Tag Archives: Business

A ketchup shortage crisis in the United States has restaurants and fast-food chains struggling to keep up with the demand. According to The Wall Street Journal, the price of ketchup packets increased 13% in 2020. Kraft Heinz makes up 70% of ketchup sales in the United States. The Wall Street …

According to Forbes, the recent acquisition of Jay-Z’s Armand de Brignac champagne brand by LVMH is said to have been worth a reported $630 million. In this deal, the rap legend’s champagne brand, known as Ace of Spades, was reportedly valued at over $600 million. Forbes valued the brand at …

Former NFL Quarterback turned activist Colin Kaepernick is throwing his hat into the SPAC ring.  According to Deadline, SPAC stands for special purpose acquisitions companies, and Kap will co-chair a new one called Mission Advancement Corp. The company is seeking to raise $250 million to invest in socially conscious brands. …

Friendly’s is filing chapter 11 bankruptcy. The restaurant, like many others, has been struggling during the pandemic. “Unfortunately, like many restaurant businesses, our progress was suddenly interrupted by the catastrophic impact of COVID-19, which caused a decline in revenue as dine-in operations ceased for months and re-opened with limited capacity,” …

Rappers E-40 and Chamillionaire are collaborating with an equity investment platform to help fund a minority startup. With the help of an investment company, Republic, the rappers will be rewarding $25,000 to the winner of a competition they are producing. Chamillionaire announced the news via an app called Convoz; the …

Say what you want about Ray J, but he’s definitely been getting his bag…and not just from Love & Hip Hop or music. The R&B singer started his own technology company #Raycon in 2017 and already within 12 months, has amassed $1.5 million in sales from scooters, smart watches and …

Atlanta rapper and entrepreneur, Clifford ‘T.I.P’ Harris and longtime business partner Jason Geter, have officially launched ‘Tech Cypha,’ their new investment syndicate which focuses on early growth and late-stage startup businesses. The objective is to focus on providing startups with capital, marketing, and branding direction through guided mentorship and various partnerships that include …

Want to know if the love from your family and friends is real, then start a business. Everyone can scream all day about how much they love you and how they are always there for you, but when you actually need them-they’re no where to be found.   No matter …