Posted by Mark J. Miller on November 13, 2014 02:36 PM
Clorox has been manufacturing and selling its products in Venezuela since 1990, when it introduced Pine-Sol to the nation. But now, just before its 25th anniversary, things have gone so sour that the cleanser company abruptly pulled out of the market—and is now protesting the government's decision to restart its operations.
In late September, the Clorox Company shut down its Venezuelan business by closing its plants and firing workers after “it could not get access to foreign exchange to pay for supplies and could not raise the price of its products because of Venezuela government restrictions,” according to the Latin American Herald Tribune.
"This is a very difficult situation for our company," Clorox Chairman and CEO Don Knauss stated in a press release. The Venezuelan government did not take kindly to the move, however, and voted to take over the business and restart operations. Both sides are now gearing up for a legal battle.Continue reading...
Posted by Dale Buss on October 17, 2014 09:12 AM
Diageo's Haig Club single-grain whisky debuts Guy Ritchie-directed spot starring brand co-owner David Beckham.
Apple iPad reveal fails to wow as 3D-like logo rumored.
Google sees ad prices continue decline.
Jimmy Choo makes lackluster debut in first day of public trading.
Twitter lets users stream music and audio via SoundCloud integration.Continue reading...
Posted by Dale Buss on October 16, 2014 09:09 AM
Apple accidentally leaks new iPads on iTunes ahead of today's reveal.
CBS mulls confirms offering online version of Showtime in response to HBO's standalone video announcement.
Clorox leads Ebola-related surge in sales of hand disinfectants.
Walmart warns about rough patch for sales and profits but makes progress with smaller stores and e-commerce.
Wendy's grows presence on Facebook as McDonald's pushes to become biggest brand on Facebook with 14,500 pages.Continue reading...
Posted by Dale Buss on September 26, 2014 09:01 AM
Apple rebuts reports of bending iPhones as it copes with "Bendgate" by pulling back curtain on testing lab.
Chrysler recalls nearely 350,000 vehicles from 2008 to fix ignition switches.
Coca-Cola sales edge up after "Share a Coke" promotion.
Marvel promotes branded superhero, Captain Citrus, with Florida Department of Citrus.
NFL security chief was sent Ray Rice video in April, report says.
MORE BRAND NEWS
Airbus says it may win a new A380 customer by year's end.
Air France pilots defend "gourmet" contracts.
Amazon rolls out grand plan to avoid holiday-delivery snafus again.Continue reading...
Posted by Mark J. Miller on September 5, 2014 04:22 PM
Brick by brick, business deal by business deal, LEGO built itself into a toy-manufacturing juggernaut this year so much that it now has passed Mattel to be the world's toy sales leader.
The rise became official in the first half of the year as LEGO rode the success of The LEGO Movie to $468 million in sales at the box office and all of the related merchandise sales. In the first six months, its revenue rose 11 percent, the Wall Street Journal reports.
Conversely, the broad portfolios of Mattel and Hasbro have hurt the brands' overall standing, Bloomberg Businessweek reports. The former has taken a hit with its Barbie products while Hasbro’s board games are sliding. LEGO, meanwhile, is devoted to pretty much one product with many variations on the theme.Continue reading...
Posted by Dale Buss on September 2, 2014 09:34 AM
Uber is banned across Germany by Frankfurt court.
Aston Martin hires new CEO, Andy Palmer, from Nissan.
McDonald's boosts food-safety efforts in China.
RadioShack and shareholder talk about saving company from bankruptcy.
Apple fixes bug but denies iCloud link to celebrity nude photos leak following internal investigatiion.
MORE BRAND NEWS
1-800-FLOWERS acquires Harry & David.
Aflac ties campaign to college football.
Alfa Romeo sets return to US after 20 years.
American Apparel ads banned in the UK.
AOL brand CEO Susan Lyne steps down to attract women-led startups to venture arm.
Arthur Andersen name returns to tax consulting.
Buick launches new campaign to build on success of "Hmmm" spot. (More in our Q&A.)
Burger King sees tax history come under scrutiny.Continue reading...
Posted by Dale Buss on July 28, 2014 09:14 AM
Bose sues Beats as Apple buyout sees approval in Europe.
McDonald’s sees China food supplier order full recall.
Volkswagen marketing chief quits as company eliminates position.
Zillow acquires Trulia for $3.5 billion.
Virgin America files for IPO.
MORE BRAND NEWS
21st Century Fox would invite Time Warner representation on board in a takeover.
Aston Martin revives Lagonda badge for powerful new sedan.
Audi cuts prices of spare parts in China and plans plug-in hybrid diesel to help cut CO2 emissions.
Blue Moon sales are falling as craft brews take hold.
Burger King depends on young CEO to keep brand fresh.Continue reading...
Posted by Sheila Shayon on July 24, 2014 03:55 PM
It’s not enough to just be a superstar these days, with millions of adoring fans and multitudes of followers on social media. Instead, celebrities from all walks of life are turning their personal brands into actual businesses with products and services that you never knew you needed.
Case in point: Kim Kardashian's blockbuster mobile game “Kim Kardashian: Hollywood.” The Sims-like game is sitting at No. 1 on the iTunes free app chart and reportedly brought in $200 million in the few months that it's been live. Kardashian, according to Forbes, will take home around $85 million of that thanks to her near 50 percent stake in the game. While the game "is ridiculous. It’s laughable. It grates on your nerves after awhile," the Washington Post reports, "it’s nearly impossible to look away.”
Reflecting the Kardashian brand, now a multimillion-dollar empire, the app lets users achieve various levels of gameplay on their way to becoming an “A-list” celebrity with Kim as a guide. In-app purchases of Kim Coins drive revenue through the roof for the fairly simple app, which has a 5-star rating.Continue reading...