Business
Japanese Baker Taguchi Acquires Private Brand Manufacturer Brooklyn Brands
Japanese baker Taguchi & Co. has acquired private brand manufacturer Brooklyn Brands for eight figures, the move that will expand both company's North American and global presence. Brooklyn Brands produces for retailers nationwide, including Albertsons, Costco, Kroger, Publix, Stop & Shop, Whole Foods, and Wegmans. Founder Seth Zalkin wrote in an email to Forbes “Taguchi will enable Brooklyn Brands to leverage a dedicated R&D team in Japan and has already identified meaningful resources for U.S. operations. Its manufacturing expertise is unparalleled, and Taguchi will be investing significant resources in new equipment so Brooklyn Brands can make more and more
Pottery Barn Teen Launches Largest Dorm Collection
Pottery Barn Teen, a retailer owned by of Williams-Sonoma announced last week the launch of the brand’s largest dorm collection to date. Pottery Barn Teen offers more ways than ever to prepare for college with a new assortment that features dorm bedding, bath, storage, and decorating essentials. Customers can shop the new dorm collection online, in-store and on the Pottery Barn Teen mobile app. Pottery Barn Teen’s most robust dorm collection yet features must-have items, including twin XL bedding, quick dry towels, laundry bags, no-nails décor, study essentials and storage solutions. Pottery Barn Teen takes the guesswork out of college
Whole Foods Announces Annual Supplier All-Star Awards
Whole Foods Market announced last week the recipients of its annual Supplier All-Star Awards, recognizing 15 suppliers that raise the industry bar for quality, innovation, value, and social responsibility. They are aligned with Whole Foods Market’s Core Values, such as caring for local communities and practicing win-win partnerships. This year’s recipients, who are being honored for their contributions throughout 2022, include companies ranging from 2 to 28 years on Whole Foods Market’s shelves. The awards, now in their 11th year, were previously called Supplier of the Year Awards. “We are proud to recognize this dedicated group of suppliers and the
Waitrose Cuts 200 Prices on Customer Favorites
British retailer Waitrose has cut the prices of over 200 everyday, summer favorites as part of a £100m investment to lower customers’ bills. The new lower prices can be found in every aisle and include cupboard staples from British butter and tomato ketchup to Fairtrade golden caster sugar, as well as British cocktail sausages, salads and ice cream for summer barbecues and picnics. Half of these products are now at least 10% cheaper. The price cuts have been made without compromising on exceptional quality or Waitrose values, which include sourcing higher welfare meat and commitments to British farmers. This
Perrigo Appoints Patrick Lockwood-Taylor President and CEO
Perrigo announced last week the appointment of industry professional Patrick Lockwood-Taylor as its new President, Chief Executive Officer and member of the Board of Directors, effective June 30, 2023. Mr. Lockwood-Taylor joins Perrigo from Bayer AG, where he served a dual role as President of the approximately $15 billion revenue Bayer U.S. business and Regional President of Consumer Health North America, achieving high single-digit growth during his tenure. As Regional President of Consumer Health North America from 2018-2023, he returned the business to revenue and market share growth after multi-year declines, delivered strong compound annual growth rates, achieved best-in-class innovation
Perrigo CEO Murray Kessler To Retire
This week private brand manufacturer Perrigo announced that Murray S. Kessler has notified the Company of his intent to retire as President and Chief Executive Officer, with a target effective date of July 31, 2023. Mr. Kessler will work with the Board of Directors to secure his successor and ensure a smooth transition. Murray S. Kessler said, "After 18 years as a public company CEO, I have decided that this is the right time for me to retire. I joined Perrigo almost 5 years ago to lead the transformation of the Company from a healthcare to a consumer self-care company. Leading that
Meijer Seeks Global Partners for Frederik’s by Meijer
Meijer is seeking unique, elevated food products from food manufacturers across the globe to expand its Frederik's by Meijer line of premium and innovative Retailer=owned Brand (private brand) food in its more than 260 supercenters and grocery stores across Michigan, Ohio, Indiana, Illinois, Kentucky, and Wisconsin. Prospective vendors interested in partnering with Meijer to offer their retail-ready products as part of the retailer's premium quality food brand should submit their interest here. By submitting information into the RangeMe system, vendors are making their products available for Meijer merchants to consider throughout the year. Despite only launching the Frederik's by Meijer brand in October 2021, it has become a
Seven & i Holdings’ Outlines Advantages of “Food-Focused” Strategy
Seven & i Holdings' Board of Directors today issued the following letter to shareholders outlining the competitive advantages of its "food-focused" strategy and investments in its convenience store business ("CVS"). It also reiterated its commitment to capital re-allocation and ongoing portfolio optimization undertaken in the right way and at the right time. Dear Seven & i Shareholders, Your company is in the midst of a significant business transformation designed to build on its unique competitive strengths, led by a committed and newly strengthened and aligned Board and management and overseen by a Strategy Committee comprised solely of independent outside directors. Most
Fast Company names Michael Graves Design For All at CVS a finalist in its 2023 World Changing Ideas Awards
Michael Graves Design X CVS Health Home Healthcare private brand range has been selected in the Art and Design category as part of Fast Company’s 2023 World Changing Ideas Awards. Fast Company’s annual World Changing Ideas Awards honor the businesses and organizations that are developing creative solutions to the most pressing issues of our time. The 45 winners and hundreds of honorees were selected by Fast Company editors and reporters; they represent the kind of innovation and ingenuity necessary to make the world more accessible, equitable, and sustainable for everyone. The 2023 World Changing Ideas Awards seek to honor projects that are playing an important role
Kroger & Albertsons CEOs Try to Clear Things Up
Rodney McMullen of The Kroger Co. and Vivek Sankaran of Albertsons Cos., Inc. shared a jointly-penned opinion letter to the editors of the daily newspaper Cincinnati Enquirer. In the April 28th letter, the retail executives attempted to combat misconceptions about the proposed merger of the retailers. Kroger and Albertsons were created with their founders’ life savings and a commitment to bringing fresh food to their neighbors. Today, our companies remain grounded in serving customers. Our collective grocery retail experience teaches us that customers’ needs are always changing. It’s our responsibility to anticipate those changes and provide what’s most important
