Category Real Estate

Jessica Alba’s Honest Company Gets $200 Million Investment

The Honest Company, an eco-friendly consumer-goods firm co-founded by actress Jessica Alba, is receiving a $200 million minority investment from private-equity firm L Catterton.

The investment, announced Wednesday, would help Honest expand its business globally, increase its product supply and fund innovation, the company said.

L Catterton and Honest declined to disclose the size of the stake the private-equity firm would receive. The private-equity firm, formed in 2016 through the partnership of Catterton, LVMH and Groupe Arnault, invests in consumer-focused companies globally. Notable investments include French home-luxury brand Baccarat, fitness-center operator Equinox and medicines maker Zarbee’s.

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Honest raised $297 million from its six prior funding rounds, according to data...

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IKEA confirms it will not open Nashville location


A Metro Councilwoman said on Tuesday that IKEA would not be opening a location in Antioch in 2020.

IKEA representatives confirmed in a statement Wednesday that the company will not be opening a location in Antioch in 2020.

The company issued this statement:

We are in a rapidly changing retail environment. To be fit for long-term growth, we are creating a new business model to make sure we’re accessible and convenient for our customers today and in the future.

You may have heard our Global CEO Jesper mention recently in interviews that we are looking to expand to more urban city centers to be more accessible to more consumers...

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How a Weakened ESPN Became Consumed by Politics

Sitting in his office last September, Mr. Skipper, then ESPN’s president, lit into Ms. Hill, according to people familiar with the meeting. If I punish you, he told her, I’d open us up to protests and come off as racist. If I do nothing, that will fuel a narrative among conservatives—and a faction within ESPN—that the network had become too liberal.

Mr. Skipper chose to spare Ms. Hill. Mr. Trump weighed in on Twitter : “ESPN is paying a really big price for its politics (and bad programming). People are dumping it in RECORD numbers.”

The president’s tweet was hyperbolic, but it tapped into real anxiety at ESPN. What was the way forward for a company shaken to its foundations by the cord-cutting revolution?

Tuning Out
ESPN is losing subscribers, hurting its profit and the profit of its majo...

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Fans set up camp for the royal wedding

Royal watchers from across the globe brought sleeping bags, blankets, chairs and even champagne to camp out in Windsor for the wedding of Prince Harry and Meghan Markle. (May 18) AP

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Two seriously hurt, another injured in head-on Tempe crash

TEMPE, AZ – Two men were hospitalized with serious injuries and another was injured in a two-vehicle head-on crash in Tempe Saturday afternoon.

According to fire officials on scene, two men have life-threatening injuries, one of which had to be pulled from a vehicle. The third man had non-life-threatening injuries and was also taken to an area hospital.

The crash happened near Southern Avenue and Rural Road.

Police are investigating the cause of the crash.

For the latest traffic conditions, click here.

Copyright 2018 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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Tigers’ Castellanos, Candelario ailing; Greiner makes MLB debut

Kansas City, Mo. – When manager Ron Gardenhire got to the clubhouse Sunday morning, he was notified that right fielder Nick Castellanos was the latest victim of a flu bug that has ravaged the Detroit Tigers’ clubhouse the last week or longer.

“He’s in there right now on a couch sound asleep, covered up in a dark room,” Gardenhire said. “He’s feeling pretty bad. He may wake up and say, ‘Hey, what are you doing?’ but being dehydrated is not the best way to go out in the sun and try to play baseball.”

Castellanos, who had been determined to play all 162 games this season, was not in the starting lineup Sunday. Gardenhire said he might be able to pinch-hit later in the game.

“We hope he can be available later, but we’re not running him out there,” Gardenhire said. “That’s silly.”

Victor Reyes ...

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Chris Broussard explains why he’s ‘very confident’ that Cleveland will win their series against Toronto

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Skip Bayless reveals who’s to blame for Thunder’s early exit in the 2018 NBA playoffs

Skip Bayless details why the Browns should start Baker Mayfield Week 1: He’s must see TV Skip Bayless reveals how Kevin Love saved the Cavs in Game 7’s win against the Pacers Shannon Sharpe reacts to LeBron’s Cavs surviving the Pacers in Game 7 Shannon Sharpe reacts to Josh Rosen’s post-draft comments after falling to No. 10 overall pick in the NFL Draft Shannon Sharpe and Skip Bayless reveal why Baltimore is a good fit for Lamar Jackson

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Tennessee Waffle House hero launches fundraiser for victims’ families

James Shaw Jr., a Waffle House patron who helped stop a gunman from claiming more victims during a mass shooting. (WZTV)

NASHVILLE, Tenn. (WZTV) – The hero who stopped a man who opened fire at a Tennessee Waffle House and saved lives continued his selflessness by launching a GoFundMe for victims.

James Shaw Jr. stopped further carnage by wrestling away the AR-15 Tyler Reinking used at an Antioch Waffle House to kill four people and injure three others, including Shaw.

Shaw suffered a burn to his hand and cut to his elbow during the fracas, getting the rifle from Reinking, then throwing it behind the counter of the restaurant. Reinking then fled the scene on foot.

Police found two more cartridges of ammunition for the rifle in Reinking’s jacket, which he shed while fleeing back to his nearb...

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MoviePass Owner’s Shares Tumble After Stock-Sale Plan

Helios & Matheson Analytics Inc. HMNY -3.28% plans to sell up to $150 million worth of stock and largely pump the money into MoviePass Inc., the fast-growing movie-theater subscription company it bought last year.

The news sent the stock of the cash-strapped company down 17% to $3.19 in after-hours trading.

New York-based Helios said it would use the proceeds from the stock sale to, among other things, increase its ownership stake in MoviePass, of which it already owns about 92%, support the operations of MoviePass and MoviePass Ventures, a subsidiary founded this year, or make acquisitions.

But Helios said in a securities filing that using “all or a portion” of the proceeds for acquisitions would require it to obtain “additional capital to support our operations during such period.”


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Former President Warns of Economic Threat to Peru

LIMA, Peru—The political turmoil that led Peru’s Pedro Pablo Kuczynski to resign is hurting investor confidence and threatening to slow growth in one of Latin America’s strongest economies, the former president said.

Mr. Kuczynski, a former World Bank economist, stepped down as he was facing a second impeachment vote over allegations of corruption, which he denied.

In his first interview since leaving office last month, Mr. Kuczynski warned the attempts to oust him from office set a bad precedent for the Andean nation as his successor, Martin Vizcarra, looks to stimulate the economy with investments in infrastructure.

“By pushing for an unconstitutional impeachment of the president, you put this whole situation at risk,” said Mr. Kuczynski, 79 years old. “What will happen next?”


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