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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow China became KFC's most important marketKFC is one of the world's largest fast food chains with more than 29,000 restaurants and a new location opening every three and a half hours. But while much of the brand's early success came from the U.S., today the majority of its growth is in China. The first KFC franchise opened in Salt Lake City in 1952 but the chain didn't get its start in China until 1987. A leg up on the competition and an infusion of Chinese characteristics into the menu were key to its early success in China.

Organizations: KFC Locations: China, U.S, Salt Lake City

☆ How KFC won over China
▼ + stars: | 2024-01-11 | by ( Shawn Baldwin | ) www.cnbc.com time to read: +1 min

KFC is one of the world's largest restaurant chains, with more than 29,000 locations and a new outlet opening every three and a half hours, according to Yum! But while much of the brand's early success came from the U.S., today the majority of its growth is in China. KFC China recently celebrated the opening of its 10,000th store in the city of Hangzhou, about an hour outside of Shanghai. So how did KFC overtake other fast food chains like McDonalds , Starbucks and Taco Bell in China, and can the business continue to grow? CNBC traveled to Hangzhou, China, and got an exclusive interview with the CEO of Yum China, Joey Wat, to find out.

Persons: Joey Wat Organizations: KFC, ! Brands, Starbucks, Taco Bell, CNBC, Yum Locations: U.S, China, KFC China, Hangzhou, Shanghai, Yum China

☆ Abercrombie, American Eagle and Lululemon raise holiday sales outlooks
▼ + stars: | 2024-01-08 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +3 min

Abercrombie & Fitch , Lululemon and American Eagle Outfitters all raised their fiscal fourth-quarter outlooks Monday, saying they drew customers looking for holiday gifts and items for themselves in November and December. Shares of Abercrombie and American Eagle rose about 6% on Monday. Urban Outfitters shares also popped in extended trading after the retailer announced strong holiday-quarter sales weeks before its earnings report. In a news release, Abercrombie CEO Fran Horowitz said the women's business for Abercrombie & Fitch is expected to hit highest-ever fourth-quarter sales. Abercrombie, American Eagle and Lululemon are expected to report full holiday results in March.

Persons: Lululemon, it's, Jay Schottenstein, Abercrombie, Fran Horowitz, Fitch Organizations: Abercrombie, Fitch, Lululemon, American Eagle Outfitters, Street, Urban Outfitters, Adobe Analytics, Mastercard SpendingPulse, American Eagle, Walmart, Target, CNBC PRO Locations: Orlando, U.S, Abercrombie

☆ Lululemon hits back at founder's anti-DEI comments: They 'do not reflect our company views'
▼ + stars: | 2024-01-07 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe athleisure brand Lululemon has distanced itself from its founder and former CEO Chip Wilson's comments about diversity. "Chip Wilson does not speak for Lululemon, and his comments do not reflect our company views or beliefs," a spokesperson said in a statement, per The Business of Fashion. AdvertisementWilson founded Lululemon, which is now headed by Calvin McDonald, in Vancouver in 1998 as a "yoga-inspired" company for women.

Persons: Lululemon, Chip Wilson's, Wilson, Elon Musk, Bill Ackman, —, You've, Chip Wilson, Chip, Jim Bennett, Getty Wilson, Calvin McDonald Organizations: Forbes, Service, Luluemon, Lululemon, Harvard University Locations: Vancouver, American

☆ A celebrity hairstylist's kids became viral sensations when they toured their mega-luxury playhouse — even catching the attention of Paris Hilton
▼ + stars: | 2024-01-05 | by ( Andrew Lloyd | ) www.businessinsider.com time to read: +4 min

Reality TV star Christina Oliva Cinque shared a video of her twins in their two-storey luxury playhouse. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The video then cut to show Anthony, who said he would resume the tour as his sister had a "meltdown." Paris Hilton also made an appearance in the comment section, asking which company had made the playhouse. The second TikTok didn't go anywhere near as viral, receiving 140,000 views and 57 comments which seemed much more positive.

Persons: Christina Oliva Cinque, —, Simona, Brenda Lee, Anthony, they'd, Paris Hilton, Cinque, she's Organizations: Service, Paris, Lilliput, Business Locations: New York City, TikTok, Instagram

☆ Harvard academic says school needs to stop subscribing to 'the extreme left of the political map'
▼ + stars: | 2024-01-04 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +3 min

Harvard astrophysicist Avi Loeb weighed in on discussions over the path forward for the university. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementHarvard astrophysicist Avi Loeb has a few ideas on how Harvard should move forward following Claudine Gay's resignation as president . One of those: Stop subscribing to "the extreme left of the political map."

Persons: Avi Loeb, Claudine Gay, —, Claudine Gay's, Loeb, Loeb — who's, He's, Harvard, Alan Garber Organizations: Service, Harvard, Ivy League, University, D.C, Galileo, US President's, Advisors, Science, Technology, Physics, National Academies, Harvard Corporation, Gay Locations: Washington

☆ 10 industry leaders transforming business in 2023
▼ + stars: | 2023-12-11 | by ( ) www.businessinsider.com time to read: +20 min

In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.

Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, —, She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton

One year ago, natural pet food brand NUTRO™ announced the start of their Greater Ground™ program whose mission is to encourage growers to adopt healthy soil practices. This aims to raise awareness of the importance of healthy soil and to encourage select growers in their network to implement healthy soil practices by providing training, support, and funding. Because growers can face many barriers in adopting healthy soil practices on their farms, the NUTRO™ Greater Ground program also offers Soil Growth grants which provide financial support to selected growers within their network. These grants help with the transition costs needed to implement healthy soil practices. In the fable, one neighbor helps the other transform their farm using healthy soil practices.

Persons: ™, Alanna McDonald, HFI, McDonald, we've, Arlo, Mars Organizations: Food & Agriculture Organization, United Nations, Mars, Soil Growth, Growth, Schiff Farms Inc, Soil, Insider Studios Locations: North America, mutuality, Delaware

☆ Fans are calling out celebrities who attended Balenciaga's runway show one year after the brand's controversial holiday campaign scandal
▼ + stars: | 2023-12-03 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +4 min

The star-studded affair took place one year after Balenciaga's controversial holiday campaign. AdvertisementFans are calling out celebrities who attended Balenciaga's most recent fashion show following the brand's controversial holiday ad campaign last year. AdvertisementThe tension surrounding Balenciaga unfolded in November 2022 after it released a "Gift Collection" holiday campaign on social media. "As a mother of four, I have been shaken by the disturbing images," Kardashian wrote on X in November 2022. "So the fake outrage of Balenciaga sexualizing children is over huh," they wrote.

Persons: Balenciaga, —, Kim Kardashian, Brooklyn Beckham, Nicole Kidman, Teyana Taylor, Victoria Pedretti, Lil Wayne, Cardi, Demna Gvasalia, Blaire White, I've, I’ve, BLAIRE, cancelbalenciaga, Kardashian, — Kim Kardashian, ake Organizations: Service Locations: Los Angeles, Windsor, @PopBase

☆ How Nespresso has made gains in the Keurig-dominated U.S. coffee pod market
▼ + stars: | 2023-12-01 | by ( Ryan Baker | ) www.cnbc.com time to read: +2 min

Nespresso is brewing up competition in the U.S. coffee pod market. Nestlé's Nespresso, meanwhile, has had more success around the world, in a global retail coffee market that the Swiss food and beverage giant says is valued at about $100 billion. Nespresso's rise comes after the Keurig system took the U.S. by storm a decade ago. The company grew its domestic coffee sales by nearly $3 billion in the four-year span between 2009 and 2013. "There's still over 50 million households left in the U.S. coffee market that we look at and say, 'how do we meet the needs of those users?'"

Persons: Keurig, Nestlé's Nespresso, Nespresso, Matthew Barry, Nestlé, It's, Jean, Paul Gaillard, Alfonso Gonzalez Loeschen, Euromonitor's Barry, There's, Patrick Minogue, Dr Pepper Organizations: U.S, Euromonitor, CNBC, JPMorgan, Nespresso's, North America Locations: U.S, United States, North America

☆ 'You barely knew what we were actually selling': Gap CEO Richard Dickson on the brand's heavy discount strategy
▼ + stars: | 2023-12-01 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

New Gap CEO Richard Dickson has spoken about his experience upon joining the struggling company from toy business Mattel in August. "You barely knew what we were actually selling," he said on Wednesday, describing how the firm's four apparel brands had leant heavily on promotions and discounts. Dickson was addressing an audience at Voices, a conference organized by apparel industry website The Business of Fashion, in Oxfordshire, U.K. Displayed behind him on stage was a screenshot of Gap's website where money-off messages were a prominent part, which Dickson said was typical of the company's brands "a few months ago." Dickson took on the CEO role at Gap after an almost 10-year tenure at Mattel, where he was president and chief operating officer.

Persons: Richard Dickson, Dickson, it's, Gap, Barbie Organizations: Mattel, Fashion Locations: Oxfordshire

☆ The cofounder of Allbirds has some advice for startups looking to IPO: make money ahead of going public
▼ + stars: | 2023-11-30 | by ( Melia Russell | ) www.businessinsider.com time to read: +5 min

Allbirds was one of the last startups to go public in 2021's IPO biltz. "You need to be a great company, you need to be profitable," says Allbirds cofounder Tim Brown. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Going public before turning profitable is a thing of the past, according to Allbirds cofounder and chief innovation officer Tim Brown. "You need to be a great company, you need to be profitable," he told Business Insider.

Persons: Allbirds, Tim Brown, —, Klaviyo, Lerer, confidentially, PwC, Spencer Platt, Champagne, Brown, Joanna Glasner, Didi, Rivian Organizations: Service, Time Magazine, Maveron, Tiger Global, Casper Locations: Instacart, Silicon, Americas, Allbirds, Ukraine

☆ Miu Miu made ballet flats and underpants stylish again. No wonder it's the fashion brand of the year.
▼ + stars: | 2023-11-29 | by ( Amanda Krause | ) www.businessinsider.com time to read: +3 min

AdvertisementAfter a year of trendsetting, Miu Miu has been named the top fashion brand of 2023 by Lyst. The underwear, which was shown on the Miu Miu runway with tights underneath, retails for $5,800 per pair. Victor Virgile/Getty ImagesAnd that's not the only underwear-related trend Miu Miu started this year. At the time of writing, searching "Miu Miu undie" on TikTok results in videos with more than 1.5 million views. AdvertisementA satin pair of the famous Miu Miu ballet flats.

Persons: Lyst, Miu Miu, —, Miuccia, Prada, Miuccia Prada, Miu Miu's, Kendall Jenner, Olivia Rodrigo, Amy Sussman, Emma Corrin, Miu, Victor Virgile, Edward Berthelot Organizations: Service, Lyst, Paris, Target Locations: Italian, Paris

☆ Autodesk's CMO explains why advertising on the MSG Sphere in Vegas, which reportedly costs $450,000 a day, was worth every penny
▼ + stars: | 2023-11-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

@brycebetts132 I've watched every video of the Sphere in Vegas and this new ad is by far my favorite. By comparison, running a billboard campaign in New York's Times Square for one to three days costs between $5,000 and $25,000, according to outdoor advertising company Inspiria Outdoor. A representative for the Sphere Entertainment Company said the company doesn't discuss financials. One TikTok video, which has notched up more than 14,000 likes, declared it " the best Sphere ad ." The Sphere debuted its first advertising campaign in September of this year and has featured brands including YouTube, the NBA, Heineken and Xbox.

Persons: @brycebetts132 I've, ♬, Dara Treseder, Treseder, tentacled, Ryan Reynolds, Otto Desć, Carla Herrero, Herrero Organizations: Autodesk, Marvel, Business, ♬ Marvel Studios, Sphere Entertainment, Autodesk University, YouTube, NBA, Heineken, Xbox, University College London, Mercedes, AMG PETRONAS Formula One Locations: Las Vegas, Vegas, New

While you'll also find Monos and Away deals in this roundup, be sure to check out our dedicated Monos Cyber Monday deals and Away Cyber Monday deals posts for more details on those sales. One of the best deals we've seen is 40% off the Samsonite Centric Hardside Expandable suitcase, our top pick from our guide to the best carry-on bags. Best Cyber Monday deals on carry-on luggageWe're specifically highlighting deals from our guide to the best carry-on. Best Cyber Monday deals on checked luggageWe've pulled out deals from our favorite luggage brands in our guide to the best luggage. To learn more about the differences between soft-side, hard-side, and aluminum carry-ons, check out our guide to the best carry-on luggage.

Persons: you'll, That's, Monos, we're Organizations: TSA, packer

Learn moreCyber Monday is live today and it's the final opportunity to take advantage of Quince's week of flash deals. Quince's Cyber Week sale is a little different from other retailers' holiday deals events. Here are today's deals, at a glance:We're particularly excited about the $30 off discount on the brand's silk slip dresses, which our style editor has reviewed and loved (read more in our Quince silk slip dress review). You can read our extended thoughts in our full Quince review, but spoiler alert: We love this brand for high-quality, approachably priced luxury goods made from sustainable materials. Read on for the best Quince Cyber Monday deals of the day, and be sure to check out our roundup of the best Cyber Monday deals from across the internet for more sales.

Right now, you can get some of the lowest prices ever on top-rated items with the best Stanley Cyber Monday deals. One of the best deals is 25% off the Stanley IceFlow Stainless Steel Tumbler with Straw, which is the lowest price we've seen for this model. However, many Amazon Stanley deals beat the brand's website discounts, and other retailers are also offering great savings. For the biggest deals across home, kitchen, and tech, check out our hub where we're covering all the best Cyber Monday deals. The best Stanley deals on Cyber Monday

Persons: Stanley, Amazon Stanley Organizations: Stanley, Amazon

KitchenAid stand mixer Cyber Monday deals are often tough to come by, but right now, retailers are offering great discounts on this beloved appliance. You can read more about these hard-working machines in our guide to the best KitchenAid stand mixers. We'll keep this article up-to-date as we find more stand mixer deals. The best Kitchenaid stand mixer Cyber Monday dealsKitchenaid stand mixer Cyber Monday FAQsWhich KitchenAid stand mixer should I buy? Is it worth buying a KitchenAid stand mixer?

Persons: We've Organizations: Amazon

Learn moreCyber Monday is today, November 27, 2023, and we're tracking all of the best Cyber Monday deals. This year, there are some great Monos Cyber Monday deals, as you can save up to 40% on carry-ons, full-sized luggage, and travel accessories with the discount code CYBERWEEK. The Monos Carry-On Pro is currently discounted by 21% during Cyber Monday, making it our recommended deal to jump on. Best Cyber Monday Monos deals on suitcasesStaff Pick Monos Carry-On Pro $195.00 $295.00 Save 34% If you prefer a smaller size carry-on for shorter trips, but still want the added convenience of the additional front pocket space, the Monos Carry-On Pro is the right bag for you. Monos Carry-On Pro Plus $207.00 $315.00 Save 34% This suitcase is great for longer trips.

Persons: we've, Monos Organizations: Black, Monos

☆ BetMGM's CEO describes his strategy to hold onto its No. 3 spot in US sports betting as Fanatics and ESPN Bet circle
▼ + stars: | 2023-11-27 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

BetMGM CEO Adam Greenblatt knows Fanatics and ESPN Bet are looking to eat his lunch. However, it has lost some ground, hovering around 15% market share in the third quarter compared to about 20% a year earlier. And a new crop of competitors including Fanatics and Penn Entertainment's ESPN Bet are vying for its position. "Everyone's kind of fighting for that third and fourth spot," Macquarie gambling analyst Chad Beynon told Business Insider in September. Online casino gaming, also known as igaming, is legal in only a handful of US states and has expanded slower than legal sports betting.

Persons: Adam Greenblatt, BetMGM, Penn, Macquarie, Chad Beynon, Greenblatt, We've, we're, Entain, we've, we'll, " Greenblatt, it's Organizations: ESPN Bet, Krejcik, MGM Resorts, Business, BI, MGM, Detroit Lions Locations: North America, Borgata's, Atlantic City, Michigan

If you're unsure where to start, we've highlighted some of the best Away luggage deals on our favorite products below. Away is just one part of the best Cyber Monday luggage deals we're seeing. Away Cyber Monday FAQsDoes Away make the best luggage? We've tested dozens of suitcase brands for our guide to the best luggage, and Away remains a strong editor pick. Away's Carry-On and Bigger Carry-On bags used to have the option to add on an ejectable battery for charging items on the go.

Persons: they've, We're Organizations: Away's, TSA

It's topped tons of our lists like the best places to sop for women's workwear, the best places to buy sweaters, and lots more. We love it for it's balance between high quality and fair pricing, but today it's even more affordable than usual. On Cyber Monday, you can find some of their most poplar styles on sale. We've tested everything from blazers, to swimsuits, to leggings and can confirm that they're worth the regular price, let alone their reduced price. You can check out their full sale section here or read on to see the best Everlane Cyber Monday deals we could find.

Persons: it's, workwear, Men's

The Allbirds Cyber Monday sale is live: now through November 26, you can save up to 70% on shoes, clothing, and accessories for men, women, and kids. Right now, you can get the Allbirds Tree Dasher 2 for 56% off. Typically, Allbirds fit true to size, but you can check out our Allbirds review to get details on every pair we've tested. For more style discounts, check out out the best Cyber Monday Ugg deals and the Spanx Cyber Monday sale. The best Cyber Monday Allbirds dealsWool RunnerThe Wool Runner is the design that started it all for Allbirds.

Persons: SweetFoam, Wool, Allbirds Organizations: Piper Locations: Allbirds

Typically, Allbirds fit true to size, but you can check out our Allbirds review to get details on every pair we've tested. The best Black Friday Allbirds dealsWool RunnerThe Wool Runner is the design that started it all for Allbirds. Tree Dasher 2As the second iteration of Allbirds' performance running sneaker, the Tree Dasher 2 is lighter and more responsive than the original. Tree FlyerThe Tree Flyer is Allbirds' first performance running sneaker created for long-distance running and the brand's most technical design ever. They're available in low-top as Wool Runner Mizzles, and mids as Wool Runner-Up Mizzles, and running shoes as Wool Dasher Mizzles.

Persons: SweetFoam, sneaker, Wool, Allbirds, Will Allbirds Organizations: Piper Locations: Allbirds

We tested dozens of suitcase brands for our guide to the best luggage and Monos is a top editor pick. If you're unsure where to start, we've pulled out some of the best deals available on some of our favorite Monos luggage products below. Shop all Black Friday deals from MonosBest Black Friday deals on Monos suitcasesBest Black Friday deals on Monos bags and accessoriesMonos Metro Duffel $179.00 $210.00 Save 15% This duffel’s roomy interior is designed to keep all your essentials organized, with a sleeve that fits a laptop and inner side pockets that provide easy access to your essentials. Monos Black Friday Deals FAQWhat is the most popular Monos suitcase? We've also rounded up the best Black Friday Away deals if you're interested in comparison shopping.

Persons: we've, Monos, We've Organizations: Monos, Metro, Plus

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