News

Dollar Tree and Family Dollar receive second request for information from FTC

BY Michael Johnsen

NEW YORK — Dollar Tree and Family Dollar Stores received a second request for information from the Federal Trade Commission regarding Dollar Tree's pending acquisition of Family Dollar, the Wall Street Journal reported Tuesday.
 
Family Dollar last week announced it had expected a second request to come when the company rejected Dollar General's $9.1 billion bid. "The fact that a Second Request is expected for the Dollar Tree transaction clearly shows the very close scrutiny a Dollar General transaction would receive," Family Dollar stated, citing antitrust concerns in its rejection of the Dollar General deal. 
 
According to WSJ, the companies reiterated that they expect the deal to close as early as the end of November.
 
keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Mondelēz International releases first progress report on well-being goals

BY Ryan Chavis

DEERFIELD, Ill. — Mondelēz International issued its first report emphasizing the company's progress in achieving its global well-being goals. The report outlines important steps the company has taken to meet key metrics in such areas as mindful snacking, sustainability, communities and safety. 

“Our business success is directly linked to enhancing the well-being of the people who make and enjoy our products and to supporting the communities where we grow our ingredients. It’s this belief that inspired our Call For Well-being,” said Irene Rosenfeld, chairman and CEO. “We’ve made important progress in answering this call. Yet we realize there’s still more to be done. We’ll continue working with our employees, partners and communities to develop solutions that help create lasting change.”
 
Since the company's launch in October 2012, Mondelēz International has supported its well-being efforts by providing consuemrs with health-conscious snacking options, securing a sustainable agriculture supply, reducing its environmental footprint, collaborating with communities to promote healthy living and making sure the people who produce and enjoy the snacks the company makes are safe. 
 
The company released a summary regarding its progress in achieving those goals:
 
Mindful snacking
  • Projected to meet goal of delivering 25% of revenue from Better Choices by 2020. In 2013, 22% of revenue was from Better Choices products, the company reported; and
  • On target to increase individually wrapped portion control options by 25% by 2020. Since 2012, Mindful Portion products grew by 7%.
 
Sustainability
  • In 2013, 10% of cocoa, 56% of coffee and 44% of West European biscuits were sustainably sourced, according to the company;
  • On target to reach global goals to reduce greenhouse gases and water use in manufacturing by 2015. In 2013, the company reduced water use by 11% and GHG emissions by 9%;
  • The company reduced energy use by 6% through 2013, but noted that more improvement is needed to reach goal of reducing energy use in manufacturing by 15% by 2015; and
  • Exceeded goal to reduce manufacturing waste by 15% by 2015 — 46% reduction through 2013. 
 
Communities
  • On target to meet goal to invest $50 million in lifestyle community partnerships. In 2013, allocated $25 million to programs covering 10 countries.
 
Safety
  • On target to achieve food system safety certification for all interanl manufactuering facilities by 2015. By end of 2013, 75% of manufacturing sites were FSSC 22000-certified. 
 
The company will provide annual updates on these metrics going forward. The full report can be viewed here.  

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?
News

Busch brand plays up hunting season with redesign

BY Ryan Chavis

ST. LOUIS — Busch announced a package redesign as well as a chance to win a hunting getaway. The 2014 Busch Hunting can features hunting graphics — including silhouettes of deer, elk and duck — over Busch's signature "blaze orange" background. 

The packaging will include 60,000 random, special-edition "Trophy Cans," which consumers can then use to enter the "Hunt Down A Trophy Can" contest and have the chance to win prizes, including a hunting vacation. After finding the special-eiditon Trophy Can, consumers can capture a photo with the can and upload it through the brand's Facebook page or on Busch.com. Each week, the two most creative submissions will be selected; winners will be rewarded with hunting equipment prizes. 
 
"For the past several years, we've had a great time playing around with the packaging designs during hunting season to celebrate our loyal drinkers who are avid outdoorsmen and have a passion for hunting," said Edison Yu, VP of value brands at Anheuser-Busch. "New this year, we're giving our fans a chance to win an incredible hunting trip that will be the envy of everyone else at deer camp."
 
All weekly winners will be entered to win a paid hunting trip at Deer Creek Lodge in Sebree, Ky.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

POLLS

Which area of the industry do you think Amazon’s entry would shake up the most?