Business News

EOS Surpasses Other Products With Creativity and Ingenuity

For 100 years, Chapstick ruled the lip balm world. They were in every drug store and supermarket. They felt clinical, with active ingredients on the packaging. You got the ‘medicated’ kind for rough days and ‘cherry’ for date night.

Only 7 years ago, cute little spheres of lip balm called EOS began showing up everywhere. They covered shelves in places like Walmart, Walgreens, Racked and Target. Beauty experts from the likes of Cosmo and Allure raved about the product, as if they couldn’t get enough of it. Celebrities like Christina Aguilera, Kim Kardashian and Miley Cyrus even used to lip balm orbs.

Evolution of Smooth, the company’s full name, rose fast. But nobody knew their strategy until recently. The recently told Fast Company about how they created a $250 million company that has fallen in ranks just below first place for best-selling lip balm in the country. It has even outdone Chapstick and Blistex, companies that have been around for much longer.

EOS lip balm currently sells over 1 million of those little spheres each week and the future looks even more promising. Their market should increase steadily due to the on-going demand for natural products, just like EOS provides.

http://www.ulta.com/smooth-sphere-lip-balm?productId=xlsImpprod3490245

Sanjiv Mehra, EOS co-founder, explained that when they were just a small start-up they wanted to focus all of their attention of creating great products. As they’ve grown, however, they want their consumers to know more about their business and their values.

Mehra and his two other co-founders thought about how they could change the beauty aisle. The lip balm category was a prime candidate for innovation, they believed. They believed products were indistinguishable from each other. It appeared to them that everybody in that category were being lazy. They saw it as an opportunity.

Even though lip balms were treated as a unisex product, the founders discovered that after research, lip products are by a large majority, used by women. They decided to give a more delightful experience to women with products they use every day.

After careful planning and some creativity, EOS was born. They wanted to avoid being a ‘fad’ and created their product to be a best-selling, long-lasting, consumer product. Visit the EOS Linked in page for more info.

 

Investment Banking

MSC Announced As Finalist For M&A Advisor Awards

According to a recent press release from PR.com, The M&A Advisor has officially declared the Chicago, Illinois-based international banking and investment firm, Madison Street Capital, to be a finalist for the 15th Annual M&A Advisor Awards. The M&A Advisor Awards are reported to be quite respected as what some in the financial industry call a “pinnacle of achievement”. The awards acknowledge excellence in financing, making deals and restructuring. Finally, they also celebrate the achievements and the contributions of leading industry professionals and firms.

Madison Street Capital has been specifically nominated for two of the awards. MSC was nominated for Industrials Deal of the Year (Under $100MM) and for Boutique Investment Banking Firm of the Year-International. The former acknowledges Madison Street Capital’s role facilitating the Acquisition of Acuna & Asociados S.A. by Dowco.

Karl D’Cunha, the senior managing director of Madison Street Capital was in charge of that particular business transaction. D’Cunha was reported to be happy about the announcement. D’Cunha commented on the event.

He stated: “The Acquisition of Acuna & Asociados S.A. by Dowco was a complex cross-border transaction with many moving parts. It feels great to be recognized for that achievement.”

Charles Botchway, Madison Street CEO (chief executive officer) and founder, elaborated on the honor. He said: “We are very pleased to have been able to assist our longstanding client Dowco with the acquisition of Acuna & Asociados S.A.,” adding, “And we are honored to be in the running for Boutique Investment Banking Firm of the Year – International.

He also noted: “Our dealmakers work tirelessly across multiple time zones to connect our clients with growing and emerging businesses that can suit their diverse needs for continued growth and success.” The winners of the M&A Advisor Awards will be officially announced on Wednesday, November 9, 2016 at the 15th Annual M&A Advisor Awards Gala at the New York Athletic Club in Pelham, New York.

For those not familiar with Madison Street Capital, LLC, here’s some background information on the company in question. Madison Street Capital, LLC, is an international investment banking firm. Their services include financial opinions, merger acquisition expertise, corporate financial advisory services and valuation services to both publicly and privately held companies.

The company considers various emerging markets an essential element that propels the international growth of their global clientele. They continue to focus “significant assets” there. Madison Street Capital works to help their customers score in the international marketplace.

Indeed, Madison Street Capital first determines and then focuses on the objectives and goals of each of their individual clients before beginning a new project. Their services range from providing detailed financial advice and assisting with capital raises to transactions and transfers of ownership.

Insurance Company

A Bruce Levenson Group Files A Breach Of Contract Lawsuit

The cost of paying insurance claims is forcing insurance companies to add special addendum, and clauses to existing insurance policies in order to protect their bottom line profits. In a world where investors expect high returns, there’s little room for mistakes. AIG, the big insurance firm that does business with most of the fortune 500 companies, doesn’t like to lose money even since the government bailed the company out back in 2008. Some experts say AIG got too big for its own good in those days, and they paid the price for inferior policy writing as well as other issues. But AIG is back and the firm is bigger than ever.

AIG has a high-paid team of attorneys that battle lawsuits when customers believe they are entitled to a payout on an insurance claim. It’s hard to beat AIG in court, but Bruce Levenson, the former owner of the Atlanta Hawks and co-founded of the United Communications Group, plans to do that. Levenson and his Atlanta Hawks Basketball and Entertainment Group believe AIG breached the terms of the insurance policy the group has in place before the group sold the franchise to Tony Ressler.

The suit filed in Fulton County, Georgia, claims that AIG didn’t honor the workplace torts and employee termination clauses in the policy when general manager Danny Ferry six-year contract ended when the team was sold. Bruce Levenson and his partners are suing for an undisclosed amount plus a 50 percent penalty and court and legal costs.

Levenson doesn’t like to lose, so the dispute with AIG could be an interesting legal battle unless there is a settlement. Levenson is considered one of the founding members of the Holocaust Museum and a major contributor to Jewish organizations. He has amassed a $500 million fortune, and he is not afraid to spend some of that fortune on causes he believes in. He believes AIG is in the wrong and he wants to prove it. Learn more about Mr. Levenson, visit his website brucelevenson.com and his Wikipedia page.

http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html