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Good morning, Broadsheet readers! Former President Trump pleaded fifth when he was hired to investigate NY AG Letitia James, the Japanese prime minister who replaced his female minister of birth with a male bank executive. And Away CEO Jen Rubio will move the travel brand beyond its weekend-travel roots.
– we go. With borders open this summer, travelers will be eager to return to their European vacations in triumph (never mind canceled flights and lost luggage). But other pandemic-era travel trends, such as local road trips or outdoor adventures, have caught on.
No matter what type of traveler you choose, Away is positioning itself to meet the needs of vacationers. The company, now synonymous with its hardshell luggage, launched a new line of duffel bags and backpacks this summer focused on outdoor adventure. The launch represents a long-planned shift away from the ubiquitous carry-on luggage among city travelers.
“We’ve always done a lot of travel stuff, but if you look at our portfolio, we’ve really only catered to city trips and weekend getaways,” says CEO Jane Rubio. “During the pandemic, we realized we weren’t serving that need as consumer behavior changed and people took outdoor, adventurous trips.
Courtesy of Away
Before the pandemic, the company was valued at more than $1 billion with more than $150 million in funding. In the year In 2020, founder and CEO Steph Corey resigned following allegations of a toxic work environment. Rubio, also a founder but focused on branding and marketing, was named CEO a year later. The company made layoffs during the outbreak and currently has about 250 key people.
Rubio and I spoke on Zoom last week, shortly after she returned from a trip to Italy. (“Just like everyone else this summer,” she joked.) This summer, when Rubio is in the middle of a group to pick up a transatlantic cruise, she wants to serve more customers.
Away started working on its new outdoor line, FAR, 18 months ago in June. One of the challenges for consumer businesses at this stage of the pandemic is knowing which trends are temporary and which are here to stay. It’s a bet that the increase in outdoor travel is a permanent consumer shift. The company says it has seen the FAR line increase customer lifetime value “significantly” since its launch, with an average of two to three purchases from a previous customer. The bags start at $275 and go up to $745, while the new outdoor bags start at $150. Rubio expects these outdoor travel products to eventually account for a quarter of the company.
Courtesy of Away
While overseas travel will increase in popularity from 2020, it remains a daunting prospect for some. “I was one of those people who was afraid to go into REI,” Rubio remembers after the outbreak moved to Colorado. The FAR line, she says, is accessible to hardcore travelers and novice travelers alike with its bright colors and activity-based advertising. The line has a larger share of male customers than Away’s flagship offerings.
FAR’s debut is Away’s first foray into a major new category – but not the last. Rubio envisions the company developing new products to cater to luxury travelers and wellness retreat attendees. “It’s really fun to branch out,” she says.
Emma Hinchliffe
emma.hinchliffe@fortune.com
@_emmahinchliffe
Broadsheet is the magazine of Fortune and the World’s Most Powerful Women. Today’s edition is written by Peggy McGlaughlin. Register here.
Also in the title
– plead the fifth. Former President Donald Trump arrived in New York on Wednesday for his long-awaited inauguration. The deposition is part of a civil investigation into the business by New York Attorney General Leticia James. Trump, who once asked why someone would invoke their Fifth Amendment rights if they are innocent, refused to answer questions from the AG, citing his Fifth Amendment right. His two children, Ivanka and Eric, recently answered the state’s questions on their own. CNN
– WFH Paradox. The paradox of women’s flexibility to work from home has created more domestic and child-rearing responsibilities. That’s for a number of reasons: pressures on traditional gender roles mean men are avoiding remote or hybrid roles that create flexibility, and a lack of childcare infrastructure is forcing women to cut hours or relinquish their energy. But the fight for gender equality has long focused on individual families and organizations, rather than on society, which has long been hostile to working mothers. Instead, corporations should look beyond their own workforce efforts and advocate for legislation that supports how we treat in-home care and labor. Bloomberg
– The last one standing. Liz Cheney is the last Republican to officially become Trump’s primary challenger. So far, only two of six pro-impeachment Republicans have won their primaries. Washington Representative Jaime Herrera Beuler Officially On Tuesday, she conceded defeat to Trump-backed Joe Kent. Cheney faces an uphill battle next Wednesday against attorney and former Republican National Committeewoman Harriet Hageman. Business Insider
– In her shoes. Japan’s prime minister has replaced his female minister in charge of tackling the country’s birth rate with a male former bank executive. Masanobu Ogura, who has no children, replaces Seiko Noda, a single mother who recently blamed the male-dominated political spectrum for Japan’s “indifference and ignorance” of birthdays. Ogura and two other lawmakers wore 16-pound fake bellies to understand the experience of carrying a child. Bloomberg
Movers and shakers: Appointed technology platform Envoy Global Sophie King As president of the global group and promoted. Tetiana Compton to the chief financial officer. Spotter has hired a former Collections Chief Marketing Officer. Galvea Kelly As the first CMO. Media critic and columnist Margaret Sullivan It is going The Washington Post to Duke University as the 2023 Pamela and Jack Egan Visiting Professor. Lively, the underwear brand owned by Wacoal, has appointed a marketing executive Christine DiCunzolo As CEO; Founder Michelle Cordeiro Grant He is relinquishing his role. Quickbooks senior vice president Rania Sukar He has been named the next CEO of MailChimp, replacing founder Ben Chester.
If you missed it
– Delayed justice. A grand jury in Mississippi declined to indict. In the year Carolyn Bryant Donham, the white woman who led to the arrest of 14-year-old Emmett Till in 1955. A warrant for Donham’s pending arrest warrant was issued after an unpublished note written by Donham was found in the courthouse. It was discovered by the Associated Press last month. Despite these revelations, the grand jury said there was insufficient evidence to charge Donham with kidnapping and murder. Guard
– Intimacy coordinators. Several actresses are talking about the importance of Intimacy Coordinators (IC). Game of Thrones Star Sean Bean says their presence “ruins the spontaneity” of intimate scenes. Beans Snow planes Coaster Lena Hill, West Side Story Stars Rachel Zegler and Amanda Seyfried share how IC’s presence helped them talk about scenes that made them uncomfortable. Difference
– Being green. Men have dominated for a long time energy sector, but a network of nonprofits and businesswomen’s groups are working to change that. The field is expected to grow rapidly in the next few years, and experts believe that women in particular can benefit from it.Jobs that support families.” Some organizations are piloting childcare programs and anti-harassment training for men to combat the industry’s abusive “male culture.” 19th*
On my radar
Becky G’s Liberation: Singin’ in Spanish, Crying in Jello DMs, and Mingling with Bad Bunny Difference
Rise of knotless braids New York Times
The money is in all the wrong places Destroyer
Meet the 27-year-old Latinx entrepreneur now worth $220 million Forbes
Division words
“I want the little girl in me and the little girls who look up to me to know that they are special and deserve to be princesses in every way. There’s no reason why they shouldn’t be. This comfort was just what I needed.
–Actress and singer Halle Bailey has opened up about the importance of being the second black Disney princess for her upcoming role. The Little Mermaid.
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