WeWork's Creator Awards Aim to Inspire Entrepreneurs
Thursday night, WeWork announced the winners of its first-ever Creator Awards in New York City. The event is part of WeWork's global initiative to award more than $20 million to entrepreneurs. Twenty-one winners in three categories were awarded a combined $1.86 million in funding.
Cheddar anchors Brad Smith and Hope King spoke with winner Karen Young, who founded Oui Shave, and WeWork's director of digital community, Victoria Taylor.
Young won the Scale Award and $180,000 in funding. This tier is for businesses with proven success that are ready for the next level. Young says this funding will help her meet the demand for her products. The Oui Shave razor currently has a waitlist of more than 800 woman, says Young.
Taylor says this program is about celebrating and empowering people with original ideas. Before coming to New York City, the Creator Awards were launched in Washington, D.C., Detroit, Austin, London, Berlin, and Tel Aviv. WeWork is a partner of Cheddar.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
About 780,000 pressure washers sold at retailers like Home Depot are being recalled across the U.S. and Canada, due to a projectile hazard that has resulted in fractures and other injuries among some consumers.
