Key Signals in Retail and Consumer Goods
|
|
|
Centre Setup and Expansion
Cresco Labs continues Florida expansion with two new store openings
The company opens two new dispensaries in Palm Harbor and Lake Worth, Florida, bringing its total retail footprint in the state to 28. Cresco has a total of 63 dispensaries nationwide. Cresco Labs aims to normalize and professionalize the cannabis industry and is one of the largest players in the space. Read More>>
Aldi names the 30 places where it wants new stores, North Staffordshire town on the list
It also plans to invest more than USD 485.9 Mn in improving existing stores. The firm has 990 stores across the country. Read More>>
Henkel opens a new application center in Perumugai, Vellore, in collaboration with Saba Group
This marks the launch of its first Centre of Excellence in Tamil Nadu. The Vellore application center will be integrated with Henkel’s global network of application, product development, and design centers. This will enable Henkel to develop innovation and digitalization competencies and expedite time-to-market with greater agility. Read More>>
Mergers and Acquisition
Altria to pay up to USD 3.25 Billion For E-Cig Maker NJOY
The company has entered into a definitive agreement to acquire NJOY Holdings Inc. for approximately USD 2.75 Bn in cash plus a potential USD 500 for NJOY products. The acquisition is intended to accelerate U.S. adult smokers and competitive adult vaper adoption of NJOY ACE and to expand competition in the smoke-free category. Read More>>
Partnership
Sugro partners with PepsiCo to test marketing profiling tech
PepsiCo intends to improve its e-commerce performance through targeted advertising and split testing. It’s great to see businesses leveraging technology to optimize their marketing strategies and drive online sales. Read More>>
Deal
Hasbro and Franklin Sports partner to deliver new Nerf Sports products
Under this deal, Franklin Sports will be responsible for manufacturing and distributing Nerf Sports products, while Hasbro will retain the ownership of the brand. Overall, Hasbro’s partnership is a strategic move to strengthen its position in the sports products market. Read More>>
Executive Movements
Fastenal names Noelle J. Oas, J.D., as the new Executive V.P. of Human Resources
She will oversee benefits, insurance, payroll, diversity and compliance, and the Fastenal School of Business, the company’s employee training and development division. Ms. Oas has been with Fastenal for eight years and previously served as the director of compliance. Read More>>
Juha Ruohola appointed as HKScans CEO
Ruohola has served as HKScans interim CEO since 29 September 2022. Before this, Ruohola was HKScans executive vice president, responsible for the Baltic and Polish businesses and the group’s exports and imports. Juha Ruohola knows well the food chain from primary production to consumers. Read More>>
The Beer Store hires Roy Benin as the new CEO and president
Benin is a seasoned executive with over 30 years of extensive leadership experience at various global organizations in the consumer-packaged goods sector. Benin left the role of president of Interbake Foods to join TBS, and before Interbake, he was president of two prominent business units at Weston Foods Ltd. Read More>>
Financial and Market Activity
Prada touts strong profits in U.S., Europe
The company’s net profits rose by 58% to USD 497 Mn, while its revenues climbed by 25% to USD 4.4 Bn. Prada’s strong sales in Europe and the United States helped offset declines in China. It is now viewed as a growth opportunity for the luxury goods sector following the country’s scrapping of its last zero-Covid policies in January. Read More>>
Ayr Wellness reports fourth-quarter and full-year financial results
The company reported a revenue of USD 124.6 Mn for the quarter, representing an 11.44% increase from the same period in 2021. Gross profit was USD 55.1 Mn, with a gross margin of 44.2%. Adjusted EBITDA for the quarter was USD 26 Mn, with a slight decrease compared to the corresponding period in 2021, and the company reported a goodwill impairment charge of USD 47.4 Mn for the quarter. Read More>>
|
|
Latest Industry Insights from Draup Braindesk
|
|
|
|
Local Format Store
- Coles has opened its Local format store in Earlwood to offer the local community an extended range of Mediterranean products and exciting innovations to inspire Sydney shoppers.
Supermarket
- Coles has opened a fully functioning supermarket for children with disabilities at St Lucy’s School campus to provide a guided work experience environment for senior students who will stock shelves, serve customers, and ensure the shop is a great environment.
Local Supermarket
- Coles has opened its Coles Local supermarket in Western Australia to offer customers a tailored and convenient shopping experience that has been curated to meet the local community’s needs.
|
|
Funding Alert
Paulig invests in cocoa-free chocolate firm WNWN as part of a USD 5.6 Mn Series A funding round led by PeakBridge Ventures
WNWN claims to be the first company to bring a flavor-identical, cacao-free, and more affordable alternative chocolate to market, using ingredients such as barley and carob. Paulig’s investment will help WNWN expand its operations and bring branded products to retail this year. This investment supports the company’s goal of developing a food culture that promotes the well-being of people and the planet. Read More>>
|
Startup Spotlight
Company – zavvie
Total Funding – USD 5.4 Mn
About: zavvie enables brokerages to have their marketplace that co-opts all buying and selling options while keeping their agents at the center of every transaction. With the help of zavvie technology, brokerages can create a new core service, unlock listings, and generate more revenue. Read More>>
|
|
Latest Reports Published in Draup
|
|
|
Here’s what’s new on our Sales Intelligence Platform
Sort use cases in Industry Curator
|
|
|
Identify new use cases in Industry Curator by sorting content based on Date Added.
|
|
|
|
|
