Entrepreneurship

US Customs seized 3,000 fake Gibson guitars worth $18 million

A large shipment of what was believed to be Gibson electric guitars was seized at the Los Angeles-Long Beach Seaport due to a run-in with the law. US Customs and Border Protection agents seized 3,000 fake Gibsons guitars shipped from Asia, leaving American customers stuck playing air guitar. Cheryl M. Davies, CBP's director of field…

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CEO fires 99 employees, goes viral for wrong reasons

CEO of online instrument store, Club of Musiciansfired almost all of its employees and freelancers (99 out of 110 workers) for missing an early meeting in a profanity-laden Slack message. “For those of you who didn't show up for the meeting this morning, consider this your official notice: you're all fired,” said the message from…

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Subway CEO steps down amid major transition for brand

subway announced Tuesday that CEO John Chidsey will withdraw at the end of 2024, marking the close of a transformative five-year term. Chidsey, who joined the company in 2019, is credited with turning around the iconic sandwich chain, including revitalizing its menu and navigation its sale to private equity firm Roark Capital earlier this year….

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Get Babbel at our unbeatable price this Online Monday

Disclosure: Our goal is to display products and services that we think you will find interesting and useful. If you purchase them, the Entrepreneur may receive a small portion of the sales revenue from our trading partners. Did you know that only about 6% of the world's population are native English speakers (according to the…

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Intel CEO Pat Gelsinger retires, reportedly forced out

Intel DESIGNATED On Monday, CEO Pat Gelsinger, 63, retired on Dec. 1. Gelsinger also resigned from the board of directors on the same date. He had been with Intel for more than three decades, including four years as CEO. The surprise announcement further notes that Intel Chief Financial Officer David Zinsner and Intel Products CEO…

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What this early stage venture firm looks for in Digital Founders

“The next generation of consumers are living their best lives in online worlds like Roblox, Fortnite and Discord.” That's what he says Jason YehCo-Founder and General Partner of early stage venture firm Protector. “We are all around investing in early-stage consumer companies that will shape the way this native gaming generation learns, buys, socializes, plays,…

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Jaguar's new concept car was revealed ahead of the start of Miami Art Week

In November, the 102-year-old British car manufacturer Jaguar revealed its renaming and logo before the company's reinvention as an EV maker. “This is a reimagining that recaptures the essence of Jaguar, returning it to the values ​​that once made it so beloved, but making it relevant to a contemporary audience,” said Gerry McGovern, chief creative…

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World Labs AI generates interactive 3D worlds from photos

World Labs, a unicorn AI startup with a valuation of more than $1 billion, unveiled on Monday a new artificial intelligence that can transform any image into a 3D world. World Labs writes at a thread in X that its new AI system works by taking an image, approximating the 3D geometry and filling in…

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Why real estate should be part of your wealth building strategy in 2025

Opinions expressed by Entrepreneur contributors are their own. As 2024 draws to a close, many entrepreneurs are reflecting on their investments and preparing for the opportunities that 2025 will bring. Between emerging markets and economic uncertainties, real estate stands out as a reliable and time-tested wealth building strategy. Offering stability, long-term growth and income-generating potential,…

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How to use PR to avoid a sales slump after the holidays

Opinions expressed by Entrepreneur contributors are their own. The first quarter often brings a natural slowdown, as many consumers tighten their budgets after holiday spending. This downturn can be challenging, especially for malls, beauty brands and service-based businesses that rely on sustained engagement to maintain growth. However, with a good thought PR strategybrands can avoid…

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