Chanel’s Revamped Beverly Hills Flagship Opens
Los Angeles Magazine » Business
by Merle Ginsberg
1y ago
Gabrielle “Coco” Chanel is arguably the most famous fashion designer who ever lived. Starting with her first boutique, opened in her Paris apartment in 1910, the groundbreaking looks Chanel created—trench coats, jerseys, tweed and knits, all borrowed from menswear—liberated turn-of-the-century women from corsets and bustles with designs that remain relevant today. Coco introduced the woman’s power suit—in tweed—a uniform she adopted for herself, feminizing it with lanky strands of pearls and camellia pins. She invented the Little Black Dress, took away the waistline, de-accentuated breasts, an ..read more
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Yeezy Break-Up Leaves Adidas With Potentially Historic Loss
Los Angeles Magazine » Business
by Julius Miller
1y ago
Adidas’ decision to cut ties with Kanye West may have been socially correct, but the abrupt manner of the break up has left the German company out hundreds of millions—and with a slew of useless shoes. Adidas is currently unsure how to dispose of more than $1 billion worth of Yeezy shoes it currently has laying around, KTLA reports. Earlier this year, the company had to kill its association with West and his brand after the rapper-mogul made widely condemned anti-Semitic marks. This ended a relationship that spanned nearly a decade and made the company more than 40 percent of its profit in 202 ..read more
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Microsoft Will Axe 10,000 Employees for Fear of Economic Gloom
Los Angeles Magazine » Business
by Julius Miller
1y ago
Microsoft is joining the gaggle of timid tech titans resorting to mass firings in the face of financial uncertainty—announcing in a securities filing on Wednesday that it plans to axe 10,000 employees, CNN Business reports. These jobs account for five percent of the company’s global workforce and are being cut in response to “macroeconomic conditions and customer priorities.” While it’s unknown how having 10,000 fewer workers is helpful to customer priorities, Microsoft CEO Satya Nadella hinted at the coming bloodbath at the World Economic Forum in Davos, Switzerland, implying that Microsoft d ..read more
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Ticketmaster’s Taylor Swift Mess Is So Bad, Even Congress Noticed
Los Angeles Magazine » Business
by Julius Miller
1y ago
Concerts are intended to be the most authentic and invigorating version of an artist that a fan can experience. However, critics say that Ticketmaster’s methods (for those who can see any method) and the hated company’s seemingly endless quest to be the forever-monopoly of live events are making it increasingly difficult for normal humans to attend such events. So now, for what it’s worth, Congress is sticking its nose in. It all started Tuesday when Taylor Swift’s highly-anticipated The Eras Tour was scheduled to go on sale for “verified fans.” As the company states on its website, it’s a way ..read more
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Jeff Bezos Will Give Most of His Fortune to Charity… He Promises
Los Angeles Magazine » Business
by Julius Miller
1y ago
Years after celebrated philanthropist MacKenzie Scott—former wife of Amazon founder Jeff Bezos—signed the Giving Pledge, joining some of the world’s filthy-richest people vowing to give away the majority of their vast fortunes before they die, the cheap merchandise magnate has promised to unload his own fortune before he drops as well, CNN reports. Bezos, who currently enjoys a “real-time” net worth estimated by Forbes magazine net $124.1 billion—but remains, as ever, merely the second-richest human behind novice Twitter-owner Elon Musk—announced the decision during a joint CNN interview Monda ..read more
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Kanye West Is No Longer a Billionaire, Thanks to His Sickening Racism
Los Angeles Magazine » Business
by Julius Miller
1y ago
Spectacular crybaby Kanye West is no longer a billionaire after losing $1.5 billion in the weeks since he launched a series of bizarre and troubling tirades against Jews on social media and in interviews because he blames them for his business failures. As Consequence reports, the extreme downgrade of West’s value in pretty much every conceivable arena comes after Ye spewed some heavily antisemitic old crap on social media, and then proceeded to double-down on every hot mic that would suffer him. Since then, Yeesh has been dumped by CAA, the Gap, Foot Locker, Balenciaga and, most recently ..read more
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Misers Rejoice at Netflix with Ads, But It Comes with Costs of Its Own
Los Angeles Magazine » Business
by Julius Miller
1y ago
For those who’ve been stealing Netflix logins from their parents, exes, and other gullible types over the hard years, the streaming gargantua officially announced on Thursday that its new, less costly subscription tier, Basic with Ads, will arrive on November 3. The cheap seats will cost $6.99 per month when the new plan goes into effect here as well as in Canada, Australia, Brazil, France, Italy, Germany, Japan, Korea, Mexico, Spain and the UK. Netflix notes that the ad plan is merely an option, and that for those who’d prefer not to hear from insurance lizards right before they find out who ..read more
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Jelly Belly Founder Is Going All In on NFT Jelly Beans—That You Can Breed
Los Angeles Magazine » Business
by Julius Miller
1y ago
In 1976, David Klein helped create what has become one of America’s most iconic candies —the beloved Jelly Belly jelly bean—alongside his partner, Herman Rowland. Now, he has decided to bring the candy into the alluring and often eyebrow-raising world of NFTs, with Jellyz. Like the rest of the world (or at least those who are not confounded by the technology), Klein was captivated by both the design and potential lucrative nature of NFTs after they exploded into the mainstream in 2021. He put together four tech-savvy strangers and founded Meta-g, Inc., to navigate the deeply complicated world ..read more
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Titanium Crypto CEO Admits $21 Million Investor Swindle
Los Angeles Magazine » Business
by Harrison Walker
1y ago
Crypto bro extraordinaire Michael Stollery, the CEO of Titanium Blockchain, has pleaded guilty to one count of securities fraud, representing a $21 million cryptocurrency scam, the U.S. Department of Justice announced Monday.  Stollery tricked investors into purchasing Titanium’s cryptocurrency tokens, called “BARs,” through “false and misleading statements,” according to court documents, D.O.J. said in a press release.  He also failed to register the token with the SEC, without earning a valid exemption. Stollery has admitted to falsifying parts of Titanium’s white papers which tout ..read more
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Irv’s is Back: Beloved WeHo Burger Stand Returns After 4-Year Hiatus
Los Angeles Magazine » Business
by Kevin Andrew Dolak
1y ago
From 1946 and for the following 72 years, everyone went to Irv’s. Cross-dressers and caregivers alike have lined up alongside tourists and megafans for burgers and fries at the popular West Hollywood stand. In 2000, Sonia Hong and her family bought the little establishment on Sweetzer Avenue and Santa Monica Blvd., kept Irv’s as its name, then watched it become even more popular over the years—mostly due to Hong and her mom’s friendly service. Each and every paper plate there had a sweet message: “Just for you!” However, trouble with their landlord struck and Irv’s had to be moved further down ..read more
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