TGIF shopping: Askov Finlayson opens flagship location

first_img The Best CBD Oil and Skincare Creams for Managing Pain Portion Control: The Best Meal Prep Containers on the Market 1. Askov Finlayson 2. Askov Finlayson 3. Askov Finlayson 4. Askov Finlayson 5. Askov Finlayson 6. Askov Finlayson 7. Askov Finlayson 8. Askov Finlayson 9. Askov Finlayson Editors’ Recommendations How to Shave With a Straight Razorcenter_img Men’s apparel brand Askov Finlayson is celebrating the opening of their new flagship location at their home base of Minneapolis, Minnesota.The new space–located adjacent to their current home–offers double the square footage, all the proof needed to showcase AF’s tremendous growth over the past four years. Alongside their expanded collection of products, they also offers an assortment of local, American, and global brands.RELATED: SHRINE CO’S BAGS ARE A PERFECT FIT FOR FOOTWEAR ENTHUSIASTS“It’s exciting to see the brand come to life as a physical environment,” says Eric Dayton, who co-founded AF with his brother, Andrew, in 2011. “Everything from the color of the millwork to the small brass detailing in the floor looks and feels like us. We’ll be creating a coffee and sandwich shop in the old space that will open this fall, and the courtyard will provide cafe seating during the day. And then we’re retrofitting an old Airstream trailer that will go into the back of the outdoor area next spring. In the evenings, the trailer’s hatch will pop open and the courtyard will transform into a beer garden. I love the blending of the indoor and outdoor spaces and it will be fun to see the way the café, beer garden, and store all interact together.”Additionally, the store will feature Warby Parker at Askov Finlayson (their first retail presence in Minnesota), a 250-square-foot showroom offering the brand’s full collection of frames.“I met the Warby Parker founders through a mutual friend when they were MBA students at Wharton and I was at Stanford Business School,” says Dayton. “We had talked about a Minneapolis partnership early on, but Askov Finlayson’s previous space was too small for any kind of shop-in-shop. [Warby Parker co-founder and co-CEO] Neil Blumenthal brought the idea back up about a year ago, just as we were considering expanding. The timing was perfect and Warby Parker fits beautifully into the new store.”In addition to the new store, AF also recently introduced shorts and swim trunks. “Manual readers will love the cadet/navy two-tone color combination; it’s my favorite. I’m also really excited about the new colors that Frost River did just for our store. They’ve become famous for making all their products in only one color: field tan. And so for the first time their great bags are available through us in navy blue, forest green, and a really nice medium grey.”Be sure to check out Askov Finlayson’s new flagship store at 204 North 1st Street in Minneapolis or shop online here. The Nomadic Beer Maestros of Evil Twin Brewing Find a Permanent Home in Queens How to Transition Your Wardrobe to Fall last_img read more

Saudi oil minister says market should handle low prices

Saudi Arabia’s Minister of Petroleum & Mineral Resources Ali Al-Naimi speaks at the annual IHS CERAWeek global energy conference Tuesday, Feb. 23, 2016, in Houston. (AP Photo/Pat Sullivan) Saudi oil minister says market should handle low prices by David Koenig, The Associated Press Posted Feb 23, 2016 9:35 am MDT Last Updated Feb 23, 2016 at 2:01 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email HOUSTON – Saudi Arabia’s oil minister said Tuesday that production cuts to boost oil prices won’t work, and that instead the market should be allowed to work even if that forces some operators out of business.Ali Al-Naimi said production cuts by big, low-cost producers like Saudi Arabia would amount to subsidizing higher-cost ones — an apparent reference to U.S. shale oil drillers.Booming U.S. production effectively ended oil trades at more than $100 per barrel that were taking place less than two years ago. A barrel of U.S. crude is now hovering around $30, a price at which many shale operators are assumed to be losing money.“The producers of these high-cost barrels must find a way to lower their costs, borrow cash or liquidate,” Naimi said. “It sounds harsh, and unfortunately it is, but it is the more efficient way to rebalance markets.”Naimi disputed a common view in the industry: that Saudi Arabia has kept pumping oil to protect its market share and undercut shale producers. “We have not declared war on shale or on production from any given country or company,” he said.Naimi spoke at a gathering of global energy leaders in Houston.The price of benchmark U.S. crude fell Tuesday by nearly 5 per cent to $31.81 a barrel. Brent crude, used to price oil internationally, dropped $1.36 to $33.31 a barrel in London.Just a day earlier, oil prices surged after the International Energy Agency predicted that oil supply and demand would balance next year because of a steep drop in new drilling, namely in the U.S. The group’s executive director, Fatih Birol, predicted that crude would more than double to $80 a barrel by 2020.Shale and other new sources attracted by years of high oil prices pushed the supply of oil much higher than global demand, leading to the sharp drop in crude prices since mid-2014.OPEC decided in late 2014 that it would not cut production to prop up prices, and Naimi echoed OPEC’s thinking. “Cutting low-cost production to subsidize higher-cost supplies only delays an inevitable reckoning,” he said.Analysts expect more U.S. shale operators will fail unless prices rise. Mark Papa, now an investment firm executive and the former CEO of EOG Resources, an early shale-gas producer, said the shale boom created many new companies. In the next year or so there will be “bodies all over the place — a lot of bankruptcies,” and drillers who survive will emerge weaker, he said.Others say that it might not take much of a rally in oil prices for shale drillers to thrive.Vance Scott, an Ernst & Young consultant to oil and gas companies, said shale operators are continuing to cut costs and can squeeze subcontractors more and improve efficiency with technological advances in drilling.“They could make a go at $40 and maybe even lower” depending on the field, Scott said. “They will innovate.”While Naimi rejected production cuts as politically unworkable, he endorsed a freeze on production at current levels if major oil-producing countries go along. The freeze idea, floated last week by Saudi Arabia, Russia, Venezuela and Qatar, would be a more gradual path to higher oil prices, but it faces uncertain prospects. Iran, just coming off international sanctions, wants to boost its production.“If a freeze even gets done it really does not accelerate the rebalancing of the global market, especially with Iran not participating,” said Dominick Chirichella, an analyst with the Energy Management Institute. Matching supply to demand would still linger “well into 2017,” he said.The 81-year-old Naimi, who joined Aramco, the old Arabian American Oil Co., as an office boy in 1947, said he had seen oil prices swing from $2 to $147 a barrel. The current price slump, which has led to layoffs across the U.S. oil industry, is just another of oil’s inevitable boom-and-bust cycles, he said.“It is going to end,” Naimi said. “When, I don’t know, but it will end.”?z?????????????????????????????????y read more