Posted by Dale Buss on October 14, 2014 08:35 AM
Mulberry issues profit warning as Burberry sees markets getting tougher as first-half revenues increase, breaking one billion pounds in sales.
Google expands same-day delivery service to Boston, Chicago and Washington, D.C., intensifying battle with Amazon.
Heineken scores four-year, $40 million US soccer deal.
Jimmy Choo is valued at up to $1 billion ahead of IPO.
Fidelity names Abby Johnson CEO, succeeding her father.Continue reading...
Posted by Sheila Shayon on September 30, 2014 11:01 AM
Call it a "Conscious Uncoupling." Or more accurately, an "Icahn-scious Uncoupling." After months of lobbying by activist investor Carl Icahn, PayPal is splitting from parent eBay and will become a separate, publicly traded company next year.
In its announcement today, eBay said the board made the decision as the best path for growth and shareholder value creation for each business going forward—and already, eBay shares jumped more than 11 percent in pre-market trading.
In tandem with the news, Dan Schulman was named the new president of PayPal, joining the company from president of the enterprise growth group at American Express and previous roles at AT&T, Priceline and Virgin Mobile. eBay veteran Devin Wenig becomes CEO of the new eBay, replacing current president and CEO John Donahoe.
While the companies already operate fairly independently, the move will free each entity to grow and thrive—assuming all goes to plan—even though eBay stands to lose half its revenue as a result of the separation.Continue reading...
Posted by Dale Buss on September 29, 2014 09:03 AM
Starbucks launches first global brand campaign with “Meet Me at Starbucks” interactive YouTube short film.
Japan’s SoftBank reportedly in talks (since cooled?) to buy the DreamWorks animation studio.
Facebook bid for WhatsApp clears EU hurdle.
Yahoo, AOL pressured to cut a deal and join forces.
Instagram reportedly blocked as China/Hong Kong protests impact businesses and cancel holiday fireworks.
MORE BRAND NEWS
Advertising Week kicks off in New York.
Air France ends strike, vows to speed up Transvania low-cost airline.
Alibaba pays $459M for stake in Chinese hotel tech firm.
Amazon seeks to avert holiday snafus and faces opposition by literary lions over e-book prices.
American Apparel names temporary CEO.
Apple sees smuggled iPhone 6 phones go begging in China as EU presses company on ill-gotten tax benefits in Ireland, Apple Watch goes on display (for one day only) at Colette during Paris Fashion Week, and Apple and Pearson lose $1B common core schools contract in Los Angeles.Continue reading...
Posted by Sheila Shayon on September 25, 2014 12:02 PM
Amazon's Silicon Valley research and development arm has been called "secretive" by Reuters and Bloomberg Businessweek. Others have called it "hush-hush" and "mysterious."
While it may keep its projects close to the vest, as any corporate R&D unit worth its salt is entitled to, Lab126 is by no means secret. After all, it's on Facebook, Twitter, LinkedIn and has its own website.
In addition to developing the Amazon Fire phone and a host of other products, from the Kindle family of products to Amazon Fire TV to the Dash at-home ordering scanner, it's reportedly eyeing wearable devices and products for the connected home.
It's also, as Reuters reports, on a hiring spree to staff up its high-tech skunkworks by at least 27 percent over the next five years, in a drive by Amazon CEO Jeff Bezos to create Internet-of-things inspired home gadgets with a one-button device to order supplies.Continue reading...
Posted by Abe Sauer on September 23, 2014 12:36 PM
Is "Made in China" really more desirable than "Made in France"?
That, at least for many younger Americans, is the suggestion of a new study of US Millennials from the Monogram Group, a Chicago branding agency. "The major takeaway from this report is that the popularity of Chinese products (among US consumers) exceeds those from other major markets, and the willingness to buy is even stronger if the brand is recognized," said the agency's president in a press release.
That takeaway may sound fishy to you—and it should. But the study does say something about the complex way American consumers think about "Chinese brands."Continue reading...
Posted by Dale Buss on September 22, 2014 09:14 AM
Apple sets new record with 10 million iPhone 6 sales its first weekend, dispatching Tim Cook to Palo Alto and Angela Ahrendts to Sydney to meet fans, while pre-scheduled Joan Rivers endorsement backfires on social media. The music industry, meanwhile, is watching Apple's Beats acquisition closely amid rumors it may fold the service.
Alibaba's next step, following world's largest IPO: helping US small businesses.
Jaguar taps Stella McCartney for XE launch at Paris auto show, where MINI will show new five-door hatchback among other auto brand reveals.
Coca-Cola, McDonald's, Nestle, PepsiCo and other food and CGP giants sign landmark agreement on children's marketing rules.
NFL changes player-conduct policy and names a female CMO in PepsiCo veteran Dawn Hudson, as P&G cancels breast-cancer awareness tie-in with league and '47 brand stands by league.
MORE BRAND NEWS
Air France pilots vote to extend strike.
Applebee's sees social lift from "food porn."
AT&T and other brand publishers find their relationship with Facebook "complicated."
BlackBerry makeover starts to take shape and show results.
Chipotle's "brilliant" hiring process featured on LinkedIn.
Citi sees New York audit of troubled Citi Bike program.Continue reading...
Posted by Dale Buss on September 19, 2014 09:44 AM
Alibaba goes public in record-breaking IPO at $92.70/share, overtaking Amazon as most valued online retailer as Yahoo sees a windfall.
Apple’s bigger iPhone 6 series attracts worldwide long lines (and McDonald's) and black market sales in China as iOS 8 update frustrates users and Apple TV updates UI. A Reuters/Ipsos poll, meanwhile, finds that Android edges out Apple for "cool" factr.
Home Depot says data breach outstrips Target's after it received security warnings for months.
Oracle see Larry Ellison move from CEO to chairman and CTO as JetBlue and Clorox also confirm CEO exits.
UK government and businesses rejoice as Scotland votes to stay in the UK.
MORE BRAND NEWS
Bill Blass brand prepares for a comeback under new leadership.
BlackBerry reveals $2,127 Porsche-designed smartphone.
Cadillac plans to build unnamed "top end" car at Detroit plant.
Coca-Cola Life London pop-up opens with Rosie Huntington-Whiteley.
Cracker Barrel cooks up growth.
Crumbs Bake Shop pushes ahead with relaunch.Continue reading...
Posted by Dale Buss on September 18, 2014 09:32 AM
As another NFL player is suspended following domestic violence arrest, Nike and the Minnesota Vikings reverse course and suspend Adrian Peterson. Other sponsors monitor the situation as PepsiCo CEO Indra Nooyi signals her support for embattled NFL Commissioner Roger Goodell, while Radisson's move to drop Vikings sponsorship turned out to be a smart move. Meanwhile, female fans grow wary of league and CBS CEO Moonves hails football on TV.
Toshiba cuts 900 jobs in PC restructuring while Warner Bros. is expected to cut up to 1,000 jobs.
Target selects brand partners for "made to matter" sustainable push with Walmart.
Yelp and TinyCo settle FTC lawsuit for improperly collecting data on kids.
Scotland goes to the polls in historic vote on independence while Scotch whisky-makers fret, among other nervous industries.
MORE BRAND NEWS
Alibaba sets to price shares amid investor frenzy over looming IPO.
Amazon expands Kindle lineup and boosts price of basic e-reader.
Apple reportedly plans to reveal two new iPads (despite i-fatigue) and new Mac OS, amidst increasing focus on security.
Audi claims first California self-driving permit.Continue reading...