“Hey, Stud,” beckons type printed on a wall as I stepped into Studs, the new piercing studio in New York’s Nolita district. I was there to check out the new store, jewelry collection, and to get my cartilage pierced, and was cheerfully greeted by co-founders Anna Harman and Lisa Bubbers, who had piercings of their own sparkling daintily across their ears. advertisement advertisement A store associate asked if I’d like a water or Recess (the CBD-infused sparkling water), and I passed the neon-backdropped “Ear Bar” to sit down with the co-founders on silver stools to talk about how the concept came to be. Harman explained that the experience of getting piercings at a tattoo shop last year left her wanting more: It was expensive, and the jewelry choice was limited. The alternatives didn’t seem great either; there was the mall staple Claire’s, or expensive boutique jewelers. I could relate: This wasn’t my first piercing, but … [Read more...] about I got pierced at Studs, the startup that wants to be Claire’s for Gen-Z
On a drive down the Pacific coast from San Francisco at the height of the first tech bubble, Magatte Wade had a sudden epiphany. She had a successful career, but she couldn’t stop thinking about friends and family struggling to find work back in Senegal, where she’d grown up. advertisement advertisement “I just basically lost it,” she says. “I was no longer able to reconcile the discrepancy between the type of life that I was afforded to live, and for those who stayed back home.” For years, she’d heard the stories of friends or acquaintances heading for Europe in tiny fishing boats, desperate to find work. “You’d get the news that the boat didn’t make it,” she says. “And there’s nothing you can do.” She decided to change careers and work on the heart of the problem: creating local jobs so people didn’t feel forced to leave home. The answer, she thought, was social enterprise. Her first … [Read more...] about How A Skincare Company Is Creating Jobs In Africa And Ending The “Thatchwork Ceiling”
Launched in April last year, the ImpactUs marketplace was supposed to open up impact investing to new organizations and new funders. It was meant to be a major development in the emerging–but still limited–field of investing for both financial, and social and environmental, benefit. But, little more than eight months later, it has closed. “The ImpactUs Marketplace was formed with the goal of simplifying the impact investing process,” reads a message on the group’s website. “Unfortunately, we have had to make the difficult decision to cease operations.” advertisement advertisement By making it easier for investors and mission-driven organizations to find each other and do business, the Kickstarter-like platform was set to spur major “new deal flow,” according to its founders. They hoped to be doing deals worth $100 million by now, and to have $3 billion in assets under management within 10 years. But … [Read more...] about This Impact Investing Platform Was Set To Be A Game-Changer. So Why Did It Fail?
Zee Entertainment Enterprises share price rose 15 percent in the early trade on November 21 after promoters of the media house mulled selling their stake in the company.Essel Group, a promoter of the company, is looking to sell up to 16.5 percent stake in the media company.After the transaction, Essel's holding will come down to five percent in the company, out of which encumbered holding will be 1.1 percent.Close The stake sale will be to clear loan obligations to certain lenders of the group. related news D-Street Buzz: Oil & gas stocks fall led by BPCL; L&T gains, UCO Bank zooms 16% GE Shipping share price gains 3% on closure of buyback Reliance Capital share price locked at lower circuit after assets sale restriction Also Read - Essel Group to lose controlling stake in Zee EntertainmentOf the 16.5 percent, 2.3 percent will be sold to OFI Global China Fund -- a subsidiary of Invesco Oppenheimer Developing Markets Fund -- which already held 8.7 percent stake in the … [Read more...] about Zee Entertainment share price rises 15% on stake divestment
To clear its loan obligations, debt laden Essel Group on November 20 announced plans to sell 16.5 percent stake in its flagship company Zee Entertainment Enterprises to financial investors.Promoter Subhash Chandra along with his family owes over Rs 7,000 crore to domestic lenders, including mutual funds, and Russian lender VTB.The promoter and promoter group holds 22.37 percent equity in ZEE, of which 96 percent was pledged with lenders, as per shareholding data available on the exchanges.Also read: Is Subhash Chandra’s stake reduction good news for Zee shareholders?With this stake sale, mutual fund experts believe that fund houses will get back their capital stuck with the Essel Group. “All lenders debt will be cleared through this stake sale, and in some cases fund houses will be able to recover their lost valuations,” said Dhirendra Kumar, CEO, Value Research, a mutual fund research firm.In September, Essel group had made a part payment to the … [Read more...] about Subhash Chandra stake stake in ZEE | Will it release logjam for MFs?