Day: June 16, 2020

SoftBank seeks to sell T-Mobile stake, paving exit from US telecoms

TOKYO — SoftBank Group has begun preparations to unload the bulk of its stake in U.S. mobile carrier T-Mobile as part of the Japanese tech conglomerate’s 4.5 trillion yen ($41.9 billion) asset sale plan to fund share buybacks and debt reduction.

SoftBank owns about 300 million T-Mobile shares, or 24%, with a market value of around $31 billion based on Monday’s closing price. The group is looking to raise $20 billion from the sale, U.S. news outlets report.

T-Mobile became an equity-method affiliate of SoftBank in April, after merging with then-group subsidiary Sprint.

SoftBank Group Chairman and CEO Masayoshi Son

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Muji to sell at Lawson as consumers flock to convenience stores

TOKYO — Japan’s Ryohin Keikaku, operator of the no-frills home-goods stores chain Muji, will enter a partnership with major convenience store chain operator Lawson, Nikkei has learned.

Starting Wednesday, Lawson will start selling Muji goods, such as cosmetics, stationary and underwear, at three of its directly managed, or non-franchised, stores in Tokyo. Muji will be given dedicated shelves to display the products. 

The alliance will allow the two companies to collaborate on the development of new private brand products covering everyday items such as eco-friendly detergents and nutritional prepackaged foods.

The tie-up is a response to changing consumer behavior in

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Disney+ surges from last to 1st place in ‘most beloved brands’ this spring

Dive Brief:

  • Disney+ is the most loved brand in offline consumer conversations, followed by Amazon/Prime, according to Engagement Labs’ TotalSocial​ study shared with Marketing Dive. The new streaming platform jumped from last place to first — up 410 spots — since 2019, now ahead of the other 600 brands on the list that was measured from March to May.
  • Food Network was the most loved brand in online conversations, followed by Apple and Spotify. The NFL, HGTV and Netflix also ranked on the list as entertainment and media streaming services were among the most popular brands on the list this
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BP has saved itself before the axe falls for ever on fossil fuels

When the Lehman crisis hit in 2008 solar power cost seven times more than today, and wind power three times more. Energy storage was exorbitant. Electric vehicles were futuristic prototypes. Twelve years later the advantage has flipped to the green camp.

Bloomberg New Energy Finance says wind and solar are already the cheapest source of new-build power for two-thirds of the world’s population. By the mid-2020s they will start to undercut the running costs of existing coal plants, and then progressively eat into existing natural gas plants as well.

Big Money is no longer aligned with Big Oil. The International

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