Home Depot bought Home Way, a Chinese home improvement company, in 2006. The acquisition marked the first time Home Depot had expanded beyond North America. With a booming economy and strong real estate market, China seemed like an easy win for Home Depot. Within six years, the company had closed all its stores in China. […]
Carrefour SA has agreed to sell an 80% stake in its China unit for 4.8 billion yuan ($698 million) in cash to local retailer Suning.com Co. as it rethinks its exposure in the world’s No. 2 economy after years of decline. The yielding of control comes after a long search for a partner for […]
Booch News is able to reveal that category leader GTs Kombucha will soon be available in Europe. In an exclusive interview, Peter Groverman, CEO of international wellness-products distributor Grovara, detailed plans for GTs Kombucha to be made available in Iceland, Britain and The Netherlands. Iceland Grovara has already stocked shelves in Iceland with GTs Kombucha. With a population […]
It’s no secret the healthcare industry is in shambles, with the U.S. at the head of the frustration parade. The newest insights from the Deloitte 2019 Global health care outlook are shocking. Per-person health care spending in the U.S. is expected to reach $11,674 by 2022 (compared to just $54 in Pakistan). But the higher per-person spending doesn’t necessarily equate to higher-quality […]
The Grovara Launch Event this past Monday evening was a success! Thank you to all who attended for your continued support of Grovara. We hope you learned more about how Grovara is working to help US Health and Wellness Brands expand globally and we are excited for the future!
NAM on Announced U.S. Tariffs on Mexico Timmons: “These Proposed Tariffs Would Have Devastating Consequences on Manufacturers” Washington, D.C. – National Association of Manufacturers President and CEO Jay Timmons released the following statement on announced U.S. tariffs on Mexico: “Manufacturers, like so many Americans and like President Trump, are frustrated with our broken immigration system […]
The market for plant-based or lab-made meat could climb to $140 billion in the next 10 years as emerging companies capture a 10% share of the $1.4 trillion meat market, Barclays said Wednesday. In a new report, Barclays analysts led by Benjamin Theurer said investors and traditional food companies appear intrigued by the burgeoning sector, […]
SPINS May Newsletter features interesting research and insights on the growth of the organic category for today’s sustainability standards as well as emerging opportunities in candy and snacks. Additionally, on Wednesday May 22nd, SPINS is hosting a webinar titled “Consumer Insights to Power Your Sell Story,” using SPINS unique health and wellness consumer insights to […]