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LVMH Prize Winner Thebe Magugu Launches Online Store

PARIS — Winning the LVMH Prize for Young Designers last year should have propelled Thebe Magugu on a fast-track to expansion. Instead, the designer has found himself navigating choppy waters as the coronavirus pandemic has upended relationships between retailers and labels.

The silver lining? The drop in wholesale orders has prompted the South African brand to speed up the launch of its e-commerce site, which goes live today alongside Magugu’s fall 2020 campaign shot by Travys Owen.

Designed by London-based branding consultancy Commission Studio, which created the visual identity for Rihanna’s Fenty label and built by digital agency Official Business, ThebeMagugu.com is inspired by the front-end look of .edu web sites, reflecting Magugu’s tradition of naming his collections after university courses.

“I wanted to make an open invitation into my universe — making it more tangible and accessible,” he said.

In the Collections menu, the spines of books bear the

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Benzinga Launches The Industry’s Most Comprehensive Cannabis Business Network

Benzinga, the leader in cannabis industry news and events, with a focus on business and finance, has launched the Benzinga Cannabis Network. The network will allow companies to make new connections and attract new business, while showcasing their products and services.

The network is the largest and most comprehensive cannabis industry business database built to date. Coverage includes everything from dispensaries, to public companies, to professional service providers — like accountants, payment processors, and marketing agencies, to name a few.

“The cannabis industry is growing rapidly and the companies supporting that growth are looking at ways to stand out from their competition,” said Jason Raznick, CEO and Founder of Benzinga. “We created the Benzinga Cannabis Network as a way for cannabis businesses to have a better online presence and ultimately have an effective way to make connections and promote their services.”

Benzinga’s listings include all of the important information about

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Brentwood’s Diesel bookstore launches a GoFundMe as more stores struggle through pandemic

Diesel bookseller Lynn Aime makes a sale next to a sign asking customers to contribute to the shop's GoFundMe. <span class="copyright">(Genaro Molina / Los Angeles Times)</span>
Diesel bookseller Lynn Aime makes a sale next to a sign asking customers to contribute to the shop’s GoFundMe. (Genaro Molina / Los Angeles Times)

Next to a bottle of hand sanitizer, on a table at an entrance to Brentwood’s Diesel bookstore, is a message to customers describing an existential crisis induced by a pandemic. It says, in essence: We need your help.

“We have tried to weather this storm, with creative reinvention, hard work, and perseverance, as we always have,” reads the note from Diesel owners Alison Reid and John Evans. “We’ve managed to keep our booksellers afloat financially and with the necessary health care. But at this point, our stores are foundering.

“… So we are asking for your support to restore us to a sustainable level, to make it through this taxing time… We have resisted this appeal to our wider community, but now we are running

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Behold Launches Outfit-driven Shopping Platform

Behold, an outfit-driven shopping app that learns what customers like, will launch today, combining women’s contemporary brands, stylists and artificial intelligence.

The platform is cofounded by Terry Boyle, previously president of Nordstromrack.com, Trunk Club and HauteLook. Behold’s merchandising strategy is spearheaded by Julie Gilhart and Tomoko Ogura, president and consulting partner, respectively, of Tomorrow Consulting. Between them, they have 18 and 12 years, respectively, leading fashion and merchandising at Barneys New York.

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The site will combine professional stylists including Micaela Erlanger, Becca Gross, Jill Lincoln and Jordan Johnson, and Tara Swennen with Behold’s patented “Smart Collab” AI platform, which uses machine learning to understand an individual shopper’s preference.

“After so many years in the e-commerce business, I know firsthand that the model is officially broken, and that’s because it was built to serve retailers. As a result, it’s not rewarding or fun for shoppers and it’s increasingly

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11-year-old with an entrepreneurial spirit launches his own car detailing business

Jabre Dutton has only been in business for about a month, but he is already planning big things for Jabre’s Car Cleaning Service.

The 11-year-old Philadelphia resident launched his car detailing business in August, after he told his mom, Sabrina Dutton, that he wanted money to make in-app purchases for his favorite game. She talked to him about credit, and Dutton told ABC 6 that’s when he decided “to start taking my money very seriously.”

He works on Saturdays and Sundays, with customers making appointments online. Dutton goes to each client’s home, where he cleans their car interiors while taking strict safety precautions. Word of the good work he does has spread, and he’s already booked through October.

Dutton told ABC 6 his hope is that once the pandemic is over, he can open up his own facility and welcome more customers. As it is now, he is enjoying earning

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Amazon launches online pharmacy in India

Online retail giant Amazon has launched an internet pharmacy in India, marking its entry into the country’s online medicine market.

Amazon Pharmacy will make its debut in Bangalore and it may be trialled in other Indian cities.

The move comes as the online drugs business has been given a major boost during the coronavirus pandemic.

This year US technology giants have invested billions of dollars in the Indian economy.

The Amazon Pharmacy service offers prescription, over-the-counter and traditional Ayurveda medication as well as basic health devices.

“This is particularly relevant in present times as it will help customers meet their essential needs while staying safe at home,” an Amazon spokesperson said.

Amazon started its move into pharmaceutical retailing in 2017. The following year it bought US-based home delivery medications startup PillPack.

At the end of last year, the company introduced its Amazon Pharmacy branding to PillPack’s service.

In January, Amazon

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CRA launches new tool to help businesses through COVID-19

(REUTERS)
(REUTERS)

The Canada Emergency Wage Subsidy (CEWS) hasn’t gotten the uptake Ottawa hoped for, with businesses calling it restrictive and confusing. Now, there’s a new tool to help businesses take advantage of the emergency benefit to help Canadians make ends meet through COVID-19.

The Canada Revenue Agency (CRA), with the help of the Canadian Federation of Independent Business (CFIB), launched a new and improved online calculator to help all types of businesses apply for the next period of the CEWS program, which opens for applications on August 17. 

CEWS covers 75 per cent of the wages of workers at companies

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Russia’s Sberbank Launches Blockchain on Hyperledger, Mulls Stablecoin in 2021

Sberbank, Russia’s biggest consumer bank, is launching a blockchain platform built on Hyperledger Fabric, potentially with its own stablecoin. 

The blockchain system is designed for trade finance transactions, including exchanging letters of credit, the bank’s press representative told CoinDesk Thursday. 

Anatoly Popov, Sberbank’s deputy chair, told the Russian newspaper Vedomosti on Wednesday the bank is also planning to launch its own stablecoin, pegged to the price of the ruble, that could be used to buy digital assets.

Related: Russian Voters’ Data on Sale After Blockchain Poll to Keep Putin in Power: Report

However, Sberbank’s press office told CoinDesk there is no concrete plan for the stablecoin yet. The bank is waiting for a new digital assets law to come into force in January 2021, and after that will talk to its partners and make the final decision. 

Russian President Vladimir Putin signed the first of two bills on digital assets

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Google-Fitbit takeover: EU launches full-scale probe

Google Fitbit
Google Fitbit

The European Commission will carry out a full-scale probe into Google’s takeover of Fitbit.

The announcement follows a preliminary review, and threatens to derail the purchase of the fitness-tracking firm.

It comes despite Google’s offer last month to not use Fitbit’s health data for ad targeting.

Google’s parent company Alphabet agreed a $2.1bn (£1.6bn) takeover of the wearable tech firm last year. However, the deal has yet to be completed.

“The commission is concerned that the proposed transaction would further entrench Google’s market position in the online advertising markets by increasing the already vast amount of data that Google could use for personalisation of the ads it serves and displays,” the regulator said.

The watchdog said its investigation should be completed by 9 December.

In response, the tech giant said it would cooperate with the process.

“We appreciate the opportunity to work with the European Commission on an

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Elrond Mainnet Launches With a New Bitcoin-like Token Model and Maiar App

Elrond’s mainnet has successfully launched, ushering in an era of high-speed dApps and scalable crypto payment technology. The blockchain’s developers have wasted no time in refining components of Elrond’s architecture, starting with an enhanced token model. Elrond has also announced details of the first app to go live on its mainnet, available on mobile devices. Maiar is an easy-to-use application that facilitates ERD transactions between users, and will offer features such as staking, lending and progressive security. The app launched on July 30 for early sign-ups and will fully open to the public within the next month.

Traditional payment stocks are already feeling the competitive pressure brought by the newcomers like Elrond. Last month Western Union (NYSE:WU) made an offer to buy MoneyGram in order to be able to better compete with the digital payment start-ups. Western Union hopes that joining its network of tens of thousands of agent locations

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