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Kanye West is looking to open Yeezy stores worldwide. On Instagram, the billionaire rapper shared he is on the lookout for anyone with retail experience, who can bring his vision to life. Based on the post, West plans to expand first in Atlanta, GA, before scaling globally. “We are going to open a Yeezy stores worldwide starting in Atlanta,” West wrote in an iPhone Note posted on Instagram that has now been deleted. “Who would be best to open it? I’ll buy the land and or building. Then we gonna open up in every state and then internationally. Anyone who has over 10 years retail experience and is ready to change the world post your Instagram handle or store location in the comments and we’ll find you.” Screen shot taken via Kanye West’s Instagram
Black Girl Sunscreen is becoming more accessible to the masses. Founder Shontay Lundy leads the brand on a mission to formulate skincare products geared toward the Black community. As AfroTech previously told you in an exclusive interview with Lundy, she had plans to expand into additional stores. “We will be accessible in a couple more stores which is great because this means the community is supporting us,” Lundy said. The brand is already available in stores like Target, Walmart, and Ulta. Now, just a few months from Lundy’s proclamation, Walgreens has become the next major retailer to house the beloved sunscreen brand on its shelves. Black Girl Sunscreen is currently sold at over 3,100 Walgreens stores, Walgreens.com, and through the Walgreens app. “We knew from our research that people with darker skin tones weren’t using sunscreen because there was no product on the market specifically tailored to them,” said Emily Curtiss, Walgreens associate category manager for sun care,...
2 Chainz is moving on to bigger and better as the rapper and his business partner Mychel “Snoop” Dillard have begun to franchise their Esco Restaurant and Tapas. The news follows after settling a lawsuit filed in 2020 by the family of the late Pablo Escobar. AllHipHop previously reported the family had an issue with the use of the last name for 2 Chainz’s Escobar Restaurant and Tapas Diners. However, a decision was reportedly reached outside of court for 2 Chainz and Dillard to give $15,000 to Escobar Inc.
Shaquille O’Neal is always raising the bar! As AfroTech previously reported, the basketball legend and serial entrepreneur became a co-owner of Big Chicken in 2018 before introducing the restaurant chain to Las Vegas and California. Now, it appears Shaq is still on the move! Houston Chronicle reports Big Chicken will be opening 50 locations throughout Houston, Dallas, San Antonio, and Austin. The first restaurants are expected to open at an undisclosed date later this year and it appears Houstonians and Austinites will have first dibs. “Big Chicken is exactly the kind of brand that succeeds in Texas: pioneering and bold, yet rooted in delicious tradition. Our restaurant industry’s rich diversity is our greatest strength, and we’re absolutely thrilled that Shaquille O’Neal and the Big Chicken team are joining us,” said Emily Williams Knight, president and CEO of the Texas Restaurant Association, according to the Houston Chronicle. “Welcome back home to Texas, Shaq.” Big Chicken’s...
Nigerian fintech and lending startup Lidya has announced the raise of an $8.3 million pre-Series B funding round in an effort to continue expanding operations for the company in Europe. According to TechCrunch, investment firm Alitheia Capital led the funding round via its uMunthu Fund, with participation from other investors such as Bamboo Capital Partners, Accion Venture Lab and Flourish Ventures. “Lidya is tackling the fundamental challenge of providing access to credit for dynamic small and growing businesses that otherwise have limited options for financing working capital to scale their businesses in Africa and Europe,” Alitheia Capital co-founder and managing director Tokunboh Ishmael said in a statement. “Alitheia Capital and Goodwell are pleased to be backing a team whose mission aligns with our objective of driving growth and social impact by enabling access and inclusion to finance and financial services.” In addition to its latest round, Lidya has raised a total of $16.5...
Last year, Nigerian startup Paystack was bought by fintech giant Stripe in a $200 million deal that sent shockwaves across Africa’s tech ecosystem. Now with more validation for the company, Paystack — already operating in both Nigeria and Ghana — has positioned itself to expand and launch its next location in South Africa. “South Africa is one of the continent’s most important markets, and our launch here is a significant milestone in our mission to accelerate commerce across Africa,” the company shared in a statement. “We’re excited to continue building the financial infrastructure that empowers ambitious businesses in Africa, helps them scale and connects them to global markets.” According to the company’s statement, this new launch also “takes us one step closer to our goal of accelerating commerce and removing barriers to trade across Africa.” The company’s South African launch comes after a six-month pilot project that kickstarted a month after it was acquired by Stripe....
Universal Music Group has struck an expanded deal with African music streaming service Boomplay to extend licensing of UMG’s global music catalog to upwards of 47 countries across Africa, Music Business Worldwide reports. These new markets include key territories in countries such as South Africa, Ethiopia, Côte d’Ivoire, Cameroon and Senegal. News of the expanded deal arrives just after rival Spotify recently expanded across Côte d’Ivoire, Ghana, Nigeria, and Zimbabwe. According to a press release, the outlined agreement details an “ongoing commitment to support and grow Africa’s domestic music ecosystems, while also creating new opportunities for Pan-African talent to reach new audiences domestically, regionally and around the world.” Under the new agreement, UMG’s African labels — including Def Jam Africa, Motown Gospel Africa, AI Records, and Afroforce1 — will all be supported. Additionally, the deal will also distribute artists and labels via Electromode and Ingrooves Music...
Ghanaian health tech startup mPharma — which works to improve access to medicines — is continuing its mission to provide innovative financing and accessibility solutions in the medical field by expanding its markets to Ethiopia, TechCrunch reports. As one of the toughest markets to enter to date, extending mPharma’s operations to the East African country will only help the startup achieve its goal of ruling African healthcare. The company — which was founded in 2013 by Daniel Shoukimas, Gregory Rockson and James Finucane — has established a system that specializes in vendor-managed inventory, retail pharmacy operations and market intelligence on behalf of the hospitals, pharmacies and patients it serves. As outlined by TechCrunch, Africa’s $50 million pharmaceutical market still faces challenges such as low stock of inventory and excessive prices that make it difficult for many Africans to get ahold of the medications they need to treat their illnesses. mPharma’s goal is to...
From developing its own hit shows to winning Oscars , Netflix has pushed the boundaries of what a streaming service can be. Now, the company plans to continue its expansion by building a production hub and investing up to $100 million in New York City. Netflix plans to develop an expanded office in Manhattan that will create high-paying executive content, marketing, and production development jobs. In addition, the company’s proposal to build six sound stages in Brooklyn will lead to thousands of production crew jobs within five years. “Netflix is innovative, creative and bold – just like New Yorkers – and the expansion of this cutting-edge company in New York once again demonstrates the Empire State is open for business,” Governor Cuomo said in a statement. “We’re proud Netflix chose New York to grow its business, and we look forward to the jobs, economic activity and world-class productions this project will bring.” The Empire State Development Corporation offered Netflix $4...