Browse Month: May 2017

Tony Petrello restores once great Nabors Industries to its former glory

Nabors Industries was originally founded as a special-purpose entity for the soul job of drilling on the north slope of Alaska. Throughout the fifties and sixties, Nabors Industries was one of the crucial players in the development of the Prudhoe Bay oil field on Alaska’s North Slope.

This was a legendary development in the oil business, being one of the largest oil fields ever discovered until that time. It also played a crucial role in the development of the state of Alaska, showering its residents with much-needed income and allowing native peoples a degree of self-determination that they never would have otherwise enjoyed.

But throughout the ‘70s and ‘80s, Nabors Industries begin a long decline. This culminated in 1988, with its corporate restructuring under chapter 11 bankruptcy proceedings. Over the next three years, Nabors Industries looked feverishly for someone to lead it out of bankruptcy and into the future. They found their man with Tony Petrello.

When Petrello came on board, in 1991, he had long been a corporate lawyer with a famed firm Mackenzie Baker. He was exactly the type of man that Nabors Industries was looking for, smart, capable and possessed of a vision and leadership qualities that would enable the company to emerge from bankruptcy stronger than ever.

Over the next 10 years, Petrello led Nabors Industries from near and solvency, with a stock price trading at just $0.50 per share, to one of the largest and most important land-based drilling firms in the world, with a stock price trading at $100 per share, prior to the split.

To know more click here.

How Kate Hudson’s Fabletics Plans on Beating Amazon at Their Own Game

Most people who get into the fashion e-commerce ring would never think of trying to do battle with Amazon. The Amazon selling machine has controlled 20% of the fashion e-commerce space for years, that is until recently when Kate Hudson’s Fabletics decided to make waves in this space. In the last few years, Hudson has seen her company explode to over $250 million in sales, and there appears to be no signs of her sales slowing down.

 

How could such a small company grow so fast, the secret lies in a process called reverse-showrooming.

 

Ask Hudson how she was able to grow her fashion brand so fast, she credits the success to a number of factors. Her athleisure brand is high-quality at affordable pricing, but the shopping experience is where her stores are blazing new trails in the e-commerce world. Shop in any one of the Fabletics retail stores, and you will discover that there is no high-pressure sales tactics here, in fact, you are encouraged to go ahead and try on the merchandise to see which fits your frame the best. In a normal retail setting, leaving without a purchase is just bad business, not with Kate Hudson’s Fabletics.

 

To get a better understanding as to why her company is growing each year, you have to look at how these women are shopping. Hudson says the women come by the store, open a free account, then fill out the Lifestyle Quiz. They try on some high-end active-wear, and leave the store without buying, for now. When these women are home and relaxed, they go to the Fabletics website and see all the items they tried on in the store. Now they can complete the purchase, or buy something based on the sizes and styles they know they already look great wearing.

 

Unlike shopping on Amazon, these ladies know what they are buying will flatter their shape and fit them perfectly. When a shopper returns to the Fabletics website each month, a personal shopper has selected new apparel based on the Lifestyle Quiz answers and dropped the piece in the shopping cart for buyer consideration. Buy the item, refuse the item, or shop for something else, you have no pressure and are free to customize the shopping experience to your liking.

 

Kate Hudson’s Fabletics has no plans to just rest on their morals, they are focused on growing this brand globally and dominating the fashion space online.

Talk Fusion CEO Bob Reina on Culture of Philanthropy

When Bob Reina first established Talk Fusion back in 2007 we have no idea if even he realized how far and how fast his company would grow. Talk Fusion has since become one of the biggest video marketing companies on the internet and they’ve been working hard to establish connections between both customers and clients for the better part of the past decade. Talk Fusion has been fueled by the passion and energy of Bob Reina. Reina’s faith in his company is backed by his work ethic and multiplied by his willingness to lead with philanthropic endeavors.

 

A peak inside of the mind of Bob Reina would reveal this gold nugget of a phrase, “With great success comes greater responsibility.” This phrase is something that Bob Reina utters early and often and it is something he believes in to his core. Reina knows that he can’t let his success with Talk Fusion overshadow his real goal: to change and help the world around him. With Talk Fusion already in over 140 different countries in the world, there are many places that Reina can be helping out.

 

To start out with, Reina donated a record breaking million dollar check to the Humane Society of Tampa Bay. This check not only broke records but it saved the lives of countless little animals that needed another shot at a full life. Reina has also given extensively to Indonesian orphanages who have struggled to get enough funding to properly take care of their charges. Reina knows that the weakest among us need help and that’s why he’s made it such a focus.

 

Outside of his own personal philanthropic endeavors we have seen Reina turn Talk Fusion itself into a bastion of philanthropy. This is primarily being engineered through Talk Fusion’s new account: the charity account. The Talk Fusion Charity Account comes stocked with all of the features of the Talk Fusion Custom Monthly Plan — the best plan available. The twist on this account is that it is attached to the charity of choice of the Talk Fusion associate. This gives Talk Fusion employees the chance to start building their own philanthropic base.

 

How Omar Boraie Has Helped The New Brunswick Community

Omar Boraie is a man from Egypt who founded a real estate development firm in New Brunswick, New Jersey. He founded Boraie Development, LLC, in 1972. When he specializes in developing buildings that include residences, offices, and retail space. He is dedicated to making downtown New Brunswick a thriving community that attracts residents and businesses to the city.

When Omar Boraie first started his business in New Brunswick, the downtown core was blighted and had lots of abandoned properties. According to Patch, Omar Boraie started buying these properties, tearing down the existing buildings, and then designing and building attractive new towers in their place. At Boraie Development, after the property is completed they do property management of the tower along with continual sales and marketing.

When he first started developing properties in New Brunswick, many in the real estate community thought he was crazy for building in the city. However, his buildings attract new residents and businesses to the city and has led to others rebuilding in the city making it an important hub in the region. As Omar Boraie is very humble, he gives a lot of credit to the President of Johnson & Johnson, Dick Sellers, who decided to keep his headquarters in the city which was a huge employment boon to the area.

As per NJBiz, outside of New Brunswick, Omar Boraie has also built the first high-rise in Newark since 1960. This $65 million dollar project has proven very popular in the city and has led to redevelopment around it including new restaurants and retail. He is also a building in Atlantic City that will be called The Beach at South Inlet. This will be a luxury development and will be a key part of the city’s Tourism District.

Besides his real estate career, Omar Boraie is dedicated to helping local nonprofits. He is a financial supporter of the State Theater’s free kids movies program and is a Trustee of this nonprofit. He also sits on the board for Elijah’s Promise, a charity that feeds the hungry and also teaches people how to work in a kitchen so they can get jobs in the restaurant industry.

Read more: http://www.njbiz.com/apps/pbcs.dll/article?AID=/20161220/NJBIZ01/161219963/developer-waseem-boraie-debunks-5-myths-about-doing-business-in-ac-after-breaking-ground-on-81m-project&template=mobileart

Beverly Hills Auto Group Looking Out For Customers In Need Of Used Cars

Used-car buyers can view the BMW 3 Series at Beverly Hills Auto Group for a couple of reasons that include its legendary advanced engineering, driving dynamics, and its brand prestige.

Among BMW’s older models, the 3 Series is the brand’s most wanted model. It comes with an aggressive performance, efficient fuel economy and perfect handling. In the diesel version, the 320d gives the best performance and fuel economy while the 320i has the best fuel economy and performance in the petrol engine.

If you are looking for an SUV version, then the BMW 5 Series holds the best executive range of used vehicles. It carries traits like being spacious, classy, and cheap to run considering its extensive time it takes before going for service. The 520d has the best fuel economy, offers smooth handling on any terrain, and its spare parts are affordable.

About Beverly Hills Auto Group
Since 1969, Beverly Hills Auto Group has committed to providing exceptional buying experience to anyone in need of a used BMW. Their experienced sales staffs offer a no hassle wide array of used luxury cars. Beverly Hills Auto Group is confident that anyone will appreciate their selection and affordability of their inventory. Beverly Hills Auto Group ensures that all their vehicles have passed the inspections process and are relatively priced. They also assist their customers in processing auto loans and even customize vehicles according to their client’s needs.