AB InBev to integrate AI-generated recommendations on its digital platform to improve sales

Key Signals in Retail and Consumer Goods

Layoff
Oracle has reportedly cut 3000 Jobs
The company has also paused all raises and promotions. It has made job cuts at the electronic healthcare records firm Cerner which it acquired for USD 28.4 billion in June last year. Layoffs affected workers across teams, including marketing, engineering, accounting, legal, and product. Read More>>

Mergers and Acquisitions
MGP Ingredients to acquire Penelope Bourbon
The acquisition includes all intellectual property and inventory of bottled products, as well as Penelope’s aging whiskey inventory on a debt-and-cash-free basis. The acquisition is expected to be financed using MGP’s existing revolving credit facility and cash on hand. Read More>>
Sophie acquires German tissue paper brand Hackle
The company has announced that it has finalized the acquisition of the Hakle trademark and other brands following clearance from the German Antitrust Authority. The transaction structure will allow Hakle GmbH to continue with paper production and paper processing under a new name at the Dsseldorf-Reisholz site. Read More>>

Deal
Tempur Sealy announces USD 4 Bn deal for mattress firm
The company has agreed to purchase troubled retailer Mattress Firm for an enterprise value of approximately USD 4 Bn. The company expects the transaction to close in the second half of 2024. The combination is expected to increase customer interaction, accelerate omnichannel growth, streamline operations, and enhance supply chain management capabilities. Read More>>

Centre Setup and Expansion
Amazon plans more warehouses and a higher headcount in Europe
The expansion is part of Amazon’s push to increase efficiency by cutting delivery distances and making the fulfillment center more automated. Read More>>
IKEA UK opens 452,000sq Ft distribution center in Dartford, Kent
As the popularity of online shopping continues to grow, the new multi-million-pound facility will enable faster, more sustainable home deliveries to IKEA customers in London and the southeast of England. Closer to the customers that it serves, the new Dartford distribution center will enable a significant reduction in CO2 emissions and is operated by 100% renewable energy. Read More>>

Partnership
Kempower strengthens partnership with Gilbarco Veeder-Root by signing new service partnership agreement
The increased collaboration will enable Gilbarco Veeder-Root to install and maintain Kempowers DC charging equipment in the Nordics and UK. The new agreement builds on the existing partnership between the two companies, with Kempower already providing its fast-charging solutions to Gilbarco Veeder-Root as part of its EVerse offering. Read More>>

Executive Movements
Zillow Group promotes Jeremy Hofmann to Chief Financial Officer
He succeeds Allen Parker, who will transition to an advisory role in the first quarter of 2024. Hofmann joined Zillow Group six years ago and most recently served as senior vice president of corporate development and strategy. Read More>>
eBay appoints stylist Amy Bannerman for new Director Role
The newly created role at eBay will see Bannerman style and source products for its fashion-related campaigns, style for key talent that work with eBay, lead on-site merchandising consultations, and become a fashion spokesperson for the brand. Read More>>
PepsiCo Europe names Archana Jagannathan as Chief Sustainability Officer
Jagannathan is also set to play a role in the transformation strategy PepsiCo Positive (pep+), which puts sustainability at the center of the business. Read More>>

Latest Industry Insights from Draup Braindesk

Key Funding Alert

Unilever’s USD 9.5 Mn investment to produce an Aussie-first
Unilever Australia invests USD 9.5 million in its Western Sydney facility, becoming the first Australian manufacturer of laundry capsules. The investment includes cutting-edge machinery and the employment of nine full-time employees. It focuses on building future-fit capabilities to lead local innovation and provide top-quality products to Australians. Read More>>

Startup Spotlight

Company – Rebellyous Foods
Total Funding – USD 44.96 Mn
About: Rebellyous Foods is a food manufacturing company dedicated to making plant-based meat more affordable. By using advanced technology and automated processes, it produces large volumes of high-quality, low-cost plant-based meat. Its innovative approach aims to achieve price parity with animal-based meat. Read More>>

Latest Reports Published in Draup

Loblaw Companies Limited Account Intelligence Report
Loblaw prioritizes developing grocery and retail drug markets and offering retail e-commerce platforms to improve the grocery and pharmacy network. Read More>>

Anheuser-Busch InBev Account Intelligence Report
AB InBev plans to offer traceable consumer coupons and a 24/7 personalized communication channel with AI-generated recommendations on its digital platform to improve sales. Read More>>

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