• IGA USA yesterday announced a new program, IGA Hometown Label Services, which it described as a turnkey "community-based marketing program that encourages community non-profit organizations to collect IGA Exclusive Brand product barcodes in exchange for funding towards organizational needs."
According to the announcement, "eligible non-profit organizations submit an application to the IGA Hometown Label Savers team, identifying their preferred IGA store location. Once approved by the IGA Hometown Label Savers team, the organization is posted on the consumer-facing IGA Hometown Label Savers microsite … letting shoppers know they can start collecting IGA Exclusive Brand barcodes in support of their cause. Organizations collect bundles of 500 IGA Exclusive Brand barcodes from shoppers and submit them to IGA USA in exchange for a $15.00 donation good towards organizational needs."
• It was just three months ago that Jos. A Bank unsuccessfully tried to acquire Men's Wearhouse. Now, Men's Wearhouse has "gone hostile" in its efforts to acquire Jos. A. Bank, the New York Times writes, "raising its offer to $1.6 billion and taking it directly to the company’s shareholders."
The Times writes: "The moves signal a new stage in the takeover battle, one that began last year with Jos. A. Bank in the role of unwanted bidder. Now the pursuer is the pursued, one that has so And the onetime target has gone fully hostile, something that not even Jos. A. Bank was willing to do in its own aborted merger campaign."
• The New York Times reports that Nestlé is selling Joseph’s Pasta, a Massachusetts maker of frozen pastas, to the buyout firm Brynwood Partner, as part of a broader strategy of focusing on core and profitable businesses.
Terms of the deal were not disclosed.
• CNBC reports that Starbucks today "will launch portable, less expensive versions of two of its most popular beverages, its caffè mocha and vanilla latte drinks, in the U.S. and Canada," using the just-add-water drinks as a way of grabbing more of the at-home coffee consumption market.
"At $6.95 for a pack of four," the CNBC writes, "the new drinks, which are the latest iterations of its 'Via' line, will cost less than their counterparts bought at the Starbucks counter. By spring, they will be available at grocery stores at $7.99 for a pack of five … The new line is Starbucks' first dairy-based drinks … The two new drinks join a line of instant coffees, 'Refreshers,' which are cool beverages, and seasonal drinks, like peppermint mocha."
According to the announcement, "eligible non-profit organizations submit an application to the IGA Hometown Label Savers team, identifying their preferred IGA store location. Once approved by the IGA Hometown Label Savers team, the organization is posted on the consumer-facing IGA Hometown Label Savers microsite … letting shoppers know they can start collecting IGA Exclusive Brand barcodes in support of their cause. Organizations collect bundles of 500 IGA Exclusive Brand barcodes from shoppers and submit them to IGA USA in exchange for a $15.00 donation good towards organizational needs."
• It was just three months ago that Jos. A Bank unsuccessfully tried to acquire Men's Wearhouse. Now, Men's Wearhouse has "gone hostile" in its efforts to acquire Jos. A. Bank, the New York Times writes, "raising its offer to $1.6 billion and taking it directly to the company’s shareholders."
The Times writes: "The moves signal a new stage in the takeover battle, one that began last year with Jos. A. Bank in the role of unwanted bidder. Now the pursuer is the pursued, one that has so And the onetime target has gone fully hostile, something that not even Jos. A. Bank was willing to do in its own aborted merger campaign."
• The New York Times reports that Nestlé is selling Joseph’s Pasta, a Massachusetts maker of frozen pastas, to the buyout firm Brynwood Partner, as part of a broader strategy of focusing on core and profitable businesses.
Terms of the deal were not disclosed.
• CNBC reports that Starbucks today "will launch portable, less expensive versions of two of its most popular beverages, its caffè mocha and vanilla latte drinks, in the U.S. and Canada," using the just-add-water drinks as a way of grabbing more of the at-home coffee consumption market.
"At $6.95 for a pack of four," the CNBC writes, "the new drinks, which are the latest iterations of its 'Via' line, will cost less than their counterparts bought at the Starbucks counter. By spring, they will be available at grocery stores at $7.99 for a pack of five … The new line is Starbucks' first dairy-based drinks … The two new drinks join a line of instant coffees, 'Refreshers,' which are cool beverages, and seasonal drinks, like peppermint mocha."
- KC's View:
