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Freshpet Announces Updates to its Board of Directors

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水曜日, 4月 10, 2024

McKinsey & Company, Colgate-Palmolive, Godiva Chocolatier, Growth, Retirement, IPO, Lehman Brothers, L Catterton, Senior advisor, Partner, Management

SECAUCUS, N.J., April 10, 2024 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today announced updates to its Board of Directors (the “Board”). As part of the Board’s ongoing refreshment process, Lawrence S. Coben, Ph.D. has announced his retirement, effective April 8, 2024, and Lauri Kien Kotcher has been appointed to the Company’s Board, effective April 9, 2024. Ms. Kien Kotcher will replace Dr. Coben on the Board’s Nominating and Governance Committee.

Key Points:

SECAUCUS, N.J., April 10, 2024 (GLOBE NEWSWIRE) -- Freshpet, Inc. (“Freshpet” or the “Company”) (Nasdaq: FRPT) today announced updates to its Board of Directors (the “Board”).
Ms. Kien Kotcher brings over three decades of operational and leadership experience at high-growth consumer companies.
Walter N. George, Chairman of Freshpet, said, “We are thrilled to welcome Lauri to Freshpet’s Board of Directors.
With the addition of Ms. Kien Kotcher and the resignation of Dr. Coben, the Board is comprised of 12 directors, eleven of whom are independent.

Novelty Hill Capital Advises Firehook Bakery in Sale to Forward Consumer Partners

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月曜日, 4月 22, 2024

Organic Food, Professional Services, Retail, Finance, Banking, Food, Beverage, Snack, Sale, Forward, Growth, Acquisition, L Catterton, Kodiak Cakes, Management

Novelty Hill Capital , a leading middle-market investment bank based in Seattle, Washington, is pleased to announce the recent sale of Firehook Bakery , a rapidly growing baking business specializing in artisanal baked goods, to Forward Consumer Partners , a private equity firm that invests in branded consumer businesses.

Key Points:

Novelty Hill Capital , a leading middle-market investment bank based in Seattle, Washington, is pleased to announce the recent sale of Firehook Bakery , a rapidly growing baking business specializing in artisanal baked goods, to Forward Consumer Partners , a private equity firm that invests in branded consumer businesses.
Established in 1992 by founder Pierre Abushacra, Firehook began as a neighborhood bakery in Old Town Alexandria, Virginia, and has risen to become the U.S.’s premier artisanal cracker brand.
As part of the acquisition, Abushacra will retain a significant minority ownership stake and continue to serve on the Board of Directors for Firehook.
Abushacra reflected on the sale, saying: “Working with Novelty Hill Capital was critical in positioning Firehook for its next phase of growth.

Rhone Announces Two New Board Members

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月曜日, 3月 25, 2024

STAMFORD, Conn., March 25, 2024 /PRNewswire/ -- Rhone, the performance lifestyle brand dedicated to championing mental fitness, today announced the appointment of Tess Roering, who previously held executive leadership roles at CorePower Yoga and Athleta, and Jimmy Pitaro, ESPN Chairman, to its board of directors.

Key Points:

Roering and Pitaro join Nate Checketts, CEO & Co-Founder of Rhone; Dave Checketts, Managing Partner of Checketts Partners Investment Fund; Jon Owsley, Managing Partner at L Catterton; Simon Hill-Norton, Investor & Co-Founder of Sweaty Betty; and Carras Holmstead, Investment Partner at Palistar Capital & Co-Founder of Rhone, to Rhone's board of directors.
"We are thrilled to announce the addition of Tess and Jimmy to Rhone's board," said Nate Checketts, CEO & Co-Founder, Rhone.
"The Rhone team has built such a compelling performance lifestyle brand for men," said Tess Roering.
The appointment of Roering and Pitaro to Rhone's board comes in the lead up to the launch of Rhone's first women's collection, debuting in May.

Lotus Technology Celebrates Public Listing on Nasdaq

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金曜日, 2月 23, 2024

Acquisition, EV, L Catterton, BEV, LVMH, LCAA, Lotus, Cryptocurrency

NEW YORK and SINGAPORE, Feb. 23, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, rang today's opening bell at the Nasdaq stock exchange in New York City in celebration of its public listing.

Key Points:

NEW YORK and SINGAPORE, Feb. 23, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, rang today's opening bell at the Nasdaq stock exchange in New York City in celebration of its public listing.
"This is an exciting moment for all of us at Lotus Technology," said Mr. Feng.
We are proud to carry Lotus's heritage into the future, and to open a new chapter in the Lotus story with our public listing today."
Today's public listing is a significant step in the company's future expansion and we are looking forward to our continued collaboration with Lotus Tech's talented management team."

Lotus Tech and L Catterton Asia Acquisition Corp Complete Business Combination

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木曜日, 2月 22, 2024

Acquisition, L Catterton, LCAA, Business, Business analyst

NEW YORK and SINGAPORE, Feb. 22, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, and L Catterton Asia Acquisition Corp ("LCAA") (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm, today announced the completion of their previously announced business combination ("Business Combination").

Key Points:

NEW YORK and SINGAPORE, Feb. 22, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, and L Catterton Asia Acquisition Corp ("LCAA") (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm, today announced the completion of their previously announced business combination ("Business Combination").
The announcement of the completion of the Business Combination comes after LCAA shareholders voted to approve the transaction on February 2, 2024.
As a result of the Business Combination, LCAA became a wholly owned subsidiary of Lotus Tech and is expected to be delisted from the Nasdaq.
Lotus Tech is expected to ring the Nasdaq opening bell in New York City on February 23, 2024 to commemorate its public listing.

L Catterton Partners with Top Technology Leaders

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水曜日, 2月 21, 2024

Marketing, Growth, Entrepreneurship, Meta, L Catterton, DTC, Commerce, ROI, Sales

GREENWICH, Conn., Feb. 21, 2024 /PRNewswire/ -- L Catterton, a leading global consumer-focused investment firm, today announced that it is partnering with top technology leaders – Shopify, Klaviyo, LiftLab, Google, and Meta — to enhance marketing and e-commerce capabilities for its portfolio companies. The firm will also work with TikTok on this effort.

Key Points:

"At L Catterton, we are constantly looking for ways to enhance our portfolio companies' digital marketing capabilities by leveraging our deep industry relationships.
We are thrilled to formalize these connections and welcome these top leaders in tech to our network," said Jeff Weiser, a Managing Partner at L Catterton.
We enable many leading L Catterton brands by tying marketing spend to growth and/or profitability," said John Wallace, Co-Founder and CEO of LiftLab.
L Catterton will also be working with Google, Meta, and TikTok to drive improvements and scalability of marketing across their channels.

JustFoodForDogs Appoints Eric Kufel as Chairman and Chief Executive Officer

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火曜日, 2月 20, 2024

Pet, Food court, L Catterton, Hillshire Brands, Growth, Dog, Parent, Health, Partner, History, CorePower Yoga, Leslie's, The Coca-Cola Company, Management

IRVINE, Calif., Feb. 20, 2024 /PRNewswire/ -- JustFoodForDogs ("JFFD" or the "Company"), a leader in the fresh human-grade food movement for pets, today announced that Eric Kufel has been appointed Chairman and Chief Executive Officer.

Key Points:

IRVINE, Calif., Feb. 20, 2024 /PRNewswire/ -- JustFoodForDogs ("JFFD" or the "Company"), a leader in the fresh human-grade food movement for pets, today announced that Eric Kufel has been appointed Chairman and Chief Executive Officer.
Mr. Kufel succeeds Julian Mack, who will remain a member of the Company's Board of Directors.
Mr. Kufel brings more than 25 years of executive leadership experience and a proven track record of delivering significant growth for a wide range of consumer-focused brands.
He has also served as CEO of several L Catterton portfolio companies including Van's Natural Foods and Corepower Yoga.

Lotus Tech and L Catterton Asia Acquisition Corp Announce Closing of Business Combination

Retrieved on:

火曜日, 2月 20, 2024

NEW YORK and SINGAPORE, Feb. 20, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, and L Catterton Asia Acquisition Corp ("LCAA") (NASDAQ: LCAA), a special purpose acquisition company formed by affiliates of L Catterton, a leading global consumer-focused investment firm, announced today that their previously proposed business combination is expected to be completed on February 22, 2024. The combined company will retain Lotus Tech's name as "Lotus Technology Inc." and its American Depositary Shares (ADS) will commence trading on the Nasdaq under the ticker symbol "LOT" on February 23, 2024. The business combination was approved by LCAA shareholders at an extraordinary general meeting held on February 2, 2024.

Key Points:

The business combination was approved by LCAA shareholders at an extraordinary general meeting held on February 2, 2024.
"We are thrilled to announce our upcoming debut on the Nasdaq as we complete our business combination with LCAA," said Mr. Qingfeng Feng, Chief Executive Officer of Lotus Tech.
We look forward to accelerating our growth as a listed company, leading the electric transformation of the global luxury BEV market together with L Catterton."
Lotus Tech will ring the Nasdaq opening bell in New York City on February 23, 2024 to commemorate the Company's public listing.

L Catterton Makes Strategic Investment in Sploot Veterinary Care

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火曜日, 1月 16, 2024

Entrepreneurship, Nature, Health, Veterinarian, Culture, Partnership, Pet, L Catterton, Parent, Growth

GREENWICH, Conn., Jan. 16, 2024 /PRNewswire/ -- L Catterton, a leading global consumer-focused investment firm, today announced that it has made a strategic investment in Sploot Veterinary Care ("Sploot"), an innovative, technology-driven, and comprehensive veterinary care platform providing an elevated experience to pets, pet parents, and veterinary professionals.

Key Points:

GREENWICH, Conn., Jan. 16, 2024 /PRNewswire/ -- L Catterton, a leading global consumer-focused investment firm, today announced that it has made a strategic investment in Sploot Veterinary Care ("Sploot"), an innovative, technology-driven, and comprehensive veterinary care platform providing an elevated experience to pets, pet parents, and veterinary professionals.
Sploot is revolutionizing veterinary care with its focus on delivering a convenient, accessible, and pet-parent centric primary care and urgent care experience.
Sploot fulfills 95 percent of pet care needs through an integrated and inviting clinic experience.
"We are incredibly excited to work with L Catterton – a partner with leadership in consumer brand-building as well as deep expertise in our category – to help Sploot become the go-to provider of modern veterinary care across the country," said Gil Bolotin, Co-Founder and Co-CEO of Sploot.

Lotus Technology Showcases Autonomous Driving Progress at CES 2024

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火曜日, 1月 9, 2024

Lidar, DRIVE, Artificial intelligence, Las Vegas Convention Center, Perception, Robotics, Mergers and acquisitions, LCAA, ADS, Consumer Electronics Show, Acquisition, L Catterton, L3, CES, Internet, NVIDIA, American depositary receipt, Fine chemical

NEW YORK and SINGAPORE, Jan. 9, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, announced today that its intelligent driving arm, Lotus Robotics, will showcase numerous proprietary next-generation autonomous driving software and hardware solutions at the 2024 Consumer Electronics Show (CES) in Las Vegas, USA.

Key Points:

NEW YORK and SINGAPORE, Jan. 9, 2024 /PRNewswire/ -- Lotus Technology Inc. ("Lotus Tech" or the "Company"), a leading global luxury electric vehicle maker, announced today that its intelligent driving arm, Lotus Robotics, will showcase numerous proprietary next-generation autonomous driving software and hardware solutions at the 2024 Consumer Electronics Show (CES) in Las Vegas, USA.
The technologies have been employed in Lotus Tech vehicles, contributing to their autonomous driving capabilities.
In recognition of Lotus Tech's leadership in intelligent driving, the Company recently received approval to test L3 autonomous driving in Wuxi, a city near Shanghai serving as China's pilot zone for "internet of vehicles" connectivity.
"Lotus Robotics' leading technologies bear testament to Lotus Tech's world-class R&D innovation capabilities and signify a significant step forward in our Vision80 strategy.