Lululemon faucets former Amazon exec as new CEO of its at-home gymnasium Mirror

Michael Aragon was previously the chief content officer of Twitch, Amazon’s live streaming business.

Source: Lululemon

Lululemon said Thursday it called earlier Amazon Managing Director Michael Aragon as Chief Executive Officer of his home gym, Mirror.

Aragon will also oversee Lululemon’s broader digital fitness endeavors, the retailer said in a press releasewho reports directly to the CEO of Lululemon, Calvin McDonald. The changes will take effect on January 17th.

Lululemon bought Mirror for $ 500 million in 2020. In September, then CEO Brynn Putnam resigned from their role. She founded the company in 2016.

Aragon was previously the chief content officer of Twitch, Amazon’s live streaming business. He also held positions at Sony groupto expand the PlayStation network.

In this new role, Aragon will face an increasingly competitive market for connected fitness equipment. Among the rivals are Peloton, Tonal, Hydrow and many others. The category exploded with interest as gyms temporarily closed and consumers looked for ways to exercise at home during the pandemic.

In December, Lululemon lowers its forecast for Mirror sales in fiscal year 2021 between $ 125 million and $ 130 million. Previously, the company had expected sales of $ 250 million to $ 275 million for the device, which will be wall-mounted and allow users to take cardio and other exercise classes.

Separately, Lululemon will oppose a. defend legal action filled in by Nike on Wednesday, which Mirror accused of infringing some of Nike’s patents.

Lululemon responded to the lawsuit by stating that Nike’s patents are “too broad and invalid. We believe in our position and look forward to defending it in court.”

Lululemon shares were unchanged in after-hours trading, closing the day up 1.7% at $ 368.77.

KLA faucets prime expertise for a Silicon Valley profession — Nice Lakes fashion

The construction of a second headquarters gave KLA the ability to prioritize inclusion and diversity when hiring new employees. An important part of KLA’s inclusion and diversity strategy are Employee Resource Groups (ERGs) – a collective of employees who come together with common interests in diversity. KLA ERGs include Women In STEM Empowered (WISE), Konexión, Black Employees Leading Excellence, Inclusion, Values ​​and Education (BELIEVE) and Mosaic. The Mosaic ERG originated in KLA’s Ann Arbor site and is a diverse group of employees who work together to create a culture of belonging through a multitude of people Inclusion and diversity activities. The aim of Mosaic is to use the diversity of backgrounds, experiences and points of view of KLA employees.

The opening of Ann Arbor’s headquarters comes at a crucial turning point for workplace and employee culture. In the midst of the rising talent war and changing employee expectations, KLA continues to improve its “whole person” approach, which focuses on development and empowerment, believing that every person naturally wants and will be successful. when the right environment and the opportunity to play to their strengths. Rather than building its recruitment program solely on experience, skills or degrees, KLA looks for attitude, intelligence and curiosity as the basic raw materials for success.

NBA faucets Tencent Music Leisure for audio content material partnership

QQ Music platform to offer official NBA podcasts.

Getty Images

  • Amateur podcasters are given the opportunity to create NBA content
  • NBA fans get a special QQ Music subscription offer

The National Basketball Association (NBA) has entered into a new content partnership with the Chinese music streaming service provider Tencent Music Entertainment (TME).

Under the new agreement, TME’s QQ Music platform will host a range of official NBA podcasts, as well as host a podcast creation contest for amateur podcasters. There will also be a special subscription for NBA fans that offers the chance to win tickets among other offers.

Musicians are also expected to work with the NBA and TME to promote league events.

QQ Music, a freemium music streaming service, is a joint venture between TME and audio streaming giant Spotify. The Swedish company has a stake in TME together with the majority owner of the Chinese technology group Tencent. Along with KuGou and Kuwo, QQ is one of the most popular streaming apps in China.

The deal continues the NBA’s lucrative sponsorship operation. In June, a study by the IEG found that the league and its 30 teams generated a record $ 1.46 billion in sponsorship revenue in the 2020/21 season. This corresponds to an increase of six percent compared to 2019/20.

IEG added that league-level partnerships were the main driver behind the increase in sales, with the NBA signing 13 new contracts. It added that league-level sponsorship spending has increased nearly 50 percent since the 2017/18 campaign.

ECB to maintain cash faucets broad open at the same time as restoration takes maintain

The European Central Bank is almost certain that it will maintain a generous stream of incentives at the policymakers’ meeting on Thursday as it fears that higher borrowing costs could stifle a nascent recovery.

Just emerging from a double-dip pandemic recession, the eurozone economies in 19 countries have relied on unprecedented ECB incentives to stay afloat. And even if growth accelerates with the relaxation of COVID-19 restrictions, policymakers seem interested in remaining on the side of caution.

Recent comments from ECB President Christine Lagarde and Board Member Fabio Panetta suggest that the June discussion effectively ended well before Thursday’s meeting and a cut in bond purchases is unlikely, even if policymakers see an improvement in growth prospects and do so quickly Recognize the speed of vaccinations.

Panetta flatly opposed a reduction in emergency bond purchases, while Lagarde said it was “far too early” to discuss a curtailment of the bank’s € 1.85 trillion Emergency Purchase Program (PEPP). Continue reading

Even if politics could take another route, they usually stand behind their presidents and rarely make changes to the proposals of the six-member Executive Board.

Weak medium-term inflation outlook is the main reason for maintaining strong support, but policy makers also fear that borrowing costs will rise, so an ECB withdrawal could trigger potentially dangerous market volatility.

“The longer the ECB waits before admitting that the reasons for keeping its emergency pandemic purchase program in full swing are no longer as strong as in March, the less smooth the transition to fewer bond purchases could be in the future,” said Berenberg That said the economist Holger Schmieding.

“If so, bond yields could pick up more after a while.”

Eurozone government bond yields traded near their lowest level since April on Thursday.

SEPTEMBER

To make matters worse, the ECB could likely push most, if not all, of its growth and inflation forecasts upwards and even raise its growth forecast by declaring risks “balanced” to replace a long-running line on downside risks.

The rate of inflation is also rising and last month exceeded the ECB’s target of just under 2%, a mark that it has largely fallen below in the past ten years. Continue reading

But the economy will take another year just to grow back to pre-pandemic levels, and the jump in inflation is mainly a reversal of last year’s energy price slump, not the start of a new era of price pressures, policymakers said.

Underlying price pressures, a key focus of the ECB, remain anemic and wage growth is weak, suggesting inflation will be under-inflated for years.

Europe is also well behind the United States in its recovery, so any withdrawal of support from the Federal Reserve would be viewed as a dangerous signal.

US inflation data, due to be released at 1230 GMT, is expected to show prices up 4.7% last month from 4.2% in April, with a stronger reading likely to rekindle speculation about fewer Fed bond purchases.

In both Japan and China, wholesale prices rose at the fastest rate they had for over a decade due to rising raw material prices. Continue reading

“Given the nervousness of the markets over the throttling talks and the ECB’s determination to distance itself from preparations for the US throttling in the summer, the ECB is likely to signal unchanged purchases through September,” said Anatoly Annenkov, economist at the Societe Generale.

But the end of the emergency buying is coming and policymakers are unlikely to expand the program or extend it beyond its scheduled end in March 2022 amid the solid recovery in the economy, economists polled by Reuters said.

This will put pressure on policymakers to move beyond the emergency buying of bonds. Some signals for this could come as early as September, say economists.

As the medium-term inflation outlook remains subdued, declining PEPP purchases are likely to go hand in hand with an expansion of the ECB’s less flexible but open-ended asset purchase program, signaling that the ECB’s support, albeit less generous, will continue well into the Future.

The ECB will announce its monetary policy decision at 1145 GMT, followed by Lagarde’s press conference at 1230 GMT. With Thursday’s decision, the bank’s deposit rate, its benchmark, will stay at minus 0.5%.

Our standards: The Thomson Reuters Trust Principles.

Regina Corridor Faucets Tom Heller As President Of Her Rh Adverse Leisure – Deadline

EXCLUSIVE:: Regina Hall has brought in Foxcatcher and Mud Executive Producer Tom Heller to serve as president of her production clapboard, Rh Negative conversation, which recently signed its first television deal with Showtime and a six-picture deal with ViacomCBS’s MTV Entertainment Group.

“Tom is an exceptional producer and we share a parallel approach to business and vision for the future,” said the Black Monday EP and the star. “I look forward to our creative endeavors and look forward to discovering new and compelling ways of storytelling together.”

Heller joins Rh Negative after working as a partner in the film and television production company Catch & Release Films. The industrial veterinarian started at ICM before heading the financing and production company Everest Entertainment for seven years.

‘The Best Man’ Limited series with original cast commissioned by Peacock by Malcolm D. Lee & Dayna Lynne North

His producing and executive credits include critically acclaimed films such as the Lee-Daniels-directed drama Precious, Danny Boyle’s 127 Hours, and Win-Win with Paul Giamatti, directed by Oscar-winner Tom McCarthy.

Heller also produced Sony Pictures Classics’ Foxcatcher starring Steve Carell, Channing Tatum and Mark Ruffalo after discovering the source material for the story in 2004 and acquiring the rights to life from Olympic wrestler Mark Schultz. The film was nominated for five Academy Awards.

“For a long time I admired Regina as an extraordinary talent with remarkable taste and couldn’t be more enthusiastic to team up with her,” said Heller. “We share a shared vision to make Rh Negative Entertainment a home for resonant, original stories and the next wave of creators. I’m really excited to be working closely with her, along with our partners at Showtime and Viacom, to create impactful content across all media. “

Rh Negative aims to produce diverse projects through the lens of telling meaningful and impactful stories.

J.W. Roth Faucets Chris Phillips to Function President of B Leisure

21-year-old entertainment manager leads growth initiatives for parent company Boot Barn Hall, Bourbon Brothers and Buttermilk

COLORADO SPRINGS, Colo., March 11, 2021 / PRNewswire / – B Entertainment announced today Chris Phillips will move to B Entertainment with effect as President April 1, 2021.

JW Roth appoints Chris Phillips as President of B Entertainment

Phillips will join the company after a 21 year career managing key professional entertainment properties including subsidiaries of the Colorado Rockies and Milwaukee Brewers. Phillips will bring his 21+ years of professional entertainment management experience to B Entertainment to oversee the growth of the business, open the new entertainment campus across the country and oversee the launch of the company’s music festival business. The company is actively acquiring land in strategic coast-to-coast markets where it will replicate its multi-million dollar entertainment campus in Northern Colorado Springs, anchored by Boot Barn Hall, Bourbon Brothers and Buttermilk.

While Phillips is most prevalent in the Colorado Springs As the face of our local professional baseball franchise, he is also an active member of the music community and a board member of the MeadowGrass Music Festival. Phillips brings with him a real passion for music, which is complemented by his unmatched track record in entertainment management.

“This is an incredible opportunity to work with a rapidly growing dynamic company with exciting plans for growth and expansion,” said Phillips. “This is an opportunity that will allow me to stay in the entertainment business, now with an emphasis on music and the growth of the music scene and culture in our great city and across the country – something that I really love.”

In addition to his primary role overseeing the music, program and launch of the music festival business, and nurturing the company’s relationship with AEG, Phillips will manage and grow the company’s impressive sponsorship partnerships. The company currently has national sponsorship deals with companies such as Boot Barn, Coca-Cola and Coors Brewing Company, among others.

The story goes on

“My vision for this business is to become the nation’s leading provider of live entertainment and restaurant hospitality. To do that, I need to focus on the closing business. That’s why I started looking for an experienced entertainment manager who could takes a parallel path for entertainment. ” and sponsorship management side of the company and Chris fits that role like hand in hand, “says JW Roth, founder and chairman of B Entertainment.” Part of our growth will include corporate finance initiatives that involve exploring the company’s possibility at some point to be listed on the stock exchange in 2022. So it was crucial that we find the right man for this role. “

About B Entertainment: B Entertainment is the parent company of the award-winning restaurant and entertainment hotels Bourbon Brothers Smokehouse and Tavern, Boot Barn Hall and Buttermilk, a breakfast restaurant. Located in Colorado Springs, ColoradoThe company was founded by the father-son team and JW Roth Mitchell Roth.

B entertainment
(719) 219-0775
media@b-entertainment.live

decision

decision

View original content to download multimedia:https://www.prnewswire.com/news-releases/jw-roth-taps-chris-phillips-to-serve-as-president-of-b-entertainment-301245915.html

SOURCE B Entertainment