model

Latest economic model spurs interest in new NASCAR teams

38 minutes ago

CHARLOTTE, N.C. — Justin Marks tried three times to buy the NASCAR equivalent of a franchise license that guarantees a car a spot in each week’s race. Twice he was outbid, he said, and a third deal fell apart.

Without that charter, Marks had almost no chance to get his team on track in 2021. He ultimately had to lease one from another organization to become the second new NASCAR owner to announce a team in the last month.

As NASCAR plans for the 2022 cost-cutting introduction of the “NextGen” new car, the demand for charters has soared. At least three have been sold since August — ownership records of each charter are not updated by NASCAR until the start of a new year — and the bidding

Read More Read more
model

NASCAR’s upcoming economic model spurs interest in new teams

title=

Bubba Wallace (43) drives in traffic during the YellaWood 500 NASCAR auto race at Talladega Superspeedway, Sunday, Oct. 4, 2020, in Talladega, Ala.

AP

Justin Marks tried three times to buy the NASCAR equivalent of a franchise license that guarantees a car a spot in each week’s race. Twice he was outbid, he said, and a third deal fell apart.

Without that charter, Marks had almost no chance to get his team on track in 2021. He ultimately had to lease one from another organization to become the second new NASCAR owner to announce a team in the last month.

As NASCAR plans for the 2022 cost-cutting introduction of the “NextGen” new car, the demand for charters has soared. At least three have been sold since August — ownership records of each charter are not updated by NASCAR until the start of a new year —

Read More Read more
model

NASCAR’s upcoming economic model spurs interest in new teams

CHARLOTTE, N.C. (AP) — Justin Marks tried three times to buy the NASCAR equivalent of a franchise license that guarantees a car a spot in each week’s race. Twice he was outbid, he said, and a third deal fell apart.

Without that charter, Marks had almost no chance to get his team on track in 2021. He ultimately had to lease one from another organization to become the second new NASCAR owner to announce a team in the last month.

As NASCAR plans for the 2022 cost-cutting introduction of the “NextGen” new car, the demand for charters has soared. At least three have been sold since August — ownership records of each charter are not updated by NASCAR until the start of a new year — and the bidding process has been frenzied.


“It was much more difficult for us than I anticipated it being,” Marks said this week after

Read More Read more
jewelry

COVID spurs 40% month-on-month growth for online jewelry brand Fenton

  • Online jewelry startup Fenton launched in February 2019 to offer a “build-your-own” digital engagement ring service using ethically-sourced gemstones.
  • The British firm says it has grown more than 40% month-on-month since lockdown in March and netted more revenue in its third quarter of 2020 than in the whole of 2019. 
  • In February 2020, Fenton raised a £1.9 million ($2.4 million) seed round from high-profile investors including Alex Chesterman, the founder property website Zoopla and used car marketplace Cazoo.
  • Visit Business Insider’s homepage for more stories.

Online jewelry startup Fenton launched in February 2019 to shake up the traditional market for engagement rings. 

Conventionally, engagement ring shoppers stick to bricks-and-mortar jewelers — but Fenton brings a digital-first approach that it says undercuts traditional retailers by around three times.

With shoppers either unwilling or unable to head to physical stores and try on rings, they are seeking out digital options.

Fenton also

Read More Read more