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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailVendidit co-founder John Paul DeJoria on using AI for retail returnsJohn Paul DeJoria, Vendidit co-founder, John Paul Mitchell Systems co-founder and Patrón founder, joins 'Squawk Box' to discuss his new venture into AI that aims to tackle the surge of retail returns, his new tequila venture, and more.
Persons: John Paul DeJoria, Vendidit, John Paul Mitchell Organizations: John Paul Mitchell Systems
When John Paul DeJoria first started selling tequila, he knew plenty about business — but "nothing whatsoever" about the liquor industry, he says. He was convinced he had a product superior to anything else on the market, and he knew he could sell it. Today, Patrón is one of the top-selling tequila brands in the world, selling roughly 3 million cases each year. Forbes currently estimates his net worth at roughly $3 billion. We knew nothing about the business, but we knew it was the best tequila in the world.
Persons: John Paul DeJoria, He'd, DeJoria —, , hairstylist Paul Mitchell, John Paul Mitchell, DeJoria's, Martin Crowley, DeJoria, Francisco Alcaraz, Clint Eastwood Organizations: CNBC, John Paul Mitchell Systems, Bacardi Limited, Forbes Locations: Mexico, Mexican, Los Angeles, Patrón
Coral reefs, often called the "rainforests of the sea," support roughly 25% of all known marine species. And the planet has lost half its coral reefs since the 1950s due in large part to climate change. The annual value of U.S. commercial and recreational fisheries dependent on coral reefs is $200 million. Brosnan has been studying coral reefs for more than 25 years, with a specific focus on the Caribbean. So right now today, we lose more coral reefs in a day than we can restore in a decade."
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