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Geneva-based Firmenich to merge with Dutch chemicals company
Swiss flavour maker Firmenich and Dutch company Royal DSM have agreed a deal to form a new fragrance giant.
The new company is expected to be a leader in nutrition, beauty and wellness products, according to a joint statement published on Tuesday.
Under the deal, which is conditional on approval from DSM investors, the Firmenich family will own about 34.5% of the new company, which will have a combined staff of about 28,000.
It is aiming for annual revenue of more than €11.5 billion (CHF11.9 billion) with dual headquarters in Switzerland and the Netherlands and be listed on the Euronext in Amsterdam.
The merger is due to be completed in the first half of next year.
Experts say the merger will try to challenge competitors including Swiss multinational Givaudan, which serves food giant Nestlé and luxury goods maker Richemont.
Firmenich is a privately owned company in the fragrance and flavour business and ranks number two worldwide in terms of market share. It has created perfumes for more than 125 years, according to the companyExternal link website.
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Those in the U.K. have been enjoying the Nokia Lumia 800 for a few weeks now, but it seems the Finnish phone maker may have something even better up its sleeve for those in the U.S. According to one source, the Lumia 900 — said to be Nokia’s high-end Windows Phone device — will launch stateside early next year, with a bigger display and a number of other enhancements over the Lumia 800.
The device will have “the same basic identity” as the Lumia 800, according to sources for Boy Genius Report, but it’ll be better in a number of ways. It will reportedly feature a 1.4GHz processor, a 4.3-inch ClearBlack AMOLED display, and an 8-megapixel camera.
BGR believes the U.S. will see the device shortly after CES in January:
We have also been told by a trusted source that Nokia is prepping a huge marketing blitz in the U.S. for January and February, which leads us to believe that we can expect the Finnish vendor’s new flagship Windows Phone to launch some time after CES in January.
It’s unclear whether the device will reach other territories, or whether other Lumia devices will join it in the U.S. But it certainly seems as though the Lumia 900 will be well worth the wait. The Lumia 800 has launched to a torrent of glowing reviews, so the enhancements in the Lumia 900 are sure to be well received.
Will you be holding on to your upgrade for the Nokia Lumia 900 next year?
[via Boy Genius Report]

domain: news


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Dara announced his role in a tweet yesterday -- with a nod to Opera and its initiatives in the country.
“Excited to announce that I’ve joined Opera to lead it’s new initiatives in Nigeria. Also, happy to introduce OList Nigeria. The work continues as we build a vibrant internet economy across Africa. Looking forward to engaging our users on here,” the tweet announced.
With years of experience in the classifieds and marketplace space garnered from Cheki between 2017 and 2019, Dara will head OList, the classified arm of Opera businesses in Nigeria as its managing director.
This is coming just two months after the payments arm of Opera, OPay, hired some executives from other tech companies in the past two years, including rival startup, Gokada.
Within this period, the company has gone on to launch several verticals with car-hailing service, OCar being the latest. And also expanded offerings to include online marketing services such as Opera Ads, OLeads, and now, OList.
From OTrek to OAir to ONigeria - We've heard it all... or, have we? Tell us, what should our next 'O' be? We might just have it developed. 😉 pic.twitter.com/VQATBawrlz
— OPay (@OPay_NG) November 20, 2019
Unlike other verticals available on the OPay super app, OList can only be accessed via its independent website.


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JOHNS CREEK, Ga. — A North Fulton native is looking to shake up the digital advertisement game.
Michael He, founder of Lovol Media, grew up in Alpharetta and studied economics and computer science at Harvard University. He worked with startup investing firms in Silicon Valley, before he decided to leave California and create a startup of his own, based in Technology Park in Johns Creek.
“There’s a lot of technical talent here, and business talent as well,” He said. “In places like Silicon Valley and New York, it’s very crowded and expensive to launch a pilot of this scale.”
His device is an LED screen than can be mounted in the rearview window of a car. Drivers may already be familiar with advertisement on the top of taxis, but He says Lovol is a totally new technology.
While top-of-car ads may work in pedestrian-friendly New York City, the rear window placement is better for traffic-congested cities like Atlanta, he said. The digital screen also allows advertisers to geo-target their desired customers.
“If you have a restaurant, we could say every car within five miles who has their device will show your ad,” He said. “As soon as you enter the five-mile radius, you can see, say, Wendy’s is nearby. ‘Turn right. There’s a McDonald’s.’ It gives people a hyperlocal way of targeting.”
He said Lovol offers an inventive and relatively inexpensive advertising solution.
“It really helps the advertisers because they can reach a lot more people a lot more effectively,” He said. “With billboards and online advertisement, people have mentally trained themselves to block out the ads. This is a new ad space that people haven’t expected before.”
For drivers, Lovol is targeting people who already drive professionally, like through Uber, Lyft or Doordash.
“This is a way for them to keep driving the routes they already take while earning a supplemental income without doing anything but putting it on their car,” He said.
There is often a bust and boom cycle for tech startups. With companies like Uber, Airbnb and Bird scooters excitement and promise turned into criticism and regulation.
He said that’s why Lovol is taking things slowly, working with law enforcement to ensure safety features are in place and starting with advertisements for local businesses before they pick up any big names.
Longterm, He and his small team say they want to see Lovol Media go national and maybe even international.
“A lot of people ask us ‘Why Johns Creek?’” He said. “We want to put Johns Creek on the map.”
To follow updates for Lovol Media, visit lovolmedia.com.


text: Have $17,000 to blow? Need an HD media player? Goldmund, a high-end home theater company, has just announced one of the world’s most expensive Blu-ray players. The Eidos 20 BD is a luxury media player in every sense of the word, and sports a number of distinct features including the "AC-Curator" power supply unit that ensures a clean source of power that, according to Goldmun "dramatically improves picture and sound stability and dynamics". Sure, but is it worth the $17,000 investment? Probably not, but we’re certain that won’t be much of a deterrent to the prospective audience. We’ve got a quick suggestion, though. Maybe it would be nice in the future to actually include hard specs on the $17,000 component you’re trying to sell. Just a thought.


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Silicon Valley Bank’s (SVB) rapid downfall led to rippling effects in the ecommerce world. The bank backed technology and ecommerce startups over its 40-year history. It sent retailers and vendors into crisis after some high-profile customers removed money from the bank, and others lost access to their deposits.
The Department of The Treasury, The Federal Reserve, and the FDIC issued a joint statement on March 12 announcing SVB customers would have access to their deposits the following day.
Here are some notable ecommerce companies with ties to SVB:
Online gaming company Roblox had 5% of its $3 billion in cash holdings in Silicon Valley Bank, it said in an SEC filing. That amounted to $150 million, an amount Roblox said would not impact operations.
Some Etsy sellers were unable access payments following the “rapid and unexpected collapse of Silicon Valley Bank,” the company confirmed in a forum post. Etsy told Retail Dive the delayed payments only impacted 0.5% of sellers, about 2,700. The website has since resolved the issue, according to an update on the post.
Etsy is No. 17 on Digital Commerce 360’s top 100 marketplaces.
Hims and Hers
Health and wellness company Hims and Hers was only minorly impacted, the company said. The company has “limited cash exposure,” from the collapse, according to a March 10 press release. The “vast majority” of Hims and Hers’ cash and investments are held with other banks, the company said.
Hims and Hers is ranked No. 310 in the Digital Commerce 360 Top 1000 ecommerce retailers in North America.
Online personal styling service Stitch Fix said in an SEC filing that it had a revolving line of up to $100 million in credit. $40 million of that money was from Silicon Valley Bank. However, it has no plans to draw on the credit. Current cash “will be sufficient to meet its working capital and capital expenditure needs for at least the next 12 months and beyond,” the company said.
Stitch fix is ranked No. 46 in the Digital Commerce 360 Top 1000.
Online bathing suit retailer Andie Swim banked with Silicon Valley Bank before it collapsed, CBS reported. Founder Melanie Travis said she could access her account for payroll and other needs but couldn’t move the money.
Andie Swim ranks No. 1058 in the Next 1000, Digital Commerce 360’s database of online retailers ranked Nos. 1,001 to 2,000.
Cost Plus Drugs
Mark Cuban said in a Twitter Spaces interview that the low-cost prescription medication company had $3.1 million in Silicon Valley Bank, Fortune reported. Cuban said leaders were “scrambling” to open new bank accounts, and he was personally writing checks to cover payroll. Cuban also said he personally had between $8 million and $10 million in the bank.
Canadian ecommerce company Shopify experienced a “very minor impact” from the bank’s collapse, CEO Tobi Lutke tweeted on March 11. Lutke wrote that Silicon Valley Bank was one of 12 that the company works with across the U.S. and Canada, and a “small portion of our U.S. operational fund flows” were involved.
Kaz Nejatian, Shopify COO, emailed sellers with an offer to lend them money to make payroll, Lutke shared in another tweet.
“This week has been insanely hard. If we can help, please let us,” Nejatian wrote.
Stay on top of the latest developments in the ecommerce industry. Sign up for a complimentary subscription to Digital Commerce 360 Retail News.
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IDC: Hard disk market to return to growth
The analyst firm claims HDD vendors have pressed the ‘reset button’ following natural disasters decimating manufacturing.
Hard drive disk (HDD) shipments are set to return to growth following a difficult 2011.
So claims research firm IDC, which believes the natural disasters in Thailand and Japan hit the HDD market hard but the future of 2012 was looking brighter.
HDDs will continue to be the primary storage technology used in PCs and enterprise systems for most of this decade.
The report claimed the first half of this year would continue to focus on repairing factories in the regions, but in the second half, HDD shipments will see a record year-on-year growth of 7.7 per cent following the 4.5 per cent decline in the previous year.
IDC also claimed the market would achieve a compound annual growth rate (CAGR) of 9.6 per cent between 2011 and 2016.
John Rydning, research vice president of HDDs at IDC and author of the report, said the troubles faced by the industry had given it the opportunity to start again with pricing structures, which had been falling at an excessive rate.
"In many respects, the hard disk drive industry has collectively hit the 'reset' button," he said.
"A reset of the HDD industry structure should allow for the remaining HDD industry participants to slowly reduce HDD prices from current levels at a rate that still delivers value to customers, while at the same time ensuring sufficient funding is available to develop new HDD technologies that are needed to improve HDD capacity, performance, reliability, power consumption, and security."
However, Rydning claimed HDD vendors couldn't return to just providing the basics to an
industry with changing devices and new ways of implementing storage.
"Long-term revenue growth will only be realised if the remaining participants transform into storage device and storage solution suppliers with a broad range of products for a wide variety of markets," he added.
The other issue with returning to growth for HDDs is also the growing threat of the solid state drive (SSD) market.
A report released at the beginning of March by DRAMeXchange, a subsidiary of larger analyst firm TrendForce, claimed SSDs are set to fall below $1 per GB for the first time in 2012, which would help remove the barrier of high prices and speed up adoption of the technology as a replacement for HDDs.
However, Claus Egge, analyst and partner at Rainmaker Files, claimed there was some way to go before HDDs were taken over by their faster, more expensive cousins.
"The [shipment] volume is much higher for HDDs than SSDs, 25 times or more," he told IT Pro. "My personal prediction is it will take more than five years before prices converge, and Flash has got its flaws [too]."
"So I don't see SSD usurping HDDs in the coming five years. Most capacity shipped only needs HDD performance [as it] is more than adequate, so SSD will post high growth, but from a lower base."
Rydning concurred that HDDs are here to stay for a while yet. "SSD adoption is growing, but SSD pricing is not dropping quickly enough to displace HDDs in the majority of new PCs," he told IT Pro.
"The percentage of new PCs shipping with an SSD continues to be a very small.HDDs will continue to be the primary storage technology used in PCs and enterprise systems for most of this decade."
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Publication Founded by Mark Vittert '69 and John Burkhart '28 Turns 30
May 9, 2010
May 9, 2010, Greencastle, Ind. — The business relationship of two DePauw University graduates from two different generations led to the creation of the Indianapolis Business Journal. In his weekly column, Tom Harton, the current editor of IBJ, recounts the role Mark Vittert '69 and John Burkhart '28 played in launching the publication 30 years ago.
"The relationship between Vittert and Burkhart started more than 40 years ago," Harton writes. "Vittert was a senior at DePauw University and a member of the Phi Psi fraternity. His ambition was too big for the classroom. He wanted to start a business -- and he had an idea. He thought consumer products companies would jump at the chance to get their merchandise in the hands of a new generation of consumer. There were no smart phones or iPads, mind you. No Google, no ChaCha or Facebook to connect with potential customers. But there were college kids, and those college kids could hand out samples and subscription cards and the like to other college kids on campuses throughout America. Vittert was passionate about his idea. The problem was he didn’t have the money or know-how to get started. But he did have the gumption to introduce himself to someone who did. He had heard of John Burkhart, a DePauw Phi Psi from 40 years before, and knew he ran a successful insurance company in Indianapolis -- College Life. Burkhart agreed to talk to the brash, young Vittert about his idea. Burkhart’s decision to support the company, which was given the simple but descriptive name College Marketing, paid off. Eighteen months later, Playboy Enterprises, looking for a premium service to offer its advertisers, swooped in and bought it. The Vittert-Burkhart relationship was sealed."
The editor notes that a decade later, Vittert decided to start a new venture, and the Business Journal was born. Vittert and Burkhart sold the publication in 1986. The column tells of how Vittert recently paid a visit to the venture he started.
Harton concludes, "Thank you to the John Burkharts of today, who take the time to listen to and demonstrate their faith in younger generations. And thank you to Mark Vittert and all those like him who follow through on their ideas and end up putting people like me to work."
You'll find the complete text at IBJ's Web site.
John W. Burkhart is enshrined on the Media Wall of Fame at DePauw's Pulliam Center for Contemporary Media.
Learn more about Mark Vittert, who was recently inducted into St. Louis Pro Chapter of the Society of Professional Journalists' Print Hall of Fame, in this previous story.Back


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Preview key findings of the "State of American Podcasting" report and watch the full webinar!
With the holidays around the corner, CMO Pierre Bouvard ?discusses the 5 key reasons radio can fuel sales for retailers
AM/FM radio listening levels are rock steady per Nielsen.
The World According to Ford’s Mark LaNeve: Why Radio Remains Key to Auto Advertisers and What Radio Needs to Focus On
Local dealers and auto industry executives highlighted what's working with radio, and what they would like to see more of at the DASH 3.0 conference in Detroit.
CMO Pierre Bouvard outline five key takeways of the current state of American in-car audio usage.


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MillerCoors Launches Cape Line Canned Sparkling Cocktails
April 10, 2019
MillerCoors today announced the launch of its newest innovation: a sparkling cocktail crafted with only six simple ingredients — carbonated water, alcohol from real cane sugar, real cane sugar, lemon and or lime juice concentrate, natural flavors, and fruit juice added for color. Read more
Happy 60th birthday to the recyclable aluminum can!
January 22, 2019
Sixty years ago today, on Jan. 22, 1959, the two-piece recyclable aluminum can designed by Coors made its debut with a 7-ounce Coors Banquet, a move that revolutionized the beverage container industry. Read more
Kentucky’s Braxton Brewing Company has embarked on a $5 million expansion that will include the purchase of the building where its brewery is currently situated, as well as the construction of a rooftop bar and the installation of a new canning line.
Blue Moon named official craft beer of the Kentucky Derby
January 8, 2019
The nation’s top-selling craft beer has another feather for its fascinator: Blue Moon has been namedis the official craft beer of the Kentucky Derby and the first-ever craft beer sponsor of Churchill Downs Racetrack.
Every year, MillerCoors employees across the country give back to their communities. Whether they’re raising money for charities like the United Way, sending clean drinking water to regions hit by disasters or helping military members find jobs after their service, the company’s employees make helping others a key part of their jobs.
After sampling more than 500 different brews this year, the beer expert at Bloomberg has picked the top 11, including SweetWater 420 Strain G13 and Sierra Nevada Celebration 2018 from the Superior Beverage Group portfolio.
11 things you should know about New Belgium Brewing
December 13, 2018
A trip to New Belgium in Fort Collins, Col0., is unforgettable for many beer lovers. Founded in 1991, the destination includes a mosaic-clad brewhouse, numerous bars, and a maze-like foeder-filled taproom.
@TerrapinBeerCo's Moo-Hoo is returning with revamped label art! This delicious chocolate milk stout has a dark roasted malt flavor with hints of caramel and chocolate, rounded out by a sweet, creamy finish. #craftbeer #drinkupcolumbus
Combining the taste of @DunkinDonuts Espresso Blend Coffee with @HarpoonBrewery's famous craft beer, this smooth porter offers robust roasty notes and a smooth mouthfeel with aromas of espresso and dark chocolate #craftbeer #drinkupcolumbus
Go-Kart Ghost from @ColumbusBrewingCompany is hitting stores now! The revved up hop additions of El Dorado and Mosaic in this deep golden beer contribute aromas of citrus and candied stone fruit. This is a race you won’t want to end! #ohiocraftbeer #drinkupcolumbus
Franklin Castle from @MarketGardenBrewery is a Pumpkin Spice Ale mashed with whole pumpkin then spiced in the kettle with cinnamon, ginger, vanilla beans and muscavado sugar #ohiocraftbeer #drinkupcolumbus
Go-Kart Ghost from @ColumbusBrewingCompany is hitting stores now! The revved up hop additions of El Dorado and Mosaic in this deep golden beer contribute aromas of citrus and candied stone fruit. This is a race you won’t want to end!
The @sufferfestbeer variety pack includes two 12oz cans each of Repeat Kolsch (95 calories, 5 carbs and bee pollen), FKT Pale Ale (with salt and black currant), and Head Start stout (135 calories with added coconut water and Equator Coffee)
We are proud to share that Superior Beverage Group Glenwillow won the Diageo Golden Bar Award for Distributor of the Year! This accomplishment recognizes the dedicated service put forth as an organization as being the best of the best in the entire country. This is a team award and wouldn’t have been possible without everyone’s contribution. Cheers!


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Juffair Gate Hotel is organising a prominent event for the Eid holidays featuring popular local DJ Riddler.
The hotel is a modernised and renovated four-star hotel in Bahrain, well-known for its hospitality and array of cafés, clubs and restaurant options.
Located in Juffair, the hotel is 10 minutes’ drive from Bahrain International Airport and minutes away from tourist hotspots and there are numerous choices for eating out in the surrounding area. The hotel features various suites and spacious luxurious rooms for an ideal, comfortable stay.
Located on the lobby level is the hotel’s LIV Club Lounge, which is set to entertain Bahrain’s crowds with the spectacular DJ Riddler behind the decks.
The event will take place on Tuesday, Wednesday and Thursday.
The hotel is taking part in the ongoing changes in Bahrain’s tourism industry and has been upgrading its facilities in all areas of hospitality.
Part of these changes was the LIV Club Lounge and Cross Roads Lounge – the latest addition to the hotel.
With increasing competition, the hotel’s dedication to providing good quality service is in focus and is achieved through a well-trained service team, who offer exceptional service to every guest.
“We are proud to provide a quality clubbing concept that the island’s crowds are looking for,” said Juffair Gate Hotel general manager Sudheer K Nair.
LIV Club Lounge is open daily from 8pm to 2am and a dress code of smart, casual attire is enforced.
Guests can book a table by calling 66600025.
For further information call 17366222 or e-mail to [email protected]


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Previously marked as a Wii U exclusive, Ubisoft have announced that Rayman Legends is scheduled for release on the Xbox 360 and PlayStation 3, which means it’s delayed for the Nintendo system to coincide with the multiformat release in September.
“We heard from many Xbox & Playstation owners and Rayman fans who told us they really wanted to play Rayman Legends on their current system”, says Geoffroy Sardin, EMEA Chief Marketing & Sales Officer. ”We decided to give the fans what they wanted while at the same time broadening the audience exposed to this innovative and memorable game.”
Rayman Legends will contain new characters, new environments and a new soundtrack as well as adding more gaming modes and updated rendering to bring the graphics up to a proper next gen level. It’s already one of the most anticipated titles of 2013, it’s just a pity that the Wii U version has to suffer a delay, so it can be released on all formats at the same time.
If you’d like to find out more, visit www.raymanlegends.com.


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PUBG initially launched in 2017, but most likely in an attempt to compete with Fortnite, the game free-to-play. According to SteamCharts, that has resulted in the game achieving a peak of 667,399 players over the past 24-hours. That’s roughly double the player peak of the game over the whole of December, and the highest peak since March 2021.
Now, all players can get a free Basic PUBG account, which has access to most content in the game. If you had already purchased the game, you will have been automatically upgraded to a Battleground Plus account, giving you access to all the content as well as the game’s ranked mode. A Battleground Plus account otherwise costs £9.99.
The ranked mode is locked behind Battleground Plus in order to avoid an increase in hackers due to PUBG going free-to-play.
PUBG Corporation creative director Dave Curd says that the game going free-to-play in “no way a response” to other free-to-play titles. Fortnite, Apex Legends, and Call of Duty: Warzone have all been free-to-play since their release. The former has found great success in being such, with battle passes being the main method of monetisation.
PUBG Mobile was awarded £7.3million in damages from a hacking ground lawsuit last week. Courts in both the US and Germany ordered the hacking group to pay the damages to Tencent Games and PUBG Mobile creator Krafton.
In other news, Kirby And The Forgotten Land received a new trailer earlier today, showing off more of the game in action. It also revealed that the game will feature co-op, where the second player can join in as Waddle Dee.


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The Twitter account for the fictional FIFA character Alex Hunter teased yesterday that some news was on the way, and now we know what that is. EA Sports has announced that Hunter will play for Real Madrid in "The Journey" story mode of FIFA 19. "The Journey" was first introduced in FIFA 17 and Hunter's story will be wrapped up in FIFA 19's third and final installment of the story mode.
🇬🇧 ✈❓— Alex Hunter (@MrAlexHunter) August 5, 2018
Tomorrow 👀 #TheJourneyContinues
In June, EA announced that it would be adding UEFA Champions League to the game with FIFA 19, leading to speculation that Hunter may get that Real Madrid contract after all. You can check out a trailer for Hunter's Real Madrid transfer below.


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Our experts share their insights at events and organisations across the world that champion creativity and innovation. Here’s where they’re speaking this year.
Interested in collaborating? We’d love to hear from you.
2-3 Nov, Los Angeles
For the first time since the pandemic, Beauty Connect West will be going face-to-face with pitching sessions and panels for indie brands and the biggest conglomerates. Network with decision makers and disrupters across the beauty and personal care industry. Save 10% off ticket prices with the code: STYLUS10.
Stylus is proud to be a member of, and partner to the German Design Council – Germany’s leading authority on design. The German Design Council works to promote society’s awareness of design and supports companies on all matters relating to brand and design development, while also providing a forum for interdisciplinary knowledge transfer.
Oct 12-13, London
Clean Beauty in London brings together exhibitors in sustainable packaging, natural ingredients, and clean formulation, along with clean full-service companies. The trade show will welcome market leaders in make-up, skincare, haircare and body-care. Our experts will be attending to help navigate emerging trends in the clean beauty space.
We are proud to be partnering with MakeUp in for its 2021 global event series, taking place in Shanghai (7-8 July), New York (22-23 September), Paris (20-21 October) and Los Angeles (9-10 December), where innovators in skincare and make-up share the latest trends. Our experts will be attending to navigate the key strategies you need to know when developing new beauty products.
13-15 Jul, Online
Hosting its third virtual event and drawing together top brands and the most influential thought leaders from across the industry, YMS:Online USA will span three days of youth trends, insights, brand case studies and Gen Z voices. Our Retail & Brand Comms editor Rebecca Hobbs will be moderating a panel about Gen Z’s love of shopping across different price points. Tune in to our session and take the opportunity to network with our team throughout the event.
29-30 Jun, Online
We are proud to be partnering with Food Matters Live for its three-part virtual 2021 event series, next taking place on 29-30 June and later this year, 16-17 November. The event strives to inspire and connect the global food, drink and nutrition community. Stylus’ Food, Beverage & Hospitality editor, Laura Swain, will be taking part in a live panel discussion on plant based trends at the June event.
28-29 Jun, Online
The organic beauty and wellness market is at an all-time high and it has become a necessity for all beauty brands to be sustainable. Our team will be attending this event to delve deeper into insights around packaging innovation, conscious consumerism and ethical ingredients by listening to talks by industry leaders. Save 10% off ticket prices with the code: STYLUS10.
26-27 May, Online
What are the lessons brands can learn from the USA e-commerce market? Our director of Brand Engagement Katie Baron will be on a virtual panel for the Department for International Trade and eCommerce Expo to discuss actionable trends and future-facing insights. Discover practical information on cross-border e-commerce opportunities from industry leaders.
The digital Beauty & Wellness Connect Europe conference explores the most innovative insights from key industry leaders – from how to build authentic community engagement to next-gen sustainability strategies.
On-Demand 20/21 Content
On-Demand - Feb, 21
What will the role of flagships be in an increasingly decentralised world? In partnership with Frame magazine, our director of Brand Engagement Katie Baron was joined by Frame’s editorial director Robert Thiemann among industry leaders from Adidas and ASA Studio Albanese to discuss the changing retail mix for brands post-pandemic.
A virtual forum for thought leaders from across the beauty industry, the Inclusive Beauty Summit is an opportunity to connect and identify how to overcome the challenges of hiring, marketing, formulation, product development and retail to appeal to a more diverse consumer.
How will new workplace habits and behaviours change for the next generation of digital natives? We partnered with British American Business for a discussion on the evolution of tech and its impact on the way we live and work, featuring our Global Director of Advisory Services, Dr Antonia Ward.
As stores start opening their doors again, what does this mean for physical retail? Our director of Brand Engagement Katie Baron joined Vans and and the Green Room for a podcast discussion on operational and engagement challenges along with the latest innovations in the space.
What is the future of the travel landscape? Our director of Consumer Lifestyle Mandy Saven and global Advisory strategist Claire Murray joined L.E/ Miami for its digital event series to discuss the changes in the travel and hospitality industry as we return to the new normal.
Our director of Brand Engagement Katie Baron spoke alongside British Fashion Council, Liberty London & Vogue Business in a dedicated panel ‘Innovation in Tradition: The Changing Rituals'. The discussion formed part of the first-ever digital London Fashion Week, shedding a light on the value of tradition as a tool to help futureproof fashion and retail.
At Stylus we’re passionate about highlighting and celebrating innovation. We proudly partnered with Fashion District for a second time in 2020 for the Retail Futures 2020: Fashion District Innovation Challenge Prize, created in collaboration with the Fashion Innovation Agency. The challenges are designed to find innovative solutions to current industry issues across retail, manufacture & design. Huge congraultions to this year's winner, Lone Design Club.
What are the key commercial opportunities for the travel sector that have surfaced as a result of the pandemic? Our director of Consumer Lifestyle Mandy Saven joined the virtual TTG Luxury Travel Summit to share her insights on Unlocking the New Travelscape.
How will consumer attitudes around the environment, health and wellness transform the vegan and meat free industry? For the first virtual edition of Food Matters Live, our Food & Beverage editor Laura Swain took part in a panel discussing the future of plant-based meat free and vegan.
WIRED’s annual business conference explores the trends, technology and innovation changing the way we work, and investigates how senior executives can use this disruption as part of their growth strategy. Our experts attended to discover the latest strategies you need to know about within the retail and money sectors.
How will the beauty industry survive the pandemic? Our senior Beauty editor Lisa Payne joined a live discussion alongside brand founders and retailers at WeCosmoprof to talk new opportunities in a changed environment – from emerging local cultures, strategies for crisis management, to the accelerated rise of wellness.
Sept - Oct, Online
Our global director of Advisory Services, Dr Antonia Ward, made an appearance at Advertising Week 2020 to present Reimagining Retail for a Post-Covid Era. The reimagined virtual event focussed on bringing the marketing, media, technology, and creative industries together to drive change.
Sustainability and clean beauty are huge topics within the beauty industry, but are yet to have a global standard. Our senior Beauty editor Lisa Payne joined the founders of The INKEY List and insiders from unbiased skincare service Lion/Ne for a live panel to lift the lid of what clean beauty means for consumers and the wider landscape, now and in the future.
What will the lasting effects of the pandemic be on product design? Our director of Consumer Product Emily Gordon-Smith and senior Product Design editor Dewi Pinatih joined Material ConneXion to discuss the lasting effects of Covid-19, and how materials, processes, design and supply must adapt in order to meet rapidly shifting consumer demands.
How can your brand create considered packaging for individuals addicted to convenience, online shopping and enticing storytelling? Our senior Product Design editor Dewi Pinatih gave National Candle Association (NCA) members an exclusive breakdown of insights and inspiration for future packaging concepts with sustainability at the fore.
23-25 Jun, Online
Gut health, supplements and vitamins are booming areas of interest in the beauty, health and wellbeing industries. Our experts joined this year’s Ingestible Beauty Summit to get the lowdown on key formulation insights and trends.
19-20 Feb, London
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Sunday, May 1, 2016
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Bridal Extravaganza set
A Bridal Extravaganza wedding showcase will be held on Sunday, Jan. 9, from noon to 5 p.m. in the Henry B. Gonzalez Convention Center, located at 200 E. Market St. in San Antonio.
Participants are invited to see the gowns, hear the music, smell the flowers, taste the food, and browse hundreds of facilities, caterers, consultants, photographers, and wedding and reception sites.
For more information, call 210-654-WEDD or visit http://www.saweddings.com .
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The web comprised nearly 42% of the growth in the U.S. retail market last year. E-commerce represented 11.7% of total sales in 2016, but ...
Online retail spending for the week ending Oct. 31 reached $1.3 billion, comScore Networks reports. For the first 10 months, online retail sales are up 24% from a year ago, according to comScore.
Online retail spending for the week ending Oct. 31 grew 43% to $1.3 billion from $932 million for the corresponding week a year ago, comScore Networks Inc. reports.
By comparison, total retail spending for the week ending Oct. 30 fell 0.9% from the corresponding week a year ago, reports ShopperTrak’s National Retail Sales Estimate.
For the first 10 months of the year, online retail sales have totaled $48.9 billion, up 24% from $39.4 billion in the first 10 months of last year, according to comScore numbers.
Online travel spending was up 27% for the week ending Oct. 31, reaching $1.05 billion from $831 million a year ago, comScore reports.


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Mississippi Toyota plant to begin exporting Corollas
More than 7,500 Toyota Corollas manufactured at the company’s Blue Springs, Miss., plant will be exported to 18 Latin American countries and the Caribbean, beginning in 2014.
The nearly 2-year old plant has a capacity of 160,000 vehicles per year and produced 100,000 in its full year of production last year. Production on the vehicles for export will begin in April.
According to a company statement, Toyota exported more than 124,000 vehicles made in the United States to 21 global markets in 2012.
“Toyota’s U.S. manufacturing operations continue to grow as a key supplier of cars and trucks for global markets, which is only possible thanks to the dedication and high-quality work of our team members here,” Jim Lentz, CEO of Toyota’s North America Region, said in a statement.“The export of U.S.-built Corolla sedans to Latin America and the Caribbean will help to further solidify our U.S. manufacturing base.”
Toyota employs an estimated 2,000 people at the Blue Springs plant, which opened in 2011.
Michael Sheffield covers bioscience and biotechnology; manufacturing; tourism and hospitality; and sports business. Contact him at firstname.lastname@example.org.
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sativa, it has also been applied to dozens of species representing more than 20 genera, often prominent fiber crops
the emphasis was on studying fiber crops
that could be used as raw materials for pulp and paper manufacture.
At the close of the 20th century, reminiscent of how new hemp fiber applications resurrected the fiber crop
mostly in Europe (as discussed in the "Evolution of Stem Fiber Production Under Domestication" section), a similar development of oilseed products, primarily in Canada, witnessed the founding of an expanding hempseed industry.
A crucial input is expected SRWC fiber crop
yields per unit area.
The plant material used in this CIMV process is non-food and comes from agricultural byproducts (cereal straw, bagasse from sugarcane and sweet sorghum) or fiber crops
(hemp, flax, Provence cane and miscanthus), but can also come from forestry waste.
They consider fiber crops
, fruits, beverage-deriving plants, grasses and seeds, oil crops, ornamentals, pharmacological plants, roots and tubers, spices, trees and shrubs, vegetables and more.
This is the most complete file of information in this country, if not the world, on fiber crops
of the world.
The researchers also suggest that future food, feed and fiber crops
would ideally be capable of making better use of nitrogen from the environment, to minimize water pollution and greenhouse as emissions associated with chemical fertilizers.
These plants are almost exclusively grown as fiber crops
and there is a growing concern on the future availability and price of the fibers from these crops due to the limitations of land, water, and energy needed to grow these crops.
Blachly resident Jan Wroncy, a science researcher, organic farmer and "no-spray" forest owner, said her life's work had informed her on two important issues in the debate over SB 20: that as children develop they are especially vulnerable to the ill effects of chemicals, and that all food and fiber crops
can be grown successfully without the use of pesticides.
The survey tallied sales for OTA members who manufacture organic products made of cotton, wool or other fiber crops
Endosulfan II Insecticide introduced in 1956, used on citrus, fruits, fiber crops
Hemp clothing will spare soil the petrochemical supplements demanded by other fiber crops
With hundreds of millions of tons of excess agricultural residues and fiber crops
like kenaf produced domestically each year, it simply doesn't make sense to ship bamboo pulp across the world to supply our paper needs.
And while plant fiber crops
require much loss land than tree farms, another non-wood source-agricultural waste-requires virtually none at all.


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Sources say that Opel and Vauxhall are working on a successor to the Calibra coupe, which could go on sale by 2013. Known internally as the “New Calibra,” the next-generation model is likely to share design influences from the Insignia GTC Concept car.
However, there are some issues. According to sources, while the model is expected to arrive in 2013 sharing its underpinnings with the Insignia, Vauxhall and Opel need to build at least 30,000 units a year before the model makes any money.
“We would feel a lot more confident about some of these projects if Buick, Chevrolet in North and South America and Saab were sharing volumes and risk,” a source told CAR Magazine.
Well, Opel and Vauxhall, we don’t mind getting a Buick version of the new Calibra coupe on the stateside at all.
– By: Kap Shah


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Yocum receives promotion
Dave George, Two Rivers Bank and Trust – Mt. Pleasant Market president, announced Alicia Yocum of Two Rivers Bank and Trust has been promoted to retail loan officer and has successfully completed the Iowa Bankers Association Consumer Credit School in Ankeny.
The school is an intense one-week program sponsored by the Iowa Bankers Association. The purpose of the IBA Consumer Credit School is to prepare consumer credit personnel who want to broaden their consumer credit knowledge or who have not been exposed to formal consumer credit education, to serve effectively and profitably as consumer credit officers. This is accomplished by developing a better understanding of the consumer credit function, deepening the comprehension of the managerial aspects of consumer credit operations and developing and refining the administrative and human relations skills necessary to meet the credit needs of their customers.
Yocum, a Henry County native, joined Two Rivers Bank and Trust in 2011, and has been in the banking industry five years. She holds an associate of arts degree with Southeastern Community College.
The Iowa Bankers Association is the statewide trade association for commercial banks. Representing 98 percent of the banks in Iowa, the association provides its members with assistance in government relations, communications, marketing, regulatory compliance and education.


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Canadian lingerie retailer Forever Yours Lingerie recently announced on their website that they are having a casting call (in Canada) for their fashion show, taking place on Friday, May 29, 2015.
Their mission is to have a fun, exciting and engaging show that showcases confident women AND men of all backgrounds, shapes and sizes. They truly want to show diversity on the runway. They’re looking for big personalities and people who are confident and fun.
WHEN: Wednesday, January 21st 2015 | 6:00 – 9:00PM (last audition walks at 8:30PM – please arrive prior to 8:30PM)


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Ascontinues to grow in popularity, the actual work of outfitting a cargo van for residency and adventure is left to amateurs and professional upfitting companies. Automakers haven’t really provided a specific base for this kind of task, but Ford is determined to change that in November.
Ford this week announced that its Ford Pro division will launch the 2023 Ford Transit Trail in November. While details are still light, Ford promised in its press release that the Transit Trail will feature “interior and exterior enhancements providing do-it-yourselfers and motorhome distributors a turnkey canvas direct from the factory.” So, Ford won’t be the one helping you live your best van life, but it will make it a lot easier to get there.
In addition to the announcement, Ford posted two teasers for the Transit Trail. The first looks squarely at the grille, which features three amber running lights, a marker to other cars that something fairly large is coming down the road. The second teaser gives us a peek at the silhouette, with a large picture window on the sliding side door and a whole lot of exterior lighting.
While the full-size van segment will continue to flourish, thanks in part to niche variants like this, other segments aren’t faring so well in the US. The compact van segment has all but disappeared from the US now. Nissanin 2020, and this year alone, we witnessed the Stateside cancellation of the , and the , effectively killing the compact van segment in the US entirely.


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This week’s MYX News Hot List, new episodes weekly at www.myx.global/myxnews.
1. MYX MUSIC: ALAMAT SHOWCASES MINI ALBUM – P-pop group ALAMAT just released their latest mini album, “Pasulong”.
2. MYX MUSIC: SAWEETIE GETS CLOSER TO ALBUM – Saweetie is teasing her latest album, “The Single Life” by hosting a party in Hollywood.
3. MYX LIFESTYLE: MOSTRALAND BREWS COFFEE & CULTURE – San Diego’s popular Filipino-American coffee company, Mostraland teamed up with MYX to celebrate its 8th year anniversary!
4. MYX SPORTS: JALEN GREEN, GOOGLE SCORE GREATEST PICKUP GAME – Houston Rockets guard Jalen Green is featured in the Google Pixel ad.
5. MYX ENTERTAINMENT: LET THE ASAP PARTY BEGIN – ASAP in Las Vegas is going down this weekend at The Orleans Arena featuring Donny Pangilinan, Belle Mariano, AC Bonifacio, Darren, and many more!


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A team from Caribbean Community (CARICOM) secretariat has made Dominica their fourth stop in a series of consultations as efforts are being made to protect and alert the Caribbean region against dangerous non-food consumer goods.
The initiative, which is called the CARICOM Rapid Alert System for Exchange of Information on Dangerous (non-food) Consumer Goods (CARREX), is being discussed at the the Fort Young hotel.
“Consumers want to be assured that goods and products that they consume are safe and will not pose an immediate threat to life,” said the deputy programme manager at the CARICOM CSME Unit in Barbados, Philip McClauren while giving his brief speech at the ceremony.
The undertaking is that of the CARICOM Secretariat and will include the sharing of quick and timely information on dangerous non goods products in the market, through sensitization of each member state on the operations and benefits of being protected.
CARREX is planned as a web based portal for information sharing between national consumer protection agencies and others where they both receive and send alerts.
“In the recent past and even now, we had to rely on international organizations to tell us when there is a dangerous good, particularly on the US market, in Europe or perhaps it may be in our own market in CARICOM,” he continued.
According to Mc Clauren, it has been noted that the international community “are more concerned about US markets.”
“The problem is when the infected products are in the market outside of the US who will guard the guards, and then CARREX is important in that context for the Caribbean region,” he said.
Mc Clauren stated that this initiative is as a result of concerns over the years by consumers for the need to be protected.
These non- food goods includes: vehicles, toys and children’s equipment, cosmetics, clothing, textiles, fashion articles, jewellery, appliances, machinery and tools, construction materials, kitchen and cooking fixtures.
As part of the implementation process, the CARICOM Secretariat team is conducting training on how to use the system and enter information that is vital to consumers and other stakeholders.


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Myanmar Unveils $70-Million Stimulus Package to Ease Economic Blow From Virus
By Nan Lwin 19 March 2020
YANGON—The Myanmar government has announced an initial stimulus package to cushion the impact of COVID-19 on the country’s economy, including 100 billion kyats (nearly US$70 million) worth of loans, eased deadlines for tax payments, and tax exemptions for Myanmar-owned businesses that have been hit by the global pandemic.
In the announcement on Wednesday the government said it had created the COVID-19 fund with 100 billion kyats to assist CMP (garment and manufacturing) and hotel and tourism businesses, as well as small and medium-sized enterprises owned by local businesspeople.
The government has recognized those sectors as priorities for state assistance, based on their vulnerability to COVID-19, it said.
The interest rate on loans provided by the fund will be only 1 percent with a loan period of one year.
The rate and period would be reviewed later after the economic impact of the virus outbreak can be assessed, the government said.
The fund draws 50 billion kyats from the country’s revolving fund and another 50 billion kyats from the social welfare fund, according to the government.
Myanmar still has the highest interest rates among ASEAN countries. Recently, the Central Bank of Myanmar announced a 0.5 percentage point reduction in interest rates, saying it was needed to support the development of the country’s economy. Its latest directive sets the minimum bank deposit rate at 7.5 percent, while the maximum lending rate is 12.5 percent for collateralized loans and 15.5 percent for non-collateralized loans.
Moreover, the government said qualifying businesses now have until the end of September to make their quarterly income tax and monthly commercial tax payments. Income tax was supposed to be paid by March 31 for the second quarter and by June 30 for the third quarter. Those payments can now be made through the end of fiscal 2019-20, which ends on Sept. 30. The monthly commercial tax, which is supposed to be paid by March 31, is now also payable until Sept. 30.
The government has also announced that businesses will be exempted from paying the 2 percent advance income tax on exports until the end of current fiscal year on Sept. 30.
Myanmar’s overall economy has slowed due to the COVID-19 outbreak. Experts warn the effects of the outbreak could lead to a full-blown economic crisis for the country if it is not contained soon.
Since late January, the outbreak has hit Myanmar’s tourism, border trade and export sectors, causing massive losses for producers, exporters and workers. Airlines and hotels in the country have already suffered losses due to travel restrictions.
The Tourism Ministry said tourist arrivals in Myanmar are likely to drop 50 percent this year due to the outbreak. The Union of Myanmar Travel Association told The Irrawaddy that a total of $800,000 worth of travel bookings have been canceled since late January due to the travel restrictions.
The Confederation of Trade Unions of Myanmar (CTUM) said last week nearly 20 factories have closed in Myanmar while other factories have reduced their working hours due to a lack of raw materials from China. CTUM said closures of garment factories have led to mass layoffs, affecting more than 10,000 workers across the country.
Meanwhile, in Ayeyarwaddy Region, over 200 crab production businesses have closed down temporarily, leaving more than 20,000 workers unemployed due to a lack of demand in China, according to the Labutta Crab Producers Association.
The announcement of economic support for local businesses followed the second meeting of a committee set up to tackle the impacts of the global coronavirus outbreak on the country’s economy. Myanmar formed the committee a day after the World Health Organization (WHO) declared the coronavirus outbreak to be a global pandemic.
The committee’s steps to tackle the main economic impacts of the coronavirus include drawing up both short- and long-term emergency plans to respond to the decline of the tourism sector; creating vocational training programs and new job opportunities for workers affected by factory closures; and advising the President’s Office on tax exemption schemes for small and medium-sized enterprises and reduced interest rates for local businesses.
Meanwhile, the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) is also surveying the risks to the business community posed by the virus outbreak.
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WPP share price: Company ranked No. 1 acquirer in marketing and media for 2015
WPP Plc (LON:WPP) was the most prolific acquirer in the media and marketing industry in 2015, even though the ad giant realised fewer deals than in the previous year, data from Ciesco has revealed.
The corporate advisory firm said in a recent report that WPP had announced 40 deals last year, down from 52 in 2014, when it also ranked No. 1. The advertising company’s major acquisitions last year included GroupM’s purchase of digital media buyer Essence.
According to Ciesco’s report, there were 1,105 deals in marketing technology, mobile, digital media, advertising, data and analytics and related sectors last year, which was up 7.5 percent from 2014.The analysis also showed a growing appetite for digital media assets, as well as for deals in China. WPP has been investing in both of those areas as part of its strategic push to develop its capabilities in fast-growing markets and sectors.
This year, the world’s largest ad company has already indicated that it aims to remain active in terms of M&A. In January the company announced several acquisitions and investments, including the purchase of US mobile app firm ArcTouch.
In today’s trading, WPP shares were down 1.5 percent at 1,493.00p, as of 15:11 GMT. The stock has fallen 4.5 percent since the start of the year.
The 26 analysts offering 12 month price targets for WPP have a median target of 1,657.5p, with a high estimate of 2,035p and a low estimate of 1,250p. As of January 30, 2016, the consensus forecast amongst 31 polled investment analysts covering WPP had it that the company will outperform the market. The same consensus estimate has been maintained since October 16, 2009, when the sentiment of investment analysts improved from “hold”.
As of 16:06 GMT, Tuesday, 02 February, WPP PLC ORD 10P share price is 1,490.50p.
Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.


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A Seattle-area investor looking to relocate to Florida made his first acquisition in the Orlando market, paying $13.23 million for the Parkwood Plaza shopping center at the corner of John Young Parkway and West Colonial Drive.
The 14.6-acre shopping center is anchored by Orlando’s first Lotte Market Asian grocery store. The Maryland-based grocery chain opened in 2019, taking nearly 63,000 square feet in a shuttered Winn Dixie. It has enhanced its offerings with a full food court, bakery and nail salon. Currently, a long-vacant bank building is being converted into a Korean barbecue.
The deal also included a KFC/Taco Bell, McDonald’s and Valvoline auto care center.
“It was a good buy, but it has a lot of moving parts because you have the main shopping center, all the outparcels and the office space in the back, which is vacant,” LandQwest Managing Director Cynthia Shelton said. The buyer, Wenxue Wang, was making a 1031 exchange, she added.
Shelton and Associate Amy Foote represented the seller, Highyon Shopping Center, which had owned the property since 2013. Foote said the retail investment acquisition was in high demand, resulting in multiple offers that ultimately sold over list price to WWX Parkwood Plaza LLC.
“The Buyer’s vision is to make Parkwood a shopping hub to grab coffee, eat lunch, and grocery shop in just one trip,” Foote said. “This will add to the development and job growth along West Colonial.”
Highyon initally paid $10.2 million for the Plaza, which included the 141,617-square-foot shopping plaza as well as the adjacent 15 acres, which are vacant except for a communication tower and a parking lot. Shelton said Lot 2 of the plaza is currently under contract.


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Babies are normally vaccinated against measles at 12 months old. But doctors are now suggesting having the shot as early as six months might be worthwhile for youngsters traveling overseas.
In what is described as a world-first, Saatchi & Saatchi/ Interactive Solutions Poland and Saatchi & Saatchi Switzerland have joined forces to create an outdoor ad that detects fever, through a live thermo-scanner camera...
5 Feb 2016
New PwC survey dispels myths about women and work...
5 Mar 2015
BRUSSELS, BELGIUM: A group of major food brands have committed to changing how they communicate to children under 12 on their company websites. The EU pledge group (www.eu-pledge.eu) committed in 2007 to only advertise "better for you" products or to move out of children's airtime altogether on TV, print and third party Internet advertising.
29 Nov 2011
BRUSSELS, BELGIUM: Independent data released yesterday, 15 September 2010, show how the world's biggest food brands have significantly changed the products they advertise to children. A major effort has been made to put advertising spend behind "better for you" products or to move out of children's airtime altogether. At the same time children are being exposed to significantly less advertising for all food products across all programming.
16 Sep 2010


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Monday, February 10, 2014
Report: Record Labels Seek To Punish SiriusXM
According to The Hollywood Reporter, it's a dispute that is four decades in the making, ever since sound recordings began falling under federal copyright protection. The question the lawsuit poses is what to do about sound recordings created before 1972. The plaintiffs are attempting to use California state misappropriation claims to punish SiriusXM for allegedly not paying royalties.
To settle the issue, a California judge will need to decide whether California laws protect the public performance of pre-72 music. And so, the record labels have filed a motion so that a judge will clarify the law.
The plaintiffs believe this case is about fairness.
According to its motion, "Sirius XM unabashedly seeks to attract users to its service by offering channels dedicated to Pre-72 Recordings (including 1940s, 1950s, and 1960s channels) and by using Pre-72 Recordings to promote its channels, such as by using classic Rolling Stones recordings to advertise the 'Deep Tracks' channel and, just last week, highlighting the works of the late singer/songwriter Pete Seeger on Sirius XM's 'The Village' and 'Outlaw Country' channels. Notwithstanding the bounty that Sirius XM is receiving from its unfettered use of some of the most iconic sound recordings of all time — including recordings by artists such as the Beatles, the Rolling Stones, Led Zeppelin, The Supremes, Bob Dylan, and hundreds of others — it refuses to pay the artists who created those cultural treasures, and those who own the rights to them, any portion of the millions of dollars Sirius XM makes each year from those Pre-72 Recordings."
Read More Now
Posted 3:14:00 AM


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Huhtamaki in action
Find out about the role of packaging in creating a sustainable future and delivering circular economy. Meet our people from around the world and read our latest articles, news and publications.
Christian Schmid has worked for Huhtamaki since 1984. In April 2016, he was appointed Sales Director, Soup Cubes with responsibility over West and East Africa, the whole of Europe, and also for Middle, South and North America as well as the Caribbean.


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Food prices rise despite slowing inflation
Grocery prices jumped 11.4% compared to the same period last year.
Food price growth continues to increase. Despite the slowdown in headline inflation, experts believe food prices will begin to stabilize later this year as retail chains begin to pick up speed. supply will return to pre-pandemic levels.
Food prices rose 10.4% year over year in January, according to data released Tuesday by Statistics Canada. This compares to an overall annual inflation of 5.9% for the same month.
Prices for groceries jumped 11.4% from the same period last year, up slightly from December's 11% rise, while food purchased from restaurants increased by 8.2%, up half a percentage point from the previous month, due to increased demand from take-out and fast food.
The federal agency said meat prices, which rose 7.3%, were behind much of the growth. At the same time, the prices of bakery products increased by 15.5%, those of dairy products by 12.4% and those of fresh vegetables by 14.7%.
On a monthly basis, prices for fresh or frozen chicken jumped 9% from December, and posted their biggest month-over-month increase since 1986. But with the As production disruptions ease, Royal Bank economist Nathan Janzen said food inflation should start to ease. The bank's latest forecast is for them to decline below 3% by the end of 2023, he said.
We expect the growth of these prices to plateau and […] we are starting to see some signs of this, he said.
The growth in the prices of groceries year-over-year is still extremely high, but it's been pretty stable since last fall. What we are seeing is likely still, at least in part, the impact of these earlier global supply chain disruptions, transportation disruptions, as well as the agricultural commodity price spikes in early last year, and those shocks have dissipated to some extent.
Mr. Janzen said Canadians shouldn't expect to pay less for their groceries in the near future. It is easier for prices to go up than to go down, he pointed out. We don't expect prices to fall, but rather to rise at a slower pace.


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We brought 4INFO founder and CEO Zaw Thet, VP of Groupon Mihir Shah and Brand In Hand founder John Hadl together to talk about their experiences in mobile marketing here at TechCrunch Disrupt, on a panel moderated by TechCrunch’s own Jason Kincaid.
Panel moderator Jason Kincaid began the panel with the classic mobile marketing example of a consumer having a phone in their pocket and having a push notification give them an alert that there’s a frozen yogurt discount nearby.
Shah, Thet and Hadl all agreed that this hypothetical usecase of hyper-local targeted marketing was not in the cards, with the industry focusing more on advertising against that the consumer wants as opposed to offering up random discounts and ads based on what’s nearby.
Thet expressed the primary difficulty of hyper-targeted push mobile ads being fragmentation, that it was really difficult to take the million dollar budget for a client like Tide and apply it to a micro scale. “I don’t need to give an offer to someone on their car, just because it’s in the area,” says Hadl, “there’s no demand for it, it’s not that there’s not tech.”
Kincaid also brought up the famous Carol Bartz quote about Apple’s iAds, “That’s going to fall apart for them. Advertisers are not going to have that type of control over them. Apple wants total control over those ads,” and asked the panel whether they thought this was true.
The panel agreed that price rather than control was this issue with iAds; “Some people can’t afford them,” said Hadl, “Everyone likes to shoot at the front runner, but the only thing that people really have a problem with is pricing.” This is interesting especially in light of recent reports that iAds is slowly encroaching in Google’s mobile share.
The panel also agreed that biggest problem faced by the mobile ads industry currently is that supply greatly out weighs demand, and Hadl hopes that demand will increase based on better targeting.
Thet brought up a resolution to the transition that mobile marketing is currently experiencing; While the usecase of walking by a Starbucks and having a coupon ping to your phone is not viable, mobile ads on apps like Citysearch and Yelp, where consumers are actually looking for services and products could be hugely profitable. Says Shah,“You need to figure out where your users and engagement is.”
Thet also added that developers interesting in taking advantage of the growing mobile ad space should try to connect to consumers in more interesting ways, “Don’t be scared to do more than a 20-50 banner. interruptive advertising does work on the mobile. It’s got to be more than just the banner.”


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KLGadgetGuy | Malaysia's fastest growing tech portal and YouTube channel
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MULTAN: Provincial Minister for Agriculture Hussain Jehanian Gardezi said on Saturday that rice exports are expected to increase up to three billion dollars this year due to the effective agricultural policies of the incumbent government
He stated that “Basmati” varieties are much popular and hallmarks of Punjab province while the government is also paying focus on hybrid varieties to earn maximum foreign exchange. Recently, a long-grain variety has been prepared that will be made available to farmers very soon. Pakistani rice is popular across the globe due to its particular aroma and taste.
Rice has been cultivated in an area of 53 million acres. The provincial minister wished that Pakistan would achieve bumper production that will not only enhance the income of farmers but also help to strengthen the country’s economy.
For per acre improvement, the Punjab government is spending Rs 4 billion. Subsidies will give to the farmers on recommended varieties and machinery related to rice farming. Jehanian also hinted that the Punjab government was also promoting mechanized farming.


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The US central bank raised the benchmark rate by 25 basis points on Wednesday, marking its 10th straight hike since March 2022.
Importantly, however, the Federal Reserve has signaled it may pause rate hikes despite monitoring the course of the inflation battle. The Fed chairman also suggested it was too early to expect rate cuts in the near term as inflation remains high.
5% or more rate
of recent rate hikes This means US interest rates have crossed 5% for the first time since 2007. His current rate hike regime is also the most aggressive since the 1980s.
Federal Reserve Chairman Jerome Powell said the central bank was committed to lowering inflation to a 2% annual target from the current 5%. “Inflation will not fall so quickly.
The Federal Open Market Committee said the latest rate hike could be the last before reassessing the state of inflation. “A tightening of credit conditions for households and businesses is likely to put pressure on economic activity, employment and inflation,” the rate-setting committee said.
“The Federal Reserve no longer warns that further rate hikes should clearly be expected, but this falls short of a strong commitment to ‘pause’ rate hikes. Fitch Chief Economist Brian Coulton said: CBS news.
Federal Reserve Board Aggressive moves to curb inflation are hitting the economy as a whole. Especially sectors such as housing. The Fed has fought accusations of tightening monetary policy too early. Federal Reserve Chairman Jerome Powell denied the allegations, instead saying high inflation would hurt the economy even more.
Powell said in November that the fight against inflation would be a long one. “But it will take time for the full effect of monetary restraint to materialize, especially with respect to inflation…Thinking or talking about pausing rate hikes is very premature in my view. We have a way.” He said.
https://www.ibtimes.sg/federal-reserve-raises-rates-10th-time-14-months-says-no-rate-cuts-near-future-70082 Fed raises rates 10th in 14 months, says no rate cuts in the near future


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According to 9to5Mac, which has a sterling record on leaks these days, the 2018 iPad Pros will feature an A12X chip, the successor to the A12 found in the current iPhones. This A12X is currently codenamed Vortex, and will be accompanied by an A12X GPU.
The new iPad Pros are expected to be revealed at an event later this month. Apple has yet to officially announce an October press briefing, but it would keep in the pattern of the company following iPhone-based September events with iPad and MacBook-based October events.
This follows a load of other iPad Pro leaks, including the fact that Face ID will work in both landscape and portrait orientations, and that the tablet's bezel will be thick enough to fit the TrueDepth camera setup without creating the notch found on the iPhone X, XS and XS Max.
And, yes, the next iPad Pro will likely not include a Home button, so you'll need to get used to the swipe gestures from the current iPhones, which was introduced in iOS 12.


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H731400 : Naja
Apple Might Not Use Sapphire, Short GT Advanced Technologies
Jul 07 2014, 11:30 | by Akshansh Gandhi | about: gtat | includes: aapl
Due to the high cost of producing sapphire, Apple may not use it in the iPhone 6.
Recent reports indicate that Apple may not have enough sapphire to use in both the versions of the iPhone 6.
GT Advanced Technologies has a high short of interest and will struggle to justify its valuation.
GT Advanced Technologies is a good short candidate.
GT Advanced Technologies' (NASDAQ:GTAT) performance in the last twelve months has been astronomic to say the least. GT's shares are up 257% in the past six months, as Apple (NASDAQ:AAPL) announced that it is advancing $578 million to GT to employ over 700 people at Apple's Arizona facility to manufacture sapphire. This big deal with Apple is the reason behind its robust rise in the stock price, which puts a curtain on various negative aspects that could adversely affect GT.
However, Apple hasn't confirmed it will be using GT Advanced Technologies' sapphire in the iPhone 6, and there are many factors that point toward the fact it may not happen.
Is GT overhyped?
First, with the smartphone market saturating, Apple will be looking to maximize its profit on the iPhone 6, and given that sapphire displays are expensive, Apple may decide to stick to Corning's (NYSE:GLW) Gorilla Glass.
As of now, the estimated price of sapphire display for an iPhone-sized phone lies in the $9-$12 range. In comparison, Gorilla Glass will cost Apple less than $3 for the same. Given the massive difference in the manufacturing cost, Apple may decide to not use sapphire in the iPhone 6.


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The U.S. Consumer Product Safety Commission has announced the recall of certain Polaris Sportsman 570 All-Terrain Vehicles. Fuel can leak into the headlight pod which poses a fire hazard.
This recall involves roughly 25,600 ATVs; model year 2014. The ATVs were sold in several colors. “Polaris” is printed on the front grill, and “Sportsman 570” is printed on the side panel.
Polaris has received 30 reports of fuel leaks and four incidents involving a fire. No injuries have been reported.
The vehicles were sold at dealers from April 2014 through May 2017 for between $6,500 and $7,700.
The recall includes the following:
- A14MH57AA – SPORTSMAN 570 EFI SAGE GREEN
- A14MH57AD – SPORTSMAN 570 EFI INDY RED
- A14MH57AC – SPORTSMAN 570 EFI POLARIS PURSUIT CAMO
- A14MH5EAA – SPORTSMAN 570 EPS SAGE GREEN
- A14MH5EAJ – SPORTSMAN 570 EPS BRIGHT WHITE
- A14DH57AA – SPORTSMAN TOURING 570 EFI SAGE GREEN
- A14DH57AJ – SPORTSMAN TOURING 570 EFI BRIGHT WHITE
- A14MH5EAC – SPORTSMAN 570 EPS POLARIS PURSUIT CAMO
Polaris toll-free at 800-765-2747 from 7 a.m. through 7 p.m. CT Monday through Friday, or online at www.polaris.com and click on “Off Road Safety Recalls” for more information. In addition, check your vehicle identification number (VIN) on the “Product Safety Recalls” page to see if your vehicle is included in any recalls.


text: Celebrity Kourtney Kardashian-Barker Kourtney Kardashian Says the Fact That Her Sustainable Boohoo Collab Is Making Noise Is Actually a Good Thing "There are a lot of comments I'm seeing about it, but I think that is the point," she tells InStyle in an exclusive interview. By Samantha Sutton Samantha Sutton Instagram Samantha is InStyle's senior fashion editor. She joined the brand in 2019 and oversees the site's fashion coverage, including trend reporting, fashion exclusives, celebrity style interviews, and Fashion Week coverage. InStyle's editorial guidelines Published on September 13, 2022 @ 11:50AM Pin Share Tweet Email Photo: Courtesy What do you get when you combine a famous fast fashion brand with a well-known celebrity and the promise of sustainability? Well, a little bit of backlash for one. That's exactly what happened when Boohoo first announced its new sustainable line with Kourtney Kardashian, Boohoo by Kourtney Kardashian Barker, but the Poosh founder tells InStyle that was essentially the point. "I know that it's making some noise, but I think that's honestly the purpose," she says over the phone prior to today's launch on boohoo.com. "Hopefully this is making people who maybe never even knew that this was an issue [in fast fashion] to be aware of it. There are a lot of comments I'm seeing about it, but I think that is the point." If Your Sustainable Fashion Doesn't Announce Itself, Does it Count? Courtesy Kardashian herself did have doubts when the brand first approached her with the idea for a sustainable collection, since she knows that, historically, "sustainability and fast fashion do not go hand in hand." But after giving it some thought, she realized how it would allow her to use her platform to enact change. "I've done a fast fashion collab in the past with no purpose behind it, so this is probably one of the first ones that really has a good motivation and intention behind it," she says. "Using my platform to start the conversation, and even through small changes — I think small changes and any impact we can make is really important." Fast Fashion Is Not Slowing Down — It's Evolving For this collection, Kardashian says the brand used recycled cotton and recycled PCU, and also opted to include vintage pieces in the mix. Courtesy "I've selected vintage T-shirts and vintage leather jackets, so we're selling those," she says, adding that an important detail for her was to focus on quality. Kardashian knows firsthand that no matter the brand or how much a piece costs, in order for it to become a long-term staple in someone's wardrobe, it has to be well made. "Some of my favorite pants that I've had for, I don't know, 20-something years are Gap leather pants. A lot of the inspiration were classic pieces from my own closet that I've had for years and years and rewear over and over again. I think that's what it's about, and it's almost retraining people that do shop fast fashion to really pause and think about what they're buying and if it is something that they're going to want for a long time." Why You Never Forget Your First Nice Bag Courtesy Kardashian says that designing this line and speaking to industry experts has also opened her eyes even more, helping to make her a more conscious shopper. "I'm really pausing to think about the clothes that I'm welcoming into my home and into my closet and think, 'Do I want this for a long time?'" She says she's also enjoying renting clothes instead of buying them, and aiming to be more sustainable outside of the fashion world. "We've done some Poosh articles over the years on different, easy ways that you can be sustainable at home, and I'm really into composting," she tells us. "I have a composter that was on our Poosh gift guide last year." Courtesy Still, Kardashian isn't putting pressure on herself to be perfect 100% of the time. She knows it's a learning process and plans to make changes as she goes. "My water usage was a news headline when I had no idea," she says. "I was like, 'This can't be right about me!' Because I was following the watering laws that were like, you can water two days a week or whatever it was. I don't personally look at my bill, and not that that's an excuse, but I guess they were saying it was on my bill. Then, I was made aware because of the news headline and now I just completely stopped watering my lawn — my lawn is completely brown. But I am now under my allotted water usage, and on my last bill they wrote 'Congratulations!'" She does welcome being held accountable and says that by joining Boohoo, she plans to hold the brand accountable, too. "I think that was the point of me doing this with them." Courtesy For the collection itself, Kardashian aimed to find the perfect balance — items she knew people would buy that included playful twists, but also would be versatile in the long run. "We made these long, to-the-floor dresses that are really classic, but then they have a little chain detailing," she says. "Over time, the chain is removable, so it's easy to just keep it as a classic dress. Also, you can use the chain as a choker. The chain makes it exciting, but then if you just want to have it be more classic over time and not get sick of it, it's a dress shape that you would have forever." Ditch The Minis For These 12 Comfy, Flowy Maxi Dresses Courtesy Kardashian is also excited to show off the collection during New York Fashion Week. She hopes the runway show, taking place on Tuesday night, will help to elevate the clothes and perhaps "have people think of it in a different way — that it's not just a disposable trend or piece of clothing." "I think it's going to be really fun," she says. "We helped with the vibes and the music and I'm really excited."


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Small business job openings slowing economic growth
WASHINGTON, D.C. (May 11, 2021) – The NFIB Small Business Optimism Index rose to 99.8 in April, an increase of 1.6 points from March. The Optimism Index has increased 4.8 points over the past three months since January but a record 44% of owners reported job openings that could not be filled.
“Small business owners are seeing a growth in sales but are stunted by not having enough workers,” said NFIB Chief Economist Bill Dunkelberg. “Finding qualified employees remains the biggest challenge for small businesses and is slowing economic growth. Owners are raising compensation, offering bonuses and benefits to attract the right employees.”
Other key findings include:
- Eight of the 10 Index components improved and two declined.
- The NFIB Uncertainty Index decreased one point to 80.
- Earnings trends over the past three months improved eight points to a net negative 7%.
- Owners have plans to invest in their businesses as the percentage of those planning to make capital expenditures in the next three to six months increased seven points to 27%.
- The percent of owners expecting better business conditions over the next six months fell seven points to a net negative 15%, surprisingly glum.
Forty-seven percent reported capital outlays in the last six months, down two points from March but 10 points above last year’s low. Of those making expenditures, 42% reported spending on new equipment, 25% acquired new vehicles, and 15% improved or expanded facilities. Six percent acquired new buildings or land for expansion and 12% spent money for new fixtures and furniture. Twenty-seven percent plan capital outlays in the next few months. Hopefully supportive of improved productivity.
A net 3% of all owners (seasonally adjusted) reported higher nominal sales in the past three months, up nine points from March. The net percent of owners expecting higher real sales volumes improved one point to a net 1%.
The net percent of owners reporting inventory increases rose three points to a net 3%. A net 7% of owners view current inventory stocks as “too low” in April, up four points. A net 5% of owners plan inventory investment in the coming months, up one point from March.
The net percent of owners raising average selling prices increased 10 points to a net 36% (seasonally adjusted), the highest reading since April 1981 when it was 43%. The highest was 67% in October 1974 when inflation reached double digit rates. Price hikes were the most frequent in wholesale (62% higher, 3% lower) and retail (46% higher, 6% lower). Seasonally adjusted, a net 36% plan price hikes, the highest reading since July 2008.
A net 31% (seasonally adjusted) reported raising compensation. A net 20% plan to raise compensation in the next three months. Increased compensation is being passed on to customers through higher prices.
Eight percent cited labor costs as their top business problem and 24% said that labor quality was their top business problem, unchanged from March and the top overall concern.
The frequency of positive profit trends improved eight points to a net negative 7% reporting quarter on quarter profit improvement. Among owners reporting lower profits, 39% blamed weaker sales, 16% cited the usual seasonal change, 14% cited a higher cost of materials, 7% cited lower prices, 6% cited labor costs, and 4% cited higher taxes or regulatory costs. For those reporting higher profits, 62% credited sales volumes, 15% cited usual seasonal change, and 10% cited higher prices.
Two percent of owners reported that all of their borrowing needs were not satisfied, 26% reported all credit needs met, and 59% said they were not interested in a loan. A net 3% reported their last loan was harder to get than in previous attempts. One percent of owners reported that financing was their top business problem.


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Welcome to Inc.com. U.S. Retail Sales Fall 0.3% in September - WSJ. Page. Total US Retail Sales Top $4.5 Trillion in 2013, Outpace GDP Growth. Total retail sales in the US topped $4.53 trillion in 2013, and ecommerce accounted for a significant portion of that growth, up 16.9% in 2013—or nearly $40 billion—according to new figures from eMarketer.
This is eMarketer’s first-ever benchmark of total retail and retail store sales, which are based on a multimodel analysis of 169 data points that eMarketer gathered from 47 research firms and government institutions. The forecast separates retail ecommerce sales—including all purchases made on desktop and laptop computers, tablets and mobile phones—and nonecommerce sales, which mostly comprise brick-and-mortar retail purchases. Retail growth is a reflection of what’s happening in the broader economy, which is gaining momentum. The Dow Jones Industrial Average reached a new high early in 2014, and consumer confidence, as measured by The Conference Board’s Consumer Confidence Index, rose in February after three months of decline.
Up Coldwater Creek Without a Paddle. What is Black Friday? In the UK, however, Black Friday meant little until 2010.
Before then, the only knowledge most shoppers had about the US craze was the television images of consumers fighting to get into the leading stores, such as Macy’s in New York. The nearest phenomenon in the UK was Boxing Day and its ubiquitous sales. But the online shopping revolution and the rise of multinational retailers eventually brought Black Friday across the Atlantic. Four years ago, Amazon started offering Black Friday discounts in Britain. Year by year, its promotions became more widespread and other retailers joined in.
Black Friday hit critical mass in Britain last year when Asda, which is owned by America’s biggest retailer Walmart, ran flash promotions within stores. However, this year, the day is expected to be even busier. Black Friday shopping? “This year, we are offering more deals and savings than ever before and we are expecting record numbers to benefit from Black Friday Deals Week.” Rediscovering Retail’s Past: An Interview with Jan Whitaker, author of Service and Style: How the American Department Store Fashioned the Middle Class. I’ve referred and linked to Service and Style: How the American Department Store Fashioned the Middle Class by Jan Whitaker many times in this blog.
The book, and its corresponding website The History of Department Stores, are to me and to countless others the definitive source of information about this element of America’s retail past. Move over America: China overtakes US as world's biggest economy (kind of) - Business News - Business - The Independent. According to the International Monetary Fund the combined purchasing power of China's citizens now outstrips that of America's.
And by the end of the year will China should make up 16.48 per cent of the world's purchasing-power adjusted GDP for a total of $17.632 trillion (£11 trillion). The US, by contrast, will make up 16.28 per cent, or $17.416 trillion. Purchasing power parity seeks to address the fact that while wages tend to be lower in “developing” countries than in mature economies like the US, the price of goods and servicing is also typically much lower. How the Down Economy Is Impacting Consumer Buying Behavior. Details Posted by: Paul Christ The Just-in-Time Consumer (Wall Street Journal) With the U.S. economy showing only slight signs of moving out of the doldrums, many consumer products companies selling in the U.S. are still reeling and wondering when good times will return.
Unfortunately, once the economy is back on track some marketers may be in for a surprise. The problem is the length of the slowed-down economy, along with continued high unemployment rates, is leading consumers to modify their buying behavior. Over the last few years, a large number of consumers have changed how they make buying decisions. For many consumers, these changes will not be long-term.
As this story discusses, the implications of consumers maintaining their new purchasing habits may be significant for a host of companies along the supply chain. The Great Depression replaced a spendthrift culture with a generation of frugal savers. In what other ways is the economic climate forcing consumers to change? Welcome to Forbes. STUDY: Millennial Shoppers More Likely to Embrace Non-Traditional Retail Environments, Trend of Store Category Blurring Appears Strong, Top US Retailers Ranked.
Eugene, OR (PRWEB) February 14, 2014 The results of a Fall 2013 survey of over 1200 U.S.
Millennial, Generation X, and Baby Boomer consumers, conducted by retail design firm King Retail Solutions (“KRS”), emphasized the changing face of the retail industry and shoppers’ evolving attitudes towards where they will shop for groceries, fresh meals, apparel, and services ranging from haircuts to medical treatment. Equal parts male/female, and located in urban, suburban, and rural areas across the United Stated, shoppers were polled on their past shopping habits, their current shopping attitudes, their decision making factors, and their top preferred retailers (Target, Walmart, Walgreens, and Costco topped the list in each category), all as relates to purchasing these types of goods from a non-traditional source (e.g., purchasing a fresh meal from a pharmacy or a hair cut from a big box store). To request a PDF or hard copy of the study, please email press(at)kingrs(dot)com.


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WEST WARWICK – Profits for Astro-Med Inc. dropped 5.6 percent to $987,000, or 13 cents per diluted share, during the second quarter of 2012, compared with $1.05 million, or 14 cents per diluted share, during the second quarter of 2011.
The West Warwick-based high tech manufacturer saw its net sales drop 3.8 percent to $19.6 million during the three months ended July 28 from $20.3 million during the same quarter in 2011.
In addition, Astro-Med attributed a sales loss of $459,000, or 2.3 percent, to unfavorable foreign currency exchange rates.
For the six months ended July 28, Astro-Med reported net income of $1.82 million, or 24 cents per diluted share, a 23 percent increase from $1.48 million, or 20 cents per diluted share, reported during the first six months of 2011.
Astro-Med’s second-quarter net income included a tax benefit of $285,000, or 4 cents per diluted share, due to the favorable resolution of a previously uncertain tax position, according to the company.
“Astro-Med achieved another solid performance during the second quarter of fiscal year 2013,” Astro-Med President and CEO Everett V. Pizzuti said in prepared remarks.
“Astro-Med’s financial position remains very strong as detailed on its balance sheet. Cash and marketable securities declined slightly to $22.5 million, our working capital assets of accounts receivable and inventories declined by less than 2 percent from the year-end levels and reflect turnover rates of 50 days sales outstanding and 112 days of inventory on hand,” added Pizzuti.
The company also declared a regular quarterly cash dividend of 7 cents per share, payable on Oct. 4 to shareholders of record as of Sept. 14.


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Data from the Center for Safety and Applied Nutrition’s Adverse Event Reporting System can be useful in litigation and beyond.
Thanks to a new service, consumers might be little bit safer. The Food and Drug Administration (FDA) recently announced that the Center for Safety and Applied Nutrition’s Adverse Event Reporting System (CAERS) database will be made public. The CAERS is a database that includes reports about harm and product complaints submitted to the FDA.
The new database can be accessed by consumers, researchers, industry pros and attorneys. The boon helps individuals learn more about products and their potential or previous harm to individuals.
Perhaps more importantly, industry professionals now have access to data with transparency. The co-founder of Center for Science in the Public Interest in Washington, a group that monitors concerns about food safety, Michael Jacobson sees this as a victory.
“If somebody, like a poison-control center, has concerns, they can go and see if there happen to be some reports,” Jacobson said told Bloomberg.
Lawyers and companies, will find this information particularly useful. Some of the information can help with litigation. The information will certainly be mined by parties who could use reports to file lawsuits against manufacturers or retailers.
The CAERS data will help the FDA and other experts monitor and study trends in “adverse event reports” that could signal a genuine safety issue with a product.
FDA provides raw data extracted from the CAERS database. The files include data from January 2004 through March 2016, including:
- demographic and administrative information and the CAERS report ID number;
- product information from the case reports;
- symptom information from the reports;
- patient outcome information from the reports.
For those who may have experienced any type of adverse effects from food, drugs, or cosmetics, further evidence to support your claim might be available for you through the CAERS data.
See if the Medical Claim Legal team can help you along the way.


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Legendary football player Tom Brady announced Tuesday that he has officially retired from the National Football League. In a letter addressed to his fans, the professional quarterback said he would focus on his family and growing his businesses, including the new NFT venture Autograph.
Touted as one of the most successful quarterbacks in NFL history, Brady retired at the age of 44 after a career of 22 NFL seasons. He has won the Super Bowl seven times in his career, six with the New England Patriots and one with the Tampa Bay Buccaneers last season.
News of Tom Brady’s departure from the NFL was first reported by ESPN on January 29. However, the report was later declined by his father and his agent, who said Brady will announce his future plans himself.
“The future is exciting. I’m fortunate to have cofounded incredible companies like @autograph.io @bradybrand @tb12sports that I am excited to continue to help build and grow,” Brady wrote in an official Instagram post.
Tom Brady launched his non-fungible token platform ‘Autograph’ in July last year. The platform features digital collectibles from popular celebrities and brands across sports, entertainment, and culture.
Autograph has already onboarded athletes Naomi Osaka, Tiger Woods, Simone Biles, Tony Hawk, and Usain Bolt as the firm’s board of advisors. The firm raised $170 million from its recent funding round co-led by Andreessen Horowitz and Kleiner Perkins.
The move wasn’t sudden since Brady exhibited his interest in digital assets way before launching his newest venture. He invested in crypto exchange FTX in June last year where he was also announced as an ambassador for the exchange.
Brady has also launched two NFT collections, one in June last year in partnership with entertainment company Lionsgate and the other in December 2021 through Autograph.