I-Byte Retail and consumer goods Industry

Retail & Consumer Goods
September Edition
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1. Financial Updates.....................................................1
2.Solutions Updates....................................................23
3.Rewards and Recognition Updates........................28
4. Partnership Ecosystem Updates............................32
5. Miscellaneous Updates...........................................48
Table of Contents

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Financial, M&A Updates
Retail & Consumer Goods Industry

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01
Executive Commentary
Anta Sports 2019 Interim Results Exceed Expectations Revenue Increases 40% And Reaches
Rmb14.8 Billion While Profit From Operations Increases 58% And Reaches Rmb 4.2 Billion
• Revenue increased 40.3% to RMB 14.81 billion, in which ANTA brand’s revenue reached
RMB 7.59 billion, up 18.3%. FILA brand’s revenue reached RMB 6.54 billion, up 79.9%.
• Profit from operations increased 58.4% to RMB 4.26 billion, in which ANTA brand’s
profit from operations reached RMB 2.44 billion, up 42.1%. FILA brand’s profit from
operations reached RMB 1.89 billion, up 80.9%.
• Profit for the period grew by 53.5% to RMB 3.07 billion (without the effect of share of
loss of a joint venture), the fastest growth in the past six years.
• Profit attributable to equity shareholders is RMB 2.48 billion, up 27.7%, which attained
new heights, maintaining nearly 20% growth for the sixth consecutive year.
• Interim dividend is HK31 cents per ordinary share. Dividend payout ratio is 30.5% of
profit attributable to equity shareholders during the period.
Chairman of ANTA Sports, said,“In the first half of 2019, China’s sportswear industry has
shown resilience under the volatile market, maintaining healthy and stable development.
Although the sportswear industry has huge opportunities, the competition has also become
increasingly fierce. Chinese enterprises need to take action in order to break out of the
dilemma by constantly building up its own strengths through innovation and growth. Our
determination and sense of responsibility will support the growth of ANTA Sports and turn
us into a global brand to compete on the international platform. The evolution of Chinese
brands from ‘Made in China’ to ‘Created in China’ marks a milestone in winning
recognition from global consumers.”
For more details, please click the link below:
http://en.anta.com/news.php?k=52
Key Financial Highlights

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02
BRF Posts Net Income of BRL 191 Million In
The 2nd Quarter Of 2019
• Second quarter of 2019 with a profit of BRL 191 million. The robust result came from higher revenues
derived in the domestic and foreign markets, combined with stronger operating and commercial performance.
• The net operating income increase totaled BRL 8.3 billion, up 18% over the same period last year, while
adjusted EBITDA was at BRL 1.5 billion. The EBITDA margin, which measures BRF’s operating efficiency,
peaked at 18.6%, up 13.6 percentage points over the second quarter of 2018.
• The company’s indebtedness, measured by the ratio of EBITDA to net debt, was 3.74 times in the 2Q19 —
the goal for the end of 2019 is 3.15 times and, for the end of 2020, this indicator will be 2.65x,
approximately. BRF had its average debt maturity extended and has recently raised debentures worth BRL
750 million, maturing in 7 years. It then ended the quarter with an approximate cash position of BRL 7
billion, which is enough to cover the company’s financial obligations over the next two years.
• In the Brazil business, our net revenue rose 10.8% over the same period last year, reaching about BRL 4
billion. The company remained at the forefront in the domestic market, with 44.2% market share.
Internationally, net revenues were BRL 3.9 billion, 24% higher than in the 2Q18 — due to the good
performance in the Halal (Muslim) market, where the company is also a market leader, with 43% share.
“The second-quarter results show that we have been successfully honoring our commitments with
deleveraging, margin expansion, operational excellence and profitable growth. But this is only the first step
in the path we have designed for BRF for the next five years, so we will keep on meticulously executing
our strategic planning,” says BRF Global CEO.
https://imprensa.brf-global.com/en/news/brf-posts-net-income-of-brl-191-million-in-the-2nd-quarter-of-2019/

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03
Brown-Forman Reports First Quarter Results; Reaffirms
Full Year Growth Outlook for Fiscal 2020
• Underlying and reported net sales were flat, with broad-based geographic3 and portfolio contribution being
offset by the impact from tariffs and timing of customer orders:
• The United States grew underlying net sales 4% (+6% reported), emerging markets grew underlying net
sales 3% (+1% reported), and underlying net sales in our developed international markets declined 3% (-5%
reported)
• Underlying net sales for the Jack Daniel’s family of brands declined 1% (-1% reported), driven by a 4%
underlying net sales decline (-3% reported) in Jack Daniel’s Tennessee Whiskey
• Premium bourbons grew underlying net sales 16% (+23% reported), including 15% underlying net sales
growth from Woodford Reserve (+22% reported)
• Herradura grew underlying net sales 22% (+22% reported) while el Jimador grew underlying net sales 10%
(flat reported)
• Declining gross margins, down 330 bps, were affected by tariffs and rising input costs
• Underlying operating income declined 8% (-6% reported) and diluted earnings per share declined 6% to
$0.39
The company’s President and Chief Executive Officer, said, “Our first quarter results came in largely as
anticipated considering the year-over-year drag from tariffs and timing of customer orders. Our takeaway
trends3 remain healthy in most of our major markets globally, with particularly improving trends in the
United States, our largest market. We believe we remain on track to deliver another year of solid underlying
net sales and underlying operating income growth driven by the Jack Daniel’s family of brands. This
includes the benefit we expect from the launch of Jack Daniel’s Tennessee Apple beginning in October, as
well as the continued strength of our portfolio of premium bourbons and tequilas.”
https://investors.brown-forman.com/file/Index?KeyFile=399373808

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04
George Weston Limited Reports Second
Quarter 2019 Results
• Sales Weston Foods sales in the second quarter of 2019 were $479 million, an increase of
$11 million, or 2.4%, compared to the same period in 2018.
• Operating Income Weston Foods operating income in the second quarter of 2019 was $12
million, a decrease of $8 million, or 40.0%, compared to the same period in 2018.
• Adjusted EBITDA Weston Foods adjusted EBITDA(1) in the second quarter of 2019 was
$49 million, an increase of $2 million, or 4.3%, compared to the same period in 2018.
• Weston Foods adjusted EBITDA margin(1) in the second quarter of 2019 increased to
10.2% compared to 10.0% in the same period in 2018. Normalized for the favourable impact
of IFRS 16, adjusted EBITDA margin(1) declined by 40 basis points to 9.6% in the second
quarter of 2019.
• Depreciation and Amortization Weston Foods depreciation and amortization in the second
quarter of 2019 was $35 million, an increase of $7 million compared to the same period in
2018.
Chairman and Chief Executive Officer, George Weston Limited, commented that "George
Weston's operating businesses continued to perform well in the second quarter. Loblaw
delivered on its financial plan and is in a disciplined investment phase. Choice Properties
delivered solid operating and financial results and further strengthened its balance sheet.
And Weston Foods continues to stabilize with results on plan for the quarter."
http://weston.mediaroom.com/2019-07-26-George-Weston-Limited-Reports-Second-Quarter-2019-Results-2

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05
Givaudan Group Reports 2019 Half year results
• The gross profit increased by 7.8% from CHF 1,182 million in 2018 to CHF 1,274 million in 2019. Despite
continued productivity gains and cost discipline, the gross margin declined to 41.2% in 2019 compared to
44.2% in 2018. This was mainly due to the impact of higher input costs, and the lower margin of Naturex
• The EBITDA increased by 9.9% to CHF 660 million from CHF 601 million for the same period in 2018,
whilst the EBITDA margin was 21.3% in 2019 compared to 22.5% in 2018. On a comparable basis, the
EBITDA margin was 22.3% in 2019 compared to 23.4% in 2018.
• The operating income was stable at CHF 491 million, compared to CHF 489 million in 2018. When
measured in local currency terms, the operating income increased by 2.3%. The operating margin decreased
to 15.9% in 2019 from 18.3% in 2018.
• The net income for the first six months of 2019 was CHF 380 million compared to CHF 371 million in
2018, an increase of 2.3%, resulting in a net profit margin of 12.3% versus 13.9% in 2018. Basic earnings per
share were CHF 41.24 versus CHF 40.26 for the same period in 2018.
• Givaudan delivered an operating cash flow of CHF 271 million for the first six months of 2019, compared
to CHF 269 million in 2018.
• Net Working capital was relatively stable at 27.3% of sales compared to 28.7% in 2018.
• Total net investments in property, plant and equipment were CHF 77 million, compared to CHF 122 million
in 2018
“Our strong performance for the first half of 2019 confirms the resilience of our business and our ability to
consistently deliver industry leading financial performance,” said CEO. “I am very pleased with our results
and with the continued progress we have made in delivering against our strategic goals under the 2020
strategy.”
https://www.givaudan.com/media/media-releases/2019/2019-half-year-results

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06
ICA Gruppen interim report Q2 2019
• Consolidated net sales amounted to SEK 30,529 million (29,258), an increase of 4.3%
• Operating profit excluding items affecting comparability was SEK 1,365 million (1,041).
Recalculated according to IFRS 16, operating profit for the comparison period in 2018 was
SEK 1,077 million
• Consolidated operating profit excluding items affecting comparability includes an estimated
positive calendar effect of SEK 38 million for the Easter holiday
• Profit for the period, affected by, among other things, higher tax costs, was SEK 520 million
(935)
• Profit includes capital losses on sales of non-current assets and impairment losses totalling
SEK -390 million net (-90), of which SEK -382 million pertains to the sale of Hemtex
• Earnings per share were SEK 2.56 (4.62)
• Cash flow from operating activities amounted to SEK 3,068 million (2,755). Excluding ICA
Bank, cash flow was SEK 3,047 million (2,188)
Comment from CEO“Also in the second quarter of the year we had good earnings
performance in the Group and good sales growth, with a continued high pace of growth in our
e-commerce business. An additional piece of the puzzle also fell into place with our sale of
Hemtex in May. During the quarter we decided on a new, long-term fuel strategy, which is an
important part of our ongoing sustainability work. Our process of change is continuing at a
fast pace so that we can meet the high demands and expectations of our customers.”
https://www.icagruppen.se/en/media/#!/press-releases/lb//en/archive/press-archive/2019/ica-gruppen-interim-report-q2-2019/

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07
Keurig Dr Pepper Reports Strong Q2 2019 Results
• Net sales increased to $2.81 billion in the second quarter of 2019, compared to $0.95 billion in the
year-ago quarter, primarily reflecting the impact of the merger.
• Operating income increased to $587 million in the second quarter of 2019, compared to $167
million in the year-ago period, primarily reflecting the impact of the merger, partially offset by the
unfavorable year-over-year impact of items affecting comparability.
• Adjusted operating income advanced approximately 10% to $702 million in the second quarter of
2019, compared to Adjusted pro forma operating income of $640 million in the year-ago period.
• Net income increased to $314 million in the second quarter of 2019, compared to $83 million in the
year-ago period.
• Adjusted net income advanced approximately 19% to $423 million in the second quarter of 2019,
compared to Adjusted pro forma net income of $356 million in the year-ago period.
• Strong free cash flow generation resulting from the Company's growth in operating profit and
ongoing effective working capital management enabled KDP to reduce its outstanding debt by $303
million in the quarter.
Commenting on the announcement,Chairman and CEO stated, "Our strong quarterly results cap an
outstanding first year. Our team has executed well across the board, integrating two companies into
one seamless total beverage organization, gaining or maintaining market share across the majority of
our portfolio and delivering the bold financial commitments communicated at the time of the merger
announcement. Looking ahead, we remain confident in the delivery of our long-term value creation
framework."
http://news.keurigdrpepper.com/2019-08-08-Keurig-Dr-Pepper-Reports-Strong-Q2-2019-Results

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08
Kraft Heinz Reports Preliminary Financial Results
for the First Half Of 2019
• Net sales were $12.4 billion, down 4.8 percent versus the year-ago period, including an
unfavorable 2.6 percentage point impact from currency and a net 0.7 percentage point
negative impact from acquisitions and divestitures.
• Net income attributable to common shareholders decreased to $854 million and diluted EPS
decreased to $0.70, primarily reflecting a $0.89 negative impact from non-cash impairment
charges, as well as lower Adjusted EBITDA.
• Adjusted EBITDA decreased 19.3 percent versus the year-ago period to $3.0 billion,
including a negative 3.3 percentage point impact from currency.
• The Company recorded non-cash impairment charges(3) of approximately $474 million to
lower the carrying amount of certain intangible assets, primarily driven by the application of
a higher discount rate to reflect the markets' perceived risk in the Company's valuation.
“The level of decline we experienced in the first half of this year is nothing we should find
acceptable moving forward," said Kraft Heinz CEO. "We have significant work ahead of us to
set our strategic priorities and change the trajectory of our business. But in my short time with
the company, I have developed a strong appreciation for the affinity consumers around the
world continue to have for our brands, the talent and determination of our employees, as well
as the commitment of our customers. We have a lot to work with and build upon, and our team
is motivated by the opportunity to drive the next phase of growth and profitability for Kraft
Heinz and our shareholders."
https://news.kraftheinzcompany.com/press-release/financial/kraft-heinz-reports-preliminary-financial-results-first-half-2019’

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09
Target Reports Second Quarter 2019 Earnings
• Total revenue of $18.4 billion increased 3.6 percent from $17.8 billion last year, reflecting sales growth
combined with a 6.3 percent increase in other revenue.
• Second quarter sales growth of 3.6 percent reflected comparable sales growth of 3.4 percent combined with
the contribution from non-mature stores. Comparable digital sales grew 34 percent, contributing 1.8
percentage points to comparable sales growth.
• Operating income was $1,324 million in second quarter 2019, up 16.9 percent from $1,133 million in 2018.
• Second quarter operating income margin rate was 7.2 percent in 2019, compared with 6.4 percent in 2018.
• Second quarter gross margin rate was 30.6 percent, compared with 30.3 percent in 2018, reflecting the
benefit of merchandising efforts to optimize costs, pricing, promotions and assortment, combined with the
benefit of favorable category sales mix.
• Second quarter SG&A expense rate was 21.2 percent in 2019, compared with 21.7 percent in 2018.
Chairman and CEO of Target said “We are really pleased with our second quarter performance, which
demonstrates the strength of our strategy and the durable financial model we’ve built over the last several
years. By appealing to shoppers through a compelling assortment, a suite of convenience-driven fulfillment
options, competitive prices and an enjoyable shopping experience, we’re increasing Target’s relevancy and
deepening the relationship between our guests and our brand. Traffic and sales continue to grow while our
EPS reached an all-time high, driven by the strength of our team’s execution and their focus on delivering for
our guests. Because of our outstanding performance in the first half of the year and our confidence moving
forward, we are increasing our guidance for full-year earnings per share.”
https://corporate.target.com/press/releases/2019/08/Target-Reports-Second-Quarter-2019-Earnings

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10
Ulta Beauty Announces Second Quarter Fiscal 2019 Results
• Net sales increased 12.0% to $1,666.6 million compared to $1,488.2 million in the second quarter of fiscal 2018;
• Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 6.2% compared to an increase of 6.5%
in the second quarter of fiscal 2018. The 6.2% comparable sales increase was driven by 5.4% transaction growth and 0.8% growth
in average ticket;
• Gross profit as a percentage of net sales increased 40 basis points to 36.4% compared to 36.0% in the second quarter of fiscal
2018, primarily due to improvement in merchandise margins driven by our marketing and merchandising strategies and leverage of
fixed store costs, partially offset by investments in our salon services;
• Selling, general and administrative (SG&A) expenses as a percentage of net sales increased 90 basis points to 23.6% compared to
22.7% in the second quarter of fiscal 2018, primarily due to deleverage of corporate overhead related to investments in growth
initiatives and store labor;
• Pre-opening expenses increased to $5.0 million compared to $4.5 million in the second quarter of fiscal 2018. Real estate activity
in the second quarter of fiscal 2019 included 20 new stores, eight remodels, and four relocations, compared to 19 new stores, seven
remodels, and one relocation in the second quarter of fiscal 2018;
• Operating income increased 7.3% to $208.0 million, or 12.5% of net sales, compared to $193.8 million, or 13.0% of net sales, in
the second quarter of fiscal 2018;
• Tax rate decreased to 23.1% compared to 23.9% in the second quarter of fiscal 2018. The lower effective tax rate is primarily due
to an increase in federal income tax credits;
• Net income increased 8.7% to $161.3 million compared to $148.3 million in the second quarter of fiscal 2018; and
• Diluted earnings per share increased 12.2% to $2.76, which included a $0.04 benefit primarily due to an increase in federal income
tax credits, compared to $2.46 in the second quarter of fiscal 2018, which included a $0.02 benefit due to income tax accounting for
share-based compensation.
“The Ulta Beauty team delivered another quarter of solid top-line performance, gross margin expansion, and double-digit earnings
growth,” said Chief Executive Officer. “Looking forward, we have updated our fiscal 2019 outlook to reflect the headwinds we are
currently seeing in the US cosmetics market. We remain confident that our guest-centric, differentiated business model will drive
continued market share gains and strong returns for our shareholders over the long term.”
http://ir.ultabeauty.com/news-releases/news-release-details/2019/Ulta-Beauty-Announces-Second-Quarter-Fiscal-2019-Results/default.aspx

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11
Vipshop Reports Unaudited Second Quarter 2019
Financial Results
• Total net revenue for the second quarter of 2019 increased by 9.7% year over year to RMB22.7 billion
(US$3.3 billion) from RMB20.7 billion in the prior year period.
• GMV[1] for the second quarter of 2019 increased by 11% year over year to RMB35.1 billion from RMB31.6
billion in the prior year period.
• Gross profit for the second quarter of 2019 increased by 25.9% year over year to RMB5.1 billion (US$741.3
million) from RMB4.0 billion in the prior year period.
• Net income attributable to Vipshop's shareholders for the second quarter of 2019 increased by 19.3% year
over year to RMB813.5 million (US$118.5 million) from RMB681.6 million in the prior year period.
• Non-GAAP net income attributable to Vipshop'sshareholders[2] for the second quarter of 2019 increased by
84.2% year over year to RMB1.1 billion (US$154.8 million) from RMB576.9 million in the prior year period.
• The number of active customers[3] for the second quarter of 2019 increased by 11% year over year to 33.1
million from 29.8 million in the prior year period.
• Total orders[4] for the second quarter of 2019 increased by 33% year over year to 147.8 million from 111.3
million in the prior year period.
Chairman and Chief Executive Officer of Vipshop, stated, "We are delighted to have finished the second
quarter of 2019 with strong operational and financial results. During the quarter, we continued to demonstrate
healthy growth momentum in our total active customers, which increased by 11% year over year. In addition,
we recently announced our strategic acquisition of Shan Shan Outlets, aiming to further enhance our
ecosystem and explore opportunities in online-and-offline integration. Since we refocused on discount apparel
and our profitability, we have seen substantial improvement in our financial results and key operating metrics,
proving our strategy is very effective. We remain committed to executing on our merchandising strategy and
further expanding our market share in China's discount apparel sector. We are confident that we can continue
to deliver steady profitability improvement in the future."
http://ir.vip.com/news-releases/news-release-details/vipshop-reports-unaudited-second-quarter-2019-financial-results

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12
Beiersdorf successfully completes acquisition of Coppertone
Beiersdorf has successfully completed the acquisition of the iconic sun care brand
Coppertone. Effective August 30, 2019, Coppertone’s global operations will be transferred
from Bayer to Beiersdorf. The approximately 450 employees of the Coppertone business in
the United States, Canada and China – including Sales, Marketing and Research &
Development – as well as the production center in Cleveland, Tennessee (USA), will also join
Beiersdorf on August 30, 2019. The closing is taking place just 16 weeks after the
announcement of the planned transaction on May 13, 2019, for a purchase price of 550 million
U.S. dollars.Sun protection has been a major pillar of Beiersdorf’s skin care business for more
than 80 years. As a result of the acquisition, the company will bring together three of the
world’s top sun care brands under one roof: NIVEA Sun, the world’s No. 1 sun care brand*;
Eucerin, the dermocosmetic brand providing tailored sun protection to individual skin needs;
and Coppertone, the world’s No. 5 and most well-known sun protection brand in the United
States.
“Official closing of the Coppertone transaction marks an important milestone in the
implementation of our C.A.R.E.+ strategy,” said Chief Executive Officer of Beiersdorf. “We
are significantly investing in our core business skin care. With this acquisition we are gaining
access to the world’s largest sun protection market – the United States. We are convinced that
this step will enable us to significantly accelerate our growth and presence particularly in
North America.”
https://www.beiersdorf.com/newsroom/press-releases/all-press-releases/2019/08/30-beiersdorf-successfully-completes-acquisition-of-coppertone
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13
Green light for Twisp acquisition to further drive BAT’s stra-
tegic New Category growth
British American Tobacco is pleased to announce it has received approval from the South
African Competition Commission for the acquisition of Twisp, a leading South African vaping
products company. The transaction is expected to complete in early Q4 2019.Twisp is the
largest, multi-channel distributor of vaping products and flavours in South Africa. It has close
to 70 dedicated stores nationally in prime locations, nationwide retailer distribution and a
modern e-commerce platform, and has become the number one destination for adult
consumers looking for potentially reduced-risk products in South Africa.BAT leads the vaping
category in Europe and has a strong presence in the US. This acquisition allows BAT to
expand its geographical presence in a key market with Twisp’s portfolio of innovative
potentially reduced-risk products. It also expands BAT’s existing consumer engagement
strategy through ownership of an increasing retail footprint. Twisp’s retail outlets will increase
BAT’s existing retail footprint of 110 outlets in the UK, around 100 outlets in Germany, and
636 outlets in Poland.
Chief Marketing Officer, British American Tobacco, said: “Twisp in South Africa brilliantly
complements our well-developed existing New Category retail footprint in Poland, the UK
and Germany. This footprint is of strategic importance to our future; allowing us to develop
direct-to-consumer relationships, gain substantial consumer insight and the ability to fast pilot
and test new product lines from our New Category brands.
https://www.bat.com/group/sites/UK__9D9KCY.nsf/vwPagesWebLive/DOBF2J6G
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14
Givaudan acquires Fragrance Oils
Givaudan, the global leader in flavours and fragrances, announced that it has
acquired Fragrance Oils to strengthen its leading position in the fast growing local
and regional customer market. Founded in 1967, Fragrance Oils is a leading
British-based manufacturer and marketer of innovative speciality fragrances for
fine fragrances, personal and home care applications. Their state-of-the-art
manufacturing facility in Radcliffe, UK, employs over 250 employees and sells its
products in more than 90 countries, in particular in high growth export markets.
CEO of Givaudan said: “The acquisition of Fragrance Oils is another step in
expanding our capabilities in serving local and regional customers. Following our
earlier acquisition of Expressions Parfumées, it fits perfectly with our 2020
ambition to assert our leadership position in this customer segment, as well as
leveraging the strong presence of Fragrance Oils in high growth markets. We are
delighted to welcome the Fragrance Oils employees into the Givaudan family and
are convinced that their know-how, talent and operations capabilities will greatly
contribute to our common future success.”
https://www.givaudan.com/media/media-releases/2019/givaudan-acquires-fragrance-oils
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Givaudan completes acquisition of Vietnamese flavour
company Golden Frog
Givaudan, the global leader in fragrances and flavours, announced it has
completed the acquisition of Golden Frog, a Vietnamese flavour company.
Givaudan had announced that it had reached an agreement to acquire the company
in May 2019. Golden Frog manufactures natural flavours, extracts and essential
oils for the food and beverage industry. It offers a wide range of natural
ingredients including herbs, spices, fruit and vegetable extracts and essential oils
from the great biodiversity of Vietnam. With headquarters and manufacturing
facilities in the Ho Chi Minh area, Golden Frog employs 156 people and caters to
the needs of the ASEAN markets.
President of Givaudan’s Flavour Division said: “we are delighted to welcome
Golden Frog employees to the Givaudan family and provide our joint customers
with an expanded offering of natural solutions. This acquisition supports us in
further growing our leadership in the Naturals space while strengthening our
global and regional presence.”
https://www.givaudan.com/media/media-releases/2019/acquisition-golden-frog-completed
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16
Givaudan completes the acquisition of Drom
Givaudan, the global leader in flavours and fragrances, announced that it has
completed the acquisition of Drom. Givaudan had announced that it had reached
an agreement to acquire the company in July 2019. Founded in 1911, Drom is a
global perfume house creating fragrances for consumer products and fine
fragrance customers across the world. Drom is headquartered near Munich in
Germany and has manufacturing facilities in China, the USA and Brazil. The
company employs 489 people globally.
CEO of Givaudan said: “It is a very exciting day for Givaudan as we welcome
Drom into the Givaudan family. The acquisition of Drom further asserts our
leadership position in the fragrance market globally and is fully in line with our
strategic ambitions. Like Givaudan, Drom has a long heritage in fragrance creation
and their capabilities and strong culture will fit perfectly with ours. We are
confident that our combined capabilities will deliver a compelling valuable
proposition for our customers across segments and in key markets.”
https://www.givaudan.com/media/media-releases/2019/acquisition-drom-completed
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17
Intact Financial Corporation to acquire leading specialty insurer
The Guarantee Company of North America and Frank Cowan
Intact Financial Corporation announced that it has entered into a definitive agreement with
Princeton Holdings Limited ("Princeton Holdings") to acquire The Guarantee Company of
North America ("The Guarantee"), a specialty lines insurer in Canada and the U.S., and Frank
Cowan Company Limited ("Frank Cowan"), a managing general agent ("MGA") focused on
specialty insurance for a cash consideration of approximately $1 billion. The transaction is
expected to close in the fourth quarter of 2019, subject to regulatory approvals. In Canada, the
acquisition bolsters Intact's position and adds new products for the high net worth customer
segment. It meaningfully advances Intact's North American specialty lines platform
solidifying prominent positions in public entity and surety. The transaction will also contribute
to additional distribution-related earnings.
"The acquisition of The Guarantee Company of North America and Frank Cowan Company is
strongly aligned with our strategic and financial objectives," said Chief Executive Officer,
Intact Financial Corporation. "We are delivering on our objectives to grow in Canada and
build a leading North American specialty platform. I'm enthusiastic about what we will
accomplish by leveraging the combined expertise of our teams and our expanded offering."
https://www.intactfc.com/English/newsroom/press-releases/press-release-details/2019/Intact-Financial-Corporation-to-acquire-leading-specialty-insurer-The-Guarantee-Company-of-North-America-and-Frank-Cowan-Company-Limited/default.aspx
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Luxottica finalizes the acquisition of Barberini S.P.A. in Italy
August 30, 2019 – Luxottica Group S.p.A., a leader in the design, manufacture and
distribution of fashion, luxury and sports eyewear, completes the acquisition of
Barberini S.p.A., the world's leading optical glass sun lens manufacturer. The
acquisition allows the Group to strengthen its "made in Italy" production and its
know-how in glass sun and prescription lenses, always considered a success factor for
the iconic models of Ray-Ban and Persol. Luxottica adds to its excellent manufacturing
presence in Italy the Barberini industrial site in Abruzzo (Italy). Luxottica will invest in
Barberini to create a worldwide brand synonymous with excellence in highquality
optical glass lenses. Barberini will continue to operate with all eyewear producers that
want to differentiate their products by adding the uniqueness of optical glass to their
lenses.
“I see a future of success for Barberini not only as a supplier of the most important
eyewear manufacturers, but also as a commercial brand that consumers can buy from
the best opticians around the world. We welcome Barberini’s employees to our family”,
commentsExecutive Chairman of Luxottica.
http://www.luxottica.com/en/luxottica-finalizes-acquisition-barberini-spa-italy
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Pernod Ricard to Acquire Castle Brands for $223 million
Pernod Ricard and Castle Brands Inc. announced that they have entered into a definitive
agreement under which Pernod Ricard, through a subsidiary, will acquire all of the
outstanding common stock of Castle Brands for $1.27 per share in cash, or approximately
$223 million, plus the assumption of debt, through a cash tender offer followed by a merger.
Under the terms of the merger agreement, which has been unanimously approved by the
Castle Brands Board of Directors, Castle Brands shareholders will receive $1.27 in cash for
each outstanding share of Castle Brands common stock they own, representing a 92%
premium to Castle Brands’ closing share price on August 27, 2019, and a 109% premium to
the 30-day volume weighted average share price through such date.
Chairman and Chief Executive Officer of Pernod Ricard, stated, “Through this acquisition we
welcome this great brand portfolio, in particular, Jefferson’s bourbon whiskey, to the Pernod
Ricard family. Bourbon is a key category in the US which is our single most important market.
This deal aligns well with our consumer-centric strategy to offer our consumers the broadest
line-up of high-quality premium brands. As with our American whiskies Smooth Ambler,
Rabbit Hole and TX, we would provide Jefferson’s a strong route to market and secure its
long-term development, while remaining true to its authentic and innovative character.”
https://www.pernod-ricard.com/en/media/press-releases/pernod-ricard-acquire-castle-brands-223-million/
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Sysco Acquires J. Kings Food Service Professionals
Sysco Corporation, the leading global foodservice distribution company, announced it
has acquired J. Kings Food Service Professionals, a New York broadline distributor
with approximately $150 million in annual sales. J. Kings Food Service Professionals,
headquartered in Holtsville, New York, was founded by John King more than 45 years
ago. Today, the company has grown to one of the leading independent broadline
distributors in the New York area, also servicing customers in Connecticut and New
Jersey. The majority of the company’s customers are independent restaurant operators,
but the company also serves institutional, retail and multi-unit customers.
“J. Kings is a well-respected, New York area broadline distributor, and we are happy to
welcome them into the Sysco family of businesses,” said Sysco’s executive vice
president, U.S. foodservice operations. “As Sysco continues to focus on M & A as part
of our strategic growth plan, we believe J. Kings, with its strong local presence,
combined with Sysco’s scale and depth, will provide our customers with even more of
what they need to be successful in the competitive New York area market.”
http://investors.sysco.com/annual-reports-and-sec-filings/news-releases/2019/08-12-2019-220024667
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Tyson Ventures Invests in New Wave Foods
Tyson Foods, Inc., through its corporate venture subsidiary, Tyson
Ventures, has completed an investment in New Wave Foods®. Based in
San Francisco, New Wave Foods is focused on producing plant-based
shellfish and plans to have a shrimp alternative ready for food service
operators in early 2020.Tyson Ventures was launched in December 2016
and is focused on investing in promising entrepreneurial food businesses
that are pioneering new products or technology.
“We’re excited about this investment in the fast-growing segment of the
plant-based protein market,” said president of Tyson Ventures. “This
continues our focus of identifying and investing in companies with
disruptive products and breakthrough technologies related to our core
business so we can continue to serve a growing global population.”
https://www.tysonfoods.com/news/news-releases/2019/9/tyson-ventures-invests-new-wave-foods
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World Fuel Services Corporation to Acquire Universal
Weather and Aviation’s UVair® Fuel Business
World Fuel Services Corporation announced that a wholly-owned subsidiary of the
company has signed a definitive agreement with Universal Weather and Aviation, Inc.
(“Universal”) to acquire Universal’s UVair® fuel business. The total purchase price of
approximately $170 million, a portion of which is payable over three years, will be
funded through cash-on-hand and liquidity available through the company’s existing
unsecured credit facility. UVair, headquartered in Houston, Texas, serves business and
general aviation customers at more than 5,000 locations worldwide. While Universal
will maintain its international trip planning services business, the agreement to purchase
the UVair® fuel business also includes an agreement for Universal to work exclusively
with World Fuel to provide fuel supply to their customers.
“We are excited to announce this strategic acquisition, which will further enhance our
global business and general aviation fuel platform,” stated Chairman and chief
executive officer of World Fuel Services Corporation. “We look forward to welcoming
UVair’s fuel customers and providing them and Universal’s international trip planning
customers with access to our best-in-class global fuel supply network.”
https://ir.wfscorp.com/news-releases/news-release-details/world-fuel-services-corporation-acquire-universal-weather-and
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Hershey Solutions Online Portal Adds Product Ordering To Help
Convenience Store Retailers Maximize Sales And Profits
The Hershey Company celebrating 125 years as a category management and
snacks leader, is offering a new time-saving and profit-building tool for
retailers through its Hershey Solutions online portal. The site, launched in
2018, allows convenience store decision makers to quickly capitalize on new
product launches and shopper trends. Beginning this summer, registered
retailers are now able to increase product speed to shelf with the time-saving
capability to place orders.Hershey Solutions is available to all retailers
24-hours a day, 7 days a week as a go-to resource for the latest
insights-focused planograms and promotional program offerings. The tool
also gives retailers access to expert merchandising strategies and shopper
insights—anytime, anywhere and from any Internet-connected device. For
contracted retailers, Hershey Solutions provides current updates to their
Retailer Rewards rebate status as well as identifies compliance gaps with the
click of a mouse or tap of a screen. And, with the addition of the new online
ordering capability, registered Retailer Rewards program visitors now have
the ability to act immediately on these compliance voids.
https://www.thehersheycompany.com/content/corporate_SSF/en_us/news-detail.html?13876
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Rakuten Wallet Launches Spot Trading Services
for Crypto Assets
Rakuten Wallet, Inc., a consolidated subsidiary of Rakuten Group and operator of
a crypto asset (virtual currency) exchange business, announced that it has
launched a spot trading service for crypto assets in which users can conduct spot
trading of crypto assets through a dedicated smartphone app*1. The app will
initially be released on Android, with an iOS version due to be released at a later
date. In order to provide customers with safe and secure crypto asset transaction
services, Rakuten Wallet separates money deposited by customers (customer
assets) from the company's own funds, managing the assets (trust maintenance) in
trust accounts provided by Rakuten Trust Co., Ltd., the trust company of Rakuten
Group. Rakuten Trust manages those trust assets through Rakuten Bank, Ltd.
savings accounts.Additionally, a number of security methods have been
implemented to ensure the safety of customers’ assets. All crypto assets owned by
customers are stored in an environment isolated from the internet, known as the
"cold wallet," and private keys are managed through a multisignature scheme.
Two-step authentication is also required when logging in, withdrawing money and
withdrawing assets.
https://global.rakuten.com/corp/news/press/2019/0819_02.html?year=2019&month=8&category=corp%20ec%20fintech%20mobile
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X5 introduces digital self-checkout
X5 Retail Group, a leading Russian food retailer, has designed a next generation
self-checkout solution at its innovation lab. This is the first hardware and software
product that X5 created all by itself, and the Company has already installed 67
devices at 11 Pyaterochka stores. Compared to similar self-service systems, X5's
machines cost less to mass-produce while offering superior functionality. The next
generation self-checkout terminals feature the latest technologies: a high-quality
22.5" Full HD multi-touch screen, larger-sized 2D scanner that promptly reads any
barcode type, stereo speakers and a microphone for sound-based applications and
voice services, and a 3D camera. The self-checkout machines are not equipped
with banknote acceptors, meaning they do not require encashment services and
they make purchases faster thanks to cashless payments. The design of the new
generation self-checkout is based on similar machines at fast food chains, which
have become a staple for the Russian consumer. Servicing and maintaining the
device is considerably cheaper than third-party solutions, as it uses the same
proprietary checkout software that is found in the hundreds of thousands of
traditional checkouts operating at X5 stores.
https://www.x5.ru/en/Pages/Media/News/280819.aspx
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X5 pilots electronic shelf labelling system in Pyaterochka
stores
X5 Retail Group, a leading Russian food retailer, launched a pilot project
to test electronic shelf labelling in Pyaterochka stores. The new
technology aims to prevent erroneous labelling and boost NPS. The
current stage of the project has been rolled out in Dolgoprudny, where
seven Pyaterochka stores were equipped with 58,000 electronic shelf
labels covering nearly 100% of the assortment (with the exception of a
small number of promo goods placed off the store shelves). The
electronic paper technology used for the labels is effectively a display
with three colours: white, black, and red (used for promotions). The
labels are updated automatically and autonomously, with price and
product information adjusted online via a radio channel. The labels are
energy efficient and can last up to five years on a single battery. The
software solution is integrated in X5's existing store IT architecture and it
is possible to update the entire data set in just a few minutes.
https://www.x5.ru/en/Pages/Media/News/020919.aspx
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Rakuten Mobile to Launch New Mobile Operator Service
Rakuten Mobile, Inc. announced the launch of its new mobile
operator service with the opening of applications on October 1 for
a “Free Supporter Program” that will offer voice and data services
free of charge. The initial wave of the Free Supporter Program
will be open to 5,000 subscribers and will be expanded in waves
to welcome tens of thousands of users to the new
network.Rakuten Mobile will launch the world’s first end-to-end
fully virtualized, cloud-native network. In order to ensure the
stability and quality of its service for customers and continue to
improve the network based on customer feedback and requests,
the company will initially open applications to 5,000 subscribers
free of charge through the Free Supporter Program.
https://global.rakuten.com/corp/news/press/2019/0906_02.html?year=2019&month=9&category=mobile
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CP Foods’ subsidiary wins its third Prime Minister’s Export
Award 2019
International Pet Food Company Limited (IPF), a subsidiary of
Charoen Pokphand Foods PCL. (CP Foods) and producer of premium
pet food JerHigh, received Prime Minister’s Export Award 2019 on
Best Exporter category.The prestigious PM Awards are given by Thai
government to the entrepreneurs that promote outstanding quality of
Thai products across the world. This is the third time that IPF
received such an honor. The company won the awards on “Best Thai
Brand” and “Best Green Innovation Award” from Prime Minister's
Export Award 2014 and 2017 respectively. At the global competition,
the company’s JerHigh received “Brand of the Year 2017-2018” in
Treats – Natural category from World Branding Awards hosted by
World Branding Forum (WBF). JerHigh is the first and only Thai dog
food brand to won the award.
https://www.cpfworldwide.com/en/media-center/1158
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CP Foods bagged 20 outstanding Awards for Safety,
Occupational Health and Work Environment 2019
CP Foods’ received a total of 20 outstanding awards for Safety,
Occupational Health and Work Environment from Department of
Labour Protection and Welfare, Ministry of Labour. The national
awards are given annually to workplaces with exceptional safety
performance as well as having clear and proactive measures to
prevent accident in operations. Labor Protection and Welfare
Department Director General WiwatTanhong presented the
awards to 18 CP Foods’ operations, including 9 feed mills, 2 food
processing plants as well as 7 farms and shrimp hatchery
facilities. In addition, the company also won 2 outstanding safety
officer awards from Tha Bon shrimp hatchery and Then Kasem
feed mill.
https://www.cpfworldwide.com/en/media-center/1162
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Colruyt is the first Belgian supermarket to test automatic
fruit and vegetable recognition
Colruyt Lowest Prices is the first Belgian supermarket to test
automatic product recognition. In the store at Kortrijk, fruit and
vegetables are automatically recognised at the checkout by means
of artificial intelligence. In collaboration with Robovision, a smart
camera was developed and installed above the scales immediately
determining the product concerned. This test takes Colruyt
another step ahead in digital progress. For three months,
co-workers and customers of the Colruyt store in Kortrijk will
work together to find out how this technology can reduce time
and increase efficiency at the checkout.
https://www.colruytgroup.com/wps/portal/cg/en/home/press/press-releases/first-belgian-supermarket-to-test-automatic-recognition
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Strawberry Pandowdy earns top prize in 2019
Neighborhood to Nation Recipe Contest
General Mills Foodservice announces that Kevin Brown, executive chef
of SELECT Restaurant in Spartanburg, South Carolina, is the Grand
Prize Winner in the 5th Annual Neighborhood to Nation Recipe Contest,
which celebrates independent family or “neighborhood” restaurants and
food trucks and the one-of-a-kind dishes that reflect their local flavor. A
team from General Mills, including the Pillsbury Doughboy, surprised
Brown with the news during a celebratory event at SELECT on Saturday.
As the Grand Prize Recipe Winner, Brown receives a total of $10,000 in
cash and $2,000 to share with a local charity as well as a three-day trip
for two to the 2019 New York City Wine & Food Festival, the premier
food and wine event that celebrates America’s favorite foods. His
award-winning Strawberry Pandowdy combines Pillsbury Southern Style
Easy Split Frozen Dough Biscuits, broken into pieces, with a creamy,
sweet strawberry mixture that is baked and served warm in a small
skillet, adorned with vanilla bean ice cream. The contest judges raved
that the dessert was “an authentic signature item,” “very unique” with
“fantastic aroma” and “lovely flavor,” among other accolades.
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Colgate India partners with Robin Hood Army for #Mission5 this
Independence Day, to serve 5 million people across the country
August 12 2019: Colgate-Palmolive (India) Limited, the market leader in
Oral Care in India, has joined hands with Robin Hood Army, the
volunteer-based organisation, for its #Mission5 campaiMumbai, August 12
2019: Colgate-Palmolive (India) Limited, the market leader in Oral Care in
India, has joined hands with Robin Hood Army, the volunteer-based
organisation, for its #Mission5 campaign this Independence Day. Robin Hood
Army is a zero-funds organisation that works to serve the surplus food from
restaurants and communities, to the less fortunate. The week-long national
effort of #Mission5, which began on Saturday, 10th August will continue till
the Independence Day, with an aim to serve 5 million people, across 500
villages with dry food supplies. As part of the partnership, Colgate will
provide Colgate Strong Teeth toothpaste packs, reiterating the company’s
commitment to contribute meaningfully to communities. The campaign will
reach out to people across 12 major cities in India including Delhi, Mumbai,
Kolkata, Chennai, Lucknow, Chandigarh, Jaipur, Bhubaneswar, Ahmedabad,
Pune, Thrissur and Vijaywada. In line with Colgate’s mission to ‘Keep India
Smiling’, this partnership with Robin Hood Army, is yet another small but
significant step to create a positive impact in the lives of people.
https://www.colgateinvestors.co.in/news/colgate-india-partners-with-robin-hood-army-for-mission5-this-independence-day-to-serve-5-million-people-across-the-country/
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Constellation Brands Evolves Spirits Portfolio
Aug. 12, 2019 -- Constellation Brands, Inc. a leading beverage
alcohol company, announced that it has signed an agreement with
Heaven Hill Brands to divest Black Velvet Canadian Whisky and
the brand's associated production facility in Lethbridge, Alberta,
Canada, along with a subset of Canadian whisky brands produced
at that facility. The company expects to receive cash proceeds of
approximately $266 million USD, subject to closing adjustments.
This transaction is subject to regulatory approvals and is expected
to close in the second half of calendar 2019.Constellation’s
powerhouse portfolio of spirits brands include SVEDKA Vodka,
the #1 imported vodka in the U.S.; High West Whiskey, Casa
Noble Tequila, Mi CAMPO Tequila, and Nelson’s Green Brier.
Constellation's ventures capital group has made minority
investments in higher-end, distinctive spirits brands such as
Austin Cocktails, Bardstown Bourbon Company, El Silencio, The
Real McCoy, and its most recent investment in Montanya
Distillers.
https://www.cbrands.com/news/articles/constellation-brands-evolves-spirits-portfolio
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Coty and Younique to Part and Focus on the Development of
Their Respective Strengths
Coty and Younique announced a mutual decision to terminate
their partnership. Given the different nature of the companies’
business models and the need for a strong and specific focus to
successfully improve fundamentals, Coty and Younique have
agreed to part and focus on their respective strengths. Coty has
recently announced a comprehensive roadmap to improve
performance and unlock significant value in its core business.
Coty will sell its controlling stake to Younique’s original founders
upon regulatory clearance, as soon as practicable. The conditions
of the exit will not be made public, however no further adjustment
to Coty intangible asset base is expected as a result of this
transaction.
https://investors.coty.com/news-events-and-presentations/news/news-details/2019/Coty-and-Younique-to-Part-and-Focus-on-the-Development-of-Their-Respective-Strengths/default.aspx
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Essity and UNICEF in Mexico strengthen collaboration on
hygiene issues
Essity and UNICEF in Mexico have entered into a new agreement to
jointly promote awareness of the importance of good hand hygiene and
to break the taboos around menstruation. Over the next three years, the
collaboration will provide education to 4,000 pupils and 500 teachers in
Mexico City and Chihuahua about attitudes and habits in connection with
menstrual hygiene management and hand washing.The project is called
Hygiene is our right, and highlights the rights of children and young
people in relation to health, education and gender equality. The shortage
of water and hygiene facilities in schools may contribute to higher
absenteeism and poorer school results. According to UNICEF*, 43% of
girls and adolescents in Mexico point out that during their period they
prefer to stay at home than go to school. A national survey** shows that
one in five schools lack adequate washrooms and 58% lack water.
https://www.essity.com/media/press-release/essity-and-unicef-in-mexico-strengthen-collaboration-on-hygiene-issues/0b22fc7c91dccd65/
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36
Sainsbury's and Disney team up to launch new cards and
collectors' albums in store
Sainsbury's and Disney have announced a unique collaboration which
will see the launch of new Disney Heroes collectors' cards and albums in
all Sainsbury's stores across the UK. Running from the 21st August until
2nd October, the campaign will bring Disney, Pixar, Star Wars™ and
Marvel heroes together. Customers will be able to get their hands on an
exclusive collectors album along with 144 cards all based on characters
from the storiesBased around the theme of ‘unlock the hero in you’, the
album and cards are packed full of facts, games and challenges ranging
from Eating Well, and Getting Active and Being Smart to Expressing
Yourself, Doing Good and Teaming Up to help keep children entertained
and active over the summer. Each challenge is associated with a different
Disney Hero – from Marvel’s Incredible Hulk helping children eat well
and Pixar’s The Incredibles showing how you can get active.
https://www.about.sainsburys.co.uk/news/latest-news/2019/21-08-19-disney-cards-launch
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McDonald’s Adds Grubhub as McDelivery Partner in NYC
and Tri-State Area
McDonald’s USA and Grubhub announced a new partnership to begin
expanding McDelivery to approximately 500 restaurants in the NYC and
Tri-State Area. McDelivery will be available on the Grubhub
marketplace and the company’s New York brand, Seamless.The Grubhub
and McDonald’s partnership will include a direct point-of-sale (POS)
integration to ensure a smooth experience for customers and franchise
operations partners. As part of this integration, Grubhub’s innovative
“Just in Time” technology will allow restaurant operators to match order
fulfillment with driver pickup. This feature not only streamlines in-store
operations but also provides the best experience for diners by delivering
their food as hot and fresh as possible.McDelivery launched in the U.S.
in 2017, with partners including Uber Eats, and is expected to be a $4
billion business for both McDonald’s and its franchise restaurants
globally in 2019.
https://news.mcdonalds.com/news-releases/news-release-details/McDonalds-Adds-Grubhub-McDelivery
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38
Vancouver's Herschel creates limited lineup with Nordstrom
Vancouver-based brand Herschel Supply Co. has teamed up with
Nordstrom for a fun (and very Instagram-able) accessories
collection. The limited-edition release sees the two companies
collaborate on a curated range of exclusive pieces designed by the
Seattle-headquartered retailer’s Vice President of Creative
Projects, Olivia Kim.The collection, which will be available
through Sept. 29 via the revolving, trend-forward
Pop-In@Nordstrom activation, features six new product
collections in four fabrics and colour ways (think: corduroy,
deep-pile fleece, faux tiger fur and more) on much-loved Herschel
Supply Co. accessories favourites such as the Nova Mini, Sutton
Duffle and the Seventeen Hip Sack. The full range encompasses
more than 100 new styles for men, women and children,
https://vancouversun.com/life/fashion-beauty/vancouvers-herschel-creates-limited-lineup-with-nordstrom
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PepsiCo & Inter-American Development Bank Partnership Helps More
Than 765,000 People in Latin America Gain Access to Clean Water
PepsiCo, Inc. announced that its partnership with the Inter-American Development
Bank (IDB), the largest source of development financing in Latin America, has
helped more than 765,000 people in rural areas of Mexico, Peru, Colombia and
Honduras gain new or improved access to drinking water and sanitation services
since 2011. With grants to IDB in 2011 and 2016 totaling $7 million The PepsiCo
Foundation, the company’s philanthropic arm, has helped catalyze $547 million in
additional funding from others to support infrastructure investments and upgrades
in these communities.In Latin America and the Caribbean, nearly 230 million
people lack access to safe and clean drinking water. Due in part to population
growth and variability in the distribution of water resources, according to IDB,
regional water scarcity is increasing, threatening the health and safety of
communities, profoundly impacting hygiene and contributing to waterborne
diseases, famine, migration and violence.As part of an effort to address this issue,
PepsiCo made the first and only private sector investment in IDB’s Aquafund, a
main financing mechanism to support water and sanitation investments in rural
and displaced Latin America communities which receive less support for clean
water projects than more densely populated areas.
https://www.pepsico.com/news/press-release/pepsico-inter-american-development-bank-partnership-helps-more-than-765000-people-in-latin-america-gain-access-to-clean-water
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The Perfect Pair In The Air: PepsiCo and JetBlue are
Lighting Up The Sky With New Partnership
Aug. 21, 2019 PepsiCo announced a new strategic partnership with JetBlue.
Recently, the two iconic brands joined forces to refresh JetBlue's onboard travel
experience, bringing a range of PepsiCo carbonated soft drinks and
non-carbonated beverages to the skies. Combining the spirit of both brands, the
collaboration infuses the onboard experience with even more refreshment and
fun.PepsiCo is building on the Pepsi-Cola sign's storied history. As a living
monument of both the Pepsi brand and New York City, PepsiCo has taken careful
steps working with local leaders, including the New York City Landmark and
Preservation Commission, Queens West Development Corporation and New York
State Parks Department to ensure the integrity of the sign is carefully preserved
throughout this initiative. There are no permanent changes to the sign as part of
the installation and it will be returned to normal on October 1, 2019.The historic
landmark is not only a tourist attraction but also captures the spirit of the Big
Apple, serving as a reminder to Long Island City's industrial past. Originally
placed on top of a PepsiCo bottling plant, the sign has prevailed for nearly 80
years and is now situated blocks away from JetBlue's home, making it the
picture-perfect symbol of this new partnership.
https://www.pepsico.com/news/press-release/the-perfect-pair-in-the-air-pepsico-and-jetblue-are-lighting-up-the-sky-with-new08212019
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PepsiCo And JetBlue Touch Down With Temporary Installa-
tion On Iconic, Landmark East River Sign
Aug. 23, 2019 PepsiCo and JetBlue are lighting up the sky in celebration of a new
strategic partnership, the two iconic brands joined forces to refresh JetBlue's
onboard travel experience, bringing a range of PepsiCo carbonated soft drinks and
non-carbonated beverages to the skies. Combining the spirit of both brands, the
collaboration infuses the onboard experience with even more refreshment and
fun.The celebration of these two brands – each uniquely rooted in New York City's
culture and history – officially kicked off on the banks of Long Island City. For the
first time ever, PepsiCo temporarily added JetBlue branding to its world-famous
Pepsi-Cola sign, which will be visible to New Yorkers and visitors through
September.PepsiCo is building on the Pepsi-Cola sign's storied history. As a living
monument of both the Pepsi brand and New York City, PepsiCo has taken careful
steps working with local leaders, including the New York City Landmark and
Preservation Commission, Queens West Development Corporation and New York
State Parks Department to ensure the integrity of the sign is carefully preserved
throughout this initiative. There are no permanent changes to the sign as part of
the installation and it will be returned to normal by October 1, 2019.
https://www.pepsico.com/news/press-release/pepsico-and-jetblue-touch-down-with-temporary-installation-on-iconic-landmark-ea08232019
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Kmart®, Sears® Become National Team Partners of 2019
St. Jude® Walk/Run
Kmart and Sears announced, as part of their multi-faceted
strategic partnership to support St. Jude Children's Research
Hospital, they will participate as national team partners for the
2019 St. Jude Walk/Run. As part of the commitment, Kmart and
Sears will encourage associates, customers and Shop Your Way
members to participate in the races that are taking place in 63
cities in September during Childhood Cancer Awareness
Month.Supporters who are not near an event location can also
join the St. Jude Virtual Walk/Run to walk or run anywhere while
fundraising to help the kids of St. Jude. Prior to the events, Sears
and Kmart associates are encouraged to fundraise through their
social media channels and existing resources provided by St.
Jude. For more information on race details, participating cities
and ways to get involved, visit stjude.org/walkrun.
https://searsholdings.com/press-releases/pr/2140
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43
Shiseido and Tory Burch Announce Long-Term Beauty
Partnership Agreement
Shiseido Company, Limited, a leading global beauty company, and Tory Burch LLC
announced that they have entered into a long-term partnership agreement under which
Shiseido will have the exclusive worldwide license to develop, market, and distribute Tory
Burch beauty brands. The agreement will be effective as of January 1, 2020. Tory Burch’s
beauty license will be managed by Shiseido Group’s Americas region headquartered in New
York City.Tory Burch is an American lifestyle brand that embodies the personal style, global
mindset and aesthetic of its Executive Chairman and Chief Creative Officer, Tory Burch, a
modern and dynamic entrepreneur who launched her company in 2004. Today, the collection
includes ready-to-wear, shoes, handbags, accessories, watches, home and fragrance. The first
Tory Burch fragrance products were launched in 2013, and are currently available in Tory
Burch boutiques and luxury retailers around the world.Through this partnership, Shiseido will
provide Tory Burch with a global platform and dedicated resources to elevate the Tory Burch
beauty business, and to cultivate and capture opportunities as a multi-platform, global lifestyle
beauty brand. For Shiseido, this partnership will expand its global fragrance portfolio, and
create opportunities for collaboration across Shiseido Group and the company’s Centers of
Excellence in Fragrance, Makeup, Skincare and Digital, as well as the company’s Technology
Acceleration Hub.
https://www.shiseidogroup.com/news/detail.html?n=00000000002732
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44
Disney and Target Team Up to Bring the Magic of Disney
Store to Target Shoppers
The Walt Disney Company and Target Corporation announced a
creative retail collaboration to help bring the magic of Disney to
the joy of shopping at Target. The collaboration encompasses
experiential retail and merchandising—including the launch of 25
Disney stores within select Target stores nationwide on Oct. 4,
with 40 additional locations opening by October 2020. Guests
will find an all-new, Disney focused digital experience on
Target.com today. Additionally, a new Target store will open at
Flamingo Crossings Town Center at the western entrance of the
Walt Disney World Resort in 2021 to bring the convenience of
Target shopping to Disney park guests. Target and Disney share a
strong guest overlap with a focus on families.
https://corporate.target.com/press/releases/2019/08/disney-and-target-team-up-to-bring-the-magic-of-di
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45
Tyson Foods Partners with Grupo Vibra to Continue its
Global Growth Strategy
Tyson Foods, Inc. has reached an agreement to invest in the foods
division of Grupo Vibra, a Brazilian producer and exporter of poultry
products. Once completed, the deal will give Tyson Foods more
flexibility in serving customers in key global markets. Terms of the
agreement were not disclosed, and the transaction is still subject to
approval by Brazilian regulators.Since last year, Tyson Foods has
expanded its global presence through the acquisition of Keystone Foods,
which includes operations in China, South Korea, Malaysia, Thailand
and Australia, and BRF’s poultry businesses in Thailand and Europe.
Grupo Vibra currently serves customers in Brazil as well as more than 50
countries around the world. Tyson Foods currently generates $7 billion in
international sales annually. This includes $5 billion in U.S. export sales
and about $2 billion in in-country revenues.
https://www.tysonfoods.com/news/news-releases/2019/8/tyson-foods-partners-grupo-vibra-continue-its-global-growth-strategy
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46
The Toro Company and Tractor Supply Company Announce
Strategic Partnership
The Toro Company and Tractor Supply Company announced a new long-term
strategic partnership. Under the terms of the partnership, Tractor Supply will be
The Toro Company’s exclusive partner in the farm and ranch channel for select
models of Toro zero-turn mowers, walk mowers and portable power equipment in
stores nationwide and online beginning in spring of 2020. This partnership helps
to expand Toro’s reach into the rural lifestyle retail market and further strengthens
Tractor Supply’s product offering with a leading outdoor power equipment
brand.As the largest rural lifestyle retailer in the United States, Tractor Supply is
continually growing and investing in its stores and product offerings to meet the
everyday needs of the rural lifestyle customer. A similar philosophy drives The
Toro Company with its commitment to developing innovative products that help
customers increase efficiency and productivity in the field. Given this shared
commitment to customers and overall strategic alignment, this new partnership
provides a meaningful opportunity for both companies to strengthen their
reputation as premier providers of outdoor products.
http://ir.tractorsupply.com/file/Index?KeyFile=399477862
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47
Magnit and Post Bank launched a co-branded card
Magnit and Post Bank launched a co-branded card with favorable
conditions for purchases in stores in the network. This is the first
project of the company with partners from the banking industry,
which gives its participants additional privileges. Currently, the card
can be obtained in three entities - in the Chelyabinsk, Yaroslavl and
Kostroma regions. Based on the pilot’s results, a decision will be
made on scaling the project to other regions. A card based on the Mir
payment system allows you to receive bonuses for purchases not only
in Magnet, but also in all other stores except grocery. Holders will be
credited with up to 4% of the amount of purchases for the month on
the bonus account. Moreover, the more payments on the card - the
more bonuses you will be credited. And in the first month,
cardholders will receive increased interest. Bonuses can be paid at all
Magnit retail outlets, significantly saving on everyday expenses.
http://magnit-info.ru/press/news/detail.php?ID=28488989
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48
Hikvision Achieves ISO 28000:2007 Supply Chain Security
Management System Certification
Hikvision, the world’s leading supplier of innovative security products and
solutions, announces its ISO 28000:2007 certification, marking a further
strengthening of the company’s supply chain security assurance. The ISO
28000 Supply Chain Security Management System standard was developed
to satisfy the needs of enterprises for the standardization of supply chain
security management, with the goal of improving overall performance of the
supply chain. The standard is based on the Plan-Do-Check-Action (PDCA)
operating model to identify risks, carry out controls, and reduce risks to
address potential security threats in the supply chain. Hikvision established a
Supply Chain Security Management System which covers customer demand,
design and development, manufacturing, service delivery, and transportation
management processes, with focus on capital security, financial security,
logistics security, manufacturing security, personnel safety, and site security.
https://www.hikvision.com/en/Press/Press-Releases/Corporate-News/Hikvision-Achieves-ISO-28000-2007-Supply-Chain-Security-Management-System-Certification
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49
Lowe’s Commits $1 Million to Support Hurricane Dorian
Relief and Recovery
Lowe’s has committed $1 million to support disaster relief efforts
for associates, customers and communities in direct response to
Hurricane Dorian’s impact along the U.S. coast and the Bahamas.
Lowe’s will continue to work closely with nonprofit partners and
government agencies to determine immediate and long-term
support needed by local communities.To support customers and
communities as they prepared for the storm and in the clean-up
and recovery that follows, the Lowe’s Emergency Command
Center has expedited more than 6,000 truckloads of needed
supplies, including generators, bottled water, sand, plywood,
chainsaws, trash bags, gas cans and tarps.
https://newsroom.lowes.com/news-releases/lowes-hurricane-dorian-relief/
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