Condé Nast Reveals Investment In Jewellery Startup, As Media Scrambles For …
News from TechCrunch:

In yet another an indication that big media powerhouses are starting to refocus their businesses on driving new models like commerce, publishing giant Condé Nast has made what is understood to be its first investment in an e-commerce startup in Europe. Condé Nast Germany has invested in RenéSim, one of Europe’s first online jewellers in the luxury category. The premium publisher, best known for titles like Vogue magazine, said it had actually owned shares in the company since 2011, but has now raised its stake to 46% in a capital increase. Condé Nast already owns Reddit, although this is a publishing play, not e-commerce.

RenéSim is an online-only jeweller with no intermediate dealers and offers high-quality jewellery of all descriptions as well as custom-made jewellery, not unlike the UK-based startup Boticca, although the latter specialises in pushing its unique designers.

In a canned statement, Moritz von Laffert, managing director of Condé Nast Germany and VP of Condé Nast International…………… continues on TechCrunch

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Leap Wireless Drops as Customer Losses Force Investment Cutbacks
News from Bloomberg:

Leap Wireless International Inc., which sells the Cricket prepaid mobile-phone service, dropped the most in a month after losing more subscribers than expected and cutting back its investment plans.

The carrier shed 337,000 customers in the fourth quarter, it said today, worse than the 175,000 average estimate of three analysts surveyed by Bloomberg. Leap’s capital expenditures will drop as much as 37 percent to $ 275 million this year as it seeks partnerships to provide faster download speeds for smartphones rather than expanding its own network in some areas.

“While managing the company for cash flow can help the company in the short term, cutting growth cap ex is not a sustainable strategy,” said Jonathan Chaplin, an ana…………… continues on Bloomberg

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