Morning Brew - ☕ Just like a movie

Francis Ford Coppola: the ‘accidental hotelier.’
April 26, 2024

Retail Brew

It’s Friday, and the economy’s got the jitters. The combination of slowing GDP growth and continued inflation is stoking fears that the Fed may not cut rates this year, meaning higher interest rates for a longer period of time. Usually these fears don’t bode well for consumers or retailers, but so far at least Americans haven’t closed their wallets.

In today’s edition:

—Jeena Sharma, Alex Vuocolo

OPERATIONS

From Hollywood to hotels

The Turtle Inn hotel in Belize The Turtle Inn/The Family Coppola Hideaways

When you think of Francis Ford Coppola, you probably think of The Godfather, but the filmmaker wears many hats. A short four-hour flight from NYC will get you to the little Central American country of Belize, home to a rich history rooted in traditions of a multitude of ancient cultures such as the Mayans.

But did you know that beyond the lush forests and the beautiful beaches, Belize is also home to two quaint luxury hotels owned by Coppola?

The Turtle Inn, for instance, which Coppola and his late wife Eleanor acquired in 2001, sits as a “beachside hideaway” at “the fishing village of Placencia,” according to its website, featuring multiple dining options and artistic shops. The same goes for Blancaneaux Lodge, the first property acquired by the director in the 1980s to be part of the “Family Coppola Hideaway.” Today, the Hideaways portfolio has six hotels across Belize, Guatemala, Argentina, and Italy, but one common theme links them all.

“Unlike major brand hotels that I’ve worked for in the past…that might take a more corporate way to look at a partnership…everything that the Coppolas endeavor in the art of what they do is 1,000% more important than the commerce of what they do,” Christine Gaudenzi, director of marketing and business development at the The Family Coppola Hideaways, told Retail Brew, adding that the attitude also is reflected across its multiple retail partnerships carefully selected by members of the Coppola family.

Keep reading here.—JS

   

FROM THE CREW

Your burning questions about work, answered

The Crew

Is it okay to ask your co-worker how much they make? Is Gen Z set up for failure in the workplace? Should you really bring your whole self to work?

Each week on Per My Last Email, Morning Brew’s resident career experts, Kaila and Kyle—whose careers have collectively spanned the corporate, government, nonprofit, and startup sectors—debate the trickiest challenges in work life and share insightful (and sometimes hilarious) tactics on how to overcome them. Listen now.

E-COMMERCE

Helping hand

Amazon delivery Marekuliasz/Getty Images

On Tuesday, Amazon announced it’s extending a new grocery delivery subscription to Prime members and customers who use EBT assistance.

The company is offering Prime members in more than 3,500 cities and towns a monthly $9.99 subscription for one-hour delivery, unlimited 30-minute order pick-up, and unlimited delivery on orders costing $35 or more from select grocers and specialty retailers. Nonmembers with a registered EBT card can get the same benefits for $4.99 per month.

“We have many different customers with many different needs, and we want to save them time and money every time they shop for groceries,” Tony Hoggett, SVP of worldwide grocery stores at Amazon, said in a statement.

Amazon isn’t the only major retailer to discount membership and subscriptions benefits for customers who receive government support.

Keep reading here.—AV

   

FASHION

Up ahead

Coach store sign on building exterior. Peter Dazeley/Getty Images

We’re back with Retail Brew’s weekly rundown of everything you need to know in fashion. This week, the FTC has sued to block an $8.5 billion acquisition deal, and a French luxury brand may be eyeing a designer at an American fashion giant.

FTC moves to block Tapestry-Capri merger

If you’ve been following this column, you probably know all about the proposed $8.5 billion takeover of Capri Holdings by Tapestry. But in a surprising turn of events, the Federal Trade Commission has sued to block the merger, saying it would “eliminate direct head-to-head competition between Tapestry’s and Capri’s brands.” The FTC also has concerns about higher prices for US consumers, as well as lower employee wages.

Why this matters: The merger would allow Tapestry, which owns brands like Coach and Kate Spade, to acquire Capri, which owns Versace and Michael Kors, and has been in the making since August last year. If it went through, it would put Tapestry in the big leagues as far as the European luxury market goes.

Keep reading here.—JS

   

TOGETHER WITH BUXTON

Buxton

Prepare to debunk. Tune in to Myth Busters: The Reality of Personalization webinar to bust common misconceptions about personalization in marketing. Hear from pros like GNC’s Jenna O’Connor, Gigantic Design Co.’s Sean Murphy, and Buxton’s Lisa Albert about how personalization can scale with your strategy, no matter your industry. Watch on demand.

SWAPPING SKUS

Today’s top retail reads.

Drug specialist: Walgreens is launching a $24 billion specialty pharmacy business to handle gene and cell therapies. (CNBC])

Recall nation: 2023 saw the highest level of food recalls since before the pandemic. (Axios)

Labeling rules: Meet Peter Barton Hutt, the man who created the nutritional label. (the Wall Street Journal)

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