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☆ Thieves in Peru made off with 200 sneakers worth over $13,000 — but they were all just for the right foot: report
▼ + stars: | 2023-05-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Three people broke into a shoe shop in the city of Huancayo in central Peru on Sunday. They made off with 200 sneakers — but they were all for the right foot, per Peruvian newspaper El Comercio. The heist is worth a total of 50,000 Peruvian Soles, or $13,400, Peruvian newspaper El Comercio reported Tuesday, citing another local outlet Diario Correo. Footage from the shop's security camera captured the crime, El Comercio reported. A Tuesday tweet from El Comercio showed a photo of the messy shoe shop following the crime.

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.

☆ Here are Friday's biggest analyst calls: Amazon, Apple, Tesla, Royal Caribbean, Intel, Hasbro & more
▼ + stars: | 2023-04-28 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Friday's biggest calls on Wall Street: Bank of America upgrades Hasbro to neutral from underperform Bank of America said it sees resilient demand for Hasbro . Goldman Sachs reiterates Amazon as buy Goldman said it's standing by the stock after its robust earnings report Thursday. " Benchmark upgrades Intel to buy from hold Benchmark said in its upgrade of Intel that the worst is already baked in. Bank of America upgrades Pilgrim's Pride to buy from neutral Bank of America said in its upgrade of the poultry company that the worst is behind it. Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's still bullish on Apple shares heading into earnings next week.

☆ The Shining Promise and Dashed Dreams of China’s Live Shopping Craze
▼ + stars: | 2023-04-28 | by ( Vivian Wang | ) www.nytimes.com time to read: +1 min

Now nearly half of China’s one billion internet users have tried it, even as it remains largely unfamiliar in the West. To Americans, it may be reminiscent of television shopping — but interactive and, as a result, far more compelling. For viewers, the appeal is not only convenience, but also the feeling of being catered to. Global brands from Ikea to Louis Vuitton have paid China’s influencers to stream their products. But much of the appeal of this line of business is that anyone can do it: Farmers, factory workers and retirees have joined the frenzy.

☆ Toyota Pitches a New Prius as Plug-In Hybrids Battle EVs for Share
▼ + stars: | 2023-04-24 | by ( River Davis | ) www.wsj.com time to read: 1 min

Toyota’s 2023 Prius Prime plug-in is capable of driving up to 44 miles on a battery alone. Photo: Matt McClain/The Washington Post via Getty ImagesToyota Motor Corp. is getting ready to bring its latest plug-in hybrid model to American showrooms next month, a part of the company’s bet that plug-ins can be the bridge between traditional cars and electric vehicles. Toyota, Ford Motor Co. and Hyundai Motor Co. are among global brands rolling out new plug-in hybrid gas-electric cars. While most hybrids on the road today combine gas engines with electric motors to save fuel, plug-in hybrids can drive primarily on batteries—with the engine as a backup—making them the closest thing to a full EV on the road.

☆ BMW’s Mini apologizes after meltdown over ice cream at Shanghai auto show
▼ + stars: | 2023-04-21 | by ( Nectar Gan | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —BMW has landed in hot water in China over tubs of ice cream. The luxury German automaker’s Mini Cooper unit had to apologize repeatedly after being accused of discrimination against Chinese visitors when handing out free ice cream at the Shanghai auto show this week. Reserved for staffOn Friday morning, Mini China issued another apology, saying the Westerners in the videos who got the ice cream were its staff members. The company said it handed out 300 tubs of ice cream per day to visitors at its booth on Tuesday and Wednesday. It called for the public to be more understanding of the two female Chinese workers who handed out the ice cream, saying they were young and inexperienced.

☆ Ford must rethink its brand for China as EVs boom, CEO says
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +3 min

DETROIT, April 20 (Reuters) - Facing a booming and hyper-competitive market for electric vehicles (EVs) in China, Ford Motor Co (F.N) needs to reshape its brand for the world's largest car market, Chief Executive Jim Farley said. "We're going to have to rethink what the Ford brand means in a place like China," Farley told reporters on Thursday evening in Detroit, speaking on the sidelines of a charity event. Even state-owned automakers in China had created new brands for EVs, he said. "That's why they're going big on Europe. "They're totally vertically integrated, completely, all the way to batteries.

☆ China's electric car drive, led by BYD, leaves global brands behind
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +4 min

SHANGHAI, April 17 (Reuters) - China's auto market, the world’s largest, is accelerating toward an electric future – leaving established global brands stuck in the slow lane. China’s passenger car sales were down 13% in the first quarter, data from the China Passenger Car Association show. But sales of EVs and plug-in hybrids – an area where Chinese automakers led by BYD now dominate – were up 22%. BYD dominates China’s market for plug-in hybrids, cars that have a combustion engine but are capable of being charged and running for shorter distances on electric power. In a further threat to established brands, China’s exports are growing fast, led by EVs and PHEVs.

☆ Inside the Online Market for Overseas Abortion Pills
▼ + stars: | 2023-04-13 | by ( Allison Mccann | ) www.nytimes.com time to read: +17 min

A selection of abortion pill kits available online from overseas sellers. A chart of the estimated number of abortion pills provided outside the U.S. health care system from July through December 2022. For most patients, the cost of the service remains the most important factor in deciding where to get pills online. A chart showing the minimum, average and maximum cost of abortion pills from overseas providers: Aid Access, Las Libres and for-profit online sellers. A chart showing the minimum, average and maximum delivery speeds of abortion pills from overseas providers: Aid Access, Las Libres and for-profit online sellers.

☆ Chocolate maker Barry Callebaut's half year sales volumes drop
▼ + stars: | 2023-04-05 | by ( ) www.reuters.com time to read: 1 min

[1/2] The logo of chocolate and cocoa product maker Barry Callebaut is pictured during the company's annual news conference in Zurich, Switzerland, Nov. 7, 2018. REUTERS/Arnd Wiegmann/File PhotoApril 5 (Reuters) - Barry Callebaut (BARN.S), the world's biggest chocolate maker, on Wednesday reported lower half year sales volumes due to limited availability of its global brands and lower customer demand due by inflation. The Zurich-based company, which supplies chocolate for the Magnum ice creams made by Unilever (ULVR.L) and for Nestle's (NESN.S) KitKat bars, said sales volumes in its first half of fiscal 2022/2023 fell 2.9% to 1.130 million tonnes. Reporting by Andrey Sychev and Paolo LaudaniOur Standards: The Thomson Reuters Trust Principles.

☆ How a TikTok and Instagram influencer bundles her rates to earn more from brand deals, and uses online forums to connect with brands
▼ + stars: | 2023-03-17 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +4 min

When Paulina Perez created her media kit in April 2021, she wasn't sure if she should list rates. She now offers various bundles ranging from $150 to $1,750, which has attracted all kinds of brands. Perez also explains why creators who are starting out should apply for online forums like Intern Queen. When Paulina Perez first went viral on TikTok in April 2021, she knew what she had to do. Since then, the 21-year-old's two-page media kit has helped her secure more than 20 paid deals with global brands like Sephora, Princess Polly, Oral-B, Skims, Pottery Barn, and others.

People were sharing photos online from their phones. Since then, Casetify has sold more than 15 million phone cases, topping $300 million in annual revenue last year, according to the company. Early on, Ng sent messages to anyone he saw with lots of Instagram followers, asking if they wanted to turn their photos into customized phone cases. Casetify has also expanded its product offerings — which now include a variety of accessories beyond phone cases — and shifted away from only selling online. In 2018, Nordstrom started selling Casetify products before the startup opened its own retail store in Hong Kong in 2020.

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Casetify turned custom phone cases into $300 million a year in salesCasetify's personalized phone cases are endorsed by celebrities like Kylie Jenner, and the Hong Kong-based company partners with global brands like Disney and NASA, but success wasn't always easy. Here's how millennials Wesley Ng and Ronald Yeung turned Instagram photos into a company bringing in $300 million a year.

☆ Global brands look to boost media investment in women's sports through a new partnership, The Women's Sports Club
▼ + stars: | 2023-03-07 | by ( Jessica Golden | ) www.cnbc.com time to read: +1 min

For four-time Olympian and gold medal-winning ice hockey star Angela Ruggiero, pushing for more media attention and sponsorship dollars for women's sports comes naturally. Today, through her company, the Sports Innovation Lab, she's dedicated to changing that. Ruggiero's Sports Innovation Lab on Tuesday announced a partnership with banking giant Ally to create the Women's Sports Club, a coalition of major brands and media that will work to tackle some of the challenges in buying women's sports inventory and to elevating investment in women's sports. More than 20 global brands that buy and sell sports media and sponsorships are coming together to drive media spending to women's sports. The Women's Sports Club will meet at significant media and sporting events throughout the year, beginning with the South by Southwest event next week in Austin, Texas.

☆ Chinese companies have rushed to fill the gap in Russia left by brands exiting from the Ukraine war
▼ + stars: | 2023-02-25 | by ( Michelle Toh | ) edition.cnn.com time to read: +7 min

Chinese manufacturers were already popular in Russia before the war, accounting for approximately 40% of the smartphone market in December 2021. Tough times for consumersAlthough Chinese brands are reaping the rewards of the Western embargo, the Russian market is shrinking as its economy slumps. If the war in Ukraine ends, Apple and Samsung will likely rebuild operations in the country — and quickly recapture smartphone sales, Stryjak said. Even then, with the return of international brands, Chinese players could retain their foothold, particularly given how long it could take to rebuild supply chains. “Stating this a bit harshly, but the Russian brands and the Chinese brands are kind of stand-ins for the real players,” said Le at Sino Auto Insights.

☆ I'm a TikTok and Instagram creator who earned over $100,000 for the first time last year. Here are 3 things I wish I knew earlier in my career.
▼ + stars: | 2023-02-25 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +5 min

Tej Patel has 67,000 followers across TikTok and Instagram, where he posts photography and film content. Now, I have 58,400 followers on TikTok and almost 10,000 followers on Instagram. I made $100,000 for the first time last year, including earnings from brand sponsorships, TikTok's creator fund, and my photography and video production business. Here are three things I wish I knew earlier in my career that other creators should look out for. For me, that's anything related to photography, filmography, South Asian representation, and being a creator in New York City.

[1/3] Starbucks cups are pictured on a counter in the Manhattan borough of New York City, New York, U.S., February 16, 2022. REUTERS/Carlo AllegriFeb 2(Reuters) - Starbucks Corp (SBUX.O) missed Wall Street expectations for quarterly comparable sales on Thursday, as persistent weakness in the coffee chain's China business offset strong sales in the North American market. That resulted in a 29% fall in China comparable sales for Starbucks in its first fiscal quarter ended Jan. 1, pulling total international comparable sales down 13%. Global comparable sales at Starbucks rose 5%, compared with analysts' average estimate of a 6.75% rise, according to Refinitiv IBES data. Starbucks reiterated its previous guidance of global comparable sales growth of 7% to 9% for its fiscal 2023.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Hostess, Home Depot, Rivian, Netflix & more
▼ + stars: | 2022-12-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Here are Tuesday's biggest calls on Wall Street: Atlantic Equities names Coca-Cola as a top 2023 pick Atlantic Equities said it sees "category momentum" for shares of the beverage giant. JPMorgan reiterates Apple as overweight JPMorgan cut its price target on Apple to $190 per share from $200 due to supply chain challenges concerns. JPMorgan names Amazon as a top 2023 pick JPMorgan said Amazon is the "most diversified mega-cap across revs/profit & has numerous large growth opportunities." JPMorgan resumes DuPont as overweight JPMorgan resumed coverage of the stock and said it sees several positive catalysts ahead. JPMorgan names Bank of America a top 2023 pick JPMorgan said it likes the stock due to a "lower share of nonprime consumer loans."

☆ Mondelez to Sell Trident, Other Gum Brands for $1.35 Billion
▼ + stars: | 2022-12-19 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Mondelez is selling its gum business in the U.S., Canada and Europe. Mondelez International Inc. said it has agreed to sell Trident , Dentyne and other gum brands in developed markets for $1.35 billion, part of the food company’s plan to focus on chocolates, cookies and other snacks. The buyer is Perfetti Van Melle Group, a candy maker known for global brands such as Mentos and Chupa Chups. Mondelez said the sale price represents a multiple of 15 times current year estimates for earnings before interest, taxes, depreciation and amortization.

☆ SponsorUnited wants to be the 'Bloomberg terminal' for brand sponsorships. It used this 12-slide pitch deck to raise $35 million.
▼ + stars: | 2022-11-23 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +3 min

SponsorUnited has raised $35 million to become the 'Bloomberg terminal' for brand sponsorships. The startup's platform helps brands see data on sponsorships across their respective industries. Check out the 12-slide pitch deck it used to raise the funds in a Series A round. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. A source close to the firm said that the round puts the startup's valuation at north of $100 million, with the total now raised at $38.6 million since its launch.

☆ India's Tata to open 20 'beauty tech' outlets, in talks with foreign brands
▼ + stars: | 2022-11-16 | by ( Aditya Kalra | ) www.reuters.com time to read: +7 min

Tata is in talks with more than two dozen companies to supply exclusive products to the new stores, according to the person familiar with the strategy, who did not name specific brands. Tata declined to comment on its planned beauty stores and the contents of the document seen by Reuters. The store opening plans, still under wraps, follow the recent launch of Tata's beauty shopping app, called Tata CLiQ Palette. The stores will have a bright red facade showing Tata CLiQ Palette branding, with 70% of the products inside being skincare and make up, according to the Tata document. The new stores should drive "sales across channels as a leading Beauty Tech destination for Gen Z & Millennials," the Tata document says.

☆ China's COVID curbs intensify as cases surge to highest since Shanghai lockdown
▼ + stars: | 2022-11-11 | by ( Ryan Woo | ) www.reuters.com time to read: +4 min

REUTERS/Aly SongBEIJING, Nov 11 (Reuters) - Chinese authorities stepped up COVID-19 lockdowns and other curbs to halt clusters from spreading as China's case load soared to its highest since this year's Shanghai lockdown, with Beijing and Zhengzhou seeing record daily cases. China reported on Friday 10,535 new locally transmitted cases for Nov. 10, the highest since April 29, when the country's commercial hub, Shanghai, was battling its most serious outbreak. The southern city of Guangzhou, the current epicentre of China's COVID fight, reported 2,824 new local cases for Nov. 10, the fourth day in which infections exceeded 2,000. TIGHTER MEASURESOther major cities such as Beijing, Zhengzhou and Chongqing have tightened measures this week as daily cases renewed all-time highs. Beijing reported 118 new local cases for Nov. 10, a daily record but still low compared with other Chinese cities.

☆ Taiwan’s virtual beauty brand struggles on Wall Street debut
▼ + stars: | 2022-11-08 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

Hong Kong CNN Business —Taiwan’s latest entrant to Wall Street has had a rough ride since it went public a week ago. Perfect Corp. lends its technology to beauty and fashion brands. Perfect Corp. founder and CEO Alice Chang said she spoke to CNN Business while wearing the company's "digital makeup" on a conference call. The question was: “How can I link the virtual beauty with the real world beauty?” Chang recalled. Perfect Corp. is one of a handful of Taiwanese companies to list in the United States in recent years, according to Dealogic data.

☆ How Indonesia's counterfeit problem spurred a multi-million dollar beauty business
▼ + stars: | 2022-10-31 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Indonesia's counterfeit problem spurred a multi-million dollar beauty businessChrisanti Indiana co-founded Social Bella in 2015, which started off as an Indonesian e-commerce platform that sells beauty products from global brands. It has since expanded to more than 60 brick-and-mortar shops, offering consumers an "omni-channel" shopping experience. CNBC Make It's Goh Chiew Tong speaks to the 31-year-old to find out how she grew her startup into a multi-million company.

☆ This millennial took a gamble during the pandemic. Now her startup has raised over $225 million
▼ + stars: | 2022-10-31 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +6 min

"A lot of people actually told us that it's a very bold move to actually open an offline presence, while everybody was closing their offline stores [during the pandemic]," she added. But that was a "well-calculated" move for Social Bella, which operates Sociolla. Indiana, the co-founder and chief marketing officer of Social Bella, tells CNBC Make It how she took her Jakarta-based startup to the next level. The makeup junkie realized that in Australia, she had easy access to a wide range of beauty products from international brands. On top of that, the business also operates Soco, which Social Bella says is Indonesia's largest online review service for beauty products.

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