Foodservice

Global Ecommerce Market Intelligence Subscription Service: Access Over 20 Data-Centric Reports - ResearchAndMarkets.com

Retrieved on: 
Tuesday, March 26, 2024

The "Global Ecommerce Market Intelligence Databook Subscription - Q1 2024" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global Ecommerce Market Intelligence Databook Subscription - Q1 2024" report has been added to ResearchAndMarkets.com's offering.
  • Global Ecommerce market is expected to grow by 1.76% on annual basis to reach US$7,633.2 billion in 2024.
  • The integration of artificial intelligence with e-commerce marketplaces is also expected to gain momentum over the medium term.
  • Overall, the publisher maintains a positive growth outlook for the global e-commerce industry over the next three to four years.

Global Contract Catering Market Analysis Report 2023-2024 and 2029: Emergence of Advanced Business Models for Ad-hoc Workplace Services and Shifting Emphasis on Sustainability and Responsible Sourcing - ResearchAndMarkets.com

Retrieved on: 
Friday, March 22, 2024

The global contract catering market value stood at US$260.68 billion in 2023, and is expected to reach US$353.75 billion by 2029.

Key Points: 
  • The global contract catering market value stood at US$260.68 billion in 2023, and is expected to reach US$353.75 billion by 2029.
  • The market is expected to grow at a CAGR of 5.22% over the projected period of 2024-2029.
  • The global contract catering market is moderately consolidated.
  • The increasing number of M&A activities, geographic expansions, and service diversifications will intensify the level of competition in the global market.

Cineworld Group Announces Leadership Team with New Executive Hires, Including President of Cineworld International

Retrieved on: 
Thursday, March 21, 2024

Cineworld Group , representing the second largest theatre circuit in the world, announced today the completion of its executive team following the 2023 appointments of Eduardo Acuna as Chief Executive Officer along with a new Board chaired by Eric Foss.

Key Points: 
  • Cineworld Group , representing the second largest theatre circuit in the world, announced today the completion of its executive team following the 2023 appointments of Eduardo Acuna as Chief Executive Officer along with a new Board chaired by Eric Foss.
  • Joining Acuna and the Cineworld Group team are Thomas Song as Chief Financial Officer, Ben Hill as Chief Human Resources Officer, John Henrich as General Counsel, John Curry as Senior Vice President of Commercial at Regal, and Javier Sotomayor as President of Cineworld International.
  • “We are excited to welcome Tom, Ben, John, Javier, and John to our executive team,” stated Eduardo Acuna, Chief Executive Officer for Cineworld Group.
  • In his role, Sotomayor will lead international teams outside of the US, including Ireland, Poland, Czech Republic, Slovakia, Hungary, Bulgaria, Romania, Israel, as well as Cineworld and Picturehouse in the UK.

Cineworld Group Announces Leadership Team with New Executive Hires, Including President of Cineworld International

Retrieved on: 
Thursday, March 21, 2024

Cineworld Group , representing the second largest theatre circuit in the world, announced today the completion of its executive team following the 2023 appointments of Eduardo Acuna as Chief Executive Officer along with a new Board chaired by Eric Foss.

Key Points: 
  • Cineworld Group , representing the second largest theatre circuit in the world, announced today the completion of its executive team following the 2023 appointments of Eduardo Acuna as Chief Executive Officer along with a new Board chaired by Eric Foss.
  • Joining Acuna and the Cineworld Group team are Thomas Song as Chief Financial Officer, Ben Hill as Chief Human Resources Officer, John Henrich as General Counsel, John Curry as Senior Vice President of Commercial at Regal, and Javier Sotomayor as President of Cineworld International.
  • “We are excited to welcome Tom, Ben, John, Javier, and John to our executive team,” stated Eduardo Acuna, Chief Executive Officer for Cineworld Group.
  • In his role, Sotomayor will lead international teams outside of the US, including Ireland, Poland, Czech Republic, Slovakia, Hungary, Bulgaria, Romania, Israel, as well as Cineworld and Picturehouse in the UK.

Entravision Mobile Growth Solutions is Renaming its Mobile App Promotion Division to Adwake

Retrieved on: 
Wednesday, March 13, 2024

Entravision, a global ad-tech, media, and marketing solutions company, is proud to announce the unveiling of Adwake, the new brand name for its expanded mobile app promotion business division.

Key Points: 
  • Entravision, a global ad-tech, media, and marketing solutions company, is proud to announce the unveiling of Adwake, the new brand name for its expanded mobile app promotion business division.
  • Adwake, formerly known as Entravision Mobile Growth Solutions (MGS), seamlessly integrates MGS with the acquisition of BCNMonetize that took place in May 2023, featuring an even more robust supply and operations structure, and an innovative product-oriented approach.
  • By maximizing return on investment and delivering sustainable growth, Adwake ensures an outcome-oriented approach that guarantees success,” said Lucas Ceballos, President of Adwake by Entravision.
  • We are dedicated to guiding our clients through the entire marketing funnel and the rebrand of our mobile growth business as Adwake underscores our commitment to empowering our global teams.

Small Businesses Maintain Steady Hiring Pace in February

Retrieved on: 
Tuesday, March 12, 2024

The CBIZ SBEI tracks payroll and hiring trends for over 2,900 companies that have 300 or fewer employees, providing broad insight into small business trends.

Key Points: 
  • The CBIZ SBEI tracks payroll and hiring trends for over 2,900 companies that have 300 or fewer employees, providing broad insight into small business trends.
  • “Small businesses steadily expanded their workforces, driven by the current economic resilience,” said Anna Rathbun, CFA, Chief Investment Officer, CBIZ Investment Advisory Services, LLC.
  • Meanwhile, the ADP employment report indicated hiring growth among small, medium and large-sized companies.
  • Small businesses accounted for an increase of 13,000 of those jobs on a seasonally adjusted, month-over-month basis.

Palm Tree Names Michael Schall as a Strategic Industry Advisor for Investment Banking Operations

Retrieved on: 
Tuesday, March 12, 2024

Palm Tree LLC (“Palm Tree”), the modern M&A advisor providing integrated investment banking and financial consulting services to middle market businesses, today announced Michael Schall as a strategic industry advisor on the Consumer Packaged Goods (CPG) and Food & Beverage (F&B) industries for its investment banking operations.

Key Points: 
  • Palm Tree LLC (“Palm Tree”), the modern M&A advisor providing integrated investment banking and financial consulting services to middle market businesses, today announced Michael Schall as a strategic industry advisor on the Consumer Packaged Goods (CPG) and Food & Beverage (F&B) industries for its investment banking operations.
  • “Michael is uniquely qualified to advise on growth efforts within this comprehensive industry, given his extensive experience within CPG and F&B-focused operations spanning over 40 years.
  • “I am honored by the opportunity to advise Palm Tree on driving growth and maintaining forward momentum for its CPG and F&B investment banking practice,” said Mr. Schall.
  • He is also a partner at Meaningful Partners , a Senior Advisor to Conscious Capitalism , and an operating adviser for Graham Partners .

Campbell Completes Acquisition of Sovos Brands, Inc.

Retrieved on: 
Tuesday, March 12, 2024

Campbell Soup Company (NYSE: CPB) today announced it has completed the acquisition of Sovos Brands, Inc. (“Sovos Brands”) for $23 per share in an all-cash transaction, which represents a total enterprise value of approximately $2.7 billion.

Key Points: 
  • Campbell Soup Company (NYSE: CPB) today announced it has completed the acquisition of Sovos Brands, Inc. (“Sovos Brands”) for $23 per share in an all-cash transaction, which represents a total enterprise value of approximately $2.7 billion.
  • Sovos Brands recently reported $1.0 billion in net sales for the year ended Dec. 30, 2023 with an organic net sales increase of 25%1 year over year.
  • As stated when the acquisition was announced, Campbell plans to evaluate strategic alternatives for the brand.
  • Campbell will discuss the impact of the acquisition to its fiscal 2024 guidance when the company reports third-quarter earnings in June.

Palletizer Market worth $4.1 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, April 4, 2024

A robotic palletizer is an advanced industrial machine equipped with robotic arms designed to automate stacking and organizing products onto pallets.

Key Points: 
  • A robotic palletizer is an advanced industrial machine equipped with robotic arms designed to automate stacking and organizing products onto pallets.
  • The market is segmented into various industries including food & beverage, chemicals, pharmaceuticals, cosmetics & personal care, e-commerce and retail, and textiles.
  • North America holds the largest market share of the palletizer market throughout the forecast period.
  • The report profiles key players in palletizer companies such KION GROUP AG (Germany), FANUC CORPORATION (Japan), KUKA AG (Germany), Honeywell International Inc. (US), Krones AG (Germany), and others.

Palletizer Market worth $4.1 billion by 2029 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Thursday, April 4, 2024

A robotic palletizer is an advanced industrial machine equipped with robotic arms designed to automate stacking and organizing products onto pallets.

Key Points: 
  • A robotic palletizer is an advanced industrial machine equipped with robotic arms designed to automate stacking and organizing products onto pallets.
  • The market is segmented into various industries including food & beverage, chemicals, pharmaceuticals, cosmetics & personal care, e-commerce and retail, and textiles.
  • North America holds the largest market share of the palletizer market throughout the forecast period.
  • The report profiles key players in palletizer companies such KION GROUP AG (Germany), FANUC CORPORATION (Japan), KUKA AG (Germany), Honeywell International Inc. (US), Krones AG (Germany), and others.