Bruce Levenson Sues American International Group

Attorney philanthropist Bruce Levenson filed suit against the American International Group insurance company for breach of contract after selling the Atlanta Hawks. Goldman Sachs expected Levenson to get $1 billion for the Hawks and use of the Philip’s arena. He confidently hired Goldman Sachs and Inner Circle Sports to sell the Atlanta Hawks after the NBA signed lucrative television contracts with corporate sponsors.

Attorney Bruce Levenson co-owned The Atlanta Hawks Basketball and Entertainment, LLC, and he and Ed Peskowitz co-founded United Communications Group. Since 2015, he served on the board of directors of TechTarget, Inc. Bruce Levenson serves as the president of the “I Have a Dream Foundation,” and he contributes to philanthropic foundations. He also represents the Newsletter and Electronic Publishers Association. He began his career as a writer for the Washington Star and the Observer. His Bachelor of Arts degree is from Washington University, and his Juris Doctorate is from American University. This information can be sourced from Wikipedia.

Antony Ressler purchased the Atlanta Hawks for $850 million in April 2015. The contract was final by June 2015. The sale led to the termination of Danny Ferry, the Hawks general manager, who signed a six-year contract in 2012. Levenson expected his commercial insurance to pay for Danny Ferry’s “wrongful termination,” but his New Hampshire insurance company stated that he did not file a claim upon which relief may be granted. American International Group insurance company further stated that half of Dan Ferry’s $18 million contract is beyond the limits of the Atlanta Hawks’ policy.

Levenson filed suit against AIG in the Superior Court of Fulton County for “breach of contract” and dealing in “bad faith.” Levenson asserted that the Atlanta Hawks’ insurance policy covered their employment practices, which included “wrongful termination” and “torts.” Levenson assumed liability for Danny Ferry’s termination, and he expected his insurance company to assume the loss and pay the remainder of his contract. AIG does not agree. For more info, check out brucelevenson.com.

 

 

OSI Group: Taking the Food Industry to Greater Heights

OSI Group is a reputable company known for its high-quality products that it provides to the beverage and food sector. Founded in 1909, the firm has its headquarters in Aurora, Illinois. They have specialized in processing of foods like hot dogs, vegetable products, poultry, meat patties, fish, pizza, and bacon. OSI Group has been recognized and ranked 58th by Forbes as one of the top 100 companies. The company has also made a name for itself in food and beverage industry, with recognition from Forbes as well as other business magazines.

Sheldon Lavin’s leadership has helped OSI group to become the successful enterprise it is today. He strives to make sure the company reached the international markets. Through his work, he has earned the Vision World Academy’s Visionary Award. Lavin was a financial expert before joining the company. He worked towards transforming OSI group from a local food enterprise to a global business that makes billions of dollars. The processing business of OSI Group has set up 60 plants in 16 countries.

The OSI group is a firm that has been working, over the years, towards developing and penetrating the food and beverage market. Recently, the company expanded its business via the acquisition of the Baho Food. The Dutch initially operated the business. It had a large market share. Baho Foods specialized in offering portable foods such as deli meats and snacks.

OSI Group did not disclose the transaction’s financial details because it is a private company. It intends to use Baho Foods to penetrate the Europe food market. David G. McDonalds, the company’s president, is of the opinion that there will be a notable development in OSI’s products portfolio. Additionally, the firm will have the ability to satisfy the requirements of the clients.

Baho Foods has mainly established itself in Netherlands and Germany where they have built their food processing plants. The business comprises of five main subsidiaries. These include Gelderland Frischwaren, Vital Convenience, Bakx Foods, Henri van de Bilt and Q Smart Life. The company’s commodities are available in about 18 European countries. Baho Foods’ managing director, John Balvers, is expected to join OSI as one of the group’s executive. He will help in ensuring the two firms make the transitions smoothly.

The acquisition of Baho Foods will allow OSI Group have a big market and provide a wide variety of brands and commodities to the customers. The company also aims to expand into Asian countries, especially China.

How EOS Changed Lip Balms

Lip balms were for an incredibly long period, dominated by tubes of Chapstick and other similar products. Brands were competing based on price and customers had limited options available to choose between. Flavors were pretty much bland or cherry and all had very medicinal flavors associated with them.

Then EOS happened. EOS lip balm started seven years ago and quickly revolutionized the industry after showing up in major retailers like Walgreens, Walmart, and Target. Customers and market observers started to notice the new brand and over time has developed into a powerhouse which sells over one million units of lip balm each week.

How they were able to do so is part of article in Fast Money. EOS’ co-founder Sanjiv Mehra elaborated the steps that they took to develop their brand starting as a small start up and developing into the behemoth.

What EOS did was re imagine the lip balm industry given that the brands in the market were not differentiating themselves in any noticeable way. Lip balm was considered to be a commoditizied product with the market players competing on price rather than on product differences. According to evolutionofsmooth.ca, they stepped in an began to design products for the major buyers of lip balm; women, and developed a product that was increasingly organic, all-natural, had creative flavors and applicator tubes to deliver it. More so than anything else EOS’ choice of an orb as an applicator tube has allowed the brand to become differentiated in the eyes of their customers.

Overall, what EOS set to do, according to Mehra, was create a product that women enjoyed using and were excited to use, and certainly succeeded in doing so. Further, EOS created a lasting product and brand that has allowed the brand to continue to stand out and succeed despite the presence of emulations by the existing competitors in the industry and new start-ups.

Visit the EOS website @ https://evolutionofsmooth.ca/ and Facebook page to view the full EOS product gallery.