Business

How This Luxury Sneaker Consignment Store Is Opening New Locations to Pandemic Proof Its Business

Opening one new store in an economic tail spin is no mean feat. But Presentedby is opening three — and counting.

The premium sneaker consignment store launched its first new location in Paris’ luxury Le Bon Marché department store today. The second, in Mexico City, will follow next month and the third at Level Shoes in the Dubai Mall is set for October.

This morning, FN got exclusive early access to the new Art Deco-style Paris space before it opened to admit the queue of sneakerheads quickly forming outside.

The biggest ticket items here are Dior’s sellout Jordan collaboration, according to Riz Ahmed, co-founder of parent company Crep Protect. Following their release in late June, a limited run of 13,000 pairs at around $2,000 a pop, the resale price is approximately $10,000. (According to Ahmed, prices climb to $25,000 for smaller and larger sizes.)

Elsewhere, the Sean Wotherspoon Nike Air

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Should Your Business Get a Merchant Cash Advance?

Owner of a flower growing business

credit rating and collateral requirements for MCAs are much looser than other types of business loans, they are also much more expensive. A business that gets an MCA is selling its future credit card receivables. The company providing the financing will get repaid by taking a fixed percentage of the business’s daily credit card sales. Here’s what you need to know to determine if your business needs this kind of loan.” data-reactid=”25″A merchant cash advance (MCA) is an alternative form of financing for companies that need cash fast but lack credit and, thus, access to conventional business loans. Although credit rating and collateral requirements for MCAs are much looser than other types of business loans, they are also much more expensive. A business that gets an MCA is selling its future credit card receivables. The company providing the financing will get

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How to Get a Business Loan in 8 Steps

Man standing in front of chalkboard with drawings of money bags and question marks
Man standing in front of chalkboard with drawings of money bags and question marks

Many businesses and entrepreneurs borrow money at some point to cover various costs. While going into debt has a bad reputation in some circles, business loans are time-tested tools for achieving business success. If the borrower can generate a greater return on the money than the lender is charging to lend it then a loan can be an appropriate financial move. Here’s what you need to know about getting a business loan.

Before Applying for a Business Loan

The business lending landscape is large and complex, with many players and unfamiliar jargon. For a first-time business borrower the process can seem confusing and intimidating and a great deal of work. There are key steps to take before you actually apply for a loan. There also are several things to be mindful of when you apply and

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How This Luxury Sneaker Consignment Business Is Opening New Stores to Pandemic Proof Its Business

Opening one new store in an economic tail spin is no mean feat. But Presentedby is opening three — and counting.

The premium sneaker consignment store launched its first new location in Paris’ luxury Le Bon Marché department store today. The second, in Mexico City, will follow next month and the third at Level Shoes in the Dubai Mall is set for October.

This morning, FN got exclusive early access to the new Art Deco-style Paris space before it opened to admit the queue of sneakerheads quickly forming outside.

The biggest ticket items here are Dior’s sellout Jordan collaboration, according to Riz Ahmed, co-founder of parent company Crep Protect. Following their release in late June, a limited run of 13,000 pairs at around $2,000 a pop, the resale price is approximately $10,000. (According to Ahmed, prices climb to $25,000 for smaller and larger sizes.)

Elsewhere, the Sean Wotherspoon Nike Air

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The Big Business attack on California’s landmark privacy law moves to the ballot box

Back in 2018, after years of consumers’ privacy rights being trampled by businesses with the indulgence of the federal government, California enacted its own consumer privacy law.

The California Consumer Privacy Act is a landmark. It gives Californians greater privacy protection than consumers anywhere this side of Europe.

a ballot initiative to strengthen the law and inoculate it from the mischief of business lobbies.” data-reactid=”25″But it’s imperfect and vulnerable to gutting by business interests working their magic in the state Legislature. So Alastair Mactaggart, the wealthy real estate investor behind the privacy law, has put up a ballot initiative to strengthen the law and inoculate it from the mischief of business lobbies.

The law is so new we don’t know what’s working and what’s not working.

Mary Stone Ross, opponent of Proposition 24, which would strengthen state privacy law

It will appear on the November ballot as Proposition 24.

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Many small business rely on the US Postal Service to compete, stay afloat

An attack on the U.S. Postal Service is an attack on America’s small businesses.

cuts made to the agency by President Donald Trump-appointee Postmaster General Louis DeJoy has focused on potential effects on the upcoming election, it’s important to note the effect these reductions will have on the health of our country’s small businesses.” data-reactid=”27″While media attention on cuts made to the agency by President Donald Trump-appointee Postmaster General Louis DeJoy has focused on potential effects on the upcoming election, it’s important to note the effect these reductions will have on the health of our country’s small businesses.

overwhelmingly depend on the Postal Service for their shipping, and in a world of online shopping, intensified by the pandemic, the USPS is even more important for small businesses. Indeed, many small businesses would go out of business if it weren’t for USPS.” data-reactid=”28″Small businesses overwhelmingly depend on the

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What Is a Business Line of Credit?

Business owners take out a line of credit

line of credit is a financing tool that provides firms with advantages not available from business credit cards or term loans. Unlike loans, business lines of credit let companies borrow only what they need and only get monthly bills if they draw on the credit line. Unlike credit cards, business lines of credit offer easier access to cash and lower interest rates. These lines of credit can be part of an overall approach to capital access and cash flow management that includes terms loans and business credit cards.” data-reactid=”25″A business line of credit is a financing tool that provides firms with advantages not available from business credit cards or term loans. Unlike loans, business lines of credit let companies borrow only what they need and only get monthly bills if they draw on the credit line. Unlike credit cards,

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Estee Lauder’s Price Target Raised to $233 on Strong Skincare Business, $275 in Best-Case Scenario: Morgan Stanley

Estee Lauder’s, one of the world’s leading manufacturers and marketers of quality skincare, price target was raised to $233 from $196, largely driven by expectations of higher growth in the skincare business, according to Morgan Stanley equity analyst Dara Mohsenian, who also said key value drivers will remain intact in the long-term post-COVID-19 crisis.” data-reactid=”19″Estee Lauder’s, one of the world’s leading manufacturers and marketers of quality skincare, price target was raised to $233 from $196, largely driven by expectations of higher growth in the skincare business, according to Morgan Stanley equity analyst Dara Mohsenian, who also said key value drivers will remain intact in the long-term post-COVID-19 crisis.

Estee Lauder’s shares traded about 3% higher at $212.59 on Monday. The stock gained more than 50% since March low and is up over 3% so far this year.

On August 20, the Estee Lauder reported net sales of

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To-go drinks an elixir for public, a lifeline for business

DETROIT (AP) — The coronavirus is shaking up America’s liquor laws.

At least 33 states and the District of Columbia are temporarily allowing cocktails to-go during the pandemic. Only two — Florida and Mississippi — allowed them on a limited basis before coronavirus struck, according to the Distilled Spirits Council of the United States.

Struggling restaurants say it’s a lifeline, letting them rehire bartenders, pay rent and reestablish relationships with customers. But others want states to slow down, saying the decades-old laws help ensure public safety.

Julia Momose closed Kumiko, her Japanese-style cocktail bar in Chicago, on March 16. The next day, Illinois allowed bars and restaurants to start selling unopened bottles of beer, wine and liquor, but mixed drinks were excluded.

Momose spent the next three months collecting petition signatures and pressing lawmakers to allow carryout cocktails. It worked. On June 17, she poured her first to-go drink: a

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Business partner of Falwells says he had long affair with evangelical power couple

By Aram Roston

WASHINGTON (Reuters) – In a claim likely to intensify the controversy surrounding one of the most influential figures in the American Christian conservative movement, a business partner of Jerry Falwell Jr has come forward to say he had a years-long sexual relationship involving Falwell’s wife and the evangelical leader.

Giancarlo Granda says he was 20 when he met Jerry and Becki Falwell while working as a pool attendant at the Fontainebleau Miami Beach hotel in March 2012. Starting that month and continuing into 2018, Granda told Reuters that the relationship involved him having sex with Becki Falwell while Jerry Falwell looked on.

Granda showed Reuters emails, text messages and other evidence that he says demonstrate the sexual nature of his relationship with the couple, who have been married since 1987. “Becki and I developed an intimate relationship and Jerry enjoyed watching from the corner of the room,”

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