Day: August 14, 2023

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Stevie® Awards Announce Winners in 20th Annual International Business Awards® from Across the Globe

3,700 Nominations Were Submitted from Organizations in 61 Nations

3,700 Nominations Were Submitted from Organizations in 61 Nations

High-achieving organizations and executives around the world have been recognized as Gold, Silver, and Bronze Stevie® Award winners in The 20th Annual International Business Awards®. The top winner of Gold, Silver, and Bronze Stevie Awards is IBM of Armonk, NY USA with 21. Other winners of multiple Stevie Awards include HALKBANK, Istanbul, Turkey (20), Viettel Group, Hanoi, Vietnam (17), Telkom Indonesia, Jakarta, Indonesia (17), and others.

FAIRFAX, Va., Aug. 14, 2023 (GLOBE NEWSWIRE) — High-achieving organizations and executives around the world have been recognized as Gold, Silver, and Bronze Stevie® Award winners in The 20th Annual International Business Awards®, the world’s only international, all-encompassing business awards program.

Winners were selected from more than 3,700 nominations submitted by organizations in 61 nations.

A complete list of all 2023 Gold, Silver and Bronze Stevie Award winners by category is available at www.StevieAwards.com/IBA.

More than 230 executives worldwide participated on 11 juries to determine the Stevie winners.

The top winner of Gold, Silver, and Bronze Stevie Awards is IBM of Armonk, NY USA with 21. Other winners of multiple Stevie Awards include HALKBANK, Istanbul, Turkey (20), Viettel Group, Hanoi, Vietnam (17), Telkom Indonesia, Jakarta, Indonesia (17), Ayala Land, Inc., Makati City, Philippines (16), DHL Express, worldwide (14), A.S. Watson Group, Hong Kong (12), Tata Consultancy Services, worldwide (11), LLYC, Madrid, Spain (10), OPET, Istanbul, Turkey (10), HeyMo® The Experience Design Company, Istanbul, Turkey (9), Uniomedia Communications, Budapest, Hungary (9), AD Ports Group, Abu Dhabi, United Arab Emirates (8), FPT Software, Hanoi, Vietnam (8), Akbank T.A.Ş, Istanbul, Turkey (7), Cisco Systems, San Jose, CA USA (7), Maersk, Montreal, Canada (7), Everise, Plantation, FL USA (6), Ernst & Young, worldwide (6), Globe Telecom Inc., Taguig City, Philippines (6), Green Door Co, Sydney, Australia (6), nupco, Riyadh, Saudi Arabia (6), Philip Morris International, Lausanne, Switzerland (6), TriNet, Dublin, CA USA (6), WNS, Mumbai, India (6), ZER, Istanbul, Turkey (6), Canadian Tire Corporation, Toronto, Canada (5), Enerjisa Üretim, Istanbul, Turkey (5), Lounge Group, Budapest, Hungary (5), PJ Lhuillier, Inc. | Makati City, Philippines (5), Purpol Marketing, Chippenham, Wiltshire, United Kingdom (5), Megaworld Foundation, Inc., Taguig City, Philippines (5), Zimat Consultores, Mexico City, Mexico (5).

Halkbank, pioneering the development of the Turkish banking sector for 83 years, has won eight Gold Stevie Awards, more than any other organization.

All organizations worldwide are eligible to compete in the IBAs, and may submit nominations in a wide range of categories for achievement in management, marketing, public relations, customer service, human resources, new products and services, technology, web sites, apps, events, and more.

The awards will be presented during a gala event in Rome, Italy on October 13, 2023.

About the Stevie® Awards
Stevie Awards are conferred in eight programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Marketing Contact
Nina Moore
Nina@StevieAwards.com
+1 (703) 547-8389

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d3c48626-c892-4855-a6bc-db17ff9a72f5

GlobeNewswire Distribution ID 8893579

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Gordon Brothers Acquires Telefunken

Boston, Aug. 14, 2023 (GLOBE NEWSWIRE) — Gordon Brothers, the global advisory and investment firm, has acquired the global consumer electronics brand Telefunken.

Based in Frankfurt, Germany, Telefunken has become one of the leading names in the electronics sector with a diverse portfolio of products ranging from video, e-mobility, domestic appliances and audio.

Gordon Brothers will invest in the brand to drive further growth of the already successful enterprise within its existing product categories and bring Telefunken products to a younger consumer segment. The firm will focus on partnering with Telefunken’s current licensees and expanding the licensee portfolio internationally by leveraging Gordon Brothers’ relationships so the brand can continue to reach consumers globally.

The acquisition expands Gordon Brothers’ current portfolio of home and lifestyle brands to include consumer electronics, a vertical in which the global brands business has deep experience and expertise.

The firm previously revitalized Polaroid and helped the iconic consumer electronics brand find new life after acquiring it out of bankruptcy, transforming Polaroid into a licensing platform and once again making it relevant to consumers.

“We are honored to continue the incredible legacy Telefunken started in 1903 and grow the brand with current and new partners,” said Frank Morton, Chief Investment Officer of Gordon Brothers. “Telefunken has opportunities for expansion and is well positioned to benefit from global industry growth within the consumer electronics, appliance and e-bikes markets.”

“Telefunken’s asset-light model is a natural fit for our portfolio of brands,” said Tobias Nanda, Head of Brands at Gordon Brothers. “Our expertise in the consumer electronics sector will help build upon Telefunken’s 120-year history.”

“Telefunken is poised for growth and enhanced global outreach,” said Hemjo Klein, the former Chairman and founder of Telefunken’s holding company. “Having developed and established a working partnership with Gordon Brothers over the last several years, I am more than confident they will uphold the brand’s legacy and steer Telefunken through the next chapter of growth.”

Gordon Brothers has been actively investing in, repositioning and growing some of the world’s most iconic brands since 2003. As owners of several brands, including Laura Ashley® and Nicole Miller, the firm prioritizes expanding licensees and franchisees to bolster their e-commerce presence and develop more strategic wholesale and retail relationships.

About Gordon Brothers
Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, management teams, advisors and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four services areas: valuations, dispositions, financing and investment. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial and industrial sectors to provide maximum liquidity, put assets to their highest and best use and mitigate liabilities. The firm conducts more than $100 billion worth of dispositions and appraisals annually and provides both short- and long-term capital to clients undergoing transformation. Gordon Brothers lends against and invests in brands, real estate, inventory, receivables, machinery, equipment and other assets, both together and individually, to provide clients liquidity solutions beyond its market-leading disposition and appraisal services. The firm is headquartered in Boston, with over 30 offices across five continents.

About Telefunken
Telefunken was founded in Berlin in 1903. With a pioneering spirit Telefunken established over 20,000 patents in a broad array of global industries and has been known as the ‘Innovation Company’ with innovations including the first radio broadcast, first voice recorder, inventor of electronic TV camera and PAL-colour TV. The company became a leader in electronic communication and a global player in consumer electronics within audio, video, TV and information technology, industrial applications with data transfer, mobile communication, security and solar technology supporting the NASA space program with the first space solar panels. Based in Frankfurt, Telefunken has licensees throughout Asia, Europe, North America and South America.

Attachments

Lauren Nadeau
Gordon Brothers
+1.617.422.6599
lnadeau@gordonbrothers.com

GlobeNewswire Distribution ID 8893242

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Meetings to boost investment set to launch in regions

In an initiative set to commence on August 15, the Ministry of Economy and Planning is gearing up for a series of local meetings aimed at invigorating investment. Five events, running over two weeks, will take place in Sousse, Tozeur, Kasserine, Tabarka, and Nabeul. They are intended to foster a participatory framework in devising development policies and programmes, particularly those in connection to private sector investment and public-private partnership (PPP) and the encouragement of entrepreneurship and initiative, the ministry said. Topping the agenda are workshops covering diverse topics, including competitive and preferential advantages of each region and means to stimulate investment. Three additional workshops will address the following topics: industrial and logistics infrastructure and territory planning programmes, financial inclusion mechanisms of vulnerable Groups and funding, incentive and support mechanisms. The overreaching purpose of these workshops is to foster in-depth debates among all stakeholders on avenues to bolster private sector investment across the country and capitalise on available opportunities and resources. They are also meant to present operational recommendations to strengthen the role of the private sector in the national economy. These regional meetings fit within the implementation of the 2023-2025 Development Plan, particularly with respect to booting private investment and entrepreneurship.

Source: Agence Tunis Afrique Presse

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Overall electricity production dips 8% end of June

(TAP) – Total electricity production dropped 8% at the end of June to 8,470 Gigawatt hours (GWh)- excluding self-generated power- against 9,179 GWh at the end of June 2022. Likewise, production intended for the local market edged down 5%, the National Observatory of Energy and Mines (Ministry of Industry, Mines and Energy) said in a report on the energy situation in June published Monday. Thus, electricity purchases from Algeria and Libya covered 12% of local market needs at the end of June. National power utility company STEG still has the lion’s share with 99% of national production by late June. Natural gas-fired power generation dropped 8%, while electricity production from renewables accounted for 2.5% of total production. Actually, 182 MW of photovoltaic roofs were installed in the residential sector and 304 licenses were granted for an overall capacity of 79 MW in industrial and tertiary sectors and agriculture . Peak demand also posted a 22% drop to 3,566 MW at end of June against 4,563 MW during the same period last year. Electricity sales fell 1% between late June 2022 and late June 2023. High and medium voltage customer sales also fell 5% and 3%, respectively. Low-voltage sales, mainly for the residential sector (nearly 75% on average), do not provide an accurate view of the actual consumption. Manufacturers remain the largest consumers of electricity with 61% of all high and medium voltage demand by end of June 2023. Most of the sectors reported lower electricity purchases, mainly the paper and publishing industry (-22%), extractive industries (-14%) and building materials, ceramics and glass industries (-10%). Meanwhile, higher sales were reported for the water pumping sector (+11%) and tourism (+3%).

Source: Agence Tunis Afrique Presse