Friday Press Review I May 28, 2021

 

Here are some of the most interesting articles of the last weeks selected by The Consultancy Group: 

FASHION - BIG NAMES JOIN EUROPEAN TEXTILE INITIATIVE 

A raft of major names are taking part in a new textile recycling drive with the launch of the Sorting for Circularity Project that, as its name suggests, aims to improve textile sorting so more used textiles can be recycled rather than discarded. Those brands and retailers taking part in the Fashion for Good-driven project include Bestseller, Adidas and Zalando as brand partners, as well as Inditex as an external partner. Fashion for Good partners Arvind, Birla Cellulose, Levi Strauss & Co, Otto and PVH are also part of the wider working group.. Read more...

AS MUCH AS $365 BILLION WIPED OFF CRYPTOCURRENCY MARKET AFTER TESLA STOPS CAR PURCHASES WITH BITCOIN

Hundreds of billions of dollars were wiped off the entire cryptocurrency market after Tesla CEO Elon Musk tweeted that the electric vehicle maker would suspend car purchases using bitcoin.At around 6 p.m. ET on Wednesday when Musk made the announcement, the value of the whole cryptocurrency market stood at around $2.43 trillion, according to data from Coinmarketcap.com. By 8:45 p.m., the market capitalization had dropped to around $2.06 trillion, wiping off around $365.85 billion.. Read more...

FISU CONFIRMS NEW DATES FOR CHENGDU 2021 SUMMER WORLD UNIVERSITY GAMES

The International University Sports Federation (FISU) has announced the new dates for the Summer World University Games following the postponement of the event to 2022. Chengdu is set to stage the multi-sport event from June 26 to July 7, the fourth different dates the Games have been given.The Games had been due to take place from August 8 to 19, before being moved to August 16 to 27. The postponement of the Tokyo 2020 Olympic and Paralympic Games forced another alternation and the dates shifted to August 18 and 29.  Read more...

GOLFWEAR IS HAVING A RENAISSANCE AND HERE'S WHY IT'S A HOLE IN ONE

Marrying sleek silhouettes with versatile materials, golfwear is having a major moment, with every brand and its dog getting in on the craze. With Mr P and Reiss throwing their visors in the ring, going 18 holes just got a whole lot more stylish. Sportswear becoming streetwear is a tale as old as time. First Adidas and Nike were elevated to designer status; now golfwear is having a moment in the spotlight. While other sports such as tennis and polo have clear (and stylish) uniforms, golfwear has traditionally been a jungle of Titleist baseball caps and lairy, ill-fitting trousers. Read more...

CRYPTO COLLECTIBLES ARE SELLING FOR THOUSANDS

The cryptocurrency world is abuzz with talk of digital collectibles, unique virtual tokens that can represent anything from art to sports memorabilia.People have been paying hundreds of thousands of dollars for these NFTs, or non-fungible tokens. One investor, Sheldon Corey from Montreal, Canada, told CNBC he paid $20,000 for one of thousands of computer-generated avatars called CryptoPunks. Read more...

NBA LAUNCHES $1BN AFRICA SUBSIDIARY WITH PROMINENT INVESTORS ON BOARD

North American basketball’s NBA has announced the formation of a new Africa entity which will oversee the league’s business in the continent, including the new Basketball Africa League.League commissioner Adam Silver has valued the NBA Africa venture at “nearly $1 billion”, and its primary areas of focus will be to grow the sport in the region through the new pan-continental professional league and additional NBA academiesRead more...

FOOTBALL AUSTRALIA GETS GOVERNMENT SUPPORT FOR 2023 FIFA WOMEN'S WORLD CUP

Financial package to help progression of elite women’s soccer and augment community engagement. The Australian government announced it will provide a grant of AUS$12 million (US$9.36 million) over two years, to support the progression of elite women’s soccer in Australia. The financial package will allow Football Australia (FA) to support high-performance objectives for all women's national teams. That includes additional international matches for the Matildas in preparation for the 2023 Fifa Women’s World Cup, bolstering high-performance resources, as well as funding international tours and domestic camps for existing national youth teams.Read more...

NETFLIX IN SEARCH OF EXECUTIVE TO OVERSEE GAMING EXPANSION - SOURCE

Netflix Inc (NFLX.O) is looking to hire an executive to oversee its expansion into videogames, a person familiar with the matter said, a sign that it is ramping up efforts to grow beyond its traditional business as streaming competition intensifies.The move comes at a time when the video gaming industry has benefited from a surge in demand from gamers staying at home during the COVID-19 pandemic.Netflix has experimented with interactive programming in the past with movies such as "Black Mirror: Bandersnatch" and "You vs. Wild" that enabled viewers to decide the characters' moves. It has also created games based on shows "Stranger Things" and "La casa de Papel (Money Heist)". Read more...

WELCOME TO THE NEW GOOGLE STORE IN NYC

Today, we’re announcing our plans to open Google’s first ever physical retail store, in one of the greatest cities in the world: New York. The new Google Store in Chelsea will be a space where customers can experience our hardware and services in a helpful way. We’ll be opening our doors to the public in summer 2021.Read more...

AMAZON BUYS MGM FOR $8.45 BILLION

Amazon has reached a deal to acquire the film and TV company MGM for $8.45 billion, the companies announced today. It’s a significant acquisition for the e-commerce giant, and it means it will own a library of content that’s reported to consist of around 4,000 films and 17,000 hours of TV. The acquisition is likely to help Amazon attract even more big-spending Prime subscribers as its Prime Video service competes with the likes of Netflix and Disney Plus. Read more...

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