Entrepreneurs come into the business scene every day, and many of them have ideas which are beautifully crafted and which have a face value probability of being market-breakers. However, many of these business ideas may take a very long time to bear any fruits, and many of these entrepreneurs end up giving up prematurely, or making the wrong decisions.
Meet, Prince Boamah Kuleape, who is most famously known as Kulaperry, the CEO of Kulaperry Outlook.
Kulaperry started the “Kulaperry Outlook” brand because he was sad and worried that the African continent didn’t really have any popular clothing brand available for its people. He says, “It always hurts seeing my people wear second hand clothes”. He says that prior to him starting this brand many wrote him off since clothing brands in Ghana in the past usually came up with a few T-Shirts, which lasts a few months and vanish into the thin air. Kulaperry boldly says, “Fear No Man is here to stay”, he continues, “Fear No Man is for me, you and the whole of Ghana and Africa. Fear No Man is bigger than Kulaperry”. The confidence alone of this young entrepreneur is one to admire.
The Kulaperry Brand has already made itself a brand name to reckon with in the Urban African fashion industry. Despite being a young company, with about five years under its belt, the milestones, which the brand has achieved, can only be envied. The company’s apparel includes T-Shirts, Shirts, Caps and Jackets amongst others. The brands presence in 29 different countries is unprecedented, and this is testament to the hard work that has gone into planning, setting up and marketing this amazing brand.
There are plans to extend to more countries in the near future. Its an incredible feat considering the fact that the “Fear No Man” brand which is the flagship brand of the company “Kulaperry Outlook” launched barely 2 years ago. Asked how he was able to reach all these countries in such a short span, he pauses for a second and says, “The internet. The Internet. Social Media” He explains that its incredible how powerful the Internet is in helping businesses and brands in todays world. He further explains that the Internet offers young entrepreneurs the opportunity to reach a much bigger audience and customer base. He urges other entrepreneurs to take advantage of the Internet and social media seriously and build a brand for themselves.
On working with artistes he explains that nothing beats an artiste’s brand than having a personal stylist that gives him a look that his fans recognize him by immediately. Putting on the same clothes others put on does not necessarily achieve this in the long run, and this is another reason why the Kulaperry brand is unique. Where most designers would go out to boutiques to find clothes for their clients, Kulaperry Outlook has the clothes clients need. He believes that fashion is more than just a statement, but an extension of who you are as a person.
It’s incredible the personalities who for the love of the brand wear the “Fear No Man” apparel and post it on social media for free. Some of these celebrities have millions of followers on social media. Most celebrities usually have to be paid before they promote a brand but fortunately for Kulaperry he doesn’t need to do all that.
Kulaperry says that, “They just do it for the love of the brand, they believe in my vision”. Celebrities such as Bet award winners (Sarkodie and Stonebwoy), Patoranking,Mr Eazi, Benard Sokpe (Mister Meister), TeePhlow etc. are constantly seen wearing the “Fear No Man” brand and flaunting it on their personal social media accounts. He spoke about Kelvin Mensah popularly know as “PJKev” an American born Ghanaian who owns a Luxury Private Jet Business and works with A-list American celebrities like French Montana, Justin Combs (Son of P. Diddy) and many others.
Kulaperry says that Kelvin who has all the luxury brands in the world at his disposal and access to all these American celebrities still chooses to wear the “Fear No Man” shirt and gives him credit on social media. A move he says saw an increase of almost 40% in sales in the US. Kulaperry has also collaborated with several widely acclaimed brands. His collections have been on display on fashion stages in different countries.
Quite recently Forbes valued Kyle Jenner’s makeup kit brand and one of the things that was interesting to note was how few her employees were. Kulaperry’s business empire employs just seven full-time workers, two photographers (Focusghphotophy, Imphotography & 9thwaverhyme) and four models. He has two business managers who handle the company’s local and international affairs and one international lawyer in charge of all legal affairs.
The “Fear No Man” brand in its almost 2 year span has sold almost 10,000 of the “Fear No Man” apparel. The least expensive product goes for $25 and the most expensive $500. “Fear No Man” has racked in earnings estimated to be $180,000 over the course of 2 years. We estimate the “Kulaperry Outlook” brands total value to be a little over $250,000 as of July this year. Kulaperry thus becomes the youngest CEO in fashion in Ghana to reach a quarter of a million in earnings. Its safe to call the Kulaperry brand a million-dollar brand. This is black excellence at its finest.
Recognition and awards mean a lot, as it helps boosts a brands reputation and is evidence of how much work has been put in. Kulaperry was recognized at the Young Achievers Summit Awards 2018, as the “Overall Entrepreneur of the year 2018”, and the “Fear No Man Clothing” collection was also recognized as the “Emerging Brand of the year 2018”. Add these to the “Revelation of the year (Fashion)” award he won at the Africa Youth Choice Awards, and we are discussing greatness.
Speaking to Kulaperry it’s easy to see why he has been able to achieve all of this. He is simply a young man with a dream and a vision. He is a focused young man who knows exactly what he wants and is willing to do whatever it takes to get it. He is one of the few Futuristic young people out there.
Asked about challenges he faces, Kulaperry explained that at this point the major challenge the brand faces is trying to meet demand. He says the brand is under a lot of pressure from customers all over the world. He says the company is however working hard to increase its production.
The young entrepreneur has succeeded where many have failed, and is still yet to reach half of his potential and target. Many have touted him to be the next Virgil Abloh. He is humbled by this comparison and maintains that he wants to be known as the one and only Kulaperry. Kulaperry Outlook is definitely going to be bigger, if this upstart and accolades are parameters to go by.
Plans are underway to launch a limited edition 24-karat gold thread and button denim jacket, which will be sold at $5,000 a piece in aid of charitable organizations and causes. Kulaperry says he sees the brand becoming a household name for Africans and having its own chain of fashion retail stores all over the globe such as Zara SA. He is one of the few futuristic entrepreneurs of this generation. It’s only a matter of time until he appears on the Forbes list.
This is the future of fashion and style made in Ghana for the world.
Kulaperry is rising fast, and like age, he is most unlikely to ever fall.
Summerhill Estates Appeal To Government For Construction Of ‘Ashaiman-Nanakrom Santoe’ Road
At a media engagement with Summershill Estates Limited to mark its first anniversary of delivering exquisite, luxurious and affordable apartments, the management appealed to Government to speed efforts at constructing the ‘Ashaiman-Nanakrom Santoe’ Road to ease the flow of people and goods on that stretch of the road network as part of Government’s promise to create an enabling business environment for the private sector to flourish.
They added that, the said road which was captured in the 2019 budget as delivered by Honorable Ken Offori-Atta the Finance Minister of the republic as part of the China Bauxite Sinohydro deal is in a bad state and has affected the smooth running of their business since its establishment a year ago.
This appeal was made by Management during a session with the media on Tuesday July 16, 2019 when a selected section of media were engaged in an interaction and a tour of the Summerhill Estate Facility as part of its One Year Anniversary celebration.
Summerhill Estates is a liability limited company which forms part of a subsidiaries of the Nananom Group of Companies headquartered in Toronto-Canada some thirteen (13) years ago. Summerhill Estates seeks to complement Government’s efforts at bridging the yawning housing deficit in the country by providing very luxurious and yet affordable housing for all and sundry. It boasts of a 54 plush apartment facility with fully furnished and fitted kitchens for short and long stays without having to make lump sum initial deposits.
The business concept is said to have been premised on the Group CEO and Chairman’s (Dr. George Obeng) quest to make home so available to all levels of the society.
Check out photos of Summerhill Estate Ltd located at East Legon Hills on the ‘Ashaiman-Nanakrom Santoe’ Road.
KPMG Plots Sale Of Pensions Arm.
Big Four auditor, Klynveld Peat Marwick Goerdeler (KPMG) is exploring a sale of its British pensions advisory business.
The division – which is one of the largest working in this sector in the UK with £50billion of assets under advice – counsels pension funds and other major investors about where they should put their money. It has approximately 450 staff.
City sources claim the pensions arm could command a price tag of around £120million.
The company did not say which groups had expressed interest in buying the business. A KPMG spokesman said: ‘We have made no firm decisions over any eventual outcomes at this stage.’
The sale comes at a time when Britain’s major beancounters are wrestling with reforms of the industry after a string of high-profile accounting blunders.
The structure of auditing firms has come under scrutiny, with MPs on parliament’s business committee calling for a full-break up of the Big Four firms KPMG, PwC, Deloitte and EY.
Former London Stock Exchange chairman Sir Donald Brydon is investigating the future of auditing in a review for the Government.
Scandal-hit KPMG signed off on outsourcer Carillion’s accounts before it went bust in January 2018. It has had to pay millions of pounds in penalties for errors in the audits of major companies such as Ted Baker and the Co-Operative Bank.
FOREIGN: Trump blasts Bitcoin, Facebook’s Libra.
WASHINGTON (Reuters) - U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank."
"I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air," Trump wrote on Twitter.
"If Facebook and other companies want to become a bank, they must seek a new Banking Charter and become subject to all Banking Regulations, just like other Banks, both National and International," he added.Facebook said last month it would launch its global cryptocurrency in 2020. Facebook and 28 partners, including Mastercard Inc , PayPal Holdings Inc and Uber Technologies Inc , would form the Libra Association to govern the new coin. No banks are currently part of the group. JPMorgan Chase & Co , the largest U.S. bank by assets, plans to launch its own digital coins.
Trump's comments come one day after Federal Reserve Chairman Jerome Powell told lawmakers that Facebook's plan to build a digital currency called Libra could not move forward unless it addressed concerns over privacy, money laundering, consumer protection and financial stability.
Powell said the Fed had established a working group to follow the project and was coordinating with other countries' central banks, several of which have also expressed concern about Facebook's digital currency project.
The U.S. Financial Stability Oversight Council, a panel of regulators that identifies risks to the financial system, is also expected to conduct a review.
Facebook, the White House and the Treasury Department did not immediately respond to requests for comment. A spokeswoman for the Federal Reserve declined to comment.Bitcoin , the best-known digital coin, was created in 2008 as an alternative to currencies controlled by governments and banks, but crypto trading and digital currencies remain largely unsupervised. The market has also faced allegations of money laundering and terrorist financing.
Trump's series of tweets on cryptocurrency also come on the heels of an event at the White House where the president criticized large technology companies that he said treated conservative voices unfairly.
The Internet Association, a trade group representing major tech firms like Facebook, Twitter and Google, said: "Internet companies are not biased against any political ideology, and conservative voices in particular have used social media to great effect."
“AFCFTA To Create Investment Hub For Ghana. – Ken Ofori-Atta
Mr. Ken Ofori-Atta, Minister for Finance, has said that Ghana’s hosting of the Secretariat of the African Continental Free Trade Agreement (AfCFTA) would create an opportunity for the country to become the trade facilitation and investment hub in Africa.
According to him, the Continental Free Trade Area, which would be the largest trading block in the world with a GDP of about US$3 trillion and 1.3 billion populations, would begin the economic emancipation of the people on the continent.
Mr. Ofori-Atta made the point in a contribution to a statement by Mr. Alan Kyerematen, Minister for Trade and Industry on the Floor of Parliament, in Accra, on the AfCFTA and Ghana’s selection to host the Secretariat.
The creation of a single continental market for Africa had long been the dream of the founding fathers of most of the major countries on the continent.
The Abuja Declaration of 1991 of the Authority of Heads of States of the Organisation of African Unity envisioned the establishment of an African Economic Community. One of the building blocks for the establishment of this community was the creation of a Continental Free Trade Area for Africa.
The realisation of the vision of a single market did not materialise until the AU Summit of Heads of States and Government in January 2012, which formally endorsed the decision to establish an African Continental Free Trade Area. Since that decision was adopted, extensive preparations and negotiation were carried out by member states, finally culminating in the historic AU Summit decision in Kigali on March 21, 2018, to formally conclude the first phase of negotiations for the Continental Free Trade Agreement.
Mr. Ofori-Atta also noted that since the days of Dr. Kwame Nkrumah and the work that he did for the OAU, now African Union (AU), the AfCFTA is the first AU organ of importance that is coming to be hosted by Ghana.
He commended the purposefulness and the unity in the approach to this by former Presidents of Ghana to make it happen, with thumbs up for President Nana Akufo-Addo for working hard to convince his colleagues’ Head of States to support Ghana’s bid.
Mr. Alan Kyerematen in briefing the House called on Ghana to leverage the opportunity to host the AfCFTA Secretariat to become the new commercial capital of Africa, a regional trade hub and economic epic-center as well as a new gateway to the continent.
He said the hosting of the Secretariat would promote Ghana as an attractive investment destination and actively facilitate foreign direct investments in the country.
He said the hosting of the Secretariat would provide opportunities to recruit many Ghanaian professionals and administrative staff to work in the Secretariat.
Mr. Clement Kofi Humado, MP for Anlo, noted that the AfCFTA was going to be a game-changer in the sense that the existing north-south trade relations where Africa trades more with Europe than among itself needed to change gradually towards trade among themselves.
He said AfCFTA would help to catalyze the already existing regional blocks and push them into action to fulfill their regional objectives.
He also lauded President Akufo-Addo, the Foreign Minister and the team for their lobbying skills to ensure that Ghana was selected to host the AfCFTA Secretariat in Accra.
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