New this morning: U.K.-based firm Lansons has bought a majority stake in Intermarket, a New York strategic communications consultancy, in its first expansion abroad. International clients, many of which are based in the Big Apple, make up 10% to 20% of Lansons’ client roster, the firm said.
Always wanted to be a magazine cover designer? Well, here’s your chance, sort of. Vote on the best cover for PRWeek’s March/April issue, which features the 2019 class of the Hall of Femme. Go here to see the entries and pick your favorite cover.
Basketball star Paul George is taking a break from his best year yet to check in with Nike about what went wrong with Zion Williamson’s shoe on Wednesday night. (If you’ve been living in a cave or in a self-imposed media blackout for the past two days, the star prospect’s shoe, designed in part by George, exploded in front of President Barack Obama and a national audience during a game against North Carolina). Nike’s stock value has dropped by $1.1 billion since the shoe debacle, which has also raised more questions about the outsized influence sneaker companies have over college sports.
Speaking of shares plummeting, Kraft Heinz was down 21% in pre-market trading after it wrote down the value of household-name brands by more than $15 billion in what analysts are seeing as an acknowledgement of changing consumer tastes. The company also said it received a subpoena from the Securities and Exchange Commission about an investigation into its accounting and controls.
Finally, here’s something you don’t see every day at a press conference. Former Golden State Warriors coach Don Nelson showed off a new look at a Thursday presser. Asked what he’s been up to since retiring from the bench and moving to Hawaii, Nelson said, "I’ve been smoking some pot."
Don Nelson asked what he’s been doing after basketball: "I’ve been smoking some pot." pic.twitter.com/67cncPYzsh— Anthony Slater (@anthonyVslater) February 22, 2019