Prince Harry and Meghan Markle are not the only royals whose union we are celebrating this week. Nestle strikes a $7.5 billion cash deal with Starbucks for the exclusive right to sell the chain's packaged coffees and teas around the world—not including future revenues from product sales and royalties. Starbuck's current packaged business is worth approximately $2 billion; the … [Read more...] about Royal Weddings: Marvel/Epic & Nestle/Starbucks
Food and Beverages
Spending Up as Love Sets In
The NRF estimates that just over half of U.S. adults will celebrate Valentine's Day this year by buying a gift for a significant other, friends, or pets—reaching $19.6 billion in spending, up from $18.2 billion in 2017. Those 25–34 years-old will be the biggest spenders, with an average bill of $202.76. By product category, a total of $4.7 billion will be spent on jewelry … [Read more...] about Spending Up as Love Sets In
Spotlight: K-Food in America
By Karina Masolova, karina@plainlanguagemedia.com While Korean food (K-food) is just a small part of the speciality foods industry, it's the touchpoint for many questions about branding, such as: What does it take to market an entire industry? A country? American retail sales of specialty foods reached $99 billion in 2016, and make up 15% of all retail food sales, according … [Read more...] about Spotlight: K-Food in America
What’s So Special About Food?
By Karina Masolova The Summer Fancy Food Show at New York City's Jacob Javits welcomed 2,600 exhibitors from around the world last month. While Turkey was the partner country this year, the floor welcomed exhibitors ranging from classic importers like Italy, France, and Greece to Asian countries like Japan, Korea, and India to smaller countries like Costa Rica and Latvia … [Read more...] about What’s So Special About Food?
Experiential Roundup
Nickelodeon and Spin Master take Paw Patrol to Visionworks locations as part of a back-to-school initiative. Kids who have completed their annual eye exam get a free gift, which includes a Paw Patrol activity sheet, crayons, stickers, and a character mask. Beginning this July, the retailer will also debut it first-ever kids’ line of Paw Patrol frames, designed and distributed … [Read more...] about Experiential Roundup
A Budding Business
The 4th Annual Cannabis World Congress & Business Exposition in NY took place last week, and the buzz is substantially dimmer. Compared to last year, the crowd was more sophisticated, knowledgeable, and connected. But as the cannabis industry becomes more settled, it's also becoming clear that (consumer products) licensing is not going to be a significant player anytime … [Read more...] about A Budding Business
Snacking on Branding
Fans will be able to snack on Shopkins macarons, enjoy a Shopkins manicure, play with their favourite characters, check out the full European line in Shopkins World Vacation, enjoy photo opportunities, and more. The Parisian-themed, limited-time pop-up shop—Shopkins Macaron Café—opens in New York City from June 17–19. Moose Toys will be there to celebrate the collectibles … [Read more...] about Snacking on Branding
M&A Shorts
The United States Tennis Association (USTA) and Aramark partner to provide retail merchandise services for the USTA Billie Jean King National Tennis Center, home of the US Open. Under the multi-year agreement, Aramark will manage all aspects of the US Open Tennis Championships’ retail sales and merchandising operations throughout the grounds of the National Tennis Center. … [Read more...] about M&A Shorts
M&A Shorts
The United States Tennis Association (USTA) and Aramark partner to provide retail merchandise services for the USTA Billie Jean King National Tennis Center, home of the US Open. Under the multi-year agreement, Aramark will manage all aspects of the US Open Tennis Championships’ retail sales and merchandising operations throughout the grounds of the National Tennis Center. … [Read more...] about M&A Shorts
Halloween Spending Up; Entertainment Tops Costume Choices
By Karina Masolova Halloween spending is expected to reach an all-time high this year, according to the National Retail Foundation (NRF)'s Halloween Spending Survey; total spending is expected to reach $8.4 billion, up 21.7% from $6.9 billion in 2015. The last time sales came close was in 2012, at a previous high of $8.0 billion. Over 171 million Americans expected to celebrate … [Read more...] about Halloween Spending Up; Entertainment Tops Costume Choices