Business
Perrigo Enters CBD Market With $50 million Investment
[et_pb_section fb_built="1" _builder_version="4.4.8"][et_pb_row _builder_version="4.4.8"][et_pb_column _builder_version="4.4.8" type="4_4"][et_pb_text _builder_version="4.4.8" hover_enabled="0"]Private brand manufacturing giant Perrigo announced that it is entering the cannabidiol (CBD) market through a strategic investment in and long-term supply agreement with Kazmira LLC, a supplier of hemp-based CBD products free of tetrahydrocannabinol (THC-free) based in Watkins, Colorado. The fast-growing and rapidly evolving CBD market is emerging organically in response to changing consumer preferences for natural remedies and aligns with Perrigo's vision "To make lives better by bringing quality, affordable self-care products that consumers trust everywhere they are sold." Perrigo's minority equity investment initiates the first phase of the partnership where
Private Brand At Amazon Under Attack
[et_pb_section fb_built="1" _builder_version="4.4.8"][et_pb_row _builder_version="4.4.8"][et_pb_column type="4_4" _builder_version="4.4.8"][et_pb_text _builder_version="4.4.8"]Amazon is one again under attack – this time from California and Washington who are reviewing the online retailer's alleged use of third-party seller data to give its private brands an advantage online. This past Friday The Wall Street Journal reported that the state of California is reviewing Amazon. That same day The New York Times reported that the state of Washington is reviewing Amazon's also reviewing Amazon. The move comes almost a week after ProPublica reported on Amazon proactively promoting its own brand products. The legal reviews come as the retailer continues to use
Amazon Responds to Congressional Challenge
[et_pb_section fb_built="1" _builder_version="4.4.7"][et_pb_row _builder_version="4.4.7"][et_pb_column type="4_4" _builder_version="4.4.7"][et_pb_text _builder_version="4.4.7"]Amazon responds to the charges from overzealous legislators with this letter. Bravo! "As you know, such use of store data is the norm across the diverse and competitive retail landscape, where large retailers like Walmart, Target, Walgreens, Kroger, and Costco use store data to develop and sell private brands." Dear Chairmen Nadler and Cicilline, Ranking Member Sensenbrenner, Vice-Chair Neguse, and Representatives Jayapal, Buck, and Gaetz: We appreciate the opportunity to address the issues raised in your May 1, 2020 letter related to the Committee’s investigation into competition in digital markets. We remain fully committed
Don Welge, Private Label Hall of Fame Member dies from COVID-1
[et_pb_section fb_built="1" _builder_version="4.4.6"][et_pb_row _builder_version="4.4.6"][et_pb_column _builder_version="4.4.6" type="4_4"][et_pb_text _builder_version="4.4.6" hover_enabled="0"]Private brand manufacturer Gilster-Mary Lee Corporation announced this past Thursday on its Facebook page the death of Don Welge. In 2013 he was inducted into the PLMA Private Label Hall of Fame. “It is with great sadness that we must advise you of the passing earlier today of Don Welge after a short illness. Those who knew him certainly understood his love of the food industry, the company he helped build, and the relationships with customers, suppliers, fellow employees, and other business associates he established over his 60 plus years in the industry. He was also
Supporting Consumers with Strong Private Brands
[et_pb_section fb_built="1" _builder_version="4.4.6"][et_pb_row _builder_version="4.4.6"][et_pb_column type="4_4" _builder_version="4.4.6"][et_pb_text _builder_version="4.4.6"]This guest post comes from Aimee Becker, Senior Vice President, Global Strategic Advisory of Daymon.[/et_pb_text][et_pb_text _builder_version="4.4.6"]The COVID-19 pandemic has transformed the grocery shopping experience, with budget restrictions becoming a top priority. Roughly one-third of all US households have experienced an income decrease, either through the loss of employment, reduced hours or pay reductions. We know that, in these extraordinary times, Private Brands see increased trial and growth as affordable options that consumers pick up to help stretch their smaller budgets. What many consumers may not have yet fully realized is the shift that has
Senator Calls for Criminal Investigation of Amazon Private Brand
[et_pb_section fb_built="1" _builder_version="4.4.6"][et_pb_row _builder_version="4.4.6"][et_pb_column type="4_4" _builder_version="4.4.6"][et_pb_text _builder_version="4.4.6"]In a letter to Attorney General William P. Barr Republican Senator Josh Hawley of Montana has asking the Department of Justice to open a criminal investigation into online giant Amazon. The request follows Friday’s Wall Street Journal report that said Amazon employees had used data from third-party sellers to help develop Amazon private brand products. Below is the complete letter. April 28, 2020 William P. BarrAttorney General of the United StatesU.S. Department of Justice950 Pennsylvania Avenue, NW Washington, DC 20530 Dear Attorney General Barr: I write to ask you to open a criminal antitrust investigation of Amazon. Recent reports
Amazon in the Age of COVID – Bezos Shareholder Letter
[et_pb_section fb_built="1" _builder_version="4.4.6"][et_pb_row _builder_version="4.4.6"][et_pb_column type="4_4" _builder_version="4.4.6"][et_pb_text _builder_version="4.4.6"]This week Amazon CEO Jeff Bezos published his annual shareholder letter. Take a minute to read the letter his thoughts provide some interesting insights into their culture and his thoughts during these historic and trying times. To our shareowners: One thing we’ve learned from the COVID-19 crisis is how important Amazon has become to our customers. We want you to know we take this responsibility seriously, and we’re proud of the work our teams are doing to help customers through this difficult time. Amazonians are working around the clock to get necessary supplies delivered directly to
Perrigo Q1 Net Sales Increase 14.2%
[et_pb_section fb_built="1" _builder_version="4.4.6"][et_pb_row _builder_version="4.4.6"][et_pb_column _builder_version="4.4.6" type="4_4"][et_pb_text _builder_version="4.4.6" hover_enabled="0"]OTC & health and wellness private brand manufacturer Perrigo today announced financial results for the first quarter ended March 28, 2020. President and CEO Murray S. Kessler commented, ”During these unprecedented times, I am honored to be surrounded by our more than 11,000 dedicated employees who are making tremendous sacrifices to help ensure that our essential products remain available to consumers and patients who need them. Our top priorities remain our employees’ well-being and business continuity, while at the same time supporting the communities where we live and work. Kessler continued, ”Thanks to these courageous employees,
Wakefern Promotes Laura Kind to Vice President of Brand Strategy
[et_pb_section fb_built="1" _builder_version="3.22"][et_pb_row _builder_version="3.25" background_size="initial" background_position="top_left" background_repeat="repeat"][et_pb_column type="4_4" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_text _builder_version="3.27.4" background_size="initial" background_position="top_left" background_repeat="repeat"]Wakefern Food Corp., the nation’s largest retailer-owned cooperative, with member companies that own and operate supermarkets under the ShopRite, Price Rite Marketplace, The Fresh Grocer, Dearborn Market and Gourmet Garage banners, announced the promotion of Laura Kind to Vice President of Brand Strategy and welcomed Ranjana Choudhry as Vice President of Advertising and Social Media. Laura Kind has quickly built a strong track record since joining Wakefern in December 2018 as Director of Own Brands Marketing and Packaging. She was pivotal in driving the successful design,
FMI Announces New Digital Marketplace Food Industry Exchange
[et_pb_section fb_built="1" _builder_version="3.22"][et_pb_row _builder_version="3.25" background_size="initial" background_position="top_left" background_repeat="repeat"][et_pb_column type="4_4" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_text _builder_version="3.27.4" background_size="initial" background_position="top_left" background_repeat="repeat"]FMI—The Food Industry Association and The Seam, a leading provider of commodities trading and agriculture software solutions, today announced the launch of the Food Industry Exchange sponsored by FMI powered by The Seam. The sustainable marketplace was created to immediately address the urgent needs of retailers and wholesalers by showcasing products and services available in a digital space and on an ongoing basis. The primary purpose of the platform is to bring vast efficiencies to the food supply chain, while also serving as a critical tool in
