Richard collings axios
Facing imminent bankruptcy, Bed Bath & Beyond has two last-gasp efforts ongoing. Driving the news: The beleaguered home goods purveyor is reported to be preparing to file for bankruptcy within days, according to the Wall Street Journal. Details: The two time-sensitive efforts include a plan to raise $300 million by selling shares and a …Recess has hired Stifel Financial to raise $25 million, CEO Ben Witte tells Axios exclusively. Why it matters: The sparkling beverage maker intends to become the Red Bull of the relaxation category. By the numbers: Recess' sales were in the $10 million to $20 million range and expected to more than double last year, Witte said last August.Jan 18, 2023. Illustration: Shoshana Gordon/Axios. Kevin's Natural Foods, a Modesto, Calif.-based maker of sous-vide entrées, sides, sauces and seasoning blends, is weighing either an IPO or a sale, co-founder Kevin …
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Peltz is chairman of Wendy's. Details: Blackwells intends to nominate several director candidates to the board, citing both governance and financial performance issues, a second source familiar with the situation says. The activist has previously said that Peltz put in place his son, Matthew, as non-executive vice chairman at Wendy's and ...BetterBrand, a food tech company taking a bite at low carbs, has raised $6 million in Series A funding. Why it matters: Consumers have become more conscientious about their health, driving the low-carb food market to $10.93 billion in 2021. The market is projected to reach $18.65 billion by 2029, according to Data Bridge Market Research. …Zevia is studying potential of distribution partnerships. Richard Collings. , author of. Axios Pro: Retail Deals. Jul 20, 2023. Illustration: Victoria Ellis/Axios. Zevia (NYSE: ZVIA), the maker of natural, zero-sugar beverages, is doing its "homework" to bring aboard a new distribution partner, CEO Amy Taylor tells Axios.Illustration: Sarah Grillo/Axios. Branch Furniture, an online seller of office furniture to individuals and businesses, raised a $10 million Series A led by Springdale Ventures. Why it matters: Office reopenings and home workspace refreshes may be lifting up the industry. Context: Office furniture sales are expected to grow from about $54 ...Richard Collings writes the Axios Pro Retail deals newsletter. Start your free trial at AxiosPro.com. Share on facebook (opens in new window) Share on twitter (opens in new window) Share on linkedin (opens in new window) Share on email (opens in new window) Go deeper. News worthy of your time. Download the app. About.Jan 8, 2024. Illustration: Sarah Grillo/Axios. Wolverine Worldwide aims to conclude a sale process for its footwear brand Sperry by the end of Q1, its CFO Michael Stornant said. Why it matters: The footwear conglomerate has been undergoing a transformation over the past year, selling brands such as Keds, its leathers business and the ...Richard Collings. Reporter at Axios, covering the financial activities of retail and CPG companies, including M&A, IPOs, PE, VC, activist investing, distressed situations and more.Mar 1, 2018 ... rokeshire, Wales Eifion James, Pemb IH Quadtrac se Ca – s (Collings Bro 600). ... Richard Fairnie of Simon Richard Ltd and AL Agri's Andy Mitchell ...Collings, Richard (March 28, 2023). "Tory Burch Foundation unveils finance tool for women founders". Axios. Retrieved December 24, 2023. [62] · "Announcing&nb...Nov 7, 2023. Illustration: Aïda Amer/Axios. Retail tech startup Particl launched AI Copilot, a new product that helps customers identify both new and mispriced products, CEO Josh Wilson tells Axios. Why it matters: Retailers need sophisticated software to help them manage supply chains efficiently. How it works: The South Jordan, Utah-based ...Details: The transaction is expected to close in Q4 when Pinstripes stock and warrants will be listed on the NYSE under the ticker symbols PNST and PNST WS, respectively. The combined company is valued at a pro forma EV of about $520 million, at $10 per share. It also includes $20 million in cash upfront from Middleton Partners, an affiliate of ...Jun 1, 2023. Illustration: Sarah Grillo/Axios. BurgerFi International, the parent of fast-casual chains BurgerFi and Anthony's Coal Fired Pizza & Wings, hopes to find stability under newly minted CEO Carl Bachmann. Why it matters: The Ft. Lauderdale, Fla.-based restaurant operator is now on its fourth CEO since announcing its intent to go ...Jul 27, 2022 · Jul 27, 2022. Photo: Stephane Cardinale - Corbis/Corbis via Getty Images. Valentino Fashion Group approached Giorgio Armani about buying the Italian luxury rival and the two companies have entered into early-stage discussions, Mergermarket reports. Why it's the BFD: A combination of the two fashion houses would set the foundation for a luxury ... Break the Love CEO scores fellowship from Tory Burch Foundation. Richard Collings. , author of. Axios Pro: Retail Deals. Jun 22, 2023. Billie Jean King and Tory Burch (L to R). Photo: Courtesy of the Tory Burch Foundation. Trisha Goyal, CEO of New York-based sports booking platform for racket sports Break the Love, is the first recipient of the ...Feb 20, 2024. Photo: Gary Hershorn/Getty Images. Macy's activist investor Arkhouse Management has nominated nine candidates to the retailer's board of directors, Macy's announced Monday morning. Why it matters: After the department store chain rejected the activist investor's $5.8 billion offer, Arkhouse weighed going directly to shareholders.Facing imminent bankruptcy, Bed Bath & Beyond has two last-gasp efforts ongoing. Driving the news: The beleaguered home goods purveyor is reported to be preparing to file for bankruptcy within days, according to the Wall Street Journal. Details: The two time-sensitive efforts include a plan to raise $300 million by selling shares and a …Kroger and Albertsons beef up divestiture deal to take on FTC. Kroger and Albertsons have increased the number of store locations they are selling to C&S Wholesale under an amended divestiture package. Why it matters: The two grocers will sell 579 stores as they bolster the defense of their deal ahead of facing the FTC in court in August.Richard Collings, author of . Axios Pro: Retail Deals. Mar 15, 2023. Share on facebook (opens in new window) ... but the decision to restructure our organization was in the works prior," a spokesperson told Axios. Fetch leadership aimed for the company to reach profitability in 2023, with an eye toward a sale or IPO instead of another funding ...Jan 28, 2024 ... ... Axios' Richard Collings reports, citing a source familiar with the matter. Opening Day” is The Fly's recurring series of stories on the ...1 big thing: Food-recycling scoop. Food-recycling startup Mill Industries has raised about $70 million towards a $100 million target for a Series C round, two sources familiar with the situation tell Alan and our Pro colleague Richard Collings. Why it matters: Solutions like Mill's help mitigate food loss and waste, which contribute up to 8% of ...By the numbers: This year, Unleashed will generate system-wide sales of approximately $740 million, revenue of about $160 million, and EBITDA of around $70 million, Browning said. Valuation multiples for similar asset-light businesses range between the high teens and low 20s, he said. Unleashed's CAGR is between 20% and 25%, he …Richard Collings, author of . Axios Pro: Retail Deals. Jan 12, 2024. Share on facebook (opens in new window) ... Karls tells Axios, speaking from the conference's sidelines. He notes the Canadian government plays a role in helping startups based there, due to the difficulty they have in raising money.
1 big thing: Food-recycling scoop. Food-recycling startup Mill Industries has raised about $70 million towards a $100 million target for a Series C round, two sources familiar with the situation tell Alan and our Pro colleague Richard Collings. Why it matters: Solutions like Mill's help mitigate food loss and waste, which contribute up to 8% of ...Join Axios Pro for two critical conversations on the media and retail industries. First, Retail Deals reporter Richard Collings will sit down with AB InBev's …Kohl's shareholders voted to re-elect all 13 of the department store's nominees, according to a preliminary count following Wednesday's annual shareholder meeting, beating out activist investor Macellum's slate.. Why it matters: The shareholder vote and results of the board election play a critical role in the future of the company, as …Aug 24, 2023 · Aug 24, 2023. Illustration: Brendan Lynch/Axios. Shein and Sparc Group struck a strategic partnership, with Shein acquiring a one-third interest in the retail operator and Sparc becoming a minority shareholder in Shein. Why it matters: The deal brings together two of the most important players in retail. Details: Shein will offer what it calls ...
Richard Collings. Reporter at Axios, covering the financial activities of retail and CPG companies, including M&A, IPOs, PE, VC, activist investing, distressed situations and more.Aug 18 — Profits held up far better in Q2 than folks on Wall Street expected, Axios' Matt Phillips writes. ... Richard Collings; Happy Friday, Retail readers ...CPG portfolio pruning points to active middle market. Richard Collings. , author of. Axios Pro: Retail Deals. Feb 27, 2023. Photo: Daniel Acker/Bloomberg via Getty Images. Consumer packaged goods conglomerates continued to present at CAGNY on their respective M&A strategies through Friday last week, outlining plans for both acquisitions and ...…
Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. Richard Collings Reporter at Axios, covering the f. Possible cause: Express, a mall-based clothing retailer, filed for Chapter 11 bankruptcy protection i.
The branches of Dollar Tree's settlement. Richard Collings. , author of. Axios Pro: Retail Deals. Mar 10, 2022. Illustration: Sarah Grillo/Axios. Dollar Tree's board reshuffle shows that activist hedge funds come in all shapes and sizes, and that the quality of a board slate plays a huge role in deciding whether a proxy fight is worth the ...Jan 18, 2024 · Photo: Paul Morigi/Getty Images for Birkenstock. Shares of Birkenstock fell about 8% at the market's open due to what the sandal maker characterized as a modest headwind to its adjusted EBITDA margin despite beating on revenue. Driving the news: Birkenstock's first earnings since its IPO are closely watched as its performance may reverberate ...
Zevia is studying potential of distribution partnerships. Richard Collings. , author of. Axios Pro: Retail Deals. Jul 20, 2023. Illustration: Victoria Ellis/Axios. Zevia (NYSE: ZVIA), the maker of natural, zero-sugar beverages, is doing its "homework" to bring aboard a new distribution partner, CEO Amy Taylor tells Axios.Photo: Courtesy of Luum. Luum Precision Lash, which makes robots that apply eyelashes, will raise a Series A round between $15 million and $30 million, CEO Nathan Harding tells Axios exclusively. Why it matters: Proceeds will be invested in producing a commercial machine in the U.S. and delivering it to retailers, salons and …
🚨#BREAKING: Axios, my happy place, has agreed to se Richard Collings, author of . Axios Pro: Retail Deals. Mar 30, 2022. Share on facebook (opens in new window) ... But Figs would prefer to stay public, as PE's focus is to cut costs, cofounder and co-CEO Heather Hasson tells Axios. That's because the company doesn't want to be constrained as it pursues expansion in the U.S., where it … Shares of Birkenstock fell about 8% at the market's open dueKroger and Albertsons beef up divestiture de Although the merger of Kroger and Albertsons would create a national grocery juggernaut, some markets would be more affected than others — and some not affected at all, Richard and Axios' Erin Davis write.. Why it matters: When two of the largest food retailers propose a merger during a time of food inflation, antitrust scrutiny and … Aug 8, 2022 · Aug 8, 2022. Gilbert Carrasqu Industry dealmakers told Axios in February they were tempering their expectations after entering 2024 bullish, as valuation uncertainty continues. What we're watching: Dealmakers predict (or hope) companies will hit the block early next year, marketed off of audited 2025 results and aided by more insight into the consumer, valuations and ...Richard Collings Reporter at Axios, covering the financial activities of retail and CPG companies, including M&A, IPOs, PE, VC, activist investing, distressed situations and more. 12h Axios Pro: Retail Deals. Jan 8, 2024. IllusJan 11, 2023. Illustration: Maura Losch/Axios. GoTab, an ArlMar 27, 2024. Illustration: Aïda Amer/Axio Join Axios Pro for two critical conversations on the media and retail industries. First, Retail Deals reporter Richard Collings will sit down with AB InBev's …Austin-based jewelry company Kendra Scott is seeking capital to fund its expansion plans, CEO Tom Nolan tells Axios Pro's Richard Collings exclusively. Driving the news: It would not be surprising if Kendra Scott enters into a transaction this year, which would give it "gas" to put on the "fire," Nolan says. Liberation Labs, a New York City-based provider of pre Bobo's, the Loveland, Colo.-based company known for its oat bars, is still preparing for a sale, potentially later this year, CEO T.J. McIntyre tells Axios exclusively.. Why it matters: It is a widely watched middle market transaction in the making that even the bulge bracket investment banks are courting.BetterBrand, a food tech company taking a bite at low carbs, has raised $6 million in Series A funding. Why it matters: Consumers have become more conscientious about their health, driving the low-carb food market to $10.93 billion in 2021. The market is projected to reach $18.65 billion by 2029, according to Data Bridge Market Research. … By the numbers: This year, Unleashed will generate system-wide sale[Consumer products company Monolith secured $Macy's has received an $5.8 billion take BBBY listed total assets of $4.4 billion and total debt of $5.2 billion as of last November, per court documents. BNY Mellon, which is the trustee for three tranches of nearly $1.2 billion in unsecured bonds, is listed as the top unsecured creditor. Assets include the company's intellectual property, such as brand names Bed Bath & Beyond ...