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What the Hollywood Strike Means for Fashion

The Fight For Beauty's Top Talent; Richemont Drops on Signs Luxury Demand Falling; Temu Sues Shein Over US Antitrust Law

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WHAT YOU NEED TO KNOW TODAY: TUESDAY, JULY 18, 2023 The actors' strike is already changing how fashion works with Hollywood. Beauty companies face stiff competition for executive talent as LVMH, Kering and Puig invest in the category. Luxury stocks fell after Richemont reported a surprise drop in revenue from the Americas in its latest quarter. Temu has sued fast-fashion rival Shein, alleging it coerced manufacturers not to work with its competitor. Il Makiage owner Oddity Tech is targeting a $1.9 billion valuation in its IPO, higher than initially planned.

TOP STORIES

MARKETING What the Hollywood Strike Means for Fashion By Diana Pearl and Cathaleen Chen

While red carpets have momentarily dried up for brands and stylists, the SAG and WGA's simultaneous strikes pose an unlikely opportunity for fashion companies to tap celebrity talent. READ MORE

BEAUTY The Fight For Beauty's Top Talent By Priya Rao

With luxury names like LVMH and Kering revving up their beauty businesses, pure play competitors need to safeguard their most prized possessions: their people. READ MORE

LUXURY Richemont Drops on Signs Luxury Demand Falling in US, China By Bloomberg

The Swiss luxury goods group reported quarterly sales that raised concerns over how weak the US and China markets might get. READ MORE

WORKPLACE & TALENT How I Became… An Omnichannel CRM Director in Fashion By Sophie Soar and Annabel Bolton Jackie Wong has held positions at Burberry, Moncler and Christian Dior. He offers advice on how to balance the science and creativity of marketing and how to build a network of like-minded professionals across industries. READ MORE

Fast-Fashion Retailer Temu Sues Rival Shein Over US Antitrust Law READ MORE

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NEWS BRIEFS Swatch sues Malaysia for seizure of Pride watches Il Makiage Parent Company Seeks Higher Valuation in US IPO Fashion Retailer H&M to Launch in Brazil

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At Gap Inc., Unlocking Creativity Through Internal Mobility Gap Inc., parent company of Gap, Athleta, Banana Republic and Old Navy, utilises internal mobility to offer talent multiple touchpoints across its brand roster, to upskill and re-engage its existing talent pool. Indeed, about 18 percent of Gap Inc. executives at the vice-president level and above started their careers working with product and customers in stores. BoF sits down with Lauren Kazemi, Athleta's vice president of merchandising, Rudy Montenegro, Gap Inc.'s director of store design, and Irtiza Rizvi, a design director at Banana Republic, to learn more about how they have leveraged Gap Inc.'s internal mobility opportunities. READ MORE

The Business of Fashion AGENDA-SETTING INTELLIGENCE, ANALYSIS AND ADVICE FOR THE GLOBAL FASHION COMMUNITY. CONNECT WITH US ON CONTACT US ETHICS POLICY SPONSORSHIP & ADVERTISING JOB OPPORTUNITIES This email was sent to edwardlorilla1986.paxforex@blogger.com Update your preferences or unsubscribe from this list. All services provided are subject to our Privacy Policy. The Business of Fashion Ltd The Business of Fashion, Soho Works 2, Television Centre, 101 Wood Lane, London, W12 7FR, United Kingdom businessoffashion.com

Nokia SaaS service, AVA Charging, selected by GO plc to support 5G and IoT monetization

    

Press release

Nokia SaaS service, AVA Charging, selected by GO plc to support 5G and IoT monetization

18 July 2023

Espoo, Finland – Nokia announced today that its AVA Charging Software-as-a-Service (SaaS) solution has been chosen by GO plc, Malta's leading communications provider, to help it accelerate the time to value of new offerings for 5G and IoT use cases, expanding the commercial relationship between the two companies.

GO plc, a Nokia 5G RAN partner, will move from Nokia's SurePay solution to AVA Charging SaaS, using software consumed on demand through a subscription that facilitates rapid customer adoption and usage by reducing the time spent on software installation and configuration. Deployment is now underway.

In addition to reducing costs, the Nokia SaaS delivery model enables quicker time to market for 5G and IoT services through capabilities that include no code configuration, TM Forum open APIs, and field-proven network integrations.

Nokia AVA Charging SaaS incorporates business intelligence derived from hundreds of customer engagements, speeding up commercialization of new CSP services through automation and no-code charging configurability. It can be used by CSP's to monetize consumer services like cloud gaming, as well as enterprise services for vertical markets, including utilities, logistics and healthcare.

Kelvin Camenzuli, Chief Digital Officer at GO plc said: "As GO plc is already successfully down the 5G path with Nokia, with nationwide coverage expected by year end, we are excited to be integrating Nokia's AVA SaaS based no-code charging solution. We believe it will allow us to transform our charging systems for 5G and accelerate our monetization efforts, whilst bringing greater value to our customers with faster deployment of innovative products and services."

Mark Bunn, Senior Vice President, Cloud and Network Services, at Nokia said: "We are very pleased to take Nokia's valued GO plc partnership to another level by deploying AVA Charging SaaS. As more 5G services come online, CSPs and enterprises are increasingly recognizing the need to move away from customized software toward the multitude of benefits, including operational flexibility, that SaaS can deliver in the telecom space."

Erez Sverdlov, Vice President, Cloud and Network Services Market Leader, Europe at Nokia said: "This is an important expansion of Nokia's relationship with GO plc and allows us to work together to further enhance its network performance and capabilities, including by tapping into new monetization opportunities, in order to deliver superior 5G experiences cost effectively to GO subscribers."

Resources and additional information

Web page: AVA Charging SaaS

Web page: Nokia Telecom SaaS

About Nokia

At Nokia, we create technology that helps the world act together.

 

As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.

 

Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

 

Media Inquiries

Nokia Communications, Corporate

Email: Press.Services@nokia.com

 

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