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☆ Gen Z-ers are using their own metaverse avatars as inspiration for their real-life clothing choices, as the digital fashion space grows in popularity
▼ + stars: | 2022-11-02 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

But on the gaming platform Roblox, users can adorn their digital avatar with a Lola handbag for just under $10. Three out of 4 were willing to spend money on digital fashion, with one in 4 admitting to spending between $20 to $100 on a single item. She believes that number is going to continue increasing as the digital fashion space evolves. RobloxBy 2030, the digital fashion space is poised to be worth $50 billion, according to projections by Morgan Stanley. There are more than 100 brands that have created handbags, shoes, and other clothing items for Roblox, according to Wootton.

☆ 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.

☆ 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 Y Combinator-backed startup wants to transform how hotels manage guests. Check out the 21-slide pitch deck Canary Technologies used to raise $30 million.
▼ + stars: | 2022-10-27 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

Canary Technologies has raised $30 million to overhaul the way hotels manage guests digitally. The startup's platform is used by global brands such as Radisson Hotels and Best Western. Check out the 21-slide pitch deck it used to raise the Series B round below. The startup's tech is used by brands such as Radisson Hotels, Best Western, and Four Seasons. Check out the 21-slide pitch deck it used to raise the funds below:

☆ Puma confirms operating profit, sales outlook after Q3 results
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 26 (Reuters) - German sportswear maker Puma (PUMG.DE) reiterated its full-year operating result and currency-adjusted sales outlook on Wednesday, despite uncertainty on the global market, after what it said was its best third quarter in the company's history. The company said its earnings before interest and taxes (EBIT) rose by 12.6% on the year to 258 million euros ($257 million) while third-quarter sales rose a currency-adjusted 16.9% to 2.35 billion euros ($2.34 billion). Despite continued effects of COVID-19-related lockdown measures in China, Puma saw sales growth in the Asia/Pacific region for the first time this year in the third quarter, it said. "We expect continued volatility in the market during the fourth quarter but are confident that we can deliver according to our full-year outlook," he added. The company expects currency-adjusted sales growth of around 15% and an EBIT between 600 and 700 million euros for 2022.

An advertisement promoting Alibaba's Singles' Day shopping festival is pictured, following the coronavirus disease (COVID-19) outbreak in Shanghai, China, October 22, 2022. Sweaty Betty China Vice President Lexie Morris told Reuters the active-wear brand would use only "one or two" livestream hosts this Singles Day season and that it was starting to work with much smaller and more sports-focused livestreamers. Analysts expect to see another year of slowing sales overall this Singles Day, dampened by a slowing economy and China's zero-COVID-19 policy. In June, Alibaba rival JD.com Inc (9618.HK) also recorded its slowest-ever sales growth for 618, China's second-largest shopping festival after Singles Day. "Instead of a traffic-driven model, Taobao Live helps merchants grow their businesses sustainably," it said.

☆ In the college sports pay era, female athletes are emerging as big winners
▼ + stars: | 2022-10-15 | by ( Kaitlin Balasaygun | ) www.cnbc.com time to read: +9 min

At a time of increased scrutiny about the pay gap between male and female athletes, the Nike deals show that female collegiate and amateur athletes are emerging as winners in the early days of the NIL era. "I think most people knew that women athletes in particular were going to see great opportunities," Rishe said. "That's why it's exciting to see, but not surprising to see a lot of female college athletes solidify various and sometimes lucrative NIL deals." Women's social media presence influences dealsClark ranks as the tenth most profitable college women's basketball player and Jones comes in twelfth, according to On3's "College Women's Basketball NIL Rankings." Female athletes already are doing their part in spreading the message about the future of women in sports and as public figures.

☆ These 12 behind-the-scenes execs are innovating TikTok's surging ad business, which will soon be worth more than Snap's and Twitter's combined
▼ + stars: | 2022-10-13 | by ( Lindsay Rittenhouse | ) www.businessinsider.com time to read: +11 min

TikTok's ad revenue is expected to triple to $11.64 billion this year, and it's building out products aggressively to hit its goal. In fact, if TikTok's ad revenues triple to $11.64 billion this year from 2021, as Insider Intelligence predicts, it will surpass the combined ad revenues of Twitter and Snapchat combined. Gabriela Comazzetto, head of LATAM global business solutionsComazzetto, another Facebook poach, has been overseeing TikTok's ad business in one of its fastest growing regions for just over a year. Shant Oknayan, general manager of METAP global business solutionsOknayan manages the TikTok for Business platform for the METAP region. Sameer Singh, general manager of APAC global business solutionsSingh oversees the TikTok for Business platform across APAC.

☆ Nike is a buy that's poised for a comeback beyond 2022, Raymond James says
▼ + stars: | 2022-10-13 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Nike is poised for a comeback after a lousy 2022, according to Raymond James. We also believe this is consensus view and while it's impossible to call the trough in stocks, we believe investors should take a longer-term view," Patel wrote in a Wednesday note. Still, Nike can come out of the other side of this period as a stronger company, according to the analyst. "Our top picks in athletic brands have meaningfully asymmetric risk/returns that favor upside over the long-term, as these are high-quality companies that can navigate a difficult near-term without diminishing the potential to drive stronger growth beyond 2022," Patel wrote. The analyst's $99 price target on Nike is nearly 12% above where the stock closed Wednesday at $88.51.

☆ India's Reliance launches first in-house premium fashion store
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Sept 29 (Reuters) - Reliance Industries Ltd's (RELI.NS) retail unit launched its first in-house premium fashion and lifestyle store on Thursday, as the billionaire Mukesh Ambani-led company continues to grab a bigger slice of India's luxury market. "The mid-premium fashion segment is one of the fastest growing consumer segments as millennials and the Gen Z are increasingly demanding the latest of international and contemporary Indian fashion," said Akhilesh Prasad, chief executive officer of the fashion and lifestyle arm of Reliance Retail. Register now for FREE unlimited access to Reuters.com RegisterThe company plans to have up to 40 stores across 12 cities over the next nine months, he added. In three years, Azorte will contribute to 15% incremental revenue of Reliance Retail's fashion and lifestyle business, Prasad said at the store launch in Bengaluru. The new store chain is a part of Reliance Industries' aggressive strides in the retail industry, forging partnerships with domestic and global brands.

☆ Unilever Goes Back to the Drawing Board With Accessible Deodorant Design
▼ + stars: | 2022-09-28 | by ( Katie Deighton | ) www.wsj.com time to read: +7 min

It has been more than 17 months since Unilever PLC-owned deodorant brand Degree said it had created a concept for what it called the “world’s first inclusive” deodorant for people with disabilities. The original design for Degree Inclusive featured a hook for hanging and magnetic closures. An ad for Unilever’s Degree Inclusive deodorant. Unilever introduced Degree Inclusive in April 2021 as a “concept deodorant” designed to make application easier for people with limited mobility. “Inclusive design and industrial design are both quite complex in and of themselves, and when you weave those together…it’s something that doesn’t happen at the snap of the finger,” he said.

☆ New York’s lawsuit against Trump is different from his other legal troubles: It’s personal
▼ + stars: | 2022-09-21 | by ( Peter Nicholas | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan-Allen-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +5 min

WASHINGTON — Former President Donald Trump is no stranger to legal scrutiny, but there's something different about the $250 million civil lawsuit New York Attorney General Letitia James filed against him Wednesday: This time, it's as personal for him as it is political. It’s a personal blow for him that this even happened.”Upping the stakes, James named Ivanka Trump, Donald Trump Jr. and Eric Trump as co-defendants in accusing the former president's companies of manipulating business records to secure favorable loans, fool insurers and win tax benefits. "As executive vice presidents, the three children were intimately involved in the operation of the Trump Organization's business," James' lawsuit alleges. Allies say that, if anything, James' lawsuit will rally Republicans around him. Donald Trump Jr. and Eric Trump took to Twitter, accusing James of using their family to advance her own political interests and those of the Democratic Party.

☆ The future of fashion is in everyone's hands
▼ + stars: | 2022-09-20 | by ( Sponsor Post | Created Insider Studios With Electrolux | ) www.businessinsider.com time to read: +9 min

And while many global economies and industries are still in recovery, it could be said that fashion — and sustainable fashion — is not only recovering but in the midst of a revolution. Power to the consumer: Environmental solutions within reachElectroluxWhat if the future of sustainable fashion is already within reach – literally? Butani said that small changes to our behaviours and "breaking the pattern" of legacy habits holds the key to making more sustainable fashion choices. Which is why Electrolux's partnership with Rave Review, an upcycling fashion house, is so relevant. If you would like to discover more about sustainable fashion practices and how Electrolux is shaping the future of garment care, please visit our website

☆ French luxury goods company LVMH invests in designers of color. Black creatives are cautiously optimistic about the impact.
▼ + stars: | 2022-09-10 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +7 min

A Harlem's Fashion Row event showcased creatives and designers of color. The Harlem's Fashion Row show is one of recent steps by LVMH to become more diverse and inclusive. Black creatives and fashionistas of color are cautiously optimistic, saying LVMH could set a new standard for an industry that's long had a problem with diversity. Harlem's Fashion Row CEO Brandice Daniel said the partnership with LVMH felt intentional and serious in nature. I think it's incredible that HFR and Black designers in general are getting this kind of support," Daniel, who is Black, said, referring to Harlem's Fashion Row.

☆ How bosses can keep staff happy, according to a CEO with 99% Glassdoor approval
▼ + stars: | 2022-09-09 | by ( Charlie Metcalfe | ) www.businessinsider.com time to read: +5 min

Tom Bureau has been the CEO of the publisher Immediate Media for more than 10 years. He shares his five tips for hiring and retaining happy, motivated staff. Tom Bureau, who's been Immediate's CEO since the company was formed in November 2011, has a 99% approval rating based on 115 voluntary, anonymous employee reviews on the site. Bureau shared with his Insider his top five tips for keeping staff happy. He continued: "If you are going to work, it better work for you, and it better be fun.

☆ Meet 16 top reverse-logistics leaders tackling retail's $761 billion e-commerce returns problem
▼ + stars: | 2022-07-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +19 min

Becca Meinz, the vice president of end-to-end supply chain at Best BuyBecca Meinz is the vice president of the end-to-end supply chain for Best Buy. Steve Lewis, the senior vice president of commercial strategy at GXOSteve Lewis is the senior vice president for commercial strategy at GXO. Kraig Foreman, the president of e-commerce at DHL Supply Chain North AmericaKraig Foreman is the president of e-commerce at DHL Supply Chain North America. Eduardo Vilar, the senior vice president of merchant solutions at AffirmEduardo Vilar is the senior vice president of merchant solutions at Affirm. Glen Sutton, the executive vice president at Ceva LogisticsGlen Sutton is an the executive vice president at Ceva Logistics.

☆ TikTok just launched a major offensive to grab advertiser dollars — and these are the top 12 execs who are making the app a major competitor to YouTube and Meta
▼ + stars: | 2022-04-15 | by ( Lindsay Rittenhouse | ) www.businessinsider.com time to read: +11 min

TikTok's ad revenue is expected to triple to $11.64 billion this year, and it's been hiring aggressively to meet that goal. Chandlee spent 12 years at Facebook, where he managed global agency partnerships and client relationships, before joining TikTok in 2019. Monga came from Snap, where she led global agency partnerships and was involved in key presentations and pitches. Shant Oknayan, general manager of METAP global business solutionsOknayan manages the TikTok for Business platform for the METAP region. Sameer Singh, general manager of APAC global business solutionsSingh oversees the TikTok for Business platform across APAC.

☆ The many faces of Scooter Braun
▼ + stars: | 2022-03-01 | by ( Anna Silman | ) www.businessinsider.com time to read: +44 min

The former Yeezy associate said that West had offered Braun large percentages of Yeezy several times, which Braun always declined.) Singer told Insider that Braun "did not even see the final cut until the day before it came out." In 2012, Braun told The New Yorker that Geffen's advice to him was "Get out of the music business." Singer told Insider that Braun had only seen Jayne "once in his life, at a political event they both attended. And I couldn't fix it and I'm a fixer, and because I couldn't fix things I started to spiral," Braun told Shetty.

Persons: Scooter Braun, Kanye, West, Braun, Yeezy, Justin Bieber, Ariana Grande, Marty Singer, Ben Rose, Taylor Swift, he's, I've, Braun you've, It's, Long, J Balvin, Psy, née Scott —, Ludacris, Eminem, Britney Spears, Matt Graham, Jason Salvador, He's, Bieber, Micah Smith, riffed, Harvey Levin, Perez Hilton, Lil Twist, Bieber's, Justin, Singer, Salvador, Selena Gomez, Gomez, Kevin Mazur, Swift, Selena, Scooter, Taylor, " Braun, kid's, Madison Beer, Etta James, Beer, Beer texted Braun, Todrick, Hall, Braun wasn't, Joseph Gordon, Levitt, hadn't, Pete Davidson, Grande, Davidson, Kris Jenner, —, didn't, J, Demi Lovato, Lovato, Critics, Rich Fury, Yael Cohen, Braun's, Marcus Aurelius, Maya Angelou, David Geffen, Jeff Bezos, playbook, Odysseus, Hillary Clinton, Kamala Harris, Matthew McNulty, Stephanie Simon, Jennifer Merlino, Simon, Brandon Creed, Bruno Mars, Troy Carter, Lady Gaga, Carter, Creed, George Floyd, Noam Galai, Moe Shalizi, missives, Scooter Braun playbook, Swift's, Taylor Swift's, Shamrock, Hybe, Justin Shin, Peter Comisar, Comisar, Laroi, Erika Jayne, Jayne, Yael Cohen Braun, Michael Kovac, Jay Shetty, Scooter Braun's, Shetty, Hoffman, I'd, I'm, Natalie Jarvey Organizations: Kanye, Ithaca Holdings, trailblazer, Spotify, South, YouTube, Emory University, segueing, eBay, DreamWorks, SB, TED, Hollywood's Fonda Theatre, Los Angeles Times, New Yorker, TMZ, Wall Street, Billboard, US Immigration, Customs, NME, Twitter, Todrick Hall, MTV, Amazon's, Ithaca Holdings —, Ventures, Atlas, CBS, Manchester, Grande, Nickelodeon, Untitled Entertainment, Untitled, British GQ, Hollywood, New York, Financial Times, behemoth, PricewaterhouseCoopers, Carlyle Group, litigating, Housewives, Beverly Hills, Gentleman's Locations: China, Yeezy, West, South Korean, Atlanta, hoodies, Hollywood's, Greenwich , Connecticut, Colombia, Yorker, Ithaca, California, Grande, Braun, British, Hybe, Korea, Korean

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