Coca-Cola Company doubles down on IoT solutions for equipment maintenance, stock optimization and smart coolers.

Key Signals in Retail and Consumer Goods

Centre Setup and Expansion
New Wawa Store Opens in Glenside
The opening was followed by a ribbon-cutting ceremony featuring the Wawa mascot Wally Goose and confetti. The first 100 customers received limited-edition Wawa Goose Vibes Only t-shirts. Read More>>
Grocery Outlet Expands in Pennsylvania
The independently owned and operated store is in the Windsor Park Shopping Center and will also serve customers from the Lower Allen Township area. The discount store includes a wide range of groceries, including fresh meat, produce, and specialty and organic items. Read More>>
Rent-A-Center Opens Store in Lincoln, Nebraska
As a part of Rent-A-Center’s mission to give back to those in need, the new store will contribute USD 2,000 to the Food Bank of Lincoln, a local organization dedicated to alleviating hunger in southeast Nebraska. Read More>>
Merger and Acquisitions
Inchcape Acquires Automotive Distributor Derco for USD 1.5 Bn
The combination brings together two best-in-class operators in highly attractive and fast-growth markets within Latin America and significantly expands their original equipment manufacturer brand portfolio. Read More>>
AmerisourceBergen Completes the Acquisition of PharmaLex
AmerisourceBergen’s global platform of pharma manufacturer services and specialty services is strengthened by the PharmaLex’s acquisition. Read More>>
Meesho teams up with Telangana Govt to guide small sellers scale up online business
It will help identify saleable products and train the seller group on the basics of running an online business in areas of cataloging, pricing, order management, etc. Meesho will also have a dedicated POC for platform onboarding and relationship coordination. Read More>>
Executive Movements
Lands’ End CFO to Step Down
The company announced executive leadership appointments and organizational changes to support its business objectives and strategic growth initiatives. Peter L. Gray, the Company’s Executive VP, Chief Administrative Officer, and General Counsel has been appointed as Chief Commercial Officer. Read More>>
Nordstrom appoints Atticus Tysen to the board effective Jan 3, 2023
In his current role as Senior VP of product development, and Chief Information Security and Fraud Prevention Officer for Intuit, Tysen is responsible for the applications supporting the company’s core IT functions as well as its cybersecurity and fraud prevention operations. Read More>>
Financial and Market Activity
UK’s Next Plc’s Profit Before Tax expected to reach USD 1 Bn in FY23
The company’s expected profit before taxes for the financial year 2022-23 has gone up by USD 24 million to USD 1 Bn. The company’s first predictions for the year ending in January 2024 are that full-price sales will be down 1.5%. Read More>>

Latest Industry Insights from Draup Braindesk

Funding Alert

Godrej to Invest USD 30 Mn in Telangana
The funding will go towards setting up a state-of-the-art Edible Oil Processing plant in Telangana. The proposed 30 TPH plant is expandable to 60 TPH and will be based in the Khammam district. Godrej Agrovet plans to operate at full scale by 2025-26 in the proposed facility. Read More>>

Startup Spotlight

Company – Fashion Cloud
Total Funding – USD 26.38 Mn
About: Fashion Cloud is a one-stop shop for fashion content and data exchange and digital pre- and reorders in the wholesale fashion industry. This is an all-in-one solution for more than 600 fashion brands and 20,000 retailers, allowing suppliers to sell to wholesale partners online. Retailers can integrate sustainability information like certifications and standards from brands onto their websites to help customers make informed decisions. Read More>>

Latest Reports Published in Draup

Marico Limited Account Intelligence Report
Marico Limited focuses on providing different types of hair care and skin care products to increase the total addressable market in high-growth countries. Read More>>
The Coca-Cola Company – Account Intelligence Report
The Coca-Cola Company is focusing on adopting IoT for smart coolers and connected coolers for preventive equipment maintenance, stock optimization, and personalized customer communication. Read More>>
Fonterra Co-operative Group Limited Account Intelligence Report
The company is focusing on transforming its supply chain with EV Trucks, electric milk tankers, and organic batteries to support its goal of reaching net zero carbon emissions. Read More>>
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