Ikea Australia to Open Sustainable Living Stores Across Network

Key Signals in Retail and Consumer Goods

Centre setup and Expansion
PriceSmart Confirms New Colombia Unit
The company will open a second store in Medelln in 2023, in El Poblado. With this opening, the chain will have 10 points in Colombia and 52 in Latin America. Redoubling its commitment to local brands, it continues to collaborate with Leonisa, Arturo Calle, St Even, Fantastic Night, and Cannon, to name a few. Read More>>
REI Co-op to Open New Store in Marina Del Rey
The location is projected to open in spring 2023 and will offer apparel, gear, and expertise for camping, cycling, running, fitness, hiking, paddling, climbing, snow sports, and more outdoor activities. Read More>>
Ikea Australia to Open Sustainable Living Stores Across Network
The company will launch its Sustainable Living Shop to help consumers live sustainably and save household expenses. The Sustainable Living Shop is a new retail store-in-store concept that will open in all 10 Ikea locations in Australia next year. Read More>>
Merger and Acquisitions
Agthia Completes Acquisition of Majority Stake in Egyptian Healthy Snacks and Coffee Company Auf Group
Agthia has acquired 60% of Auf Group, with Auf Group’s founders retaining a 30% stake and continuing to actively lead the company with the support of Agthia’s regional footprint and operational expertise. Read More>>
Swire Coca-Cola Acquires Coca-Cola Bottling Business in Cambodia
The Coca-Cola Company announced the acquisition of the Coca-Cola subsidiary with a bottling business in Cambodia. The transaction is Swire Coca-Cola’s first investment in Southeast Asia, expanding its operating footprint into a new region. The completion of the Cambodia agreement marks a major milestone for Swire Coca-Cola. Read More>>
LVMH Buys Fine Jewelry Producer Pedemonte Group
LVMH is expanding its jewelry capacity with the acquisition of manufacturer Pedemonte Group. LVMH acquired the relatively young fine jewelry group from the Equinox III SLP SIF investment fund. The acquisition will boost LVMH’s fine jewelry production capacity as the watches and jewelry division grows. Read More>>
Dunfermline’s Dobbies Expands Link-up with John Lewis Partnership
This expands Dobbies’ relationship with the John Lewis Partnership after it was announced in July that Waitrose would have a dedicated area in 50 food halls. 12 Dobbies stores, including Dunfermline, have started the rollout. Read More>>
New Partnership with Pendragon Vehicle Management
Pendragon Vehicle Management has a long-standing reputation and has been helping UK businesses reduce the cost and burden of operating their fleets for over three decades. The partnership also supports PVM’s commitment to social responsibility in assisting new and existing customers in making the transition to electric to help reduce their carbon footprint. Read More>>
Executive Movements
Sabine Haman Appointed Group Chief Human Resources and Communications Officer, Member of the Executive Committee of Rexel
In this position, she will be responsible for implementing the HR initiatives necessary for the success of Rexels PowerUp 2025 strategic plan. Read More>>
Kao Appoints New Presidents to its Cosmetics Leadership Team
Yosuke Maezawa and Mark Johnson will head up the Molton Brown and Kanebo owners’ cosmetics business. Yosuke Maezawa will take over the role of President of the beauty owners’ cosmetics business, which includes brands such as Sensai, Kanebo, Molton Brown, and John Frieda. Read More>>
Financial and Market Activity
Ulta Beauty Reports Net Sales of USD 2.3 Billion in Q3
Ulta Beauty, Inc.’s third-quarter net sales were USD 2.3 billion, compared to USD 2.0 billion in the year-ago quarter. Comparable sales increased 14.6% from the third quarter of fiscal 2021, driven by a 10.7% increase in transactions and a 3.5% increase in average tickets. 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

DXP Enterprises, Inc. Announces Raising an Incremental USD 105M In Term Loan B Borrowings
The company announced it raised USD 105 million in Senior Secured Term Loan B to add to the USD 330 million it raised in December 2020. DXP’s Senior Secured Term Loan B borrowings will total USD 417.2 million. The existing and new TLB borrowings mature in 2027 at Term SOFR plus 5.25 percent. DXP plans to use the proceeds to repay its Asset-Based Loan (“ABL”) and for general corporate purposes, potential acquisitions, and transaction fees and expenses. The transaction allows DXP to reinvest in the business and pursue organic and targeted acquisition growth. Read More>>

Startup Spotlight

Company – Sidekicker
Total Funding – USD 24.39 Mn
About: Sidekicker is Australia and NZ’s leading on-demand staffing platform. Sidekicker is the easiest and fastest way to connect people looking for flexible work with businesses looking to hire staff based on hourly, daily, or weekly needs. Founded in 2012, Sidekicker has grown rapidly and acquired significant investment from the leading global employment marketplace SEEK. In 2017 the company expanded operations nationally in Australia and New Zealand and placed 13th in Deloitte’s Tech Fast 500, APAC. Read More>>

Latest Reports Published in Draup

Total Wine & More Account Intelligence Report
This report provides an overview of Total Wine & More’s strategic initiatives around the globe. Read More>>
BESTSELLER Account Intelligence Report
This report provides an overview of BESTSELLER’s strategic initiatives around the globe. Read More>>
Here’s what’s new on our Sales Intelligence Platform
Shortlist leads directly from Chrome using our extension
Launching Draup’s Chrome Extension to give more power to your sales efforts. Now, you can quickly add leads on LinkedIn to Draup’s lists.
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