Archive for the ‘Business World’

Adam Goldenberg on the Fashion industry04.21.17

Since he landed in the fashion and sale industry, his popularity increases by the day. Adam Goldenberg has left many wondering how he was able to build a thriving industry yet he had no prior experience in the industry of fashion. In an interview held on CNBC, Adam Goldenberg was able to talk about the decisions that he has made regarding the business. One of such decision is the changing of the companies name from JustFab to TechStyle Fashion Group.

The chief executive officer of TechStyle revealed that the improvement of the fashion subscription of his business was as a result of the feedback of its customers on cnbc.com. For those clients who choose the VIP program, a monthly fee is charged, but there is a provision of skipping a month. TechStye has taken it their responsibility to remind its customers of their obligation to make a monthly visit so as to opt out in a particular month. He believes that through online subscription and the sale model, brands can be created at an accelerated rate.

When inquiries were made on the difference between TechStyle and other fashion companies, he revealed that his business focused not on selling, but building brands. Adam Goldenberg noted that brands in the fashion industries were built about 30 to 40 years ago. Since the name changed, TechStyle has in a great way re-invested its models. Its operations are now fixed to mainly focus on data and ways to reach the new shopper. Fabletics, ShoeDazzle, and FabKids are among the brands that are presented by TechStyle.

Adam Goldenberg works with the philosophy that if the customers like something then it is worth keeping. Together with his co-CEO Don Ressler, it is evident that the duo enjoys what they do. JustFab now TechStyle was created in an impressive manner. Adam Goldenberg and Don Ressler quit MySpace, a company that they had founded and was about to become a huge thing. They have a clear understanding of e-commerce and sales since they had a marketing company. They used this knowledge to come up with JustFab. The company on rgtadvisors.com was officially started in March 2010 and has over the years grown and has had its primary focus on lifestyle and fashion. It has millions of customers distributed across the world.

The success story of Adam Goldenberg began when he was only 15 years old when he started his first company which he later sold to intermix media. He has been an entrepreneur ever since.

Read more: TechStyle CEO Adam Goldenberg Talking Name Change on CNBC

Posted in Business Worldwith No Comments →

The Work Of Anthony Pertrello02.20.17

Anthony Petrello is the Chief Executive Officer and President of Nabors Industries. He has been the Chief Executive Officer since October of 2011 and the President of the company since 1991. Anthony, better known as Tony Petrello also served as the Chief Operating Officer, starting in 1991.

Mr. Petrello has had many executive positions at Nabors. Nabors Industries deals with oil and gas drilling. Specifically, the company deals with gas and oil contracting. Nabors Industries operates in 20 countries. The company operates the largest drilling rig fleet that is land-based. They are the leading provider of drilling rigs in the United States. The company also provides drilling rigs to other countries around the world. Nabors has multiple subsidiaries that create catwalks, wrenches, and drawworks. Nabors is on the New York Stock Exchange under the code NBR. The company has an expertly skilled employee base, that prides itself on their work and the products they sell. This company is working to transform the industry and the way the do things.

Since Anthony Petrello started at Nabors Industries, the company has seen a considerable increase in revenue. In 1992, earnings grew and their penny stock rose to a record number. These increases revived the company. In the late 1990s, the company continued to grow in record numbers. Nabors Industries was also added to the S&P 500 index. The S&P 500 index profiles the biggest publicly traded companies.

In addition to being the leader of Nabors Industries, he also serves as a director of Hilcorp Energy Company and Stewart and Stevenson LLC. He is also on the board at the Texas Children’s Hospital. As a board member, Anthony Petrello serves as an advocate for researching the needs of children battling neurological disorders. The success of Nabors Industries is a demonstration of the type of the leadership Anthony Petrello possesses.

Learn more at http://blogs.marketwatch.com/thetell/2014/05/27/why-nabors-ceo-wont-top-best-paid-bosses-list-again-in-2014/

Posted in Business Worldwith No Comments →

Former Owners of Hawks Sue Insurance Company02.17.17

The former ownership of NBA’s franchise Atlanta Hawks has sued New Hampshire Insurance Company for what it terms a breach of contract regarding settlements forwarded by Danny Ferry, the former general manager.

The lawsuit, which excludes the current ownership of Hawks, was filed at the Fulton County Superior Court. It cited significant malpractices that culminate to a breach of contract and action of bad faith. The company had insured against losses ranging from workplace terminations to employee infringement of rights. In a report by PR News, the current ownership of Hawks acknowledged that they are aware of the lawsuit. However, they made it clear that they will not get involved in the case.

Danny Ferry and his management team agreed to sell Atlanta Hawks for undisclosed amount in June 2015 to Ressler Group. However, close confidants of the Antony-led Ressler Group revealed that the deal was a whopping $850 million. This sale ended Danny Ferry’s $18 million contract that began in 2012.

The companies that conducted the sale were Goldman Sachs and Inner Circle Sports. They were hired by Bruce Levenson, the former CEO of Hawks and owner of Atlanta Spirit. Bruce also co-founded UCG. Before he became an entrepreneur, he wrote for Washington Star. He was appointed the Director of Tech Target in February 2015, a position that he still holds today. He has also served on many boards within the sports landscape.

Critics claim that the sale was overpriced and that the bankers hired to run the campaign had not achieved their target. They were off by 27%. Goldman Sachs apparently convinced the former ownership to give it the deal by promising it could get $1 billion in the sale.

Paradoxically, other ESPN experts say that the sale was overpriced. They claimed that $1 billion was unrealistic. According to them, the real value of the company was supposed to be less than $825 million.

Source: https://en.wikipedia.org/wiki/Bruce_Levenson

Posted in Business Worldwith No Comments →

  • You Avatar