Interbrand acquires London’s HMKM design consultancy
London — Interbrand announced that it has acquired one of the United Kingdom’s leading international retail design consultancies, HMKM. The move, which recognizes the importance of brand experience in an increasing digital and omnichannel retail environment, brings together two highly complementary companies, uniquely prepared to meet the challenges of the current retail landscape, Interbrand said.
HMKM, based in London, specializes in creating high-end, multi-dimensional retail environments for clients such as Selfridges, Galeries Lafayette, Nike, Breuninger and Bloomingdale’s.
“Retail brand experiences continue to evolve at a rapid pace,” said Jez Frampton, global CEO of Interbrand. “While physical stores will remain an essential point of access for the brand, those retailers that strategically integrate digital touchpoints will have the potential to revolutionize the brand experience. HMKM’s expertise in delivering holistic retail concepts, combined with Interbrand’s creative and strategic thinking, will bring tremendous value to our clients, creating richer and more engaging experiences seamlessly across channels and environments.”
Solomo launches Solomo Exchange 2.0
Madison, Wis. — Solomo Technology Inc. has launched Solomo Exchange 2.0, a comprehensive platform for location analytics and mobile engagement enabling rapid implementation and management of smart locations. With a smart location, retailers can activate devices and sensors to realize analytics, build and measure campaigns and enhance engagement across a facility, multi-floor building or entire organization. Consumers are given complete control of their personal identity and location information.
“In today’s hyper-connected mobile world, consumers expect increasingly personalized in-location experiences and we expect that not just when we shop, but when we travel, in the office, at sporting events, basically in all aspects of our life.” said Liz Eversoll, founder and CEO of Solomo. “Today, you wouldn’t build a Web site without analytics; in the same vein you want your location to have an equivalent level of intelligence.”
Pantry shareholders group expresses concern
Houston – Concerned Pantry Shareholders (CPS), a group led by JCP Investment Management LLC and Lone Star Value Management LLC, together a significant shareholder of The Pantry Inc. has sent an open letter to the shareholders of The Pantry. The letter highlights what CPS terms the prolonged underperformance at The Pantry and the critical need for significant change in the company’s board of directors.
The letter cites specific factors such as 10 years of negative total stockholder return amid $1.9 billion spent in acquisitions and capital expenses, management turnover including four CEOs in five years, and a debt load increase from $500 million to $900 million in the past 10 years.
CPS is urging shareholders to elect its three independent nominees, Todd Diener, James Pappas and Joshua Schechter, to serve on the board at the upcoming 2014 annual meeting. They would replace chairman of the board Ed Holman, chairman of the corporate governance and nominating committee Tom Murnane, and the chairman of the compensation committee Robert Bernstock.