Tag: International

  • Cristiano Ronaldo Is American Tourister 2018 Brand Ambassador

    Cristiano Ronaldo Is American Tourister 2018 Brand Ambassador

     

    Football superstar and fashion icon Cristiano Ronaldo has been appointed American Tourister brand ambassador.

    Ronaldo is the holder of the FIFA Ballon d’Or Award for a record fifth time. The former Manchester United and now Real Madrid record goal-scorer has won 24 trophies, including four UEFA Champions League titles. He also captained Portugal to victory in the 2016 UEFA European Championship.

    He has a global following of more than 230 million fans across Facebook and Instagram, and his appointment comes as Moscow prepares to host the FIFA World Cup in June.

    “There couldn’t be a better time to bring Cristiano on board,” says Asia Pacific president Subrata Dutta of Samsonite, which owns the American Tourister luggage brand.

    Ronaldo says that as a frequent traveller he appreciates the need for high-quality luggage that “still allows you to express your personality”.

  • C&A fashion chain eyes sale to Chinese investors

    C&A fashion chain eyes sale to Chinese investors

    The deal is close to being finalised, Der Spiegel weekly said, citing “insider sources”.

    C&A, founded in the Netherlands in 1841 by the German-Dutch Brenninkmeijer family, has over 1,500 stores across Europe employing some 35,000 people.

    The chain, which focuses on offering affordable clothing for men, women and children, also has a smaller presence in China, Mexico and Brazil.

    The reclusive Brenninkmeijer family owns C&A through the Cofra Holding company headquartered in Switzerland.

    C&A declined to confirm or deny the mooted sale when contacted by Spiegel, the magazine said.

    The Cofra holding company told the magazine in a statement that C&A was looking into growth opportunities in all regions.

    “The ongoing restructuring of C&A also includes exploring different ways to pick up the pace in growth markets like China and in the digital area, and could potentially include partnerships and other kinds of additional, external participations.”

    Believed to be worth some 20 billion euros, the Brenninkmeijer family is one of Europe’s wealthiest and most secretive, according to Spiegel.

    It is also large, comprising some 1,000 family members whose shares in C&A are bundled into the Cofra Holding company based in the Swiss town of Zug, Spiegel added.

     

  • Wendy’s Opens 500th International Restaurant

    Wendy’s Opens 500th International Restaurant

    Burger chain Wendy’s has opened its 500th international restaurant, in Guatemala City in partnership with its local franchisee Alimentos Corporativos Coralsa.(ACC)

    It is the 13th restaurant to open in Guatemala, where it appointed ACC in 2015.

    Wendy’s has ramped up its international expansion program, opening 60 new restaurants in the last year.

    “This is a great achievement that we attribute to the strength of our brand and partnerships with exceptional and dedicated franchisees who are committed to developing Wendy’s abroad,” said Todd Penegor, president and CEO of The Wendy’s Company.

    In Asia, Wendy’s has opened new stores in Indonesia, Japan and Malaysia in recent months.

    “We have an outstanding group of international franchise partners who play an essential role in the growth and success of our brand, and we are dedicated to helping them build strong, profitable restaurant businesses,” said Bob Wright, EVP and COO international with Wendy’s.

    “Our goal is to delight every customer in every restaurant around the world. It’s this shared commitment that has resulted in the successful growth of our international business.”

  • Michael Lau x PUMA ‘Sample Suede’ Sneaker

    Michael Lau x PUMA ‘Sample Suede’ Sneaker

    Hong Kong designer Michael Lau is partnering with Puma to create a suede design for the German footwear brand’s 50th anniversary.

    With a prototype approach, the collaborative effort pays tribute to sample sneakers that brands produce as a model for production, featuring work-in-progress detailing such as zig-zag finishing and fabric samples.

    “A lot of the times when I come up with a sneaker design, it’s not going to be for everyone,” says Lau. “I rather think of them as products that are for collecting. I guess that is because I approach it like artwork.”

    Some story-telling details are evident on the model as well, such as “50 Sample Suede Not For You Only For Me” being emblazoned on its heel, while the Chinese character for “sample” features on its tongue.

    Even the box for the sneakers further the sample story.

    The sneakers are scheduled for release on Saturday at Puma.com and select retailers worldwide.

  • Microsoft says security patches slowing down PCs, servers

    Microsoft says security patches slowing down PCs, servers

    Microsoft said on Tuesday that software patches released to guard against microchip security threats slowed down some personal computers and servers, with systems running on older Intel Corp processors seeing a noticeable decrease in performance.

    The comments in a blog post were the clearest signal from Microsoft that fixes for flaws in microchips from Intel and rivals described last week could meaningfully degrade performance. The topic is of keen interest to large data center operators, which could incur significant cost increases if computers slow down.

    Microsoft also said that security updates froze some computers using chipsets from Intel rival AMD, dragging AMD’s shares down nearly 4 percent.

    Shares in Intel, which reiterated on Tuesday that it saw no sign of significant slowdown in computers, fell 2.5 percent taking the loss since the issue surfaced last week to about 7 percent or around $15 billion in market value.

    AMD shares have gained nearly 20 percent in the last week as investors speculated that the chipmaker could wrest market share from Intel, whose chips were most exposed to the security flaws.

    Security researchers disclosed the flaws on Jan. 3 that affected nearly every modern computing device containing chips from Intel, AMD and ARM Holdings, owned by Japan’s SoftBank Group Corp.

    “We (and others in the industry) had learned of this vulnerability under nondisclosure agreement several months ago and immediately began developing engineering mitigations and updating our cloud infrastructure,” Microsoft executive Terry Myerson wrote in a blog post on Tuesday.

    Internet and networking equipment maker Cisco Systems Inc said in a security advisory updated on Tuesday that it has identified 18 vulnerable products, including some of its blade servers, rack servers and routers, and expects to have patches for servers in about five weeks, on February 18.

    Cisco said it is also looking for problems in nearly 30 other products, including switches and routers. The majority of Cisco’s products were not vulnerable because they are “closed systems that do not allow customers to run custom code on the device,” it said.

    The memory corruption flaws, named Meltdown and Spectre, could allow hackers to bypass operating systems and other security software to steal passwords or encryption keys on most types of computers, phones and cloud-based servers.

    ARM Holdings estimated that around 5 percent of more than 120 billion chips its partners have shipped since 1991 was impacted by Spectre. It said the number of chips affected by Meltdown was significantly less.

    “ARM will address Spectre in future processors but there will need to be an ongoing discipline in the design of secure systems which needs to be addressed through both software and hardware,” a company spokesman said in an emailed statement.

    Intel and AMD have not disclosed the number of chips affected by the security flaws.

    Intel said a typical home and business PC user should not see significant slowdowns in common tasks such as reading email, writing a document or accessing digital photos.

    The chipmaker said last week that fixes for security issues in its microchips would not slow down computers, rebuffing concerns that the flaws would significantly reduce performance.

    Rival AMD had also played down the threat, saying its products were at “zero risk” from the Meltdown flaw, but that one variant of the Spectre bug could be resolved by software updates from vendors such as Microsoft.

    But on Tuesday AMD said it was aware of an issue with some older-generation processors following the installation of a Microsoft security update that was published over the weekend.

    Microsoft said it was working with AMD to resolve the issues.

    Apple Inc also released an updated version of its operating system software on Monday to fix the security flaw.

  • Florence’s Gucci museum opened a restaurant with the world’s best chef

    Florence’s Gucci museum opened a restaurant with the world’s best chef

    Luxury fashion brand Gucci has opened a 50-seat restaurant, Gucci Osteria, in Florence featuring triple-starred Michelin chef Massimo Bottura.

    This follows in the tracks of Giorgio Armani offering fine-dining restaurants at its hotels in Dubai and Milan, the Dolce & Gabbana Gold Restaurant and Dolce & Gabbana Martini Bistrot in Milan, and Ralph Lauren with Ralph’s Restaurant in Paris. Roberto Cavalli also has an international chain of cafes.

     

    LVMH last year also announced it would open a second branch of its gourmet grocer La Grande Epicerie in Paris, days before Tiffany’s & Co launched its Blue Box Cafe in New York. LVMH also owns Cova Pasticceria, which has a strong international presence along with Prada’s Pasticceria Marchesi.

    In Seoul, Dior runs the Dior Cafe at its flagship store, in partnership with patissier Pierre Herme.

     

  • Facebook updates News Feed to make friends a priority

    Facebook updates News Feed to make friends a priority

    Facebook on Thursday announced a major update that will put friends and family above pages or celebrities in a user’s news feed — and likely result in people spending less time on the leading social network.

    The change to the way Facebook ranks posts will put more weight on social interactions and relationships, according to News Feed product manager John Hegeman.

    “This is a big change,” Hegeman told.

    “People will actually spend less time on Facebook, but we feel good about that because it will make the time they do spend more valuable, and be good for our business in the end.”

    For example, a family video clip posted by a spouse will be deemed more worthy of attention than a snippet from a star or favorite restaurant.

    “We think people interaction is more important than passively consuming content,” Hegeman said.

    “This will be one of the more important updates that we have made.”

    Facebook co-founder and chief Mark Zuckerberg has said that bringing people together and strengthening communities in the real world are priorities.

    The news feed ranking update, which is set to roll out globally in the coming weeks, is expected to support that goal.

    “As we roll this out, you’ll see less public content like posts from businesses, brands, and media,” Zuckerberg said in a post at his Facebook page.

    “And the public content you see more will be held to the same standard — it should encourage meaningful interactions between people.”

    Google, Twitter and Facebook have come under fire for allowing the spread of bogus news — some of which was directed by Russia — ahead of the 2016 U.S. election and in other countries.

    Facebook has introduced a series of changes intended to address the problem.

    “We are doing a ton of work to reduce the frequency of bad content on Facebook,” Hegeman said.

    “This update is more about amplifying the things people value.”

    He cited academic research indicating that interacting with loved ones is crucial to a person’s wellbeing, while reading news articles or watching shared videos may not be.

    “There is really no silver bullet here to determine what is most meaningful, but we are trying to mine the signals to get the best representation that we can,” Hegeman said.

    Known for setting annual personal goals ranging from killing his own food to learning Mandarin, Zuckerberg’s stated mission for this year is to ‘fix’ the social network, including by targeting abuse and hate, and making sure visiting Facebook is time well spent.

    “I’m changing the goal I give our product teams from focusing on helping you find relevant content to helping you have more meaningful social interactions,” Zuckerberg said Thursday.

  • Hyundai Motor and Aurora Partner to Develop Level 4 Autonomous Vehicles by 2021

    Hyundai Motor and Aurora Partner to Develop Level 4 Autonomous Vehicles by 2021

    Last week, Hyundai Motor Company and Aurora, a leader in autonomous vehicle technology, announced a strategic partnership to bring self-driving Hyundai vehicles to market by 2021. This partnership will incorporate Aurora’s self-driving technology into Hyundai vehicles starting with models custom-developed and launched in test programs and pilot cities. Over the longer term, Hyundai and Aurora will work to commercialize self-driving vehicles worldwide.

    To start, the partnership will focus on the ongoing development of hardware and software for automated and autonomous driving and the back-end data services required for Level 4 automation. Level 4 autonomous vehicles defined by SAE can operate without human input or oversight under select conditions. The goal of the partnership is to deploy autonomous driving quickly, broadly and safely.

    “We know the future of transportation is autonomous, and autonomous driving technology needs to be proven in the real-world to accelerate deployment in a safe and scalable manner,” said Dr. Woong Chul Yang, Vice Chairman of Hyundai Motor. “Combining our advanced vehicle technology that embeds the latest safety features with Aurora’s leading suite of Level 4 autonomous technology will advance this revolution in mobility with Hyundai in a leadership position.”

    Hyundai and Aurora share the common vision of improving safety and mobility on the world’s roads, and together bring the skills and experience required to successfully introduce this technology at scale. For nearly 50 years, Hyundai has been a leader in vehicle design, safety and manufacturing, catapulting the company to become one of the world’s largest vehicle manufacturers together with its Kia Motors Corporation affiliate.

    For the last two decades, Aurora’s founders have spearheaded the self-driving revolution, building teams and pioneering modern machine learning techniques now on the cusp of transforming transportation. Together, Hyundai and Aurora will move quickly to bring self-driving technology to market around the world.

    “Aurora is excited to partner with Hyundai Motor to make the social benefits of self-driving available globally,” said Dr. Chris Urmson, CEO of Aurora. “This partnership combines Hyundai’s strengths in vehicle design, safety and manufacturing with Aurora’s expertise in self-driving technologies to make a positive difference in the world.”

    Hyundai Motor’s partnership with Aurora is part of the company’s ongoing efforts towards realizing fully autonomous driving. Hyundai first began testing autonomous vehicles on public roads of the USA in 2015, having been granted a license by the state of Nevada. Last year at the 2017 CES, Hyundai advanced its trials in urban environments, demonstrating self-driving technologies to the public with its autonomous IONIQ models.

    Hyundai’s latest new-generation fuel-cell vehicle, which will make its official global debut at CES 2018 next week, will become the first model to be utilized in the test processes starting this year. The fuel-cell powertrain will offer an ideal platform to implement autonomous driving technologies, which requires a massive amount of power to support the large amount of data communication as well as the operation of hardware such as sensors. Hydrogen-powered fuel cell vehicle will be able to provide a stable electric power supply without concerns about driving range.

  • Puma Parents Announces Plan To Sell 70% Of Its Stake

    Puma Parents Announces Plan To Sell 70% Of Its Stake

    Luxury fashion brand owner Kering says it will sell off the majority of its Puma stake.

    Under the plan, Kering will reduce its 86 per cent holding in the German athletics-wear label to 16 per cent, the remaining 70 per cent of stock distributed proportionally to Kering shareholders.

    While Puma has proven successful under Kering’s ownership, the Paris-headquartered company wants to shift its focus to what it sees as its core business – luxury brands like Gucci, Balenciaga and Stella McCartney, and a growing focus on watches and jewellery.

    “With Puma’s unique DNA, heritage of innovation and creativity, the ongoing successful implementation of its “Forever Faster” transformation plan has started to deliver results,” said Kering in a statement.

    “The brand is enjoying strong revenue growth momentum and achieving an improvement in its profitability. Furthermore, Puma’s management team is fully committed to pursue its successful strategy, and continue to deliver the growth and profitability potential of the brand.”

    “We are very pleased that Kering has proposed this way to reduce its stake in Puma, said Bjørn Gulden, CEO of Puma. “It would allow us to continue with our current business strategy that has started to show good results. We would be able to carry on to invest in becoming the Fastest Sports Brand in the world, create value for retailers, improve performance for athletes and excite consumers.

    “Puma would become much more attractive for investors as our shares would have a substantially higher free float and larger trading volumes. Kering and [Kering’s largest shareholder] Artémis, however, would remain strong partners and shareholders, which proves that they believe in our strategy and Puma’s future success,” said Gulden.

    The Puma stake divestment will be voted on by Kering shareholders on April 26.

  • Nordstrom Ends Rocky Year With Modest Holiday Sales Growth

    Nordstrom Ends Rocky Year With Modest Holiday Sales Growth

    Department store chain Nordstrom has seen a boost in sales during the holiday season buoyed by greater consumer confidence, lower unemployment and e-commerce growth.

    Nordstrom posted a 2.5 per cent increase in net sales and a 1.2 per cent increase in same store sales for the nine weeks ending December 30, 2017 compared to the previous corresponding period.

    For the Nordstrom brand, including US and Canada full-line stores and Nordstrom.com, net sales when combined with Trunk Club, increased 0.7 per cent and comparable sales increased 1.0 per cent. In the Nordstrom Rack brand, which consists of Nordstrom Rack stores and Nordstromrack.com/HauteLook, net sales increased 8.2 percent and comparable sales increased 2.9 per cent.

    Based on holiday results, the company has updated its fiscal 2017 expectations for an increase in net sales of approximately 4.2 per cent, inclusive of the 53rd week, and an increase in comparable sales of approximately 0.5 per cent.

    The retailer announced it is expecting full-year earnings per diluted share to be in a range of $2.90 to $2.95, compared with its prior outlook of $2.85 to $2.95.

    The company is scheduled to report its fourth quarter and full-year 2017 financial results after the close of the financial markets on March 1.

    Nordstrom has also recently announced the president of its Rack brand, Karen McKibbin, will retire in March.

    McKibbin joined Nordstrom in 1985 and has held many leadership roles within the company, including president of Nordstrom Canada, where she led the first-ever international expansion of Nordstrom’s full line stores.

    “We are indebted to Karen for the many contributions she’s made over her more than 30-year career with Nordstrom,” said Blake Nordstrom, co-president of Nordstrom, Inc. “During her long tenure, Karen brought great depth of experience to her various roles including president of Canada, president of Nordstrom Rack, and a member of the Executive Team. Her leadership will be missed across the company and we wish her all the best in her next endeavor.”

    Geevy Thomas, chief innovation officer, will succeed McKibbin.

    Thomas, who joined Nordstrom in 1983, has held numerous senior leadership positions throughout the organisation and served as president of Nordstrom Rack from 2010 to January 2017.

  • IKEA Offers Discount to Pregnant Women

    IKEA Offers Discount to Pregnant Women

    Ikea Sweden is offering pregnant women a discount on cribs ‒ but a specimen is needed to qualify.

    Taking its cue from at-home pregnancy test kits, the furniture giant includes a swatch in its latest print advertisement. By adding urine to the special panel, a chemical reaction reveals a lower price for the crib being advertised, says Adweek.

    Devised by Stockholm advertising agency Akestam Holst, the technology was created by Marcene Labs and is being used in the advertisement in a Swedish women’s magazine. The agency even claims that technical advancements made during the work on the campaign “have the potential to improve medical diagnostics”.

    The crib in question, the Sundvik, is available online for US$119. For the discount price, available only in Sweden … mums-to-be know what to do. Or maybe they can just waddle in to the store if it is obvious they qualify.

  • Dachser feted for commitment to sustainability

    Dachser feted for commitment to sustainability

    As part of the presentation of the European Transport Award for Sustainability (ETPN), this year Dachser received the Special Award for Corporate Social Responsibility. The company came first in the Transportation and Forwarding Companies category.

    Awarded by Munich-based specialist logistics publisher Huss-Verlag, the Special Award recognises a company’s commitment to sustainability. It takes into account environmental protection, corporate social responsibility, corporate culture, and a commitment to the science community and to safeguarding the future. A key consideration is for this commitment to be in line with corporate objectives. “What most impressed us about Dachser was the sustainability of its overall concept as a family-run company,” the jury said

    “We have been committed to social, ecological, and economic sustainability for many years. This award is both a welcome recognition of our efforts and motivation to continue,” said Dachser CEO Bernhard Simon. Dr. Andreas Froschmayer, corporate director Corporate Development, Strategy & PR at Dachser, accepted the award in Munich on behalf of the company.

    The jury was made up of six editors of trade publications at Munich’s Huss-Verlag publishing house. Each member of the jury was permitted to propose up to three candidates for each of this year’s categories: Transportation and Forwarding Companies, and KEP Services.

  • Ex-Google engineer fired over gender memo sues for discrimination

    Ex-Google engineer fired over gender memo sues for discrimination

    A former Google engineer fired after he asserted in a memo that biological causes were behind tech industry gender inequality sued his former employer on Monday, saying he was discriminated against as a white man with conservative political views.

    James Damore last year caused an uproar in Silicon Valley and beyond when he wrote the internal memo, which later became public. Google said he had perpetuated gender stereotypes and fired him in August.

    In the months since, his firing has become a popular cause among right-leaning U.S. bloggers, and Damore hired a Republican Party official as his attorney.

    Damore and another white male former Google engineer, David Gudeman, filed the lawsuit as a proposed class action in Santa Clara County Superior Court in California. The lawsuit alleges workplace discrimination and retaliation.

    Google, a unit of Alphabet Inc based in Mountain View, California, said in a statement: “We look forward to defending against Mr. Damore’s lawsuit in court.”

    According to the lawsuit, the company has failed to protect employees, especially white men, from workplace harassment related to their support of U.S. President Donald Trump or conservative political views.

    “Damore, Gudeman, and other class members were ostracized, belittled, and punished for their heterodox political views, and for the added sin of their birth circumstances of being Caucasians and/or males,” the lawsuit said.

    The lawsuit also accused Google of maintaining a secret blacklist of conservative media personalities who are not allowed inside the company’s offices.

    The lawsuit requested an injunction barring Google from discriminating against individuals with conservative political views, as well as for unspecified compensation.

    Google Chief Executive Officer Sundar Pichai said when Damore was fired that portions of his memo “violate our Code of Conduct and cross the line by advancing harmful gender stereotypes in our workplace.”

    Gudeman was fired in December 2016 after a confrontation with a Muslim coworker on an internal Google forum, according to the lawsuit.

    The coworker said on the forum that the Federal Bureau of Investigation had targeted him for being a Muslim, and he expressed worry about his personal safety, the lawsuit said. Gudeman responded with skepticism, saying the coworker had provided “zero evidence” for the claim and suggesting the FBI may have had justification.

    A human resources employee later told Gudeman he had accused his coworker of terrorism based on religion, and that he was being fired as a result, the lawsuit said.

  • H&M apologizes for ‘coolest monkey’ racist campaign

    H&M apologizes for ‘coolest monkey’ racist campaign

    Swedish fast fashion chain H&M has apologised for featuring a black child modelling a garment with the text “coolest monkey in the jungle”, also removing the advertisement and item from stores.

    H&M was forced to apologise following widespread backlash from consumers, staff, stakeholders and the media.

    “Our position is simple and unequivocal – we have got this wrong and we are deeply sorry,” the retailer stated.

    “H&M is fully committed to playing its part in addressing society’s issues and problems, whether it’s diversity, working conditions or environmental protection – and many others. Our standards are high and we feel that we have made real progress over the years in playing our part in promoting diversity and inclusion. But we clearly haven’t come far enough.”

    The retailer said it agreed with all the criticism that the controversy had generated and stated that “even if unintentional, passive or casual racism needs to be eradicated wherever it exists.”

    The item will be recycled after being removed from shop floors.

    “We appreciate the support of those who have seen that our product and promotion were not intended to cause offence but, as a global brand, we have a responsibility to be aware of and attuned to all racial and cultural sensitivities – and we have not lived up to this responsibility this time,” the retailer stated.

    “Racism and bias in any shape or form, conscious or unconscious, deliberate or accidental, are simply unacceptable and need to be eradicated from society. In this instance we have not been sensitive enough to this agenda.”

  • Amazon goes shopping

    Amazon goes shopping

    All sorts of rumors are out there talking up potential Amazon acquisitions.

    First, it was Kohl’s that was going to be bought by Amazon. It seemed reasonable; after all, they are already selling some of the Amazon electronic equipment like Alexa. Kohl’s also agreed to take back Amazon merchandise from customers.

    It was a good idea for Amazon to initiate brick and mortar returns. At the same time, Kohl’s is counting on gaining more customer traffic

    Then, technology analyst Gene Munster of Loup Ventures wrote that Target was a candidate to be purchased by Amazon. The locations of Target stores are appealing and would provide a great opportunity for the sales of Amazon hardware. Moreover, the fashion appeal of Target’s 1,834 stores makes this an interesting candidate.

    As long as we are guessing who the next candidate might be, Walmart could be a great candidate. It has stores in every state of the U.S.A., a significant global presence, and is a fierce competitor to Amazon. All the more since Mark Lore has intensified online sales, so eliminating competition could enrich Jeff Bezos’s coffers. However, Walmart has 11,650 stores worldwide.

    Here is another option. Forbes contributor and Columbia University Professor Mark Cohen’s belief that Costco could be the most likely candidate has merit since I believe both the food and non-food sections of Costco continue to function well and generate higher revenues and earnings every quarter.

    Many Costco customers stay loyal to the company because of the quality of Costco’s offerings and value of every product they sell. And, membership renewals are very high. This acquisition would also strengthen Amazon’s presence in the food business. Amazon’s 2017 acquisition of Whole Foods Markets was a spectacular move.

    Amazon is an amazing company – hated by the industry but loved by its customers. Their next acquisition is most likely going to be a ready-to-wear retailer that will intensify its fashion presentation. Kohl’s fits that description. Maybe J.C. Penney, but that company has too much debt. So what about Macy’s? Dillard’s?

    The industry is fighting for survival. Amazon recognizes the opportunities and may act. However, this is still just a guessing game. Amazon will choose if and when to act when it’s ready, so we can just wait and watch as none of this is going to accelerate what Amazon will do.