Business

SMCP’s Daniel Lalonde Draws Up New Plans for Business

Click here to read the full article.

PARIS — Who’s hankering for a return to normal? Not Daniel Lalonde. The chief executive officer of SMCP, the group behind accessible luxury labels Sandro, Maje, Claudie Pierlot and De Fursac, is not looking back — the world has changed. He’s developing a business plan for the new order.

The group reported a 45.8 percent decline in second quarter sales to 265.7 million euros, reflecting the steep impact of coronavirus shutdowns and slow path to recovery, with the sharpest declines coming from the Americas. Across France, its biggest market, and the rest of Europe and the Middle East region, sales were down 46 percent and 54.9 percent, respectively. The Asia Pacific region clocked the best performance, down 19.5 percent, with the company flagging that growth returned to China in June.

“My objective is not to return to the performance and levels of 2018

Read More

PPP part 3? Everything you need to know about the proposed expansion of the small business loan program

Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today.

The emergency funding program for small businesses may be getting a revamp via a new proposal—but this time, loans would only go to the smallest, hardest-hit businesses.

Senate Republicans Marco Rubio (R-FL) and Susan Collins (R-ME) released a new proposal late Monday that would give small, struggling businesses the option to take out an additional Paycheck Protection Program loan, tapping $190 billion in funds Congress would provide under the proposal.

Sen. Rubio urged Congress to “take action to help industries and businesses, especially minority-owned small businesses and those in low-income communities, that have been hit hard by the COVID-19 pandemic,” he said in a statement. He earlier teased the proposal last week, saying in a video on Twitter that the new eligibility requirements would help ensure that “the

Read More

Discovery Sets Business Format With New Model From Shopify Studios & Wheelhouse’s Spoke Studios

Click here to read the full article.

EXCLUSIVE: Discovery Channel is launching new business format I Quit, with a slew of entrepreneurs risking it by giving up their jobs to follow their passions.

However, the business model behind the show, which launches Tuesday August 18, may be the real point of interest for producers.

More from Deadline

The show comes from Shopify Studios, the television production and financing arm of the global online commerce service, and Wheelhouse Entertainment’s Spoke Studios. It was financed and produced by these companies before being picked up by the factual broadcaster, which unusually has just taken U.S. rights rather than full global rights to the format.

I Quit follows six sets of hopeful entrepreneurs as they leave their steady incomes and retirement plans behind, going all in on their dreams of launching their own businesses. Along the way, they will be mentored by

Read More

Lysol sales surge as the condom business goes limp under lockdown, consumer goods giant reports

Reckitt Benckiser Group Plc said Covid-19 has prompted consumers and companies to make lasting improvements in their cleaning routines, boosting prospects for future sales of its disinfectants and sanitizers.

Lysol sales surged about 70% in the first half in North America, and professional demand has been so strong that the U.K. consumer-goods maker set up a business to meet demand from new clients including Hilton, Avis and Delta. 

A new era of cleanliness has begun, according to the company. Once a consumer adopts new behaviors such as consistent and thorough hand washing for more than two months, the habits stick.

“Covid-19 is likely to be with us for the foreseeable future and, as a society, we are embedding new hygiene practices to protect our way of life,” Chief Executive Officer Laxman Narasimhan said.

Reckitt said Tuesday it expects the boom in its cleaning brands, which also include Sagrotan handgel, will

Read More

QuickBooks Essentials is business accounting on the go. Right now, it’s almost 40% off

TLDR: A one-year subscription to QuickBooks Essentials gives you online access to all of your company’s financial information and payment operations anywhere.

Remember when companies used to have on-staff accountants? You know, the bean counters who used to crunch all the numbers, chase all the outstanding accounts, and make sure there was still enough cash at the end of the week to get everyone paid? Wasn’t that a great time?

Today, there aren’t a lot of companies that can afford the luxury of a full-time accountant anymore. And it shows. Especially when more than eight out of every 10 businesses are failing due to poor cash flow management.

That’s a frightening statistic for all those business owners who have to go it alone battling the books these days. Considering the importance of your day to day solvency, money managers need access to all their accounts and ledgers 24/7/365 with a

Read More

Search is on to fete achievements amid hard times as nominations open for 2020 DHL/SCMP Hong Kong Business Awards

The nomination process has commenced for the 31st annual DHL/SCMP Hong Kong Business Awards (HKBA) to honour outstanding management, corporate and entrepreneurial achievements in the city.

The awards, the highlight of Hong Kong’s corporate life since 1990, will honour achievements in six categories this year: Business Person of the Year, Executive of the Year, SME of the Year, Start-up of the Year, International Award and Enterprise Award. A seventh award may be given at the judges’ discretion to honour a nominee with exceptional accomplishments over a lifetime’s work.

Nominations, which can be accessed online herewill close at the end of business on Monday October 5 for the judging of the entries to take place on Tuesday November 3.

“We at DHL Express are excited to be honouring Hong Kong’s business leaders and companies who have shown resilience amid current challenges,” said Chee Choong Ng, Senior Vice President and Managing Director

Read More

How To Get Into Columbia Business School

Columbia Business School

If you want to get into Columbia Business School’s MBA program, you might want to highlight your leadership potential and any engagement you’ve had with the CBS community.

Elizabeth Kiefer, of Business Insider, recently spoke to Columbia alumni and admissions officers about what the b-school seeks in applicants and how prospective applicants can bolster their applications.

SEEKING LEADERS

CBS seeks applicants who have leadership potential and can show examples of that potential.

One of the areas where applicants can highlight this is through recommendation letters.

“When I read your recommendation, [and] it’s from an expert practitioner who is your boss, does that person say: ‘I’ve been in this space for 10 to 20 years, [and] this is why I think she has the potential to be a leader in the future because this is what I’ve seen her do’?” Michael Robinson, the director of admissions at

Read More

‘I started a fashion business from two suitcases’

The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to Rwandan fashion designer Joselyne Umutoniwase.

In 2010, Joselyne Umutoniwase took a bold decision. She had been working as a film editor for five years but decided to follow her dream of becoming a fashion designer.

She made her first fashion collection and when she travelled from her home in Rwanda to Germany for a film scholarship, she took two suitcases stuffed with tops, skirts and dresses.

“The young Germans were fascinated about the style and the colourful African wax prints,” she says.

She sold the whole collection in three months.

“I didn’t know that I could earn serious money with selling my own creations,” she says from her business in Kigali.

Joselyne bought cheap second-hand items and “separated all the parts to find out where the seams were and how these

Read More

Business groups call for action on fraudulent social media ads

Some fake adverts receive 250,000 views before they are identified as selling counterfeit goods, says new report. Photo: Getty
Some fake adverts receive 250,000 views before they are identified as selling counterfeit goods, says new report. Photo: Getty

Business groups are calling on social media platforms to tackle fake adverts selling counterfeit goods.

Some 70 major brands have been targeted by false ads on Facebook (FB), Instagram, YouTube and Google (GOOG) according to a report by the Transnational Alliance to Combat Illicit Trade (TRACIT) and the American Apparel and Footwear Association (AAFA).

The fake adverts can receive up to 250,000 views before they are detected says the report.

 “It’s alarming that people are exposed to fraudulent advertisements for counterfeits while they’re thumbing through their social media accounts,” said TRACIT director general Jeffrey Hardy.

“The ads are so professional that they easily deceive consumers into thinking they’re getting a great deal. Instead, they’re being diverted to a rogue website that was built specifically to sell and distribute counterfeits.”

The report

Read More

Business groups urge for action on fake social media ads

Some fake adverts receive 250,000 views before they are identified as selling counterfeit goods, says new report. Photo: Getty
Some fake adverts receive 250,000 views before they are identified as selling counterfeit goods, says new report. Photo: Getty

Business groups are calling on social media platforms to tackle fake adverts selling counterfeit goods.

Some 70 major brands have been targeted by false ads on Facebook (FB), Instagram, YouTube and Google (GOOG) according to a report by the Transnational Alliance to Combat Illicit Trade (TRACIT) and the American Apparel and Footwear Association (AAFA).

The fake adverts can receive up to 250,000 views before they are detected says the report.

 “It’s alarming that people are exposed to fraudulent advertisements for counterfeits while they’re thumbing through their social media accounts,” said TRACIT director general Jeffrey Hardy.

“The ads are so professional that they easily deceive consumers into thinking they’re getting a great deal. Instead, they’re being diverted to a rogue website that was built specifically to sell and distribute counterfeits.”

The report

Read More