Can the Fifteen Percent Pledge Get Past the Number?

Conservative Activists Target Black Founders Fund; Costa Brazil, Onda Beauty Shutting Down ~/AAAHagA~/RgRmtFbfP0SLaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA4MDgyMyZ1dG1fY29udGVudD1ib2ZfbG9nb1cFc3BjZXVCCmTK39HRZGN7n5tSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~ ADVERTISEMENT ~/AAAHagA~/RgRmtFbfP0SYaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL21hc3RlcmNsYXNzZXMvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDgwODIzJnV0bV9jb250ZW50PWFkX3Nsb3RXBXNwY2V1Qgpkyt_R0WRje5-bUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~ WHAT YOU NEED TO KNOW TODAY: TUESDAY, AUGUST 8, 2023 - Three years after its founding, [The Fifteen Percent Pledge is contending with a climate of stalled progress](~/AAAHagA~/RgRmtFbfP0TVaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL3dvcmtwbGFjZS10YWxlbnQvY2FuLXRoZS1maWZ0ZWVuLXBlcmNlbnQtcGxlZGdlLWdldC1wYXN0LXRoZS1udW1iZXIvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDgwODIzJnV0bV9jb250ZW50PWludHJvVwVzcGNldUIKZMrf0dFkY3ufm1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) and growing backlash to corporate diversity measures. - Conservative activists behind the legal challenge to affirmative action are now [targeting a fund that backs Black founders.](~/AAAHagA~/RgRmtFbfP0TWaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL3dvcmtwbGFjZS10YWxlbnQvbGF3c3VpdC10YXJnZXRzLWZhc2hpb24tY29ycG9yYXRlLWRpdmVyc2l0eS1lZmZvcnRzLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA4MDgyMyZ1dG1fY29udGVudD1pbnRyb1cFc3BjZXVCCmTK39HRZGN7n5tSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) - Private equity firm Advent International is close to [acquiring Zimmermann in a deal valuing the brand at about $1 billion,](~/AAAHagA~/RgRmtFbfP0S_aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL25ld3MvcmV0YWlsL2FkdmVudC1uZWFycy0xLWJpbGxpb24tZGVhbC1mb3ItemltbWVybWFubi8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8wODA4MjMmdXRtX2NvbnRlbnQ9aW50cm9XBXNwY2V1Qgpkyt_R0WRje5-bUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) Bloomberg reports. - Amyris is [shutting down its Costa Brazil and Onda Beauty brands,](~/AAAHagA~/RgRmtFbfP0THaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL2JlYXV0eS9hbXlyaXMtc2h1dHMtZG93bi1jb3N0YS1icmF6aWwtYW5kLW9uZGEtYmVhdXR5Lz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA4MDgyMyZ1dG1fY29udGVudD1pbnRyb1cFc3BjZXVCCmTK39HRZGN7n5tSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) BoF has learned. - SKKY Partners, Kim Kardashian’s private equity firm, has [tapped former Burberry and Apple executive Angela Ahrendts as senior operating advisor.](~/AAAHagA~/RgRmtFbfP0TqaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL25ld3MvcmV0YWlsL2tpbS1rYXJkYXNoaWFuLXByaXZhdGUtZXF1aXR5LWZpcm0tdGFwcGVkLWFuZ2VsYS1haHJlbmR0cy1hcy1zZW5pb3Itb3BlcmF0aW5nLWFkdmlzb3IvP3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDgwODIzJnV0bV9jb250ZW50PWludHJvVwVzcGNldUIKZMrf0dFkY3ufm1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) - Though many direct-to-consumer brands have had a bumpy time of late, our [case study](~/AAAHagA~/RgRmtFbfP0TuaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2Nhc2Utc3R1ZGllcy9kaXJlY3QtdG8tY29uc3VtZXIvaG93LXRvLWJ1aWxkLXByb2ZpdGFibGUtZHRjLWJyYW5kLW1hcmluZS1sYXllci10cmlubnktbG9uZG9uLW1ldW5kaWVzLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA4MDgyMyZ1dG1fY29udGVudD1pbnRyb1cFc3BjZXVCCmTK39HRZGN7n5tSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) explores strategies some are deploying to grow both their top and bottom lines. TOP STORIES [WORKPLACE & TALENT](~/AAAHagA~/RgRmtFbfP0TPaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3RvcGljcy93b3JrcGxhY2UtdGFsZW50P3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDgwODIzJnV0bV90ZXJtPVNaRk1HUFZGS1ZDQkJHR0I3UlZUNkRCTFlZJnV0bV9jb250ZW50PXRvcF9zdG9yeV8xX3RvcGljVwVzcGNldUIKZMrf0dFkY3ufm1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) [Can the Fifteen Percent Pledge Get Past the Number?](~/AAAHagA~/RgRmtFbfP4QFAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy93b3JrcGxhY2UtdGFsZW50L2Nhbi10aGUtZmlmdGVlbi1wZXJjZW50LXBsZWRnZS1nZXQtcGFzdC10aGUtbnVtYmVyLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA4MDgyMyZ1dG1fdGVybT1TWkZNR1BWRktWQ0JCR0dCN1JWVDZEQkxZWSZ1dG1fY29udGVudD10b3Bfc3RvcnlfMV90aXRsZVcFc3BjZXVCCmTK39HRZGN7n5tSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) By Sheena Butler-Young ~/AAAHagA~/RgRmtFbfP4QFAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy93b3JrcGxhY2UtdGFsZW50L2Nhbi10aGUtZmlmdGVlbi1wZXJjZW50LXBsZWRnZS1nZXQtcGFzdC10aGUtbnVtYmVyLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA4MDgyMyZ1dG1fdGVybT1TWkZNR1BWRktWQ0JCR0dCN1JWVDZEQkxZWSZ1dG1fY29udGVudD10b3Bfc3RvcnlfMV9pbWFnZVcFc3BjZXVCCmTK39HRZGN7n5tSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~ [As the climate around diversity initiatives shifts, the nonprofit is adapting its messaging to emphasise the need for long-term, structural changes over quick fixes.](~/AAAHagA~/RgRmtFbfP4QDAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy93b3JrcGxhY2UtdGFsZW50L2Nhbi10aGUtZmlmdGVlbi1wZXJjZW50LXBsZWRnZS1nZXQtcGFzdC10aGUtbnVtYmVyLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA4MDgyMyZ1dG1fdGVybT1TWkZNR1BWRktWQ0JCR0dCN1JWVDZEQkxZWSZ1dG1fY29udGVudD10b3Bfc3RvcnlfMV9kZWtXBXNwY2V1Qgpkyt_R0WRje5-bUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) [READ MORE](~/AAAHagA~/RgRmtFbfP4QDAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy93b3JrcGxhY2UtdGFsZW50L2Nhbi10aGUtZmlmdGVlbi1wZXJjZW50LXBsZWRnZS1nZXQtcGFzdC10aGUtbnVtYmVyLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA4MDgyMyZ1dG1fdGVybT1TWkZNR1BWRktWQ0JCR0dCN1JWVDZEQkxZWSZ1dG1fY29udGVudD10b3Bfc3RvcnlfMV9jdGFXBXNwY2V1Qgpkyt_R0WRje5-bUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) ~/AAAHagA~/RgRmtFbfP4QDAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy93b3JrcGxhY2UtdGFsZW50L2Nhbi10aGUtZmlmdGVlbi1wZXJjZW50LXBsZWRnZS1nZXQtcGFzdC10aGUtbnVtYmVyLz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA4MDgyMyZ1dG1fdGVybT1TWkZNR1BWRktWQ0JCR0dCN1JWVDZEQkxZWSZ1dG1fY29udGVudD10b3Bfc3RvcnlfMV9jdGFXBXNwY2V1Qgpkyt_R0WRje5-bUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~ [WORKPLACE & TALENT](~/AAAHagA~/RgRmtFbfP0TPaHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL3RvcGljcy93b3JrcGxhY2UtdGFsZW50P3V0bV9zb3VyY2U9bmV3c2xldHRlcl9kYWlseWRpZ2VzdCZ1dG1fbWVkaXVtPWVtYWlsJnV0bV9jYW1wYWlnbj1EYWlseV9EaWdlc3RfMDgwODIzJnV0bV90ZXJtPU5WSFBKWEROV1pBN0ZERTRWMjNBT0hJNVZVJnV0bV9jb250ZW50PXRvcF9zdG9yeV8yX3RvcGljVwVzcGNldUIKZMrf0dFkY3ufm1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) [A New Lawsuit Puts Fashion’s Corporate Diversity Efforts in the Crosshairs](~/AAAHagA~/RgRmtFbfP4QGAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy93b3JrcGxhY2UtdGFsZW50L2xhd3N1aXQtdGFyZ2V0cy1mYXNoaW9uLWNvcnBvcmF0ZS1kaXZlcnNpdHktZWZmb3J0cy8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8wODA4MjMmdXRtX3Rlcm09TlZIUEpYRE5XWkE3RkRFNFYyM0FPSEk1VlUmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzJfdGl0bGVXBXNwY2V1Qgpkyt_R0WRje5-bUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~) By Sheena Butler-Young ~/AAAHagA~/RgRmtFbfP4QGAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy93b3JrcGxhY2UtdGFsZW50L2xhd3N1aXQtdGFyZ2V0cy1mYXNoaW9uLWNvcnBvcmF0ZS1kaXZlcnNpdHktZWZmb3J0cy8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8wODA4MjMmdXRtX3Rlcm09TlZIUEpYRE5XWkE3RkRFNFYyM0FPSEk1VlUmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzJfaW1hZ2VXBXNwY2V1Qgpkyt_R0WRje5-bUht0cmlzdHJhbWJhbGR3aW45MEBnbWFpbC5jb21YBAAAACQ~ [The litigation, brought by the same conservative activist who led the successful campaign against affirmative action in college admissions, targets a Black-led VC fund that has invested in beauty brands Brown Girl Jane and Bread Beauty among others.](~/AAAHagA~/RgRmtFbfP4QEAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy93b3JrcGxhY2UtdGFsZW50L2xhd3N1aXQtdGFyZ2V0cy1mYXNoaW9uLWNvcnBvcmF0ZS1kaXZlcnNpdHktZWZmb3J0cy8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8wODA4MjMmdXRtX3Rlcm09TlZIUEpYRE5XWkE3RkRFNFYyM0FPSEk1VlUmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzJfZGVrVwVzcGNldUIKZMrf0dFkY3ufm1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) [READ MORE](~/AAAHagA~/RgRmtFbfP4QEAWh0dHBzOi8vd3d3LmJ1c2luZXNzb2ZmYXNoaW9uLmNvbS9hcnRpY2xlcy93b3JrcGxhY2UtdGFsZW50L2xhd3N1aXQtdGFyZ2V0cy1mYXNoaW9uLWNvcnBvcmF0ZS1kaXZlcnNpdHktZWZmb3J0cy8_dXRtX3NvdXJjZT1uZXdzbGV0dGVyX2RhaWx5ZGlnZXN0JnV0bV9tZWRpdW09ZW1haWwmdXRtX2NhbXBhaWduPURhaWx5X0RpZ2VzdF8wODA4MjMmdXRtX3Rlcm09TlZIUEpYRE5XWkE3RkRFNFYyM0FPSEk1VlUmdXRtX2NvbnRlbnQ9dG9wX3N0b3J5XzJfY3RhVwVzcGNldUIKZMrf0dFkY3ufm1IbdHJpc3RyYW1iYWxkd2luOTBAZ21haWwuY29tWAQAAAAk) [Amyris to Shut Down Costa Brazil and Onda Beauty](~/AAAHagA~/RgRmtFbfP0T3aHR0cHM6Ly93d3cuYnVzaW5lc3NvZmZhc2hpb24uY29tL2FydGljbGVzL2JlYXV0eS9hbXlyaXMtc2h1dHMtZG93bi1jb3N0YS1icmF6aWwtYW5kLW9uZGEtYmVhdXR5Lz91dG1fc291cmNlPW5ld3NsZXR0ZXJfZGFpbHlkaWdlc3QmdXRtX21lZGl1bT1lbWFpbCZ1dG1fY2FtcGFpZ249RGFpbHlfRGlnZXN0XzA4MDgyMyZ1dG1fdGVybT1JVlFRTkk2VDdCRk41RVRYS1M2TDY3UlVXSSZ1dG1fY29udGVudD10b3Bfc3RvcnlfM190aXRsZVcFc3BjZXVCCmTK39HRZGN7n5tSG3RyaXN0cmFtYmFsZHdpbjkwQGdtYWlsLmNvbVgEAAAAJA~~) [READ 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Resorts Collection chief marketing officer Mike Minchin shares how an evolution of experience-driven travel and turn-key service are bolstering success in the hospitality sector — and how fashion can stand to benefit. 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