Why the U.S. government is coming for Amazon, Google, Facebook, and Apple

Why the U.S. government is coming for Amazon, Google, Facebook, and AppleBig Tech is facing more scrutiny than at any point in history, and it could change Silicon Valley forever.



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Altice USA Pools Cheddar, i24 News Resources to Expand U.S. Coverage

The news division of cable operator Altice USA is expanding the scope of its national coverage on the heels of buying digital startup Cheddar for $ 200 million in April. As of today, Cheddar anchors will deliver a daily block of domestic-focused news coverage on Altice’s i24 News, the international news channel funded as a private […]

Variety

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On a day filled with soccer heroics, U.S. women made biggest statement

The Mexico and Brazil men’s teams claimed titles of their own, but the day’s standard was set by the U.S. women — both on and off the field.
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Sunday could be U.S. soccer’s biggest day ever

For the first time, the U.S. women's national team and the U.S. men's national team will contest international finals on the same day.

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It’s a shame U.S. vs. France isn’t the final

From the teams to the setting – the game will be in Paris – to the stakes, the quarterfinal between the Americans and Les Blues may determine the champion.

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Who’ll be the odd woman out for U.S.?

After storming through the group stage, the Americans should have every member of their midfield available for the knockout stage. So who's going to be left out?

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The World Cup is about to truly start for U.S.

The World Cup has been a cakewalk so far for the USWNT, but Thursday's match against Sweden will reveal a lot more about the Americans' defense.

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Finally, a nice night for U.S. men’s soccer

After so much negativity surrounding the USMNT, Tuesday's Gold Cup opener against Guyana was a chance to generate some positive vibes.

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Spyder Renews, Expands Sponsorship Deal With U.S. Ski Team

Just like the elite athletes vying to compete, sports fans know it is never too early to anticipate the next Olympics.
Spyder is of a similar mind-set, having renewed and expanded its sponsorship deal with the U.S. ski team. Having served as the team’s official apparel partner since 1989, Spyder’s agreement will see it continue to design and create the exclusive men’s and women’s uniform for the U.S. alpine team. In addition, the brand will suit up the U.S. freestyle team and the U.S. free-ski team. The agreement extends to outerwear and base layers with nonexclusive rights for headwear, shells, pants, insulators, fleece, training gear, gloves and eyewear, which will be provided to athletes as part of the official uniform.
Skiing fans can see the exclusive Spyder-branded uniforms in action during more than 35 events in the U.S. annually and at the 100-plus international events that are part of the World Cup circuit. The aerodynamic Spyder uniforms were rolled out at the World Championships in February 2019. The U.S. skiers will continue to race down the mountains in upcoming competitions, leading up to and during the 2022 Olympic Winter Games in Beijing.
With upward of 100 hard-charging athletes, the U.S. ski team features

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Charles Tyrwhitt’s New CEO Looks to Replicate U.S. Success Globally

Charles Tyrwhitt was founded in the U.K. in 1986, but the U.S. is actually the brand’s largest market. So it makes sense that the executive who had been overseeing the American market would be charged with running the entire company as it works to expand its reach globally.
Luke Kingsnorth, who had served as president of North America, has been overseeing the division during a run of double-digit growth and the addition of eight retail stores. He was named to the top post in April after Michael Stanier resigned.
In July, Kingsnorth will move back across the pond, taking the success he achieved here and applying it to the corporation as a whole.
He will lean on his omnichannel expertise to expand the company’s e-commerce reach while continuing to exploit casualwear, add made-to-measure suits, offer a revamped trouser assortment with a new, more-modern fit, and develop a range of casual shirts with shorter tails so they can be worn untucked.
Additionally, Kingsnorth said the business is “exploring wholesaling in some core territories.”
Kingsnorth has been with Charles Tyrwhitt since 2010 when he left John Lewis Direct to join the company as e-commerce director. Two years later, he added marketing duties to his role before moving

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Giada Makes Foray in the U.S. Retail Market

MILAN — Giada is making its foray into U.S. retail.
On Monday, the luxury women’s wear label, controlled by Chinese fashion giant Redstone Group, will open its first store in the American continent.
Giada creative director Gabriele Colangelo said the 4,300-square-foot minimal and modern store, designed by Italian architect Claudio Silvestrin, is located in Boston, a city that “reflects that attention to culture and elegance that is at the base of the Giada brand.”
In addition, Colangelo pointed that a big percentage of Giada’s employees graduated from the prestigious universities in the Boston area.
“This opening is an homage to the city of Boston and at the same time represents a first retail test in the U.S. market,” Colangelo said.

Giada store in Boston 
Courtesy Photo

Giada, which regularly shows during Milan Fashion Week, distributes its collections exclusively through its retail network, which along with the new boutique in Boston, includes more than 50 units in China and a flagship at the heart of Milan’s Golden Triangle luxury shopping district.
“The group’s expansion strategy is very attentive and precise,” Colangelo said. “They are carefully investing in specific markets and when it comes to selecting the locations for the stores, they only look at premium areas.”
The brand doesn’t operate an

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Nonfiction: Preet Bharara Remembers His Busy Tenure as a U.S. Attorney

“Doing Justice,” Bharara’s new book, is not only a memoir but also a manual on how the justice system is a guide to life.
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Herno’s New Showroom Seen as Key to Increasing U.S. Sales

NEW YORK – Herno is stepping up its efforts to expand in the U.S. market.
The Italian luxury outerwear brand has opened a permanent showroom on Varick Street in Tribeca to better service its existing customers — which include Neiman Marcus, Barneys New York, Nordstrom and Mitchell — and others seeking a sartorial alternative to the ubiquitous Canada Goose and Moncler puffers.
Herno has had a small presence in the U.S. in the past and had been represented by the M5 Showroom, which is located in the same building. But now Claudio Marenzi, president and chief executive officer, has moved a few floors down and opened a cleanly designed space where the brand can present its full offering of men’s, women’s and children’s coats hanging on hooks similar to how they are displayed in its retail stores.
Herno is sharing the floor with Woolrich. Although the two brands have no professional affiliation, Marenzi said they are friendly competitors with a mutual respect. Both firms had been represented by M5 and wanted to have their own space, so it was a practical decision.
Marenzi said that over the past five years the U.S. has grown to represent a larger chunk of Herno’s business. It now

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Venezuelan Opposition Seeks U.S. Court’s Help Protecting Citgo

Venezuela’s U.S.-backed opposition leaders asked a federal appeals court to refrain from carving up the country’s foreign assets, saying their loss would hurt the chances of political change in Caracas.
WSJ.com: US Business

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Bestseller Opens Permanent U.S. Showroom in SoHo

Bestseller, the Danish apparel conglomerate behind the Selected Homme, Jack & Jones, Vero Moda and Only brands, has opened its first permanent showroom in the U.S. in SoHo. The company had previously operated a temporary space in Midtown.
The 7,500-square-foot space at 96 Spring Street was designed by architecture firm Loda Design, and features a floor-through, loft-like design that blends the original architecture of the building with a design inspired from the company’s headquarters in Aarhus, Denmark. Each brand is given its own distinct space within the showroom.
Bestseller is a family-owned apparel and accessories company founded by Troels Holch Povlsen in 1975. It produces 20 brands that are sold in some 15,000 retailers in 70 markets and operates 3,000 branded stores across the globe.
The opening of the New York showroom is part of a larger strategy to expand the company’s reach in North America.
According to Brian Edgar, president of Bestseller North America, the new showroom “showcases our brands’ DNA more accurately, which helps elevate our presence in the marketplace. The space is much larger than our previous one allowing us to really show what each Bestseller brand can offer.”

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U.S. Olympic Cyclist Kelly Catlin Dead at 23

Kelly CatlinU.S. Olympic track cyclist Kelly Catlin has died at the age of 23.
The athlete was found dead in her campus residence at Stanford University late last week.
In a letter sent to…

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U.S. Push on Food Trade Pressures EU

U.S. and European trade negotiators, under growing domestic pressure over agriculture, are set to meet again this week as clashing demands threaten to rekindle a tit-for-tat economic war.
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China Aims to Become ‘Strong Film Power’ Like U.S. by 2035, Calls for More Patriotic Films

The Chinese government has exhorted filmmakers to turn the country into a “strong film power” like the U.S. by 2035 and called for the production of 100 movies a year that each earn more than RMB100 million ($ 15 million) as part of a push to increase China’s soft power. The targets were set by Wang […]

Variety

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Dunhill to Spotlight New Brand Positioning in U.S.

The Alfred Dunhill brand can trace its roots all the way back to 1893 but its presence in the U.S. market over the years has been spotty at best.
In the Fifties, the London-based brand operated major stores on Rodeo Drive in Los Angeles and Rockefeller Center in New York and counted celebrities such as Frank Sinatra as fans.
But it slowly lost its grip on the market as management changed, stores closed and the brand cycled through a number of designers including Richard James, Nick Ashley, John Ray and Kim Jones.
Enter Andrew Maag, a former Burberry executive who joined the brand at the end of 2017 and promptly set out to “right size” the business and redirect its focus back to its core business. “We were really missing the mark in the luxury space,” he said. “But we’re just now experiencing a turnaround.”
That has been helped in large part by the positive reaction to the modern tailoring created by the company’s new creative director, Mark Weston.
At the same time, Maag said that since joining the company, one of his major focuses has been updating the fleet of stores. “They desperately needed to be brought up to relevant standards,” he said.
Next month,

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In Rebuke to U.S., Germany Considers Letting Huawei In

Germany is leaning toward letting the Chinese tech giant participate in building its high-speed internet infrastructure despite U.S. warnings.
WSJ.com: WSJD

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Walmart Posts Strong Holiday Sales Gains in U.S.

Walmart’s profit and sales rose over the winter holidays, a sign that the retail giant lured shoppers from rivals and that Americans continued to spend freely amid mixed economic signals.
WSJ.com: US Business

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Payless to Close All U.S. Stores as It Prepares for Another Bankruptcy

Retailer Payless ShoeSource plans to close all of its roughly 2,100 stores in the U.S. and Puerto Rico, in what is likely to be the largest ever retailer liquidation.
WSJ.com: US Business

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Kashiyama Rolling Out Made-to-Measure Concept in U.S.

NEW YORK — Onward Kashiyama, the Japanese conglomerate that owns Jil Sander, Joseph and J. Press, has come up with a novel way to introduce its new men’s made-to-measure suit concept to the U.S. market: open shops at WeWork locations.
The company launched Kashiyama the Smart Tailor in Japan at the end of 2017 and sold 59,000 suits, bringing in sales of $ 40 million its first year. Jun Murakami, president and chief executive officer of Onward USA and J. Press, is hoping to replicate that success in the U.S.
The brand’s point of differentiation, he said, is its price — suits start at $ 300 — as well as quick turnaround and manufacturing expertise. Kashiyama’s suits are made in a company-owned factory in China and can be produced and delivered to customers in 10 days.
Although the competition in affordable made-to-measure men’s wear is stiff in the U.S. with brands such as Indochino, Knot Standard, My Suit, Men’s Wearhouse and others already entrenched in the market, Murakami believes Kashiyama can find a niche.
“Most of our competitors are technology companies or new companies that don’t have an apparel background,” he said. “They don’t have the knowledge that we have.”
Onward Kashiyama was founded in 1927 and now

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How Bad Is the China Slowdown? U.S. Companies Offer Some Answers

Fourth-quarter results from U.S. companies indicate that slowing growth in China is modest, but broad. Retailers and other companies catering to Chinese consumers face signs of weakness among the country’s growing middle class. Analysts fear a brutal quarter ahead.
WSJ.com: US Business

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The Internet, Divided Between the U.S. and China, Has Become a Battleground.

As China and the West race for 5G dominance, two digital powers with very different approaches to technology are staking out their corners. Some Silicon Valley executives worry the divergence risks giving Chinese companies an advantage in new technologies.
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GM Leans on U.S. Truck Buyers to Counter Weakness in China

General Motors said its fourth-quarter operating profit dropped 8%, as strong sales in its home U.S. market were offset by weaker results in China.
WSJ.com: US Business

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Guy Pearce, Kylie Minogue Comedy ‘Swinging Safari’ Picked Up for U.S.

WestEnd Films has closed North American and European deals on “Swinging Safari,” Stephan Elliott’s Australian comedy. Blue Fox has taken U.S. and Canada rights and will release the film theatrically early this summer. Elliott (“The Adventures of Priscilla, Queen of the Desert”) wrote and directed the film, which is set in mid-1970s Australia and stars […]

Variety

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U.S. Believes It Doesn’t Need to Show ‘Proof’ Huawei Is a Spy Threat

The chairman of Huawei pushed back against claims his company conducts espionage for the Chinese government. But the U.S. says that Huawei’s very structure makes the company a potential tool for espionage and thus a security threat.
WSJ.com: WSJD

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U.S. Believes It Doesn’t Need to Show ‘Proof’ Huawei Is a Spy Threat

The chairman of Huawei pushed back against claims his company conducts espionage for the Chinese government. But the U.S. says that Huawei’s very structure makes the company a potential tool for espionage and thus a security threat.
WSJ.com: US Business

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The U.S. Housing Boom Is Coming to an End, Starting in Dallas

Dallas is housing’s “canary in the mine shaft.” Homes are taking longer to sell, bidding wars are rarer and price cuts are more common as buyers absorb the impact of higher mortgage rates.
WSJ.com: US Business

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Oil’s Fall Threatens U.S. Shale Drillers

Plunging oil prices once again threaten to force American shale drillers to pull back on production, just as they were preparing to unleash a flood of crude.
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Huawei Rivals Nokia and Ericsson Struggle to Capitalize on U.S. Scrutiny

U.S.-led efforts to curb Huawei should have been good news for telecom-equipment makers Nokia and Ericsson—but things haven’t turned out to be so simple.
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Huawei Rivals Nokia and Ericsson Struggle to Capitalize on U.S. Scrutiny

U.S.-led efforts to curb Huawei should have been good news for telecom-equipment makers Nokia and Ericsson—but things haven’t turned out to be so simple.
WSJ.com: US Business

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U.S. Holiday Retail Sales Are Strongest in Years

Shoppers delivered the strongest holiday sales increase for U.S. retailers in six years, according to early data.
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U.S. Charges Chinese Intelligence Officers Over Hacking

The Justice Department unsealed criminal charges against two Chinese nationals allegedly tied to a campaign to steal sensitive information from technology-service providers around the world and several U.S. government agencies, including the Navy.
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Chinese Hackers Breach U.S. Navy Contractors

Chinese hackers are breaching Navy contractors to steal everything from ship-maintenance data to missile plans, triggering a top-to-bottom review of cyber vulnerabilities.
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Deloitte Board Nominates New U.S. CEO to Replace Cathy Engelbert

Deloitte LLP’s board has nominated the head of its audit practice as the next U.S. chief executive at the Big Four accounting firm, apparently closing off the last chance that current chief Cathy Engelbert might get a second term.
WSJ.com: US Business

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Richard James Opens First U.S. Store on Park Avenue

NEW YORK — It took over a quarter century — and a new majority owner from America — but Savile Row tailor Richard James has finally opened his first store in the U.S.
The 2,260-square-foot boutique on the corner of 57th Street and Park Avenue is only the third store for the London-based brand, which was founded by James and Sean Dixon 26 years ago. In March 2017, Dixon inked a deal to sell a majority stake in the business to one of its longtime customers, Charles S. Cohen, a billionaire real estate mogul based in New York. Dixon, who retains a minority interest in the company, had been searching for an investor to take the business to the next level and help it expand internationally. James no longer has any financial stake in the brand.
“This is our first American store,” said Dixon, whose title is managing director. “Our plan has always been to open in the States, and New York is the obvious choice.” He added that the company had been searching for a long time for the “right opportunity and time,” and Cohen’s investment — and the fact that he owns the retail component of the pre-war building — was

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Netflix Original Series Viewing Climbs, But Licensed Content Remains Majority of Total U.S. Streams

Is Netflix moving fast enough to bulk up on originals to offset programming that’s about to get pulled by studios like Disney, Fox and WarnerMedia? Original content accounted for 37% of Netflix’s U.S. streams in October 2018, up from 24% a year earlier (and just 14% in January 2017), per video-measurement firm 7Park Data. But […]

Variety

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A Yacht, a Monet, a See-Through Piano: The U.S. Collects on a Fugitive’s Shopping Spree

The government is trying to recoup the many assets of Jho Low, a Malaysian financier at the center of an international fraud case who had very expensive tastes.
NYT > Arts

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U.S. Readies Charges Against Chinese Hackers

U.S. prosecutors are preparing to unseal criminal charges against hackers linked to the Chinese government who have allegedly engaged in a multiyear scheme to break into U.S. technology service providers.
WSJ.com: WSJD

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Undone Moves Into the U.S. Market

Undone, the customizable watch brand that’s based in Hong Kong, is focusing on the U.S.
Michael Young built a reputation in the watch industry by collecting vintage watches, supplying companies such as Hublot and Omega with parts, and customizing Rolexes for high-end brands. Because of the high price points on custom watches, which start at $ 20,000, Young thought there was space in the market for an affordable, well-made custom watch option and introduced Undone in 2014.
His relationships with suppliers and knowledge of the supply chain has allowed him to offer models that retail from $ 265 to $ 430. Having his own dial printers and in-house watchmakers has also helped. Customers are able to purchase a customizable watch from Undone’s e-commerce site to select their own dial, case, hands, strap and engraving on the back. Undone has also recently partnered with Peanuts on a capsule collection that offers more characters than usual because of its customization abilities.
“A lot of watch brands are starting to launch characters on special editions, but there is no flexibility,” Young said. “We think consumers should have a choice and be able to create something they love.”

Watches by Undone. 
Courtesy

Having a physical presence in Asia has helped build up brand

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U.S. Takes Aim at Huawei

The Trump administration’s efforts to extradite the chief financial officer of China’s Huawei Technologies Co. over criminal charges mark the start of an even more aggressive phase in the technology rivalry between the U.S. and China and will increase pressure on Washington’s allies to shun the telecommunications company.
WSJ.com: WSJD

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Nintendo Switch Became the Best-Selling Nintendo Console in U.S. History During a Thanksgiving Weekend

Nintendo has high expectations for the Switch this holiday season, predicting sales totals that some viewed as overly ambitious. The company wants the system to hit 20 million units sold this fiscal year, and it helped get closer to that number with a huge Thanksgiving weekend.

Over the five-day period from Thanksgiving to Cyber Monday this year, the Nintendo Switch set a record for best-selling Nintendo console in history over that period, and it had its best week ever in the United States.

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A Silicon Valley Tech Leader Walks a High Wire Between the U.S. and China

Nvidia sells lots of artificial-intelligence chips in China. That creates a dilemma as the company tries to navigate political and trade tensions.
WSJ.com: WSJD

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Why Did New York City’s Electorate Submit Votes on a Piece of Paper Several Inches Longer Than a Page of the U.S. Constitution?

Join us as we travel down this rabbit hole.
NYT > Style

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Foxconn Considers Bringing Chinese Workers to Wisconsin as U.S. Labor Market Tightens

Facing one of the tightest labor markets in the U.S., Foxconn has been trying to tap Chinese engineers through internal transfers to supplement staffing for its planned Wisconsin plant, according to people familiar with the matter.
WSJ.com: WSJD

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Ermenegildo Zegna Launches XXX Capsule in the U.S.

TRIPLE X: Ermenegildo Zegna has teamed with Farfetch to launch its Ermenegildo Zegna XXX capsule collection in the U.S.
Designed by the brand’s creative director Alessandro Sartori to “match the identity of society’s boldest and most visionary members,” the capsule breaks the boundaries between streetwear and tailoring to offer a wardrobe of urban pieces, combining a contemporary, metropolitan look with sartorial quality. Ermenegildo Zegna officially kicked off its XXX project this year.
Retailing from $ 375 to $ 2,450, the Ermenegildo Zegna XXX capsule collection includes graphic windbreakers, bombers, T-shirts, sweatshirts, knits, as well as accessories such as fanny packs, pouches, basketball caps and hand-stitched sneakers, all embellished with the lineup’s signature XXX pattern.
Dedicated to the U.S. market, this capsule will be exclusively on sale on Farfetch beginning Monday.

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Psycho Bunny to Open First U.S. Retail Store in Miami

Psycho Bunny is jumping into the retail fray in Miami.
The New York-based men’s brand with the slightly maniacal rabbit logo with its teeth hanging over a skull and crossbones, is opening its first store in the Aventura Mall this fall.
The brand operates two stores in Panama, two in Mexico and will open one in Bogotá, Colombia, by the end of the year. There are also 17 retail locations in Japan, including a flagship in Shibuya.
The concept is a bit unorthodox since the store will have two iterations: a 1,400-square-foot space will open as a pop-up at the beginning of November and stay in operation through the middle of January. At that point, it will be closed until the middle of March when it will reopen permanently as a 1,600-square-foot flagship.
“Because of the timing of when we signed the lease, we needed more time to [create a flagship],” said Robert Goldman, who operates the brand with Robert Godley. So to capitalize on the holiday traffic, a pop-up was created that will replicate a working artist’s studio. It is being designed by the Montreal-based architectural firm, Aedifica, which has worked with Adidas, Aldo and others.
Each side of the Psycho Bunny store will

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Chinese Firms Snap Up U.S. Sites to Process Scrap

Chinese companies are setting up shop in the U.S. to obtain the scrap paper and plastic their government has deemed too dirty to import.
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Australian Cult Brand Spell & The Gypsy Collective Lands in U.S.

Australian fashion labels, many of which are in the spotlight as Meghan Markle, Duchess of Sussex, tours the antipodes, have long been popular in Southern California, where the climate and beach culture mirror the land of Oz.
Spell & The Gypsy Collective, the 10-year-old contemporary brand started by sisters Isabella Pennefather and Elizabeth Abegg, opened its first stand-alone retail space in the U.S., a pop-up at 1108 Abbot Kinney Boulevard in Venice, Calif. Open through Nov. 25, the shop has attracted cult lovers of the brand, some of whom traveled from as far away as Florida and Canada just to shop.

The Spell & The Gypsy Collective pop-up shop on Abbot Kinney Boulevard in Venice, Calif. 
Rich Polk

“Because we’re slow fashion, we don’t make too many pieces so they tend to sell out very quickly,” said Pennefather, who started out in 2008 making jewelry that she sold at the open-air market in Byron Bay, Australia. When her sister, Lizzy, came on board a few years later, they expanded into clothing and e-commerce, and the business grew from there.
“I remember when we had a clunky web site and early bloggers such as Oracle Fox [whose given name is Amanda Shadforth] bought our things at the

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U.S. Steelmakers Succeed in Getting Tariffs, Removing Others

U.S. steel producers prevailed in their push this past spring for the Trump administration to impose tariffs on imported steel and aluminum. The industry also succeeded in a later effort to make some tariffs disappear.
WSJ.com: US Business

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The Best Under-the-Radar Food Destination in the U.S.

Long dismissed by food snobs as a Tex-Mex dead zone, San Antonio is finally getting a restaurant scene to build a trip around.
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Facebook Takes Down Hundreds of U.S. Pages It Says Spread Misinformation

Facebook has taken down hundreds of accounts that were spreading false or misleading political content ahead of the U.S. midterm elections, one of the social network’s most aggressive efforts to stop misinformation spread primarily by Americans.
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Amazon to Raise Its Minimum U.S. Wage to $15 an Hour

Amazon, which has faced criticism about pay and benefits, said it would raise the minimum wage for all U.S. workers. The company will also start lobbying Congress for an increase in the federal minimum wage, which is currently $ 7.25 an hour.
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Follow live: U.S. eyes comeback after Europe dominates morning session

Europe continued its Ryder Cup dominance during Saturday’s morning session at Le Golf National, but the U.S. is looking to shake things up in the afternoon.
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Maskit Looks to Build U.S. Sales With NYFW Event and Art Installation

MASKIT TAKES NEW YORK: Friends of the Israel Defense Forces’ tristate region is hosting Maskit Fashion House’s NYFW debut today at Metropolitan West. Started in 1954 and known as the first fashion house of Israel, the company belonged to the Israeli government in its earlier years. The idea was to provide work for immigrants and to teach them craftsmanship as well as new techniques. In its prime, there were 2,000 employees and 10 freestanding stores, including a Fifth Avenue location. In 1994, it was shut down before being revived five years ago. Head designer Sharon Tal interned for Alber Elbaz at one point, before specializing in embroidery at Alexander McQueen. The brand is now backed by Lyn and Stef Wertheimer and is being shown for a limited time in New York.
In addition to the fashion show, the company is showcasing a large-scale art project titled “Mount Sodom” by Israeli fashion photographer Eyal Nevo. On view at 10 Times Square through Oct. 6, the project features dancers from the Inbal Dance Theater, Israel’s first and oldest modern dance company. Mount Sodom premiered in Tel Aviv in June in the presence of Israel’s first lady.
The fashion presentation will launch FIDF’s Philanthropic Women Campaign and

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Descente Athletic Collection to Break in U.S. Market

After more than eight decades making its mark in the Asian market, Descente is setting its sights on America.
The Japanese athletic brand has created a wholly owned North American subsidiary, Descente Athletic Americas Inc., that is based in Atlanta, as well as an e-commerce site that will launch today.
Although Descente has sold its Mountain ski collection in the U.S. for some time, this marks the first time its Athletic lifestyle offering will be sold in America.
Fritz Taylor, a 30-year veteran whose résumé includes Nike, Under Armour, Brooks and Mizuno, has been tapped to serve as president of Descente Athletic Americas and to introduce the collection to the U.S. market.
Taylor admitted that when he was approached by Descente to join the company, he wasn’t interested. “The market is so crowded. Do we really need another sportswear brand?” he asked. But he agreed to make the trip to the brand’s Japanese headquarters, where he was impressed by Descente’s craftsmanship and innovation. “I felt like there was something really unique there,” he said, so he agreed to join.
“The sportswear market is at an interesting time where consumers are either gravitating toward disposable fashion or fewer but higher-quality garments,” Taylor added. “Our attitude is

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JD.com Founder Gets Back to Business in Beijing Days After Arrest in U.S.

Liu Qiangdong’s appearance to announce a partnership with the Chinese company that owns Swiss luxury brand Bally—as Minneapolis police investigate an allegation of sexual misconduct—underscores what business observers describe as his extraordinary confidence.
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Microsoft Hit With U.S. Bribery Probe Over Deals in Hungary

Microsoft is being investigated by U.S. authorities over potential bribery and corruption related to software sales in Hungary.
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Swedish Label Old Molly Gears Up for U.S. Expansion

Old Molly, a Scandinavian label inspired by the California lifestyle, has set its sights on the U.S. for major expansion.
To try to make inroads, the company will be showing at MAGIC for the first time. Started in 2002, the omnichannel retail company has 60 freestanding stores, 600 wholesale accounts and distribution in nearly 40 countries through its own e-commerce site. Indicative of its Stockholm roots, the brand is known for its bold colors and unexpected patterns in sportswear, accessories and bedding.
Women’s empowerment, not surprisingly, is key — as well as sustainability the Nasdaq Stockholm-traded company was initially inspired by a Los Angeles skater girl from the Eighties, who beats her own drum and has a lot of integrity. The collection features an assortment of apparel, accessories and bedding in a bold mix of colors and patterns. Ribbed sweaters, knit jackets, bikinis, tank tops, a no-frills baseball cap, towels, shoes, lingerie, robes and sheets are among the offerings.
Through MAGIC, Old Molly wants to get into not just specialty stores, but major department stores for spring 2019, a company spokeswoman said.
The company also has an Instagram shop to expedite shopping for consumers. Old Molly has freestanding U.S. stores in Colorado: Vail, Aspen,

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Across the U.S., the Spaceport Race Is On

There are now 10 licensed commercial spaceports in the U.S., double the number in 2004, as local and state officials try to draw business from companies like SpaceX and Blue Origin.
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On U.S. Planes, the Dogs Are Winning

New airline rules haven’t stopped an increase in pets, including emotional-support animals, on airplanes, leading to more incidents and questions about whether the government should step in.
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Steven Seagal Appointed Russian Special Envoy to Improve U.S. Relations

WASHINGTON — Steven Seagal has been appointed a special representative for the Russian government to promote “Russian-American humanitarian ties,” the Russian foreign ministry announced on its Facebook page. “The task is to promote the further development of Russian-American relations in the humanitarian sphere, including interaction in the field of culture, art, public and youth exchanges […]

Variety

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Bigger Sales Than Apple? China’s Huawei Doesn’t Need the U.S.

Smartphone sales are falling globally, but a Chinese tech giant whose devices most Americans can’t even buy is doing booming business, while nipping at the heels of Apple.
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NBA now first U.S. league with betting sponsor

The NBA has signed a sponsorship deal with MGM, becoming the first major U.S. sports league to have an official relationship with a betting operation.
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U.S. Lifts Ban on Suppliers Selling to ZTE

ZTE can resume business with its U.S. suppliers, the Commerce Department said, after the Chinese telecom giant met the conditions of a deal President Trump made to save the company.
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U.S. Appeals Ruling Allowing AT&T-Time Warner Merger

The Justice Department appealed a trial judge’s ruling last month that allowed AT&T to acquire Time Warner, setting the stage for a second round of legal proceedings in a blockbuster antitrust case.
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U.S. Appeals Ruling Allowing AT&T-Time Warner Merger

The Justice Department appealed a trial judge’s ruling last month that allowed AT&T to acquire Time Warner, setting the stage for a second round of legal proceedings in a blockbuster antitrust case.
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China’s ZTE Replaces Top Executives in Rush to Comply With U.S. Mandate

ZTE has named a slate of new top executives, including a new chief executive, as the Chinese telecom firm presses ahead with its U.S.-mandated leadership purge.
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China’s ZTE Replaces Top Executives in Rush to Comply With U.S. Mandate

ZTE has named a slate of new top executives, including a new chief executive, as the Chinese telecom firm presses ahead with its U.S.-mandated leadership purge.
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GM Says Tariffs on Auto Imports Could Drive Up Prices, Hit U.S. Jobs

General Motors warned the Trump administration that tariffs on vehicle imports would hurt its competitiveness, cost U.S. jobs and result in “a smaller GM.”
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Why Mickelson should have apologized, then withdrawn from the U.S. Open

A 2-shot penalty for what Phil Mickelson did at No. 13 on Saturday wasn’t enough, Ian O’Connor says. He needed to take another step — toward the exit sign at Shinnecock Hills.
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Follow Tiger’s second round at the U.S. Open

After a lousy opening round, Tiger Woods has some ground to make up if he wants to make the cut and play the weekend at Shinnecock.

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Live leaderboard: Round 1 of the U.S. Open

Golf's second major championship for 2018 is in full swing, and it's not going well so far for Jordan Spieth, Phil Mickelson and Rory McIlroy. See who's off to a good start.

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Hosting the World Cup can’t be biggest U.S. win

So the United States, with assists from Canada and Mexico, will be the host in 2026. Great. But U.S. Soccer can't be satisfied by winning a bid – it needs to win games.

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U.S., Mexico, Canada to co-host 2026 World Cup

The U.S. may not be at the World Cup, but it pulled off a win in Russia all the same: The globe’s biggest event is returning to North America.
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China’s ZTE to Pay $1 Billion Fine in Settlement With U.S.

The U.S. and China have reached a deal that will allow telecom company ZTE to continue to do business, requiring it to pay a $ 1 billion fine and place U.S. enforcement officers in the company to monitor its actions.
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China’s ZTE to Pay $1 Billion Fine in Settlement With U.S.

The U.S. and China have reached a deal that will allow telecom company ZTE to continue to do business, requiring it to pay a $ 1 billion fine and place U.S. enforcement officers in the company to monitor its actions.
WSJ.com: US Business

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Mexico, Canada Add to Nations Striking Fear in U.S. Farmers

U.S. farmers, already losing sales to China, are facing new threats to sales in other big overseas markets as trade tensions spread globally.
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U.S. Slaps Steel, Aluminum Tariffs on Canada, Mexico, EU

The U.S. will impose steel and aluminum tariffs on Canada, Mexico and the European Union starting Friday, according to Commerce Secretary Wilbur Ross.
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OzoneSocks – Memorial Day Sale! Up To 45% Off All Socks PLUS Free Shipping On All U.S. Orders at OzoneSocks.com. No Code Needed, Offer Valid 5/25 – 5/28. Does not include SOTMC or Mystery Bundle.

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U.S. Websites Go Dark in Europe as GDPR Data Rules Kick In

Europe’s new privacy law took effect Friday, causing major U.S. news websites to suspend access across the region as data-protection regulators prepare to brandish their new enforcement powers.
WSJ.com: WSJD

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U.S., China Agree on Outline to Settle ZTE Controversy

The U.S. and China have agreed on the broad outline of a deal that would save imperiled Chinese telecom giant ZTE, as the two sides move closer to resolving their trade dispute.
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A Look Inside a ZTE Phone Shows How Hard It’s Hit by a U.S. Ban

A look inside ZTE’s Axon 3 smartphone reveals how much the telecom giant depends on U.S. technology: 60% of the electronic components come from U.S. companies including Qualcomm, SanDisk and SkyWorks.
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U.S. suffers first loss at ice hockey worlds

The United States lost its first game at the ice hockey worlds — 6-2 to Finland — and will next face the Czech Republic in the quarterfinals.
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ZTE Says Errors, Not Lies, Led to Failure to Comply With U.S. Terms

ZTE says its failure to fully comply with a U.S. deal resolving sanctions-busting charges was due to faults in internal controls, not deception.
WSJ.com: US Business

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Dark Star Acquires U.S. Rights to ‘Word of God’ From LevelK (EXCLUSIVE)

Dark Star has acquired U.S. rights to Henrik Ruben Genz’s (“The Killing”) Danish drama-comedy “Word of God” from LevelK. Based on the best-selling Danish book by the same name, “Word of God” stars the renowned Swedish singer Lisa Nilsson and Danish actor Søren Malling. It portrays a family’s life in suburbia and the madness that […]

Variety

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U.S. Bishop to Give the Address at Prince Harry and Meghan Markle’s Wedding

Prince Harry, Meghan MarkleThe royal wedding is one week away, and new details are emerging seemingly every minute!
Kensington Palace just announced that Prince Harry and Meghan Markle have asked The Most Reverend…

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Trump Postpones Steel Tariff Decision for EU, Other U.S. Allies

President Trump eased trade pressure on top U.S. allies, giving the European Union and some nations outside the bloc until June 1 to negotiate deals that would exempt them from U.S. steel and aluminum tariffs.
WSJ.com: US Business

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U.S. Probes Wireless Carriers’ Work on SIM Card Alternative

The U.S. Justice Department is investigating whether U.S. wireless carriers and an industry trade group teamed up to make it harder for cellphone subscribers to switch providers.
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Japan’s Surging Car Exports Raise Risk of U.S. Trade Fight

There’s a big reason why Japan doesn’t want to talk about a trade deal with Donald Trump: Its auto exports are booming.
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Amazon Nabs U.S. Open Tennis Broadcast Rights for U.K., Ireland in Five-Year Deal

Amazon has hoovered up exclusive live-streaming rights to the U.S. Open Tennis Championships for Prime customers in the U.K. and Ireland in a five-year pact — another move forward in the tech giant’s encroachment on TV sports. The United States Tennis Asssn. entered into a deal granting Amazon Prime Video exclusive live telecast rights to […]

Variety

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U.S. Tech Caught in Crossfire of China Trade Fight

One of China’s most successful global companies has been punished by the U.S. government. That means trouble for its suppliers too.
WSJ.com: WSJD

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Huawei, Called a Security Threat by the U.S., to Focus on Other Markets

Huawei said it plans to refocus on existing markets, following a series of setbacks in the U.S. and as the technology industry gets caught up in the spiraling trade spat between Washington and Beijing.
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Wacoal Opens First U.S. Flagship

Wacoal has opened its first U.S. store within The Mall at Short Hills in New Jersey.
After primarily focusing on wholesale distribution within retailers including Bloomingdale’s, Lord & Taylor and Macy’s Inc., the intimate apparel brand is venturing into its own brick-and-mortar space.
“We are growing internationally and online, but our main business is working in store with customers,” said Bob Vitale, the chief executive officer of Wacoal America. “We hear that a high percentage of shoppers don’t shop in the intimate apparel department. There are a lot of customers who aren’t seeing Wacoal. We thought this was a great way to bring our brand proposition to the customer.”
According to Vitale, department stores view the shop as something positive and the goal isn’t to take away from wholesale business but grow the business overall.
The 1,950-square-foot shop will feature Wacoal and B. Tempt’d, Wacoal’s line targeting younger customers. Vitale said they wanted to offer an elevated shopping experience and an array of product that comes in various fashion colors and is sized from A through I cup. Associates will have access to iPads so customers can order items online if they aren’t in stock.
As innerwear becomes outerwear, lingerie companies are benefiting. Vitale said

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Huawei, Called a Security Threat by the U.S., to Focus on Other Markets

Huawei said it plans to refocus on existing markets, following a series of setbacks in the U.S. and as the technology industry gets caught up in the spiraling trade spat between Washington and Beijing.
WSJ.com: WSJD

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U.S. Retail Sales Rose 0.6% in March

Spending at U.S. retailers bounced back in March, but the broader trend in consumer spending shows only moderate growth despite a solid labor market and growing worker paychecks.
WSJ.com: US Business

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China Stalls U.S. Chip Deals

China is slowing reviews of multibillion-dollar takeover deals being pursued by Qualcomm and Bain Capital, people familiar with the matter say, as U.S.-China trade tensions escalate.
WSJ.com: US Business

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China Delays Deal Reviews as U.S. Trade Frictions Build

Amid escalating trade tensions, China is holding up deal reviews that could clear the way for U.S. companies Qualcomm and Bain Capital to make multi-billion dollar acquisitions of semiconductor companies, people familiar with the matter say.
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German Steel Town Fears U.S. Tariffs Would Deal Crushing Blow

A German steel mill that has long supplied Europe with wire used in construction could become a casualty of new U.S. tariffs on steel imports.
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Karl Lagerfeld to Open First U.S. Store in SoHo Saturday

Karl Lagerfeld is ready to take SoHo by storm.
On Saturday, the Karl Lagerfeld brand will open its first U.S. store at 420 West Broadway in New York, which features a mix of Lagerfeld’s European collection and Karl Lagerfeld Paris, which is a joint venture with G-III Apparel Group.
“The moment seems to be right and the space is great,” Lagerfeld told WWD. He noted that distribution of his signature brand, re-launched in the burgeoning masstige category in 2012, first put down retail roots in Europe and then China. “Our first tests in the U.S. were great.”
Inspired by the designer’s personal home and studio, the 3,230-square-foot store has a sophisticated yet inviting, open feel. Each of the furnishings has an unusual story behind it, from antique mirrors to velvet chairs and luxurious marble finishes to the giant Tokidoki silver cartoon sculpture of Lagerfeld — with a ponytail — holding his famous feline, Choupette. A bespoke carpet has a red border around its edges, similar to the border that the designer draws on all of his sketches. A full-size photograph of Lagerfeld, wearing fingerless gloves and chains, and taking a photo with his camera, greets visitors at the entrance.
One highlight is a library wall inspired by

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U.S. Looks to Protect Domestic Car Makers From Foreign Competition

The Trump administration is pursuing ways to protect domestic vehicle manufacturing by forcing imported cars to meet stricter environmental rules, a move that would make them more expensive.
WSJ.com: US Business

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China Set to Strike Back ‘Forcefully’ at Threatened U.S. Tariffs

China is ready to strike back “forcefully” at new U.S. tariffs and has in place detailed countermeasures, which don’t exclude any options, according to a commerce ministry spokesman.
WSJ.com: US Business

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China Threatens U.S. Cars, Planes and Soy in Response to Trump

China retaliated against proposed U.S. tariffs on Chinese goods by targeting high-value American exports, from airplanes to soybeans, in a tactic Beijing officials say is meant to secure a truce.
WSJ.com: US Business

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Why a Slice of the U.S. Steel Industry Welcomes Trump’s Tariff Exemptions

The Trump administration’s decision to temporarily exempt several countries from new tariffs provides relief to some of the largest customers of imported steel: companies that import semi-finished steel slabs into the U.S.
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China Fires Warning Shot at U.S. Over Tariffs

China unveiled plans for tariffs against $ 3 billion in American goods and said it is readying more actions against the U.S., after the Trump administration moved to impose punitive measures on Chinese exports.
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U.S. to Apply Tariffs on Up to $50 Billion of Chinese Imports

President Donald Trump is expected Thursday to announce new tariffs on Chinese imports. They could be levied on $ 50 billion worth of imports, said an individual with knowledge of the plans.
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Is This the Start of Better Airport Shopping in the U.S.?

Major airports around the world have essentially become shopping malls with gates. Now, the U.S. is finally starting to catch up, with airports finding ways to improve duty-free stores in the same way they upgraded restaurants and basic amenities like power outlets.
WSJ.com: Lifestyle

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Toys ‘R’ Dust! Toys ‘R’ Us to Close or Sell the Remainder of U.S. Stores

Geoffrey the Giraffe is out of a job, along with about 33,000 other Toys “R” Us employees, according to multiple outlets including USA Today and CNN.

After 70 years in business, the iconic toy retailer — once proclaimed as “the world’s greatest toy store” — will shut down or sell off the remainder of its 735 stores in the United States, according to U.S Bankruptcy court documents filed early Thursday and obtained by CNN.

It also comes six months after Toys “R” Us filed for Chapter 11 bankruptcy, in an effort to shed $ 5 billion it had accumulated in debt and reinvest the $ 400 million it was spending a year to pay that off, into its stores,  CNN reported.

Originally, the troubled toy chain had hoped to keep some locations in the U.S. open — announcing in a letter to customers in January that 182 stores would be closing the following month, according to Business Insider.

“The reinvention of our brands requires that we make tough decisions about our priorities and focus,”Toys “R” Us CEO Dave Brandon wrote in his memo, according to Business Insider. “The actions we are taking are necessary to give us the best chance to emerge from our bankruptcy proceedings as a more viable and competitive company.”

But according to court filing, the company still didn’t have the money to operate that many stores and was spending $ 50 to $ 100 million a month, USA Today reported.

“The stark reality is that the Debtors (Toys “R” Us) are projected to run out of cash in the U.S. in May 2018,” documents say, USA Today reported. “ have determined that the best way to maximize their recoveries is to liquidate the existing inventory in all…735 remaining U.S. stores and begin an orderly wind-down of the U.S. operations.”

They added they only have money to pay their employees for “no fewer than 60 days,” USA Today reported.

Though Toys “R” Us was once one of the go-to places for families to do their toy shopping, the retailer has struggled to compete against online stores like Amazon, as well as big chain companies like Walmart and Target.

As the Chicago Sun-Times previously noted, the store has had difficulties capturing the attention of children who can now find entertainment in a smartphone or tablet.

Toys “R” Us began in Washington, D.C. in 1948 as a small store. The business is now headquartered in Wayne, N.J.

Shoppers can expect liquidation sales over the next few monthsThe New York Times reported.

On Wednesday, the company announced it was also closing all its stores (approx: 100) in the U.K., The Washington Post reported.


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Broadcom Schedules Vote on Plan to Become a U.S. Company

Singapore-based Broadcom said it would ask shareholders to vote on March 23, potentially setting the stage for a showdown with the U.S. national security panel reviewing its $ 117 billion hostile bid for Qualcomm.
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Trump Tariff Plan Challenges System U.S. Helped Build

President Donald Trump’s planned tariffs on steel and aluminum threaten a world-trading regime already battered by mounting protectionism and its struggle to tame China’s state-driven capitalism.
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U.S. Orders Qualcomm to Delay Meeting for Review of Broadcom Offer

The U.S. government ordered chipmaker Qualcomm to delay its shareholder meeting this week to give it more time to review rival Broadcom proposed $ 117 billion takeover of the chip maker.
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U.S. Orders Qualcomm to Delay Meeting for Review of Broadcom Offer

The U.S. government ordered chipmaker Qualcomm to delay its shareholder meeting this week to give it more time to review rival Broadcom proposed $ 117 billion takeover of the chip maker.
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Kovalchuk scores twice as Russians blank U.S.

Ilya Kovalchuk scored two back-breaking goals as the Russians outplayed, outhit and outclassed the United States in a convincing 4-0 shutout Saturday night as each team wrapped up pool play at the Olympics.
www.espn.com – NHL

Asos Is Serious About Growing in the U.S.

British online retailer Asos on Monday held its inaugural New York presentation for the brand’s fall 2018 men’s wear collection with an eye toward growing its U.S. business, which head of men’s Nick Eley said is in second place, behind the U.K.
The e-tailer has ratcheted up its presence during New York Fashion Week: Men’s since July, when it held a party.
Primarily aimed at young adults — Eley said the average age is 20 — Asos sells more than 850 brands and its own range of clothing and accessories. The brand is making a push, offering plus sizes for men, which Eley called a “huge opportunity.”
In addition, Eley said the men’s and women’s sides of the business have started collaborating for the first time on trends, fabrics and more, the results of which will be fully realized with the spring 2019 collection.

The brand features an abundance of over-the-top fashion and glam items. After all, Asos was originally called As Seen on Screen when it launched in 1999, before its name was shortened to an acronym. “The Asos guy is going out more and is more confident with what he’s wearing,” said Eley.
The presentation was held at 393 NYC, a long, narrow gallerylike space

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Wall Street: U.S. Markets Try to Rally After Monday’s Plunge and Global Selloff

The Dow Jones Industrial Average and other major U.S. stock indices on Tuesday tried to buck the global downturn of the past 24 hours and recover some of Monday’s historic losses. The Dow was down more than 500 points just after the 9:30 a.m. ET opening bell but quickly recovered and moved into positive territory. […]

Variety

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U.S. Adds 200,000 Jobs; Wage Growth Best Since Recession

A tightening labor market delivered the biggest annual increase in wages since the end of the recession, a new signal that American workers are beginning to enjoy the pay raises long missing in a steady but tepid expansion.
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U.S. Government Weighs Building National 5G Network to Counter China

Some White House officials view next-generation 5G wireless service as a “key area of competition,” and they say that the threat from China justifies a government effort like the construction of the interstate highway system, an internal memo shows.
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Intel Told Chinese Firms of Chip Flaws Before U.S. Government

In initial disclosures about critical security flaws discovered in its processors, Intel notified a small group of customers, including Chinese technology companies, but left out the U.S. government, according to people familiar with the matter and some of the companies involved.
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Companies Explore Whether U.S. Can Replace ‘Double Irish’

A provision in the newly revised tax code slashes the income tax that companies pay on royalties from the overseas use of intellectual property, making it more attractive to house these rights on American soil.
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Manufacturers Fight Over New Tariffs’ Effect on U.S. Jobs

President Donald Trump’s move to slap tariffs on imported solar panels and washing machines is meant to revive domestic industries. But in the affected sectors, there is little agreement on whether it will actually jump-start U.S. manufacturing and jobs.
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Former Fashion Editors’ Sleepwear Line Sets Up Shop in the U.S.

Eighty percent of Sleeper’s clients are located in the U.S., but Asya Varetsa, who cofounded the sleepwear brand with Kate Zubarieva, will start to handle sales and business development out of New York and they will also set up a showroom during New York Fashion Week.
“It makes more sense to be here because a lot of our buyers are here,” said Varetsa. “We need to be here to figure out the shipping situation and build more relationships.”
It’s a big move for the brand, which is based in Ukraine and has steadily gained accounts including Moda Operandi, Harrods, Barneys New York and Opening Ceremony since launching in 2014 and the line has been worn by fashion industry influencers including Mira Duma, Aurora James and Eleonora Carisi. Retailers have been drawn to their stylish pajamas that are made by hand at its manufacturing facilities in Ukraine. They also produce a men’s and children’s collection.
Varetsa and Zubarieva have tapped into the pajama dressing trend and captured a modern consumer who is accustomed to the comfort of ath-leisure and working from home. The assortment includes a core collection of basic pajamas and robes, a linen collection of dresses and slips, and a bridal collection of

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Wal-Mart to Raise Minimum U.S. Wage to $11 an Hour

Wal-Mart will raise starting pay to $ 11 an hour for all its U.S. employees and hand out one-time bonuses of up to $ 1,000, as the retailer doles out some of its expected gains from the new tax legislation.
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U.S., French Officials Question Apple Over iPhone Battery Slowdowns

Apple is facing new questions from government officials in the U.S. and France about its handling of battery-related performance issues on iPhones, a sign that controversy over the problem continues despite the technology giant’s apology last month.
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Why the U.S. Suspects Kaspersky’s Software Is a Russian Spy Tool

U.S. officials haven’t offered conclusive evidence that antivirus products made by Kaspersky Lab were behind national-security breaches, but a series of incidents drove them to raise alarms about the Russian security-software company.
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Annual U.S. Car Sales Drop for First Time Since Financial Crisis

The U.S. auto industry in 2017 likely suffered its first annual sales decline since the financial crisis eight years ago, as demand finally ebbs after a remarkable multiyear growth spurt.
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U.S. Steelmakers Raise Their Bets on Energy, Construction

Steelmakers are betting on the U.S. again, building mills they hope will help them compete against cheap imports as demand rises. Others see expansion as a risky bet.
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Uber to Sell U.S. Auto-Leasing Business to Startup Fair.com

Uber is selling its U.S. subprime auto-leasing business to startup-car marketplace Fair.com, ending a bid to attract drivers who lack regular access to vehicles.
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Cremieux Opens Second U.S. Store, Creates New Label for Dillard’s

Cremieux has embarked on a dual-pronged growth strategy as it works to increase sales.
The French brand, which got its start in Saint-Tropez in 1976, has opened its second store in the U.S. and has also created a new contemporary men’s brand for Dillard’s, its longtime American retail partner.
On Dec. 1, Cremieux opened an 800-square-foot boutique at the Royal Poinciana Plaza in Palm Beach, Fla. This joins the company’s SoHo store on Mercer Street that opened nearly four years ago.
A Florida store has long been on the wish list for Stephane Cremieux, chief executive officer of Cremieux and son of founder Daniel Cremieux. “Ever since the brand was founded, we wanted to open a store in Florida,” he said. “So when this opportunity came up, we took it.”
He said the recently renovated Royal Poinciana center is “a special place” with a curated assortment of luxury brands. “You can’t call it a mall. It’s like being in a summer house with fountains, lots of green and palm trees.” The center is home to 30 stores including Cynthia Rowley, Hermès, Magasin, Orlebar Brown and Serenella.
The design of the Cremieux store is very reminiscent of Saint-Tropez, he said, with photos of the French Riviera and

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Bombay Shirt Co. to Open First U.S. Store

Bombay Shirt Co., an Indian online custom shirt brand, will open its first American store in New York’s SoHo on Wednesday.
The unit, at 223 Mott Street, will offer a variety of men’s custom shirts that will sell for $ 59 and up, with most selling for less than $ 200. Both casual and dress shirts will be offered and fabric choices include Egyptian cottons, linens, denims, flannels and others from India, Italy, Japan, Portugal and Turkey.
The design of the store is minimalistic and contemporary and the unit will have a fit specialist as well as stylists on hand to help walk customers through the process.
“New York City has always been on our radar and was an obvious choice expanding outside India,” said Akshay Narvekar, founder and creative director.
Bombay Shirt Co. was founded in 2012 and operates six stores in India and one in Dubai.

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U.S. Bitcoin Futures Climb in First Day of Trade

Trade in the first bitcoin futures sparked a swift run-up in the price of the digital currency, while the exchange provider’s website experienced outages from heavy traffic.
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Robust Job Growth Puts U.S. on Firmest Footing in a Decade

The U.S. economy is hitting milestones not seen in more than a decade, marked by robust hiring that has led to low unemployment and a sustained pickup in output.
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Alibaba’s Ma Tells U.S. Companies to Stop Whining About China

Amid rumblings of a U.S.-China trade conflict, Alibaba founder Jack Ma defended China against complaints that it creates barriers against outside competitors.
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Senate Passes Sweeping Revision of U.S. Tax Code

Republicans navigated a thicket of internal divisions over deficits and other issues to pass the bill, which included about $ 1.4 trillion in tax cuts and would reduce the corporate rate to 20% from 35%.
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U.S. Sues to Block AT&T Merger

The Justice Department filed a lawsuit challenging AT&T’s proposed acquisition of Time Warner, alleging the combination of the two companies poses an unlawful threat to competition that could raise prices and slow innovation.
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Los Cabos: Oscilloscope and Northern Banner Snag U.S. and Canada to Canadian Docu ‘Grand Prairie’ (EXCLUSIVE)

LOS CABOS, Mexico – On the eve of the Los Cabos Int’l Film Fest, Oscilloscope Laboratories picked up U.S. rights, while Northern Banner snagged the Canadian rights, to upcoming 70 mm docu “Grand Prairie,” with the latter deal facilitated by acquisitions consultant Tom Davia of Cinemaven. “Experimental projects from emerging filmmakers can be a risk, […]

Variety

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Tencent Continues to Snap Up Stakes in U.S. Startups

Tencent Holdings, the rapidly growing Chinese internet giant, is proving a welcome source of capital to America’s fledgling companies, with Snap the latest focus of its deep pockets.
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Gerard Darel to Open U.S. Boutiques in New York, Los Angeles

Paris-based contemporary fashion brand Gerard Darel will expand into the U.S. with the opening of freestanding boutiques in New York and Los Angeles beginning this month. The New York flagship will open at 145 Spring Street in SoHo on Nov. 8 and the Los Angeles location, in Westfield Century City, will open Dec. 17. The outdoor shopping center recently underwent a $ 1 billion renovation.
The stores will showcase Gerard Darel’s Parisian aesthetic with vintage furnishings fused with modern elements unique to the New York and Los Angeles locales. Both boutiques will carry the full range of women’s ready-to-wear, handbags, shoes and accessories.
The brand, which was founded in 1971 by Danielle and Gerard Darel, made its entry into the U.S. market via Bloomingdale’s shop-in-shops at 20 locations. Today it is sold in more than 50 countries, in more than 500 boutiques and shop-in-shops worldwide.
The label has amassed a celebrity following including Angelina Jolie, Jessica Alba, Olivia Palermo, Rosie Huntington-Whiteley and Halle Berry. It has also tapped Stephanie Seymour, Christy Turlington Burns and Robin Wright for past campaigns. Peter Lindbergh shot Wright at Chateau Marmont in Los Angeles. Gerard Darel’s current spokeswoman is French actress Charlotte Gainsbourg.
David Maruani, Gerard Darel’s director, said he believes

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U.S. Considers Suit Against AT&T’s Deal for Time Warner

The Justice Department is laying the groundwork for a potential lawsuit challenging AT&T’s planned acquisition of Time Warner if the government and companies can’t agree on a settlement.
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Porter Magazine Brings Incredible Women Series to U.S.

Porter magazine is bringing its Incredible Women List of 50 entries, which was published last month in its winter issue, to life with two events in the U.S. Tonight editor in chief Lucy Yeomans will host a question-and-answer with Misty Copeland, who was featured on the list, in New York and on Nov. 1 the magazine’s second annual Incredible Woman Gala will take place in Los Angeles at NeueHouse, hosted by Yeomans and Donna Langley, chairman of Universal Pictures. Both events are done in partnership with Estée Lauder.
The talk with Copeland is the fourth in Porter’s series, which previously featured Serpentine chief executive officer Yana Peel, conservationist Saba Douglas-Hamilton, and film director Sofia Coppola. Last year’s gala was held at the Victoria & Albert Museum in London, and instead of staging a typical awards show, Yeomans enlisted a company called Letter’s Live to create a performance element in which Natalia Vodianova, Christiane Amanpour and Florence Welch read letters Patti Smith, Martha Gellhorn and Tina Fey. This year’s gala will feature a similar performance aspect. “We look to celebrate women who in the past year have done something to affect positive change for women either in their field, industry or the

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Tencent’s ‘Honor of Kings’ Tries to Crack the U.S.

China’s Tencent is banking on a successful launch abroad for ‘Honor of Kings,’ but the hit smartphone game faces an uphill battle in the U.S., where the company can’t lean on its popular messaging apps to hook players.
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Gentle Monster to Open Second U.S. Store in Downtown Los Angeles

Korean eyewear brand Gentle Monster will open its second U.S. location and first West Coast store in downtown Los Angeles on Oct. 5 in an impressive new space that embodies the “high-end experimentation” and disruption the brand has become known for with its product, space, styling, culture redesign and technology.
The 4,800-square-foot museum-like space at 814 S. Broadway will include kinetic sculpture and interior installations by Floria Sigisomondi, and the opening night party will feature a performance by Victoria Modesta.
The Los Angeles store experience was inspired by traditional methods of harvesting, as the stretched path inside guides visitors through a journey reimagining the process of harvesting, drying and threshing ripened rice crops. The space was designed to touch on ideas associated with the season, and fall being the time of harvest.
Scarecrows greet visitors high on top of terraced “fields,” where mother-of-pearl finishes add a layer of Eastern ambience. Nearly 2,000 metallic rods, symbolizing rice, stand just behind the inner entrance. The twigs left after the harvest are represented by rugs designed by knitting designer Misu A Barbe. An installation by artist Jung Uk Yang at the far back of the space represents the final step in harvesting rice: threshing.
Downtown Los Angeles’

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Equifax Data Breach Potentially Affected 143 Million in U.S.

Credit-reporting firm Equifax said hackers gained access to personal information of about 143 million U.S. consumers, in one of the biggest and most threatening data breaches of recent years.
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Equifax Data Breach Potentially Affected 143 Million in U.S.

Credit-reporting firm Equifax said hackers gained access to personal information of about 143 million U.S. consumers, in one of the biggest and most threatening data breaches of recent years.
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Harvey’s Widespread Destruction Tests U.S. Shale

Tropical Storm Harvey has shut a significant portion of the state’s shale production, cutting off as much as 15% of U.S. oil supplies. Now, the big question is how quickly the sector can make a comeback.
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Fuse Preps U.S. Version of Fast-Paced British Celebrity Gameshow ‘Blink’ (EXCLUSIVE)

Fuse has ordered “Trivial Takedown,” a U.S. version of British pop culture gameshow “Blink” that the cable net promises will be “the fastest quiz on TV.” The show pits two celebrity contestants against each other in a head-to-head competition to identify music and pop culture icons. The format comes from British producer and distributor Zig… Read more »

Variety

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Donald Trump Says He Owns One of the Largest Wineries in the U.S. He Doesn’t

A fact-check of the president’s vino claim.

Lifestyle – Esquire

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