Lora Arellano & Dana Bomar Create "Lipstick Empire" With Melt Cosmetics
Lori Arellano and Dana Bomar met over brunch one day in 2012, and their lipstick empire was born. The two co-founded "Melt," and it was quickly a success. The duo sits down with Alyssa Julya Smith in Los Angeles to talk about how they teamed up to create their successful brand, and what it was like turning it into the digital reality show "Lipstick Empire" for Stage 13.
Arellano and Bomar met while working at the makeup counters at Nordstrom, and their show, "Lipstick Empire," takes a look at how they run their business while juggling friends and family.
The co-founders talk about how Melt is more than a cosmetics brand. They say it allows for freedom of expression through makeup, and enables their fans to unapologetically be themselves. "Lipstick Empire" is currently available to stream on Stage 13.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
Roomba maker iRobot has filed for Chapter 11 bankruptcy protection, but says that it doesn’t expect any disruptions to devices as the more than 30-year-old company is taken private under a restructuring process. iRobot said that it is being acquired by Picea through a court-supervised process. Picea is the company's primary contract manufacturer. The Bedford, Massachusetts-based anticipates completing the prepackaged chapter 11 process by February.
Serbia’s prosecutor for organized crime has charged a government minister and three others with abuse of position and falsifying of documents related to a luxury real estate project linked to U.S. President Donald Trump’s son-in-law Jared Kushner. The charges came on Monday. The investigation centers on a controversy over a a bombed-out military complex in central Belgrade that was a protected cultural heritage zone but that is facing redevelopment as a luxury compound by a company linked to Kushner. The $500 million proposal to build a high-rise hotel, offices and shops at the site has met fierce opposition from experts at home and abroad. Selakovic and others allegedly illegally lifted the protection status for the site by falsifying documentation.
Wealthfront’s CFO Alan Iberman talks the $2.05B IPO and the major moment for robo banking as the company bets on AI, automation, and “self-driving money."
