Namogoo Partners with Ometria to Deliver Real-Time Personalization for Context-Zero Visitors
Key Signals in Retail and Consumer Goods
Centre Setup and Expansion PepsiCo Debuts UK Oat Testing Lab The Company partnered with NIAB to open its first UK oat testing lab at the NIAB site in Cambridge. Researchers will use the facilities to mill and analyze thousands of oat samples from regenerative agricultural trials. Read More>> Poundland Opens New Store in Aylesbury this Weekend The new 14,000 sq. ft store employing fifteen staff is an addition to Poundland’s existing store in Aylesbury town center, which remains open as usual. Read More>>Merger and Acquisitions Autosports Group Signs Deal to Acquire Motorline Businesses for USD 60 million The Company is acquiring the business and assets of Motorline BMW, Motorline MINI, Motorline Bodyshop, Gold Coast BMW, and Gold Coast MINI. The purchase consideration consists of USD 60 million for goodwill, plant, and equipment, subject to usual adjustments. Read More>> Ferrero to Acquire Wells Enterprises The acquisition is part of Ferrero’s strategic plan for the ice cream category and Wells’ vision for accelerated growth. Read More>>Partnership Namogoo and Ometria Launch a New Partnership This will enable Ometria’s global customers to access and use Namogoo’s unique, commerce-oriented data points and segments, as well as their intent prediction engine, to create personalized marketing experiences at every touchpoint, all in real time. Read More>>Executive Movements Prada Names Andrea Guerra as Company CEO Guerra’s appointment is meant to ease the succession of Lorenzo Bertelli, the future leader of the group. Read More>> Tyson Foods Names Melanie Boulden, Executive Vice President Chief Growth Officer, Effective Feb 6, 2023 In this newly created role, Boulden will oversee functions including consumer and corporate branding, innovation, R&D, communications, and consumer insights and analytics. Read More>>Financial and Market Activity GameStop Reports Decline in Revenue and Sharp Decrease in Cash The Company announced its fiscal third quarter sales declined, and its cash pile sharply dwindled, as the brick-and-mortar retailer has been working on expanding its digital presence. The Company’s cash and cash equivalents fell to USD 804 million from approximately USD 1.4 billion a year earlier. Read More>> UK Retailer Frasers Group Reports 12.7% Revenue Growth in H1 FY23 The Company’s first-half fiscal 2023 revenue was 2,638 million, up 12.7% from 2,339.8 million in 2022. H1 FY23 profit before tax was 284.6 million, up 53% from 186 million in H1 FY2022. Read More>> Vince Holding Registers 12.7% Revenue Growth in Q3 The Company’s third quarter FY22 sales grew 12.7% to USD 98.60 million. Gross profit margin shrank 1,800 basis points to 30.2% and fell 29.2% to USD 29.8 million. Selling, general, and administrative costs were USD 39.2 million. Read More>>
Latest Industry Insights from Draup Braindesk
Amazon focuses on developing home automation solutions, digital assistant solutions, and digital transformation with specific goals to increase the Company’s diversity.
Amazon focuses on introducing an augmented reality powered Virtual TryOn shopping experience for its users to offer an enhanced buying experience.
Amazon focuses on introducing and integrating new payment solutions and methods to enable a more convenient shopping experience for its customers.
Greater Seattle, United States, is a hub for augmented and virtual reality, device engineering, data engineering, and DevOps-related engagements.
Product Engineering Services holds 42% of the total outsourcing headcount. Amazon.com’s key outsourcer is Tech Mahindra.
Funding Alert
Barry Callebaut To Invest USD 100m In Its Ontario Factory Expansion Project
The Company announced to invest USD 100 million in its ongoing expansion project at Chatham, Ontario, factory by the end of its budget year 2022/2023. The USD 30 million project began in 2018 to increase liquid storage capacity. The additional investment of USD 70 million is being used to expand Chatham’s product line and boost manufacturing. The facility manufactures a range of products, such as liquid milk, dark compound, and molded products. Read More>>
Startup Spotlight
Company – SUGAR Cosmetics Total Funding – USD 85.5 Mn About: SUGAR Cosmetics offers cruelty-free premium makeup. It’s a millennial favorite and one of India’s fastest-growing beauty brands. With its clutter-breaking persona, low-poly packaging, and chart-topping products, SUGAR is the makeup of choice for bold, independent women. SUGAR was crafted and manufactured in Germany, Italy, India, the USA, and Korea. The brand ships its bestselling Lips, Eyes, Face, Nails, and Skin products worldwide. With a cruelty-free range that’s high on style and performance, the brand crafts products that match every Indian skin tone across seasons and around the calendar. Backed by marquee investors and millions of makeup enthusiasts, SUGAR Cosmetics is rapidly scaling its physical presence with 10,000+ retail outlets by 2020 across 130+ cities and a mission to reach every makeup user in the country. Read More>>
Latest Reports Published in Draup
LVMH Account Intelligence Report
The document outlines LVMH’s global strategic initiatives globally. Read More>>
Tescoplc.com Account Intelligence Report
The document outlines Tescoplc.com’s global strategic initiatives globally. Read More>>
Here’s what’s new on our Sales Intelligence Platform Introducing Guest Users
Make collaboration with your colleagues a breeze! Invite your colleagues to Draup as Guest Users and collaborate on projects. Guests are above and beyond your allowed Draup licenses and free of charge (up to 5 guests per paid license). The guest users will have access to My Leads and Signals features in Draup.
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