How Sephora built a beauty empire to survive the retail apocalypse
Imagine walking into a cosmetics store with racks of makeup, shelves of perfumes, aisles of every beauty product imaginable — but you can’t touch any of it.
Thanks to Sephora, beauty shoppers no longer have to face this scenario. Founded in 1970 by Frenchman Dominique Mandonnaud, Sephora pioneered the concept of try-before-you-buy for cosmetics, which has been widely replicated across beauty retail.
And during a time where the retail sector is struggling — with almost 7,000 stores closing in the US in 2017 — Sephora is flourishing. In terms of beauty sales, it is the No. 1 specialty beauty retailer in the world.
Amazon is showing healthcare is the next big thing for machine learning
Amazon will save Healthcare industry $Billions via machine learning algo that extracts key data from patient records?—?it’s an EMR revolution by AI.
Amazon has had a health innovation stealth unit called 1492 for quite some time. We’re slowly starting to understand how sweeping its changes are going to be.
Recently we learned how Amazon will reportedly sell software that reads medical records. With ballooning healthcare costs anticipated in the next two decades globally, AI at the services of healthcare will be extremely important. It appears Amazon’s newest service uses machine learning to extract medical data from patient records.
Report: Morgan Stanley lands coveted Uber IPO role
Uber has reportedly picked Morgan Stanley to lead its upcoming initial public offering, news of which became public last week when the ride-hailing giant filed confidentially with the U.S. Securities and Exchange Commission for an IPO expected in the first quarter of 2019.
Uber’s choice, first reported by Bloomberg, comes after a months-long bidding war, of sorts, between Morgan Stanley and Goldman Sachs. The pair of investment banks presented IPO plans to Uber this fall, in hopes of landing the top underwriting spot in what will be one of the largest stock market debuts to date. Morgan Stanley, having won the battle, can expect to receive a large portion of the fees that come with an IPO.
Soon, you can buy a VW online in Belgium
D’Ieteren, the Belgian importer of the Volkswagen Group, has unveiled plans to sell cars online. The new online platform is expected to be ready for next year’s Brussels Motor Show in January.
In a first stage, the new sales model will be used for Volkswagen brand vehicles, both stock cars and made-to-order cars. The cars will not be offered by D’Ieteren directly but instead by its dealer network that will define variants, trim levels and options.
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