Neiman Marcus Steps Up Its Efforts to Go Global

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How do you cater to the wealthy around the world without opening physical stores?  You buy an existing successful online business.

The luxury retailer [Neiman Marcus], which only operates department stores and outlet stores in the United States, has announced a rare acquisition: a deal to buy the Munich-based Mytheresa.com online luxury business from founders Christoph and Susanne Botschen and Acton Capital Partners.

As part of the deal, Neiman Marcus is also buying Theresa’s flagship store in central Munich.

Look out Net-a-Porter and The Corner.  The competitive heat is on.

Read:  Neiman Marcus goes global thanks to an e-commerce deal

Today in Global Small Business: What We Would Lose Without Collective Mourning

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What's affecting me, my clients, my colleagues and other global small business owners:

• If you love wine and you love business, perhaps setting up a wine import business is for you.
• Why we should not reduce human tragedy to a retweet and how collective mourning on a global basis is more important than you think.
• Do you know what the chief technology officer of a country does?
• And the global student entrepreneur award goes to FiberFix.
• Retro:  Make 2007 your year to go global (why Peter Drucker was on target).

Today in Global Small Business: Rise of the Rest Road Trip

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What's affecting me, my clients, my colleagues and other global small business owners:

• President Obama's Export Council in June discussed letters of recommendations to be delivered and adopted soon.
• Discover four ways to achieve new growth in developing countries.
• The reasons to go global and why so many small businesses are choosing to do so.
• Is something getting lost in the Hello Kitty translation?
• Why Yahoo is going back to the drawing board on its e-commerce strategy.
• The Rise of the Rest Road Trip with AOL founder and investor Steve Case.

How to Get Paid When You Go Global: Twitter Chat USA June 5th at 2:30 p.m. EST

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Stuck on how to get paid on your global deals?  Get unstuck and discover creative solutions at the Twitter Chat hosted by #TradeElite on "How to get paid when you go global," Thursday, June 5th,  2:30 p.m. EST w/@ARMalaket_OPUS, @LaurelDelaney, @RanyIbrahim and @edbmarsh.

See you at Twitter and I welcome your participation and questions!

Meanwhile, some CliffNotes in advance of the Twitter Chat 6/5:

An Insider's Guide to Making Payments and Getting Paid on Overseas Transactions

Digital SMEs, Let's Go Global with Unilever

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Unilever's Go Global initiative started earlier this month and is open to digital marketing start-ups in the area of content, mobile or other connected devices.  The seven digital companies selected will be awarded $100,000 and their technology will be incorporated into a Unilever brand’s marketing campaign in the UK, US, South Africia, Indonesia, India, Brazil or Argentina.

The Unilever brands involved are: Magnum, Surf, Flora Pro-Activ, Hellmann’s, Vaseline and Clear.

Learn more here.  Apply here (deadline:  January 17, 2014)  Make your global dream come true in the new year!

Pretty Pittsburgh!

©2013 Laurel Delaney.  All rights reserved.

I had the great honor of giving a presentation on "Go Global!" to Seton Hill University's E-Magnify's women business center on September 26th.  What a magnificent city Pittsburgh is.  I took this photo en route from the airport to the university.  I'll definitely be returning soon.  It's a gem of a place.

Meanwhile, watch for the announcement of my new exporting book on Monday, September 30th!  And don't forget to sign up for tips (email address) and pre-order through Amazon, Barnes & Noble or Apress!  Thanks!

Have a good weekend!

Go Global Webinars!

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Are you just getting started in exporting and trying to understand the rules and regulations?  Then you might want to consider the Go Global Webinar series put on by Export.gov - and the best part?  It's free.  The series provides the tools and resources you need to expand into new markets. 

The next one scheduled is September 24th:  Understanding Export Regulations - Export Administration Regulations

Description: An essential part of exporting is determining which U.S. export regulation applies to you. While a freight forwarder or delivery service can point you in the right direction, you are ultimately responsible. This is your opportunity to learn directly from the experts.

Note:  All webinars start at 1:00 p.m. Eastern Standard time and last an hour.

Go here (http://www.census.gov/mso/www/training/) to register.  Successful exporting to you!

Ford's EcoSport Poised to Go Global

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Ford is on a global role. After launching the EcoSport in India and Nepal, Ford India has now started exporting its SUV to South Africa. Next up? Ford will launch EcoSport in Europe, Middle-East, Sri Lanka and Vietnam by late 2013 or early 2014

Ultimately, Ford plans to take the EcoSport production global. Besides Chennai in India, Ford has shortlisted locations like Elabuga in Russia, Rayong in Thailand, Camacari in Brazil and Chongqing in China for its plants. It will be retailed in 62 countries by the year 2017.

Read the entire article here.

How to Go Global For One Night Only

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Interesting idea on how to go global for one night only and these kids pull it off with a theater production.

The show called 'Dance Around the World', features ballet, jazz, tap, street jazz and contemporary styles of dancing as well as musical theater.

Read the entire article:  Going Global For One Night Only

To Go Global, Start Making Baby Formula

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Major retailers in Germany this year began rationing sales of leading brands of baby formula. Parents in Britain, the Netherlands and Hong Kong have faced similar restrictions.  So much for globalization.

Part of the reason for the scarcity?

Parents thousands of miles away in China have been using the Internet or tapping friends and relatives in Europe to buy up stocks of high quality European-produced formula — often paying much higher prices than they would here.  Chinese demand for foreign brands soared after drought in Australia and New Zealand cut supplies from China’s major sources of imported baby formula. 

Read more here.

Meanwhile, start making premium baby formula for export.