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Fairway raises $177.5 million in IPO

BY Katherine Boccaccio

New York — Fairway Group Holdings Corp., operator of the Fairway Market grocery chain, said Wednesday that it raised $177.5 million in its initial public offering after pricing the shares above the marketed range.

Fairway sold 13.65 million shares for $13 each, according to data compiled by Bloomberg, after offering them for $10 to $12. At the offering price, the company has a market value of about $536 million.

The shares, which represent a 33% stake, will be listed on the Nasdaq Stock Market under the symbol FWM.

Fairway Market started as a small neighborhood market in the 1930s, and today has 12 locations with a potential, it said, for more than 300.

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Crabtree & Evelyn teams with Demandware for digital/mobile commerce

BY Katherine Boccaccio

Burlington, Mass. — Demandware said Tuesday that Crabtree & Evelyn has re-launched its U.S. e-commerce site, Crabtree-evelyn.com, on the Demandware Commerce platform. In addition, Crabtree & Evelyn is leveraging Demandware’s web design capabilities to extend the online shopping experience to smartphones and tablets.

The 500+-store Crabtree & Evelyn also plans to use Demandware Commerce to support its global expansion strategy.

“As a global brand focused on growth, we needed a flexible solution — a platform that will enable us to rapidly expand our business and create highly customized, personalized brand experiences across channels and geographies. We chose Demandware’s cloud solution for its continual innovation and platform extensibility. Demandware Commerce will accelerate our time to market and enable us to grow our strategic digital channel,” said Kevin Coen, Crabtree & Evelyn president of the Americas.

Crabtree & Evelyn worked with Demandware LINK Solution Partner, SapientNitro, on the development and system integration of its new site. In addition, Crabtree & Evelyn leveraged several pre-built integrations to third-party technologies available through the Demandware LINK Technology Marketplace.

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M.Dai says:
Apr-18-2013 10:34 am

This is a very inspiring post. I am always very impressed by your musings. You post extremely helpful ideas. Keep it up. Keep blogging. Really looking forward to seeing your next article.
Flange Supplier

M.Dai says:
Apr-18-2013 10:34 am

This is a very inspiring post. I am always very impressed by your musings. You post extremely helpful ideas. Keep it up. Keep blogging. Really looking forward to seeing your next article.
Flange Supplier

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SymphonyIRI reverts to original name in rebranding move

BY CSA STAFF

SymphonyIRI Group president and CEO Andrew Appel announced this week that the company will revert to its original name, Information Resources, or IRI, as part of a rebranding strategy.

“Our rebranding signifies our promise to continue providing ingenious solutions and capabilities for our clients to enable growth in a highly fragmented, competitive and complex market,” Appel said “We are well positioned to be the catalyst that enables CPG and retail companies to take advantage of new opportunities.”

As the company positions itself to move forward, it goes back to its old name roughly three years after unveiling the name SymphonyIRI Group at its Summit meeting in San Antonio, and roughly one year after Appel joined the company as CEO.

The Symphony name was originally adopted as a nod to the private equity firm Symphony Technology Group, which owned IRI, but the name change never took hold and most in the retail and CPG world continued referring to the company by its familiar acronym. In June 2011, Symphony Technology Group sold its majority stake in IRI to New Mountain Capital.

Appel said he had met with more than 500 CPG and retail executives to discuss how IRI could help move their companies forward. Focusing on activating and accelerating growth across sales and marketing was a theme he said he heard repeatedly.

“IRI has a rich heritage of innovation and going beyond the data, leveraging advanced analytics and enabling technologies to help our clients excel and win,” adds Appel. “We have the leadership, the people, the unique assets and the distinctive capabilities to deliver on our new strategy and make a real difference for clients. We’re taking the best of what we’ve been boldly forward.”

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