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☆ Kellogg has a new name for its snack spinoff: 'Kellanova'
▼ + stars: | 2023-03-15 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

New York CNN —Kellogg has picked a name for its new spinoff companies. As for “WK Kellogg Co.,” well, that’s a little more straight forward because its named after company founder William Keith Kellogg. Employees helped decide the names, Kellogg (K) said. Kellogg (K)” and others that included a variation of the word “nova.”Despite the silly sounding results, landing on a spinoff name is harder than it looks. Kellanova is using the NYSE ticker symbol “K,” while ticker and exchange information about “WK Kellogg Co.” will be announced in the coming months.

Hong Kong/Tokyo CNN —Masatoshi Ito, the Japanese billionaire who turned 7-Eleven convenience stores into a global empire, has died aged 98, closing the chapter on one of Asia’s most storied retail entrepreneurs. A 7-Eleven convenience store in Japan's Kanagawa Prefecture, on January 9, 2023. So, how did 7-Eleven become synonymous with the Japanese convenience store culture as we know it today? He renamed the company Ito Yokado and started running the business like a US supermarket. Ito Yokado was renamed Seven & I Holdings in 2005, and Ito remained its honorary chairman until his death.

☆ 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.

☆ Buy these 16 dividend stocks to collect consistent cash payments while inflation stays high, according to a fund manager who outperformed 95% of his peers last year
▼ + stars: | 2023-02-20 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

"Just simply by focusing on quality companies with strong free cash flows is going to get you through any economic cycle. When looking for dividend stocks, the fund manager said it's crucial to consider a company's cash flow to ensure that it will be able to provide consistently high cash payments each quarter. "We do think it's prudent for investors to focus on — whether it's sectors as a whole or companies — strong, resilient cash flows," Morey said. "Because in an environment that we're in right now, cash is king, and cash flows are the life of companies. And without cash flows, you're tapping into other sources for capital, which is now at a much higher rate."

Manchester United, INEOS, Tesla and Musk did not reply to requests for comment. "For potential buyers, football clubs like Manchester United are considered trophy assets driven by the perception of exclusivity. The size of that bid has fuelled speculation Manchester United will attract significantly more. Manchester United is the fourth richest soccer club in the world, according to analysis by Deloitte. A small portion of Manchester United shares is listed on the New York Stock Exchange.

[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.

☆ Dior Homme gives new life to age-old classics at Paris Fashion Week
▼ + stars: | 2023-01-20 | by ( Mimosa Spencer | ) www.reuters.com time to read: +1 min

[1/5] A model presents a creation by designer Kim Jones as part of his Menswear ready-to-wear Fall/Winter 2023-2024 collection show for fashion house Dior during Men's Fashion Week in Paris, France, January 20, 2023. REUTERS/Benoit TessierPARIS, Jan 20 (Reuters) - Dior Homme took to the runway with a polished lineup of reworked classics on Friday, kicking Paris Fashion Week's menswear shows into high gear with a celebrity-packed show. A sombre procession ensued and models walked out slowly, as actors Gwendoline Christie and Robert Pattinson recited T.S. Dior men's artistic director Kim Jones transformed familiar pieces such as fishermen's rain caps, slickers and chunky sweaters into an elevated styles in muted colors - ivory, dusty blues and a pale, mustard yellow. Paris Fashion Week menswear shows run through Jan. 22.

☆ Who is Shou Zi Chew? Mounting scrutiny on TikTok could put new spotlight on its CEO
▼ + stars: | 2023-01-20 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +8 min

Months later, when TikTok was grilled by Congress over privacy and security concerns, Pappas was the TikTok executive in the hot seat fielding questions. But Chew, who took over as TikTok CEO in April 2021, has largely stayed out of the spotlight at a time when the app he leads can’t seem to avoid it. He eventually went on to become the CFO of Chinese tech giant Xiaomi, which he helped take public in 2018. While Chew is not a Chinese national, Quint noted Chinese tech companies and leaders that have drawn too much attention to themselves have faced tough government crackdowns. Ultimately, Quint said, “I don’t think the CEO of TikTok has much relevance at all” for US lawmakers scrutinizing its ties to China.

☆ Roborock Is Building a Customer-First Brand of Robot Vacuums
▼ + stars: | 2023-01-02 | by ( Sponsor Post | Created Insider Studios With Roborock | ) www.businessinsider.com time to read: +6 min

"I never intended to create a robot of my own," Richard Chang, Roborock founder and CEO, said. Kickstarting an entrepreneurial journeyRoborockToday, Beijing-based Roborock is among the biggest robot vacuum manufacturers in the world. RoborockThe result was the launch in 2016 of the first Roborock robot vacuum cleaner the Mi Home Robot Vacuum Cleaner. Since then, Roborock has produced a steady stream of models that have continued to set the standard in robot vacuum technology, culminating in the Roborock S7 MaxV Ultra, which was featured on Time magazine's Best Inventions of 2022. It also allows users to operate their robot vacuum overnight, in complete darkness.

☆ 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.

☆ Stocks making the biggest moves premarket: Ciena, GameStop, Rent The Runway and others
▼ + stars: | 2022-12-08 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 cents. GameStop (GME) – GameStop reported a wider-than-expected quarterly loss and sales that fell short of predictions. Rent The Runway (RENT) – Rent The Runway surged 16.9% in the premarket after its quarterly revenue came in well above Wall Street forecasts and the fashion rental company issued an upbeat sales forecast. Kinder Morgan shares gained 2.1% in premarket trading. Separately, Express announced a wider-than-expected quarterly loss and lower-than-expected revenue in what its management said was a tougher quarter than it had anticipated.

☆ What’s gone wrong at Beyond Meat
▼ + stars: | 2022-12-07 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +7 min

And fierce competition is squeezing sales, including in frozen, plant-based chicken, a category that is growing while refrigerated plant-based meat sales falter. “We believe that healthy competition within plant-based meat is a good thing as it brings investment in marketing to the category,” said Brown during the November analyst call. It’s true that the plant-based meat pie is smaller these days. Ground plant-based meat fell about 19%, and patties were down 30% in that period. It launched a retooled version, Beyond Chicken Tenders, in stores in 2021, and has built its plant-based chicken portfolio since then.

☆ Crypto advertising is under fire after the FTX implosion, but firms like Binance, Grayscale, and OKX are pouring money into marketing to win back consumer trust
▼ + stars: | 2022-12-06 | by ( Lara O'Reilly | Reed Alexander | Lauren Johnson | ) www.businessinsider.com time to read: +5 min

The bitcoin crash and FTX implosion massively dented the crypto advertising boom. But fewer crypto advertisers can also create an advantage for those still trying to get their messages to consumers. And Dinu added that crypto companies' efforts to advertise to restore trust could persist "well beyond" the next six months. Some crypto companies are still launching splashy campaigns, similar to crypto ad campaigns from the beginning of the year. "Crypto companies have to stop talking about themselves and start talking about how cryptocurrency or blockchain fits into normal people's lives."

☆ Crypto firms like Binance, Grayscale, and OKX are pouring money into marketing to regain trust and save their companies from the fallout of the FTX implosion
▼ + stars: | 2022-12-01 | by ( Lara O'Reilly | Reed Alexander | Lauren Johnson | ) www.businessinsider.com time to read: +5 min

☆ Crypto crash leaves media companies with budget holes as advertising dries up
▼ + stars: | 2022-11-30 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +6 min

In Alphabet 's third-quarter earnings call last month, the company blamed a slowdown in revenue growth in part on reduced ad spending by cypto companies and other financial firms. A 30-second spot during the NFL's grand finale in February cost an average of $6.5 million, and crypto was a huge theme. Crypto.com's online ad spending plummeted from about $16.2 million in the first quarter to $1.6 million in the third, SensorTower said. The crypto market has suffered downturns in the past, only to bounce back and attract even greater sums of cash and new entrants. WATCH: FTX's bankruptcy puts increased pressure on the ad market

☆ 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.

☆ Nike execs have become some of the hottest hires in sportswear, triggering a talent war among rivals like Lululemon, North Face, and Columbia — and raising fears of a brain drain
▼ + stars: | 2022-11-07 | by ( Matthew Kish | ) www.businessinsider.com time to read: +9 min

Nike alums lead numerous brands, including Lululemon, Allbirds, Columbia Sportswear, and The North Face. Tim Sheerin, the senior vice president of global wholesale at Columbia Sportswear, at an investor day event this year. The trend has accelerated in recent years, with competing sportswear companies including Lululemon and Allbirds opening offices in Portland, Oregon. While sportswear companies are a natural fit for former Nike executives, nonathleticwear companies also have hired from Nike's top ranks. Crocs, which named the former Nike vice president Emma Minto the senior vice president of the Americas in 2020, also has been on a hot streak.

☆ Here's how to pick winning stocks that can help your portfolio survive a recession, according to the managers of a $42 billion fund that beat 92% of peers in the past decade
▼ + stars: | 2022-11-05 | by ( James Faris | ) www.businessinsider.com time to read: +6 min

Matt McLennan and Kimball Brooker have guided their fund to a top 8% performance in the past decade. That's in sharp contrast to Matt McLennan and Kimball Brooker, co-managers of the $42 billion First Eagle Global Fund (SGENX). "What you'll find is that the amount of whatever it is that we're collecting never becomes large enough to do too much damage to the portfolio," Brooker told Insider. Those first two points are often prioritized by managers seeking quality stocks, but fewer fund managers target those latter two attributes. Fund managers should carefully consider a stock's long-term outlook instead of simply whether or not it diversifies and lowers the volatility of a portfolio.

☆ Trio to lead energy-drinks giant Red Bull after co-founder's death
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

VIENNA, Nov 4 (Reuters) - Energy-drinks giant Red Bull will be headed by a board consisting of three current members of senior management following the death of co-founder Dietrich Mateschitz, his son Mark said in a statement issued by the company on Friday. He said the board would consist of Franz Watzlawick (CEO Beverage Business), Alexander Kirchmayr (CFO), and Oliver Mintzlaff (CEO Corporate Projects and Investments). He added that he had stepped down from his job at the company to focus on managing the 49% stake in Red Bull he inherited from his father. "I do not believe one should be both an employee and a shareholder of the same company. "Moreover, as managing directors of Distribution & Marketing GmbH, which I now own, and which holds 49% of the company shares of Red Bull GmbH, Walter and Volker will be supporting me personally," he added.

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