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $27.07, for a total value of $150,509.20. Following the transaction, the vice president now directly owns 30,776 shares in the company, valued at approximately $833,106.32. The disclosure for this sale can be found here. In the last three months, insiders sold 64,043 shares of company stock worth $1,775,639. Insiders own 0.37% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its holdings in Gentex by 4.0% during the 2nd quarter. Commonwealth Equity Services LLC now owns 35,250 shares of the auto parts company’s stock valued at $867,000 after acquiring an additional 1,367 shares during the period. Country Trust Bank boosted its holdings in Gentex by 1.9% during the 2nd quarter. Country Trust Bank now owns 1,026,687 shares of the auto parts company’s stock valued at $25,267,000 after acquiring an additional 18,937 shares during the period. Fort L.P. boosted its holdings in Gentex by 38.9% during the 1st quarter. Fort L.P. now owns 80,992 shares of the auto parts company’s stock valued at $1,675,000 after acquiring an additional 22,700 shares during the period. State of Alaska Department of Revenue boosted its holdings in Gentex by 86.3% during the 2nd quarter. State of Alaska Department of Revenue now owns 55,685 shares of the auto parts company’s stock valued at $1,369,000 after acquiring an additional 25,793 shares during the period. Finally, Chesapeake Wealth Management purchased a new stake in Gentex during the 2nd quarter valued at about $640,000. 80.90% of the stock is currently owned by hedge funds and other institutional investors.
Gentex Company Profile
Gentex Corporation provides digital vision, connected car, dimmable glass, and fire protection products worldwide. It designs, develops, manufactures, and markets automotive products, including interior and exterior electrochromic automatic-dimming rearview mirrors, automotive electronics, and non-automatic-dimming rearview mirrors for automotive passenger cars, light trucks, pick-up trucks, sport utility vehicles, and vans for original equipment manufacturers, tier one automotive mirror manufacturers, and various aftermarket and accessory customers.
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When do you start preparing for the holidays? The answer should be right now. The holiday season can be both the happiest and most lucrative time of year, but small business owners need to ensure they’re prepared to maximize that potential come November. This week’s Trending on Thursday provides a checklist for prepping for the … Continue reading “Trending on Thursday”
As a particularly fraught presidential election draws closer, the sentiment among small business owners is surprisingly cool. At least that’s according to a recent poll, showing most small business owners are not changing hiring or wage growth practices. This week’s Trending on Thursday shows other results from that poll, along with advice for engaging users … Continue reading “Trending on Thursday”
Every four years, the world watches at each country’s greatest athletes compete in gymnastics, swimming and other summer sports. In this week’s Trending on Thursday, we take a look at what lessons small business owners can take from the Olympics as a whole, as well as how we can all try to emulate our country’s … Continue reading “Trending on Thursday”
Seventy percent of small-business owners say that the best job they’ve ever been a part of is the one they’re doing now – managing a small business, a recent survey found.
Loyal customers are the lifeblood of small businesses.
When it comes down to it, it’s all about the customers. The best small business owners know how to tap into their potential customer base and how to keep them happy. This week’s Trending on Thursday has some advice for maximizing the customer service experience and using great digital tools to make it all easier … Continue reading “Trending on Thursday”
So just about everyone is on LinkedIn. But where is the massively popular business-networking platform headed? This week’s Trending on Thursday explains how LinkedIn plans on getting much more involved in its user’s business lives, and we debunk some classic small business myths, provide tips for staying focused at the office and explain in medical terms … Continue reading “Trending on Thursday”
Are you a millennial entrepreneur or small business owner? Are you optimistic about your business future? If you answered yes, you fall in line with most of your peers. Most millennials are more likely to be risk takers and are less likely to settle than your older counterparts. This week’s Trending on Thursday has more … Continue reading “Trending on Thursday”
In the past week, have you noticed even more people walking around your town or city looking at their phones? No, there’s not a new iPhone out yet. This is due to the latest app craze: Pokemon Go. With anything this popular, there’s bound to be a way for entrepreneurs and small business owners to … Continue reading “Trending on Thursday”
Job growth got off to a rocky start this summer with a steep decline in May. But according to a new report, U.S. small business employment growth rebounded from a decline in May to a significant increase in June. This Trending on Thursday provides a summary of the small business economy in the wake of … Continue reading “Trending on Thursday”


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Chilliwack RCMP is warning people to use care when selling or buying items via social media websites after a man was robbed at knife point and then assaulted in front of the Yale Road Tim Hortons on Thursday night.
Police say the victim, who had posted some electronics for sale Craigslist, was at the coffee shop at about 10:45 p.m. to meet a buyer.
When he got to the parking lot, police say, two men dressed in black and wearing balaclavas approached him from behind.
The first man grabbed and held the victim while the second man, described as six feet tall and 200 pounds, produced a knife and demanded the victim’s wallet.
After the first man grabbed the wallet and took the money in it, the victim was reportedly punched in the face and stomach.
“We are cautioning the general public to use care when arranging to sell items privately through social media websites ” RCMP spokesperson Cpl. Len vanNieuwenhuizen said in the press release. “The victim had thought that this was a legitimate transaction”.
Mounties are advising people who sell and buy through social media websites to confirm the identity of the other party, conduct transactions in a safe and known environment, and not to go to transactions alone.
Anyone with information about Thursday’s robbery is asked to contact the Chilliwack RCMP at 604-792-4611 or Crime Stoppers at 1-800-222-8477 (TIPS)


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Los Angeles Lakers star LeBron James, the man who has defined a generation of NBA, now has a net worth of $1billion according to Forbes – becoming the first active NBA player to make the billionaires list
Image: Getty Images)
LeBron James is an 18-time NBA All-Star, four-time NBA champion, four-time NBA MVP, and a two-time Olympic gold medalist. Now, the King is also a billionaire.
Despite a disappointing campaign with the Lakers in 2021-22, which means he must watch the NBA Finals from the sidelines after missing the playoffs, James has achieved something no NBA star has ever done. According to Forbes he has officially become a billionaire while still operating as an active player.
He is the first active NBA player to make the billionaires list, as Michael Jordan – the only other basketball billionaire – joined the ranks in 2014, nine years after the Chicago Bulls legend retired. James has surpassed the billion mark for his net worth after a year of earnings totaling $121.2 million (£97m).
While Jordan achieved his wealth largely through his iconic Air Jordan brand and his purchase of the Charlotte Hornets NBA franchise, James has maximized his business ventures to make $1.2 billion in pre-tax earnings. He revealed his plans to execute such a lucrative off-court career back in 2014, when he told GQ he wanted to be a billionaire – and James has now achieved the hefty objective eight years later.
Across his illustrious career, James has secured more than $385 million (£307m) in salary from the Cleveland Cavaliers, Miami Heat and Los Angeles Lakers as the NBA’s highest-paid active player. Even away from the sport, James has earned over $900 million (£717m) in income stemming from other business ventures and lucrative endorsements due to his stature and popularity with fans around the world.
This path, from teenage prodigy to billionaire active athlete, is particularly impressive given where the King hails from. Born to a 16-year-old single mother in Akron, Ohio, James reportedly moved a dozen times in three years but his basketball talent shone through as he became the most anticipated high school prospect of all time, which came with a crushing weight of expectation.
At age 18 in 2003, James turned down offers from Reebok and Adidas to sign a deal with Nike and after more than a decade of success, he inked a lifetime agreement with the brand to pay him tens of millions on an annual basis. Alongside deals with the likes of AT&T, PepsiCo and Walmart, the 37-year-old was the second-highest earning athlete in the world in 2021.
DeFodi Images via Getty Images)
How has James masterminded a billion-dollar fortune? Well, he’s intelligently organized deals to grant him equity in brands he has associated himself with while also leading various ventures himself.
James’ key venture is The SpringHill Company, which is worth around $300 million (£239m). The entertainment development and production company-founded by James and business partner Maverick Carter in 2020-was named after the apartment complex where James and his mother finally settled amid his tumultuous youth.
It allowed James to combine three companies – marketing agency Robot Company, athlete platform Uninterrupted and SpringHill Entertainment, which was founded in 2007 to produce the award-winning documentary More Than A Game, which chronicles James’ high school career. The SpringHill Company was launched after James and Carter received $100m (£80m) in investment, with backers including Elisabeth Murdoch, daughter of billionaire Rupert. Last October, James sold a minority stake at a $725m (£578m) valuation to investors including Fenway Sports Group, Nike and Epic Games.
SpringHill helped produced 2021 movie Space Jam: A New Legacy after it starred James, as well as the recent Netflix docuseries about tennis star Naomi Osaka. It is currently working on a biopic about James’ young life.
James has openly spoken about owning an NBA team one day, but the Lakers star already holds stakes in baseball, soccer and hockey teams among others. The basketball star has a deal with Fenway Sports Group, who owns a wide portfolio of sports teams, and it means James has a minority stake in Liverpool FC, the English Premier League team which claimed the FA Cup and League Cup double in 2021-22 .
The 37-year-old acquired the stake when his sports marketing agency partnered with FSG in 2011, and he and Carter exchanged their stakes in Liverpool for part ownership of the group last year. James is estimated to own around 1% of the group, which owns the Boston Red Sox, Fenway Park, Liverpool and NHL franchise Pittsburgh Penguins, as well as half of Roush Fenway Racing and 80% of the New England Sports Network. His stake from him is valued at around $90 million (£71.8m).
Do you think LeBron James will own another sports team? Let us know in the comments section.
In 2015, James left his endorsement with McDonalds to invest in and partner with Blaze Pizza. He has helped promote the company spectacularly, often going behind the counter and taking to the streets to aid the brand’s operation. Forbes estimates James’ stake in the chain – plus his cut of 18 Blaze franchises in Florida and Illinois run by restaurateur Larry Levy – to be worth about $30 million.
On top of these investments, James has more than half a billion dollars (£399m) in net assets beyond what has been mentioned. This includes equity in brands like Tonal and rideshare mammoth Lyft, as well as Beats by Dre and publicly traded fitness company Beachbody, which James co-founded with Arnold Schwarzenegger.
James also has a property portfolio valued at $80 million (£64m) thanks to homes in Akron and Los Angeles, and he recently purchased a 13,000 square-foot Beverly Hills mansion for $36.75m (£29.3m).


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Telltale Reveals First Screenshots of its Guardians Of The Galaxy Game
Back in December of last year, developer and publisher Telltale Games announced that it was making a Guardians Of The Galaxy game, appropriately titled Guardians of the Galaxy: The Telltale Series. At the time only a brief teaser trailer was shared. However, today, Telltale revealed the game’s first screenshots, providing the first look of what the game actually looks like.
As of right now, the game is without a release date. However, back in January a GameStop listing leaked revealing (potentially) that the game is poised to debut (it’s episodic, so likely only the first episode) on May 25, 2017. While this date is a leak, and therefore should be taken with a grain of salt, it is the same month as the release of Guardians of the Galaxy Vol. 2, so look into that as much as you would like.
Guardians of the Galaxy: The Telltale Series is in development for PC, Xbox One, PS4, and mobile devices.
Below, you can check out the new images:


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Uber drivers in Lagos, Nigeria are using a fake GPS app to increase their fares.
“When a driver uses Lockito for an Uber trip, he can have the fake GPS running from the pickup point to the drop-off location, before the passenger has even got into the car,” reported Quartz.
The increased fares when using Lockito can be double what the passenger should have paid.
The Uber drivers using Lockito justified their actions, saying they were a response to Uber’s 40% rate cut earlier this year.
The drivers allege that Uber knows about the app, but is not doing anything about it because it increases the company’s revenue.
Uber denied these allegations.


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Umbrella-Sharing Startup Soaks Up Bucks From Big Backers
A shared-economy startup trying to make it as an umbrella-lending specialist has found rainmakers in two leading corporate citizens in the Yangzte River Delta.
Yousan, whose name means “Umbrellas Here,” said Shanghai-based outdoor advertising giant Focus Media Information Technology Co. Ltd. and online travel specialist Tongcheng Travel E-Commerce Co., Ltd., based in the nearby city of Suzhou, are among the backers in its new 30 million yuan ($4.5 million) angel funding round. While modest by most standards, the figure is still sizable for a niche group that has been plagued by theft of its products.
The company recently rolled out its shared umbrella concept in Shanghai and Suzhou, as well as the nearby city of Nanjing. It’s hoping its specially designed racks that don’t require electricity, along with connections from its big new backers, can help it succeed where others have failed, according to a report in CBN, one of Shanghai’s leading business publications.
“We hope that through the efforts of our team we can become the first brand that brings convenience to consumers with shared umbrellas in rain and in sun,” founder Liu Qing told CBN, referring to the common Chinese practice of using umbrellas not only during rain but also to block out the sun. “We also hope that in the process of building the credit cities of the future, Yousan can promote its own role.”
Chinese entrepreneurs have been taking the shared economy concept beyond the usual shared rides, homes and offices seen in the West, in search of the next big thing. Some of those include shared basketballs, battery chargers and even sex dolls, as well as umbrellas for people who get caught out in the rain. But many of those have failed for various reasons, including a recent shared sex doll concept that got yanked after creating a stir on the internet and also getting fined for an illegal promotion.
One of Yousan’s biggest challenges could be theft and damage of its products, based on experience from similar companies. One such wannabe in the eastern Chinese city of Nanchang reportedly suffered a major setback when people helped themselves to the 30,000 umbrellas it placed in racks for use as temporary loaners without ever returning the products.
Despite that, the company vowed to press on by putting out new umbrellas, and hoped that previous borrowers would someday return the appropriated ones.
Yousan is hoping it won’t suffer a similar fate by asking for modest 29 yuan deposits from users and charging small fees of just 1 yuan for up to 12 hours and free use for the first 15 minutes.
Contact reporter Yang Ge (email@example.com)
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- 1China and Russia Ditch Dollar in Move Toward ‘Financial Alliance’
- 2TikTok Shifts Global Operations Base to Europe
- 3Update: Huawei Says Supply of Flagship Chipsets to End Under U.S. Sanctions
- 4Update: Chinese Exports Expand by Fastest Rate in Seven Months, Imports Return to Decline
- 5China Allows Baoshang Bank to Go Bankrupt in Final Cleanup
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas


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The Labor Department began taking steps Wednesday to roll back high-profile Obama administration policies, days ahead of President Donald Trump’s planned visit to the department to outline worker-training initiatives.
Labor Secretary Alexander Acosta told members of Congress Wednesday the department would begin rewriting overtime regulations within weeks, while also announcing the withdrawal of guidance that broadened the definition of when multiple employers could be responsible for the same worker.
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With a market capitalisation approaching US$500 billion - not to mention Tesla's forthcoming inclusion within the S&P 500 starting from next month - for the time being, we can only expect Musk's wealth to snowball with every passing day.
In 2020, Tesla shares have surged more than 500% and the company is now valued at more than $500 billion.
On Monday, Elon Musk's net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla's share price [File: Justin Chin/Bloomberg] Musk's milestone marks only the second time in the index's eight-year history that Microsoft Corp.co-founder Gates has ranked lower than number two.
Saudi Arabia denies meeting between MBS and Israeli officials
Israeli Prime Minister Benjamin Netanyahu holds the weekly cabinet meeting in Jerusalem June 28, 2020. The flight took off from Neom over three hours later and followed the same route back to Tel Aviv.
According to Bloomberg, approximately 75% of Musk's wealth is comprised of Tesla shares (NASDAQ: TSLA). Recently, Elon Musk had ridiculed Bill Gates, saying the latter does not know about electric cars.
Despite the pandemic, shares of technology companies have been consistently rising resulting in increase of billionaires wealth like Jeff Bezos, Mark Zuckerberg, Elon Musk, etc. Only Amazon founder Jeff Bezos is worth more.
Gates, who has been dethroned as the second-richest, earlier this year touched on Musk's controversial comments about Covid-19, telling the automaker entrepreneur to stay in his lane. Based on its market value, the electric vehicle maker would be one of the top 10 companies in the benchmark index upon entry.
That followed Standard & Poor's announcement last week that the electric carmaker will join the S&P 500 on December 21, a move that had been anticipated amid better-than-expected earnings and sales, which in turn has driven Tesla's valuation to new heights.


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(Above) State Minister of Money, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal, Commercial Bank’s Head of Card Centre Thusitha Suraweera and senior officials of the Central Bank of Sri Lanka at the Bank’s stall at Diyatha Uyana and (below) a ComBank Point-of-Sale terminal and a customer mobile phone performing a contactless transaction.
The Commercial Bank of Ceylon extended its wholehearted support to the Colombo launch last weekend of the Central Bank’s initiative to promote cashless digital payments via LANKAQR, the national Quick Response (QR) Code platform.
The Colombo launch event was held at ‘Diyatha Uyana,’ one of the most popular outdoor markets in Sri Jayewardenepura, and was attended by the State Minister of Money, Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal, Central Bank Deputy Governor T.M.J.Y.P. Fernando, Central Bank Director Payments and Settlements D. Kumaratunge and several other dignitaries.
Commercial Bank, who’s App ‘ComBank Q+’ was the first QR-based payment App to be launched on the LANKAQR platform, offered customers paying for purchases at Diyatha Uyana via ComBank Q+ over the weekend a 20% cashback subject to a daily limit, in support of this promotion. At the same time, the bank’s sales teams visited retail establishments in Pelawatte and Battaramulla to register more vendors for the ComBank Q+ merchant App, as part of its continuing support to popularising LANKAQR. Customers who purchase from these merchants by using ComBank Q+ will also get the 20% cashback till 31 January, the Bank said.
The first QR code-based App certified by LANKAQR, ComBank Q+ offers options for both retail customers and merchants. All recently launched Point-of-Sale (POS) machines deployed by the Bank are enabled with LANKAQR functionality. The Bank also launched the Flash Digital Bank Account, a revolutionary account that features a complete suite of financial management and financial wellness tools in one seamless application, which is also certified to process transactions under LANKAQR.
Commercial Bank was recognised by the Central Bank for its pioneering efforts in enhancing the digital payments landscape of the country at the launch last year of ‘Mataleta LANKAQR’ – an event held to commemorate the inauguration of the island wide awareness campaign to promote cashless payments.
Commercial Bank is a pioneer with its extensive efforts to promote digital payments with other related state-of-the-art products and services such as tie-ups with international payment schemes to promote digital payments, digital banking apps and online banking services that promote payments and transactions anytime anywhere, as well as with innovations in merchant payments to encourage the use of digital payment methods.
The first Sri Lankan Bank to be listed among the Top 1,000 Banks of the World and the only Sri Lankan bank to be so listed for 10 years consecutively, Commercial Bank, which won more than 25 international and local awards in 2020, operates a network of 268 branches and 885 ATMs and CRMs in Sri Lanka.
Commercial Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets; Myanmar, where it has a Representative Office in Yangon and a Microfinance company in Nay Pyi Taw; and the Maldives, where the Bank has a fully-fledged Tier I Bank with a majority stake.


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London brand design agency d.studio together with PR company Bottle have created a fun spot highlighting a serious problem, bowel cancer—the second biggest cancer killer in the UK.
Warsaw-based Rip Curl Pro Store of sportive apparel has teamed up with Havas Worldwide Warsaw to enable visually impaired customers to see the color of their latest collection, which is all built around the vibrant shades. As part of the Color is for Everybody effort, the name of the color was printed in the Braille alphabet onto a special tag so that people, who can’t see, could read it with their fingers.
BBDO Toronto and production company Crush have created a controversial spot, “Not-The-Sac Wax,” to raise awareness of testicular cancer. The video featuring grimaces of men as they are getting their genital hair waxed (the process itself is off the screen). The spot has been released as part of the campaign launched by Testicular Cancer Canada to drive more attention to male health.
Apple continues to harness the power of the iPad to improve life experiences. As part of the advertising campaign «Your Verse» launched across multiple platforms earlier this year, the tech powerhouse is releasing another story, Concussion Game Plan, that highlights the smart use of the tablet and iOS apps for medical purposes.
In fact, words can save lives. Not only the meaning of the words, but the typography as well. Haymarket’s creative director Paul Harpin collaborated with Typespec, a leading UK type consultancy providing type design & custom font services and expertise, to launch the Buy Fonts Save Lives effort. As part of the effort they sell fonts with the proceeds going to Cancer Research UK and MacMillan Cancer Support.
Atkins UK, a weight-control and nutrition company, has launched a light-hearted animation campaign to dispel myths about the popular Atkins diet. The integrated agency 23red released a series of short simple videos based on hand-drawn illustrations that explain why the low carbs diet actually works for dieters.
As part of its “Make love not war” campaign, Lynx is partnering with Australian Red Cross Blood Service to raise awareness of the blood donation among young man. The initiative is launched three months ahead of World Blood Donor Day on June 14 so that the man could have some time to take all courage and roll up their sleeves for the cause.
Heart Research UK has offered an alternative way to discard unwanted and disturbing memories about the past relationships. Ahead of Valentine’s Day, the organization launched an unconventional auction, #InstaHeartAuction, where people could trade the stuff their «exes» gave them in the times of romance.


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Bizarrely, Wall Street's hottest sector finds the specter of tech laggard
hanging over it.
, lately among the Street's favorite optical component makers, this afternoon will usher in earnings season for the companies that make telecommunications network gear. SDL's third-quarter earnings should exceed Wall Street's 38-cent-a-share consensus expectation by a few cents, say a pair of bullish analysts, while tripling from year-ago levels.
But as highfliers always do, SDL faces the prospect that any shortfall, whether in revenue growth or against the so-called earnings whisper number, will prompt a massive selloff. The chances of a shortfall are heightened this quarter, analysts say, by the massive failures at free-falling Lucent that are now spreading through the optical supply chain. And the focus is even sharper on SDL because of its pending $41 billion merger with components giant
During SDL's discussion with analysts that will follow the earnings report, some expect to hear that Lucent's
meltdown will hurt sales for the quarter. While the company will be able to say the damage was minimal, the outlook for upcoming quarters may remain in doubt. Lucent is a large buyer of silicon wafer products from
Photonic Integration Research
, a company SDL purchased in June.
"I don't expect a real blowout this quarter because Lucent is a significant customer of PIRI," says
U.S. Bancorp Piper Jaffray
analyst Conrad Leifur. "It's heavily exposed to Lucent. That limits the upside without a doubt." Leifur has a strong buy rating on SDL, and his firm has done no underwriting for the company. SDL was up $12.31, or 4.4%, at $291.19 Thursday afternoon.
SDL executives will also be unlikely to help with guidance on the state of the proposed $41 billion merger with JDS. Investors have been very eager to hear how the merger is progressing, but it's not clear whether management can offer anything that would alleviate the pressure on JDS stock since the deal was announced.
reported July 7, at the time of the proposed merger, the combination of JDS Uniphase and SDL sent up warning flags because it would consolidate the vast majority of pump laser production within one company. Federal antitrust officials have been investigating the potential impact of that tie-up by questioning top customers, including Lucent and
. Since the deal was announced, JDS shares have slid some 20%, while SDL has continued to rally.
SDL has emerged, along with JDS and rival
, among the strongest companies in the entire technology sector. SDL supplies lasers, amplifiers and communications chips to networking equipment makers.
SDL has told analysts that it is completely sold out of its pump lasers through early next year. And even as the phone and Internet service providers atop the food chain have experienced a cash crunch that in turn has sent a chill through the equipment sellers' sector, the slowdown has not been evident at the component level, say analysts.
Still, it's hard to get a good read on demand when there is so little supply.


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Tonight at Bethesda's E3 2019 press conference, it's been announced that Fallout 76 is finally getting what everyone has wanted since day one. The huge update, called Wastelanders, was announced back in February, but tonight we learned what was in it. And that's right: it has human NPCs.
It's the biggest update yet for the online game, and "fundamentally changes the game," according to Bethesda. And in the trailer, that quickly becomes evident. We meet human NPCs, and in starting a conversation, see a familiar dialogue tree. Wastelanders will introduce new quests, weapons, and a lot more. While year one of Fallout 76 was about exiting the vault, year two will be about how the world is repopulating with people.
The eagerly anticipated update is coming this fall to Fallout 76, and it will be free for all owners of the game. To get players up to speed, Bethesda is offering a free trial week of Fallout 76 starting tomorrow June 10, and lasting until June 17. It was also announced today that a new battle royale mode is headed to Fallout 76. But fans don't have to wait for that one: it's out this summer.


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Lockdowns implemented across the nation amid the spread of COVID-19 have negatively impacted diet, sleep and physical activity with obesity.
Adolescents are currently plagued by anxiety about how to lose weight. Announcement of lockdown from the month of March after the corona Virus Pandemic outbreak. Which resulted in strict lockdown for 50 days.
Exercising outside, morning walk was also completely banned as a result, number of people are gaining weight. During the unlock process began in June. Gradually the government started industries, offices with limited staff. Employees of IT companies are still working from home.
During Corona's time, many young people lost their jobs and stayed at home. So, young people are still working for few weeks or half a day a month. So there are limitations to getting out of the house. So many don’t go out to the gym as it is still prohibited or the morning walk is a bit fearful to step out fearing of the Coronavirus pandemic spread.
This has resulted in Weight gain. Giving more information, the head of the anti-obesity campaign, Dr Jayashree Todkar said, "In the past, during the lockdown, the maid could not come for housework and due to the housework, some body movements caused some weight loss. This was followed by a slowdown in lockdown and increased demand for fast food online parcels. As a result, the weight of the youth has been increasing in the last one and a half to two months. There is also an increase in the use of alcohol along with food to reduce the fear of COVID and mental stress."
"Young people have gained weight in the last two months. Seriously, coronary artery mortality is higher in people with diabetes and obesity. Therefore, the issue of weight gain should be taken seriously by the youth. For that, you have to control your eating because eating brings happiness but not immunity. It is essential to avoid processed foods in the diet and eat fresh, hot food. Avoid the temptation to eat carbohydrates and sweets,” added Dr Jayashree Todkar, Bariatric Surgeon.
"Obesity was higher among citizens during June-July but has declined slightly since Unlock. So right now many people are seen exercising at home by downloading various apps and watching videos from YouTube and it needs to be done. At the same time, it is necessary to change the diet and reduce it to a little less than the current diet," Said Supriti Dixit.
TIPS TO LOSE WEIGHT
- For those who are less mobile, if you are eating two Chapati meals, take one and a half chapati or less
- Eat plenty of vegetables, salads, protein foods
- Preferably eat bread, vegetables with cereals
- Avoid flour, bakery foods, biscuits, bread, junk food
- Eat chapati made from bread, wheat
- Start exercising from home


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US: Traditional grocers projected as ‘2021 winners’
Three of the nation’s four largest supermarket operators - The Kroger Co., Albertsons Cos. and Publix Super Markets - are expected to be “winners” in 2021 when it comes to store visits, according to location-based retail foot traffic specialist Placer.ai. All 3 retailers - grouped in a category dubbed “traditional grocery” - already turned in “a huge year” in terms of customer visits for the first 11 months of 2020, according to Ethan Chernofsky, vice president of marketing at Israel-based Placer.ai, which has U.S. offices in Los Altos, California.
US: Hy-Vee launches Healthie
Hy-Vee is getting more serious about nutrition and health. The food retailer launched its new, virtual dietitian services platform, Healthie, as another way to connect with its customers during the COVID-19 pandemic and beyond.
US: Consumers still prefer in-store shopping
While the COVID-19 pandemic has skyrocketed the growth of online shopping, there is still a large segment of the population that wants to venture away from their computer screens and have in-store experiences. According to Raydiant’s second annual State of Consumer Behavior Report, 46% of respondents said that given the choice, they prefer to shop in person rather than online.
US: Stop & Shop offers New Year’s nutrition help
Stop & Shop wants to help its customers keep their New Year’s resolutions. Stop & Shop’s Nutrition Partners has launched a month-long series of free workshops to kick off the New Year and help those intent on getting healthy.
Ahold Delhaize and Centerbridge Partners successfully complete acquisition of FreshDirect after receiving regulatory clearance from the FTC
Ahold Delhaize and Centerbridge Partners are pleased to announce that they have closed the acquisition of New York City-based online grocer FreshDirect after receiving regulatory clearance from the U.S. Federal Trade Commission. Through the acquisition, which was previously announced on November 18, 2020, Ahold Delhaize acquires the majority share, funded by cash on hand, and Centerbridge Partners is a minority equity investor with a 20% stake. Financial terms of the deal were not disclosed.
UK: Supermarket websites struggle amid new lockdown
Supermarkets' online shopping operations have come under strain with customers rushing to book deliveries as the new coronavirus lockdown began. Within a couple of hours of Prime Minister Boris Johnson's speech to the nation, shoppers reported problems with Sainsbury's and Tesco. Sainsbury's said that earlier it had restricted access to its online services to manage high demand. The surge in demand echoes consumers' reaction at the start of the pandemic.
Japanese discount chain 'Don Quijote' to open store in Taipei
The Japanese discount chain Don Quijote will open its first Taiwanese store on January 19 in Taipei's Ximending shopping area, the company announced. The new store, Don Don Donki, will occupy three stories of a building at No. 123 Xining Street, not far from Exit 6 of MRT Ximen Station, according to a post on the company's Taiwan Facebook page. It will carry a wide selection of imported Japanese products, as well as cosmetics, snacks, beverages, fresh produce, made-to-order meals and sushi, the company said.
China: Alibaba plans $5bln bond this month amid regulatory scrutiny - sources
Alibaba Group Holding Ltd plans to raise at least $5bln through the sale of a U.S. dollar-denominated bond this month, four people with knowledge of the matter said, amid regulatory scrutiny of co-founder Jack Ma’s empire. Depending on investor response, proceeds could reach $8bln which the e-commerce leader is likely to use for general corporate expenditure, one of the people said.
Ireland: Musgrave appoints new managing director of Supervalu and Centra
Ireland’s Musgrave Group has appointed Ian Allen as Managing Director of its grocery and convenience chains SuperValu and Centra. Allen took over the role of Managing Director of SuperValu and Centra on 1 January from Ray Kelly who served in the position on an interim basis following the departure of Martin Kelleher last year.
UK: Asda trials vegan butcher concept as plant-based eating grows in popularity
To the delight of hungry herbivores around the country, ASDA has announced a partnership with vegan concept creator, Kbox Global, to trial a supermarket vegan butcher counter - Veelicious. Situated at ASDA’s Watford store, the counter will open in the New Year as a six month trial to coincide with Veganuary and will have a consistent vegan butcher offering - including facon, bean burgers, and meat-free meatballs.
France: As Brexit bites, salads and sandwiches run out at Paris M&S stores
British retailer Marks & Spencer said new trade rules in place since Britain left the European Union were delaying deliveries of some fresh food to its stores in France, where at least three branches had empty shelves. The items out of stock at three Paris branches of the retailer included sandwiches, black rice and edamame bean salad, and turkey tortilla with curry, according to labels on the empty shelves.


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Prime Minister Narendra Modi will flag off the 100th "Kisan Rail" from Maharashtra's Sangola to Shalimar in West Bengal via video conferencing on Monday.
"Kisan Rail has been a game changer in ensuring fast transportation of agriculture produce across the nation. It provides a seamless supply chain of perishable produce," the Prime Minister's Office (PMO) said.
The multi-commodity train service will carry vegetables such as cauliflower, capsicum, cabbage, drumstick, chilli and onion as well as fruits like grape, orange, pomegranate, banana and custard apple, it said.
There will be no bar on the size of consignment and Loading and unloading of perishable commodities will be permitted at all stoppages en route, the PMO said.
It also said that the Centre has extended a 50 per cent subsidy on the transportation of fruits and vegetables.


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Diesel prices have increased sharply as refiners have focused on producing gasoline, this has created supply issues in some spots of the country, as diesel is the dominant fuel for business.
According to a recent report on the Fox Business Channel it appears that refiners are about to switch things up and will soon be switching their focus to producing more diesel fuel.
This, as you may guess should bring down diesel prices across the country, while simultaneously causing gasoline prices to spike. Unfortunately for gasoline consumers, this looks to only add to the already higher priced, summer travel season.
So, if you're trying to plan ahead, keep this in mind.


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SanLucar, a premium brand for fruit and vegetables, celebrated its 10th anniversary of production in Tunisia with a commemorative event at the farm La Cinquième Saison in El Hamma in the region Gabés.
1,400 people attended the celebration, including employees and their families, the entire management team of SanLucar Tunisia, as well as numerous representatives of the Tunisian economy and government. Yves Graf, responsible for the company in Tunisia, thanked the whole SanLucar team for its endeavour and contribution to the company's development in the country.
SanLucar tomato crop on the farm La Cinquième Saison, located in the Tunisian region of Gabés
“After 10 years of activity without ever taking anything for granted, we can be proud of the progress of our company in Tunisia. Nowadays, we are presented in the country with the SanLucar farms La Cinquième Saison in el Hamma, Les Perles du Désert in Gabés and Flor’Alia in Bizerte. This success is undoubtedly due to the commitment, the quality and the experience of all the people that are part of the SanLucar team in Tunisia”, explains Graf. “It is precisely by working together and with energy that great things are achieved”, he concludes.
SanLucar is currently employing around 1,500 people in the north and south of the country, mainly in the cultivation of tomatoes, grapes and berries. The company is the first one in Tunisia which received the evaluation certification GRASP – which is included in the international standard GlobalGAP – confirming good social management. With the corporate responsibility programme d.r.e.a.m.s., SanLucar has launched numerous projects of social and responsible action.
In recognition of the company's continuous work to improve the labour conditions of its employees, this year SanLucar has received the National Prize for Social Progress.
SanLucar in Tunisia
SanLucar began its journey in Tunisia in 2008 when it discovered one of the best areas of the world to cultivate tomato: the region of Gabés, more precisely El Hamma in the south of the country. There is located the oasis La Cinquième Saison. Its soil benefits from the presence of a geothermal water source, which gives the tomato a unique taste thanks to the combination of natural minerals. By using the hot water sources, it is also possible to save a lot of heat energy.
On the Flor'Alia farm in the north of the country, SanLucar cultivates exclusive berry varieties, tested and selected in close cooperation with renowned international institutions. The farm Les Perles du Désert is destined for the cultivation of grapes.
SanLucar, a premium brand for fruit and vegetables, is a globally positioned enterprise with subsidiaries in Germany, Austria, Spain, Tunisia, South Africa, Ecuador, Benelux and Dubai. In 1993, the company was founded by Stephan Rötzer in Munich and employs approximately 2,800 people today, the majority of them on the company's own farms on three continents.
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What's Working in Promo Sales: Tips for Landing Orders in a Shaky Economy
The second half of 2020 has begun in earnest, leading us to hope (with millions of others sharing the same view) that these next six months will prove far kinder to commerce than the previous six. The COVID-19 pandemic has forced many modifications to business and the way it’s conducted, and companies have been working exceptionally hard to strengthen not only their identities, but also the livelihoods of the clients with whom they interact. No matter if we tab them as established, new or prospective, business partners have taken center stage this year, because distributors have been working hard to understand the psychology behind their needs and their standing within the business community.
Distributor sales professionals’ ability to close deals had been dependent on a number of factors before the coronavirus swept over the world anyway, but with the current state of the global economy making every transaction even more crucial than usual, it’s a critical time to review what’s working and what’s changed in sales. To explore some sales tactics and advice for the new normal and beyond, we connected with a trio of distributors and a sales manager at a major supplier. Here’s what they had to say.
Luke Sigle, account executive for The Vernon Company, Newton, Iowa, has always performed his duties as “a super competitive person,” offering a description that he feels is apt for most of his contemporaries, too. Given that admiration for pitting his talents against others’, he has seen the pandemic as a chance to affirm his curiosity for the diversity of clients’ projects and requests, while also expressing hope that such needs will continue to receive great attention.
“I always want to see this industry excel because relationships are at its core,” Sigle said. “I really give a ton of kudos to those who, during the pandemic, have adapted their business model to have it reflect an even greater enthusiasm for showing that they care about everyone who needs their services. There’s certainly been a mental shift to how we go about helping people, and that’s been excellent because I think we’re making a strong industry even stronger. We’re experiencing an ever-changing landscape, but I believe it’s one we’ll continue to navigate pretty well.”
What eases passage through the murky waters of current commercial interactions? For Casey Silseth, director of national accounts for HALO Branded Solutions, Sterling, Ill., “ingenuity” and “perseverance” resound as answers. And Silseth had an example in recounting a move he and his peers made surrounding personal protective equipment (PPE), the must-have buy of 2020.
“During the pandemic, everyone’s events were canceled, people were losing their jobs and the last thing my clients wanted was me trying to sell them a T-shirt,” he said. “They had bigger problems to deal with [in] trying to keep the lights on and their staff employed. … In a true solution-selling scenario, we figured out how to procure what our clients needed, PPE. With HALO, we had the relationships overseas with factories, and our global sourcing team started working overtime to help us procure these highly sought-after goods. I sent one email to a client that said, ‘I hope you are doing well. I understand that I’m not normally the person you would think of when it comes to personal protective equipment, but if your standard channels for acquiring masks, sanitizer, gowns, etc. are clogged up or out of stock, please let me know. We have the ability to procure these items for you. Please say ‘hello’ to your wife, and I look forward to catching up with you at the brewery next time we can all travel again.’
“Seven minutes later, the client called me and placed an order for 100,000 sanitizers,” Silseth continued. “So I started sending that email to everyone in my client database. To date, I have sold nearly $3 million in PPE for 2020. I don’t say that to brag. I just like to showcase that we can persevere when we are willing to go outside of our comfort zone, keep working the problem and never give up.”
“Whatever has to occur to keep people going, you have to be enthusiastic about making it so,” added John Helder, branded merchandise resourcer for HALO. “End-buyers are walking and not leaping, and you have to respect this. There are people who always want to sell a Mercedes, so to speak, but there are times when a Cadillac or a Chevy is what will carry the day.”
Strengthening relationships isn't limited to those with customers, too. Now is as good a time as any to strengthen relationships with suppliers, service providers and others in the promo industry. This is a little more difficult now that in-person events are on hold, but there are plenty of virtual events that have sprung up in their place. Some of these events are even designed specifically to generate business in the current market. You can check out one of them, our Back to Business Virtual Power Meeting, here.
Paul Keely, president of King Print & Promo and a former Power Meeting attendee, says the supplier relationships he’s developed from previous Power Meetings have helped his business for years, as has the idea-sharing with fellow distributors he’s met at the events. That’s why he signed on again for the Back to Business event.
“COVID has definitely messed up our mojo, primarily because A) many of our customers have been severely restricted and are looking at spending freezes, and B) it's forced us to change the processes that have worked so well for 20-plus years,” Keely said. “[I’m] looking forward to learning how others are coping.”
Promo suppliers likewise enjoy their roles in giving distributors a boost. With tens of thousands of distributor connections, SnugZ USA, West Jordan, Utah, has certainly been doing its part to bolster its industry allies’ success rates. Steve Rone, national sales manager for SnugZ, wishes for that tie to become even tighter as the rest of 2020 unfolds, and as everyone in the field yearns for a rebound year come 2021.
“There have been so many topics to consider over the last few months, with the supply chain, opportunities to reopen the economy, the stability of our work and the scope of our partnerships being among the most documented,” Rone said. “I think we really have to hand it to people who have been embracing the craziness, meaning the pace involved in keeping orders flowing and the persistence that they’ve shown in making it known that although the pandemic has certainly altered what we’re doing, we are going to persist and thrive. That success might not immediately be on our terms, but it’s still going to be a cause to remain hopeful.”
As that prosperity takes shape, Helder holds that closing sales will come to owe more to distributors’ abilities to forge friendships than to their skillsets, although the latter are still vastly important because of the sheer number of businesses in the industry. Like his HALO colleague, he sees providing a personal touch as an honest gateway to becoming the first person to receive a call from someone in need.
“You should always want to make clear just how beneficial your services are to someone,” Helder said. “The main mission these days should be making it obvious that you offer more bang for their buck. On the product side, variable data goes a long way toward showing that. People want and need to feel special. Feed that vital thinking with personalized items.”
Learn and Adapt
With respect to closing sales, most in the industry are hoping for a relatively swift return to face-to-face interactions as a way to increase end-buyers’ confidence levels. Minus such exchanges and, perhaps, traditional sales conversations at events, conventions and other gatherings (the lack of which has Silseth forecasting the domination of email), an all-hands-on-deck attitude has intensified among distributors and suppliers. Rone believes that the new normal should prove a prime opportunity to learn even more from one another.
“I love the entire creative process, and my fellow suppliers feel the same way,” he said. “These days, and we’ve seen it with some novel PPE products and non-health-related goods, the creativity level is off the charts. I’d love to see suppliers gain more footing in the creative process so that great ideas become even greater. While challenging times are upon us and might even become more daunting, there’s no time for a doom-and-gloom feeling to receive any support, so I’m all for being about increasing trust and spotlighting what we can contribute to each other’s goals.”
Rone, who quipped that not furthering camaraderie is akin to trying to thread a needle in the dark with strangers, would fare well in a conversation with Silseth, who posited that promotional product distributors and suppliers “need to really pay attention.”
“I believe that as we come out of this economy, we are going to see a lot of highs and lows,” Silseth said. “People talk about the new normal and what that is going to look like. As of today, we are seeing a resurgence of the virus in certain states and countries. We still don’t have a viable date on a vaccine. Some companies will close their doors for good.
“We have lived in a good economy for the last eight years and an especially good economy the last three years,” he continued. “The vibe I get is companies are going to be slow to recover, and frivolous spending will be eliminated. Organizations know that they need to keep employees safe, healthy and happy. I think the focus will shift to what we can do to help clients give that feeling of safety, health and appreciation to their employees.”
Through April, May and June campaigns, HALO reaped the benefits of having made that shift, with hand sanitizer distribution to customers in the first month inspiring the company to send boxes of cloth masks and handwashing decals the next two months. Strategic e-blasts that alert them to necessities such as back-to-work kits have been successful, too.
“It’s easy to reschedule trade shows and company retreats, but what about the awards receptions and recognition events that were canceled?” Silseth asked in exploring another area through which distributors can make sales. “These employees earned something, and I think organizations are starting to realize that they can still recognize these achievements without the big trips and the fancy receptions. We are packaging together meal delivery with custom gift packages and virtual sunglass fittings to really give a ‘wow’ experience to these individuals who earned something. Since the organization isn’t paying for flights and hotels, we have gotten some really big budgets to work with as well, which allow us to get really creative with the experience.”


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London’s Digital Investors Beware: Thieves Steal Smartphones for Fraudulent Gains
London is a hub for digital investors, with many individuals and companies investing in the latest technology and digital advancements. However, with the rise of digital investments, there has also been an increase in smartphone thefts, with thieves targeting individuals for their smartphones to gain access to their digital investments.
Smartphone thefts have become a common occurrence in London, with thieves targeting individuals on the streets, in public transport, and even in their homes. The thieves are not just after the smartphones themselves, but also the valuable information stored on them, including access to digital investments.
Digital investments are becoming increasingly popular, with many individuals and companies investing in cryptocurrencies, stocks, and other digital assets. However, with the rise of digital investments, there has also been an increase in fraudulent activities, with thieves using stolen smartphones to gain access to digital investments and steal funds.
Investors need to be aware of the risks associated with digital investments and take steps to protect their investments. One of the most important steps is to secure their smartphones and other digital devices with strong passwords and biometric authentication. This will make it more difficult for thieves to gain access to their digital investments.
Investors should also be cautious when using public Wi-Fi networks, as these networks are often unsecured and can be easily hacked. It is recommended to use a virtual private network (VPN) when accessing digital investments on public Wi-Fi networks.
Another important step is to regularly monitor digital investments and report any suspicious activities to the relevant authorities. This will help to prevent fraudulent activities and protect investors from financial losses.
In conclusion, London’s digital investors need to be aware of the risks associated with smartphone thefts and take steps to protect their digital investments. By securing their smartphones and other digital devices, using secure networks, and monitoring their investments, investors can protect themselves from fraudulent activities and ensure the safety of their digital investments.


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Indian Scout £10,399 | 100bhp@8000rpm | 72-lb-ft@5900rpm | 1133cc liquid-cooled V-twin
Tested by Roland Brown. Motorcycle Journalist and former international racer, Roland Brown is one of the world’s most respected bike testers. Subscribe to his fantastic YouTube channel – iMotorcycle Video – here.
Indian has made a big impact since being reborn with a range of three Chief models a year ago. The big, nostalgically styled V-twins have been competitive in US comparison tests and have quickly become so successful that Indian is set to outsell its sister company Victory after barely 12 months in business. And now the marque is broadening its range with an all new model: the Scout.
The Scout was traditionally Indian’s sportier V-twin: lighter and smaller in capacity than the Chief even when the original model was released in the 1920s. It’s the same story almost a century later. The new Scout has a capacity of 1133cc to the Chief’s 1811cc, weighs considerably less and is notably sportier and more modern in its design and performance.


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- 3 min read
IHG Hotels drives towards sustainability with Sunfuel Electric
Sudeep Jain, managing director of IHG Hotels and Resorts, talks about his company’s sustainability plans and signing a deal for EV chargers on their properties across India.
IHG Hotels and Resorts and Sunfuel Electric have signed an MoU to install EV charging stations in IHG properties across India and ET HospitalityWorld spoke exclusively with Sudeep Jain, managing director, IHG Hotels and Resorts on his brand's plans for sustainability in the country. This is an excerpt from the conversation.
Jain began by saying that as a company they had taken the route that they needed to be a sustainable concern—something they call their ‘Journey to Tomorrow’.
“The Journey to Tomorrow is making sure that the whole world is better for our stakeholders, our planet, and our communities. In that we have made commitments about what we're going to do, which includes measures ranging from carbon reduction to getting rid of plastic. So, there's a whole lot of commitments over a period of 10 years. This is a long-term journey which we had already begun pre-Covid,” Jain said adding that the beginnings of the sustainability drive began with simple things like stopping use of plastic in hotels, starting with straws, then using bulk amenities so that individual plastic containers would stop as well, ranging all the way to recycling water and using renewable energy.
While working on the ways in which to support sustainability IHG came across Sunfuel Electric and the work that they did.
“It was a win-win solution for both of us as electric vehicles are here to stay for the long haul and we wanted to get ahead of the game and start installing chargers in our properties,” Jain said.
In phase one of the venture, IHG would place the Sunfuel Electric charger in 17 or 18 of the group properties across India. The plan was to start putting them in more properties as the sector ramped up, he added. “It is a pan-India deal, and I wish I could say all hotels at all levels. We work together with them to pick the hotels where we'd want to put them,” he said, hinting that it depended to an extent on the level of EV vehicle adoption in areas or whether they were on routes used by EV vehicles which affected the installation.
Jain was not willing to share numbers and costs of the implementation, and said that currently the facilities would be open to everyone — typically those who stayed or were using the F&B facilities, to hotel guests staying at the property. There was an option where charges could be made available at a cost to customers, but that was a decision taken by the property.
On the subject of when sustainable hospitality would make business sense for hotels in India, Jain began by specifying that “business sense” meant more than lower costs, it meant sustainable revenues.
“I think that the pressure is on the revenue side, because more and more conscious customers in the world are going to start making their choices based on how sustainable the hotel is. So, it will start making business sense from both from the revenue angle, as well as from the cost angle,” he said.
The future was sustainable hospitality, Jain felt, adding that the customer now was much more evolved, and would make smart sustainable choices. And hence it would become very important and the right business decision for the owners to make.
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Parcelforce Worldwide has opened a new parcel sort hub in Chorley, Lancashire, as part of parent Royal Mail’s investment in growing its parcels business. The site is capable of processing up to 120,000 parcels per day and will operate alongside its existing national and international hubs in Coventry. Some 120 jobs have been created by the opening of the hub, and follows an investment in 12 of its depots within the last year. MD Gary Simpson said: “The new parcel […]
Courier CitySprint has acquired Warrington-based Sameday UK, its 10th acquisition in three years.
Parcelforce Worldwide is to begin making deliveries for online retailers on Sundays next month as parent company Royal Mail Group plans to make its services more accessible to consumers.
It’s been a dramatic year in home delivery. ArrowXL was forced to watch one of its key hubs burn to the ground, and DX Group lost its senior leadership team after years of unrest and financial turbulence. To recap what’s happened in the sector in 2017 here’s a look back at it, neatly boxed up for you.


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Kaspersky Lab has announced the opening of its first Transparency Center, located in Zurich Switzerland.
The Transparency Center will allow authorized partners to access reviews of a company’s code, software updates and threat detection rules, while governments and partners will be provided with information on products and security, including essential and important technical documentation that can be evaluated in a secure environment.
In addition, the company announced that threat-related data shared by European users will now be processed in two new, state-of-the-art data centers, also located in Zurich.
“The relocation of data processing is part of a major infrastructure move designed to increase the resilience of the company’s IT infrastructure to risks of data breaches and supply-chain attacks. The move also reflects the company’s determination to assure the integrity and trustworthiness of its products, services and internal processes,” the company wrote in a press release.
Malicious and suspicious files shared by users of Kaspersky Lab products in Europe will immediately be processed in the two data centers. The data includes suspicious or previously unknown malicious files and corresponding meta-data that the company’s products send to Kaspersky Security Network (KSN) for automated malware analysis.
The opening of the Transparency Center — along with the data centers — is the first part of a relocation plan made by Kaspersky in late 2017 as part of the Global Transparency Initiative.
“Transparency is becoming the new normal for the IT industry — and for the cybersecurity industry in particular,” said Eugene Kaspersky, CEO of Kaspersky Lab. “We are proud to be on the front line of this process. As a technological company, we are focused on ensuring the best IT infrastructure for the security of our products and data, and the relocation of key parts of our infrastructure to Switzerland places them in one of the most secure locations in the world. The promises made in our Global Transparency Initiative are coming to fruition, enhancing the resilience and visibility of our products. Through the new Transparency Center, also in Switzerland, trusted partners and governments will be able to see external reviews of our products and make up their own minds. We believe that steps such as these are just the beginning, for the company, and for the security industry as a whole. The need to prove trustworthiness will soon become an industry standard.”


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Zimbabwe has banned the import and sale of second-hand underwear after the Finance Minister said women should not suffer the indignity of wearing hand-me-down lingerie.
But the minister, Tendai Biti, has been accused of getting his knickers in a twist, with critics saying the ban will cause job losses among market traders and boost sales of new clothes from China rather than helping the once-vibrant Zimbabwean textile industry, as he intended.
In an outburst last month, Mr Biti said husbands who bought their wives undergarments at flea markets were failures. "I am told we are now even importing women's underwear in this country. How does that happen? If you are a husband and you see your wife buying underwear from the flea market, you would have failed," he said. "If I was your in-law I would take my daughter and urge you to first put your house in order if you still want her back."
Donated clothes from Europe and the US are sold by Western charities across Africa to traders who are the lifeblood of markets on the continent. But new clothes and shoes from China are increasingly within the reach of ordinary people.
Zimbabwe's legal amendment came into force on 30 December and was published last week. Ghana banned the sale of second-hand underwear in 2010.
The Daily News reports that most of the second-hand clothes sold at Mupedzanhamo Market in the capital, Harare, are smuggled from Mozambique. One trader told the newspaper: "Second-hand underwear and other clothes we sell here are of better quality than new items in the stores. Zimbabweans are very selective and they choose the best in the bales. We wash the stained ones."Reuse content


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The Federal Government has said that one of the ways to boost job opportunities in the country is to relax the ease of doing business.
Minister of Trade and Investment, OKECHUKWU ENELAMA who gave this indication said government was doing all possible to reverse the negative report on ease of doing business on the country by the World Bank.
He said the federal government is determined to make Nigeria the most investment friendly country in Africa.
The Minister however said Nigerians also have a critical role to play by patronizing local products.
There you heard the Minister of Trade and Investment, OKECHUKWU ENELAMA.


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President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
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Investors don't seem to have much confidence in Walgreens Boots Alliance, and the drugstore chain hasn’t said much to ease their concerns.
Walgreens is testing new concepts, including adding optical and vision services to some stores. It’s also partnering with health-care companies, such as insurer Humana to open two senior-centric stores and LabCorp to offer lab testing in a handful of stores.
It hasn't outlined its grand vision, though, to the frustration of some investors.
Walgreens' traditional rivals are trying to sell investors on their futures as they pursue massive deals. CVS Health is acquiring health insurer Aetna for $69 billion in a deal it says will transform it from a company that fills and manages prescriptions to one that can serve a broader range of consumers’ health needs. Grocery chain Albertsons is buying Rite Aid in a deal the two are hoping will combine its grocery business with Rite Aid's pharmacies.
But perhaps Walgreens' biggest rival yet is just entering the space. E-commerce giant Amazon is buying online pharmacy PillPack, a move that could reshape the prescription drug delivery industry. The mere threat of Amazon has hung over Walgreens, CVS and Rite Aid's stocks, as investors fear the e-commerce giant will crush retail pharmacies the same way it has bookstores and toy stores.
Its acquisition of PillPack on Thursday rattled them even more. Walgreens shares tumbled 9 percent, CVS' slid 6 percent and Rite Aid's lost 11 percent. The three lost $11 billion in market value Thursday alone.
Walgreens lost $6.3 billion in value, bringing its market capitalization to $59.51 billion.
News of the deal broke Thursday during an earnings call between Walgreens executives and Wall Street analysts. CEO Stefano Pessina told them he's "not particularly worried." He said that doesn't mean Walgreens isn't complacent, but it also doesn't mean the company's going to go out and buy something in response.
"I have always said that we have to separate the emotions from the facts," he said. "We don't see any reason to be worried. We are not complacent. I repeat this. We have a clear plan. And I believe that we will continue with the execution of our plan."
Yet Walgreens hasn't given investors much insight into the plan. Pessina deflected questions about it last month at the company's analyst day. He said Walgreens has a strategy — he just can’t say what it is.
“The only thing that I can tell you is that we understand the world around us,” he said. “We understand the changes that the world is going through, and we will adapt our business to follow it. I wouldn’t say it if I have not, if we have not a clear strategy in mind. We are testing. You can see some of our tests. You don’t see what we are doing behind the scenes. The only thing I can tell you is that we work for it, and at the right time, we will see whether or strategy will work or not.”
Even without the Amazon announcement, investors were concerned about Walgreens' third-quarter results, including soft same-store sales numbers, particularly at the front of the store, where the drugstore sells greeting cards, household items and personal care products.
Management not wanting to talk about its strategy is frustrating investors, said Jefferies analyst Brian Tanquilut.
J.P. Morgan analyst Lisa Gill said Walgreens’ management isn’t communicating its strategy as best it could, and investors want to see results.
However, she said these things take time and it’ll take about five years to see whether CVS or Walgreens’ approach is better. CVS is betting its future on a large deal, while Walgreens is sampling different partnerships.
“Even people who claim to be long-term investors need short-term results,” she said. “They want to put their investment thesis on, and it’s just not enough for people. So I think that’s why people keep asking, asking, asking.”
With Amazon entering the space, the questions aren't likely to end anytime soon.


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Grayscale Investments has disclosed that it now holds 2% of the available Ethereum, as well as 2% of the Bitcoin that is available in the marketplace. The company recently received an investment from the Rothschild Investment Corporation (RIC), and offers a range of cryptocurrency investment products to established investors. The company has around $6 billion in assets under management, and typically deals with major funds and family offices, not retail investors. It attracted a record $1.05 billion in deposits in the Q3 2020, and around $720 million of that money flowed into Bitcoin. The company plans to continue to accept new investments, and buy cryptocurrencies for its clients.
Why it matters: Mainstream investments in cryptocurrencies continues to gather strength. While Bitcoin was shunned by the mainstream investment community during its wild bull market in 2017, more and more established investors are turning to Bitcoin and Ethereum as major central banks create trillions in new money to address deep problems in the worlds' largest economies. Cryptocurrencies have the advantage of being limited in quantity, and not responding to economic factors like a downturn in economic output, which central banks address by creating money. As the global economy continues to suffer, well established tokens like Bitcoin should see strength, and wider use in the real economy.


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It’s real. The PlayStation 4 is no longer a rumor even if we don’t know what it looks like. Sony’s decision to announce a new console four months before the Electronic Entertainment Expo (E3), a game industry trade show that takes place in Los Angeles every June, means that the PS4 gets the gaming public’s full attention. It’s not competing for the spotlight against rivals Microsoft and Nintendo.
Gamers were watching closely. GamesBeat gathered a handful of reactions from Twitter and popular gaming forum NeoGAF to gauge the Internet response to “Panty Raid” engines and Square Enix’s uneventful announcement, among other points of interest.
NeoGAF didn’t seem impressed with Knack:
Sony didn’t show off the console, and fake Kaz Hirai, a parody Twitter account of the president and CEO of the Sony Corporation, has something to say about that:
I am proud to announce the PS4 is the worlds first invisible game console!
— CEO Kaz Hirai (@KazHiraiCEO) February 21, 2013
In the minutes leading up to the event, fans were tweeting about their expectations:
I'm expecting lots of Vidya games and 599 US Dollars. #PS4
— Hector Ascencio (@Doc703) February 20, 2013
I thought it would be appropriate to watch the PS4 launch on the PS3 but that doesn't seem to be possible. Who's the idiot – me or Sony?
— Tom Parsons (@TomParsons) February 20, 2013
Mark Rein, the vice president and co-founder of Epic Games, which develops Gears of War and the Unreal Engine:
— Mark Rein (@MarkRein) February 20, 2013
Cliff Bleszinski, formerly of Epic Games, wanted to see more new franchises:
As a lover of new IP I'm a bit bummed by the lack of it from the ps4 news.
— Cliff Bleszinski (@therealcliffyb) February 21, 2013
Nick Chester, the publicist at Harmonix:
They're going to show the PS3 Killzone 2 demo, but it'll actually be the game this time!
— Nick Chester (@nickchester) February 20, 2013
The fanboys didn’t waste any time bashing the PlayStation 4:
— Mr MVP (@AsapKieron) February 20, 2013
— أبو وكيع (@The_Saheel) February 21, 2013
Ps4 just got announced. Not going to be that great #teamxbox
— Hunter Kemp (@HunterKemp47) February 21, 2013
Publisher and developer Square Enix’s massive non-announcement received some criticism:
— tryfe (@tryfe) February 21, 2013
So to sum up, Watch Dogs and Capcom stole the show, Square Enix just embarrassed themselves.
— David Amador (@DJ_Link) February 21, 2013
Square-Enix understands that it's only graphics that make great games, not gameplay.
— Tyrone Rodriguez (@tyronerodriguez) February 21, 2013
square enix showed a tech demo and had a guy say "please be excited for new Final Fantasy". nice job at your job
— bug (@greathaircut) February 21, 2013
Ever have a dream where you were at a final you hadn't studied for? That just happened to Square-Enix in real life. #playstation2013
— Dorkly (@dorkly) February 21, 2013
Street Fighter maker Capcom’s non-announcement and the Panta Rhei (Panty Raid) Engine:
Did capcom just announce the Panty Raid engine? #capcom
— Egg Fou (@eggfou) February 21, 2013
I like the scary music accompanying the Capcom representative. #playstationstream
— LittleKuriboh (@yugiohtas) February 21, 2013
Capcom's Panty Raid engine is impressive.
— Andrew Reiner (@Andrew_Reiner) February 21, 2013
Panta Rhei sounds like cake #ps4 I hope its delicious
— lola (@chibilola) February 21, 2013
Panty Raid Engine might be the closest this generation gets to "Riiiidge raaacer!". I'm ok with that. #PS4
— Megan Fox (@glassbottommeg) February 21, 2013
Codename Panty Raid
— Jeff Gerstmann (@jeffgerstmann) February 21, 2013


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Blue Ocean Academy has conducted a free webinar on the topic ‘Managing supply chain risk and disruption’. Around 100 professionals attended the webinar.
Following are the important points discussed in the webinar:
COVID-19 was an unprecedented crisis that affected the supply chain management of several organizations. Earlier, companies considered that the flow of raw materials will be continuous if they have contracts. However, the crisis has proved that the contracts and agreements are of no use when a global disruption occurs. The event has forced many companies, and industries, to rethink and transform their global supply chain model. It has also exposed the vulnerabilities of many organizations, especially those who have a high dependence on China to fulfil their need for raw materials or finished products.
How can organizations respond to the immediate change?
For companies that operate or have business relationships in China and other impacted countries, steps may include:
Educate employees on COVID-19 symptoms and prevention
Reinforce screening protocols
Prepare for increased absenteeism
Restrict non-essential travel and promote flexible working arrangements
Align IT systems and support to evolving work requirements
Prepare succession plans for key executive positions
Focus on cash flow
For companies that produce, distribute, or source from suppliers in China and other impacted countries, steps may include:
Enhance focus on workforce/labor planning
Focus on Tier 1 supplier risk
Illuminate the extended supply network
Understand and activate alternate sources of supply
Update inventory policy and planning parameters
Enhance inbound materials visibility
Prepare for plant closures
Focus on production scheduling agility
For companies that sell products or commodities to China and other impacted countries, steps may include:
Understand the demand impact specific to your business


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Ford (NYSE:F) has been sluggish to expand its presence in the emerging markets in the last ten years, but things are changing now. The recent increase in the company's share price indicates that Ford is improving and may soon reach pre-recession levels.
Shifting Focus Toward Other Markets
Ford has finally realized the importance of making its presence more prominent in the emerging markets. Inspired by its success in India, the company has now turned its attention to the Middle East and African markets. Ford expects these markets to be one of the biggest growth drivers, thus the company has assigned high priority to them. Ford and its Lincoln luxury brand announced that it will be launching 17 new or upgraded vehicles in the Middle East and Africa over the next two years. Ford didn't reveal its complete portfolio, but the company did confirm that it will be offering the highly successful Ford Fusion and EcoSport to its customers.
Ford's sales in this market have already grown by 60% in the last four years, and the company expects an additional increase of 40% before the end of 2020. Presently, Ford sells about 200,000 vehicles annually throughout the Middle Eastern and African segment, commanding a tiny market of 5%. Out of this, the Middle East accounts for 30% of its sales while North Africa and sub-Saharan Africa accounts for 13% and 10% of sales, respectively.
- Warning! GuruFocus has detected 4 Warning Signs with F. Click here to check it out.
- F 15-Year Financial Data
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According to Boston Consulting Group, sales in the Middle East and Africa market can grow from 3.7 million units in 2013 to nearly 5.8 million units in 2020. To capitalize on this growth opportunity, Ford will be combining four separate regions — North Africa, sub-Saharan Africa, South Africa and the Middle East — into a single business unit. This unit will comprise of 47 markets and its functioning will be overseen by Jim Benintende, a 36-year Ford veteran.
In order to cater to the needs of its customers, Ford will also improve its dealer network and expand parts accessibility throughout the market. Ford claims that the expansion of dealer network was the primary driver behind its 20% year-over-year growth in sales in this segment, and further enhancement should boost sales.
Ford Earnings: Another Reason to Buy
Ford has been improving its earnings consistently and the last quarter was no exception. The company declared its third-quarter results in October and it reported EPS of $0.45, crushing the consensus estimate of $0.38. Ford's earnings growth has been impressive as the automaker has managed to surpass analyst estimates in each of the last four quarters, with an average beat of 17%.
Going forward, Ford is estimated to earn $1.83 per share in fiscal 2014, which indicates that analysts are expecting growth in the future. Furthermore, Ford's earnings are expected to grow at a CAGR of 15% for the next five years, therefore it looks like a worthy buy right now.
Ford has turned its business around quite successfully in North America while sales in Europe are also recovering. In addition, the company's sales in the Indian market are also increasing, which is good news as India is the second-most populous nation in the world. Now, the company has turned its attention towards the Middle East and Africa market and is planning to launch new products which can boost its earnings further. Ford has appreciated more than 30% this year but it still trades at a reasonable 12 times trailing earnings. The dividend is a sweet 2.40% while the earnings growth expectation for the next five years is almost 15% per year. Ford is making some interesting moves in the Middle Eastern and African market; therefore investors can look forward to stronger top and bottom line growth in the future.


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MCDONALD'S fans are listing Big Macs and chicken McNuggets on eBay after the fast food chain closed all of its stores yesterday evening.
Cheeky customers are hoping to cash in on desperate fans by flogging their last orders online.
⚠ Read our coronavirus live blog for the latest news & updates
A Big Mac bought before branches closed at 7pm last night is being sold for £1.20 on eBay, after attracting two bids.
All proceeds from the sale has been pledged to NHS Charities Together, which supports those working on the frontline of fighting the pandemic.
The snack comes in the original box and with its order receipt and is meant to be a collectors item.
The seller added: "This is a collectors item only and I DO NOT recommend eating this burger.
"Please note that while all measure have been put in place to ensure the pristine condition of this burger the likelihood of this burger deteriorated is high."
Another seller has listed an entire large Big Mac meal, complete with fries, Coke and extra curry sauce.
It has a starting price of £2.88, despite costing around £5.29 to buy directly from McDonalds, although no one has made a bid on it yet.
Boxes of 20 McNuggets have also made it onto the auction site, with one seller even listing them as "rare".
The seller says that the box is "missing" six nuggets and, despite being listed for £2.40, they are willing to swap them for a pack of four Andrex quilted toilet paper.
The jibe is referring to the lack of loo roll in supermarkets across the UK as Brits stockpile essential items in anticipation of a lock down.
Another, complete, box of 20 nuggets is also for sale on eBay for 99p.
Of course, the food is perishable and shouldn't be eaten if you do end up buying it.
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Another person is even trying to make some cash by flogging a McDonalds Burger wrapper and bag, advertising is as being bought in "2020 last day before shut down".
There's no guarantee that any of the items will actually sell on eBay as they're only worth what someone will pay for it.
The popular fast food chain announced that it would be closing all 1,350 restaurants in the UK and Ireland on Sunday.
It came after PM Boris Johnson ordered all pubs, restaurants and cafes to close in a bid to stop the spread of coronavirus on Friday night.
Most major retail chains have now shut their doors over the escalating coronavirus pandemic.
Most read in money
It's not the first time sellers have tried to cash in on COVID-19 panic.
Toilet rolls have been listed online for more than £1,000 after stockpiling has cleared supermarket shelves, while Lidl hand sanitiser was being listed for £40 despite costing just 50p in the first place.
McDonald's did not wish to comment. The Sun has contacted eBay for comment.


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The National Association of Manufacturers (NAM), the nation's oldest and largest broad-based industrial trade association, is urging Congress to consider accelerating the tax cuts that were made into law last year.
NAM President, Jerry Jasinowski, explained that the nation was on the brink of recession before the recent terrorist attacks, and cautioned that those attacks likely pushed the economy into a recession.
"Now millions of American businesses find themselves struggling to keep their doors open and their workers employed", said Mr. Jasinowski. "We urge the Bush administration and the Congress to act quickly on tax measures that will raise business and consumer income with modest impact on the overall federal budget."
In addition to speeding up the individual tax cuts that are currently scheduled to go into effect over the next 10 years, NAM is urging Congress to lower corporate income tax rates by five percentage points and repeal the alternative minimum tax for corporations.
Congress is considering a package of tax cuts and spending increases, including measures that would benefit individuals and companies.


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Bmw has priced the x7 m50i dark shadow edition at 119495 plus a destination charge of 995 which adds up to 120490.
Bmw x7 shadow edition.
The bmw x7 is getting a special edition called the dark shadow edition.
What engine will the bmw x7 dark shadow edition use.
Bmw reveals rare 115k x7 dark shadow edition suv.
All of bmws latest electronic driver assist features are also included.
The order books for the 2021 x7 dark shadow edition are now open and production is slated to start in late 2020.
Bmw has revealed the x7 dark shadow edition a limited run version of its luxury suv thats set to arrive later this year.
Only 500 of these menacing v8 monster trucks will be built with just 10 coming to the uk.
And with 75 units planned for the us its also the most exclusive version of the x7 youre likely to find.
Just 500 dark shadow edition cars will be built worldwide with only 10.
Bmws 2021 x7 dark shadow edition is the ultimate luxury goth suv.
Bmw has used the m50i model as a base which means its the fastest and.
Bmw x7 dark shadow edition limited to 600 units coming in august 2020 600 vehicles will be built for customers around the world with approximately 75 units reserved for the us.
It looks like a shadow so the name works.
The standard x7 m50i on the other hand starts at 99600.


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- ROCKPORT HEAD: Adidas AG has appointed Michael Rupp, chief operating officer of Reebok and an Adidas veteran since 1987, as president and chief executive officer of The Rockport Co. Effective Jan. 1, Rupp will be based in Canton, Mass., and will report to Herbert Hainer, ceo and chairman of the board of Adidas AG. Rupp will succeed Rick Paterno, who led the brand for seven years and is leaving at the end of the year to pursue other interests.
- YMA PARTNERS WITH GROMWELL: YMA Fashion Scholarship Fund has partnered with Gromwell Fashion Recruiting, a division of Gromwell LLC. The multiyear alliance will include sponsorship of the YMA Geoffrey Beene Fashion Scholarship Dinner scheduled for Jan. 9 and YMA Fashion Scholarship Fund's Human Resources Conference on Oct. 2, which will bring together human resources representatives from leading industry companies, career placement counselors from participating YMAFSF colleges and universities and senior executives from YMAFSF's governor corps to discuss how to effectively work together to attract young talent to the industry.
- FASTER FASHION: J.C. Penney Co. Inc. is adopting product life-cycle management software from Parametric Technology Corp. to manage its private label business and reduce its time to market, PTC said Tuesday. FlexPLM software will let the retailer's far-flung product development teams and suppliers collaborate more easily by providing one view of product specifications and development. Better coordination between product designers, raw materials suppliers and testing services will help J.C. Penney speed design and manufacturing. "Globalization, fast fashion and the need to reduce time between design concept and delivery to consumer are three drivers leading players in the retail, footwear and apparel industry to implement PLM solutions," said Kathleen Mitford, vice president of vertical market strategy for PTC.
“My personal philosophy to beauty is paying attention to oneself. I love to be outdoors, lots of fresh air, trying to take care of yourself as best you can. I always notice that comes through,” says Felicity Jones, the global face of @shiseido-owned @cledepeaubeauteus, which launches today. Head to WWD.com to read more about the actress’ love for beauty and how she prepared for her new role in “The Basis of Sex,” playing the young Ruth Bader Ginsburg. #wwdbeauty (📷: @dandoperalski)
For men’s fall 2018, @giuseppezanotti drew on elements from streetwear, sport, biker, combat and rock ‘n’ roll. Pictured here are a pair of shoes from the collection, featuring zippers, rhinestones, and silver hardware. Head to WWD.com to see a roundup of the accessories from Milan’s men’s fall 2018 shows. #wwdfashion (📷: Andrea Delb)
To celebrate the 25th anniversary of @ralphlauren’s snowboarding collection, the brand is mining its archives. The iconic brand is reintroducing vintage styles and dropping new designs for a color capsule that will be available in Ralph Lauren stores and @openingceremony on January 25. The capsule will consist of 10 pieces, including the Snow Beach Pullover, pictured here, which is a collector’s item that rapper Raekwon wore in Wu-Tang Clan’s “Can It Be All So Simple” video. #wwdfashion (📷: Tom Gould)
For @rochasofficial’s pre-fall 2018 collection, creative director Alessandro Dell’Acqua channeled the sophisticated and intriguing Catherine Denevue in the film “Belle de Jour.” Polished collarless coats, midi skirts, suits and ’60s graphic motifs were all featured in the collection, adding a sense of discreet luxury. See the rest of the photos on WWD.com #wwdfashion
“We tried to produce clothing of that couture quality, but the most daunting part was that we only had a matter of days [to do it],” said costume designer Lou Eyrich, who recreated Gianni Versace’s iconic looks for @americancrimestoryfx. Eyrich searched online retailers and vintage shops for original pieces from the design house and for @penelopecruzoficial, who plays Donatella Versace. Head to WWD.com to read how she created the Versace world. #wwdfashion
Only three months after her stellar debut catwalk season, @kaiagerber has inked her first big design collaboration –– with @karllagerfeld. The collection blends Lagerfeld’s Parisian chic aesthetic and the model’s signature West Coast casual style via RTW, accessories, footwear and more. The #KarlLagerfeldxKaia collection will launch in September with a series of events. Get all the details on WWD.com. #wwdnews #wwdfashion
Harrods plans to remove the famous statue of Princess Diana and Dodi Al Fayed from the bottom of the Egyptian escalators and hand it back to Mohamed Al-Fayed. “We are very proud to have played our role in celebrating the lives of Diana, Princess of Wales and Dodi Al Fayed at Harrods and to have welcomed people from around the world to visit the memorial for the past 20 years,” said Michael Ward, Harrods managing director. “With the announcement of the new official memorial statue to Diana, Princess of Wales at Kensington Palace, we feel that the time is right to return this memorial to Mr. Al Fayed and for the public to be invited to pay their respects at the palace.” More on the news, with reporting by @loreleimarfil, at WWD.com. #wwdnews