Prada Group partners with Adobe to reimagine in-store, digital experiences

Key Signals in Retail and Consumer Goods

Hoffmann Green Cement signs a supply contract with the Alkern Group
The contract is for the supply of decarbonated cement, which includes a volume commitment of 14,000 tons until the end of 2027. As part of its eco-responsible approach, the Alkern Group has chosen to replace its traditional cement supply with Hoffmann’s innovative and sustainable solution. Read More>>
Zorang becomes a certified BigCommerce Agency partner to power up headless B2B & B2C commerce capabilities
The partnership aims to deliver engaging shopping experiences built on BigCommerce’s headless architecture and provide even more robust and scalable solutions to meet the unique business needs of their clients. Read More>>
Prada Group partners with Adobe to reimagine in-store, digital experiences
The partnership will leverage Adobe Real-Time Customer Data Platform and Adobe Journey Optimizer to deliver personalized experiences and relevant content across any channel in real time. Read More>>
Mergers and Acquisitions
Brenntag expands South-East Asian footprint with Aik Moh Group acquisition
This move will expand Brenntag’s presence in the South-East Asian market. Aik Moh Group’s nine blending and warehousing facilities, as well as their distribution of glycols, solvents, and blends, will likely complement Brenntag’s existing offerings and provide new opportunities for growth. Read More>>
Reece Group acquires Barsco
With over 800 branches worldwide, including more than 200 in the U.S. Sun Belt region, Reece Group aims to expand its operations with this acquisition. Barsco founded almost 90 years ago, currently supplies refrigeration and HVAC equipment, parts, and supplies across Texas through its 12 locations. Read More>>
Centre Setup and Expansion
Tractor Supply Store coming to Golden Gate Estates
The store would be slightly larger than a typical Tractor Supply Store, with a total area of 21,930 square feet, which includes a 19,870 square foot fenced outdoor display area and a 3,672 square foot garden center. The store will be open by the end of the year. Read More>>
Lay Off
Bed Bath & Beyond to cut 1,300 more jobs
The company plans to lay off 1,300 more employees at four New Jersey locations, including Harmon. The layoffs come ahead of a labor law change that will require companies with 100+ employees to give 90-day notice for plant closings and mass layoffs. Read More>>
Executive Movements
Matalan looks to the supermarket sector with new CEO and chairman appointments
Holland’s appointment as chairman suggests that Matalan may be looking to tap into the discount supermarket sector’s expertise to drive growth and improve operational efficiency. Whitfield’s experience at Co-op and previous work at Matalan should enable her to hit the ground running in her new role. Read More>>
Pepperfry appoints Hussaine Kesury as Chief Activation Officer
In his new role, Hussaine will be responsible for leading Pepperfry’s omnichannel efforts across their Company-Owned Company-Operated and Franchise-Owned Franchise-Operated Studio businesses, as well as overseeing the operations and expansion of Pepperfry’s retail footprint. Read More>>
Financial and Market Report
Reckitt Benckiser Group full-year 2022 earnings
The company announced the increase in revenue by 9.2% from FY 2021 is a positive sign and indicates that the company has been successful in generating more sales. This increase in revenue has also contributed to the company’s move to profitability. The profit margin of 16% is also a positive indicator, as it indicates that the company can generate a significant profit relative to its revenue. Read More>>

Latest Industry Insights from Draup Braindesk

Recycling Products
  • The Coca-Cola Company has launched a recycling program to reduce plastic waste and convert it into packaging solutions to enhance the delivery of products safe and secure. 
  • The Coca-Cola Company is utilizing plastic bottle recycling processes to create sustainable products and PET bottles with tethered lids to provide easy access to the beverage on the go.
Beverages Enhancements
  • The Coca-Cola Company launched a new packaging solution and flavor for a non-carbonated beverage made with real fruit juices and natural flavors to deliver a refreshing experience to Gen Z. 
  • The Coca-Cola Company develops the beverage supply chain to raise the bar in terms of service delivery, innovation, and customer satisfaction.
E-Commerce Portals
  • The Coca-Cola Company’s e-commerce portals offer convenient digital options for ordering and delivery, providing exceptional service. It leverages AI and ML technology to analyze data and gain insights into consumer behavior based on purchasing patterns. Service providers’ expertise in the above-mentioned areas can reach The Coca-Cola Company to grab better opportunities

Funding Alert

Mondelez to invest USD 486 Mn in India in the next three years
The investment plan is a positive sign for the Indian economy, as it is will contribute to the growth of the food processing industry and create opportunities for the local workforce. Read More>>

Startup Spotlight

Company – Something & Nothing
Total Funding – USD 5.17 Mn
About: Something & Nothing specializes in seltzer made from natural ingredients and low in calories. Read More>>

Latest Reports Published in Draup

Foot Locker Account Intelligence Report
Foot Locker develops retail operations with electronic displays and contactless payment options to improve the Commerce platform and provide a better customer experience. Read More>>
Lowe’s Companies, Inc. – Account Intelligence Report
Lowe’s focuses on leveraging Artificial Intelligence technology to enhance the personalization of customer experiences and develop connected home products. Read More>>
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