SPAR to use VisionR’s in-store technology across its retail network

Key Signals in Retail and Consumer Goods

Centre setup and Expansion
Musgrave revamping SuperValu Stores in Northern Ireland 
Aligning with Musgrave NI’s sustainability commitments, the stores will be powered using green electricity and feature digital screens, energy-efficient LED lighting, and energy-efficient refrigeration systems as the group works to achieve its net zero ambition by 2040. Read More>>
ABC Supply opens Oregon location  
The Oregon location will be headed by Tom Frost, who joined ABC Supply in 2010 as a driver at the company’s Saint Augustine, Florida location. He was promoted to an inside sales associate role and most recently served as delivery services manager at the same branch. Read More>>
West Michigan’s first Whole Foods opens 
The new 45,400-square-foot store is at 2897 Radcliff Ave. SE along 28th Street, across from Woodland Mall. Whole Foods also plans to give back to local nonprofit organizations as part of the grand opening celebrations of the first store in West Michigan. Read More>>
Warburtons signs new truck deal with Asset Alliance Group 
Bread giant Warburtons has signed a deal with commercial vehicle specialist Asset Alliance Group to supply 26 new tractor units. The new assets, which join a fleet of over 1,000 vehicles, will be based at Warburton’s sites in Bellshill, Wakefield, Nottingham, Bolton, and Enfield. Read More>>
Dublin-based VisionR secures deal with SPAR 
VisionR provides retailers with insights from the shop floor by aggregating previously inaccessible data to personalize the shopping experience and drive sales. In select Irish stores, SPAR retailers could perform actions using VisionR data at the promotional shelf-ends that yielded positive results. Read More>>
Mergers and Acquisitions
Central, Signa acquire Selfridges Group 
The companies have announced the completion of their acquisition of the luxury retailer Selfridges Group from the Weston family. The integration will also include Selfridges Group’s unrivaled e-commerce platforms, which attract millions of online visitors monthly and ship to over 130 countries worldwide. Read More>>
Reebok owner Authentic Brands Group strikes deal to acquire Ted Baker 
Authentic Brands Group has reached an agreement on the recommended acquisition of U.K. fashion company Ted Baker for around 211 million pounds (USD 255 Mn) in cash. The conglomerate believes there are “significant growth opportunities” for the brand in North America due to strong consumer recognition. Read More>>
Authentic Brands partners with Bianca Home to launch the Nautica home range in India  
Indian textile manufacturer Bianca Home has partnered with Authentic Brands Group, a brand development, marketing, and entertainment company, to manufacture and distribute Nautica Home products in India. Bianca Home plans to open 50 shops of Nautica Home pan-India and will sell products such as bedsheets, comforters, blankets, etc. Read More>>
Hudson’s Bay is teaming up with Mountain Equipment Co. 
The partnership provides Mountain Equipment Co. with a stronger brick-and-mortar presence in the Toronto area and online, while giving Hudson’s Bay access to the attractive outdoor recreation market. Read More>>
Executive Movement
Dollar General promotes John Garratt to President and Chief Financial Officer 
Garratt will retain his role as Chief Financial Officer, which includes oversight of the Company’s finance, accounting, strategy, and procurement functions. As President, Garratt will add responsibilities for the Company’s strategic initiative relating to healthcare and its international expansion to Mexico. Read More>>
PepsiCo’s Jon Banner joins McDonald’s as Chief Impact Officer 
Banner, who spent a decade at PepsiCo, will oversee sustainability & ESG, government relations and public policy, communications, and international corporate relations functions, as well as Ronald McDonald House Charities. He will report directly to CEO Chris Kempczinski and serve on McDonald’s global senior leadership team. Read More>>

Latest Industry Insights from Draup Braindesk

Strategic Key Focus Area
Hotel and Food Innovation Service
  • Campbell focuses on data analytics to advance farmer-led stewardship with Truterra, a data analytics tool to leverage farm data, and provides expert agronomy advice.  
  • Campbell has partnered with stores in New York to purchase one of the limited-edition candles and access the free Winter Warmup Guide, including arts & crafts, family-friendly recipes, and games that inspire imagination and transform any home into a winter wonderland.  
  • Campbell’s tomato soup goldfish continues to innovate and introduce new flavors; the fish-shaped crackers remain a staple in households (and lunch boxes) across America.  
  • Campbell Specially marked labels on select Campbell’s red and white condensed soup cans unlock classic songs covered by notable artists paired with Campbell’s recipes to inspire creativity in the kitchen.
Key Recommendation
Hybrid Cloud Solution
  • Campbell Soup focuses on cloud offerings to modernize its IT infrastructure for real-time access to company data and insight for the soup company’s employees, which increases flexibility and supports its round-the-clock digital infrastructure.  
  • Service providers with extensive experience in hybrid cloud offerings with their roadmap to reduce on-premises hosting requirements Campbell Soup through technology services.

Key Funding Alert

Sweden’s Ikea set to invest 5.3 bn yuan in China 
Ingka Group, the parent company of Swedish home furnishing retailer Ikea, will invest 5.3 billion yuan (around $772.9 million) in China in fiscal 2023. The investment capital is intended to expand business digitalization, create new stores and shopping malls, and integrate several distribution channels. Read More>>

Startup Spotlight

Company – MCaffeine
Total Funding – USD 37.5 Mn
About: MCaffeine is a personal care brand that offers caffeine-infused face, body, and hair care products. Its personal care product portfolio includes shampoos, face washes, shower gels, body lotions, and face masks, which use caffeine as a major ingredient. Read More>>

Latest Reports Published in Draup

Altria Group, Inc. Account Intelligence Report: 
Altria is eager to minimize its operational greenhouse gas emissions through the partnership with NextEra Energy Resources by utilizing its renewable electricity through Virtual Power Purchase Agreement (VPPA). It is keen on adopting proprietary biodegradable multisubstrate heated capsule technology to reduce the harmful effects of smoking. Read More>>
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