CBX Daily 3/12/2025

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CultureBanx Team
March 12, 2025

Today, Wall Street’s past still shines bright, but let’s start with how Formula 1’s takeover may be in sight…

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The World’s Most Powerful Luxury Group Is Coming For Formula 1 

CBX Vibe

LVMH (LVMH 0.26%), the world’s leading luxury conglomerate, is making a strategic expansion into the sports industry, recognizing the powerful intersection of high fashion and elite athletics. This deliberate move includes high-profile partnerships, acquisitions, and sponsorships, positioning LVMH as a key player in a multi-billion-dollar market. In a landmark 10-year agreement starting in 2025, LVMH has become a global partner of Formula 1, integrating its iconic brands into the motorsport arena.

Exploring The Significance Of Black Wall Street                

CBX Vibe:

Black Wall Street has long been a symbol of economic hope and success, due to the entrepreneurial spirit demonstrated by Greenwood residents who thrived together at a time when it wasn't common, in the face of racism and segregation in the early 1900s. With an estimated $200 million of Black-owned property wealth destroyed during the Tulsa Race Massacre there are people like Kevin Matthews II, author of “From Burning to Blueprint: Rebuilding Black Wall Street After a Century of Silence,” breaking down on  Public.com exactly what took place in 1921 and how we move forward.  As a Tulsa native, Matthews made it his mission to find out the roots of the race riot that killed nearly 300 people in 12 hours. Moreover, he seeks to answer the question, “How do we get back to the blueprint that Black Wall Street had set prior to the travesty?”

Wrong Time For Toasts With Declining Champagne Sales               

CBX Vibe:

At weddings, birthdays, graduation parties, dinners, and even year-end work celebrations, champagne holds an unspoken presence, elevating social gatherings with its celebratory charm. However, in recent times, champagne sales are losing their sparkle as global consumers tighten their belts amid economic and political turmoil. In 2024, the industry experienced a 9.2% decline in sales, with domestic consumption in France–champagne's backyard dropping by 7.2% to 118.2 million bottles, the lowest since 1985. Exports also suffered, decreasing by 10.8% to 153.2 million bottles.

Tune-in Tuesdays!

There’s a looming shakeup in the corporate world when it comes to top leadership positions as C-suite roles face a high turnover. Is this an inevitable result of corporate evolution, or a sign of deeper problems within organizational culture and leadership?

A. "Pressure" by Ari Lennox – There’s immense pressure placed on leaders to constantly adapt, leading to instability and lack of continuity in corporate messaging
B. "When You Believe" by Whitney Houston & Mariah Carey – Companies are striving to maintain optimism and momentum in the face of uncertainty, believing that turnover is a necessary phase for growth and future success
C. "Sorry" by Ciara – The constant turnover might point to deeper dissatisfaction among executives with the corporate culture or leadership direction, suggesting that companies may be struggling to retain the right people for the job

What are your thoughts on this? Tune in next Tuesday to see which jam captures the prevailing sentiment!

A  |  B  |  C

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Last week’s results are in and it’s seems the U.S. needs to ‘Get Rich’ by selling visas.

The High Price of Printing Currencies in Other Countries              

CBX Vibe:

Missing cash to the tune of $104 million in Liberia is still unaccounted for, after it was printed overseas and passed through the country's main port and airport. With Africa being the fastest growing region for banknote printing and several countries having this process done outside of their borders, should we care where our money is printed?

Does Your Office Hold The Keys To Productivity?             

CBX Vibe:

The pandemic era has been long over and the crème de la crème in most workplaces have been calling for a return-to-office hoping to restore a sense of traditional work culture. Their claim is that physical presence at the office will boost productivity yet studies suggest that this push overlooks the evolving preferences of employees who value flexibility. Further, employee productivity peaked during the pandemic and rose by 4.4% in 2020. 

Vibes of the Week

It’s not a “Catfish” as Luxury Empire eyes Formula 1. Doechii expounds in our CBX Vibes!