8 Black women create fund to raise $1 billion by 2030 to invest in African American girls

Black women and girls are often left out or erased from the social justice movement. A large part of that is because funds for the organizations that center them and their experiences are scarce.

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A recent study showed that philanthropic giving from foundations averaged about $5.48 for each woman or girl of color in the United States. This minuscule portion accounts for just 0.5% of the $66.9 billion given by foundations, according to Giving USA 2018.

For Black women and girls, the amount is even smaller because this data encompasses all women and girls of color, including Asian Americans, Latinas and Indigenous people.

The Black Girl Freedom Fund, created by a notable group of leaders and activists, hopes to change that, and specifically invest in Black girls and women.

The goal of the fund is to invest $1 billion in Black girls and women by 2030. More than

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The $15 Billion Shopping Days Begin For Amazon, Walmart, Target And Many Others

They used to say “Shop until you drop.” Well, this week we’ll find out if that’s true.

This week could see as much as $15 billion in online sales as an unprecedented number of big online promotions kicked off today and will run through at least tomorrow at a range of retailers including the Big 3: Amazon
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, Walmart
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and Target
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. But they are no means alone. Other retailers trying to jump on the shopping bandwagon this week include Best Buy
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, Ace Hardware stores, Nordstrom
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and a range of independents from direct-to-consumer sellers to regional furniture players to those retailers selling beauty, apparel and virtually anything else.

“It’s the kick off to Black Friday and the entire

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Fashion’s $16 Billion Debt To Garment Workers Should Spark Reform, Not Sympathy

While we were tending to our sourdough starters and settling into our sweatpants during the pandemic, one of the “most audacious financial heists in corporate history,” according to Scott Nova, Executive Director of the Worker Rights Consortium, was going on right under our noses. A new report, “Unpaid Billions,” co-authored by the Worker Rights Consortium (WRC) and the Penn State Center for Global Workers’ Rights, draws on U.S. and European apparel import data to illuminate the grim toll of big brands’ unethical dealings during the pandemic. 

When coronavirus hit, powerful apparel companies “canceled” orders—a polite way of saying they refused payment to their garment suppliers for clothes they explicitly ordered months before the pandemic and that were already cut,

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Amazon Prime Day Kicks-Off Holiday Shopping Projected To Hit $9.9 Billion

Holiday 2020 will be an extended shopping season starting with Amazon’s
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Prime Day on October 13th and 14th. Many other retailers will be following suit to compete for the customer’s dollars over the two-day period. Last year Amazon Prime Day raked in $6.93 billion worldwide from 124 million U.S. Prime users (up almost 11% from the previous year). For 2020, the projections are sales of $9.91 billion worldwide from more than 142 million U.S. users, surpassing 50% of the US population.

Andrew Lipsman, principal analyst of eMarketer, said in an interview,” Prime Day is a coordinated industry-wide event with other retailers planning promotions to compete with Amazon for shoppers’ attention.” The value of each shopping

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Fashion firms scrapped $16 billion in orders amid pandemic

American and European fashion brands scrapped billions of dollars in apparel orders amid the coronavirus pandemic, stiffing garment workers out of more than $1 billion in the process, labor watchdogs say.

The value of apparel imports to the US and the European Union plummeted by $16.2 billion from April through June as Western retailers canceled or refused to pay for orders they placed before the COVID crisis began, according to researchers at the Center for Global Workers’ Rights and the Worker Rights Consortium.

Ten percent of that would have gone to pay workers who make the clothes in developing countries such as Vietnam, Bangladesh and Honduras — meaning they likely lost out on about $1.6 billion in wages as the pandemic ravaged the global economy, the watchdogs say.

“This loss in value translates into suppliers dramatically reducing operations, suspending operations, or even going out of business,” the researchers wrote in

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Beauty Giant Natura Gets $1 Billion to Boost Avon Turnaround

(Bloomberg) — Cosmetics maker Natura & Co Holding SA raised 5.61 billion reais ($1 billion) in an equity sale that will help it make the most out of its purchase of Avon Products Inc.



a table with wine glasses: Bottles sit on a table at the Natura Cosmeticos SA production facility in the town of Cajamar, Sao Paulo State, Brazil, on Wednesday, June 28, 2017. British make-up seller Body Shop from L'Oreal SA has been sold to Natura Cosmeticos SA with a deal that estimates to be worth 1 billion euros ($1.1 billion).


© Bloomberg
Bottles sit on a table at the Natura Cosmeticos SA production facility in the town of Cajamar, Sao Paulo State, Brazil, on Wednesday, June 28, 2017. British make-up seller Body Shop from L’Oreal SA has been sold to Natura Cosmeticos SA with a deal that estimates to be worth 1 billion euros ($1.1 billion).

The Sao Paulo-based firm sold 121.4 million voting shares at 46.25 reais apiece, according to a filing, confirming an earlier report by Bloomberg. Stock rose as much as 1.7% in early trading Friday before paring gains.

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Key Insights

Natura, which is also the owner of the brands Natura, Body Shop and Aesop, will use proceeds for cutting debt

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Fashion companies have canceled or refused to pay for $16.2 billion of orders during the pandemic, costing textile workers $1.6 billion in wages, a report found



a group of people sitting at a table: Textile workers in Bangladesh K M Asad/Picture Alliance via Getty Image


© Provided by Business Insider
Textile workers in Bangladesh K M Asad/Picture Alliance via Getty Image

  • Garment suppliers lost around $16.2 billion in orders from the US and Europe in just three months, a report from workers rights groups said.
  • Brands either canceled orders or delayed payments for existing orders, sometimes indefinitely, the groups found.
  • This led to about $1.6 billion in lost wages for factory workers, the report found.
  • Canceled orders and payments have affected more than one million workers in Bangladesh, the report found. Many were sent home without severance or furlough pay.
  • Visit Business Insider’s homepage for more stories.

Garment factory workers around the world may have collectively lost more than $1.5 billion in wages in just three months thanks to US and European fashion companies canceling or delaying orders, workers’ rights groups have said.

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Brands canceling orders, or failing to pay for existing orders,

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Instacart valuation jumps to $17.7 billion

Instacart on Thursday said it raised $200 million in its latest round, valuing the company at $17.7 billion as it cashes in on a surge in online shopping due to the COVID-19 pandemic.

In June, Instacart raised $225 million, and the company was valued at $13.8 billion in that round. This latest round is led by existing investors Valiant Peregrine Fund and D1 Capital.

The grocery delivery company, which has been branching out to deliver non-grocery goods as well, has signed up big names like Walmart, beauty product retailer Sephora and convenience store 7-Eleven in the United States since its last round of financing.

Instacart’s order volumes have surged as much as 500 percent year on year during the pandemic in North America as consumers, hesitant to travel to supermarkets amid the health crisis, take to their phones to get groceries, alcohol and prescription drugs delivered to their doorsteps.

To

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$1.9 Billion Mice Model Market by Mice Type, Technology, Application, Service, Care Products – Global Forecast to 2025

The “Global Mice Model Market by Mice Type (Inbred, Knockout), Technology (CRISPR, TALEN, ZFN), Application (Oncology, Diabetes, Immunology), Service (Breeding, Cryopreservation, Genetic Testing), Care Products (Cages, Bedding, Feed), and Region – Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.

The global mice model market size is projected to reach USD 1.9 billion by 2025 from USD 1.4 billion in 2020, at a CAGR of 6.4% during the forecast period.

The growth of this market is driven mainly by ongoing innovations in mice models, growing demand for personalized medicine, continuous support in the form of grants and investments, growth in the number of pharmaceutical R&D activities, and increasing focus of associations on the development of embryonic stem cells as well as knockout and mutant mice. Moreover, the popularity of humanized mice models and emerging technologies such as Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR) will present lucrative opportunities for

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How Allbirds went from a Kickstarter campaign to $1.7 billion company

  • Sustainable shoe brand Allbirds has experienced massive growth since being founded by Joey Zwillinger and Tim Brown in 2016, with celebrities and Silicon Valley elites alike favoring the brand.
  • The company announced a new $100 million round of funding Friday, which increased its valuation to $1.7 billion from its previous $1.4 billion.
  • In just four years, the shoe-maker grew from a small operation making unconventional shoes into a fashion icon.
  • Visit Business Insider’s homepage for more stories.

Footwear unicorn Allbirds brought in $100 million in Series E funding led by Franklin Templeton, it said Monday.

That new round valued the company at $1.7 billion, up from its last valuation of $1.4 billion, the Wall Street Journal’s John Stoll reported.

The company’s famously comfy shoes have exploded in popularity since it was founded in 2016 by an ex-soccer player and a former biotech executive. The brand is known as a fashion

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