Destination Maternity withdraws offer for U.K.’s Mothercraft
Philadelphia — Destination Maternity Corp. has stopped its pursuit of the United Kingdom’s Britain’s Mothercare Plc chain after having two bid proposals rejected.
"We are disappointed that the shareholders of Mothercare have not supported our proposal and that the board of Mothercare was unwilling to allow us to conduct customary due diligence and engage in discussions," Destination Maternity CEO Ed Krell said in a statement on Friday. “We believe that there was a strong strategic rationale for the combination of these highly complementary businesses, which would have enhanced the product range of both companies, spanning the pregnancy to toddler life-cycle. We further believe the combination would have created a global leader in maternity, baby and children’s apparel and products capable of accelerating the growth and long-term development of both businesses across channels and in markets around the world.”
On 2 July 2014, Destination Maternity confirmed its interest in a possible combination with Mothercare and confirmed its submission of two non-binding written proposals for a possible combination, both of which had been rejected by Mothercare.
Bebe to roll out Qubit customer experience platform
Brisbane, Calif. – Bebe Stores Inc. plans to roll out the digital experience management platform from Qubit. Qubit’s technology helps marketers gain a deeper understanding of customer data to optimize the customer experience based on insights and intelligence.
Qubit recently launched its next-generation suite of digital intelligence applications, built on top of a sophisticated data model to deliver omni-channel personalization with pinpoint accuracy and immediacy. The platform also allows users to instantaneously measure the incremental uplift in revenue.
Quest Nutrition introduces protein chips
Protein is the hot nutritional trend these days and Quest Nutrition has found a way to create a first-of-its-kind baked chip with 21 grams of protein per serving.
The company bills its new Quest Protein Chips as the world’s first high-protein snack potato chip and contends the product offers a revolutionary potato chip experience. The chips are actually good for people, according to the company, as opposed to simply being less bad than other snacks high in fat and salt.
The chips took two years to develop and launched online in late July with retail distribution expected later this summer. Three flavors are available including sea salt, barbecue and cheddar and sour cream.
“At Quest Nutrition our goal is to revolutionize food by making healthy versions of traditionally unhealthy foods that people love to eat. We’re excited to introduce a product that delivers all the fun of potato chips with the health benefits of a high-quality protein meal,” said Quest co-founder and president Tom Bilyeu. “With the rollout of Quest Protein Chips, we hope to show our community of users that we are working tirelessly to give them the products they’ve always wished existed.”
In addition to 21 grams of protein derived from whey and milk, each bag contains five grams of carbohydrates and 1.5 grams of fat.
Quest Nutrition currently enjoys distribution of its other products in retailers such as GNC, Vitamin Shoppe and Whole Foods Markets.