Burger King's CMO resigns

Hi and welcome to Insider Advertising for April 2. I’m senior advertising reporter Lauren Johnson, and here’s what’s going on:

  • Burger King’s CMO resigns.
  • Spotify’s aggressive podcast ambitions.
  • Harry’s new funding.

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Burger King

Burger King’s top marketer Fernando Machado just resigned

  • Fernando Machado, CMO of Burger King parent company Restaurant Brands International, has resigned, Patrick Coffee and Tanya Dua reported.
  • Machado said he has accepted a new job but declined to give details.
  • The former Unilever exec joined Burger King in 2014 and was promoted to lead RBI’s marketing in 2020.

Read the story.

Spotify’s new work-from-anywhere program will promote flexibility and diversity, executives told Insider.Jonathan Nackstrand/AFP/Getty Images

Spotify’s latest acquisition could make it a one-stop shop for podcast production, analysts say

  • Spotify announced this week it had acquired Locker Room, a live-audio app similar to Clubhouse, Paige Leskin reported.
  • Analysts said that it is the latest step by Spotify to create a full ecosystem for podcast production.
  • Spotify has invested hundreds of millions into podcasting since 2019 to diversify its revenue apart from music streaming.

Read the story.


Harry’s doubles down on growth with $155M in new funding, valuing the company at $1.7B one year after its deal with the maker of Schick fell through

  • Harry’s just raised $155 million in Series E funding, bringing its value to $1.7 billion, Alex Bitter reported.
  • The money could fund Harry’s expansion into new products and parts of the world.
  • It’s a change in strategy for Harry’s, which was on track to be acquired by Edgewell in 2020.

Read the story.

More stories we’re reading:

  • The ultimate guide to getting a job at YouTube, according to current employees and its global staffing director (Insider)
  • Ad agency Phenomenon, which worked with Pepsi and DC Entertainment, parts with its CEO and founder after 15 years (Insider)
  • Amazon has reportedly looked into opening its own discount stores for electronics and home goods (Insider)
  • Former Parler CEO John Matze launched a GoFundMe page to crowdfund his legal fees (Insider)
  • Meadowlark raises $12.6 million from Michael Lynton, DraftKings, others (Sportico)

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