Hints and tips:
...Goudet then turned his attention to petcare, a sector in which rival Mars had a major presence, with the acquisition of two veterinary hospital chains....
...The former head of Mars’ petcare division said it was looking to both organic growth and acquisitions to double sales from last year’s $45bn....
...Poul Weihrauch, who currently runs Mars Petcare, will take over as chief executive at the end of September, the company announced on Wednesday, with Reid retiring at the end of the year....
...Hotel Chocolat’s acquisition last week by Mars handed a sweet payout of £280mn to the UK boutique chain’s founders. It also filled a hole in the family-owned US confectionery giant’s brand mix....
...But should the company see the appointment of its former petcare chief as bad news for the Mars Bar and Wrigley?...
...Mars was also applauded by Galvanize. The US snacks and pet food company revamped its pay programme for its top 300 executives, who have a piece of their bonuses linked to emissions reduction goals....
...She is the ultimate non-twerking, non-profane, intelligently lyrical role model for girls in a culture that has long since incorporated the semiotics of the porn industry. Swift is the UnKardashian....
...The announcement of his planned handover to Poul Weihrauch, head of Mars’ petcare division, extended that trend, revealing that the group’s annual revenues had grown by more than half in Reid’s time as CEO...
...(DD feels quite snubbed that they never reached out to us.)...
...On the day the case was brought, the Trump Organization created another company called Trump Organization II, incorporated in Delaware, lawyers for New York attorney-general Letitia James told the court,...
...Tesco is still embroiled in a separate stand-off with Mars Petcare, the US-owned maker of Whiskas cat food and Pedigree foods for dogs....
...It has pushed into pet food, which has clearly paid off, as Poul Weihrauch, who runs Mars Petcare, has been named as Reid’s successor....
...Now, Goudet is setting his sights on petcare, which he hopes will drive better returns. Since 2019, JAB has spent more than $11bn on the sector....
...But he added that his “announcement” would come one week after the midterms, at his Mar-a-Lago resort in Palm Beach, Florida....
...Rival Tesco, the UK’s biggest supermarket chain, is embroiled in a row with Mars Petcare over the price of catfood in the latest sign of how inflation is hurting relations between retailers and producers...
...She rejoins the firm from the US attorney’s office....
...Consumer goods groups are looking to the sector as a source of growth: Mars has been pushing into veterinary services since the 1990s with brands such as Banfield and Linnaeus....
...In China, the world’s second-largest petcare market, the average annual growth rate was 20.7 per cent. This has led consumer goods companies such as Nestlé and Mars to pour resources into the sector....
...Mr Szarzynski worked as global chief financial officer of Mars Petcare before leaving for JAB, where he is a partner and serves as chief operating officer and chief financial officer at Pret Panera....
...In February 2019, JAB made its first acquisition in petcare with a deal for Compassion-First Pet Hospitals, which operates 41 veterinary hospitals and emergency clinics in the US, putting it into a consumer...
...“The science is telling us we have to do it, the economics are telling us it’s stupid not to do it, the policymakers are lining up to saying we’ve got to do it, and kids are all telling us we have to do...
...When the time comes to sell, industry consolidators such as US behemoth Mars Petcare have been rapacious consumers. The playbook has limits, however....
...In the complaint, Mars said Szarzynski had downloaded “a broad range of confidential and proprietary Mars documents” relating to petcare, food and the overall Mars business....
...“I also realised that the first person to step onto Mars could be a woman,” she says, adding: “Women make the best astronauts.”...
...JAB’s latest purchase comes as people spend more on petcare globally....
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