Showing 208 results for:
business
Popular topics
All results
Jayson Tatum is making moves on and off the basketball court as he explores potential investment opportunities in a WNBA franchise in St. Louis, MO. As interested parties compete for ownership of the league’s upcoming 16th team, the Boston Celtics star has informally committed to supporting the franchise, according to Sportico. As AFROTECH™ previously reported, Tatum secured a record-breaking five-year, $315 million contract extension in July and now plans to work behind the scenes, helping attract other high-profile investors and advocating for the WNBA team. “St. Louis is a top-tier sports market, and we believe that bringing a WNBA franchise to the region will be a defining moment in the city’s ongoing revitalization,” said Don Soffer, the spokesperson for the effort to establish the 16th team in St. Louis, per Sportico. Tatum’s potential involvement follows a change in the NBA’s collective bargaining agreement, ratified in April 2023, which, as OnFocus previously reported, now...
For Dr. D’Wayne Edwards, innovation has always been the driving force behind his work as a shoe designer. With more than 50 patents under his belt, as well as a college among the Historically Black Colleges and Universities, he is committed to uplifting the next generation of designers. Collaborating with brands like Nike, adidas, and quite a few household names, his love for creating keeps him going every day. 2024 has been quite the year for Edwards. In February, he reopened the doors to the first HBCU with a focus on design through the Pensole Lewis College of Business and Design (PLC), which he founded in 2021 in Detroit, MI. Now, he has officially partnered with Target to launch ÜNOS by Sz, an adjustable footwear line created uniquely for growing families. “For a long time, it’s always been my goal to do something that was much more affordable for people who could afford everyday things,” Edwards told AFROTECH™ in an exclusive interview. “I just felt like everyday things, if...
Louis Vuitton Moët Hennessy (LVMH) has sold Off-White LLC to brand management company Bluestar Alliance, marking a significant transition for the luxury fashion brand Virgil Abloh founded in 2012. Women’s Wear Daily reported that while the financial terms of the deal remain undisclosed, Bluestar CEO Joey Gabbay emphasized the company’s commitment to honoring Abloh’s legacy, fostering innovation, and embracing diversity. “Virgil was a creative pioneer who had a profound impact on the global fashion industry and creative community,” said Gabbay. “Acquiring Off-White represents a unique opportunity for Bluestar Alliance to honor and build upon the enduring legacy of Virgil Abloh.” Originally called “PYREX VISION” in 2012, Off-White — Abloh’s first official fashion venture — launched in 2013 and quickly became known for its unique blend of influences and signature designs. The brand was shortlisted for the LVMH Prize in 2015. Abloh died of cancer at the age of 41 in 2021. When the deal...
Mark Cuban believes it’s only a matter of time before an NBA player signs a $1 billion contract. The Dallas Mavericks’ minority owner shared his thoughts during an appearance on Shannon Sharpe’s “Club Shay Shay” podcast. When Sharpe asked if he thinks the world will ever see such a monumental deal, Cuban responded, “Yeah, but that presumes that TV keeps on going up the way it is. But, you’re going to see a hundred million dollars a year here shortly. Because if the TV contract has 10% increases in the cap, [which is] the way the CBA works. You saw Steph [Curry] had 62 million for one year… and it’s going to go crazier.” The Collective Bargaining Agreement (CBA) defines the employment guidelines and agreements for all professional basketball players in the National Basketball Association, per its website . It also outlines the rights and responsibilities of the NBA Clubs, the NBA, and the National Basketball Players Association (NBPA). Sharpe’s question was prompted by 25-year-old...
Amazon is pulling the plug on its remote work policy and reinstating a full-time office presence, reverting to pre-COVID operational norms. CEO Andy Jassy shared the news on Monday, letting employees know to prepare to return to the office full-time starting on Jan. 2, 2025, as the world’s largest online retailer works to strengthen its culture and teams. In a memo to employees , Jassy stated, “When we look back over the last five years, we continue to believe that the advantages of being together in the office are significant.” He asserted that the last 15 months of hybrid work have only strengthened this belief, noting that “collaborating, brainstorming, and inventing are simpler and more effective” when teams are physically present. According to Fox Business, Amazon shifted from a remote work model to a mandatory three-day-in-office policy in May of last year. The retail giant’s CEO reflected on the pre-pandemic work culture in his memo, explaining, “Before the pandemic, not...
Beyoncé is taking her talents to the spirits industry! The “Cowboy Carter” songstress continues to defy industry standards while paying homage to her Southern roots. This time, she’s introducing her line of American whisky alongside Moët Hennessy, which falls under the French luxury goods giant LVMH. In a press release shared with AFROTECH™, the brand revealed that SirDavis has been in the making for years, offering an “unexpected take” on whisky through its “ bespoke recipe,” unusual maturation process, and distinct taste profile, influenced by Japanese and Scottish styles. Beyoncé debuted the beverage i n a post shared to Instagram, with the comment “Davis in my bones” alongside emojis of whisky glasses. According to Forbes, the whisky industry is the same one that made her husband, Jay-Z, a billionaire. The Houston, TX, native may very well join the billionaire ranks herself with an estimated net worth of $760 million. View this post on Instagram A post shared by Beyoncé...
A historic Black-owned beach in South Carolina is quickly becoming one of the hottest luxury vacation destinations in the states, and it is currently the only incorporated Black beach to sit in the U.S. During the early 1930s, Atlantic Beach was founded by a group of Gullah Geechee as a haven for Black people who were not allowed to occupy the same beaches as white people in South Carolina. Defying Jim Crow laws, the strip of primarily Black-owned coastal properties, dubbed “The Black Pearl,” broadened the enterprises of coastal Gullah Geechee people. A host of hotels, restaurants, nightclubs, and novelty shops were developed just miles from Myrtle Beach. Now, two trailblazing founders are on a mission to continue honoring the rich history that makes up the area. Although they are business partners, Tiffany Bailey Lash, Ph.D., and Tashni-Ann Dubroy, Ph.D., MBA, have a relationship that is rooted in sisterhood. Together, the HBCU alums and friends are on a mission to revitalize and...
Keturah Orji isn’t your average Olympian. As a force in track and field, Orji is attending the 2024 Olympics through the USA Track and Field team. Her eyes are set on the gold as her retirement plans are underway. Orji is a two-time Olympian and a 10-time U.S. champion in the sport. When she’s not on the track, she is committed to helping to spread financial literacy to others, especially the youth in her community. “When people believe in you, you’re able to accomplish so much more,” Orji told AFROTECH™. With a busy schedule, she said she still wants to find time to use her love for learning to inspire others. Importance Of Financial Literacy As a financial planning major in college, Orji took courses on wealth management, retirement planning, and various money-related topics . “It opened my mind to how much information there is that we’re not exposed to,” she said. “I didn’t grow up knowing any of that; I only knew about saving.” As a full scholarship student at the University of...
Artificial intelligence (AI) can sometimes seem unpredictable and even scary, but Cliff Worley wants to help business owners understand how it can help them take their companies to the next level. Worley stresses the importance of taking the time to learn AI tools rather than immediately running away from the ever-evolving technology without ever attempting to understand it . As an accomplished marketing leader and growth advisor to startups, he has an affinity for helping entrepreneurs elevate their businesses. Worley is on a mission to do so by teaching them how to use AI to the advantage of the business they’re looking to grow and scale. View this post on Instagram A post shared by AFROTECH™ Conference (@afrotech.conference) Currently, Worley is the head of portfolio growth marketing at Kapor Capital. He provides strategic coaching to venture capital-backed companies on how to effectively go to market and scale customer acquisition. He also curates a newsletter called “Cliff...
This New Orleans, LA, entrepreneur has his sights set on a hospitality takeover! When serial hospitality entrepreneur Larry Morrow and his mother, Lenora Chong, opened the doors to Morrows in 2018, it was all a part of the bigger vision to bring more Black-owned restaurants to the vibrant, history-rich city of New Orleans. Fast-forward to 2024, nearly six years later, Morrow and company have opened the doors to Morrow Steak, a second steakhouse located in the Crescent City, Blavity reports. The restaurant, which seats about 125 people, and is geared toward celebrating any type of special occasion, features a menu that is yet another nod to Morrow’s Korean background on his mom’s side with a blend of classic steakhouse fare and Asian-inspired dishes. From a tomahawk ribeye and wagyu steak to broiled snapper, marinated pork chops, and side dishes like lobster mac and cheese, Morrow’s Steak has a little something for everyone. Its vegan dishes like kung pao cauliflower allow Morrow to...
A resurfaced clip concerning a teacher who downplayed Beyoncé’s future in music is making its rounds on the internet. The 2023 clip came from an episode of “The Mindvalley Podcast with Vishen Lakhiani,” in which Beyoncé’s father, Mathew Knowles, recalled an incident prompting him to come to his daughter’s defense. The incident in question involved an elementary school teacher who made comments about Beyoncé’s commitment to music overshadowing her focus on core school subjects, Atlanta Black Star reports. “This was a Montessori school, and I was on the board there,” said Knowles, recounting his daughter’s time as a student at the school, St. Mary of The Purification, located in Houston, TX’s Third Ward neighborhood. “And this teacher walks up to me and says, ‘Well, you know Beyoncé made a C+ in math, and she could do better, and she’s spending too much time with music.’” He also noted that the teacher shared that Beyoncé was “always talking about music and singing,” and that she was...
Victoria Monét is the latest star to bring her talents to the video game industry. The “Jaguar II” crooner took to X, formerly Twitter, to share the news that her dance moves have made it to “Fortnite.” The popular online video game and platform, developed by Epic Games, was first released in 2017. For one of its games, “Fortnite Battle Royale,” the main objective is to be the last one standing on Battle Royale Island. Playable characters can “loot, build, explore, and fight” against 99 other players in the match to be declared the winner. Now, Monét is bringing the moves and choreography for her hit single “On My Mama” to the video game. “Fornite said lemme show ya’ll why they’re called V bucks,” she said in a post shared via X. “The ‘Lookin Good’ emote inspired by ‘On My Mama’ by Victoria Monét is now available.” The “On My Mama” music video, which now has amassed 62 million views on YouTube, is directed by Los Angeles, CA-based Grammy-nominated creator, child, per BET. It was...
In November 2023, Brick City Vegan became Montclair, New Jersey’s only 100% plant-based vegan restaurant. Today, its culinary commitment is rooted in changing the culture’s mindset about eating plant-based foods. Brick City Vegan founders Adenah Bayoh and chef Emeka Onugha provide an array of dishes, such as made-from-scratch biscuits and plant-based burgers, that are not only better for its diners but for the planet overall, KGET.com reports. “I made the choice to become a vegan due to some health issues that I found myself dealing with,” Bayoh recalled in an interview with Blavity. “The food I loved growing up suddenly started making me sick, so I knew I had to listen to my body. It hasn’t always been easy because I’m a big foodie! I absolutely love good-tasting, satisfying food, and for a long time, people believed that being vegan meant we only eat lettuce, fruits, and veggies. Brick City Vegan is here to show the world that a plant-based diet can be just as tasty and fulfilling...
The music catalog company holding the hits of artists like 50 Cent, Eric Bellinger, John Coltrane, and a host of others has officially been sold. Hipgnosis, which is described as having “a collection of proven hit Songs of cultural importance by some of the most talented and important Songwriters globally,” per its website, has sold its assets to Blackstone for $1.6 billion. Additionally, its leader, Merck Mercuriadis, who was once responsible for managing Beyoncé, has also stepped down from the company, The New York Times reports. The Hipgnosis Songs Fund is an “investment trust” currently listed on the London Stock Exchange in the U.K. and owns the rights of “tens of thousands of songs,” per the outlet. During a meeting on Monday, July 8, 2024, a board for the company voted to accept an offer from Blackstone, worth $1.6 billion, to purchase its assets. Already, Blackstone had taken majority control of the company’s “investment adviser” side of the business through a $1 billion...
What was supposed to be a big moment in one photographer’s life has turned into a tale of survivor’s remorse after he claims that Nike tricked him out of credit for a photo he captured of Michael Jordan that would go on to become the logo for the company’s Jordan Brand. In a new short documentary, “Jumpman,” Jacobus “Co” Rentmeester accuses the leading athletic company of copying his work to create the Jordan Brand logo that has graced a plethora of sneakers and clothing products for decades. Originally shot during a photo shoot commissioned by Life magazine for the 1984 U.S. Olympic team, Jordan was instructed to perform a grand jeté, which is “a classical ballet move where a dancer jumps and spreads their legs wide,” Fortune magazine reports. Today, the Jordan Brand is worth $6 billion. However, Rentmeester’s disdain comes from what he believes was negligence on Nike’s part to properly credit and compensate him for the role his photo may have played in inspiring the logo. View...