recentpopularlog in

jerryking : consumer_goods   29

Tristan Walker on the Roman Empire and Selling a Start-Up to Procter & Gamble - The New York Times
By David Gelles
Dec. 12, 2018

Tristan Walker founded Walker & Company, a maker of health and beauty products for people of color, in 2013. On Wednesday, the company was acquired by Procter & Gamble for an undisclosed sum. The deal represents a successful exit for Mr. Walker and his investors. It also signals an effort by Procter & Gamble, the maker of Gillette, to reach new markets with its shaving products. But while many start-up founders make a hasty exit after getting acquired, Mr. Walker is planning to stay on and grow Bevel, his men’s shaving brand, and Form, his women’s hair care brand. “We’re a team of 15 with very grandiose ambitions,” he said of Walker & Company, which is based in Palo Alto, Calif., but will move to Atlanta as part of the deal. “We want this company and its purpose to still be around 150 years from now.”

What’s that book you’ve got there?

It’s “Parallel Lives” by Plutarch. I’ve really been getting into Greek and Roman mythology. I’m reading something right now about the history of Rome during the 53 years when they really came into power, and this idea of the Roman state growing, the Greek state growing, and the differences therein fascinate me beyond belief. I’ve just been devouring it for the past few weeks now.

Walker attended the Hotchkiss School in Lakeville, Conn. And from there, he got to see how the other half lived. It completely changed his life. He got to see what success could look like. He got to see what wealth was. And it completely changed his worldview.

How so?

I would walk down the halls and see last names like Ford, go to some classes and realize they’re Rockefellers. These are names that were in my imagination. It taught me the importance of name and what that can mean, not only for you but your progeny. When I started at Hotchkiss, I didn’t know what a verb was. So I spent all of my time in the library studying. I spent all of my time thinking about what I wanted to be when I grew up.

What are your priorities as you keep building the company?

I’m dedicating my life to the demographic shift happening in this country. Not only for Silicon Valley. Not only for business. But for this country’s competitiveness. It’s changing. And folks need to respect that and they need to celebrate it.
African-Americans  Bevel  biographies  books  demographic_changes  entrepreneur  entrepreneurship  exits  Form  insights  long-term  P&G  Romans  Silicon_Valley  start_ups  Tristan_Walker  wealth_creation  black-owned  brands  consumer_goods  personal_care_products  personal_grooming  founders 
december 2018 by jerryking
Hyena capitalism receives a swift kick from the Unilever giraffe
25 February/26 February 2017 | FT| Robert Armstrong.

the rise in hyena capitalism — broadly, the emphasis on squeezing the maximum present return out of assets — is an effect of low economic growth. When the number of US workers was increasing and innovation was delivering faster productivity growth, there were lots of reasons to invest. Today it just makes more sense to focus on cost.....More generally, it may be that, since the financial crisis, spooked managements and, in the case of public companies, investors have become increasingly risk averse — more so than the state of the economy would justify. So money piles up on balance sheets, is paid as dividends, or goes to repurchase shares. Investment falls, despite the availability of cheap credit to fund new projects.
It also looks increasingly likely that the change in management incentive structures, in particular the increase in share-based incentives and shortening tenures for top executives, have made company leaders less inclined to invest. there is a risk that it could become self-reinforcing. Lack of investment affects not just future productivity, but also demand. At the extreme, if no one invests, no one earns and there is no growth. If companies are forgoing opportunities to invest, they are depriving the economy of customers with money to spend.
More insidiously, it could be that hyena capitalism undermines trust in the institutions and mores that makes corporate capitalism possible in the first place. If workers know they are regarded as dispensable cost centres, why should they commit to learning company-specific skills and procedures? Why not shirk instead? If the gains from corporate transformations go overwhelmingly to investors and financiers, why should voters support free market policies?
Capitalism needs both giraffes and hyenas. But in a time of modest growth, low productivity growth and rising inequality, one must keep an especially close eye on the hyenas.
CPG  Unilever  3G_Capital  private_equity  public_companies  consumer_goods  Kraft_Heinz  inefficiencies  capitalism  sweating_the_assets  undermining_of_trust  deprivations 
march 2017 by jerryking
Procter & Gamble to slim down product lineup
By CANDICE CHOI and MICHELLE CHAPMAN
— Aug. 1, 2014

The world's largest consumer products maker said it will jettison more than half its brands around the globe over the next year or two, leaving it with about 70 to 80 of its top performers when the nips and tucks are complete. The maker of CoverGirl, Pampers and Tide declined to specify what exactly it will shed but noted they're smaller brands that collectively account for less than 10 percent of sales.
P&G  brands  consumer_goods 
august 2014 by jerryking
She wants to clean up the oil sands, in a non-toxic fashion - The Globe and Mail
Jun. 26 2013 | Globe and Mail | MARJO JOHNE.

Marlene Luck, president of Northern Canadian Supplies Ltd. in Fort McMurray, Alta., has big plans for her business, which sells environmentally friendly cleaning supplies and equipment, and safety work gear such as fire resistant clothing and hard hats, to schools, hospitals and seniors residences.

Since its launch eight years ago, Northern Canadian Supplies, which has eight employees and $616,000 in annual revenue, has expanded into Saskatchewan and British Columbia and has built warehouses in five Canadian cities. Its product catalogue is now 1,700 pages thick and includes brands from global giants such as Procter & Gamble and 3M.
aboriginals  small_business  green  consumer_goods  women  environmentally_friendly  P&G  3M  non-toxic  oil_sands  environmental_services 
june 2013 by jerryking
Delish Magazine, Sold Only at Walmart, Performs Remarkably Well - NYTimes.com
By STUART ELLIOTT
Published: February 24, 2013

The food category is doing better than many others in publishing as marketers of packaged foods seek to reach budget-conscious consumers who are eating at home rather than dining out. Examples include Food Network Magazine, recently introduced by Hearst as a joint venture with Scripps Networks Interactive, and Dash, a newspaper-distributed magazine and Web site in the Parade Publications division of Advance Publications.

The Meredith Corporation, which competes in the food category with magazines like Family Circle and Ladies’ Home Journal, has started a food Web site, Recipe.com; acquired a second, Allrecipes.com; and bought two food magazines, EatingWell and Every Day With Rachael Ray.
Wal-Mart  magazines  food  value-conscious  Hearst  budget-conscious  free  advertising  consumer_goods 
february 2013 by jerryking
P&G, General Mills Tap Into Startups - WSJ.com
February 15, 2013 | WSJ | By LORA KOLODNY.

P&G, General Mills Tap Into Startups
Alliances With Crowdfunding Site CircleUp Allow Big Firms a New Look at Trends
Big_Food  P&G  General_Mills  consumer_goods  large_companies  start_ups  crowd_funding 
february 2013 by jerryking
Africa's Growing Consumer Class Lures Multinationals - WSJ.com
JANUARY 13, 2011 | | By PETER WONACOTT

A Continent of New Consumers Beckons
As Disposable Incomes Continue to Climb, Multinationals Shift Focus From Resources to Retail
consumer_goods  disposable_income  Africa  multinationals 
january 2011 by jerryking
Africa on verge of investment bonanza - The Globe and Mail
Sep. 29, 2010 | Globe and Mail | Simon Avery — Investment
Reporter. In addition to financial services, prime growth sectors in
Africa include mining, construction and consumer goods. The mining of
iron ore has increased significantly in response to Chinese demand.
Breweries, phone companies and fast-food outlets are also seeing
revenues climb rapidly, but profit margins in the consumer sector will
remain razor-thin for a long time, Ms. Graham said.

One catalyst for African economic growth in recent years has been the
arrival of Chinese investors, who are building extensive infrastructure,
from roads to hotels, opening up countries such as Congo and Sierra
Leone where major Western investors have been hesitant to go, she said.
China considers Africa a key part of its 100-year industrialization plan
and is investing now to feed its resource needs for decades to come. It
is also buying African assets to reduce some of its huge surplus in
U.S. currency,
Simon_Avery  Africa  China  mining  financial_services  consumer_goods 
october 2010 by jerryking
Danone Expands Its Pantry to Woo the World's Poor - WSJ.com
JUNE 29, 2010 | Wall Street Journal | By CHRISTINA PASSARIELLO. Danone Expands Its Pantry to Woo the World's Poor.
Danone  multinationals  yogurt  consumer_goods  Bottom_of_the_Pyramid  dairy 
june 2010 by jerryking
Adding Zest to Recipes on Labels - WSJ.com
MARCH 18, 2010 | Wall Street Journal | By MIRIAM GOTTFRIED.
Test Kitchens Update Recipes. Some of the most beloved American dishes started as back-of-the-package recipes, designed in corporate test kitchens to sell more cans of soup, bags of noodles and boxes of cake mix. Campbell, for example, says 30 million "Green Bean Casseroles," a recipe created in 1955, are made using its cream-of-mushroom soup between Thanksgiving and Christmas each year. America's increasingly sophisticated palate, influenced by TV cooking shows, celebrity chefs and gourmet ingredients, presents a problem. Food companies need to figure out how to update their recipes to entice today's more ambitious cooks to use products that might otherwise sit on the shelf for months. The recipes must make cooks feel like they're doing more than just adding eggs to a mix, but not use so many ingredients to require a special trip to the store. If they get too trendy, they risk alienating
their core consumers.

Flip to Michael Fedyna
recipes  Nestlé  food  Kraft  grocery  consumer_goods  Campbell_Soup 
march 2010 by jerryking
Green-Products Makers Crank Up Marketing - WSJ.com
JANUARY 11, 2010 | Wall Street Journal | by ELLEN BYRON And
SUZANNE VRANICA. Some leading makers of environmentally friendly
household products are boosting their marketing firepower, mounting a
broader challenge to manufacturers of mainstream consumer goods by
launching major marketing campaigns, introducing new products and
upgrading their management teams with consumer-product industry
veterans. These firms compete with the likes of P&G and the Reckitt
Benckiser Group.
Seventh_Generation  Method_Products  green  consumer_goods  environmentally_friendly  P&G  new_products  CPG 
january 2010 by jerryking
J&J's New Baby
JUNE 18, 2007 | Business Week | By Arlene Weintraub
Johnson_&_Johnson  consumer_goods 
may 2009 by jerryking
How to Turn Trash Into Treasure - WSJ.com
April 13, 2007 | Wall Street Journal | By ELLEN BYRON. Under
pressure to deliver growth, a number of consumer-products titans,
including Procter & Gamble Co., Unilever and Colgate-Palmolive Inc.,
have been selling well-known but underperforming brands to better focus
on those with more potential. Smaller firms trying to play Dr.
Frankenstein have bought such familiar castoff brands as Sure and Right
Guard deodorants, Comet cleaner, Aqua Net styling products, Pert Plus
shampoo and Rit dye.
orphan_brands  resuscitation  marketing  consumer_goods  culling  P&G  Unilever  Colgate_Palmolive  CPG  divestitures  brands  under-performing  personal_care_products 
may 2009 by jerryking
Jeans, Healthy Snacks Draw Investors - WSJ.com
MARCH 17, 2009 | The Wall street Journall | by JOSEPH PEREIRA

Details surprising growth- trendventure investing in consumer-goods
companies. Examples include high-tech fabrics, "green" car components,
and healthy snacks.
private_equity  consumer_goods 
march 2009 by jerryking

Copy this bookmark:





to read