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...Katharine Jenner, director at Obesity Health Alliance, said: “We would like to see much more of a level playing field when it comes to what’s on our shelves — if it is possible to make doughnuts and chocolate...
...Jimmy Pitaro, chair of ESPN, said that the network’s alliance with Penn was borne out of increased demand for sports betting products among its viewers....
...But it turns out that customers wanted the brands, and that the company’s own-brand supply chain was not up to the pressures of the pandemic (The Wall Street Journal has a very good piece on this here.)...
...The owner of brands from Cadbury to Toblerone said on Wednesday that it would commit an additional $600mn in sustainability funding until 2030, on top of $400mn invested over the past decade....
...Arnal joined the retailer in 2020 from cosmetics brand Avon. He previously held executive roles at Walgreens Boots Alliance and Procter & Gamble....
...Elf Bar did not immediately reply to a request for comment, but a page on a supermarket website selling the brand says they’re imported into the UK by Green Fun Alliance, a company incorporated in 2019....
...Walgreens Boots Alliance has abandoned the sale process for the Boots chain in the UK after the upheaval in credit markets resulted in bids that were below its initial expectations....
...Neil Saunders, managing director at GlobalData Retail, said the outcome of the review had left Boots “treading water”....
...It has already breathed new life into struggling UK toy chain Hamleys, which became Reliance’s first international retail brand in 2019....
...It is hard to keep track of all of Walmart’s NGO alliances....
...The deal would allow its US parent Walgreens Boots Alliance to keep a minority stake. The size of that stake is open to negotiation. Boots declined to comment....
...A consortium of Bain Capital and CVC Capital, previously seen as a leading candidate to buy the business from US parent Walgreens Boots Alliance, did not make a bid ahead of a deadline last week, two people...
...Investors in Nike, the global sports brand, might be more interested in the senior leadership team than the numbers....
...“It felt very disconnected in terms of some of those kinds of partnerships, alliances that we see going now,” says Wendy Liebmann, founder of New York-based retail strategy consultancy WSL Strategic Retail...
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...“I see a big opportunity, using that brand, to monetise their tremendous user base in other areas related to finance,” said Sambur....
...Amid significant restructuring, they say, it’s unlikely Donahoe would endanger his alliance with the founder: “He is not gonna piss off Phil, he’s Phil’s guy.”...
...Job moves Walgreens Boots Alliance has named Starbucks chief operating officer Roz Brewer as chief executive. She will succeed billionaire Stefano Pessina, 79, who will become executive chairman....
...The new alliance will be rolled out in the US from this week, before expanding to Europe and south-east Asia next year....
...A version of this article was first published by Nikkei Asia on January 8 2021. ©2021 Nikkei Inc....
...China’s equity market has been supported in recent days by state-run media, which have encouraged retail investors to buy stocks....
...Walgreens Boots Alliance has revealed it will raise its annual cost savings target to at least $1.8bn by 2022, from $1.5bn, after a difficult year in which operating income fell by a fifth....
...The Illinois-based group has a huge footprint in physical retail, operating the Walgreens and Duane Reade brand stores in the US and the Boots chain of pharmacies in the UK....
...Since folding Alliance Boots into Walgreens, Mr Pessina has introduced some of Boots’ brands, particularly No 7 skincare, into Walgreens and sold Boots’ contract manufacturing business to Fareva, the French...
...WPP will also reduce is planned capex from £400m to v£300m....
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