Business
Charging Ahead: BMW’s Electric Revolution Takes the Automotive World by Storm
It was difficult to determine if BMW automobiles in Munich would be powered by fuel-burning engines, batteries, or both as the car bodywork moved smoothly down an assembly line, splattered with sparks from robotic welders. Many analysts believe that to be a bad thing.
The German automaker’s electric cars share an exterior design with its gasoline-powered counterparts, and they are produced on the same assembly line. In an attempt to compete with Tesla and the up-and-coming Chinese automakers who make cars exclusively for battery power, some established automakers have adopted an awkward and inefficient compromise strategy that involves using the same basic body for gasoline, diesel, hybrid, and electric vehicles.
Confusing the analysts, however, BMW’s approach has proven effective. The business sold 376,000 electric cars last year, up 75% from the year before, some of which were sold under the Mini brand. With 1.8 million vehicles, Tesla continued to lead the premium market, with BMW coming in second. BMW sold 15% more electric cars in 2023 than they did the year before, up from 9%.
The company’s expansion coincides with a slower global increase in the overall sales of electric automobiles. Even more astonishing is the fact that BMW turned a profit on its electric car sales, something that neither General Motors nor Ford Motor did.
Based on BMW’s experience, it appears that there is hope for some established automakers, at least, as Chinese automakers, such as BYD, begin to sell their vehicles to Europe, Latin America, and other Asian countries. The popularity of BMW vehicles indicates that many consumers value the reputation and craftsmanship of established automakers and are leery of newcomer companies as electric vehicles become more widely used.
If so, other automakers who have been producing cars for decades but have not made much progress in switching to battery-powered vehicles may find inspiration in BMW’s strategy.
BMW’s approach gave the business more time to become an expert in battery technology and create a range of electric vehicles. The Munich-based company has found it easier to adjust the manufacturing of various car models, which has helped them deal with variations in demand.
Additionally, the strategy helps BMW hold onto customers who are intrigued by electric propulsion but aren’t yet ready to make a radical departure from the norm. The business claims that customers should have the same ease selecting a car’s propulsion system as selecting its color, hence it offers hybrid versions of several of its most popular models.
If you told our regular clients, “You are a part of the old world,” we would lose them. In an interview, BMW CEO Oliver Zipse referred to those who continued to choose cars with internal combustion engines. “They would quit right away.”
BMW is going to start offering a new range of battery-only automobiles next year. Prototypes of a sedan and a crossover sport-utility vehicle are part of what the business calls the
Laetitia Vancon for The New York Times
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Neue Klasse or New Class was displayed by Mr. Zipse last month at an event held at a location overlooking a rocky, wave-battered stretch of coastline north of Lisbon.
Compared to current versions, these vehicles will have substantial enhancements, such as batteries that hold 20% more energy per pound and non-Tesla features like a digital display that extends to the bottom border of the windshield.
Customizable, the display replaces the instrument cluster in front of the steering wheel and provides drivers with information regarding speed, range, weather, and navigation without requiring them to take their eyes off the road. Maps and other information must be viewed from the side of the dashboard because the majority of Teslas only have one huge display in the middle. Many of the car’s controls are also located on that screen.
Furthermore, autonomous driving technology—which enables drivers to change lanes and take their hands off the wheel on freeways—will be available for the new BMWs. All it takes is a glance in the side mirror to accomplish this. This function poses a direct threat to Tesla’s lauded autonomous driving technology.
Which automakers will dominate the market has been up for debate ever since Tesla demonstrated in the last ten years that electric cars could be both fun and useful. With its roots in Silicon Valley, Tesla has led the way in battery and software technologies but has had difficulty with production and new model introduction. The well-known automakers had a challenging learning curve when it came to software and batteries, despite their decades of manufacturing experience.
Because of its strong brand, engineering know-how, and profit margins that have enabled the company to invest in new technology, BMW is likely to weather this difficult transition to electric vehicles, according to Matthew Fine, a portfolio manager at Third Avenue Management, an investment firm that owns BMW shares.
Mr. Fine stated, “We felt that would give them a very good fighting chance.” “And thus far, it appears to have been true.”
With certain benefits, the luxury automaker led the way in the transition to electric vehicles. For the second consecutive year, the brand was ranked highest among automakers of the greatest vehicles by Consumer Reports. Out of 34 brands, Tesla came in at number 18.
However, Tesla offers a lot of benefits. The Environmental Protection Agency reports that a Tesla Model S, which starts at $75,000, can travel over 400 miles on a single charge, whereas a BMW i7, which starts at well over $100,000, can only go approximately 320 miles.
Ana Brigida for The New York Times
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According to BMW, the upcoming generation of cars could do more than makeup for this shortfall thanks to smaller batteries that offer a 30% increase in range.
Tesla may be susceptible in some ways. Since reaching its peak in 2021, Elon Musk’s company’s shares have lost more than half of their value. The value of BMW shares has increased by almost 17% throughout that time. Tesla is still valued by Wall Street at a premium of over eight times BMW’s stock market value.
Tesla’s lineup is becoming outdated in terms of automobiles. Although the business hasn’t released a fully revamped sedan or SUV since 2020, it did start selling an enhanced Model 3 in the US recently. Limited quantities of Tesla’s newest model, the Cybertruck, were produced and sold last year.
Without addressing Tesla, Mr. Zipse remarked, “If they’re not careful, newcomers might get old before they grow up.”
An experience in the electric version of BMW’s flagship sedan, the i7, which is well-liked by politicians and business leaders, provides insight into the creature amenities that are essential to the brand’s appeal. Even when traveling at high speeds, the car is remarkably silent, sharing virtually no external differences with its internal combustion equivalent. A sizable video screen that folds down from the ceiling is included with the vehicle.
BMW, according to Mr. Zipse, is more than just a carmaker. “Yes, BMW is a car company,” he affirmed. However, he went on, “To put it simply, it’s a technology company that can combine a wide range of technologies into one product.”
BMW is demolishing facilities in Munich that housed internal combustion engine production to create room for the assembly lines that will assemble Neue Klasse automobiles. Last year, the last V-8 was taken off the assembly line.
The majority of the batteries that BMW purchases are from Chinese companies like CATL, which also supplies Tesla but produces its technology. BMW runs a mini-factory in the Parsdorf area of Munich, with walls made of corrugated metal that are blue and gray, where it tests new battery designs and manufacturing techniques.
One modification is to permit continuous mixing of a slurry including lithium and other active chemicals instead of batch mixing, which is now the standard procedure. It is a less expensive and speedier process. While it will still make models with internal combustion engines at other facilities, BMW will only create electric vehicles in Munich as of 2027. Large plants for the corporation are located in Spartanburg, South Carolina; Shenyang, China; and various sites in Europe. BMW has stated that before the end of the decade, it will start producing electric cars in the US.
Environmental organizations have criticized Mr. Zipse for not putting an expiration date on internal combustion engines, unlike Audi and other Rivals.
According to an email from Benjamin Stephan, a transportation specialist at Greenpeace in Germany, “BMW could lead the European auto industry in the electric vehicle transition if it would make a clear commitment to ending production of internal combustion engines that damage the climate.”
The future of the sector, according to Mr. Zipse, is undoubtedly electric. He pointed out that sales of BMWs with engines have stabilized. According to Mr. Zipse, “the fastest growing segment is electromobility.” He went on to say that electric cars “will be a dominant market force.”
When you’re ready to take the plunge into franchise ownership, finding the perfect franchise for you can be a game-changer. With thousands of options available, it can be overwhelming to navigate through the many franchise opportunities out there. However, by following these three crucial steps, you can narrow down the best franchises that align with your goals, expertise, and aspirations.
1. Start with Yourself: Assess Your Strengths and Goals
Before you begin your search for the perfect franchise, it’s important to first evaluate your motivations. Ask yourself: Why do I want to own a franchise? Are you seeking more control over your career, or are you in it to make money quickly? The answer to these questions will help you identify which franchise opportunities are a good fit for your long-term vision.
Understanding your own strengths and weaknesses is also key. What skills do you bring to the table, and what areas might require support? By answering these questions honestly, you’ll have a better idea of which types of franchises will allow you to thrive. Whether you’re drawn to a specific industry or type of business, knowing what you’re good at and enjoy will guide you toward the best franchises that align with your passion and skill set.
2. Research the Company and Industry
Now that you’ve taken a moment for self-reflection, it’s time to dive deeper into your options. When looking for franchises, take the time to research each opportunity thoroughly. Use resources like Entrepreneur’s Franchise 500 to identify the best franchises in terms of growth, profitability, and brand reputation.
It’s important to seek out franchises that have a proven track record of success and strategic expansion. A franchise that’s consistently adding locations and attracting new franchisees is a good indicator of its sustainability and growth potential.
Attend a Discovery Day to get a first-hand look at the franchise and its culture. This is your chance to meet with the team and ask crucial questions about training, support, and franchisee satisfaction. Additionally, make sure to connect with existing franchise owners. Ask them about their experience with the brand—whether the training and support were sufficient and if they would choose the franchise again. This will give you a clearer picture of what owning this franchise will truly be like.
3. Be Willing to Walk Away
The process of finding the perfect franchise is an investment in both your time and money, so it’s essential not to rush your decision. If a particular franchise opportunity doesn’t feel right, or if the brand doesn’t provide enough support, be prepared to walk away. After all, you’re committing to a significant investment, and it’s essential to choose a franchise that resonates with you personally and professionally.
Ultimately, the best franchises aren’t just those that are financially rewarding—they are the ones that truly value their franchisees and offer robust support systems. Ensure the franchise you’re considering is committed to helping you succeed, and make sure you’re confident in your ability to thrive within that business.
Takeaways
Finding the perfect franchise opportunity requires a combination of self-reflection, research, and careful decision-making. By assessing your own motivations, conducting thorough research, and choosing a franchise that values its franchisees, you’ll be well on your way to success. Look for franchises that align with your goals and offer the support you need to grow your business. With the right fit, owning a franchise can be an incredibly rewarding and profitable venture.
Exxon Mobil, a global leader in the oil industry, is taking a bold step into the electricity market with an ambitious plan to sell electricity generated from a large natural gas power plant. This strategic move signifies Exxon’s recognition of the growing demand for cleaner, more reliable energy sources as the world shifts towards sustainability.
Exxon’s Entry into the Electricity Market
Exxon has long been synonymous with oil and gas production, but the company’s latest venture marks a significant departure from its traditional focus. The oil giant is now seeking to provide electricity to external customers by constructing a state-of-the-art power plant. This move is particularly notable because it is the first time Exxon will sell electricity specifically to the grid, rather than using it to power its own operations.
This bold step into the electricity market reflects Exxon’s awareness of the global energy transition and its growing need for cleaner sources of power. The plant will utilize natural gas, a relatively cleaner fossil fuel compared to coal, to generate electricity. In doing so, Exxon aims to meet the increasing energy demands of critical infrastructure, such as data centers, while addressing environmental concerns.
Cleaner Energy Solutions
A key feature of Exxon Mobil’s new power plant is its incorporation of cutting-edge carbon capture technology. The plant is designed to capture over 90% of the carbon dioxide emissions it produces, making it one of the few power plants to adopt this costly but necessary technology. As climate change concerns continue to rise, Exxon’s commitment to reducing its carbon footprint could set a new standard for the energy industry.
While the broader energy market has been slow to implement carbon capture systems, despite federal support, Exxon’s investment in this technology signals a growing shift toward cleaner energy solutions. This commitment aligns with the company’s evolving role in the energy market, where the demand for renewable and low-carbon energy is steadily increasing.
Meeting the Rising Demand for Power
The need for reliable and cleaner electricity is becoming more urgent as digitalization continues to accelerate. Data centers, which power much of the modern digital economy, require vast amounts of electricity to operate. Exxon’s new power plant is designed to address this demand by providing a steady and cleaner supply of power to such facilities. This move not only caters to the energy needs of data centers but also positions Exxon as a key player in the growing market for renewable energy solutions.
As technology companies and industries look for cleaner and more reliable energy sources, Exxon’s entry into the electricity market comes at a crucial time. The growing interest in renewable and low-carbon energy sources underscores the importance of transitioning to cleaner power generation. With its focus on cleaner natural gas and carbon capture technology, Exxon is positioning itself to meet these needs while contributing to a more sustainable energy future.
A Fast Track to Clean Power
Exxon Mobil plans to have the new power plant operational within five years, a timeline that is quicker than the typical construction period for new nuclear reactors. While nuclear power is considered a reliable and clean source of energy, the lengthy construction timelines and complex regulatory processes involved in building new nuclear plants have made companies look for faster alternatives. Exxon’s gas-powered plant, which can be developed more quickly, presents a viable solution for meeting the growing demand for cleaner energy.
The speed of this project, coupled with its focus on carbon capture, offers a unique opportunity for Exxon to help fill the energy gap while reducing emissions. As the world moves toward renewable and cleaner energy sources, Exxon’s new venture could set the stage for more energy companies to follow suit.
A Cleaner Energy Future
Exxon Mobil’s decision to enter the electricity market marks a major turning point for the company and the energy industry as a whole. With its commitment to selling cleaner electricity and incorporating carbon capture technology, Exxon is positioning itself as a key player in the global transition to sustainable energy. This bold step into the market is a clear signal that traditional energy companies are adapting to the growing demand for renewable and low-carbon power.
As Exxon moves forward with this ambitious project, the company’s focus on meeting the world’s energy needs with cleaner, more reliable power will play a significant role in shaping the future of energy. With its large-scale investments in carbon capture and its drive for innovation, Exxon Mobil is poised to lead the way in providing cleaner electricity to meet the challenges of the modern world.
Business
Kim Kardashian and Skims CEO Jens Grede Discuss Retail Strategy at WWD, New Fifth Avenue Flagship Store in New york
Kim Kardashian is closing out 2024 with a major milestone as her brand, Skims, opens its first flagship store in New York City. The new store, located at 647 Fifth Avenue in Midtown Manhattan, occupies an iconic space previously home to Versace for two decades, right next to the Cartier Fifth Avenue Mansion. This prestigious location marks a significant moment in Skims’ retail growth and solidifies the brand’s position as a dominant force in the fashion industry.
The new Skims flagship store spans 6,570 square feet across four floors and includes a VIP showroom, office space for the company’s 175 employees, and retail space. It is the largest of Skims’ six stores and follows the brand’s remarkable $4 billion USD valuation last year. The flagship reflects Skims’ commitment to creating a unique in-store experience that mirrors its successful online presence, offering customers an elevated shopping environment.
In a recent interview with WWD, Kim Kardashian and Skims CEO Jens Grede discussed the brand’s retail strategy, the success of their collaboration with The North Face, and future expansion plans. On the new flagship, Kardashian described its sleek design, stating, “The store has a high gloss finish mixed with monochromatic colors and various textures, with everything embossed with our logos.” This physical store complements the brand’s signature modern and minimalist aesthetic, enhancing the customer experience.
One of Skims’ most recent successes was the collaboration with The North Face, which sold out within five minutes. Grede remarked, “It’s one of our highest waitlisted drops. This shows that Skims has the opportunity to expand into new categories and increase price flexibility. Customers want more from us, not just what we’re offering today.” The North Face collaboration underscores Skims’ ability to explore new markets and product offerings, catering to the growing demand for the brand.
Kardashian also highlighted Skims’ viral marketing strategy, noting how important it is to create buzzworthy campaigns. “We have a marketing group chat where we brainstorm ideas constantly. It’s exciting to come up with campaigns, whether they feature an artist or an athlete,” she shared. She emphasized how internet culture plays a pivotal role in the brand’s success, with fans eagerly awaiting the next campaign and its surprise elements.
On the topic of Skims’ physical store strategy, CEO Jens Grede explained the balance between online and offline sales, saying, “80 percent of our sales come from physical stores, and 80 percent come from online. We want to meet customers where they prefer to shop. We’re still in the early stages of this journey.” He also discussed the brand’s expansion plans, particularly its focus on Europe and the Middle East, where Skims is seeing increased interest.
The topic of Skims’ potential IPO has been a frequent point of speculation. Grede addressed these rumors by stating, “We’ve never discussed going public. I’ve only mentioned that at some point, we may deserve to be a public company. We have institutional investors, and we’ll need to offer them options in the future. However, we’re happy with our long-term investors and our current position. While an IPO could be a consideration later, it’s not something we’re focused on at the moment.”
With its first flagship store on Fifth Avenue and ambitious plans for global expansion, Skims continues its upward trajectory. As Kim Kardashian and Jens Grede drive the brand forward, the buzz surrounding a potential IPO adds an exciting layer to the brand’s future. Skims is poised for continued growth and success, both in retail and online, solidifying its place in the fashion world.
Apple’s Vision Pro, its ambitious mixed-reality headset, is gearing up for an exciting development that could enhance its gaming appeal. According to a report by Bloomberg’s Mark Gurman, Apple is collaborating with Sony to introduce support for PlayStation VR2’s Sense controllers on the Vision Pro. This move aims to make the $3,500 device more attractive to gamers and developers alike.
Currently, the Vision Pro supports Xbox and PS5 controllers, but they lack optimization for virtual reality (VR) experiences. By integrating the PS VR2 controllers, Apple hopes to address this limitation. These advanced controllers offer six degrees of freedom (6DOF), providing the precision and immersion required for sophisticated VR gaming. Additionally, Apple reportedly plans to leverage the controllers beyond gaming. They could be used for navigating vision OS and enhancing productivity apps like Final Cut Pro and Adobe Photoshop, allowing for more accurate input than the existing eye and gesture controls.
A Strategic Move Amid Challenges
Apple launched the Vision Pro in early 2024, positioning it as a technological marvel with unparalleled VR capabilities. Despite this, the device has struggled to gain traction in the gaming market. Its high price point and the lack of a robust gaming ecosystem have contributed to its slow adoption. Since its February debut, the Vision Pro has sold fewer than 500,000 units, falling short of expectations. Internal data also shows reduced engagement among existing users, leading Apple to instruct suppliers to halt production after 2024.
This collaboration with Sony could be a turning point. By offering PlayStation VR2 controllers through Apple’s online and retail stores, the company aims to address the shortcomings in its VR gaming capabilities. However, both Apple and Sony have yet to make an official announcement, and the timeline for this partnership remains uncertain as initial plans were delayed.
The Bigger Picture for Apple
While the Vision Pro’s adoption has been slower than anticipated, Apple is exploring other innovative ventures. The tech giant is reportedly working on its first foldable iPhone, expected to launch in the second half of 2026. This device could feature cutting-edge technology, including a durable, flexible OLED display and a sleek, modern design powered by Apple’s latest chips.
For now, Apple’s partnership with Sony signals a step toward revitalizing the Vision Pro’s appeal. If successful, the addition of PlayStation VR2 controllers could mark a significant shift in how users interact with Apple’s mixed-reality ecosystem, bridging the gap between gaming and productivity in ways that resonate with a broader audience.
San Francisco, the birthplace of countless tech revolutions, is experiencing yet another transformation. Amid rising remote work fatigue and a surge in artificial intelligence startups, the city’s office spaces are buzzing again with innovation, collaboration, and ambition. For many early-stage companies, particularly AI startups, returning to the office is more than a choice—it’s a strategic move that’s redefining modern workplaces.
The End of Remote-Only Work?
Once hailed as the future of work, remote work is losing its appeal among a growing number of startups. While many companies embraced remote operations during the pandemic, some, like Tako and Mithrl, are now pulling their teams back into physical offices. Their reasoning? In-person collaboration fosters creativity and accelerates innovation in ways that Zoom calls cannot.
“When you’re trying to invent something new, it’s really hard to do that over Zoom,” said Alex Rosenberg, CEO of Tako, a visualization search engine startup. Tako mandates four in-office days per week, a policy that has resonated with professionals like Noah Jackson, a 27-year-old software engineer who craved the energy of a vibrant office culture.
Why San Francisco Is Still the Hub
Despite its high cost of living and lingering challenges from the pandemic, San Francisco remains the city of choice for ambitious entrepreneurs. Its dense ecosystem of talent, venture capital, and resources is a magnet for startups. AI companies, in particular, are seizing the opportunity to lease premium office spaces at rates not seen since 2016.
“Office rents are at their lowest in years,” said Liz Hart, president of leasing at Newmark. “Startups are securing incredible deals, making San Francisco an even more attractive base for growth.”
Neighborhoods like Hayes Valley and Jackson Square have emerged as hotspots for AI innovation, with coworking spaces and subleases becoming popular among startups looking to scale.
The AI Boom Shapes the Workplace
The rapid growth of artificial intelligence is another driving force behind the shift to in-office work. Fueled by breakthroughs like OpenAI’s ChatGPT, the AI sector is thriving, with startups prioritizing proximity to talent and infrastructure.
Companies like Medra and Mithrl have embraced in-person work five days a week, offering perks such as free meals and commuter benefits to attract top-tier talent. For leaders like Michelle Lee, Medra’s CEO, the benefits of face-to-face interaction outweigh the limitations of a smaller hiring pool.
“In-person teams have a magic to them,” said Zach Tratar, CEO of Embra, an AI operating system startup. “When one thing goes well, it energizes the entire team.”
Balancing Accessibility and Innovation
The push for in-office work isn’t without challenges. Many employees, especially those with long commutes or caregiving responsibilities, prefer remote options. Critics argue that returning to physical workplaces could exclude diverse talent pools. However, for younger professionals seeking mentorship and rapid career growth, the return to offices offers invaluable opportunities.
The Future of Startups and Workplaces
San Francisco’s AI startups are setting a new precedent for how workplaces can evolve in the post-pandemic era. With their blend of innovation, strategic location, and people-focused policies, they are not only redefining workplaces but also reasserting the city’s role as a global tech hub.
For these companies, the office is more than a space—it’s a crucible for creativity, collaboration, and the next big breakthrough in artificial intelligence. As AI continues to reshape industries, so too will the work environments of those who create it.
San Francisco’s story is far from over; in fact, it’s just beginning a new chapter.
In 2025, influencer marketing will continue its transformation, driven by technological advancements, shifting consumer behaviors, and a growing focus on authenticity. From AI-driven personalization to the rise of micro and nano influencers, here’s what brands need to know to stay ahead.
1. Creators Become Advisors & Consultants
Influencers are evolving beyond content creators to become trusted advisors and consultants for brands. By offering strategic insights and industry expertise, they are shaping campaigns from ideation to execution, making their role integral to brand growth.
2. AI-Driven Personalization in Influencer Marketing
AI and machine learning are empowering brands to create highly targeted campaigns. By analyzing audience preferences and behaviors, AI enables hyper-personalization that aligns influencers with niche audiences, ensuring maximum relevance and engagement.
3. Rise of Micro and Nano Influencers
As authenticity takes precedence, micro and nano influencers take the lead in campaigns. Their close-knit communities and relatable content foster trust, making them powerful brand advocates. These influencers are particularly effective in aspiration-driven markets, where audiences seek relatable success stories.
4. AI for Ideation
From brainstorming content ideas to refining creative strategies, AI tools are streamlining the ideation process for brands and influencers alike. This innovation not only accelerates campaign development but also ensures content resonates with target audiences.
5. Socio-Economic Shifts Drive Premiumization
As socio-economic shifts fuel positive rural sentiment and an aspiration for premium products, brands are partnering with influencers to tap into these emerging markets. This trend highlights the importance of culturally relevant storytelling in influencer campaigns.
6. More LinkedInfluencers on the Rise
LinkedIn is becoming a hotspot for professional influencers or “LinkedInfluencers.” These creators are collaborating with B2B brands to drive thought leadership, position products as solutions, and amplify professional networks.
7. Hyper-Personalization and Niche Influencers Dominate
In 2025, campaigns will focus on niche influencers catering to specific interests and demographics. This hyper-personalization ensures brands connect deeply with targeted communities, boosting loyalty and conversions.
8. Influencer Marketing Statistics for 2025 Highlight Growth
Influencer marketing is projected to grow to $24 billion by 2025, with 85% of marketers allocating dedicated budgets to influencer campaigns. Platforms like TikTok and Instagram continue to dominate, but emerging tools like AI-powered analytics make ROI measurement more precise than ever.
9. AI and Machine Learning for Personalization
AI and machine learning for personalization are transforming how brands connect with consumers. These technologies identify audience trends and predict behaviors, enabling influencers to deliver tailored content that feels both organic and impactful.
10. Sustainability and Social Responsibility
Influencers advocating for sustainable practices and social causes are becoming key to campaigns. Brands are embracing these partnerships to align with conscious consumer values, making a positive impact on both communities and the planet.
As the influencer marketing landscape evolves, leveraging tools like AI for ideation and fostering relationships with micro and nano influencers will be critical. By embracing hyper-personalization and addressing socio-economic shifts, brands can create campaigns that resonate deeply with their audiences. The future of influencer marketing lies in meaningful, authentic, and tech-driven collaborations.
In the world of football, few things hold as much value as a match-worn jersey from a game featuring your favorite players. For passionate fans and collectors alike, owning a piece of football history is a dream come true. That’s where MatchWornShirt, an innovative marketplace, comes in—offering an exclusive opportunity to bid on authentic, signed shirts worn by football stars during actual matches.
Founded by brothers Bob and Tijmen Zonderwijk, MatchWornShirt has grown exponentially since its inception, with over 55,000 jerseys sold this year. The idea for the company came about when the brothers were looking for a special gift for their father’s high school headteacher. During their search, they discovered Ajax, a renowned football club in the Netherlands, auctioned a match-worn shirt annually for charity. This inspired the brothers to create a platform where fans could buy and sell jerseys worn by players from teams around the globe, connecting supporters with their heroes in a truly unique way.
Today, MatchWornShirt collaborates with more than 300 soccer clubs and national teams in 35 countries. Through these partnerships, the marketplace offers a wide range of jerseys, from top-tier teams to lower-league clubs, allowing collectors to acquire memorabilia from all levels of the game. The company’s success lies not just in the breadth of its offerings but in its close-knit relationships with kit managers, or “kitmen,” who handle the jerseys worn during matches. These connections have allowed MatchWornShirt to expand its reach, holding exclusive auctions and offering a behind-the-scenes glimpse into the world of professional football.
In 2023, the company hosted its first European kitman conference in Amsterdam, where 180 club representatives and 90 kitmen gathered to discuss new ways to work together. This conference, which served as a platform to strengthen ties between MatchWornShirt and the clubs they partner with, highlighted the company’s commitment to fostering long-term relationships in the football world. Contracts with clubs vary, from auctioning shirts from every match of the season to offering jerseys from particularly significant games.
But MatchWornShirt is more than just a platform for buying and selling jerseys; it’s a company that understands the importance of giving back. Over the last six years, the company has raised nearly £3 million ($3.8 million) through its partnership with the Royal British Legion’s Poppy Appeal and has donated more than €12 million ($12.7 million) to charitable causes since 2022. These efforts demonstrate MatchWornShirt’s commitment to its fans and supporters, using their passion for football to make a positive impact on communities.
Among the many jerseys auctioned on the site, the most expensive one to date was worn by football legend Lionel Messi. The shirt fetched an astounding €55,000 ($58,000), setting a new record for the platform. While high-profile auctions like this one draw international attention, MatchWornShirt also works with clubs from all corners of the football world, including League Two, the fourth tier of English football, allowing collectors to own memorabilia from a diverse range of teams and competitions.
Now with offices in Amsterdam, London, Istanbul, Melbourne, and São Paulo, MatchWornShirt has grown into a global player in the memorabilia space. The company’s team of over 100 employees works tirelessly to connect fans with their favorite teams and players. And while football remains the heart of their business, the Zonderwijk brothers are already eyeing expansion into other sports, such as rugby, with the French national team being a key target.
For fans of the beautiful game, MatchWornShirt has revolutionized the way they can engage with their passion. The platform offers an unparalleled chance to own a piece of football history, all while connecting with other supporters who share the same love for the sport. As MatchWornShirt continues to grow, the future looks bright for those who wish to add a piece of football greatness to their collection.
The Federal Trade Commission (FTC) has intensified its efforts to hold Big Tech accountable, launching a comprehensive investigation into Microsoft’s business practices. This latest inquiry is part of the Biden administration’s broader crackdown on tech giants, signaling a growing determination to address potential anti-competitive behaviors in the industry.
What Is the FTC Investigating?
The FTC’s inquiry will examine critical areas of Microsoft’s business, including its artificial intelligence (AI) products, cybersecurity solutions, software licensing policies, and cloud computing operations. These divisions have become central to Microsoft’s global dominance, but allegations of restrictive practices have drawn scrutiny.
Among the key concerns is Microsoft’s cloud computing business, which competitors claim imposes stringent licensing terms that make it difficult for customers to migrate their data to other platforms. The FTC investigation aims to determine whether such practices unfairly limit competition and harm consumers.
Meeting with Competitors
As part of its inquiry, the FTC plans to meet with Microsoft’s competitors next week to gather insights into the tech giant’s business strategies. This collaborative approach underscores the regulator’s commitment to a thorough and impartial examination of Microsoft’s market influence.
A Broader Crackdown on Big Tech
Microsoft isn’t the only company facing heightened scrutiny. This investigation is the latest in a series of regulatory actions targeting Big Tech players like Amazon, Google, and Meta. With concerns ranging from data privacy to monopolistic practices, the FTC’s actions reflect a larger effort to rein in the unchecked power of tech conglomerates.
What’s at Stake for Microsoft?
For Microsoft, this inquiry represents more than just a regulatory hurdle—it’s a potential turning point. If the FTC identifies anti-competitive practices, the company could face significant penalties or be forced to adjust its operations. Moreover, the outcome of this investigation could influence future regulations for the entire Big Tech sector, particularly in areas like AI and cloud computing.
The Bigger Picture
The FTC’s decision to target Microsoft highlights the shifting regulatory landscape for Big Tech. As the inquiry unfolds, it could redefine how technology companies operate in a rapidly evolving digital economy. For now, the spotlight remains firmly on Microsoft as it navigates the challenges of this high-stakes investigation.
Stay tuned as the FTC’s inquiry into Microsoft’s practices shapes the future of Big Tech accountability.
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