This week in Retail & Consumer Goods: Amazon joins alliance to establish COVID-19 testing

Mergers and Acquisitions
Ascena retail group sells Ann Taylor, LOFT, Lou & Grey and Lane Bryant to Premium Apparel LLC
They have committed to retaining a substantial portion of the retail stores, associates, and corporate operations affiliated with these brands. Read More>>
Alibaba eyes purchase of Bangladeshi food delivery firm HungryNaki

HungryNaki is the first on-demand food delivery company in Bangladesh serving more than 500,000 people per month. Read More>>

The Home Depot acquires HD Supply for USD 8 Bn
HD Supply, a distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets and The Home Depot will serve both existing and new MRO customers. Read More>>
Tiffany shareholders back LVMH takeover in end to long-drawn dispute
LVMH will pay $131.5 per share, down from $135 in the original deal signed late last year, ending the legal battle to force LVMH to honor the deal. Read More>>
Lactalis Canada to acquire Agropur’s Canadian yogurt business
The proposed transaction will expand Lactalis Canada’s yogurt portfolio of iconic brands that include Astro, siggi’s and Stonyfield. Read More>>
Ajinomoto Cambrooke, Inc. continues expansion with the Acquisition of Nualtra Ltd.
Nualtra adds expertise to Ajinomoto’s Cambrooke-led medical nutrition business and is Cambrooke’s fourth wholly owned subsidiary, all in Europe, while Nualtra’s team will remain unchanged. Read More>>

Partnership
Amazon, CVS Health, Thermo Fisher Scientific allies for employer-based COVID-19 testing
The Workplace Employers Alliance for COVID-19 Testing (WE ACT) aims to place a national testing strategy with guidance for testing programs and reporting. Read More>>
IKEA developer in UK social housing joint venture
Skanska and IKEA owned sustainable low-cost home provider, BoKlok UK announced a joint venture with affordable housing provider VIVID to deliver modular homes. They will see a joint approach to land, planning and the delivery of new modular homes. Read More>>
Kroger (KR)-Blackhawk alliance to boost shopping experience
Kroger’s partnership with Blackhawk Network allows customers to add gift cards, with their grocery articles, for pickup at 1,900 Kroger’s outlets. Read More>>
Progress and Ingram Micro’s alliance to bring IT management to Iberia
The partnership will enable customers to operate efficiently and effectively in the Iberian Peninsula, including Spain and Portugal. Read More>>

Mass Hiring
Kroger to hire 1,000 people to administer COVID-19 vaccines in their pharmacies
Kroger will hire people to administer coronavirus vaccines at the chain’s 2,200 pharmacies and 220 clinics. Read More>>

Executive Movement
L Brands appoints Julie Rosen as President of Bath & Body Works
Chris Cramer has been promoted to COO, Danielle Demko to Executive VP and GM of Bath & Body Works’ direct channel, George Arenschield to Executive VP, Merchandise, Planning and Allocation, and Ron Ford has been named Executive VP and Head of Stores and Sales. Read More>>
TFG London chief executive Ben Barnett will leave in June 2021, after 14 years at the retail group

Barnett will focus on his portfolio of non-executive and advisory roles in retail, technology and media that includes chair at All Good Things, chair at OneStock, and as non-executive director at Voice and Script International. Read More>>

Flipkart CEO Kalyan Krishnamurthy and HDFC CEO Keki Mistry will join the Flipkart board starting 2021
Among the exits are Steuart Walton from Walmart’s founding family. VP for Walmart Asia Dirk Van den Berghe will retire and exit Flipkart’s board. MakeMyTrip’s Rajesh Magow and independent director Rohit Bhagat have also exited. Bhagat will take over as the head of PhonePe’s newly constituted board. Read More>>
J.C. Penney starts search for new CEO as Jill Soltau to exit
Soltau will leave the company on Dec. 31 Chief Investment Officer of Simon Property Group Stanley Shashoua will serve as interim CEO starting 1st Jan 2021. Read More>>
Megan Britt to lead investor relations for Tyson Foods

Britt will oversee all aspects of investor relations, including shareholder communications, financial media relations and internet and intranet investor content. Read More>>
Chobani names new CFO and Business Development Leader

Finance executive Jody Macedonio will serve as CFO and will report to Chobani President & COO Peter McGuinness. Chobani also appointed veteran CNN correspondent Cristina Alesci to Chief Corporate Affairs Officer. Read More>>
Coty appoints Anna Adeola Makanju, Mariasun Aramburuzabala Larregui to board

Coty’s board became majority female (seven of the 13 Directors), while Coty’s Executive Committee, led by CEO Sue Nabi, is already female majority (three out of five members). Its Director Paul Michaels stepped down on December 18th. Read More>>
W.K. Kellogg CIO’s retirement sets the search for replacement

Joel Wittenberg had been the $7.8 Bn foundation’s chief investment officer and VP since 2009. Wittenberg spent nine years as the cereal purveyor’s VP and treasurer before joining the foundation. Read More>>

Headlines From The Startup World

Startup Spotlight

Latest Insights & Reports

Reckitt Benckiser account intelligence report: Reckitt Benckiser partnered with Amazon to develop auto replenishment technologies for essential items such as Enfamil infant formula, Finish dishwasher tablets, Move Free joint health supplements and Air Wick Essential Mist diffuser refills. Read more.

Henkel account intelligence report: Henkel AG & Co KGaA is engaged in producing a wide range of products from laundry and home care to beauty care and adhesive technologies. The company has operations in Western Europe, Eastern Europe, Africa/Middle East, North America, Latin America and Asia-Pacific. Read more.

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