US says no to direct Chinese cable connection to Hong Kong – Security – Telco/ISP- Tempemail – Blog – 10 minute

A United States government committee has recommended that the country’s telco watchdog, the Federal Communications Commission, denies permit for a direct cable connection to Hong Kong.
The Pacific Light Cable Network is jointly developed by Facebook, Google and a Hong Kong holding company, Pacific Light Data Co Ltd and was expected to become operational in the third quarter of last year.
It offers the shortest latency path between Hong Kong and Los Angeles, with six fibre pairs providing 144 terabit/s capacity for the entire PLCN system.
However, the Team Telecom committee said Pacific Light Data is a subsidiary of Dr Peng Telecom and Media Group, the fourth largest telco provider in the People’s Republic of China, which raises national security concerns.
Due to this, the committee wants the FCC to deny PLCN’s application for a direct connection between Hong Kong and Los Angeles.
Google and Facebook own one fibre pair each in PLCN, connecting Hong Kong and the US with branch lines to Taiwain and the Philippines, and Team Telecom said these segments can go ahead.
Already, Google has been granted a special temporary authority to operate its PLCN connection between Taiwan and the US for six months, provided it takes security measures set out by American government agencies.
The American government cited China’s “sustained effort to acquire the sensitive personal data of millions of US persons” as a reason for its recommendation to the FCC.
Recent Chinese cyber and intelligence laws and the obligations these place on Dr Peng Group raise the risk of the subsea cable being vulnerable to exploitation and data connection, the committee said.
China’s recent actions to remove Hong Kong’s autonomy which would allow its intelligence and security services to operate openly in the former British colony were also cited as reasons for concern by the committee.
Team Telecom which is formally known as the Committee for the Assessment of Foreign Participation in the United States Telecommunications Services Sector was set up by the Trump Administration in executive order by the US president in April this year.
 

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Nirvana: Krist Novoselic praises Trump’s ‘strong and direct’ protest speech | Nirvana- Tempemail – Blog – 10 minute

Former Nirvana bassist Krist Novoselic has praised Donald Trump for the “law and order” speech he gave on 1 June in response to protests sparked by the death of George Floyd in Minneapolis police custody.
Speaking in the White House rose garden, Trump said he was dispatching “thousands and thousands of heavily armed soldiers, military personnel, and law enforcement officers to stop the rioting, looting, vandalism, assaults, and the wanton destruction of property”.
In a post on Facebook, Novoselic wrote: “Wow!!! I know many of you can’t stand him, however, Trump knocked it out of the park with this speech.”
He continued: “I agree, the president should not be sending troops into states – and he legally might not be able to anyway – nevertheless, the tone in this speech is strong and direct.”
The Tempemail Guard has deployed thousands of troops across America. However, Trump would have to invoke the 19th-century Insurrection Act to deploy armed troops. State governor approval is not required if the president determines that it has become impossible to enforce US laws or when citizens’ rights are threatened in any US state.
Novoselic alleged that the violence “appears as a leftist insurrection”, despite a lack of clarity about the left-wing antifascist group antifa’s involvement with the protests. “Imagine if so called ‘patriot militias’ were raising this kind of hell?” Novoselic wrote.
“If this were the case, left-wing people would welcome federal intervention. Most Americans want peace in their communities and President Trump spoke to this desire. Never mind the legal details that few understand – Trump said he would stop the violence and this speaks to many.”
Novoselic dismissed a fan’s query about whether this was a parody account, and said it was “certainly not a partisan echo chamber. I prefer to think for myself, thank you.”
Following backlash over his remarks, Novoselic made his Facebook page private and deactivated his Twitter account.
He offered clarification of his views in a public follow-up post on Facebook: “As an avowed independent, I don’t endorse a major party or candidate. And it feels insane to have to say this , but I don’t support fascism, and I don’t support an authoritarian state. I believe in a civilised society and that we all have to work toward that.”
Novoselic describes himself as an “anarcho-capitalist socialist moderate I-don’t know”. He has campaigned for political reform. In the 2016 election, he supported Libertarian candidate Gary Johnson.

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COVID-19: ICICI group’s focus on digital transformation enables ICICI Direct to operate in BAU mode- Tempemail – Blog – 10 minute

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The stock broking business falls under the essential services category and thus, in a lockdown situation, it is imperative to allocate and realign resources such that business operations continue as usual.
The CIO’s office is the nerve centre for keeping the systems available and true to its role, Yagnesh Parikh, CTDO, ICICI Direct, and his team made sure the systems are available and thus even before the lockdown was announced, he and the important team members internally discussed and worked from different locations, to ensure business continuity from any location. The HR also identified three locations BCP, from where routine operations can be run without interruption. In case due to lockdown, any of the locations become inaccessible.
Parikh himself worked from office for the first five days and that too from different locations after the lockdown was announced.
As soon as the lockdown was announced, the immediate task before Parikh was to enable work from home (WFH) virtually for all the employees. To that end, to list out the policies and processes with respect to the IT applications, to be matched with the privileged access manager (PAM). This proved to be a guide on which employees will have access to what kind of applications.
WFH was anyway available and technically made possible, but suddenly such large scale at shortest time was unexpected. For over 1400 employees however, a fresh exercise was undertaken. As part of the regular business process, these employees who were earlier not -enabled to work from home could now function from their home similar to the salesforce, who were always enabled to work from anywhere. “Our strong digital foundation built over the last few years in the form of a digital workplace IT infrastructure came in handy. It allowed us to easily provision employees to securely WFH,” states Parikh.
For Parikh, the safety of employees was paramount. In the initial phase of the lockdown, companies were asked to have twenty five percent of the workforce working from home. A list of WFH and office employees was prepared accordingly. Cabs were booked for the employees and wherever required accommodation was also arranged for those staying far from the office to ensure their safety and availability. “We ensured smooth collaboration between the work-from-home and work-from-office staff,” says Parikh. After a full lockdown was announced, the staff was put on rotation to work from home and office. A bare minimum team is now working from office and majority working from home.
The salesforce team has already been provided with mobility devices for account opening and doing routine work by accessing the necessary applications including CRM. They were working from home. “We  managed to procure additional laptops from the vendors for the IT, business operations team. A majority of them were already having either laptops or desktops with them,” says Parikh. They were configured and delivered to the employees in around two days.
ICICI as a group has always focused on BCP and DR. There were no major challenges in activating the processes for BCP. ICICI Securities as a company is now prepared to work from home even for a long term, if required. Brokerage houses come under essential services category and keeping business activities on and in a secured manner is the number one priority.
What’s keeping Parikh busy now, after having stabilised the post lockdown scenario is the security features. “I am focusing now on exploring additional security features for strengthening data privacy of my customers. We already have MFA, PAM implemented, however I am exploring more ways in which data privacy can be enhanced further,” says Parikh.
Work from home will become the new normal. Companies will have to find ways to continuously engage the virtual teams. ICICI Securities is already using many collaborative tools for select employees, which have VC options. It keeps the employees engaged.
The ICICI Group has stressed on digital transformation since the last two decades. “The investments made towards empowering IT systems targeted for end customers, employees and backend infrastructure have delivered excellent results during this time of crises. It enabled us to continue with a business as usual (BAU) mode,” concludes Parikh.

If you have an interesting article / experience / case study to share, please get in touch with us at [email protected]

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Sports Direct Workers Paid Less than Minimum Wage – Blog – 10 minute

A business (also known as an enterprise, a company or a firm) is an organizational entity involved in the provision of goods and services to consumers.Businesses serve as a form of economic activity, and are prevalent in capitalist economies, where most of them are privately owned and provide goods and services allocated through a market to consumers and customers in exchange for other goods, services, money, or other forms of exchange that hold intrinsic economic value.
Businesses may also be social non-profit enterprises or state-owned public enterprises operated by governments with specific social and economic objectives. A business owned by multiple private individuals may form as an incorporated company or jointly organise as a partnership. Countries have different laws that may ascribe different rights to the various business entities.

“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”

In recent decades, states modeled some of their assets and enterprises after business enterprises. In 2003, for example, the People’s Republic of China modeled 80% of its state-owned enterprises on a company-type management system. Many state institutions and enterprises in China and Russia have transformed into joint-stock companies, with part of their shares being listed on public stock markets.
Wall Street, New York, NY, United States of America

Business process management (BPM) is a holistic management approach focused on aligning all aspects of an organization with the wants and needs of clients. It promotes business effectiveness and efficiency while striving for innovation, flexibility, and integration with technology. BPM attempts to improve processes continuously. It can therefore be described as a “process optimization process.” It is argued that BPM enables organizations to be more efficient, effective and capable of change than a functionally focused, traditional hierarchical management approach.

Great things in business are never done by one person. They’re done by a team of people.

Many businesses are operated through a separate entity such as a corporation or a partnership (either formed with or without limited liability). Most legal jurisdictions allow people to organize such an entity by filing certain charter documents with the relevant Secretary of State or equivalent, and complying with certain other ongoing obligations. The relationships and legal rights of shareholders, limited partners, or members are governed partly by the charter documents and partly by the law of the jurisdiction where the entity is organized.
Business Discussions
Generally speaking, shareholders in a corporation, limited partners in a limited partnership, and members in a limited liability company are shielded from personal liability for the debts and obligations of the entity, which is legally treated as a separate “person”. This means that unless there is misconduct, the owner’s own possessions are strongly protected in law if the business does not succeed.
Where two or more individuals own a business together but have failed to organize a more specialized form of vehicle, they will be treated as a general partnership. The terms of a partnership are partly governed by a partnership agreement if one is created, and partly by the law of the jurisdiction where the partnership is located.

I love those who can smile in trouble, who can gather strength from distress, and grow brave by reflection. ‘Tis the business of little minds to shrink, but they whose heart is firm, and whose conscience approves their conduct, will pursue their principles unto death.

No paperwork or filing is necessary to create a partnership, and without an agreement, the relationships and legal rights of the partners will be entirely governed by the law of the jurisdiction where the partnership is located.
A single person who owns and runs a business is commonly known as a sole proprietor, whether that person owns it directly or through a formally organized entity. Depending on the business needs, an adviser can decide what kind is proprietorship will be most suitable.
Some businesses are subject to ongoing special regulation, for example, public utilities, investment securities, banking, insurance, broadcasting, aviation, and health care providers. Environmental regulations are also very complex and can affect many businesses.
Stock Graphs.
Some specialized businesses may also require licenses, either due to laws governing entry into certain trades, occupations or professions, that require special education, or to raise revenue for local governments. Professions that require special licenses include law, medicine, piloting aircraft, selling liquor, radio broadcasting, selling investment securities, selling used cars, and roofing. Local jurisdictions may also require special licenses and taxes just to operate a business.

The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.

London Street View.
Businesses often have important “intellectual property” that needs protection from competitors for the company to stay profitable. This could require patents, copyrights, trademarks, or preservation of trade secrets. Most businesses have names, logos, and similar branding techniques that could benefit from trademarking. Patents and copyrights in the United States are largely governed by federal law, while trade secrets and trademarking are mostly a matter of state law. Because of the nature of intellectual property, a business needs protection in every jurisdiction in which they are concerned about competitors.
Many countries are signatories to international treaties concerning intellectual property, and thus companies registered in these countries are subject to national laws bound by these treaties. In order to protect trade secrets, companies may require employees to sign non-compete clauses which will impose limitations on an employee’s interactions with stakeholders, and competitors.

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Sports Direct Workers Paid Less than Minimum Wage | Tempemail – Blog – 10 minute

A business (also known as an enterprise, a company or a firm) is an organizational entity involved in the provision of goods and services to consumers.Businesses serve as a form of economic activity, and are prevalent in capitalist economies, where most of them are privately owned and provide goods and services allocated through a market to consumers and customers in exchange for other goods, services, money, or other forms of exchange that hold intrinsic economic value.
Businesses may also be social non-profit enterprises or state-owned public enterprises operated by governments with specific social and economic objectives. A business owned by multiple private individuals may form as an incorporated company or jointly organise as a partnership. Countries have different laws that may ascribe different rights to the various business entities.

“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.”

In recent decades, states modeled some of their assets and enterprises after business enterprises. In 2003, for example, the People’s Republic of China modeled 80% of its state-owned enterprises on a company-type management system. Many state institutions and enterprises in China and Russia have transformed into joint-stock companies, with part of their shares being listed on public stock markets.
Wall Street, New York, NY, United States of America

Business process management (BPM) is a holistic management approach focused on aligning all aspects of an organization with the wants and needs of clients. It promotes business effectiveness and efficiency while striving for innovation, flexibility, and integration with technology. BPM attempts to improve processes continuously. It can therefore be described as a “process optimization process.” It is argued that BPM enables organizations to be more efficient, effective and capable of change than a functionally focused, traditional hierarchical management approach.

Great things in business are never done by one person. They’re done by a team of people.

Many businesses are operated through a separate entity such as a corporation or a partnership (either formed with or without limited liability). Most legal jurisdictions allow people to organize such an entity by filing certain charter documents with the relevant Secretary of State or equivalent, and complying with certain other ongoing obligations. The relationships and legal rights of shareholders, limited partners, or members are governed partly by the charter documents and partly by the law of the jurisdiction where the entity is organized.
Business Discussions
Generally speaking, shareholders in a corporation, limited partners in a limited partnership, and members in a limited liability company are shielded from personal liability for the debts and obligations of the entity, which is legally treated as a separate “person”. This means that unless there is misconduct, the owner’s own possessions are strongly protected in law if the business does not succeed.
Where two or more individuals own a business together but have failed to organize a more specialized form of vehicle, they will be treated as a general partnership. The terms of a partnership are partly governed by a partnership agreement if one is created, and partly by the law of the jurisdiction where the partnership is located.

I love those who can smile in trouble, who can gather strength from distress, and grow brave by reflection. ‘Tis the business of little minds to shrink, but they whose heart is firm, and whose conscience approves their conduct, will pursue their principles unto death.

No paperwork or filing is necessary to create a partnership, and without an agreement, the relationships and legal rights of the partners will be entirely governed by the law of the jurisdiction where the partnership is located.
A single person who owns and runs a business is commonly known as a sole proprietor, whether that person owns it directly or through a formally organized entity. Depending on the business needs, an adviser can decide what kind is proprietorship will be most suitable.
Some businesses are subject to ongoing special regulation, for example, public utilities, investment securities, banking, insurance, broadcasting, aviation, and health care providers. Environmental regulations are also very complex and can affect many businesses.
Stock Graphs.
Some specialized businesses may also require licenses, either due to laws governing entry into certain trades, occupations or professions, that require special education, or to raise revenue for local governments. Professions that require special licenses include law, medicine, piloting aircraft, selling liquor, radio broadcasting, selling investment securities, selling used cars, and roofing. Local jurisdictions may also require special licenses and taxes just to operate a business.

The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency.

London Street View.
Businesses often have important “intellectual property” that needs protection from competitors for the company to stay profitable. This could require patents, copyrights, trademarks, or preservation of trade secrets. Most businesses have names, logos, and similar branding techniques that could benefit from trademarking. Patents and copyrights in the United States are largely governed by federal law, while trade secrets and trademarking are mostly a matter of state law. Because of the nature of intellectual property, a business needs protection in every jurisdiction in which they are concerned about competitors.
Many countries are signatories to international treaties concerning intellectual property, and thus companies registered in these countries are subject to national laws bound by these treaties. In order to protect trade secrets, companies may require employees to sign non-compete clauses which will impose limitations on an employee’s interactions with stakeholders, and competitors.

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NBN Co will stop direct deals with enterprise customers – Telco/ISP- Tempemail – Blog – 10 minute

NBN Co has yielded to industry blowback over its enterprise and government business, declaring it will stop contracting directly with users and share sales leads with retailers.
The decision is likely to end what had become an increasingly combative relationship between NBN Co and retail service providers (RSPs) over NBN Co’s participation in the lucrative enterprise and government (E&G) market.
As reported by iTnews in December, RSPs had two main issues with NBN Co: its insistence on overbuilding their existing dark fibre into commercial buildings, and its insistence on striking deals directly with end users, despite being a wholesale-only entity.
On Tuesday this week, NBN Co said it would stop overbuilding others’ fibre and try to use it instead to serve E&G customers.
Now, NBN Co has also said it will let RSPs own the relationship with E&G users, instead of striking direct deals.
“In response to this feedback, NBN Co will evolve its enterprise contracting model so that RSPs will in all cases have the direct contractual relationship with enterprise customers,” NBN Co said in a statement.
“Previously, NBN Co has at times contracted directly with enterprise customers to build connectivity ahead of those customers engaging one or more RSPs to provide operational broadband services.  
“The company will continue to engage with enterprise customers through its engagement team to understand their infrastructure requirements, and to educate and stimulate demand for nbn wholesale services.”
NBN Co will run consultations with industry on both issues. 
On today’s backdown, it will canvas “how any sales leads or inbound interest should best be shared with the industry on a transparent and non-discriminatory basis.”
This means it has taken onboard industry suggestions to establish some form of channel program where leads can be farmed out to RSPs.
NBN Co said it would publish a consultation paper on how it will manage E&G relationships and leads by February 7.
“We are making this announcement now to enable prompt, equal and transparent awareness of this intent amongst all customers, RSPs and other interested parties,” it said.
The backdown was immediately welcomed by Macquarie Telecom.
“Macquarie Telecom welcomes the decision by NBN Co to avoid direct enterprise deals while continuing to educate corporate customers on the benefits of using NBN in conjunction with RSPs,” group executive Luke Clifton said in a statement.
Comment was also being sought from other RSPs at the time of publication.
NBN Co has been under sustained pressure to change its approach to the E&G market since receiving a formal warning from the Australian Competition and Consumer Commission (ACCC) in October last year.
An iTnews investigation published in December last year found that little had changed in the two months following the formal warning, and that industry remained aggrieved with NBN Co’s attitude and perceived lack of action on key points, such as direct dealing and overbuilding of existing commercial networks.
The criticism had ramped up substantially in the past week, with Optus breaking its long silence on the issue, and Vocus calling for NBN Co’s industry engagement team – which has made direct outreach to hundreds of top E&G accounts – to be shut down or structurally separated from the rest of the company.
At the same time, NBN Co’s E&G approach faced fresh scrutiny from the ACCC over concerns that it was undercutting existing commercial operators using a cross-subsidy from its residential network.
The increasingly combative environment was never going to play to NBN Co’s favour, given it sees the business market eventually contributing up to 20 percent of its total revenues.

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Vocus wants NBN Co’s enterprise “direct sales” team shut down – Telco/ISP- Tempemail – Blog – 10 minute

Vocus wants to see NBN Co’s “industry engagement” team – which has tried to convince hundreds of Australia’s largest enterprise and government accounts to switch to NBN – disbanded or forcibly separated from the rest of the company.
The ASX-listed telco likened NBN Co’s industry engagement team to a “direct sales” organisation that is increasingly in “conflict” with retail service providers’ (RSPs’) own sales teams.
In the enterprise and government (E&G) market, NBN Co makes direct approaches to prospective customers and enters direct contracts to deploy fibre to customers’ sites. The customer must still contract separately with an RSP for internet service.
RSPs universally dislike NBN Co talking to and striking direct deals with E&G users. 
While NBN Co argues the deals cover only build work, RSPs say the agreements contain terms that limit how they can serve the customer.
In addition, different terms were offered to different RSPs and customers in the past. This led to NBN Co being formally warned by the Australian Competition and Consumer Commission (ACCC), but this does not appear to have dented the direct approaches.
Vocus has previously called for NBN Co’s statement of expectations to be rewritten in a way that provides NBN Co clear rules of engagement in the enterprise market.
However, in a parliamentary submission published Friday last week [pdf] – and in a sign that RSPs’ concerns on NBN Co’s enterprise market behaviour continue to go unaddressed – Vocus took a much harder line.
“In the competitive enterprise market, NBN Co’s ‘industry engagement’ staff effectively operate as a direct sales team by engaging with end-users to sell NBN’s ‘build’ products (meaning the construction of new fibre),” Vocus said.
“NBN Co should not engage directly with end users to ensure it operates solely within its wholesale-only remit; to reduce end-user confusion and conflict between RSPs and NBN Co’s ‘industry engagement’ staff; and to ensure it does not gain an unfair advantage in the market due to its access to information about end user requirements. 
“Shutting down NBN Co’s direct sales function would be one avenue to prevent NBN Co from inappropriately discriminating between its wholesale customers.”
As part of its submission, Vocus raised new allegations that NBN Co’s wholesale arm is passing RSP-supplied information about “end user requirements” directly to the industry engagement team to inform their outreach and discussions.
“The issue of NBN Co being a retail competitor to its wholesale customers is compounded by the fact that NBN Co has access to RSPs’ information about end user requirements,” Vocus wrote.
“RSPs have limited legal protection from NBN Co sharing that information between its wholesale business and its direct sales staff – who can use that information to directly engage with end users in an effort to sell 100 percent NBN fibre builds.
“While NBN Co has recently sought to address this particular issue by implementing “information ringfencing protocols” following the ACCC’s formal warning, industry is still expected trust NBN Co to implement these internal governance controls without appropriate regulatory oversight.”
As iTnews reported in an investigation published last month, trust among parties in the E&G telecommunications market remains fractured, mainly because there are few obvious signs of change to NBN Co’s business market behaviour following the formal warning. 
While its first choice is to see NBN Co’s industry engagement team axed altogether, Vocus said that “in the absence of a complete shutdown of NBN Co’s direct sales team, at a minimum NBN Co’s enterprise business should be subject to separation requirements with equivalent regulatory oversight to Telstra’s structural separation undertaking (SSU).”
“This should require NBN Co’s wholesale staff to work separately from its direct sales staff; and should include legally enforceable ‘protected information’ requirements,” Vocus wrote.
“Under Telstra’s SSU, ‘Telstra will not use or disclose protected information relating to a wholesale customer in a manner which would be likely to enable a retail business unit to gain or exploit an unfair commercial advantage over that wholesale customer in any market’.
“This same requirement should apply to NBN Co, at a minimum, to prevent NBN Co from exploiting RSP information to its own commercial advantage. 
“Additionally, in the absence of a shutdown of the direct sales team, NBN Co’s non-discrimination obligations should apply equally to its contracts with both RSPs and end users, which should be offered equivalent terms for enterprise fibre builds.”
Vocus also renewed its earlier call for the statement of expectations to be rewritten to specifically cover NBN Co’s E&G foray.

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Twitter is rolling out emoji reactions for direct messages – Blog – 10 minute

In a nutshell: There are plenty of areas where Twitter needs fixing, but the latest feature being added isn’t what you’d call a high priority. The platform is rolling out support for users to add Facebook/iMessage-like reactions to direct messages.
Research engineer Jane Manchun Wong, who is prolific when it comes to revealing social media features before their launch, discovered that Twitter was testing DM reactions last year, and now it’s coming to all users on the web, iOS, and Android.

Twitter is testing DM Reactions pic.twitter.com/Ihp7hsnaOH
— Jane Manchun Wong (@wongmjane) 16 October 2019

The reactions are similar to what you’d find on Facebook, with laughing, shocked, sad, heart, and thumbs-up options. There’s also a flame emoji and, instead of an angry face, Twitter has included a thumbs down.
Twitter’s Help Center site explains that the emoji reactions can easily be added to a Direct Message—both text and media attachments. “To add a reaction, hover over the message and click the reaction button (heart and plus icon), or double tap on the message and pick an emoji from the pop-up.”

Say more with new emoji reactions for Direct Messages!
To add a reaction, click the ❤️➕ icon that appears when you hover over the message on web or double tap the message on mobile and select an emoji from the pop-up.
For more about DM reactions: https://t.co/sdMumGDBYl https://t.co/QxMVmGt8eY
— Twitter Support (@TwitterSupport) 22 January 2020

Users can undo reactions at any time, at which point they’ll be removed from the message for all participants. You can tap on a reaction to see who posted it, and all conversation participants receive a notification whenever a new reaction is added to a message. You can even add reactions to messages that have been sitting in your DMs for years.
If you happen to be using an older version of the iOS or Android Twitter app that doesn’t support message reactions, they will be displayed as text-based messages.
While some would argue that Twitter should be dealing with the trolls and bots populating the service, the Reactions feature will certainly be useful for those messages where you’d rather not give an actual reply.

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Shop Direct rebrands as The Very Group- Tempemail – Blog – 10 minute

Shop Direct has aligned itself more closely to its flagship Very.co.uk retail platform after undergoing a full rebrand to The Very Group.
More than just a change of name, the move forms part of a growth strategy centred on capitalising on brand recognition of Very which is now worth an estimated £1.5bn with a customer base of 3m.
Chief executive Henry Birch remarked: “This rebrand builds on over 100 years of history during which time we’ve gone from catalogues to bricks to clicks to mobile.
“We’ve always had a passion for reinvention and becoming The Very Group is another important part of our story.”
The Very Group is now poised to poised to embark on a recruitment drive over the next two years with a raft of new roles opening up in data and technology as it cements its position as Britain’s ‘largest pureplay digital retailer’ on the back of investments in big data and technology.

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The direct to consumer department store Neighborhood Goods has raised $11 million – gpgmail


Neighborhood Goods, the direct to consumer department store hawking brands like Rothy’s, Dollar Shave Club, Buck Mason, Draper James and Stadium Goods, has new cash to expand its storefront for e-commerce juggernauts.

The company has raised $11 million in a new round of financing led by Global Founders Capital, with participation from previous investors Forerunner Ventures, Serena Ventures, NextGen Venture Partners, Allen Exploration, Capital Factory and others.

The Dallas-based startup has raised $25.5 million to date and is expanding into a new location in Austin to complement its stores in Plano, Texas and a location in New York, opening soon, according to the company’s chief executive and co-founder Matt Alexander.

The Neighborhood Goods concept, providing a brick and mortar outlet for online brands, is one that dovetails nicely with backers like Global Founders Capital and Forerunner Ventures, which are both longtime investors in direct to consumer startups.

“As we expand our network of brands, we’re so thrilled to have Neighborhood Goods as a core element of our portfolio for them to test, assess, explore and learn about the impact of physical retail as they grow,” said Global Founders Capital investor Don Stalter.

As the company expands its geographic footprint, it’s also experimenting with different online features, like online browsing of in-store collections and the option for physical, in-store pickup of digital orders. Neighborhood Goods also said it will begin offering an analytics back-end for brand partners to provide data on activations and branded events at the company’s stores.


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