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Luxury Brand Prada Hosts Crossover Campaign at Shanghai Wet Market | Life

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The Italian luxury brand Prada has embarked on a cross-campaign with a Shanghai market. – Photo via Twitter / @MissXQ

KUALA LUMPUR, October 12 – A wet market in Shanghai has gone viral on social media for bagging products in Prada packaging.

World time reported that Wuzhong Market in Xuhui District has seen hordes of influencers come to take photos, live stream and pose with produce during the recent National Day holiday.

Products sold at the market were wrapped in paper printed with the brand name.

The buyers also received a paper bag with the Prada logo when they purchased more than 20 yuan (RM12.93) of items.

The campaign, which ended on Sunday, was part of the Italian luxury fashion brand’s crossover campaign.

During the campaign, which started last month, it was not the vegetables that customers were looking for, but the packaging and bags with the brand’s logo.

A buyer, identified by his last name Wang, said the bags were not available elsewhere, even if you paid 50 yuan (RM32.32) elsewhere.

The campaign brought dynamic activity to the market, with more visitors than ever.

“Now it has attracted more young people,” a buyer named Liu reportedly said.

“I am happy to see that the campaign has transformed the grocery market into an art gallery, making grocery shopping a spiritual pleasure. .

“You see the asparagus and celery in the beautiful packaging. They are like works of art.

A vegetable seller, however, was not happy with the countryside.

“I hope it can end as soon as possible.

“Sales haven’t increased much,” he said.

“Most people come for pictures, but not many people actually buy anything.

“They also like to throw in the vegetables. “

The popularity of the market during the campaign is understandable with the insatiable thirst for luxury among the Chinese.

Prada’s sales on the Chinese mainland increased 77% this year, according to the group’s financial results as of June 30.


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B.Yellowtail is the gorgeous Native American owned fashion brand you need to know about

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Are you interested in adding a beautiful and unique fashion label to your wardrobe? If so, look no further than B. Yellowtail.

Founded by Bethany Yellowtail, B. Yellowtail is described as a Native American owned and designed by Native people. fashion Mark. The Los Angeles-based company aims to defend native-owned businesses: “with community and culture at the heart of our activities, we decided to share an authentic Indigenous design and beauty with the world, while prioritizing economic opportunities for our populations.

Yellowtail, the woman behind the brand, is “a registered member of the Northern Cheyenne Nation, and grew up in the Mighty Few District of the Crow Nation (Southeast Montana).

Beyond its clothing brand, Yellowtail also created the B. Yellowtail Collective in 2016, which is “a brand initiative to support Amerindian, First Nations and Indigenous entrepreneurs. All items sold as part of the Collective are made by Aboriginal people. And yes, “Consignment artists receive 70% of profits of all retail businesses Sales. “

In addition, the brand has more than 179,000 subscribers on Instagram and even collaborated with the famous brand Faherty on several pieces currently available on its website. However, B. Yellowtail also offers things besides clothing. They sell beautiful handbags, jewelry, hair accessories, scarves and more.

In honor of Indigenous Peoples Day, which is today October 11, shoppers can score a free gift with purchase as well as free shipping. Keep scrolling to pick up five gorgeous B.Yellowtail pieces that are sure to elevate any wardrobe.

1. Cardigan B.YELLOWTAIL + FAHERTY Wolf Mountain Lodge, $ 298

<a class=Credit: B. YELLOWTAIL” src=”https://s.yimg.com/ny/api/res/1.2/hqsgtGA2PwXm0e_8ksGRsA–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MA–/https://media.zenfs.com/en/in_the_know_500/7217cd97d781e378ce10011affa7a66a”/>

Credit: B. YELLOWTAIL

Buy now

2. Wide-leg pants in peyote stitch, $ 140

Credit: B. YELLOWTAIL

Credit: B. YELLOWTAIL

Buy now

3. Pollen Flower Babydoll Dress, $ 150

Credit: B. YELLOWTAIL

Credit: B. YELLOWTAIL

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4. MHAZUETSA Star Quilt Tote, $ 425

Credit: B. YELLOWTAIL

Credit: B. YELLOWTAIL

Buy now

5. Parker Penny Charm Earrings, $ 200

Credit: B. YELLOWTAIL

Credit: B. YELLOWTAIL

Buy now

If you liked this article, read about Ginew, the only denim line owned by Native Americans.

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This mug keeps my drinks cool all day; no ice is required

These black faux leather leggings go with everything – and they cost under $ 100

This warm and cozy plush coat is affordable enough to purchase in multiple colors

The post office B.Yellowtail is the gorgeous Native American owned fashion brand you need to know about appeared first on Aware.



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Cartier and Kering’s plan to accelerate industry sustainability – JCK

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The newly formed Watches & Jewelry Initiative 2030 aims to boost the industry’s sustainable development efforts by committing companies to achieving specific environmental and social governance objectives.

The group, open to other national and international companies in the sector, was launched last week by Cartier and Kering, in partnership with the Responsible Jewelery Council (RJC).

“We make it a top priority to get things done,” said Cyrille Vigneron, CEO of Cartier. JCK.

He says consumers increasingly expect businesses to consider their environmental and social footprint.

“No one wants to travel on an airline that is not safe,” he says. “It will be the same with that. In the future, consumers will no longer do business with a company that doesn’t do the right thing.

Cyrille Vigneron
Cyrille Vigneron, CEO of Cartier (photo courtesy of Cartier)

The new initiative aims to advance sustainability efforts by setting an aggressive set of targets, said Jean-François Palus, managing director of Kering, the luxury conglomerate that owns various brands of watches and jewelry, including Pomellato, Boucheron and Ulysse Nardin.

“We have to show the way,” says Palus. “We need all of our suppliers to move in the same direction. Everyone involved in the supply chain should get involved. We need collective action. “

Jean-François Palus, CEO of Kering (photo courtesy of Kering)

RJC Executive Director Iris Van der Veken calls the new initiative a “platform for action” that will accelerate industry action on the United Nations Sustainable Development Goals.

The initiative intends to focus on three efforts: building climate resilience, including achieving net zero climate impact by 2030; preserving resources for nature and communities; and foster inclusion throughout the value chain.

“These two CEOs are mobilizing to take sustainability to the next level,” said Van der Veken. “These brands have an ambitious role and a leadership role, so their efforts will spill over into the entire supply chain. They become a force for positive change and look for ways to accelerate action and measure impact.

The group plans to set specific targets, and the RJC will report publicly if companies have achieved them, Van der Veken said.

“The goal is to develop a system to manage and track their progress,” she says.

Palus says the initiative will be particularly beneficial for small businesses, which often lack the resources to develop a full-fledged sustainability plan.

He compares it to the Fashion Pact, a group launched by Kering to promote sustainable development in this sector. It now includes 250 companies.

“The Fashion Pact had to start from scratch,” says Palus. “We already have the RJC, so we can go even faster. “

The RJC will support the new initiative through training and education, says Van der Veken. Brands will also ask their suppliers and subcontractors to be RJC certified.

“They don’t want to reinvent the wheel,” she said. “This is why they rely on existing standards such as those of the RJC.

The group plans to form a stakeholder advisory committee that will include advocacy groups, academics and financial institutions.

(Top image courtesy of the Responsible Jewelery Council)

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BGMEA in talks with Australia, United States and Brazil to develop the garment industry

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Bangladesh Garment Manufacturers and Exporters Association (BGMEA) urged Australia to maintain tariff benefits after graduation from LDCs (Least Developed Countries), urged US buyers to source more from Bangladesh and discussed the mutual trade benefits of duty-free access on ready-made products. clothing in Brazil.

BGMEA President Faruque Hassan delivered a speech on “The Apparel Industry – Competitiveness Beyond COVID-19” at an international webinar hosted by six Australian universities.

Hassan highlighted the considerable progress made by the ready-to-wear industry (RMG) in the areas of workplace safety, sustainability and ethical manufacturing.

He explained: “We have set our priorities to strengthen our capacities, in particular in the field of diversification of our products and markets, investments in high-end textile sectors, in particular non-cotton sectors, innovation. and added value, and modernization of technologies.

Hassan called on the Australian government to extend the LDC reclassification transition period for Bangladesh for a smoother transition.

He said: “Given that 83% of Bangladesh’s export earnings depend on RMG alone, which employs 10 million people, including upstream and downstream link industries, and given that Covid-19 has caused severe financial hardship to the industry, which will take some time to recover, we call on development partners, including Australia, to extend the transition period for the LDC withdrawal by 12 years. ”

He spoke of the downward trend in prices in the global apparel market which has posed a major challenge for the industry, especially at a time when the sector is struggling to recover from the impacts of the pandemic of Covid-19.

He also urged buyers and retailers to be more empathetic and rational in pricing so that a secure global market can be built where the workplace and jobs are safer and more sustainable.

BGMEA’s request for US buyers was made during a call with Richard Rosenthal, CEO of US brand Tailor Vintage. Hassan explained that he is calling on brands and buyers in the United States to source more clothing, including non-cotton and high-end clothing products from Bangladesh.

He said unprecedented advances in safety, sustainability and social compliance in the ready-to-wear industry (RMG) have earned Bangladesh global recognitions and made the country a preferred sourcing destination. buyers.

He also highlighted the future priorities of the clothing industry, in particular an increased focus on the non-cotton and premium segment.

While the conversations with Brazil on duty-free access to ready-made garments took place on October 7.

The Brazilian Ambassador to Bangladesh and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) discussed how Bangladesh and Brazil would benefit from duty-free access on ready-made garments in Brazil.

The BGMEA explained that the collaboration for the garment and textile industry would work with Bangladesh’s future priorities, which include product diversification and global markets as well as innovation in product development.

Hassan stressed that Bangladesh is ready to import more cotton from Brazil for its ready-to-wear industry and requested the cooperation of the Brazilian ambassador to make this a reality.

BGMEA and the Brazilian Ambassador discussed the scope of Brazil’s collaboration and support in building the capacity of the Bangladesh Ready-to-Wear (RMG) sector in the development of the design of value clothing products. added.

Mr. Hassan said, “While Brazil has a large pool of designers and experts, we have a huge manufacturing capacity. So Brazil and Bangladesh can work together to develop our capacity to design and manufacture value-added products that can be exported to countries in South America. This will benefit both Brazil and Bangladesh.

Last month, Just Style spoke exclusively with Rakib Abdullah Hil from BGMEA about how the new Center for Innovation, Efficiency and Occupational Safety and Health will take the Bangladesh garment industry to the higher level.

At home: Mercedes-Benz overtakes China

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  • Mercedes-Benz to Unveil New Chinese Tech Center This Month
  • German automaker makes China a ‘home away from home’
  • Foreign manufacturers under pressure from Chinese startups
  • Mercedes-Benz moves all of its designers from China to Shanghai

BEIJING / SHANGHAI, Oct.11 (Reuters) – Mercedes-Benz, the German company founded by the inventors of the automobile, is devoting more resources to its advanced research and design capabilities in China as the center of gravity of the new automobile the world is moving east.

In an effort to create a “home away from home”, Mercedes-Benz is doubling down on its bases in Beijing and Shanghai to stay ahead of regulations and consumer trends in an automotive market that overtakes the United States and Germany reunited.

Three years after initially announcing its intention to strengthen its research and development (R&D) in the country, the luxury car brand owned by Daimler (DAIGn.DE) will unveil its new Tech Center China in Beijing this month.

Reuters spoke to four people close to the brand’s Chinese technology center and design studio who are familiar with the company’s new Chinese strategy. All declined to be named because they are not authorized to speak with the media.

With 1,000 engineers, the new technology center is more than three times the size of the one Mercedes-Benz opened in 2014 and the first outside Germany to be able to test “everything”, putting it technically more “on par” with the much larger R&D headquarters. near Stuttgart, said a person close to the center.

Mercedes-Benz has also invested heavily in modernizing its Chinese design studio and moved the entire team from Beijing to Shanghai, a megalopolis of around 25 million people known as China’s automotive design capital.

Mercedes-Benz has good reason to increase its Chinese operations.

Its car sales in China jumped 12% last year to a record 774,000 despite the pandemic, streets ahead of its next two markets, Germany with 286,000 and the United States with 275,000 .

About 80% of the cars sold in China were made there as well, typically with an array of features and models only in China, and Asia globally accounted for nearly half of its global sales in 2021.

The Chinese auto market, the world’s largest since 2009, is expected to continue to grow steadily, with demand forecast to reach 35 million vehicles by 2030, up from 25 million today.

‘SECOND HOUSE’

But Mercedes-Benz, like all foreign automakers in China, is under increasing pressure from local electric vehicle startups such as Xpeng, Li Auto and Nio (NIO.N) and their sleek vehicles with high-tech features. suitable for Chinese consumers.

This is why the German automaker’s “second home” strategy for China aims to make its design and technology more agile, react quickly to the ever-changing landscape and firmly entrench the Mercedes-Benz brand, the officials said. four sources.

“The expectation in China is that the in-car experience will be served by a localized digital service ecosystem, and such solutions need to be designed and built by people who live in China and truly understand mobile internet,” Bill Russo, responsible for the board. Automobility Ltd. in Shanghai, said.

Mercedes-Benz customers in China are on average 36 years old – about 20 years younger than in Germany – and more tech-savvy, but they’re also notoriously disloyal, going from brand to brand as trends change.

Mercedes spent 1.1 billion yuan ($ 170 million) to modernize the center, with much of the investment ensuring that it can perform a series of tests locally – rather than sending new technology back to the Sindelfingen headquarters. in Germany.

“One of the main reasons for the expansion is to be close to these customers and their needs,” said the person close to the technical center. “Here we finally have everything we need to fully test the car,” the source said.

The center has modern chassis test stands and others, including noise, vibration and harshness, as well as batteries and electric powertrains, and has the ability to swap out new ones as they go. as the technology develops, two sources said.

Mercedes has also added features deemed important to Chinese customers, such as a dedicated intelligent and connected electric vehicle (EV) technology team.

“Tech-savvy customers here demand that you be very local in terms of intelligence, connectivity and autonomous driving,” one of the sources said.

THINK ROSE GOLD

The four sources said the focus on the customer in China in recent years is already paying off.

A desire to create colors only in China has led to research into the preferences of young buyers of luxury goods. While appreciative of being seen as hip and tech-savvy, there has been a resurgence of interest in styles inspired by ancient Chinese dynasties.

As part of this research, the studio came up with “Rose Gold Metallic,” a variation of rose gold tones fitted for cars first used as the exterior color for the Mercedes-Benz AL-Class sedan in 2018. New ones Electric vehicles such as the EQA and EQB are now available in rose gold, and this is also an interior tone in the EQC.

“Global ideas, inspired by China,” a source close to the studio said, adding that if Mercedes is to respond to its Chinese customers first, some ideas developed in China will go global.

Part of the motivation for the studio’s move to Shanghai was the need to dramatically speed up the design process by making it more digital, as most of the virtual model making vendors are based there.

“Also, Shanghai is a much easier place to recruit design talent,” said the source close to the studio, which is just north of the city’s main waterfront district, the Bund.

Designers typically draw a car on paper or a touchscreen computer screen, and expert modelers then help sculpt the designs into models out of clay. Mercedes-Benz plans to more or less do away with these physical models.

As part of the new process, the Shanghai studio will revise their designs using virtual tools, with the exception of the occasional quarter-sized physical models, according to one of the four sources.

If the studio makes it to the final of the internal car design competitions, it will send designers and modelers to the main studio in Germany to create life-size models for the final round, the source said.

RULES OF THE ROAD

Daimler’s drive to boost its technological development in China also comes at a time when the cost of not keeping pace with Beijing’s policymakers has never been higher.

Beijing’s sweeping regulatory crackdown in recent months has erased billions of dollars from the value of some of the country’s best-known private companies and weighed on the auto industry.

This is in part because tensions between the United States and China have created a difficult environment for foreign companies wishing to import technologies developed elsewhere.

And from battery technology to new types of mobility, including smart connectivity and autonomous driving, Chinese policies and regulations are changing and evolving rapidly.

“If you react to the change after the policies and regulations take effect, it is too late,” said one of Daimler’s close contacts.

With this in mind, the tech center works closely with the brand’s external affairs team which keeps its finger on the regulatory pulse – and this has proven to be essential when it comes to so-called vehicle-to-vehicle technology. all, or V2X.

V2X controls communications between a car and “everything” outside, from 5G cellular signals and low-orbiting satellites to smart traffic lights and cameras on the road.

In China, vehicles will soon need full V2X capabilities to achieve a higher safety rating under a new version of its Vehicle Safety Assessment System, or New Car Assessment Program (NCAP). , which is expected in 2025.

“We knew that this regulation was going to be implemented. We started to develop these autonomous driving technologies, including V2X, to be in compliance with the new law and we did this well before the entry into force of the new regulations, “said one of the sources at the tech center.

Editing by David Clarke

Our Standards: Thomson Reuters Trust Principles.


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Our most valuable lessons from the Pandora Papers

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What may be the most interesting aspect of last week’s release of the Pandora Papers – an epic leak of information revealing hidden riches and the role of offshore financial centers in providing havens to avoid taxes and launder illicit funds – is that it tells us little that we did not already know.

The stories are certainly new and spectacular. Catholic order, dishonored by an international pedophilia scandal, secretly held nearly $ 300 million in real estate and other assets in the United States through a network of trusts and an investment firm. The funds were raised just as victims of sexual abuse sought compensation for the harm suffered.

All in all, the investigation find 206 US-based trusts with links to 41 countries. According to investigators, “Almost 30 of the trusts held assets related to people or companies accused of fraud, corruption or human rights violations in some of the world’s most vulnerable communities. We have been dramatically reminded that the litany of damage caused by these practices is real and important.

The lessons, however, are not that new. We already knew that offshore financial centers are home to more money than most people can imagine – at least 84 million accounts holding $ 11 trillion in assets in 2019. Anonymous corporate structures are the primary vehicles for moving this money across borders to safe havens. Real estate in popular markets is a magnet for secret money and money laundering. Developing countries are hit hardest by the loss of income and, more importantly, the United States and other advanced economies are constant central players in these tax evasion and money laundering schemes.

This last point, the United States as facilitator, while not revealing, is an important part of this final installment of information. Unlike previous leaks, the Pandora Papers explain the explosive growth of the dynasty trust industry in South Dakota and other states. The stories detail the facilitating role of all types of US business service providers and how they help clients hide funds.

In a recent interview with a Swiss public radio reporter, I was asked if these stories revealed some hypocrisy when US officials and bankers lectured the Swiss about financial secrecy. The Biden administration, the US Congress, and the entire US financial services industry should be embarrassed that such a question could even plausibly be asked.

For years the Financial action group, a multilateral body that sets global anti-money laundering standards, has denounced the United States over significant flaws in our financial rules. Specifically, he noted the lack of transparency and oversight over the agents who help form US companies, and our real estate and private investment markets.

The good news is that earlier this year Congress passed a bipartisan law called the Business transparency law to crack down on the abuses of anonymous front companies. This is a significant and necessary first step. In drafting the rules for implementing the law, the Biden administration must take special care to address the examples of the many stories of breach of trust highlighted by the Pandora Papers, to the best of their ability within limits. of the law.

The administration should also take this opportunity to announce plans to expand and make permanent a targeted pilot program that will hold the real estate industry accountable and help flush out dirty money laundered through US real estate. They are also expected to finalize anti-money laundering rules for the private investment sector, including private equity, hedge funds and venture capital firms, which remains a key vehicle for the industry. dirty money going into the American financial system.

The complexity created over the years by smart lawyers and other “gatekeepers” of our financial system will require additional laws to completely collapse. It will take time and bipartite support to close the loopholes exploited by these professional money laundering and corruption facilitators. In the meantime, the Biden administration already has the power to take the above actions. They just need to do what the Pandora Papers reminded us is imperative if the United States is to curb corrupt financial practices.

With the Pandora Papers, a consortium of journalists from dozens of countries has given us an even clearer picture of the architecture that sustains a secretive and destructive financial system. The United States must act on this latest scandal to capitalize on the progress and end the exploitation of offshore financial centers.

Gary Kalman is the director of the US Office of Transparency International, the world’s largest anti-corruption coalition.


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Chinese billionaire Guo Guangchang’s Fosun adds German private bank to global network

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A company controlled by one of China’s best-known billionaires bought a German private bank, adding to its international business footprint.

Hauck & Aufhäuser, a subsidiary of Fosun International, headquartered in Shanghai, has acquired German private bank Bankhaus Lampe as part of an initiative that advances Fosun’s ambitions in the global financial services industry, Fosun said. in a press release on Friday.

“The acquisition has created a new engine of growth for Fosun’s global financial ecosystem, particularly in the private banking sector,” said Wilson Jin, senior vice president and co-chief investment officer of Fosun International. Fosun, led by Chinese billionaire Guo Guangchang, acquired Hauck & Aufhäuser, or H&A, in 2016.

“Considered the ‘pearl’ in the crown of wealth management, private banking not only connects businesses and individuals, but also brings together investment banking, asset management, wealth management and other key services at the same time, “the statement noted.

Fosun also owns or invests in Fidelidade in Portugal, PeakRe in Hong Kong and the AmeriTrust group in the United States, among other financial services companies at home or abroad. In 2017, H&A acquired Sal. Oppenheim jr. & Cie. Luxembourg SA and Oppenheim Asset Management Services S.à rl. H&A acquired a majority stake in Irish Crossroads Capital Management in 2019.

The new merger, which creates an institution with more than € 200 billion in assets and administration, has been approved by financial regulatory authorities, including the European Central Bank and the German Federal Financial Supervisory Authority, has announced H&A on October 1. will be called Hauck Aufhäuser Lampe and has 1,300 employees. Fosun did not say what H&A paid for Bankhaus Lampe.

In Germany, Fosun is a co-investor in composite parts maker Koller, flexible automatic production line solution provider FFT and fast fashion brand Tom Tailor. Fosun Pharmaceutical, the pharmaceutical arm of Fosun International, is teaming up with Germany’s BioNTech for its COVID-19 vaccine in China.

Fosun, founded in 1992, has been one of the most active international investors in China over the years in companies ranging from Club Med to Lanvin.

Guo is now worth $ 5.7 billion on Forbes’ Realtime Billionaire List. Fosun International ranked # 459 on the Forbes Global 2000 2021 list.

See related articles:

Acting globally: Fosun’s Guo Guangchang on lessons from the Covid-19 pandemic

Club Med owner Fosun Tourism says first half loss has widened

@rflannerychina


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New Washington Park store features products from Chicago entrepreneurs

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CHICAGO – In the shadow of the Green Line on Garfield Boulevard in Washington Park, the L-1 is now open for business.

“This is where all of my inventory can live and I’m really excited,” said Peter Gaona, owner of ReformedSchool.

Gaona started ReformedSchool in 2013, but now it shares a physical location.

“ReformedSchool is an eco-friendly fashion brand that uses fashion and accessories to teach Black and Latinx history while using sustainable, eco-friendly products. It started out as a side business at first and turned into two full-time jobs, ”Gaona said.

Gaona’s collection includes clothing, enamel pins and home decor items, blending past and present.

“It was a way to engage people and start conversations about race and what’s going on in the world,” Gaona said.

Gaona is one of three local entrepreneurs who share the space.

You can also purchase Hemp Heals bodywork products from owner Tiffany Joi and Solo Noir for Men and Zen Soul Apothecary products from Andrea Polk.

They are the first group selected as L-1 fellows, receiving support and mentorship to help them grow their businesses. The newly renovated retail space is part of the arts block, managed by Arts and Public Life, an initiative of the University of Chicago.

“At APL, our mission is to really tie all of these things together, economic development, social development, cultural development and preservation,” said Adrienne Brown, Director of Arts and Public Life.

Community leaders gathered on Saturday to celebrate the 10th anniversary of the arts and public life and the opening of L-1, which has been delayed due to the COVID-19 pandemic.

“We’re excited to be back in person, to have people coming together to bring people together physically, socially and joyfully to celebrate and rediscover what it means to be together as a community,” said Brown.

Gaona, who lives nearby, said he was excited about the possibilities.

“The felt I used is made from recycled plastic bottles. I would love to see my items in more gift shops and museums across the country. I think the educational component is so important because when you wear something you should be able to know what it means and tell other people about it, ”Gaona said.

L-1 is located in the 300 block of East Garfield Boulevard and is open 11 a.m. to 7 p.m. Tuesday through Saturday.


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Analog Devices, Inc. (NASDAQ: ADI), (ASAN) – Notable insider buys last week included Asana, Designer Brands, Evergy, and more.

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  • Insider buying can be an encouraging signal to potential investors, especially when the markets are uncertain.
  • The most notable insider buys of the week were made by returning buyers.
  • A chief executive officer and chairman of the board were among the notable insiders who increased their stakes.

Conventional wisdom says that insiders and 10% owners actually buy a company’s stock for one reason only: they believe the stock price is going to rise and they want to profit from it. Thus, insider buying can be an encouraging signal to potential investors, especially when there is uncertainty in the markets or when the markets are near their all-time highs.

Note that with the start of a new earnings season, windows for insiders to buy or sell stocks close. Here are some of the more notable insider buys that have been reported over the past week.

CEO Dustin Moskovitz of Asana Inc (NYSE: ASAN) returned to the buy window last week to acquire more than 253,800 additional shares of the San Francisco-based tech company. At stock prices ranging from $ 98.67 to $ 100.00, it cost him over $ 25.38 million. Moskovitz bought 250,000 shares the week before and over 760,000 in September. The stock finished last week at $ 105.45 per share, more than 5% above the top of the latest buy price range.

Sensitive Technology Society (NYSE: SXT) saw one beneficial owner continue a buying streak dating back to late August. The more than 61,700 stocks most recently picked up totaled more than $ 5.7 million, with per share prices of $ 91.04 to $ 94.46. The owner’s stake in the food and cosmetic ingredients maker stands at more than 5 million shares, compared to approximately 42 million shares outstanding. The stock was last seen at $ 89.16 per share.

Last week a Evergy Inc (NYSE: EVRG) indirectly purchased about 60,000 additional shares of the Kansas City-based power producer. At $ 61.64 to $ 63.48 apiece, the cost of these actions was approximately $ 2.77 million. Note that this director also recovered nearly $ 5 million in shares the previous week. However, the stock finished last week at $ 62.01 per share, near the bottom of the latest buy price range.

The purchase of over 197,000 Designer Brands Inc (NYSE: DBI) Shares of Jay Schottenstein, chairman of the board, priced from $ 13.87 to $ 14.00 a piece totaled over $ 2.75 million. Its stake of over 1.8 million shares also makes it a 10% owner. Note that other executives sold 100,000 shares recently. Shares of the shoe company ended the week at $ 13.72 per share, below the buy price range above.

See also: 4 stocks that insiders sell

Some other important insider buys reported last week:

  • Spero Therapeutics Inc (NASDAQ: SPRO) the beneficial owner purchases more than 134,500 shares for more than $ 2.5 million.
  • Cheniere Energy Partners LP (AMEX: CQP) the beneficial owner buys more than 44,500 shares for more than $ 1.8 million.
  • Analog devices, Inc. (NASDAQ: ADI) the director buys about 8,000 shares for more than $ 1.3 million.
  • CIM Commercial Trust Company (NASDAQ: CMCT) Three directors buy nearly 79,800 shares for about $ 710,000.
  • MaxLinear, Inc. (NYSE: MXL) An executive buys about 10,400 shares for more than $ 499,700.

At the time of this writing, the author has no position in the mentioned stocks.

Keep up to date with all the latest trading news and ideas by following Benzinga on Twitter.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.



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6 Things You Should Buy Now For The Holidays – Or Risk Not Getting Them Due To Supply Chain Issues

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MarketWatch has promoted these products and services because we believe readers will find them useful. We may earn a commission if you purchase products through our links, but our recommendations are independent of any compensation we may receive.

It may not be until early October, but due to major supply chain issues, labor shortages and other issues, economists and other experts expect delays in significant shipping, higher shipping costs, and product shortages during the holiday season. Indeed, several US ports are already facing record backlogs, there are not enough freight containers to ship everything and many retailers cannot meet consumer demand. “Buyers don’t wait until Black Friday to shop because they feel items are likely to run out. And because so many people have a head start, we would expect to see more sales start early and less focus on a particular day like Black Friday, ”says Kimberly Palmer, personal finance expert at NerdWallet. We can already see it: on October 4, Amazon launched its “Epic Daily Deals” for the holidays, as well as its Holiday Prep Shop. Walmart has also started carrying a lot of deals, and Target announced that its price match guarantee will begin on October 10.

In particular, these are things that you might want to buy as soon as possible.

Game consoles

If you are looking for a new game console like a PS5 or Xbox Series X, this can be difficult. This is thanks to a global chip shortage impacting electronics manufacturers, which could last until 2023. At the time of writing, Walmart had Playstation 5s in stock, but plenty of places. were exhausted.

Toys

Thanks in part to shipping container shortages and port blockades, toys are among the most common items from China that are stranded at sea. Ramhold said: “The toy makers knew there would be problems. supply for this holiday season and they weren’t silent, they began to warn consumers that the year was going to be tough for toys. Many manufacturers were already ramping up production in an attempt to keep up with demand, but the toy supply will be subject to the same shipping delays and labor shortages as other industries. Here is Amazon’s list of the most popular toys of 2021.

Books

Julie Ramhold, consumer analyst at DealNews, said the authors warned that publishers would struggle to print more copies of books, in part because of supply chain disruptions, but also because of a labor shortage. “As such, many authors encourage readers to pre-order the books they are most interested in, or if they are already out, then go ahead and buy copies now. Otherwise, there’s a good chance that if you try to buy closer to the holidays, you might not be able to get this bestseller until next year, ”says Ramhold. Here are the best-selling books on Amazon and its publisher’s picks.

Shoes and clothing

Big companies like Nike and Adidas have warned of major shortages this holiday season, with pandemic lockdowns lowering the productivity of their Vietnam-based factories. (You can buy the Nike products available here and the Adidas products available here.) Nike notes on its website that even with advance purchase, the extended shipping times have been changed to account for factory delays. McGrath says, “Southeast Asian countries like Vietnam and Indonesia handle a lot of global manufacturing and unfortunately these countries are also overwhelmed by Delta surges that are affecting factory capacity. to operate.

And in general, the clothing industry has experienced significant shortages since the start of the pandemic, with factories closing and supply constraints presenting supply issues. Kristin McGrath, shopping expert at BlackFriday.com, says brands have worked hard to find other ways to produce and bring their products to the consumer. “However, it’s still likely that we’ll see less clothing supply and higher prices, which means you should order these items as soon as possible,” McGrath explains.

Decor

The holiday decoration will be one of the items that you are better off buying when you see something rather than waiting for it to go on sale as there is no guarantee that it will be restocked. “We have already seen Halloween items slower to arrive in some areas and we expect other seasonal items related to the winter holiday season to experience the same issues. Warehouse stores like Costco have already put winter holiday decorations on the shelves, but once they are sold they often won’t be restocked, ”says Ramhold.