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☆ In federal trial, Michael Kors says it's harder to sell handbags in TikTok and Taylor Swift era
▼ + stars: | 2024-09-16 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Designer Michael Kors poses backstage before the Michael Kors Collection Fall 2017 runway show at Spring Studios in New York City on Feb. 15, 2017. The deal, if approved, would put six fashion brands under a single company: Tapestry's Coach, Kate Spade and Stuart Weitzman, with Capri's Versace, Jimmy Choo and Michael Kors. Shares of Capri, which includes Michael Kors, reflect the tougher stretch that the designer Kors described. Gennette, who retired early this year, said the department store's sales got hit because it leaned too heavily on Michael Kors' brand. He said the markdown of Michael Kors' handbags contributed to "a bad spiral Macy's was living through when I was there."

Persons: Michael Kors, Taylor Swift, Kors, Kate Spade, Stuart Weitzman, Capri's Versace, Jimmy Choo, we've, Jeff Gennette Organizations: Spring Studios, Federal Trade Commission, FTC, Tapestry Locations: New York City, Manhattan, Capri

☆ The state of women's sports: Top executives weigh in on parity, media share and NIL regulations
▼ + stars: | 2024-03-17 | by ( Jessica Golden | ) www.cnbc.com time to read: +12 min

From Caitlin Clark fever in Iowa to a packed house of 92,000 fans for women's volleyball in Nebraska, women's sports have never been more at the forefront. Last year saw record media deals for women's sports as the NCAA and NWSL both inked groundbreaking agreements. David Dow | Getty ImagesCathy Engelbert, commissioner of the Women's National Basketball Association: One of the obstacles is the undervaluation of our assets. Jayna Hefford, senior vice president of operations for the Professional Women's Hockey League: Women's sports still struggle to secure prime broadcast windows, consistent airtime and traditional media coverage. Steven Ferdman | Getty ImagesAmy Howe, FanDuel CEO: Women's sports need to continue to position their star athletes (i.e.

Persons: Caitlin Clark, Matthew Holst, there's, Renie Anderson, Jessica Berman, Jesse Grant, CNBC Jessica Berman, Cathy Engelbert, Breanna Stewart, David Dow, Jessica Gelman, John Lamparski, KAGR, Caitlin Clark's, Jayna Hefford, Haley Rosen, Mollie Marcoux Samaan, Michael Reaves, LPGA we've, Katrina Adams, Louis Armstrong, USTA Billie Jean King, Steven Ryan, Sabrina Ionescu, Coco Gauff, —, Berman, Pamela Duckworth, Engelbert, Magic Johnson, Larry Bird, Michael Jordan, Amy Howe, Steven Ferdman, FanDuel, Ionescu, A'ja Wilson, Rosen, Adams, they've, Renie, Anderson, I'm, influencers, Duckworth, Angel Reese, Billie Jean King, Jayna, Mark Blinch Organizations: Iowa Hawkeyes, NCAA, Michigan Wolverines, Carver, Getty, women's, Deloitte, CNBC, NFL, National Women's Soccer League, National Women's Soccer, WNBA, New York Liberty, Kia, Connecticut Sun, National Basketball Association, Business, New York Marriott Marquis Hotel, MIT Sloan Sports Analytics, MIT Sloan Sports Analytics Conference, Sports, Professional Women's Hockey, Association, Tiburon Golf Club, Professional, LPGA, USTA, Louis, USTA Billie, USTA Billie Jean King National Tennis Center, United States Tennis Association, Women's Tennis, Fubo Studios, FuboTV, NBA, Nike, Wall, Spring Studios, Renie Anderson NFL, Toronto, New York, Mattamy Athletic Centre Locations: Iowa City , Iowa, Iowa, Nebraska, Brooklyn , New York, New, New York City, Naples , Florida, NY, Toronto , Ontario, Canada

☆ The Juggernaut promised to revolutionize South Asian news. But insiders say the company's founder misled investors, struggled to raise money, and left workers 'heartbroken.'
▼ + stars: | 2024-03-05 | by ( Katie Warren | ) www.businessinsider.com time to read: +33 min

They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."

Persons: —, Richa Moorjani, Manish Chandra, Anish Melwani, Sadiq Khan, Amitav Ghosh, Roy Rochlin, Jay Bhattacharya, didn't, Sur, Padma Lakshmi, Moorjani, Mira Nair, Oprah Winfrey, she'd, who've, Josh Benson, Bhattacharya, might've, you've, Dev Patel, Priyanka Chopra, Black millennials, Bhattacharya's, Adam Hansmann, Kevin Lin, Albert Ni, Charles Hudson, Steve Jennings, Sur's, Kyle Stanford, Axios, Stanford, Snigdha, Winfrey, MICHAEL TRAN, hadn't, wouldn't, Fariha Róisín, Meghna Rao, Róisín, Rao, Rao didn't, they'd, she's, it's, Hudson, who'd, Reetu Gupta, Aditi Shah, Sean Gupta, Steven Simione, would've, we're, Brian Morrissey, Morrissey, cofounders, Narendra Modi's, Sneha Mehta Organizations: Spring Studios, Netflix, Business, New Yorker, Harvard Business School, Guardian, American, Old Town Media, Athletic, BI, Indian, Yale, McKinsey, Precursor Ventures, Forbes, Getty, TechCrunch, YouTube's Sustainability, YouTube, Paramount Pictures Studios, Immigration Services, Stanford, Digiday, Gannett Locations: York City, chai, Jean's, hasn't, Sur, New York City, South, Asian, India, Madhya Pradesh, Queens, Sur texted, Indian American, AFP, Róisín, Los Angeles , California, South Asia, Silicon

☆ Wells Fargo says regulator has lifted a key penalty tied to its 2016 fake accounts scandal
▼ + stars: | 2024-02-15 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

NEW YORK, NEW YORK - MAY 17: President and CEO of Wells Fargo Charlie Scharf attends The Future of Everything presented by the Wall Street Journal at Spring Studios on May 17, 2022 in New York City. (Photo by Steven Ferdman/Getty Images)Wells Fargo said Thursday one of its primary regulators has lifted a key penalty tied to its 2016 fake accounts scandal. Wells Fargo, one of the country's largest retail banks, has retired six consent orders since 2019, the year that CEO Charlie Scharf took over. The 2016 fake accounts scandal and related consent order ignited a wave of scrutiny on the bank that revealed problems related to the servicing of mortgages, auto loans and other consumer accounts. The attention tarnished the bank's reputation and forced the retirement of both ex-CEO John Stumpf in 2016 and successor Tim Sloan in 2019.

Persons: Wells, Charlie Scharf, Steven Ferdman, Wells Fargo, Scharf, John Stumpf, Tim Sloan, —, Leslie Picker Organizations: NEW, Wall, Spring Studios, Currency, Federal Reserve Locations: New York City, Wells Fargo

☆ Michael Kors and Naomi Watts on Fashion and Women’s Health
▼ + stars: | 2023-05-03 | by ( Cody Delistraty | ) www.wsj.com time to read: 1 min

“In an industry that is so focused on women, we are not seeing enough women rise in managerial [roles],” said fashion designer Michael Kors to Kristina O’Neill (left) onstage. Photo: Dimitrios Kambouris/Getty Images for The Wall Street JournalOn Tuesday night, as the sun set over the Hudson River at Spring Studios in downtown Manhattan, the designer and philanthropist Michael Kors and actor and entrepreneur Naomi Watts weighed in on what the future might hold for their industries. The “after hours” edition of The Wall Street Journal’s Future of Everything Festival, hosted in collaboration with WSJ. Magazine, opened with cocktails followed by performances of Stevie Wonder’s “Sir Duke” and Bob Dylan’s “The Times They Are A-Changin’,” sung by students from the Frank Sinatra School of the Arts High School in Queens, New York.

☆ I spent 8 years at my dream job on Nike's design desk. Here's why I left and what I'm leaving behind as I grow my own business.
▼ + stars: | 2022-12-13 | by ( Matthew Kish | ) www.businessinsider.com time to read: +9 min

Kristen Shenk worked as a senior designer at Nike before leaving the company in 2016. I worked in Nike Basketball for a couple of years on LeBron James' and Kobe Bryant's brands. One of the last big projects I worked on was a big innovation summit in New York in 2016. My first creative director, the one who stopped me by the printer, had done this TED Talk about leaving your dream job. But I've learned to take lessons I learned at Nike forward about creating some separation between myself and my work.

The remarks go against expectations in the gaming industry that FanDuel will cede some of its dominance as new players work to grab a bigger share of the sports betting market. Rubin predicts sports betting and Fanatics' other business segments "could be $8 billion, even in the next decade, in profits." And FanDuel boasts a 42% market share, based on published reports by state gaming regulators. Of the 59 sports betting operators in the U.S. in October, only three had double-digit market share. "Almost 90% of the operators have a sub-2% share of the market," Howe said.

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