Nov 30 (Reuters) – Performance Sports Group Ltd
said bankruptcy courts in the United States and Canada have
approved the stalking horse bid for the company, made by Sagard
Capital Partners LP and…
Samsung has announced road map for a corporate restructuring that might include splitting itself into two. The company has retained external advisors to review the optimal corporate structure for its activities. The review is expected to take six months. Depending on the findings, Samsung may create a holding company structure and might list its shares on additional international exchanges.
* Performance Sports Group receives court approval of the
“stalking horse” purchase agreement, bidding procedures and U.S.
$386 million in new DIP financing
Use the same process a famous copywriter used to get down to work and write great ad copy every single time you try.
THE hero of Nick Hornby’s novel, “High Fidelity”, cannot get enough of vinyl records. By day Rob Fleming runs a record shop where he spends his time sampling the stock and constructing fantasy compilations with his equally obsessive assistants. By night he moons over his favourite songs. “Is it so wrong, wanting to be at home with your record collection?” he asks himself. “There’s a whole world in here, a nicer, dirtier, more violent, more peaceful, more colourful, sleazier, more dangerous, more loving world than the world I live in.”
Rob is an example of what management gurus dub “super-consumers”, “lead consumers” or “high-passion fans”. Only a tenth of customers are super-consumers but they account for 30-70% of sales, an even greater share of profits and almost 100% of “customer insights”, says a new book, “Super-Consumers”, written by Eddie Yoon of the Cambridge Group, a consultancy.
These people are not defined simply by the amount of stuff they buy (though they tend to be heavy users), but by their attitude to the product. Like Rob, they regard the things that they consume as answers to powerful…Continue reading
The government Down Under has made cannabis legal for the ill but regulatory hurdles seem likely to make genuine access difficult.
Developing a community outreach program is an excellent way to gain local traction and enhance visibility without breaking the bank.
Choosing your medium — text or in-person? — and keeping your message decisive and focused are just two of the key strategies.
Amazon is developing a premium version of its Alexa-powered Echo speaker, which will have a 7-inch touchscreen, in a bid to stave off competition from Google and other companies developing rival offerings, Bloomberg reported Tuesday. Designed for use in the kitchen, the new device would have an upward-tilting touchscreen that would permit a user to swipe controls from a standing position.
Mentorship programs benefit employees as well as company culture and profits.
Always listen to your gut when it says, “This whole thing seems too good to be true.” And school yourself on “419” scams.
* Magor Corporation files a Notice of Intention to Make a
Proposal under the Bankruptcy and Insolvency Act (Canada)
Counsel your employees: Next time they encounter email claims that “payment is overdue” or your company is “in litigation,” don’t open any links!
The economy would gain $160 billion in business sales and $21 billion in tax revenue if workers used all their available vacation.
If a quesadilla wasn’t cheesy enough for you, Taco Bell has found a solution.
* Restructured its balance to reduce its debt from
approximately $400 million to just over $100 million
LONDON, Nov 30 (IFR) – UK banks’ Additional Tier 1 bonds
would be fair game and converted into equity if they hit severe
problems, the Bank of England’s most stringent stress tests yet
“Account-based marketing is really about marketing to the accounts that are aligned with your sales team,” said Demandbase CEO Chris Golec. It’s been done for years, but today there’s a whole technology and practice around being able to market to accounts at scale, and this wasn’t possible until about four or five years ago. It’s a focused, targeted marketing approach.”
There are so many different ecommerce platforms available. So which ecommerce solution best fits your needs? That’s a tough question to answer. ESV Digital partnered with NBS System to help retailers, brands, pure players and B2B companies choose the best ecommerce platform. The two companies wrote a whitepaper in which Continue reading
China’s parliament earlier this month passed a law aimed at addressing the country’s concerns about hacking and terrorism, which has spiked concerns among foreign businesses and human rights advocates. One interpretation of the new law is that it only codifies China’s existing cybersecurity practices. However, 46 global business groups across a variety of industries didn’t see it that way.
SOMETIMES an analogy strikes you on the head with the force of a plummeting cricket ball. On Radio 4 yesterday, Hamish Johnson, editor of physicsworld.com, had the brilliant insight to explain the British government’s policy in terms of physics; Schrödinger’s Brexit.
The poor cat is stuck in a box with a radioactive substance and a poison; when the substance decays, the poison is released. Since it is impossible to predict when the substance will decay, the cat may be deemed simultaneously alive and dead. The only way to know is to open the box.
Before Britain voted to leave the European Union in June, then prime minister David Cameron promised to trigger Article 50 (the exit mechanism) immediately. Five months on, Article 50 has yet to be triggered. The new prime minister, Theresa May, has promised to do so by the end of March. But in terms of what Britain wants, we have heard nothing but platitudes: “Brexit means Brexit”, or “have our cake and eat it”. Pushed for details, Ms May has said there will be “no running commentary” on negotiations. In fact, it is quite easy to do a running…Continue reading