Retail giant Kroger teams up with Nvidia to build AI lab

Key Signals in Retail and Consumer Goods

Centre setup and Expansion
Walmart Canada investing USD 118 Mn  to build new fulfillment center in Calgary area 
The sortable fulfillment center will be approximately 430,000 square feet in size, serving as a delivery hub for millions of customer orders in Western Canada. Read More>>
Kroger teams up with Nvidia to build AI lab
The Company plans to create an artificial intelligence (AI) lab and demonstration center in its Cincinnati headquarters in a collaboration with graphics chip pioneer Nvidia. Nvidia and Kroger’s collaboration on AI and digital twins will further expand Kroger’s digital technology leadership. Read More>>
Arla Foods expands production in Bahrain with USD 63 Mn investment 
The Company has moved important elements of its production capacity to Bahrain to increase the shelf life of its products and reduce transportation costs and further product development. Read More>>
Coupang completes its biggest fulfillment center
The Company held a ceremony at the center in Dalseong County. Construction started in February 2020, and over 320 billion won (USD 262.4 Mn) was invested. The fulfillment center is 330,000 square meters (3.55 million square feet) and has six floors, which Coupang claims is the biggest logistics center in Korea. Read More>>
Nippon Gases to supply SalMar smolt plant
Nippon Gases Norge has won a contract to supply oxygen to SalMars new smolt plant and hatchery in central Norway. The deal with the main company subsidiary SalMar Settefisk, also involves the use of surplus heat from Nippon Gases air gas plant. Read More>>
Panasonic forges new partnerships to offer best in class customer service
The Company announces partnerships with ENSE and Total QSR to boost service levels to its customers, both pre and post-sales. The additional partnership with Total QSR, as sole service partner, ensures the customer journey is completed with a servicing and repair offer that will cover the SCV2 and the Company’s range of commercial microwave products across the UK. Read More>>
PepsiCo teams with Beyond Meat on plant-based jerky
The companies have unveiled the first product in their Planet Partnership LLC joint venture. Beyond Meat Jerky is the first shelf-stable product from Beyond Meat, which formed its Planet Partnership joint venture with Purchase-headquartered PepsiCo last year. The nationwide launch of Beyond Meat Jerky will make plant-based meat accessible to millions of households. Read More>>
Diono launches first U.S. in-store partnership with Walmart
Diono will offer a curated selection of Radian car seats and Cambria boosters, making the products more accessible to new and current customers across a growing retail footprint. Read More>>
Mergers and Acquisitions
Tata Consumer Products to continue focus on acquisitions
The Company recently acquired Kottaram Agro Foods, which houses the brand Soulfull, and Tata SmartFoodz, which have food products in the premium food space. Under Soulfull, now rebranded as Tata Soulfull, the Company sells packaged healthy snacks and cereals. Read More>>
Macau Pass acquisition by Alibaba affiliate completed  
The Company has completed a proposed USD 100 Mn acquisition of the SAR’s sole mobile payment provider, Macau Pass Holding Ltd. The acquisition would help deepen the interconnection of the local mobile financial infrastructure with the Greater Bay Area. Read More>>
Aurora Cannabis to acquire TerraFarma for USD 38 Million before earnouts
The Company has reached an agreement to acquire all of the issued and outstanding shares of TerraFarma Inc. TerraFarma’s highly experienced and trusted cannabis team in craft cultivation, product innovation, and operational execution will lead Auroras Canadian recreational business. Read More>>
Executive Movement
Matas A/S appoints Per Johannesen Madsen as new Chief Financial Officer
Per Johannesen Madsen has more than 20 years of experience as Finance Director and CFO, most recently as CFO of Scandlines A/S, where he has been since 2012. Read More>>
Foot Locker names first president of global brands
The Company announced its first president of global brands, naming Samantha Lomow to the role. Lomow joins the retailer from toy manufacturer Hasbro, where she was the president of branded entertainment. In her new role, Lomow will report to Foot Locker’s Executive Vice President and Chief Operating Officer Frank Bracken, according to a company press release. Read More>>
Impossible Foods names Peter McGuinness as CEO
Founder Pat Brown will step down from the CEO role but stay on in a post titled chief visionary officer. McGuinness joins Impossible from yogurt maker Chobani Inc., where he recently left his position as chief operating officer. He’ll oversee Impossible’s efforts to expand its presence in supermarkets Read More>>

Latest Industry Insights from Draup Braindesk

Key Engagements
Panasonic Avionics Corporation, a subsidiary of Panasonic Corporation, has implemented the IFE control through the passenger’s personal electronic device. Through the Companion Application, passengers can avoid touching the screen and can control the inflight content via their own device. The Companion App can also integrate all elements of the IFE and the airline’s mobile app into one personalized product.


Key Funding Alert

Malaysia’s iPrice Group raises USD 5 Mn from Itochu Corporation and KDDI Corporation
With the new funding, iPrice will expand its services to the lending market by helping users find not only the best e-commerce offering but also the best consumer loans to fund their purchases. Read More>>

Startup Spotlight

Company – good culture
Total Funding – USD 81.8 Mn
About: Good Culture produces real-food cultured dairy products and simple ingredients across their growing portfolio of cultured foods. Read More>>

Latest Reports Published in Draup

Camping World Holdings, Inc. Account Intelligence Report: Camping World is eager to develop the digital module for the assortment of recreational vehicles and outdoor products and accessories that expand serving customers outdoor by utilizing the online purchase platform technologies. Read More>>
ACI Worldwide Inc. Account Intelligence Report: ACI Worldwide focuses on providing secured payment solutions, innovation in the transactions, and platform integration to improve financial function without delay and threats. Read More>>
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