Latest news with #MikeJacobs
Business Wire
10 hours ago
- Business
- Business Wire
Weber Summit ® Smart Gas Grill Earns Prestigious Red Dot Product Design Honor for Its Breakthrough Gas Grilling Experience
PALATINE, Ill.--(BUSINESS WIRE)--Weber LLC, a global leader in outdoor cooking innovation, technology, and products, announced today that its premium Summit ® Smart FS38X gas grill received a prestigious Red Dot award in the Red Dot Award: Product Design 2025 competition for its breakthrough precision grilling and culinary experience. The Summit Smart gas grill, the most technologically advanced, versatile, and premium offering in Weber's product portfolio, is available on and from select retailers in the U.S. and EMEA. 'We're honored to receive the prestigious Red Dot Award, a global recognition of excellence in product design,' said Mike Jacobs, President of Weber. 'The Summit Smart gas grill represents a bold step forward in gas grilling, where premium craftsmanship, precision engineering, and cutting-edge smart technology come together seamlessly. After thousands of hours of research, development, and testing, our team created a grill with a striking, modern design and intuitive software that gives users unmatched control and confidence every time they cook outdoors. It's unlike anything that's come before it, and we're proud to see it transforming backyards, patios, gardens, and terraces into elevated, high-tech culinary destinations.' The Red Dot Design Award, established in 1955, is one of the world's largest and most prestigious design competitions, receiving submissions from more than 60 countries. ABOUT THE SUMMIT SMART FS38X GAS GRILL At the heart of the Summit Smart FS38X gas grill is SmartControl™ technology—the Company's proprietary digital platform that empowers users to preheat, cook, monitor, control individual burners, and shut down the grill. Traditional knobs are replaced by smart burner control buttons and a weatherproof, high-definition LED touchscreen, or users can operate the grill remotely through the Weber Connect ® 2.0 App. Using the touchscreen or via the Weber Connect 2.0 App, grill owners can: Set, adjust, and maintain precise temperatures, Choose direct, indirect, or manual grilling modes with on-screen guidance, Monitor preheating progress and see where to place food on the cooking grate, Track fuel levels, Receive alerts when food is perfectly cooked and rested, and Power down. This breakthrough grilling experience is driven by an integrated electronic gas valve system that continuously monitors flame presence across each main burner and the grill's top-down infrared (IR) broiler. Like a finely tuned orchestra, it dynamically adjusts gas flow through independently controlled valves to deliver consistent, even heat and precise temperature control. This flame-sensing technology also adds a sophisticated layer of safety, automatically re-igniting burners or safely shutting off gas if ignition fails. The Summit Smart FS38X gas grill also takes cooking creativity and versatility to a new level. It offers a first-in-class top-down IR broiler to rapidly sear and caramelize dishes for that often elusive, sizzling chophouse crust and rich flavor. When paired with nearly 1,000 recipes and guided programs in the Weber Connect 2.0 App, this grill makes outdoor cooking more intuitive, creative, and stress-free. Additionally, this ultra-premium grill comes equipped with supersized Flavorizer ® bars, a spacious cooking area, reliable electronic ignition, and a powerful PureBlu™ burner system. Elements such as extra-large prep and serve side tables, a side burner, and Nightvision ® motion-sensing lid-integrated LED lights that illuminate the entire grilling surface—from the side table to the grates—save time and make cooking delicious meals easy. Summit Smart gas grills come in stainless steel or porcelain enamel and feature high-end design and culinary touches, including a tuck-away rotisserie motor, soft-close cabinet doors, and a stainless steel smoker box. These grills come ready to use with the Weber Crafted ® Outdoor Kitchen Collection, a variety of grillware accessories, including an air crisping basket, pizza stone, wok, griddle, and more. A 15-year limited warranty supports each liquid propane and natural gas Summit Smart FS38X gas grill, and owners have access to the Weber Grilling Concierge, a specialized helpline staffed by in-house barbecue experts. Summit Smart gas grills start at $5,199 and are available from select retailer partners and on ABOUT RED DOT DESIGN AWARDS The Red Dot Award: Product Design is one of the most prestigious design competitions worldwide. Since 1955, it has recognized products that stand out for their exceptionally high design quality. The independent Red Dot Jury assesses all entries based on four key principles of good design: the quality of function, the quality of seduction, the quality of use, and the quality of responsibility. In 2025, the jury consists of 43 experts from 21 countries, including designers, professors, journalists and consultants from various disciplines. Entries were submitted from over 60 countries and were carefully reviewed and discussed by the jurors. ABOUT WEBER LLC Weber LLC, headquartered in Palatine, IL, is an iconic global barbecue brand. The Company's founder George Stephen, Sr., established the outdoor cooking category when he invented the original kettle charcoal grill more than 70 years ago. Weber offers a comprehensive, innovative product portfolio, including charcoal, gas, smokers, and accessories, designed to bring people together to create amazing memories and delicious food. Weber offers its products, services and experiences to a passionate community of millions across 70 countries. WEBER, the kettle silhouette, the kettle configuration, SUMMIT, WEBER CONNECT, SmartControl, PUREBLU, FLAVORIZER, NIGHTVISION, and WEBER CRAFTED are all trademarks owned by Weber-Stephen Products LLC.
Reuters
21-05-2025
- Sport
- Reuters
Nashville SC sign veteran D Tate Schmitt
May 21 - Nashville SC announced the signing of free agent defender Tate Schmitt on Wednesday. The 27-year-old veteran is under contract for the rest of the 2025 season with an option for 2026. Schmitt has three goals in 45 matches with Real Salt Lake (2019-22) and the Houston Dynamo (2023-24). "Tate is an experienced left back that has the attributes we look for in a player in that role both offensively and defensively," general manager Mike Jacobs said. "We are excited to be able to add him to our group." Schmitt is expected to back up starting left back Daniel Lovitz. --Field Level Media
Yahoo
12-05-2025
- Business
- Yahoo
London Bankers Scour Market for IPO Reboot After Shein Stalls
(Bloomberg) -- London bankers and investors are pinning their hopes on a handful of candidates to get initial public offering activity off the ground after the much-anticipated listing of Shein hit a pause. A New Central Park Amenity, Tailored to Its East Harlem Neighbors As Trump Reshapes Housing Policy, Renters Face Rollback of Rights Is Trump's Plan to Reopen the Notorious Alcatraz Prison Realistic? What's Behind the Rise in Serious Injuries on New York City's Streets? NYC Warns of 17% Drop in Foreign Tourists Due to Trump Policies A blockbuster IPO by Shein, planned for this year and at one point eyeing a valuation of as much as £50 billion ($67 billion), was often touted as the catalyst that London needed to reignite IPO activity. Instead, the Chinese-founded fashion retailer got caught up in the US tariff war. Progress on the deal has slowed to a crawl as Shein assesses the impact of the trade restrictions on its business, Bloomberg News has reported. UK equity capital markets have endured a torrid stretch, with a dearth of IPOs in recent years exacerbated by a number of high-profile listings moving overseas. Fundraising from London IPOs fell below $1 billion in 2024 — only the second time since the financial crisis that volume dipped so low, data compiled by Bloomberg show. 'At the start of the year, there was real optimism for a cyclical rebound in IPOs,' said Mike Jacobs, a partner specializing in capital markets at law firm Herbert Smith Freehills. 'But macro and market volatility — particularly sectors exposed to tariffs — has reasserted itself with a vengeance.' Still, a list of deals penciled in for the coming quarters may offer a measure of spark that the market has been waiting for. And while the chilling effects of the ongoing tariff war continue to weigh on IPOs in Europe and the US, bankers say a number of firms are looking to go public as soon as calm returns. 'Most IPO timetables have now shifted,' said Brian Hanratty, head of ECM at British investment bank Peel Hunt Ltd. 'There are three to five notable London IPOs lined up for the coming quarters.' One company that is considering braving the volatility is iFOREX Financial Trading Holdings Ltd. The trading platform with $50 million in revenues announced plans for a potential listing on the London Stock Exchange on Friday. Other companies that are considering a London listing this year include payments firm Ebury, backed by Banco Santander SA, as well as private equity-owned consumer credit provider NewDay and Greece's Metlen Energy & Metals SA, Bloomberg has reported. Uzbek gold miner Navoi Mining & Metallurgical Co. has also been stepping up preparations for an eventual stock market debut, while Hong Kong-based EcoCeres Inc. has been considering London as a potential venue for a listing next year, people familiar have said. To be sure, private equity owners could consider alternatives to offload holdings. For instance, NewDay's owners CVC Capital Partners Plc and Cinven have been fielding interest from potential buyers for the whole or part of the business, Bloomberg reported last month. Investors are also still nursing heavy losses from the last wave of UK listings, underscored by Deliveroo Plc announcing a buyout by DoorDash Inc. this week for less than half the £7.6 billion valuation the London-based food delivery platform reached in its IPO about four years ago. 'The poor 2021 IPO vintage is undoubtedly still fresh in investors minds,' said Jamie Constable, market strategist at London-based Singer Capital Markets. However, 'we do not see this as driving an investors' 'buying strike.' Investors are keen for new blood.' To encourage more offerings, UK authorities are implementing the biggest revamp to listing rules in decades, with measures to relax voting rules and share structures already in place. They're also exploring ways to unlock investment from retirement savings, for example by consolidating government pension funds. Even so, more can be done to facilitate access to capital, including bolstering retail investment as well as government support for emerging companies, according to Caroline Escott, senior investment manager at pension fund Railpen, which oversees more than £34 billion in savings. Scrapping stamp-duty on shares and supporting the London Stock Exchange's junior bourse for early-stage companies, AIM, are also key to revitalize the market, said Jason Paltrowitz, a director at trading platform OTC Markets. 'London therefore needs to double down on supporting AIM to build the venture-stage companies of tomorrow, rather than focusing on attracting perceived 'headliners' to its markets,' he said. US Border Towns Are Being Ravaged by Canada's Furious Boycott How the Lizard King Built a Reptile Empire Selling $50,000 Geckos Maybe AI Slop Is Killing the Internet, After All With the New York Liberty, Clara Wu Tsai Aims for the First $1 Billion Women's Sports Franchise Pre-Tariff Car Buying Frenzy Leaves Americans With a Big Debt Problem ©2025 Bloomberg L.P.
Yahoo
12-05-2025
- Business
- Yahoo
London Bankers Scour Market for IPO Reboot After Shein Stalls
(Bloomberg) -- London bankers and investors are pinning their hopes on a handful of candidates to get initial public offering activity off the ground after the much-anticipated listing of Shein hit a pause. A New Central Park Amenity, Tailored to Its East Harlem Neighbors As Trump Reshapes Housing Policy, Renters Face Rollback of Rights Is Trump's Plan to Reopen the Notorious Alcatraz Prison Realistic? What's Behind the Rise in Serious Injuries on New York City's Streets? NYC Warns of 17% Drop in Foreign Tourists Due to Trump Policies A blockbuster IPO by Shein, planned for this year and at one point eyeing a valuation of as much as £50 billion ($67 billion), was often touted as the catalyst that London needed to reignite IPO activity. Instead, the Chinese-founded fashion retailer got caught up in the US tariff war. Progress on the deal has slowed to a crawl as Shein assesses the impact of the trade restrictions on its business, Bloomberg News has reported. UK equity capital markets have endured a torrid stretch, with a dearth of IPOs in recent years exacerbated by a number of high-profile listings moving overseas. Fundraising from London IPOs fell below $1 billion in 2024 — only the second time since the financial crisis that volume dipped so low, data compiled by Bloomberg show. 'At the start of the year, there was real optimism for a cyclical rebound in IPOs,' said Mike Jacobs, a partner specializing in capital markets at law firm Herbert Smith Freehills. 'But macro and market volatility — particularly sectors exposed to tariffs — has reasserted itself with a vengeance.' Still, a list of deals penciled in for the coming quarters may offer a measure of spark that the market has been waiting for. And while the chilling effects of the ongoing tariff war continue to weigh on IPOs in Europe and the US, bankers say a number of firms are looking to go public as soon as calm returns. 'Most IPO timetables have now shifted,' said Brian Hanratty, head of ECM at British investment bank Peel Hunt Ltd. 'There are three to five notable London IPOs lined up for the coming quarters.' One company that is considering braving the volatility is iFOREX Financial Trading Holdings Ltd. The trading platform with $50 million in revenues announced plans for a potential listing on the London Stock Exchange on Friday. Other companies that are considering a London listing this year include payments firm Ebury, backed by Banco Santander SA, as well as private equity-owned consumer credit provider NewDay and Greece's Metlen Energy & Metals SA, Bloomberg has reported. Uzbek gold miner Navoi Mining & Metallurgical Co. has also been stepping up preparations for an eventual stock market debut, while Hong Kong-based EcoCeres Inc. has been considering London as a potential venue for a listing next year, people familiar have said. To be sure, private equity owners could consider alternatives to offload holdings. For instance, NewDay's owners CVC Capital Partners Plc and Cinven have been fielding interest from potential buyers for the whole or part of the business, Bloomberg reported last month. Investors are also still nursing heavy losses from the last wave of UK listings, underscored by Deliveroo Plc announcing a buyout by DoorDash Inc. this week for less than half the £7.6 billion valuation the London-based food delivery platform reached in its IPO about four years ago. 'The poor 2021 IPO vintage is undoubtedly still fresh in investors minds,' said Jamie Constable, market strategist at London-based Singer Capital Markets. However, 'we do not see this as driving an investors' 'buying strike.' Investors are keen for new blood.' To encourage more offerings, UK authorities are implementing the biggest revamp to listing rules in decades, with measures to relax voting rules and share structures already in place. They're also exploring ways to unlock investment from retirement savings, for example by consolidating government pension funds. Even so, more can be done to facilitate access to capital, including bolstering retail investment as well as government support for emerging companies, according to Caroline Escott, senior investment manager at pension fund Railpen, which oversees more than £34 billion in savings. Scrapping stamp-duty on shares and supporting the London Stock Exchange's junior bourse for early-stage companies, AIM, are also key to revitalize the market, said Jason Paltrowitz, a director at trading platform OTC Markets. 'London therefore needs to double down on supporting AIM to build the venture-stage companies of tomorrow, rather than focusing on attracting perceived 'headliners' to its markets,' he said. US Border Towns Are Being Ravaged by Canada's Furious Boycott How the Lizard King Built a Reptile Empire Selling $50,000 Geckos Maybe AI Slop Is Killing the Internet, After All With the New York Liberty, Clara Wu Tsai Aims for the First $1 Billion Women's Sports Franchise Pre-Tariff Car Buying Frenzy Leaves Americans With a Big Debt Problem ©2025 Bloomberg L.P.
Business Times
11-05-2025
- Business
- Business Times
London bankers scour market for IPO reboot after Shein stalls
[LONDON] London bankers and investors are pinning their hopes on a handful of candidates to get initial public offering (IPO) activity off the ground after the much-anticipated listing of Shein hit a pause. A blockbuster IPO by Shein, planned for this year and at one point eyeing a valuation of as much as £50 billion (S$86.3 billion), was often touted as the catalyst that London needed to reignite IPO activity. Instead, the Chinese-founded fashion retailer got caught up in the US tariff war. Progress on the deal has slowed to a crawl as Shein assesses the impact of the trade restrictions on its business, Bloomberg News has reported. UK equity capital markets have endured a torrid stretch, with a dearth of IPOs in recent years exacerbated by a number of high-profile listings moving overseas. Fundraising from London IPOs fell below US$1 billion in 2024 – only the second time since the financial crisis that volume dipped so low, data compiled by Bloomberg showed. 'At the start of the year, there was real optimism for a cyclical rebound in IPOs,' said Mike Jacobs, a partner specialising in capital markets at law firm Herbert Smith Freehills. 'But macro and market volatility – particularly sectors exposed to tariffs – has reasserted itself with a vengeance.' Still, a list of deals penciled in for the coming quarters may offer a measure of spark that the market has been waiting for. And while the chilling effects of the ongoing tariff war continue to weigh on IPOs in Europe and the US, bankers say a number of firms are looking to go public as soon as calm returns. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'Most IPO timetables have now shifted,' said Brian Hanratty, head of ECM at British investment bank Peel Hunt. 'There are three to five notable London IPOs lined up for the coming quarters.' One company that is considering braving the volatility is iForex Financial Trading Holdings. The trading platform with US$50 million in revenues announced plans for a potential listing on the London Stock Exchange on Friday. Other companies that are considering a London listing this year include payments firm Ebury, backed by Banco Santander, as well as private equity-owned consumer credit provider NewDay and Greece's Metlen Energy & Metals, Bloomberg has reported. Uzbek gold miner Navoi Mining & Metallurgical has also been stepping up preparations for an eventual stock market debut, while Hong Kong-based EcoCeres has been considering London as a potential venue for a listing next year, people familiar have said. To be sure, private equity owners could consider alternatives to offload holdings. For instance, NewDay's owners CVC Capital Partners and Cinven have been fielding interest from potential buyers for the whole or part of the business, Bloomberg reported last month. Investors are also still nursing heavy losses from the last wave of UK listings, underscored by Deliveroo announcing a buyout by DoorDash this week for less than half the £7.6 billion valuation the London-based food delivery platform reached in its IPO about four years ago. 'The poor 2021 IPO vintage is undoubtedly still fresh in investors minds,' said Jamie Constable, market strategist at London-based Singer Capital Markets. However, 'we do not see this as driving an investors' 'buying strike.' Investors are keen for new blood'. To encourage more offerings, UK authorities are implementing the biggest revamp to listing rules in decades, with measures to relax voting rules and share structures already in place. They're also exploring ways to unlock investment from retirement savings, for example by consolidating government pension funds. Even so, more can be done to facilitate access to capital, including bolstering retail investment as well as government support for emerging companies, according to Caroline Escott, senior investment manager at pension fund Railpen, which oversees more than £34 billion in savings. Scrapping stamp-duty on shares and supporting the London Stock Exchange's junior bourse for early-stage companies, AIM, are also key to revitalise the market, said Jason Paltrowitz, a director at trading platform OTC Markets. 'London therefore needs to double down on supporting AIM to build the venture-stage companies of tomorrow, rather than focusing on attracting perceived 'headliners' to its markets,' he said.
