Luxury Spa & Fitness Company of the Year 2021 – USA

Luxury Spa

Exhale Spa is a company with facilities all over the USA that combine both fitness and wellness. Essentially, it welcomes clients into a relaxing, beautifully crafted spa environment that puts their peace of mind first, allowing them access to a wide range of fitness and exercise classes all in the same facility, showing clients how physical exercise and rest can work hand in hand to promote a healthy lifestyle. With many more classes, locations, and operational changes coming soon as part of its consistent dedication to further growth and development, it is excited to see what the new year will bring for it and its clients.

In such a dynamic and busy world, everyday life can be hectic. Thus, Exhale Spa seeks to be a place where clients can step away from that, using it as a retreat in which they can relax, recentre, and recalibrate. In short, it wishes to give them a place where they can ‘exhale’. Fundamentally, it strives to show its clients how they should always be putting their health and wellbeing first, providing services through which they can see to their bodily needs in a stress-free environment that blends fitness and spa facilities into a perfect combination of physical exercise and relaxation.

Giving clients time to centre their body and mind, whether they need an hour of calm or a session of full-body workouts, Exhale Spa offers a cornucopia of different services that a client can avail themselves of throughout the course of their stay, allowing them to leave rejuvenated and ready to get back into the swing of things. Guided by an expert team of fitness teachers and therapists, customers will always be able to find what they need to elevate their sense of wellbeing.

In essence, Exhale Spa wishes to continue improving and developing itself, continuing its reputation as one of the most exemplary spa and fitness facilities in the respective local areas in which its facilities are found. Having made itself a cornerstone of its communities, garnering a roster of loyal return clients, and attracting new ones on a daily basis, its educated and well-trained team are consistently training and upskilling themselves even further, adding to and evolving their work in order to serve the clients of Exhale Spa with the best solutions available.

Of course, during the past couple years, there have certainly been challenges. Critically, the pandemic’s social distancing the indoor protocol laws have made fitness classes more of a challenge to run, but it has pushed through, working hard to keep itself at the forefront of fitness developments in order to improve. Moreover, its clients can see this from the very moment they walk through the door, able to immediately benefit from the way in which its constant evolution allows it to keep up to date with the latest technologies and legislative shifts in the region of Bermuda. With its NoMad NYC location opening soon, introducing Exhale Spa’s new medical spa and med-spa procedures, it is looking forward to further expanding, getting into the swing of relaunching its fitness services with more classes than ever before in its Miami location in particular.

For further information, please contact Marie O’Connor or visit exhalespa.com

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Best Media & PR Company – California

Victori Solutions, a company led by an already famed mind in her industry, has made a name for itself with its comprehensive, insightful PR solutions and strategies. When working with its clients – both internationally and domestically – this California based company works hard to help them turn their story into a selling point, attracting end customers, journalists, and influencers as a result who will further bolster the brand. With media relations skills, public relations, social media, and influencer programmes all falling under its repertoire, its portfolio of successful campaigns grows by the day.

In a current corporate climate of constant change, delivering the right message at the right time to the right market is making itself a more pivotal part of successful operation than ever before. In order to help its clients make this happen, Victori Solutions is offering exemplary PR and marketing services from ‘maverick public relations guru’ Victoria – Tori – Elder. Fundamentally, this California based company has been emboldened by Tori’s five years of experience working with a leading public relations firm in LA, where she managed multiple accounts, handled public outreach, crafted dynamic press releases, and developed strategic press events and celebrity partnerships with an incredible level of skill. Today, she has grown her skillset into her own business entity. Victori Solutions has grown from just the founder to a small, dedicated, diligent team of women with progressive public relations strategies, each of whom are ready to work hard and with scrupulous professional acumen at every turn.

Since then, Victori Solutions and its incredible team have secured a number of public relations roles with heavy hitters of industry and turned them into lifelong clients, from major corporations to cultural institutions, multiple-day festivals, award shows, non-profits, luxury destinations, e-commerce companies, and gourmet food product creators. Its staff have grown in skill as a result so that today, Victori Solutions is better than ever. Furthermore, each of them believes that great public relations means creating and maintaining ongoing relationships with the press and influencers, and so this is the focus of Victori Solutions when it comes to working with its clientele.

It knows the power of knowing how your business will be viewed by the outside world, and how that will be mediated to a market segment by journalists and social media’s loudest voices. Victori Solutions is also aware of the current prevailing modern paradigm of business becoming an excellent data source for the influential, and helps clients turn themselves into an attractive investment opportunity, passionate about helping them uncover and communicate their story in an attractive manner. Essentially, from luxury cook wear to prestigious fitness lines, Victori Solutions promises to carefully craft the perfect PR strategy that will allow a company to reach their customer base in a manner that will appeal to them and make an instant connection.

By empowering today’s corporate ecosystem to always put its best foot forward when reaching out to the wider world, Victori Solutions is helping businesses remain connected with their market segments, peers, and circles of influence. For this, it wishes to thank every member of its small yet committed team, thanking them for their consistent excellence and sophistication when it comes to serving its high-end clients both domestically and on an international level. Without Marissa’s fantastic eye for detail in the changing world of social media and Taylor’s creative approach to storytelling, it knows it wouldn’t be where it is today, and Tori is excited to see where herself and her staff can take the company and its clients next as the world moves forward into a bold new age.

For further information, please contact Victoria Elder or visit https://victorisolutions.com

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Kyndryl Announces a New Cloud Innovation Centre in Montreal

Cloud Innovation

Centre will create nearly 500 new IT roles and extend Kyndryl’s industry-leading cloud services to more Canadian organizations

Kyndryl announced today the creation of a new bilingual technology services centre in Montréal, Québec that is expected to create nearly 500 new IT jobs in the next five years. This centre will enable Kyndryl to meet the growing demand for cloud skills and extend delivery of its industry-leading digital transformation services to Canadian organizations.

Kyndryl, the new independent infrastructure technology services company spun off from IBM, is the largest in Canada and the world. The company supports mission critical workloads and digital transformation for top Canadian organizations. The company designs, builds, manages, and modernizes the mission-critical technology systems that the world depends on every day including Canadian customers such as financial institutions, airlines, governments, industrial products, and more. 

The new Cloud Innovation Centre will provide Canadian customers with high value certified skills in areas including cloud application modernization, automation for DevOps and service management, analytics and artificial intelligence, and digitization services. By expanding access to this advanced expertise, Kyndryl will help its existing and new customers tackle their most pressing business objectives in modern, digital ways.

Cloud, one of Kyndryl’s key practice areas, is being used to accelerate digitization for organizations across every industry. Through partnerships with hyperscalers such as Microsoft and Google Cloud – and leading solutions providers SAP and VMware – Kyndryl is delivering enterprises the freedom of choice to deploy the best technologies that fit their operations. Additionally, cloud is the enabler of the other practice areas Kyndryl delivers including: Applications, Data & Artificial Intelligence, Digital Workplace, Security & Resiliency, Network & Edge, and Core Enterprise & zCloud.

The centre has already created more than 100 new IT roles who have a desire to build innovative skills for the future. New employees are receiving training across the tech industry’s leading cloud platforms, automation tools, cybersecurity, and from Kyndryl’s vast partner network.

“This centre creates tremendous opportunity in several ways. Our customers and organizations across Canada can now leverage Kyndryl’s world class talent, with the top skills in cloud and technology services, to help them accelerate their digital transformation strategies and achieve their business goals,” says Xerxes Cooper, President of Kyndryl Canada.  “The next-generation workforce from local technical colleges and universities have the opportunity to deliver the technology skills needed to drive business innovation, and this centre positions Quebec as a hub for global businesses.”

The COVID-19 pandemic forced organizations to accelerate their digital transformation strategies. Today, the pressure to remain relevant in a fiercely competitive market means that transformation must continue. The demand for skills and expertise has never been higher, making the creation of Kyndryl’s Cloud Innovation Centre important and timely for Canadian companies.

Canada is home to a diverse, highly-skilled, and well-educated workforce and a thriving innovation ecosystem. Investments like Kyndryl’s will play an important role in supporting Canada’s strong, sustainable, inclusive economic recovery. Our government will continue to promote Canada as a leading investment destination and create good-paying middle class jobs around the country.”

Mary Ng, Minister of International Trade, Export Promotion, Small Business and Economic Development:

“The Ville de Montréal is delighted that Kyndryl has chosen Montréal for its new services centre. Coming out of the pandemic, companies must transform their business models and adopt new technologies. Kyndryl’s growth in Montréal demonstrates the impact of the efforts made by the city and its partners over the past few years. The company will be able to count on the talent from our universities and the support of our teams throughout all stages of the business development.”

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New World Report Unveils the 2021 Winners of the North America Business Awards

North America Business Awards 2021

United States, 2021 – New World Report has announced the winners of the annual North America Business Awards.

With 2021 becoming another struggle for businesses across the North America region, businesses have had to adapt with the ongoing battle once again with COVID-19 to survive. Though North America is home to some of the world’s most successful corporations, small to medium enterprises and initiatives that places equality, innovation, and progressive thinking at the forefront of its day-to-day business operations.

The North America Business Elite Awards 2021 will aim to honour those whose efforts have yielded outstanding products and services for the diverse clientele found across the region and our scope will extend to businesses across every industry sector along with the institutions that support them.

Awards Coordinator Harwinder Pawar took a moment to speak on the achievements of those recognized. “The North America Business Elite Awards are always a highlight for me, shedding light on companies across the nation, especially with consideration of the challenges all businesses and all industries have faced over the last year is such a honour. I offer a sincere congratulations to all of those acknowledged in this program and hope you all have a fantastic year ahead.”

To learn more about our award winners and to gain insight into the working practices of the “best of the best”, please visit the New World Report website (https://www.thenewworldreport.com/awards/north-america-business-awards/) where you can access the winners supplement.

ENDS

NOTES TO EDITORS

About New World Report

New World Report is an insightful and informative business news platform providing readers throughout the Americas with business advice to aid business progress, success stories aimed to inspire and trends and innovations to support business growth and continuity. Born out of the merge of U.S. Business News and Latin America News, The New World Report has a dedicated website which is updated daily with content and each month a newsletter is circulated to more than 100,000 businesses and professionals from across the region.

New World Report is brought to you by AI Global Media. AI Global Media is a digital media group launched in 2010 with 12 brands in its portfolio. The group has in excess of 600,000 pageviews across its brand websites per month (*accurate as of June 2020) and circulates newsletters and special edition magazines to more than 1.6m recipients across various walks of life.

About AI Global Media

Since 2010 AI Global Media (https://www.aiglobalmedialtd.com/) has been committed to creating engaging B2B content that informs our readers and allows them to market their business to a global audience. We create content for and about firms across a range of industries.

Today, we have 12 unique brands, each of which serves a specific industry or region. Each brand covers the latest news in its sector and publishes a digital magazine and newsletter which is read by a global audience. Our flagship brand, Acquisition International, distributes a monthly digital magazine to a global circulation of 108,000, who are treated to a range of features and news pieces on the latest developments in the global corporate market.

 

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Five Year-end Tax Tips to Help Family Businesses Prepare and Protect Their Succession of Wealth

Tax Planning

Embracing year-end tax planning can help unlock hidden capital

Canadian business owners face unique challenges as they balance their ambitions for growth with efforts to build their family legacy. With the economy as active as it’s ever been, EY Canada’s year-end tax tips for family business owners outlines how they can prepare and ask the right questions now to secure their legacy for generations to come.

“Whether business owners are charting an exit in 2022, or at the very early stages of succession planning, now’s the time to give some thought to end-of-year tax planning,” says Liam Bordeleau, EY Canada Associate Partner, Tax. “Private capital currently represents a greater share of the market than private equity and venture capital combined, and increasing globalization is fueling the growth of family enterprises everywhere. This unique environment represents a wealth of possibilities for family businesses or family offices looking to build out strategies for the next twelve months.”

EY suggests Canadian family business owners should consider these five questions to help identify the right tax planning opportunities heading into 2022:

  1. Are you approaching philanthropy strategically?
    While managing philanthropic efforts and community engagement is an increasingly important function for any family business, personal and corporate donations can also generate tax savings. Depending on the situation, corporate donations, private foundations or a donor-advised fund with a public foundation may maximize results. 

  2.  Do you understand how Bill C-208 could affect your succession plans?
    Bill C-208 now contains amendments to provide exceptions to the application of the capital gains stripping and anti-surplus stripping rules. Those apply in the context of qualified small business corporation shares and shares of the capital stock of a family farm or fishing corporation, to facilitate their transfer to family members. Read more in the Tax Alert 2021 No.25, 12 July 2021.

  3. Are you managing family wealth effectively across borders? 
    As transparency and reporting requirements evolve across different jurisdictions, planning ahead and understanding the options available are essential for any owner or beneficiary who makes their home abroad. Reviewing asset-holding structures and assessing how changing rules might impact family members living or working in other jurisdictions can mitigate risks and minimize reporting responsibilities.

  4. Have you prepared for potential trust filing disclosures in Canada? 
    Trusts not required to file a T3 return will now have an annual filing requirement, including the disclosure of the identity of the settlors, trustees, beneficiaries, or others who control how a trust’s income or capital is allocated. Only limited exceptions will apply, so it’s wise to get ahead of the change, and put a plan in place now.

  5. Have you gone the family office route yet?
    A family office can be an effective way to manage and invest wealth. Doing so can help you become more strategic about long-term planning, while exploring opportunities like real estate transactions in different ways. Some family offices have chosen to team up with others to pursue this strategy together, offering attractive synergies in infrastructure, deal sourcing and idea sharing but can create governance issues with investment selection and ongoing management. Review our Family Office Guide to see if this is the right strategy for your family’s net worth. 

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Canadian Entrepreneurs’ Confidence in the Economy Brings a Positive Investment Outlook for 2022

Entrepreneurship
  • 84% of businesses are planning to maintain investments or invest more in the next 12 months
  • 74% of businesses expect Canadian economic conditions will improve or remain the same
  • 83% of businesses expect their sales will increase or remain the same, with accommodations and food services businesses the most optimistic.
  • 55% of businesses are experiencing difficulties hiring qualified workers.


Canadian entrepreneurs’ confidence in the economy is strong and their investment intentions are above pre-crisis levels, according to BDC’s Canadian Entrepreneurs’ 2022 Investment Outlook.

The annual survey of investment intentions finds that the percentage of entrepreneurs who expect their sales to improve or remain stable has steadily increased since April 2020, returning to pre-pandemic levels due to the reopening of the economy. The Canadian economy is expected to return to pre-pandemic levels in early 2022.

About 84% of businesses are planning to either maintain their current level of investment (64%) or to invest more (20%) in the next 12 months. This has increased by 1 percentage point since spring 2021 and by 8 percentage points since December 2020, the study noted.

“The results indicate that entrepreneurs’ confidence in the economy is strong and that investment intentions are above their pre-crisis level, with one out of five SMEs planning to increase their investments in 2022,” says Pierre Cléroux, Vice President, Research and Chief Economist, BDC.

“Fear of new lockdowns is slowly fading, thanks to vaccination, and businesses are optimistic for 2022. However, a persisting labour shortage, as well as supply chain disruptions linked to the reopening have emerged and will limit investments,” he adds. “Our study finds that for the first time since March 2020, labour shortages are starting to hold back investments for a growing number of businesses, even though cash flow and demand have improved”.  

The study finds that over half of entrepreneurs surveyed (55%) already had difficulties in hiring qualified workers, the highest proportion since BDC started its surveys in 2019. As a result, entrepreneurs are mainly investing to improve efficiency. Businesses most affected by lockdowns, such as those in accommodation and food services, tend to be investing the most in new types of offerings to attract clients. Businesses facing high demand, such as those in the manufacturing sector, are investing mostly to improve efficiency.

Investment intentions are at an all-time high in the Atlantic provinces and in British Columbia, where 92% and 90% of businesses, respectively, plan to maintain or increase their investment level in 2022. This is an all-time high since July 2019, when BDC first started its investment intention surveys. Investment intentions remain lower in the Prairies, but they are above pre-crisis levels as high global demand for energy pushes up oil prices. These high prices will help spur investments in 2022, but uncertainty remains high for the energy sector in the long term.

BDC conducted the survey in the fall of 2021 among 1,000 business owners of small and medium-sized enterprises (SMEs) in Canada. The objective was to gauge their level of confidence in the economy, their business outlook, as well as their investment plans for the next 12 months.

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Latin America and the Caribbean: Time for Reforms to Address Long-Standing Challenges, Says New Report

Reforms

The Development Centre of the OECD, ECLAC, CAF and the European Commission launch today their joint report Latin American Economic Outlook (LEO) 2021.

Latin American and the Caribbean (LAC) is the region most affected by the COVID-19 pandemic, and at risk of seeing the socio-economic gains of recent decades being reversed. Recovery strategies must comprise well-sequenced reforms that promote universal social protection systems, accelerate the formalisation of economies, improve fiscal progressivity, and deepen regional integration, says the Latin American Economic Outlook (LEO) 2021: Working Together for a Better Recovery.

According to this 14th edition of the report, LAC experienced a historical economic downturn in 2020. The region’s gross domestic product (GDP) contracted by around 7.0%. Despite a rebound of around 6.0% in 2021, its GDP per capita is not expected to return to pre‑crisis levels before 2023‑24. The impact of the crisis has been asymmetric, particularly affecting the most vulnerable groups. As a result, poverty and extreme poverty levels are at their highest in 20 and 12 years, respectively.

While the report recognises the considerable efforts made to protect most vulnerable, including women, the youth and elderly during the pandemic, it also stresses that close to 40% of workers had no social protection when LAC countries entered the crisis. This is largely because, on average, more than 50% of workers in the region work informally. Advancing towards universal social protection systems is fundamental to protect those most in need in the post-pandemic context.

According to LEO, a robust and inclusive recovery requires more productive integration in strategic sectors including the automotive, pharmaceutical and renewable energy sectors, the circular economy and sustainable agriculture. It also demands an urgent holistic fiscal response: greater progressivity of the taxation system, higher tax compliance, stronger tax administration, and eliminating inefficient tax expenditures. Reducing tax evasion and avoidance or eliminating some tax expenditures that represent close to 4% of GDP could increase revenues and equity without compromising the economic recovery.

LEO 2021 highlights that only 38% of citizens trusted their governments in 2020, down from 45% in 2010. Social discontent remains a key concern, as seen in the protests in some countries of the region. Moreover, satisfaction with public services, including education and health, markedly decreased during the pandemic. For education, it decreased from 66% in 2019 to 53% in 2020. As a response, the report explores policy actions to rethink the social contract in the region, suggesting four principles to guide a process of consensus building: conciliate, contextualise, compensate, and communicate.

The publication also stresses the role of international cooperation in facilitating the emergence of such new development models and a new social contract in the region. National responses to both the sanitary and socio economic consequences of the crisis need to be accompanied by renewed partnerships for the recovery that place sustainability, resilience and well-being at their core. The design of debt treatment paying attention to each country’s characteristics, in particular the challenges faced by Small Island Developing States of the Caribbean countries, is essential for a successful recovery.

The LEO is jointly produced by the Development Centre of the Organisation for Economic Co-operation and Development (OECD), the United Nations Economic Commission for Latin America and the Caribbean (UN-ECLAC), CAF’s Development Bank of Latin America and the European Commission.

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