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☆ Paris Fashion Week: What we saw at the Fall-Winter 2024 menswear shows
▼ + stars: | 2024-01-23 | by ( Samantha Tse | ) edition.cnn.com time to read: +8 min

Paris CNN —The Fall-Winter 2024 menswear shows in Paris saw the return of Balmain Homme after a four-year absence, Givenchy’s first collection since Matthew Williams’ departure and the runway debut of fashion company 032c. Je T’imbsParis fell hard for Timberland’s iconic six-inch yellow boots last week, in what is the heritage American brand’s 50th anniversary year. They look Black, they look Native American.”Shoes as armorIn many collections this season, sneakers were swapped for more formal footwear options. Models at Balmain Homme wore shiny black block-heeled boots encrusted with crystal detailing or monochrome square-toed wingtip boots with loose-cut trousers in bold colors. Ballet dancer Rudolf Nureyev provided inspiration from the ground up for Kim Jones' Dior Homme collection.

Persons: Givenchy’s, Matthew Williams, Aaliyah, Tupac, B.I.G —, Louis Vuitton, Wales Bonner, Vuitton, Francois Durand, Pharrell Williams, Timbs ”, ”, Maisie Willoughby, “ Howard ”, Ik, Rhude, Mike Amiri, Grandpa cardigans, Louis, ” Williams, “, Shutterstock, Rick Owens, Valerio Mezzanotti, Van Noten, Kim Jones, Dior Homme, Straytukay, Owens, Balletcore, Balletcore ”, Dior, Rudolf Nureyev, Jones ’, Colin Jones, Jones, Valentino’s Pierpaolo Piccioli, Valentino, Pierpaolo, Givenchy —, Matthew M, Williams, —, Hubert de Givenchy’s Organizations: Paris CNN, Balmain Homme, American, Louis, Getty, Vuitton, Wales, Ivy, Black Howard University, Lakota, Vogue Locations: Paris, Italy, Washington, Wales, American, Los Angeles, Amiri's, Dakota, Van, Belgian, London, Russian, Givenchy

☆ I tried a $35 Wagyu beef sandwich at Harrods and it was as disappointing as it was expensive
▼ + stars: | 2023-11-25 | by ( Polly Thompson | ) www.businessinsider.com time to read: +5 min

Harrods, London's upmarket department store, sells a Wagyu beef sandwich for £28 ($35.) Simply called the "Wagyu Steak Sandwich," the new addition to the menu at Harrods in Knightsbridge contains strips of Wagyu beef fillet along with accompanied by porcini and truffle butter, gold mustard mayo, large portobello mushrooms, arugula, and beer- braised onions. The Harrods deli counter where you can purchase the Wagyu sandwich. High-grade marbled Wagyu beef is a delicacy typically imported from Japan and can cost anywhere between $120 and $300 per pound. To its credit, and to be expected when it packs a whopping 1,040 calories, the Harrods sandwich was a generous size and I was definitely full by the end.

Persons: —, porcini, Polly Thompson, I've, I'd, Mark Field Organizations: Harrods, Business, Service, Qatari, Consulting Locations: Britain, Knightsbridge, mayo, portobello, Japan, Harrods, Hyde

☆ The CEO of Pret was promoted 10 times from store manager to CEO — here are 3 his tips to get the promotion
▼ + stars: | 2023-11-15 | by ( Kiera Fields | ) www.businessinsider.com time to read: +5 min

Pano Christou started working at the British sandwich franchise Pret a Manger when he was 21. AdvertisementPano Christou was 21 when he started at Pret a Manger as a store manager in London. As Pret's CEO, Christou was paid more than £4 million in 2021, including a salary of £400,000, per The Guardian . CEO is the position he's held the longest, followed by general manager, which he held for four years. Maintain good relationships with managementThe CEO said that having great managers he gelled with helped his ascension at Pret.

Persons: Pano Christou, Christou, —, Pret, they're, he's, Andrew Walker, Walker, didn't, gunning, I've, Zers Organizations: Service, Blockbuster, Guardian, Pret, Pret's Locations: Pret, London, New York, McDonald's, Pret's

☆ Pret a Manger's CEO started out making $3 an hour at McDonald's when he was 16
▼ + stars: | 2023-11-06 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +3 min

Pret a Manger's CEO Pano Christou started his career at McDonald's when he was 16. He was paid $3 an hour as a "crew member" but gradually rose up the ranks. Other successful people have started out at McDonald's, including Amazon founder Jeff Bezos. AdvertisementAdvertisementPret a Manger's CEO started as a crew member at McDonald's making just over $3 an hour. AdvertisementAdvertisementLike Christou, other successful execs and celebrities started out their careers at McDonald's including Amazon founder Jeff Bezos.

Persons: Pano Christou, Jeff Bezos, —, Christou, Fortune, I've, – I've Organizations: McDonald's, Amazon, Service, Pret Locations: McDonald's, Cypriot

☆ The fashion show that changed hip-hop forever
▼ + stars: | 2023-10-10 | by ( Sowmya Krishnamurthy | ) edition.cnn.com time to read: +8 min

CNN —Chanel’s 1991 Fall-Winter ready-to-wear show was set in Paris, but its soul was right off the streets of New York City. “He listens to everything, reads everything, sees everything, and then distills it into these potent fashion images.”Linda Evangelista and Karl Lagerfeld (center) walk the runway during the finale of Chanel's 1991 Fall-Winter fashion show in Paris, France. Victor Virgile/Gamma-Rapho/Getty ImagesWhat would become known colloquially as Chanel’s “hip-hop collection” was a watershed moment, the pinnacle of French prêt-à-porter (ready-to-wear) welcoming hip-hop into its sanctum. It’s unclear whether Mizrahi and the like appreciated hip-hop or saw it as a grab for cache and cash. Editor’s Note: This piece is excerpted from Sowmya Krishnamurthy’s “FASHION KILLA: How Hip-Hop Revolutionized High Fashion,” published by Gallery Books, a subsidiary of Simon & Schuster.

Persons: CNN —, Nancy Sinatra’s “, Rocky, Sylvester Stallone, Dolph Lundgren, gazed, Karen Mulder, Helena Christensen, Linda Evangelista, CHANEL, ”, glitz, “ Chanel ”, Jeans, risqué, “, Karl Lagerfeld, Lagerfeld, Tim Blanks, ” Linda Evangelista, Victor Virgile, Chanel, ” gushed Rose Marie Bravo, Isaac Mizrahi, Charlotte Neuville, Adrienne Vittadini, Randolph Duke, Norma Kamali, Arthur Hubbert, Katharine Hamnett, Rifat Ozbek, Queen Latifah, Donna Karan, Mizrahi, ” Mizrahi, Freddy, Chuck D, Flav, Al Pereira, Michael Ochs, Denise Burrows, Pat Cleveland, Dorothy “ Terri ” Springer, Gucci, Louis Vuitton, Simon, Schuster, Sowmya, Simon & Schuster Organizations: CNN, Co, Magazine, Newsweek, Penske Media, Getty, Women’s, Michael Ochs Archives, Fashion, New York Times, Gallery Books, Simon & Locations: Paris, New York City, Harlem, France, Chanel

☆ Insider Today: The hottest job markets
▼ + stars: | 2023-09-23 | by ( Diamond Naga Siu | ) www.businessinsider.com time to read: +7 min

Speaking of change and mobility, if you're looking for a new job, we have an inside look at how competitive job hunting currently is. Justin Sullivan/Getty ImagesBad news for job hunters: You're competing with more people for a job now, compared with the same time period one or two years ago. AdvertisementAdvertisementHowever, data from LinkedIn shared with Insider comparing job vacancies with active applicants paints a more complex image. Rankings were based on job market and work conditions, affordability, crime and safety, workplace diversity, and health and leisure. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Justin Sullivan, there's, Rand, Mike Steinitz, Robert Half, Steinitz, you've, Hoshino, Craig F, Walker, Pano Christou, Arantza Pena Popo, Gen Alpha, Brittany Chang, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Companies, LinkedIn, Ministry of Justice, Hoshino Resorts, Brussels Airlines, Cambridge, Harvard University, Boston Globe, Getty Images, Getty Locations: Wall, Silicon, New York City, San Diego, United States, Japan, Pomfret , Vermont, Brussels, England, Massachusetts, Rhode Island, New Hampshire, situationships, Salem, Kansas, London, New York

☆ The Pret a Manager CEO's resume is going viral on X, and it's a masterclass in climbing the corporate ladder
▼ + stars: | 2023-09-20 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

A screenshot showing the LinkedIn resume of Pret a Manger's CEO is going viral on X. A 2018 LinkedIn study of over 12,000 CEO profiles found that 80% were sourced from other companies. The company also said in a 2019 announcement that Christou joined Pret in 2000. Good for them," commented one X user in a post seen over 100,000 times on the platform. AdvertisementAdvertisementChristou and Pret a Manger did not immediately respond to requests for comment, sent outside regular business hours.

Persons: Christou, Dan Barker, Doug McMillon, Clive Schlee, Jardine Matheson, — Organizations: Service, Twitter, Pret, Blockbuster, McDonald's, Walmart, Times, Holdings, Financial Times Locations: Wall, Silicon, McDonald's, Pret, Hong Kong

☆ Donald Trump's favored inflation gauge? Bacon.
▼ + stars: | 2023-09-18 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Donald Trump pointed to the rising cost of bacon as evidence for inflation. "Bacon is up five times… food is up horribly, worse than energy," he told NBC Sunday. Sliced bacon prices have actually only risen by about 12% since Trump left office. "Bacon is up five times… food is up horribly, worse than energy," he added. AdvertisementAdvertisementPerhaps the Donald Trump Bacon Index will one day join those two in the pantheon of great food-based economic metrics.

Persons: Donald Trump, Bacon, Trump, NBC's, Kristen Welker, Joe Biden's, hasn't, Donald Trump Bacon Organizations: NBC, Service, Sunday, Bureau of Labor Statistics –, Federal, Republican, Bloomberg, London and Locations: Wall, Silicon, Pret, London, London and New York

The private equity firm's follow-on investment translates into an additional equity stake of 0.25% in Reliance Retail on a fully-diluted basis, taking KKR's total equity stake in the Indian company to 1.42%, the retailer said in a statement on Monday. That year, KKR had invested 55.5 billion rupees ($669.65 million) in Reliance Retail. Morgan Stanley acted as financial adviser to Reliance Retail. Ambani said in 2019 that the group planned to list the retail business in five years. Reliance Retail reported a consolidated net profit of 91.81 billion rupees ($1.11 billion) for the financial year that ended in March 2023, on revenue of 2.6 trillion rupees.

Persons: Maggi, Niharika Kulkarni, Mukesh Ambani's, Jimmy Choo, Spencer, Pret, Ambani, Morgan Stanley, Aditya Kalra, Toby Chopra, Tomasz Janowski, Deepa Babington Organizations: REUTERS, KKR, Co Inc, Retail Ventures, Reliance, Reliance Retail, Saudi Public Investment Fund, General Atlantic, United Arab, Asian, IV, Reuters, Qatar Investment Authority, Unilever, Thomson Locations: Mumbai, India, DELHI, United Arab Emirates

That implies a potential $2.5 billion investment will be equivalent to a 2.5% stake in the company. "Several marquee global strategic and financial investors have shown strong interest in Reliance Retail. Ambani said in 2019 that the group planned to list the retail business in five years. Reliance Retail has more than 18,000 retail outlets, but also a growing e-commerce operation where it competes with the likes of Amazon (AMZN.O) and Walmart's (WMT.N) Flipkart. Reliance Retail reported a consolidated net profit of 91.81 billion Indian rupees ($1.11 billion) for the financial year that ended in March 2023, on revenue of 2.6 trillion rupees.

Persons: Ambani, Mukesh Ambani's, Reliance, Morgan Stanley, QIA, Ambani's, Isha Ambani, Aditya Kalra, Scott Murdoch, Sriram, Munsif Vengattil, Susan Fenton Organizations: Retail Ventures, Reuters, Qatar Investment Authority, India's, Burberry, Reliance, Reliance Retail, KKR, Saudi Public Investment Fund, General Atlantic, United Arab, Unilever, Thomson Locations: SYDNEY, Qatar, U.S, China, United Arab Emirates, New Delhi, Sydney, Mumbai

☆ Pret a Manger was fined $1 million after an employee was trapped in a freezer for more than 2 hours and thought she was going to die
▼ + stars: | 2023-08-31 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

A Pret a Manger worker was stuck in a freezer at a London store for over two hours in just jeans and a t-shirt. The worker was "in a state of distress and believing she was going to die," Westminster City Council said. She was "in a state of distress and believing she was going to die," the Council said. The worker was then taken to hospital where she was treated for suspected hypothermia, the Council said. A spokesperson for Pret told Insider that the employee was discharged from hospital the same day.

Persons: Pret Organizations: Westminster City, Service, Pret's London Victoria Coach, Victoria Coach Station, Westminster Magistrates Locations: London, Westminster, Wall, Silicon, Pret, Victoria, France, Dubai, Hong Kong

REUTERS/Niharika Kulkarni/File Photo Acquire Licensing RightsMUMBAI, Aug 28 (Reuters) - Reliance Industries' retail unit is attracting "strong interest" from other top investors after raising $1 billion from Qatar Investment Authority, its billionaire chairman Mukesh Ambani said on Monday. "Several marquee global strategic and financial investors have shown strong interest in Reliance Retail," he said, adding he would share progress about them "in due course". Ambani said in 2019 that the group planned to list the retail business in five years. Reliance also said on Monday that Ambani's three children, including Isha Ambani, will join the board of parent Reliance Industries. Reliance Retail has invested more than $10 billion in the last two years and opened 3,300 new stores last year, Isha Ambani said.

Persons: Niharika Kulkarni, Mukesh Ambani, Ambani, Ambani's, Isha, Tiffany, Reliance, Isha Ambani, Sriram, Aditya Kalra, Susan Fenton Organizations: REUTERS, Rights, Reliance Industries, Qatar Investment Authority, Reliance Retail, KKR, Silver Lake, TPG, Reliance, Burberry, Unilever, PepsiCo, Thomson Locations: Mumbai, India, Asia, Africa

☆ UK's Pret takes coffee subscription service to US and France
▼ + stars: | 2023-08-24 | by ( James Davey | ) www.reuters.com time to read: +1 min

LONDON, Aug 24 (Reuters) - British sandwich and coffee chain Pret A Manger will launch its monthly coffee subscription service in the United States and France this year after the scheme proved a success in its home market, it said on Thursday. The group, commonly referred to as Pret, launched its coffee subscription service in September 2020, trying out a new business model to get it through the COVID-19 pandemic which hammered its sales. In April it rebranded the service as "Club Pret". A spokesperson for Pret said the price of the subscription service in the U.S. and France had not yet been confirmed. Pret said the rebranded subscription service in the UK had seen 17.8 million redemptions in its first three months, up 31% year-on-year.

Persons: Sinclair Beecham, Pret, James Davey, Rosalba O'Brien Organizations: Thomson Locations: United States, France, U.S

☆ Wearing Paint Instead of Clothes on the Streets of New York
▼ + stars: | 2023-07-25 | by ( Callie Holtermann | More About Callie Holtermann | ) www.nytimes.com time to read: +1 min

Across from a Pret a Manger near Union Square Park, Nicolette Barischoff held still as an artist painted an open blue eye across her sternum on Sunday. “It’s a very Zen experience,” she said, as photographers snapped pictures from behind police barricades. This year’s installment was the 10th — and the last, according to the event’s founder, Andy Golub, an artist. He said he was ending it to focus on other projects for his organization, Human Connection Arts. Nije Durdeen, 31, came from Philadelphia to model after learning she might not get another chance.

Persons: Nicolette Barischoff, “, ”, Ms, Barischoff, Andy Golub, Nije Durdeen Organizations: Human Connection Locations: Los Angeles, Philadelphia

Reliance Retail includes Ambani's core retail businesses, including digital and brick-and-mortar stores. It is fully owned by Reliance Retail Ventures, which also houses other retail operations such as international partnerships and the billionaire's consumer goods business. In 2020, Reliance Retail Ventures raised 472.65 billion Indian rupees ($5.72 billion) by selling a 10.09% stake, valuing it at roughly $57 billion based on current exchange rates. EY valued Reliance Retail at 884.03 rupees per share, while BDO valued it at 849.08 rupees, the source said. Reliance Retail has in recent years partnered with a slew of global brands to launch and expand their presence in India.

Persons: Mukesh Ambani, valuers, Ambani, Tiffany, Aditya Kalra, Sriram, Chris Thomas, Savio D'Souza, Louise Heavens, Mark Potter Organizations: Reliance, Reuters, BDO, EY, Reliance Retail Ventures, KKR, Saudi Public Investment Fund, General Atlantic, Reliance Retail, Burberry, Thomson Locations: DELHI, India, New Delhi, Mumbai, Bengaluru

[1/5] Customers stand next to a counter at a Starbucks' outlet at a market in New Delhi, India, May 30, 2023. Starbucks plans to open more stores in smaller towns, said an industry source, who spoke on condition of anonymity. Soon after Starbucks' May launch of $3.33 milkshakes, designed to attract children, Third Wave launched its own range, a fifth cheaper at $2.71. He saw Starbucks' cheaper, small-sized drinks as a response to competition in "an incredibly price-sensitive market". "Going deeper into smaller cities, beyond the metros, is the only way to grow," said Ankur Bisen, head of retail at India's Technopak Advisors.

Persons: Sushant Dash, Tim Hortons, Devangshu Dutta, We've, chai, Chas Hermann, Sushant Goel, Matt Chitharanjan, Dash, Ankur Bisen, Sriram, Aditya Kalra, Anushree Fadnavis, Varun Vyas, Euan Rocha, Miyoung Kim, Sophie Yu, Hilary Russ, Clarence Fernandez Organizations: REUTERS, MUMBAI, Blue, Starbucks, Tata Group, BET, CHAI, Wave, Third, Reuters, Blue Tokai, India's Technopak, Thomson Locations: New Delhi, India, American, DELHI, U.S, Blue Tokai, China, Singapore, United States, Bengaluru, Delhi, Aurangabad, Beijing, New York

☆ Shein partners with Reliance in major India comeback
▼ + stars: | 2023-05-26 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Shein is plotting a major comeback in India, nearly three years after it was booted out of the country. The fast fashion giant is partnering with the retail arm of Mukesh Ambani’s Reliance Industries, a Shein spokesperson confirmed Friday. “We can confirm Shein’s partnership with Reliance Retail and have no additional comment at this time,” a Shein spokesperson said. A powerful partnerIts new partnership with Reliance Retail, which bills itself as the country’s largest retailer, could be a game-changer. Shein has said it doesn’t have any suppliers in the Xinjiang region, and it has zero tolerance for forced labor.

Persons: Hong Kong CNN — Shein, Mukesh Ambani’s, Shein, Bain, “, Sania Farooqui Organizations: Hong Kong CNN, Industries, Wall Street, Financial Times, Reliance, Reliance Retail, Burberry, Apple, US Securities and Exchange Commission Locations: Hong Kong, India, Zara, China, Singapore, ”, Washington, Xinjiang, New Delhi

The case for investing in India — a nation of 1.4 billion — is clear, and only bolstered by recent geopolitical shifts. As Western leaders look to boost economic cooperation with countries that share similar values, India, the world’s largest democracy, stands to gain. Arun Sankar/AFP/Getty ImagesIndia’s so-called “demographic dividend,” the potential economic growth arising from a large working-age population, represents a major opportunity. A recent Air India order for more than 200 Boeing planes could support more than 1 million American jobs. One consistent with our democratic values, and another not.”‘Economic miracle?’Beyond geopolitics, India’s economic and demographic fundamentals are driving business interest.

☆ UK's Pret hikes price of coffee subscription service, offers food discount
▼ + stars: | 2023-04-25 | by ( ) www.reuters.com time to read: +1 min

LONDON, April 26 (Reuters) - British sandwich and coffee chain Pret A Manger has raised the price of its monthly coffee subscription service by 20% to 30 pounds ($37.34) but expanded it to include a 10% reduction on everything sold in its shops. The group, commonly referred to as Pret, launched its coffee subscription service in September 2020, trying out a new business model to get it through the COVID-19 pandemic which hammered its sales. Pret, which trades from 439 UK shops, said on Wednesday the service was being rebranded to "Club Pret". Official UK data published last week showed overall consumer price inflation fell to 10.1% in March. Pret, owned by investment firm JAB and founder Sinclair Beecham, said the coffee subscription service has been "hugely successful".

☆ Junior doctor strike: Some of England's trainee doctors are paid less than fast-food workers. They've had enough
▼ + stars: | 2023-04-14 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

“For too long we have been undervalued,” Vivek Trivedi, co-chair of the BMA junior doctors committee, told a crowd of striking doctors Tuesday. It is difficult to compare the salaries of UK junior doctors with those of their international peers, said Lucina Rolewicz, a researcher at Nuffield Trust, a healthcare think-tank. Junior doctors make up nearly 40% of England’s NHS doctors, according to the confederation. But NHS junior doctors have been squeezed for well over a decade, says former radiologist Tania King-Mohammad. “[Junior doctors’] pay is not reflective of their education, dedication and commitment,” King-Mohammad said.

☆ UK doctors begin three-day strike in pay dispute
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +3 min

LONDON, March 13 (Reuters) - Thousands of junior doctors in England walked out on Monday in three-day strike that will disrupt patient care, as they protest over pay they say can work out at less per hour than a barista. Junior doctors in Britain are qualified physicians, often with several years of experience. [1/3] People attend a protest by junior doctors, amid a dispute with the government over pay, outside St Thomas' Hospital in London, Britain, March 13, 2023. Last month, 98% of the nearly 37,000 who took part in the BMA's strike ballot voted in favour. Robert Laurenson, co-chair of the BMA's Junior Doctors Committee, said they had seen a real terms pay cut over the last 15 years due to public sector wage freezes.

☆ UK doctors begin strike likely to be 'most disruptive' for health service
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

[1/3] People attend a protest by junior doctors, amid a dispute with the government over pay, outside St Thomas' Hospital in London, Britain, March 13, 2023. The strike is the latest involving staff at Britain's state-funded National Health Service (NHS), following walkouts by nurses, paramedics and other workers demanding a pay rise that better reflects double-digit levels of inflation. "This is likely to be the most disruptive set of industrial action days that we've seen all winter," Powis told Times Radio. "We are working closely across the NHS to make sure that services are not affected in those emergency pathways," he said. Junior doctors in Britain are qualified physicians, often with several years of experience, who work under the guidance of senior doctors and represent almost half of the country's medical workforce.

☆ Costa Coffee raises UK staff pay for third time in a year
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +1 min

LONDON, March 6 (Reuters) - Costa Coffee has followed rival Pret A Manger in raising pay for its British store staff for the third time in a year. The UK government-mandated National Living Wage will rise to 10.42 pounds an hour from April, an increase of 9.7%. Costa Coffee said its latest rise takes the increase over the last 12 months to over 14%. Rival Pret announced another pay rise for its staff last week, while food retailers Tesco (TSCO.L), Asda and Marks & Spencer (MKS.L) have also all recently announced increases. Costa Coffee said it also provides workers with a store performance related bonus, free drinks while on shift and a 50% staff discount.

☆ If you use Snapchat, you could get a $117 check from a data privacy lawsuit—the deadline to apply is Saturday
▼ + stars: | 2022-11-04 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Snap Inc., the social media app's parent company, is set to pay out $35 million to current and former Illinois residents for allegedly storing their facial recognition data without their consent. You'll need to include your Snapchat username and at least one Illinois address where you lived. Facebook, TikTok, Google, Shutterfly and Pret A Manger have all settled similar cases in Illinois over the last 14 months, too. California residents already have some data protection under the California Consumer Privacy Act. Fennessy also notes that as our collective understanding of data privacy grows, future lawsuits will focus less on user consent and more on what companies do with biometric data once they have it.

☆ Some TikTok users are receiving $167 checks over data privacy violations—and Google and Snapchat could be next
▼ + stars: | 2022-10-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

This week, TikTok users across the country who created videos on the app before September 30, 2021, began receiving payments between $27.84 and $167.04 following a $92 million class-action data privacy settlement with the social media platform. The largest checks went to short- and long-term residents of Illinois, where TikTok was sued for violating the state's strict biometric data laws by collecting and implementing facial recognition data into its algorithms without user consent. On the surface, facial recognition features on social media seem harmless, if not beneficial to the user experience — but experts say there are underlying consequences. Matthew Kugler, a privacy law professor at Northwestern University told CNBC Make It in May that such businesses hold the potential to eliminate our anonymity. In 2019, a study Kugler authored found that 70% of its participants were uncomfortable with companies using facial recognition data to track individual's locations and serve target ads.

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