Many brands are starting to see a recovery despite the challenges initially brought on by the pandemic. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before.
HYPEBEAST has rounded up the top business and crypto stories of the week so you can stay in-the-know about trends across industries.
Chanel reported on Tuesday that revenues climbed by double digits in the first six months of 2021. The company’s sales totaled $10.1 billion USD last year.
Microsoft announced on Wednesday that Nadella will be taking over the position from the now-lead independent director John Thompson. Nadella has been the CEO of Microsoft for the past seven years.
The store opened in New York City‘s downtown neighborhood of Chelsea on Thursday. Google said that it chose Chelsea as the location of its flagship retail location because it views the store as “a natural extension of our longtime commitment to the city.”
We can’t wait to see you, NYC ? https://t.co/2s13ok9q1g
— Google (@Google) June 16, 2021
Introducing the next evolution of collecting, the Hot Wheels NFT Garage: one-of-one exclusive NFTs featuring iconic Hot Wheels die-cast cars, the Twin Mill, Deora II and Bone Shaker. Learn more at https://t.co/MN3daoEFks. pic.twitter.com/CFvO9YuQn8
— Hot Wheels (@Hot_Wheels) June 17, 2021
The NFT was reportedly purchased on Zora by the account @pleasrdao. Don Caldwell, editor-in-chief of Know Your Meme, said Doge is “one of the most iconic memes in internet history.”
On Tuesday, the company completed the sale of newly issued debt notes to institutional investors, which totaled $500 million USD. After deducting initial discounts and other expenses, MicroStrategy expects its net proceeds to be roughly $488 million USD, all of which will be invested into bitcoin.
Artist and activist Diana Sinclair is launching an art exhibition, public installation and NFT auction fundraiser in New York City titled The Digital Diaspora. The in-person launch event will take place at Superchief Gallery on June 19.