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October 12, 2023

Drake & 21 Savage’s ‘Her Loss’ Submitted for Grammy Consideration

Drake and 21 Savage‘s collaborative album, Her Loss, has been submitted for consideration for the 2024 Grammy Awards, per The Hollywood Reporter. Drake has criticized the Academy in the past and even removed his two nominations in 2022. It is not yet known which party completed the submission, the report stated. Her Loss was submitted for the Album of the Year and Best Rap Album categories, while two songs off of the record — “Rich Flex” and “Spin Bout U” — will be considered for Song of the Year, Best Rap Performance, Best Rap Song, and Best Melodic Rap Performance. The complete list of nominations will be announced next month.


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The Shop to Embark on HBCU Tour for Homecoming Season

The Shop is headed back on the road. This time, the popular UNINTERRUPTED program is visiting select HBCUs during the Homecoming season. In partnership with AT&T, Taco Bell, Toyota, and TWIX, stops include Tennessee State University, Hampton, and North Carolina A&T. In addition to the live taping, organizers behind the activation promise “interactive elements that foster connections among students, alumni, and members of the local community,” like free line-ups and HBCU Tour products.

Taylor Swift Shuts Down The Grove in LA with Appearance at Movie Premiere

Taylor Swift literally shut down the streets of Los Angeles on Wednesday night when she made an appearance at The Grove for the premiere of her concert film, Taylor Swift: The Eras Tour. The movie debuted at the 14-screen AMC movie theater present at the luxury mall, which ceased all other operations on Wednesday in order to prepare for an event that garnered thousands of Swifties, including Beyoncé. Swift called the Queen Bey’s appearance “an actual fairytale.” While the movie debuted Wednesday night in LA, the public release of the concert film is scheduled for Thursday. Taylor Swift wrapped up the North American leg of her sold-out tour in August, but the superstar is heading back on the road for a quick, three-day performance in Brazil next month before kicking off a longer international leg in February 2024.

FTC Proposes New Rule to Eliminate Junk Fees

The Federal Trade Commission (FTC) is proposing a new rule that seeks to eliminate phony junk fees — those hidden costs that can unexpectedly increase fprices at checkout. According to a release from the FTC, the proposed regulation would affect several industries, including event tickets, hotels, and the rental market. Should the policy go into effect, companies that continue to charge these fees could be fined and forced to reimburse consumers. The Commission noted in the memo that they’d received roughly 12,000 complaints on how charges affect an individual’s personal spending or business.

Reebok Announces Shaquille O'Neal as President of Basketball, Allen Iverson VP​

The first signature athlete in Reebok history is making an official full-circle return with the company. Reebok has named NBA icon and Hall of Famer Shaquille O’Neal as President of Basketball. The newly created position comes in tandem with Reebok’s ambition to re-establish the brand in team sports, beginning with basketball. After leaving its prior Adidas Group ownership over the past 15 years, Reebok was acquired by Authentic Brands Group in March 2022, marking a new path forward. Rounding out its executive announcement, the brand also announced Allen Iverson as Vice President.

Boardroom’s Nick DePaula has all the details on the appointments. 

LVMH Shares Plummet with Sales Growth Down

LVMH shares fell as much as 8% on Wednesday after the luxury goods company said revenue growth in the third quarter was much slower than in the first half of 2022. The French brand publicized earnings late Tuesday after the market closed, and numbers revealed quarterly revenue growth of 9% year over year, a decline from 17% in the second quarter. Revenue was up 14% in the first nine months of 2023, compared to 20% growth in the same period last year. LVMH’s wines and spirits sector experienced a 14% plunge in third-quarter sales, too. LVMH justified the decline by saying demand for its Hennessy cognac in the United States had been affected by the economic environment, retailers’ high inventories, and a “normalization” of demand after the COVID-19 pandemic. Companies such as Louis Vuitton, Dior, and Tiffany are under the LVHM umbrella.