The Worlds Richest Actress🍿
This Week in Review ☕️ : Hollywood x Blackstone | Hermes Handbags drive sales | Big Spenders splurge on Luxury Goods | Online Grocery Shopping Booms | The Amazon Rainforest to be privatized this year
Quick Bites:
Hollywood 🎥 : Reese Witherspoon's media firm 'Hello Sunshine' sells for $900mn to Blackstone-backed company.
Reese Witherspoon: Actress, Oscar-Winner, Book Club Queen, Billionaire.
Elle Woods would be so proud of Reese Witherspoon right now!🙌🏻
PS. Now that she's rollin in dough, can she fast track Legally Blonde 3 into production already?!
"I'm going to double down on that mission to hire more female creators from all walks of life.”
So, Reese is selling her female-led business to a group that doesn't have 1 female at an exec level and only 2 on its board?
Also, selling to a private equity-backed firm is an interesting way to double down on principles.. just sayin
Either way, the A-lister's bet on herself and female-focused stories has paid off BIG TIME👇🏻
According to Forbes, Witherspoon is now worth half a billion dollars, with the publication naming her "The World's Richest Actress."
Hello Sunshine's production slate includes hit series like HBO's Big Little Lies and Apple's The Morning Show.
Hello Sunshine is also adapting the best-selling novel Where the Crawdads Sing.
Our Thoughts💡: Personally, we’re still annoyed that Witherspoon didn't get an Emmy nomination for Little Fires Everywhere
Food 🥑 : Grocers capitalize on digital platforms to drive growth in 2021.
Before the pandemic, online grocery shopping was most common in urban, tech-inclined millennials.
According to Forbes, 81% of consumers had never bought groceries online in 2019, but during the pandemic nearly 79% of shoppers ordered online.
Online shopping has also led to a more personalized experience for users- and grocers have seized the opportunity.
A step towards personalized recommendations, combined with powerful AI algorithms, has led to increased sales via targeted marketing.
This represents the 'new normal'- especially for fresh & frozen food companies.
Besides the enhanced user experience, online groceries also paves the path towards sustainability by reducing waste.
In an attempt to eliminate the 80 billion pounds of annual food waste in the US, companies are selling produce at discounted prices online that would otherwise be dumped by traditional grocers.
Our Thoughts💡: Enroute home after 5 excruciating hours of getting our wisdom teeth removed. Our grocery cart is filled with Yoghurt, Pudding, Jello, Sherbet and Ben & Jerrys Cookie Dough.
Should be home by the time we get in and we're NOT complaining 🙏
Big Tech 📲 :Amazon faces the biggest-ever European Union privacy fine. The bloc hit the e-commerce giant with a $888mn penalty for data protection violations.
The money will be delivered in a brown box by 6 pm on Monday. If the EU has Prime, maybe by noon 📦
The total is almost 15 times bigger than Google's $60mn penalty from 2019.
And the record-breaking country bringing the fine is Luxembourg.
Luxembourg's Data Privacy regulator has accused Amazon of misusing customer data for targeted advertising purposes.
Our Thoughts💡: Forgive our surprise but Luxembourg is not best-known for its blistering data penalties?
Either way, we did the math.. Based on our shopping cart, probs gonna take Bezos less than an hour to make it back
Luxury Fashion 👜 : Hermès sales return to pre-pandemic levels as shoppers splurge on luxury goods after a year of savings.
Seems like the madness for an Hermès Birkin bag- a status symbol of rarefied wealth- is such that not even the deadly Delta can dull demand for it.
Hermès International’s revenue more than doubled to 127%in Q2. Sales were up 77% compared to 2020 and 33% higher than in the same period in 2019.
The stellar growth follows Louis Vuitton owner LVMH, which recently posted a 40% gain from 2019 for its key fashion and leather goods unit, Business of Fashion reports.
Goodbye Saver-Scrooges and Hello! Big Spenders!
Our Thoughts💡: The Hermès store in Philly is giving away free Birkins if you can run fast enough.
Although, does this matter in a state where you can shoplift freely..?
Environment 🌎 : The Amazon Rainforest is fast reaching a point of no-return, Bloomberg reports.
Brazil's government is actively campaigning to open up the rainforest to privatization and development.
The way we're turning everything into factory production for profit is deeply disturbing.. Is anyone else terrified?!
In the last 5 decades, the Amazon has lost an area the size of California due to deforestation.
"It will become a savanna rather than a rainforest. It will pump greenhouse gases into the atmosphere instead of pulling them down. [..]As many as 10,000 species may be at the risk of dying off,"
-Bloomberg
Our Thoughts💡: Well, the US just got out of a trillion dollar war in Afghanistan. May as well try something out in the Amazon?
Quicker Bites:
China's world record holder Li Wenwen takes the gold in Women's +87kg Weightlifting.
Dozens of wildfires are burning across Turkey's Mediterranean and Aegean coastal regions.
US gymnast Simone Biles wins bronze on balance beam, in a marvelous return to Olympic competition.
Lament Marcell Jacobs is the 1st man to win the 100-meter dash other than Usain Bolt since 2004.
Australia's Emma McKeon becomes first female swimmer to win 7 medals at a single Olympics.
'Mental health first before your sport,' Simon Biles says after dropping out of the Olympics gymnastics team competition.
Political unrest continues in Tunisia.
J&J withdraws proposal for speedy vaccine nod.
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