Revieve’s AI solution to power Shiseido’s new personalized consumer service
Key Signals in Retail and Consumer Goods
Centre setup and Expansion Nestle opens USD 90 Mn pet food plant in Blayney The expanded facilities will allow Nestle to scale up production of single-serve wet cat food by over 120 percent and the dry cat and dog food we already produce. Read More>> New Burberry concept, Breitling, among stores opening soon at NorthPark Center Dallas’ NorthPark Center continues to attract emerging brands that bypass the malls in other cities. The nine new stores opening soon are Dallas-Fort Worth or Texas exclusives for the mall. Read More>> The Fresh Market unveils a new store in Palm Beach Gardens The Fresh Market’s new store in Palm Beach Gardens, Fla., brings the retailer’s total to 47 locations in the state, and 160 overall in 22 states. A grand opening celebration featuring a ‘bread breaking’ ceremony, vendor sampling, specialty presentations, giveaways, drawings, and more will be held on April 13. Read More>> Coupang completes the launch of its fulfillment center The fulfillment center is 330,000 square meters and has six floors, which Coupang claims is the biggest logistics center in Korea. Coupang plans to offer better quality next day delivery service, or Rocket Delivery, for customers in the Daegu and Gyeongsang area with a new logistics center. Read More>>Deals Access Intelligence signs contracts with Netflix and Nestle Since the beginning of the financial year, new clients have continued to join the company for its services. Reddit, Amazon, Aston Martin, and KPMG are among EMEA and North America who have signed up with Access Intelligence. Read More>>Partnerships New Balance and Ganni announce a collaboration for a sustainable shoe collection Under New Balance’s green leaf standards, the shoes are constructed with environmentally preferred materials. The latest collaboration is fashionable as well as affordable, with a price tag expected to be around USD 150. Read More>> H&M launches a design venture program with Ikea’s Ingka Group H&M has partnered with the Ingka Group, the largest Ikea franchisee, to launch a design venture for creatives, piloting in London. Those interested in taking part can apply for a place in the program between April 7 and 24. Read More>> HKScan forms venture with vegetables supplier Vihannes-Laitila The new venture will launch what HKScan described as fresh, ready-to-use and ready-to-cook vegetable products with higher added value. Read More>> Shiseido debuts AI makeup advisor in collaboration with Revieve The company has introduced artificial intelligence (AI) makeup advisor to its offering created by Revieve, a personalized digital tech company. Launching for customers in the EMEA region, the AI Makeup Advisor utilizes Revieves AI Selfie Analysis program that combines personalized recommendations with virtual try-on technology to provide users with advice on makeup. Read More>>Mergers and Acquisitions Sojitz Corporation acquires 25% equity in Axxela This transaction marked Sojitz’s first significant equity investment in Africa, indicating its growth ambitions on the continent and serving as a blueprint for future collaboration in Africa between Helios and Sojitz across various sectors. Read More>> Phoenix objects to Delek Israel – Shufersal merger Phoenix, which has a 9% stake in Shufersal, prefers to wait until a new CEO is appointed and all strategic alternatives are examined. Read More>> Campbell Transportation acquires E Squared Marine The acquisition is a significant expansion of Campbell’s tank barge operations, providing an operating and fleeting location in Houston, Texas. Read More>> Constellation Brands acquires Austin Cocktails The acquisition follows an investment in Austin Cocktails as part of Constellation Ventures Focus on Female Founders initiative. It reinforces the company’s commitment to support female leaders across the industry and meet evolving consumer preferences. Read More>> Tate & Lyle to acquire dietary fiber business in China for USD 237 Mn The acquisition is aligned with Tate & Lyle’s goal to become a growth-focused food and beverage solutions company while strengthening its position as a player in the rapidly expanding global dietary fiber market. Read More>>Executive Movement Lowe’s appoints Brandon Sink as CFO Sink joined Lowe’s in 2010 and has held various leadership roles in finance, strategy, and accounting. The company added that Brandon Sink, the senior vice president of retail finance, will succeed Denton, effective April 30. Read More>> Kroger appoints Erin Rolfes to lead corporate communications, media In her new role, she will serve as the company’s spokesperson and be responsible for enhancing and protecting Kroger’s corporate reputation and driving brand narrative across the Cincinnati-based retailer’s lines of business. Read More>> Molson Coors nominates Leroy J. Williams, Jr. as an Independent Director to join its Board of Directors Williams is a seasoned executive who founded and served as the CEO of CyberTekIQ, LLC, an information technology consulting firm. Prior to his career in telecommunications, he worked in the financial services industry for Norwest. Read More>> Mattel promotes Steve Totzke to President and Chief Commercial Officer Totzke s contributions to Mattel span nearly 25 years across several senior general management positions, including sales, marketing, and business operations. Read More>>
Latest Industry Insights from Draup Braindesk
Key Funding Alert
AmerisourceBergen launches USD 150 Mn venture capital fund
The company announced the establishment of AB Health Ventures, a dedicated corporate venture capital fund that will invest in and partner with emerging healthcare startup companies working to transform healthcare for people and animals globally. Read More>>
Startup Spotlight
Company – Cymbio Total Funding – USD 27 Mn About: Cymbio accelerates digital sales for brands with its end-to-end drop ship and marketplace automation platform. It unifies and connects data streams between brands and their retailers to capitalize on sales opportunities. Read More>>
Latest Reports Published in Draup
REI Co-op Account Intelligence Report: REI offers services like outdoor-oriented vacations & courses and provides sporting goods, camping gear, travel equipment, and clothing. It also focuses on improving customer experience and better traditional retail tactics to keep clients closer to the brand. Read More>>
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