The New York Times
Nordstrom, which said it moved to prevent its ads from running on Breitbart several months ago, was on the site as recently as two weeks ago. Other advertisers, including BMW of North America, also appeared on Breitbart after blocking their ads from the site. The problem exemplifies the challenges companies face with the automated nature of online advertising.
Moschino is partnering with furniture company Gufram for a line of furniture. The anchor piece is a take-off on the Bocca lips couch which lead the collection to be called Moschino Kisses Gufram. Three additional pieces mark Gufram's first usage of leather including a "biker cabinet," a take-off on Moschino's biker jacket handbag.
Detroit Free Press
Huntington Bank is the fourth high-level sponsor of the new hockey and basketball arena set to open in downtown Detroit later this year. The financial services company joins Meijer, Comerica Bank and St. Joseph Mercy Healthcare as a landmark sponsor of Little Caesars Arena, where the Detroit Red Wings and Detroit Pistons will play.
It's two years from production, but the Lucid Air is already generating buzz. The battery/electric vehicle will have between 400 and 1,000 miles range, depending on the battery. It's a compact car, but an interior design scheme called Santa Cruz (inspired by a spot on the California coast) made it feel bigger. The company is targeting a $60,000 base price before tax credits.
NASCAR and Hotels for Hope have entered into a multi-year strategic sponsorship which includes a Hotels for Hope landing page on NASCAR's website where fans can book hotels for upcoming race weekends. Hotels for Hope, a hotel inventory brokerage with a philanthropic business model, will donate one dollar to the NASCAR Foundation for every room booked.
Food Business News
The key changes include combining global marketing, customer and commercial leadership and strategy into one function. It is part of Coca-Cola's broader strategy to become a leaner and more agile organization under James Quincey, currently president and chief operating officer who is succeeding Muhtar Kent as chief executive officer.
Los Angeles Times
Alaska Airlines' parent company says it will retire the Virgin America brand by the end of 2019. The announcement comes just three months after Alaska Air Group made the $2.6 billion acquisition of billionaire entrepreneur Richard Branson's upstart airline. Alaska hopes to become the West Coast's dominant airline.
Apple says it has assessed the Wikileaks disclosures and the alleged iPhone vulnerability affected iPhone 3G only and was fixed in 2009 when iPhone 3GS. "We are tireless defenders of our users' security and privacy, but we do not condone theft or coordinate with those that threaten to harm our users," the company said in a statement, TechCrunch reports.
Creative plays up Stoli as "THE Original" and "THE Vodka" in a montage of scenes of night life mixed with glimpses of the original Stoli bottle. "We know that Millennials, both male and female, are looking for authentic brands," Stoli Group's Russell Pareti told "Brand Channel." "What's unique is they're holding brands to a higher standard."
Sears' warning that it was uncertain it would still be in business a year from now sent its stock price plunging Wednesday and offered a grim reminder of how far the iconic department store chain has fallen. The company warned that it faces "substantial doubt" about its ability to stay in business unless it can borrow more and tap cash from more of its assets.