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United States Bakery spends lots of dough for Hostess bread brands

BY CSA STAFF

KANSAS CITY, Mo. — Hostess Brands announced that it has selected United States Bakery’s approximately $30.9 million offer as the winning bid for the company’s Sweetheart, Eddy’s, Standish Farms, and Grandma Emilie’s bread brands, four bakeries, and 14 depots, plus certain equipment.

The United States Bakery offer was selected as the highest and best bid at a March 15 auction. The company will ask the U.S. Bankruptcy Court for the Southern District of New York to approve the transaction at a hearing on April 9.

The final offer represents a 2.8 percent increase over United States Bakery’s original stalking horse bid.

Jones Day provided legal advice to Hostess Brands on all of the transactions. Perella Weinberg Partners served as the Company’s financial advisor.

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Walmart tops most valuable retail brands list

BY CSA STAFF

DAYTON, Ohio — Interbrand, a consultancy, has named Walmart the most valuable retail brand for 2013. The retailer retained its top spot from 2012.

Rising through the ranks were Macy’s, which increased brand value by 62% and moved up nine spots on the list to #40 and Amazon.com, which moved up to #4 on the list, growing brand value by 46%.

While consumer confidence continues to ebb and flow, energy abounds in the U.S. retail sector. The total brand value of this year’s top 50 brands is up 1.8%. Of the brands that are on the list again this year, 36 of them increased brand value while only 11 declined. The average brand on the list increased its value by over 6%, up from 4% in 2012. The threshold to earn a spot on the U.S. ranking has increased to $836 million; last year it took a brand value of $ 771 million to make the top 50.

There are some notable shifts in the U.S. top 10, but the top three brands hold their positions. Walmart maintains its #1 position by a huge margin with a brand value more than $141 billion, up 1% from last year. Target is in the #2 position with a value of $25 billion, up 7% from 2012. The Home Depot is solid at #3 with a brand value of nearly $23 billion. Amazon makes a big jump to #4 from last year’s #9. CVS/pharmacy is down one spot to #5; its brand value decreased 8%. Coach moves up one position to #6 with an 8% jump over last year, while Walgreens drops one notch to #7 with a 4% decline. Sam’s Club increases brand value by 5% and holds on to the #8 position. eBay ups its rank to #9 and Nordstom increases 7% to join the top 10. Best Buy falls out of the top 10 for the first time in the five years that we’ve ranked the top 50 most valuable retail brands with a brand value decline of 52%, which puts it at #13 on the list.

Three brands—Express, Cabela’s and Anthropologie—join the U.S. Most Valuable Retail Brands this year, while Toys “R” Us, Abercrombie & Fitch and Advance Auto Parts fall out of the ranking.

“The brands that make our list define the retail ecosystem and determine where it’s going,” says Justin Wartell, managing director of Interbrand Design Forum. “Their relevance combined with the influence of new brands with unique business models brings the evolving world of retail into focus—interconnected, immediate, always on, dynamic, memorable and sometimes unexpected.”

Visit BestRetailBrands.com to download the complete report.

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CVS Caremark to fund technology lab at Chicago State University’s College of Pharmacy

BY Staff Writer

New York — CVS Caremark has donated $250,000 to the Chicago State University’s College of Pharmacy for the development of the CVS Caremark Student Center and Technology Laboratory.

“This donation will help to improve the College’s physical space and technological resources, which greatly enhances student success within the College of Pharmacy. To say thank you is an understatement,” stated Dean Miriam Mobley Smith with the College of Pharmacy.

“CVS Caremark is pleased to support Chicago State University’s College of Pharmacy and its mission to educate and train new generations of pharmacists,” stated Papatya Tankut, VP pharmacy affairs at CVS Caremark. "The CVS Caremark Student Center and Technology Laboratory will help ensure that students are prepared for success in a rapidly evolving pharmacy industry."

The grant, disbursed over a five-year period, will support pharmacy students by providing:

Integrative learning: This laboratory will provide students with an opportunity for small group hands-on experiences in preparing for and conducting presentations and using new technology in their preparatory efforts;

Development of practical skills to enhance scholarship: The new center will be used to enhance faculty-student engagement. Through this experience students will improve and expand upon their oral, writing, and research skills; and

Social interaction: Students will work together to strengthen intercultural language, values and traditions to foster one-team spirit and objectives.

"This gift will create educational opportunities that will enable our pharmacy students to achieve success as individuals and contributors to the global healthcare community," added CSU president Wayne D. Watson. “We are grateful for the generosity of CVS Caremark, who supports our mission of teaching a diverse community of scholars.”

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Mar-19-2013 06:15 pm

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J.Jack says:
Mar-19-2013 06:15 pm

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