Brand News: 10 Things You Need to Know For Thursday June 21

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Virgil Abloh for Louis Vuitton

Instagram passed one billion users and launched IGTV, a long-form video app where Virgil Abloh gave a sneak peek at his Louis Vuitton debut today, as Instagram influencer admits to using stock photos.

Chanel surprises by revealing its annual revenue ($9.6B) for the first time.

Mars and the UNDP announce The Lion’s Share fund in Cannes:

Intel CEO Brian Krzanich resigns following ethics inquiry.

Sweden unveils road that serves as a charging pad for electric vehicles.

Hard Rock Hotels loses trademark infringement suit.

Kroger reports $2B profit on sale of convenience stores.

Taco Bell releases $2 value meal for frugal consumers as KFC brings Pickle Fried Chicken to U.S. fans in limited-time promotion.

The White House bows to pressure (including airlines) by reversing U.S. border policy to detain kids as TIME asks America: “What kind of country are we?”

& it’s World Wi-Fi Day:

 


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