CommerceHub Completes Acquisition of Channel Advisor to Help Retailers and Brands Increase Global Sales.

Key Signals in Retail and Consumer Goods

Centre setup and Expansion
Westrock Coffee hosts groundbreaking ceremony to begin refurbishments on new facility in Conway
The Conway facility is one of eight global Westrock sites providing coffee, tea, flavors, extracts, and ingredients solutions sourced from 35 origins around the world. Currently, Westrock delivers over 20 million cups of coffee a day and is the number one provider of coffee and tea to food service in the U.S., as well as a leading coffee extracts supplier in RTD coffee. Read More>>
Grocery Outlet to celebrate grand opening in Atwater Merced County Times
The Atwater community will experience a new, highly affordable, quality shopping experience with the Grand Opening of the new Grocery Outlet at 1093 Bellevue Road. Meanwhile, they started their first Grocery Outlet store in Stockton for a couple of years, then moved to Mammoth Lakes and started another. Read More>>
Interstate Batteries and Kenco Group partner to get products to distributors & customers faster
The company has selected Kenco as its partner for distribution and fulfillment center network operations. Kenco’s integrated supply chain solutions will help Interstate improve product availability, reduce operational complexity, and enhance its partnerships with distributors, customers, and suppliers. Read More>>
Fresh Del Monte chooses Daikin’s ZeSTIA units
The company has ordered 2,200 Daikin ZeSTIA units, of which ten are fitted with Daikin’s CA technology. A further 500 of the ZeSTIA units will be used during the 2022/2023 Chilean fruit season on the Chile-USA trade, carrying the primary cargo of grapes with apples, peaches, plums, and blueberries also set for transportation. Read More>>
Mergers and Acquisitions
CommerceHub completes acquisition of ChannelAdvisor
The company announced the completion of its acquisition of ChannelAdvisor Corporation, which enables brands and retailers to increase global sales for $23.10 per share in cash. With the completion of the transaction, ChannelAdvisor shares have ceased trading and are no longer listed on the New York Stock Exchange. Read More>>
FEMSA acquires payment aggregator NetPay
The company has announced the acquisition of payment aggregator NetPay for small and medium-sized businesses in Mexico. With this transaction, Digital@FEMSA continues to build an omnichannel portfolio of diverse financial and digital services to simplify the lives of millions of people. Read More>>
Germany’s Puma & Foot Locker announce expanded partnership
The partnership is underscored by a focus on basketball and creating exclusive product collections that meet the demands of this growing next-generation market segment. The companies will roll out hyper-relevant creator engagements and brand partnerships that specifically resonate with a younger audience. Read More>>
Kellogg and S Supplement launch the new Protein 90 protein with Zucaritas Cereal
The two companies come together to create Protein 90, a food supplement of plant origin, lactose-free and with pieces of Zucaritas cereal, to form part of a healthy and sustainable diet. Read More>>
SpartanNash partners with Uber for convenient grocery delivery
The two companies are extending this service to SpartanNashs network of 2,100 independent grocery retail customers as part of their partnership to deliver customer-centric innovation. Committed to fostering a People First culture, the SpartanNash family of Associates is 17,500 strong and growing. Read More>>
Executive Movements
Vikram Idnani appointed Chief Information Officer of Landmark Group India
The company has appointed Vikram Idnani as Chief Information Officer (CIO) for its India business. The step will strengthen the company’s leadership team. In his new role, Vikram will be responsible for Landmark Group’s implementation and execution of all technology initiatives coupled with customer experience enhancement. Read More>>
River Island CEO Will Kernan to step down after three years 
The chief executive of the company Will Kernan is set to resign after three years in his role. Kernan, the chair of the luxury biscuits business Biscuiteers, is leaving to pursue personal projects. Kernan joined River Island from cycling and tri-sports specialist Wiggle in September 2019. He added to the executives earlier this week that he is extremely grateful for the time spent as an Islander. Read More>>
The TJX Companies, Inc. names John Klinger Chief Financial Officer
John Klinger has been promoted to Executive Vice President, Chief Financial Officer, effective January 29, 2023, the beginning of the TJXs fiscal year. Mr. Klinger will oversee Corporate Finance for TJX, including Audit, Treasury, Tax, and Investor Relations. John has worked for TJX for over two decades and has both the financial expertise and deep understanding of TJX that are vital to this role. Read More>>

Latest Industry Insights from Draup Braindesk

  1. RxPlus Rite Aid’s online presence gives customers convenience and loyalty programs. 
  2. Rite Aid’s strength is its ability to develop new products. 
  3. Rite Aid increases own-brand sales and penetration by expanding its assortment, redefining brand architecture, refreshing package design, and driving greater marketing support. 
  4. Rite Aids RxEvolution will enhance and modernize the company’s technology platforms, focusing on customer experience and design. 

Funding Alert

Perdue Farms Invests USD 27 Million in Pet Treat Plant 
The Right Place, an economic development organization in West Michigan, announced that Perdue Farms plans to invest more than USD 27 million to renovate a local food processing plant into a pet treat facility. The Right Place is supporting the facility renovation. The facility will support Perdues Spot Farms, and Full Moon pet treat brands, which are sold throughout the United States and Canada. Read More>>

Startup Spotlight

Company – NutriTap
Total Funding – USD 2.05 Mn
About: NutriTap brings nutritious yet delicious foods and beverages on tap through automated retail machines. We aim to bring health and nutrition to sedentary corporate life through our innovative, tech-driven, and anywhere-anytime automated retailing machines. Our nutritionists scan a range of national and local health foods and select products best suited to modern lifestyle challenges. Employees love NutriTap because they get what they want in 45 seconds via their preferred digital payment channel. Read More>>

Latest Reports Published in Draup

Nestle S.A. Account Intelligence Report
The report outlines Nestle S.A.’s strategic initiatives worldwide. Read More>>
Amazon Devices Account Intelligence Report
The purpose of this document is to provide an overview of Amazon Devices’ global strategic initiatives. Read More>>
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