Reynolds invested in Aviation, which was originally founded by a bartender and distiller duo in the Pacific Northwest, mostly because he liked it so much that he couldn’t stop thinking of ways to help it succeed. Which is pretty much the same reason he purchased a significant ownership stake in four-year-old Mint Mobile last year. Mint is what’s known as an MVNO—a mobile virtual network operator—which means it purchases excess wholesale capacity from a big nationwide network (T-Mobile, in Mint’s case) and rebundles it for customers. MVNO brands, which include Boost Mobile, Google Fi, and carriers’ own low-cost options such as AT&T’s Cricket, typically have no retail footprint and relatively tiny marketing budgets. That’s where Reynolds saw an opportunity. He felt the value proposition was so strong—most Mint plans are $15 a month, compared to around $60 for the major brands—that his unique ability to get the word out would … [Read more...] about Ryan Reynolds on ‘Deadpool,’ diversity, and the secrets of successful marketing
Pressing world issues
- Phase 3 (2014 to 2019) – Successful domestic acquisitions: Having learned from its mistakes made in the preceding phase of international acquisitions, Pidilite resumed its focus on frequently acquiring smaller domestic competitors in its core business. For example, Bluecoat has been acquired for ~Rs 260 crores (6% of FY14-19 operating cash flows) and Suparshva for an undisclosed consideration. These acquisitions have turned out to be substantially RoCE accretive for Pidilite. The firm has also deployed ~Rs 300 crores over FY14-19 (~7% of operating cash flows and ~2-3% of capital employed over this period) to acquire businesses in adjacent categories (CIPY – floor coatings; Nina and Percept – waterproofing contractors) and has formed JVs with MNCs like ICA for niche products like wood finishes. These businesses have shown significant improvement in financial performance post-acquisition. In addition to disciplined capital … [Read more...] about Saurabh Mukherjea’s investment mantra to navigate through a crisis: Part-2
Larsson had signed a deal last year with Huawei to promote its smartphones. The 22-year-old singer, in an interview with broadcaster TV4, said that she has ended her contract with the number one smartphone manufacturer in the world, stating that China "is not a nice state” and she did not want to support what the country “was doing.” … [Read more...] about ‘It’s not something I stand behind’: Swedish singer Zara Larsson ends her collaboration with Huawei
Shashank Kanodia, Analyst, ICICI direct said: "Yes certainly, auto numbers in July 2020 signal recovery from COVID-19 induced shock. The recovery however is being led by the rural and semi-urban focussed segments namely tractors and motorcycles. At the retail level for the industry, volumes are back at near 65 percent of pre-COVID levels. Domestic three-wheelers as well as M&HCV segment however are yet to see meaningful recovery." … [Read more...] about July auto sales signal recovery: Should you buy stocks from the sector?
“At the end of the day, we’re all just up there searching for our voice and trying to tell our story, and I have one story of a Black lesbian woman,” Jay says. “But it’s just one. There’s so many out there. And so my story may not be everybody’s experience. I just hope that it reaches the people who can be moved by it [and that they] are moved by it, the people that can be helped are helped, and the people that can be changed are changed.” … [Read more...] about Comedian and ‘SNL’ writer Sam Jay represents herself on her new Netflix special