Thai business mogul and trans activist purchases Miss Universe Organization for $20 million

IMG has sold the Miss Universe Organization (MUO), which oversees the annual pageant, to the company of Thai transgender business mogul Anne Jakapong Jakrajutatip. It is the first time a woman has owned the organization in its 71-year-history.

Jakrajutatip’s Thailand-based media group, JKN Global Media Public Company Limited, purchased MUO for $20 million, according to The Associated Press.

The businesswoman, who is also a reality TV star in Thailand, said she is pleased to carry on the legacy of the Miss Universe Organization, calling it a “strong, strategic addition to our portfolio.”

“We are incredibly honored to be acquiring The Miss Universe Organization and working with its visionary leadership team,” Jakrajutatip said in a statement announcing the acquisition. “We seek not only to continue its legacy of providing a platform to passionate individuals from diverse backgrounds, cultures, and traditions, but also to evolve the brand for the next generation.”

Amy Emmerich and Paula Shugart, the MUO’s current CEO and president, will continue to hold those roles under the new management, the statement said.

Emmerich said both executives look forward to building upon the Miss Universe organization through this new purchase.

“Paula and I see a tremendous opportunity with JKN to create further growth for this organization on the global stage and women around the world,” Emmerich said in the statement. “Despite having recently celebrated the organization’s legacy of more than 70 years, we are just getting started.”

Both IMG and JKN Global Media have emphasized the importance of global partnerships,

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Zillow reportedly laying off 300 workers

Zillow reportedly cut approximately 300 workers this week.

“As part of our normal business process, we continuously evaluate and responsibly manage our resources as we create digital solutions to make it easier for people to move,” a Zillow spokesperson told FOX Business on Wednesday. “This week, [we’ve] made the difficult but necessary decision to eliminate a small number of roles and will shift those resources to key growth areas around our housing super-app.”


The online real estate firm is “still hiring in key technology-related roles across the company,” according to the spokesperson.

TechCrunch first reported the layoffs.

The online real estate company Zillow cut approximately 300 workers this week. (Tiffany Hagler-Geard/Bloomberg via Getty Images / Getty Images)

Included in the layoffs were some employees holding Zillow Home Loans and Zillow Closing Services back-end staff positions and Premier Agent sales roles, plus Zillow Offers advisers.


It remains unclear exactly what proportion of Zillow’s total staff were laid off as the company is expected to give its latest headcount numbers when it reports its third-quarter earnings next month. TechCrunch, using Zillow’s headcount from the second quarter, estimated about 5%.

The Zillow website is shown on a laptop screen on May 1, 2021. (Tiffany Hagler-Geard/Bloomberg via Getty Images / Getty Images)

The Zillow website is shown on a mobile

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How Businesses Can And Must Move Forward In A World Of Scarcity

The past two years of the COVID-19 pandemic have had significant impacts on the way we work and the flow of goods and services around the world. While businesses and the economy overall have responded well to dramatic and unforeseen disruption, fears of scarcity – from natural resources as a result of climate change, to ongoing supply chain issues and human capital concerns amidst the “Great Resignation” – are growing more and more pervasive.

For business leaders, the key to success in this “next normal” is operational resilience – building a responsive, agile, and purposeful organization in the face of existing challenges and those over the horizon. Here are three major changes impacting businesses now – and how to tackle them productively while mitigating major risks to business operations in the near term.

Connect with Employees – and Meet Their Shifting Needs

The relationship between employers and employees has changed – perhaps alternately. Many employees have reevaluated how they want to spend their time; in an already challenging and competitive talent market, businesses must respond to these shifting priorities. Whether they want to spend more time with family, are more conscious of mental health, or are increasing looking for a corporate purpose that aligns with their personal values, prospective and current employees have new and different needs.

The pandemic accelerated remote work, and many would prefer not to go back to the office, at least not full-time. Employees value the flexibility which hybrid work has enabled. For example, Deloitte’s

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