Sealord to leverage Infor’s cloud-based solutions to improve forecasting and better measure sustainability

Key Signals in Retail and Consumer Goods

Centre setup and Expansion
EG Group opens two Cumberland Farms stores in the Gulf Coast Area 
Both stores will feature Cumberland Farms’ latest design with the newest equipment and menu items, including a wide variety of hot grab-and-go options and premium Farmhouse Blend coffee. Customers can also enroll in SmartPay Rewards and save 10 cents per gallon of fuel daily. Read More>>
First West Midlands ‘Poundland Local’ store set to open 
The first Poundland Local store in the West Midlands will open later this summer at 37 Boldmere Road, Sutton Coldfield. Each new store will have a range of items tailored to suit the needs of customers in each neighborhood, whether they live or work locally. Read More>>
Petco opens its first location of a new rural store concept 
The first Neighborhood Farm & Pet Supply is located in Floresville, Texas, and will serve as a one-stop shop for consumers buying products for pets and farm animals. Read More>>
HEXO enters into amending agreements with Tilray  
The strategic alliance with Tilray Brands accelerates HEXO’s operational turnaround and unlocks capital to expand the latter’s market leadership globally. Read More>>
Sealord selects Infor SaaS business software to enhance forecasting and better measure sustainability
Infor CloudSuite Food & Beverage (F&B) will also help Sealord establish specific carbon and other sustainability measures, such as sea temperature and plastics usage monitoring, and then report and manage progress towards its sustainability goals. Read More>>
Monster Energy announces partnership with Thredbo 
The company has announced a multi-year partnership with Australian Alpine Resort, Thredbo. The partnership means Monster has exclusive pourage rights on the mountain, naming rights to Antons Terrain Park, and its signature branding will be visible across Thredbo. Read More>>
Mergers and Acquisitions
J&J Snack Foods Corp. to acquire Dippin’ Dots 
With this acquisition, J&J can further leverage its combined strength in entertainment and amusement locations, theaters, convenience, and supermarkets to realize added scale, operational and go-to-market synergies, and create new selling opportunities among an expanded customer base. Read More>>
Executive Movement
Under Armour announces CEO transition  
The board has initiated a comprehensive internal and external search process to identify a permanent President and CEO. Until a successor is named, the board has appointed Colin Browne, the company’s Chief Operating Officer (COO), as interim President and CEO, effective June 1, 2022. Read More>>
La-Z-Boy appoints Carol Y. Lee as the new Chief Information Officer 
Lee will serve as chief architect for La-Z-Boys enterprise-wide information technology strategy, including the design, development, and support of IT systems and programs, etc. Read More>>
Financial and Market Activity
Ornua announces record year with operating profit up by 1.3% 
This performance was achieved as Ornua maximized value by growing its branded product range, expanding its innovation capabilities, and leveraging its strong customer partnerships and international scale. Read More>>

Latest Industry Insights from Draup Braindesk

  • United Breweries continues developing new products, enhancing existing products, and improving productivity through its manufacturing network in India.  
  • The Company is keen on making products with natural ingredients under the perfect conditions and distribution across the globe. 
  • United Breweries is keen on strengthening its product portfolio across the beer segment and gathering to introduce the product using the digital media platform. 
  • Bengaluru Area, India, serves as a vital location, focusing on System Integration, Business Intelligence & Analytics, and IT Consulting related engagements. 
  • Consulting & System Integration is the highly outsourced segment, holding approximately 71% of the total outsourcing headcount. Espouse Technology Pvt. Ltd., Inputzero, and IBM are the major outsourcing partners for UB Group.

Key Funding Alert

Plobal Apps raises USD 8.5 Mn in Bessemer-led round to scale mobile e-commerce app for Shopify merchants 
Armed with new capital, Plobal aims to build a larger presence in North America and accelerate its tech innovation and product launch efforts. Plobal currently has teams in Canada and the United States, with a large part of its headcount based in Toronto. Read More>>

Startup Spotlight

Company – Magic Spoon
Total Funding – USD 99.5 Mn
About: Magic Spoon is a food company that provides childlike, low-carbohydrate cereal foods for adult customers. The company was founded in 2019, with its headquarters in Brooklyn in New York. Read More>>

Latest Reports Published in Draup

Britannia Industries Limited Account Intelligence Report: Britannia Industries plans on expanding its new product categories in line with consumer expectations for entering new markets. It is also keen on developing its customer experience through a chatbot using IoT. Read More>>
Sam’s West, Inc. – Account Intelligence Report: Sam’s West, Inc. is a membership warehouse club aiming to implement an automated inventory scanning capability and scanning accessory that fits the autonomous floor scrubbers and ensures items are available & easy to find throughout the club. Read More>>
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