BY LAURIE BURKITT BEIJING—Fresh off what promises to be the biggest-ever purchase of a U.S. company by a Chinese buyer, property and entertainment tycoon Wang Jianlin plans to make similarly ambitious moves in global industries ranging from film to retail to hotels. In an interview with The Wall Street Journal, Mr. Wang said his Dalian Wanda Group Corp. hopes to invest in the luxury hotel business as well as in film production. He also said he hopes Wanda will become the world's largest retailer by space by 2015, reaching 25 million square meters (269 million square feet) from its current nine million. By ...BY LAURIE BURKITT BEIJING—Fresh off what promises to be the biggest-ever purchase of a U.S. company by a Chinese buyer, property and ... Continue reading →
The track and field events at the Olympic Games conjure thoughts of glory and glamour. But even for champions, endorsement contracts tend to be stingy. Most get by on running-shoe endorsements that are so meager that many of top U.S. track and field athletes earn less than $15,000 a year and have contracts that limit their sponsorship options and cut their income if they perform poorly. That may be about to change. Skechers USA Inc., known more for fashion sneakers than sports shoes, has signed a new contract with Olympic medalist and New York City Marathon winner Meb Keflezighi that marks a shift in the way sponsors traditionally reward track and field athletes.Mr. Keflezighi, who first signed with Skechers in late 2011, will be allowed ... Continue reading →
What’s next, a mile-high club?No-frills budget carrier Spirit Airlines capitalized on the Secret Service hooker scandal with a “More bang for your buck” promotion of $19.80 flights to Cartagena.“We do a variety of fun, cheeky ads to promote our ultra-low fares,” said Misty Pinson, spokeswoman for the Florida-based carrier infamous for its fees on everything from carry-on luggage to boarding passes.The online ad for the promotion, which expired last night, depicted a man wearing sunglasses and an earpiece with a finger to his lips, with bikini-clad women in the background. Continue reading →
By Melissa J. Anderson (New York City) “My advice for women is to know yourself,” said Julia Fuller, VP of Environment, Health and Safety at Thomson Reuters. She explained, “Focus on what are the things that you really hold dear as your core values. What are you really good at? Know your real strengths. Having that knowledge about your abilities is really powerful.” After growing her career at the Reuters Foundation and then becoming global head of corporate responsibility for Reuters, she shepherded the program through the 2008 merger with Thomson. Then Fuller turned her attention to women’s advancement. Fuller leads the UK chapter of the Women @ Thomson Reuters network, and also leads the London network Women on the Wharf, a multi-firm women’s networking ... Continue reading →