Flipkart-owned PhonePe acquires OSLabs in a bid to boost its super app ambitions
Key Signals in Retail and Consumer Goods
Centre setup and Expansion Neiman Marcus teases glimpses of its new Dallas HQ The luxury retailer is creating three new corporate hubs to promote innovation and collaboration among its employees. The Dallas hub will be Cityplace Tower in Uptown—selected for its close proximity to its flagship store Downtown and its historically highest-grossing store at NorthPark Center. Read More>> Amazon Fresh sets foot in metro New York with latest stores The e-tailer had unveiled plans to enter the New York metropolitan area with new stores in Paramus and Oceanside, which would offer the company’s ‘Just Walk Out’ cashier-less shopping. Read More>> Harvey Norman opens 18th Irish Store Furniture and technology retailer Harvey Norman has opened its 18th store on the island of Ireland at Fonthill retail park in west Dublin. The Fonthill store will house the most extensive range of products on display and in stock for quick delivery. Read More>>Deals Annapolis-based beer company lands big deal with Walmart Armed Forces Brewing Co. has landed a big distribution deal with Walmart and Sam’s Club, making it one of the largest contracts in Maryland’s microbrew industry. The brewing company is run by military veterans, hospitality experts, and an award-winning brewmaster. Read More>> Mattel announces multi-Year agreement to make SpaceX collectibles Set to roll out in 2023, Mattel will begin releasing SpaceX-inspired toys under its iconic Matchbox property. Simultaneously, Astro-inspired collectibles will debut on Mattel Creations, Mattel’s collaboration and direct-to-consumer platform. Read More>>Mergers and Acquisitions Flipkart-owned PhonePe acquires OSLabs in an all-cash deal The company-owned digital payments major PhonePe acquired a one hundred percent stake in OSLabs, which built the Indus App Bazaar, the Indian alternative to big tech-controlled app stores. The acquisition is seen as a boost for PhonePe’s super-app ambitions. Read More>>Partnership KAWS unveils cereal box collaboration with General Mills Arriving after the artist’s recent team-up with BTS’ J-Hope, the partnership includes four flavors featuring playful characters inspired by monsters. Each box is highlighted with KAWS’ signature X’d out eyes, with each monster munching on their cereal bowls. Read More>> YouTube partners with Shopify to add live shopping features In collaboration with Shopify, YouTube will allow viewers to purchase products without leaving its website. The feature is available to users from the U.S., Brazil, and India, enabling them to see products they can buy in the explore tab starting next week, with additional countries to roll out later this year. Read More>>Executive Movement Walmart hires Joe Beemsterboer as VP At Walmart, Joe Beemsterboer will develop a government enforcement strategy, including helping the retailer respond to regulatory enforcement actions from federal agencies. Read More>>
Latest Industry Insights from Draup Braindesk
Key Funding Alert
Coca-Cola bottling partners invest USD 1 Bn to add capacity
The company works with 12 bottling partners who invest in the plants, while the company works on the marketing budgets and product innovation to drive sales. Besides improving penetration of existing products, the company will also launch zero- and low-sugar variants of all its key sparkling brands in a phased manner. Read More>>
Startup Spotlight
Company – UrbanPiper Total Funding – USD 39.18 Mn About: UrbanPiper offers a comprehensive suite of products, including white-labeled and customizable websites and apps, a feature-rich CMS, a CRM dashboard to manage and analyze the online presence, and more. Read More>>
Latest Reports Published in Draup
Panasonic Corporation Account Intelligence Report: Panasonic Corporation focuses on Transmission Devices and Business Enhancement to cater to the regional demands of the customers. Panasonic is eager to enhance its connectivity solutions by designing and developing sensors, chips, capacitors, and semiconductors. Read More>>
Campbell Soup Company Account Intelligence Report: Campbell has partnered with external firms to use advanced analytics powered by artificial intelligence to drive real-time insights on culinary and health trends, shopping trends, and other signals. It is also keen on investing in data analytics and design tools to increase its yield and quality. Read More>>
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