LVMH: Imperial Splendours exhibition at the Palace Museum, Beijing

LVMH: Imperial Splendours exhibition at the Palace Museum, Beijing

 

Paris, 2017-Apr-26 — /EPR Retail News/ — Set in the Palace Museum, Beijing (formerly known as the Forbidden City), Imperial Splendours exhibition spans the history of the Maison from the end of the 18th century to the beginning of the 21st and illustrates the uninterrupted transmission of exceptional savoir-faire. Under the scientific direction of Henri Loyrette, the exhibition will run until July, 2nd and is built around Chaumet’s patrimonial wealth; a unique body of historic jewels, drawings and archives.

Some 300 works, jewels, paintings, drawings and objets d’art, illustrate Chaumet’s characteristic “art of jewellery”. Prestigious collections and prominent museums have come together to support the event, namely the Musée du Louvre, the Château de Fontainebleau and the Victoria and Albert Museum of London. Some of these pieces have left France or are on view to the public for the first time.

Through a selection of works belonging to the Palace Museum, the exhibition offers an exchange between the Chinese and French jewellery arts, imagined around a mutual culture of excellence, to unveil shared inspirations and reciprocal influences.

The king of jewels, diadems punctuate the exhibition from the beginning, till the final unveiling of the “Vertiges” diadem, born of the collaboration between Chaumet and Central Saint Martins. During centuries, Chaumet creations have echoed the excellence of the decorative arts, to become a major reference in the history of taste, the Parisian spirit and a certain French art de vivre.

On the occasion of this exhibition, two publications were edited: “Imperial Splendours. The art of jewellery since the 18th century” and “Chaumet. The art of jewellery since 1780″.

Contact:

LVMH Moët Hennessy – Louis Vuitton
22, avenue Montaigne, 75008 Paris – France
Tel: +33 (0)1 44 13 22 22
Fax: +33 (0)1 44 13 22 23

Source: LVMH

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Business of Fashion’s first ever annual report names H&M among the top global employers

Business of Fashion’s first ever annual report names H&M among the top global employers

 

H&M has made the Business of Fashion’s first ever annual report on The Best Companies to work for in Fashion in 2017, which spotlights the top global employers in the industry today.

STOCKHOLM, Sweden, 2017-Apr-26 — /EPR Retail News/ — “H&M’s commitment to being a great employer is made possible by listening to our employee’s feedback in order to make positive impacts to our organization. H&M’s values come together to form a culture where everyone can work together at a fast pace and rely on each individual’s unique knowledge, skills and experience.” says Helena Thybell, Global Head of HR of the H&M group.

Today (24 APR, 2017) the H&M group has over 161,000 employees globally and aims for diversity across all of its teams. Diversity creates positive energy, contributes to innovation and creativity and improves the ability to deal with change. Employees being their unique selves are highly valued and is an integral part of the company culture. H&M believes in early responsibility and from day one fosters an environment where it is possible to grow internally in a career in retail based on each employee’s individual strengths.

“At H&M we believe that our colleagues are one of our greatest strengths that contributed to our success and growth. We truly believe that working at H&M is not just a job but a long term career in the fashion industry,” says Karl-Johan Persson, CEO of the H&M group.

The Business of Fashion surveyed over 2,600 industry professionals, representing more than 190 leading fashion companies from around the world, for their first annual report on The Best Companies To Work For In Fashion. The report provides an objective assessment of the top global fashion employers based on 29 different data points and detailed qualitative feedback gathered. Employee sentiments were measured across three main indices: rewards and benefits; leadership and development; and working culture and environment. Based on overall performance, 16 companies were identified as the top performers and champions in one or more of these key areas.

For the full list of The Best Companies to Work for in Fashion 2017 please visit: businessoffashion.com/careers/best-fashion-companies-to-work-for/2017

Contact:

Phone: +46 8 796 55 00
Fax: +46 8 20 99 19

Source: H&M

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NRF: Consumers say they will spend more than ever on this year’s Mother’s Day

WASHINGTON, 2017-Apr-25 — /EPR Retail News/ — Consumers say they will spend more than ever on Mother’s Day this year as they shower moms with everything from jewelry to special outings at favorite restaurants, according to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics.

Mother’s Day shoppers are expected to spend an average of $186.39 for the holiday, up from last year’s $172.22. With 85 percent of consumers surveyed celebrating the holiday, total spending is expected to reach $23.6 billion. That’s the highest number in the survey’s 14-year history, topping last year’s previous record of $21.4 billion.

“With spring in full bloom, many Americans are looking forward to splurging on their mothers this Mother’s Day,” NRF President and CEO Matthew Shay said. “Retailers will be ready with a wide range of gift options and a variety of promotions for their customers.”

According to the survey, consumers plan to spend $5 billion on jewelry (purchased by 36 percent of shoppers), $4.2 billion on special outings such as dinner or brunch (56 percent), $2.6 billion on flowers (69 percent), $2.5 billion on gift cards (45 percent), $2.1 billion on clothing (37 percent), $2 billion on consumer electronics (15 percent) and $1.9 billion on personal services such as a spa day (24 percent).

The overall increase is expected to be driven largely by spending on jewelry, which is up 19 percent, and personal services, up 15 percent.

When it comes to “gifts of experience” such as tickets to a concert or hot air balloon ride, 28 percent want to receive such a gift, compared with 24 percent last year. Younger consumers in particular may be looking to create a special memory, with nearly half under the age of 35 planning to give such a gift.

“Consumers are planning to open up their wallets a little bit more to celebrate the women with the most important jobs in the world on Mother’s Day,” Prosper Principal Analyst Pam Goodfellow said. “We will see older Millennials (25-34) spend the most, and younger consumers are putting their online shopping skills to good use to purchase their moms the perfect gift.”

When searching for the perfect gift, 35 percent of consumers will head to department stores and 31 percent will shop at specialty stores such as florists, jewelers or electronics stores, while 24 percent plan to shop at a local small business. Meanwhile, 30 percent will shop online, up from 27 percent last year. Among smartphone owners, 34 percent will research gift ideas on their phones while 19 percent will use them to make a purchase.

The survey, which asked 7,406 consumers about their Mother’s Day plans, was conducted April 4-11 and has a margin of error of plus or minus 1.2 percentage points. Full data results will not be published on NRF.com but news media and analysts who require additional information can contact press@nrf.com.

About Prosper Insights & Analytics
Prosper Insights & Analytics delivers executives timely, consumer-centric insights from multiple sources. As a comprehensive resource of information, Prosper represents the voice of the consumer and provides knowledge to marketers regarding consumer views on the economy, personal finance, retail, lifestyle, media and domestic and world issues. www.ProsperDiscovery.com

About NRF
NRF is the world’s largest retail trade association, representing discount and department stores, home goods and specialty stores, Main Street merchants, grocers, wholesalers, chain restaurants and Internet retailers from the United States and more than 45 countries. Retail is the nation’s largest private sector employer, supporting one in four U.S. jobs — 42 million working Americans. Contributing $2.6 trillion to annual GDP, retail is a daily barometer for the nation’s economy.

SOURCE: NRF

Ana Serafin Smith
(202) 626-8189
press@nrf.com
(855) NRF-Press

Co-op Insurance, PitPat to offer wearable activity monitor for dogs

MANCHESTER, England, 2017-Apr-25 — /EPR Retail News/ — Co-op Insurance has partnered with PitPat to offer new policy holders a free ‘doggy Fitbit’, a wearable activity monitor for dogs.

Designed to monitor pet’s activity and calories, the PitPat communicates data via smart technology, which enables the policy holder to monitor their pet’s activity.

In doing so policy holders will benefit from peace of mind in the knowledge that their dog is getting the exercise it needs.

Shockingly, two thirds (60%) of vets’ cite obesity as the biggest health and welfare concern for UK pets, according to the British Veterinary Association.

Resident Co-op Insurance vet, Matt Brash commented: “Pet obesity is a rising problem in the UK, which, if left untreated can cause diabetes, heart disease and cancer, resulting in expensive veterinary treatment and emotional upset.”

Like black box insurance or telematics for motor insurance, PitPat measures levels of activity, which if adopted by insurers to measure individual pet health, could have the potential to bring down the premiums for owners with active dogs.

David Hampson, Head of Pet Insurance at Co-op added:

“Just like humans, prevention is paramount when it comes to our pet’s health and analysing real time data can help to achieve this. By better understanding dogs and how they behave, we’re able to directly correlate exercise with health. With this knowledge, owners are able to amend their pet’s routine in line with each individual breed’s exercise needs, and ensure that they enjoy an active and varied exercise routine.

“We want to help customers to take responsibility for their pet’s health as we recognise that lack of exercise is one of the main causes of pet obesity in this country. By providing new customers with an easy-to-use device we hope to help tackle this easily preventable disease and help educate pet owners along the way.”

Created by Dragon’s Den entrepreneur Andrew Nowell, PitPat accommodates different dog breeds and ages, enabling owners to tailor their pet’s routine to best suit their needs. RRP £39.99.

About Co-op Insurance

Co-op Insurance is a UK-based general insurer that operates principally within the personal lines segments of the motor and home insurance markets. The Co‑op Insurance underwrites the majority of business written, supplemented with some small lines of business where The Co‑op Insurance acts as a distributor or has a 100% reinsurance arrangement in place.

With more than 1.18m customers, The Co‑op Insurance is committed to ’Doing the Right Thing’ and always strives to treat customers and members fairly. The Co‑op Insurance pioneered the way in lowering the insurance premiums of young drivers as the first major insurer to launch a pay how you drive telematics insurance product for young drivers in 2011. Since launching the scheme, The Co‑op Insurance has saved its young drivers more than £7.2 million in their first year of driving.

SOURCE:  Co-operative Group Limited

Media Contact:

Rosie Bierley
Co-op Press Office
Mobile: 07980733251
Email: rosie.brierley@coop.co.uk

Cheddar’s Scratch Kitchen joins Darden’s portfolio of differentiated brands

ORLANDO, Fla., 2017-Apr-25 — /EPR Retail News/ — Darden Restaurants, Inc. (NYSE:DRI) today announced that it has completed the acquisition of Cheddar’s Scratch Kitchen (Cheddar’s) for $780 million in an all-cash transaction from its stockholders including private equity firms L Catterton and Oak Investment Partners. This follows the agreement that was announced on March 27, 2017. The transaction price is subject to customary post-closing adjustments. Darden also paid $10 million for certain Cheddar’s transaction-related tax attributes and reimbursed its equityholders for pre-closing capital expenditures on new restaurants under development.

Darden funded the acquisition with the proceeds of a $500 million offering of 3.850% senior notes due 2027, which were issued on April 18, 2017, together with cash on hand.

With the acquisition now complete, Cheddar’s joins Darden’s portfolio of differentiated brands which also includes Olive Garden, LongHorn Steakhouse, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V’s.

Cheddar’s features high-quality, made-from-scratch food at compelling prices in a polished yet warm atmosphere. Today, Cheddar’s has 165 locations, including 140 owned and 25 franchised, across 28 states.

About Darden
Darden is a restaurant company featuring a portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V’s. Our people equal our success, and we are proud to employ 165,000 team members in more than 1,600 restaurants. Together, we create memorable experiences for 380 million guests each year in communities across North America.

About L Catterton
L Catterton, formed in 2016 through the partnership of Catterton, LVMH and Groupe Arnault, is the largest consumer-focused private equity firm in the world, operating multiple funds out of seventeen offices across five continents. More information about L Catterton can be found at www.lcatterton.com.

About Oak Investment Partners
As a multi-stage venture capital firm, Oak Investment Partners focuses on high-growth opportunities in the Information Technology, Internet and Consumer, Financial Services Technology, Healthcare Information and Services and Clean Energy sectors. Oak Investment Partners’ goal is to help dynamic companies transform the way business is done.

SOURCE: Darden Restaurants, Inc. (Financial)

(Analysts) Kevin Kalicak (407) 245-5870
(Media) Rich Jeffers (407) 245-4189

SONIC® Drive-In introduces ice cream’s smoother, creamier cousin — the new Custard Concretes

SONIC® Drive-In introduces ice cream’s smoother, creamier cousin — the new Custard Concretes

America’s Drive-In Expands Menu with New Platform of Frozen Treats

OKLAHOMA CITY, 2017-Apr-25 — /EPR Retail News/ — SONIC® Drive-In (NASDAQ:SONC) introduces new Custard Concretes; ice cream’s smoother, creamier cousin. In one bite, the rich frozen Custard Concretes provide high-quality flavor found only at SONIC.

New to the SONIC mix-in options: Heath® Bar candy that guests can enjoy in their creamy Vanilla Custard Concrete. In addition, dessert lovers can choose from delightful flavor combinations like Dark Chocolate with OREO® Cookie Pieces, Strawberry made with M&M’S® Minis, Peanut Butter with Butterfinger®, Banana with Reese’s®, and Caramel made with Snickers®.

“The addition of Custard Concretes is a creamier way of eating ice cream, pairing a smooth textured frozen treat with classic candy and cookie mix-ins,” said Scott Uehlein, vice president of product innovation and development at SONIC. “We’re giving fans a deliciously new experience to try multiple flavor combinations evolving our frozen menu treats.”

The irresistible new Custard Concretes are only available for a limited time, so don’t miss your chance to experience these delectable dessert offerings at a drive-in near you.

OREO is a registered trademark of Mondelēz International group, used under license.

About SONIC®, America’s Drive-In®

SONIC, America’s Drive-In, is the nation’s largest drive-in restaurant chain serving approximately 3 million customers every day. More than 90 percent of SONIC’s 3,500 drive-in locations are owned and operated by local business men and women. For 64 years, SONIC has delighted guests with signature menu items, 1.3 million drink combinations and friendly service by iconic Carhops. Since the 2009 launch of SONIC’s Limeades for Learning® campaign in partnership with DonorsChoose.org, SONIC has donated $7.4 million to public school teachers’ classrooms nationwide to fund essential learning materials and innovative teaching resources to inspire creativity and learning in their students. To learn more about Sonic Corp. (NASDAQ/NM:SONC), please visit sonicdrivein.com and please visit or follow us on Facebook and Twitter. To learn about SONIC’s Limeades for Learning initiative, please visit LimeadesforLearning.com.

SOURCE: SONIC Drive-In

Cohn & Wolfe
Matthew Young, 512-542-2802
Matthew.Young@cohnwolfe.com

News Provided by Acquire Media

 

US Foods to acquire meat manufacturing company FirstClass Foods

ROSEMONT, Ill., 2017-Apr-25 — /EPR Retail News/ — US Foods today announced that it has agreed to acquire FirstClass Foods, a privately owned meat manufacturing company based in Hawthorne, Calif. with nearly $55 million in annual sales.

FirstClass Foods has been delivering high quality center of the plate products to customers throughout Southern California since 1962. The company specializes in custom processing and portion control cuts of beef, pork, lamb, veal, poultry, seafood and specialty products.

“US Foods has worked with FirstClass Foods for years and we’ve experienced the company’s commitment to high quality products and consistency,” said David Norton, president, US Foods’ Stock Yards. “This acquisition will allow us to expand our center of the plate offering and better serve our customers throughout southern California.”

“We are excited about this new phase of our partnership with US Foods,” said Solly Benzimra, president, FirstClass Foods. “From the very beginning, we have delivered on our commitment to our customers and we are looking forward to the next chapter for our company as part of US Foods.”

US Foods will operate out of the 50,000 square foot facility in Hawthorne as a US Foods Stock Yards facility where FirstClass Foods operates today and expects to welcome its more than 100 employees to the company.

The transaction is expected to close by the end of April. Terms of the acquisition were not disclosed.

About US Foods

US Foods is one of America’s great food companies and a leading foodservice distributor, partnering with approximately 250,000 chefs, restaurateurs and foodservice operators to help their businesses succeed. With nearly 25,000 employees and more than 60 locations, US Foods provides its customers with a broad and innovative food offering and a comprehensive suite of e-commerce, technology and business solutions. US Foods is headquartered in Rosemont, Ill. and generates approximately $23 billion in annual revenue. Discover more at www.usfoods.com.

SOURCE: US Foods, Inc.

US Foods
Sara Matheu
(847) 720-2392
Sara.Matheu@usfoods.com

CarMax elects Sona Chawla to its board of directors

CarMax elects Sona Chawla to its board of directors

RICHMOND, Va., 2017-Apr-25 — /EPR Retail News/ —  CarMax, Inc. (NYSE:KMX) today (April 24, 2017) announced that its board of directors has elected Sona Chawla to membership on the board. Chawla will serve on the Audit Committee.

Chawla, 49, is the Chief Operating Officer of Kohl’s, a position she has held since November 2015. Before joining Kohl’s, she served at Walgreens as its President of Digital and Chief Marketing Officer from February 2014 to November 2015 and as its President, E-commerce from January 2011 to February 2014. Chawla has 16 years of experience in digital and retail.

“Sona brings to the CarMax board extensive retail expertise and a true talent for developing e-commerce initiatives that drive an exceptional customer experience,” said Bill Nash, chief executive officer of CarMax. “She’s a highly valuable addition to our board as CarMax continues to build a seamless integration between the in-store and online customer experience.”

About CarMax

CarMax is the nation’s largest retailer of used cars and operates more than 170 stores in 39 states nationwide. CarMax revolutionized the auto industry by delivering the honest, transparent and high-integrity car buying experience customers want and deserve. For more than 20 years, CarMax has made car buying more ethical, fair and stress-free by offering a no-haggle, no-hassle experience and an incredible selection of vehicles. CarMax makes selling your car easy too, by offering no-obligation appraisals good for seven days. At CarMax, we’ll buy your car even if you don’t buy ours®. CarMax has more than 24,000 associates nationwide. During the 12 months ending February 28, 2017, the company retailed 671,294 used cars and sold 391,686 wholesale vehicles at its in-store auctions. For more information, access the CarMax website at www.carmax.com.

SOURCE: CarMax Business Services, LLC

CarMax, Inc.
Investors:
Katharine Kenny
Vice President, Investor Relations
(804) 935-4591

Celeste Gunter
Manager, Investor Relations
(804) 935-4597

or

Media:
(855) 887-2915
pr@carmax.com

Fashion Transparency Index: H&M ranked number three out of 100 companies in the list

Fashion Revolution has published their latest Fashion Transparency Index, evaluating supply chain transparency and working conditions in textile factories. We are very happy to be ranked number three out of 100 companies in the list. Fashion Revolution Week creates awareness on some of the most important issues in the textile industry, issues that are important parts of our sustainability work to create greater transparency and good working conditions across the fashion industry.

STOCKHOLM, Sweden, 2017-Apr-25 — /EPR Retail News/ — At H&M we are serious about transparency and – despite the challenges – are making good progress towards it. Transparency is also an important corner stone of our new sustainability strategy. We believe that supplier disclosure is a key factor of transparency. That is why we were the first fashion retailer to make our supplier list public in 2013 and why we continuously add more information to the list. As part of our new strategy, we have recently updated our supplier list again which now covers 56% of second tier factories.

For this year’s Conscious Exclusive collection, that was launched April 20, we introduced a transparency pilot and present a transparency layer on hm.com for all products in the women’s collection. Information that is communicated on hm.com includes: the factory’s name and address, number of workers, worker interviews, information about the materials, information about the design team and how to take care of the garment. To be able to publish this detailed information is an important step forward in our work toward a more transparent fashion industry.

As one of the founding members of the Sustainable Apparel Coalition (SAC), we share our commitment to drive transparency across the fashion industry as well. One goal is to develop a consumer labelling system that allows customers to compare products’ sustainability performance, also between different brands. This will make it possible for customers to influence companies to a much greater extent than today. The more informed customers become the more pressure they will put on companies to act sustainably.

Read more about our sustainability work at www.hm.com/sustainability.

Read the Fashion Transparency Index published by Fashion Revolution.

Contact:
Phone: +46 8 796 55 00
Fax: +46 8 20 99 19

Source: H&M

H&M unveils collection with platinum-selling recording artist Zara Larsson

H&M unveils collection with platinum-selling recording artist Zara Larsson

 

H&M is thrilled to reveal its fashion collaboration with platinum-selling recording artist Zara Larsson. The capsule collection – inspired by the Swedish pop sensation’s style – features strong graphics and edgy streetwear pieces, and will be available globally in selected stores, as well as online, from 18 May.

STOCKHOLM, Sweden, 2017-Apr-25 — /EPR Retail News/ — Known for her playful and empowering songs, the Zara Larsson >< H&M capsule collection not only reflects the same messages of fierce and feminine women, but also the pop star’s personal style. Pieces such as an oversized hoodie and t-shirt dress, both emblazoned with hot pink graphics and strong feminist messages, are balanced by more body-con shorts and tops. The colour palette is dominated by a range of pinks, with silver and black as complements, while velour, denim, mesh fabrics and cotton jersey are the main materials.

“I am really excited to finally share my collection with H&M. I have had so much fun working with them to design pieces and create a campaign that reflects my personality. I can’t wait to see how girls everywhere wear the pieces to add to their own personal style” says Zara Larsson

Zara was part of the design process every step of the way, having a say in everything from the prints and colours to cut and fit. For instance, pink was chosen not only because it’s one of her favourite colours, but also because “it’s feminine, powerful and everyone looks good in it,” according to her.

“Zara is such an inspiration to fashion and music lovers all around the world. Her energy is so positive and sincere, which together with her was easy to translate into the designs. We also looked a lot at what Zara wears on and off the stage, making sure to incorporate her show-meets-street style,” says Pernilla Wohlfahrt, Head of Design and Creative Director at H&M.

#ZaraLarsson #HM

Contact:
Phone: +46 8 796 55 00
Fax: +46 8 20 99 19

Source: H&M

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Center for Retail Compliance, National Association for Environmental Management partner over NAEM’s 2017 Environmental, Health, Safety (EHS) Management Forum

Arlington , VA, 2017-Apr-25 — /EPR Retail News/ — The Center for Retail Compliance (CRC) announced today ( 4/24/2017) a new partnership with the National Association for Environmental Management (NAEM) to ensure that a strong thread of retail-specific content will be on the agenda for NAEM’s 2017 Environmental, Health, Safety (EHS) Management Forum.

The Forum brings together environmental, health, and safety (EHS) and sustainability decision-makers for education, networking, and best practice discussions. The CRC is an initiative of the Retail Industry Leaders Association (RILA) established in 2013 to provide retailers and industry stakeholders with access to retail-specific information, tools, and solutions pertaining to state and federal environmental regulations.

Together, the two organizations will provide Forum attendees programming relevant to EHS and sustainability professionals across all industries, including retail.

“We’re excited to partner with NAEM for the 2017 EHS Management Forum. We’re confident that, as the premier event for environmental, health, and safety and sustainability professionals, the Forum will provide our members a unique opportunity to discuss environmental compliance challenges with peers across other industries, while still offering the education and networking they valued from the RILA conference,” said Tiffin Shewmake, executive director of the CRC.

“Strengthening our Forum program to focus on issues that are relevant to retailers is a natural outgrowth of NAEM’s mission. We believe this strategic partnership with CRC will create a unique networking opportunity for our community and build a new path for future collaboration between our organizations,” said NAEM Executive Director Carol Singer Neuvelt.

NAEM’s EHS Management Forum, now its 25th year, will take place October 25-27 in Fort Lauderdale, Florida. The CRC will also host a meeting for retail environmental compliance professionals on October 24.

RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.

Contact:

Christin Fernandez
Vice President, Communications
Phone: 703-600-2039
Email: christin.fernandez@rila.org

Source: RILA

Darden Restaurants to acquire Cheddar’s Scratch Kitchen for $780 million in an all-cash transaction

ORLANDO, Fla., 2017-Apr-25 — /EPR Retail News/ — Darden Restaurants, Inc. (NYSE:DRI) today (April 24, 2017) announced that it has completed the acquisition of Cheddar’s Scratch Kitchen (Cheddar’s) for $780 million in an all-cash transaction from its stockholders including private equity firms L Catterton and Oak Investment Partners. This follows the agreement that was announced on March 27, 2017. The transaction price is subject to customary post-closing adjustments. Darden also paid $10 million for certain Cheddar’s transaction-related tax attributes and reimbursed its equityholders for pre-closing capital expenditures on new restaurants under development.

Darden funded the acquisition with the proceeds of a $500 million offering of 3.850% senior notes due 2027, which were issued on April 18, 2017, together with cash on hand.

With the acquisition now complete, Cheddar’s joins Darden’s portfolio of differentiated brands which also includes Olive Garden, LongHorn Steakhouse, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V’s.

Cheddar’s features high-quality, made-from-scratch food at compelling prices in a polished yet warm atmosphere. Today, Cheddar’s has 165 locations, including 140 owned and 25 franchised, across 28 states.

About Darden
Darden is a restaurant company featuring a portfolio of differentiated brands that include Olive Garden, LongHorn Steakhouse, Cheddar’s Scratch Kitchen, Yard House, The Capital Grille, Seasons 52, Bahama Breeze and Eddie V’s. Our people equal our success, and we are proud to employ 165,000 team members in more than 1,600 restaurants. Together, we create memorable experiences for 380 million guests each year in communities across North America.

About L Catterton
L Catterton, formed in 2016 through the partnership of Catterton, LVMH and Groupe Arnault, is the largest consumer-focused private equity firm in the world, operating multiple funds out of seventeen offices across five continents. More information about L Catterton can be found at www.lcatterton.com.

About Oak Investment Partners
As a multi-stage venture capital firm, Oak Investment Partners focuses on high-growth opportunities in the Information Technology, Internet and Consumer, Financial Services Technology, Healthcare Information and Services and Clean Energy sectors. Oak Investment Partners’ goal is to help dynamic companies transform the way business is done.

Contact:

Financial (Analysts)
Kevin Kalicak
(407) 245-5870

(Media)
Rich Jeffers
(407) 245-4189

SOURCE: Darden Restaurants, Inc.

Soylent, Los Angeles, CA voluntarily recalls 890 boxes of Soylent 1.8 Powder

Los Angeles, CA, 2017-Apr-25 — /EPR Retail News/ — Soylent, Los Angeles, CA is voluntarily recalling 890 boxes of Soylent 1.8 Powder, because it may contain undeclared milk. People who have an allergy or severe sensitivity to milk run the risk of serious or life-threatening allergic reaction if they consume these products.

It has recently come to our attention that a small amount of whey powder may have been incorporated into one production lot of Soylent 1.8 powder during manufacturing at our third party facility. As a precautionary measure we have halted shipments of Soylent 1.8 powder (SKU: 1WK-V108) with Lot #: G7076PA, Expiration / Best Buy date: 02/2018. The lot information (G7076PA) is printed on the front of the pouch. We are advising our customers to immediately discard any remaining Soylent 1.8 powder in their possession from the lot referenced above.

Our shipping records indicate that we have shipped 890 boxes (containing 7 x 15oz pouches) of this lot to 610 customers. We have started shipping newer lots to customers and do not anticipate an interruption in supply at this time.

No illnesses have been reported to date in connection with this issue, and this will not impact future shipments of Powder 1.8.

This voluntary recall is immediately being initiated after it was discovered that the milk-containing product was handled adjacent to the production lines for Soylent 1.8 powder. Subsequent investigation indicated that the potential cross-contact was caused by a temporary breakdown in our 3rd party manufacturer’s production and packaging processes.

As a customer who has purchased this lot (Lot #: G7076PA, Expiration / Best Buy date: 02/2018) of Soylent 1.8 powder, we are offering a full refund or replacement. You may request a refund/replacement at info@soylent.com.

We apologize for any inconvenience this may cause. As you know, transparency is one of our core values and your health and well-being is our number one priority. If you have any questions or comments please do not hesitate to contact us at info@soylent.com.

We thank you for your understanding and support.

Consumers Contact:

info@soylent.com

Source: FDA

Dog Food by Party Animal Recalled

Texas, 2017-Apr-25 — /EPR Retail News/ — The safety of pets is and always will be our first priority. We sincerely regret the reports of the discomfort experienced by the pet who consumed this food. As pet parents ourselves, we take this matter seriously. On April 13, a retailer in Texas notified us that their customer had presented samples of our 13-ounce-can Cocolicious Beef & Turkey dog food (Lot #0136E15204 04, best by July 2019) and 13-ounce-can Cocolicious Chicken & Beef dog food (Lot #0134E15 237 13, best by August 2019) to a testing lab, and that the results had tested positive for pentobarbital. We have requested those results.

When we were notified, we immediately tracked the lot numbers of the food in question and determined that the food had been manufactured and distributed in 2015. We then contacted the two probable retailers that had sold the customer the food and asked them to isolate all remaining cans from these lots. If pet parents have cans with either of those lot numbers in their possession, they should return them to the place of purchase and will of course receive a full refund.

We also requested that the retailers send all of the cans from those lots to us so that we can forward them on to an accredited independent laboratory for independent testing. We expect to receive the results in 7 to 10 days. We first saw the formal report from the lab at Texas A&M regarding the customer’s samples, today, April 17.

Out of an abundance of caution, we are retrieving the remainder of these two lots nationwide. We are working with our distributors and retailers to determine if any additional beef-flavored products manufactured during this 2015 production period remain on shelves and, if so, to retrieve them from shelves, immediately, as well.

Party Animal wishes to emphasize that we have submitted many recent lots of our beef flavors for testing and all have tested negative for any pentobarbital. We have also had extensive discussions with our manufacturer regarding the potential cause of the reported contamination of the 2015 lots, and we will continue with such discussions even as we await testing results for the 2015 lots. In order to ensure adherence to our commitment to the safety of pets, we are also actively re-examining our manufacturing processes.

Consumers Contact:

323-207-4100

Source: FDA

SHARE BUYBACK UPDATE: AHOLD DELHAIZE REPURCHASED 1,417,514 OF AHOLD DELHAIZE COMMON SHARES FROM APRIL 18, 2017 UP TO AND INCLUDING APRIL 21, 2017

Zaandam, the Netherlands, 2017-Apr-25 — /EPR Retail News/ — Ahold Delhaize has repurchased 1,417,514 of Ahold Delhaize common shares in the period from April 18, 2017 up to and including April 21, 2017. The shares were repurchased at an average price of €18.74 per share for a total consideration of € 26.6 million. These repurchases were made as part of the €1 billion share buyback program announced on December 7, 2016.

The total number of shares repurchased under this program to date is 16,988,215 common shares for a total consideration of €338.2 million.

Download the share buyback transactions excel sheet for detailed individual transaction information under “Files to download” (on the right).

Visit www.aholddelhaize.com/en/investors/shareholders/share-buy-back-programs for a complete overview of all Ahold Delhaize share buyback programs.

Contact:

Ellen van Ginkel
Director External Communications
media.relations@aholddelhaize.com
+31 88 6595134

Source: Ahold Delhaize

JCPenney, SEPHORA add 70 new SEPHORA inside JCPenney locations and 32 expansions

JCPenney, SEPHORA add 70 new SEPHORA inside JCPenney locations and 32 expansions

 

  • SEPHORA inside JCPenney Stores Offer Same-Day Pick Up of Online Orders
  • Growth Spurs Expanded Assortment Online and the Hiring of Over 800 Beauty Consultants

PLANO, Texas, 2017-Apr-25 — /EPR Retail News/ — JCPenney [NYSE: JCP] and SEPHORA are making beauty accessible to even more customers across the country with the addition of 70 new SEPHORA inside JCPenney locations and 32 expansions beginning May 5. Introduced in 2006, SEPHORA inside JCPenney is an exclusive beauty destination offering a curated selection of leading makeup, fragrances, skin and haircare brands that will be available in nearly 650 JCPenney stores in 2017.

“Creating a best-in-class beauty experience in stores is one of our biggest advantages over the competition. Since establishing the first Sephora inside JCPenney over 10 years ago, beauty has become a formidable growth strategy that makes our brick and mortar stores a dynamic and inspiring place to shop,” said Marvin R. Ellison, chairman and CEO of JCPenney. “We are also taking an omnichannel approach to shopping Sephora inside JCPenney by strengthening our technology and infrastructure to reach new beauty customers through JCPenney.com. We’ve launched the ability for customers to purchase Sephora online and pick up their order at a JCPenney store the same day. This is one example of how we’re delivering on the customer’s expectations for accessibility and convenience.”

With new innovations inspiring constant demand for beauty, JCPenney has significantly expanded its SEPHORA offering to include a broader assortment of products, tools, shades, colors and fragrances available at JCPenney.com. And soon, JCPenney will also introduce a new online feature that will enable clients to book a comprehensive custom makeover with a SEPHORA beauty consultant.

SEPHORA inside JCPenney shops feature a unique open-sell environment encompassing up to 2,600 square feet of cosmetics, skincare, fragrance and beauty accessories. In addition to the 70 new locations opening over the next few months, 32 existing SEPHORA inside JCPenney shops will expand in size by nearly 50 percent to accommodate more products and client services, such as Benefit Brow Bars, which will be introduced to 25 new and existing SEPHORA inside JCPenney locations. A key component of the SEPHORA inside JCPenney experience are the beauty consultants who provide unbiased expert advice on color trends, skincare and grooming solutions. As part of the beauty expansion, the Company will hire an additional 800 consultants nationwide.

SEPHORA inside JCPenney features an expansive array of more than 50 brands including Origins®, SEPHORA Collection, Kat Von D®, Make Up For Ever®, Nars®, Urban Decay® and Kate Somerville®. Starting this spring, Clinique®, one of America’s leading cosmetic brands, as well as, Anastasia Beverly Hills, belif, Laura Mercier®, Caudalie®, Farmacy®, Fresh® and Tarte® will expand to additional SEPHORA inside JCPenney locations. SEPHORA inside JCPenney also has new haircare brands such as Dry Bar®, Living Proof® and Bumble and bumble® now available in stores. To discover which brands meet their needs, clients are encouraged to try and test product samples as specially trained beauty consultants provide recommendations.

“We are exceptionally proud of our SEPHORA inside JCPenney partnership. JCPenney is a powerhouse retailer, and we are excited to share the SEPHORA experience with even more JCPenney customers this year,” said Satish Malhotra, executive vice president and chief operating officer of Sephora Americas. “As we celebrate 10 years together, we look forward to serving more markets that we have not yet reached, inspiring our new and existing clients to learn, play and get inspired by beauty.”

JCPenney is one of the only retailers to offer a comprehensive beauty and fashion solution that addresses women’s aspirations for a pulled together head-to-toe look. To encourage cross-promotion within the store, JCPenney salons and SEPHORA inside JCPenney will support a special “Love Mom” event planned for May 6, in participating stores. The dedicated Mother’s Day event will provide complimentary skin and hair consultations, including Xpress Bar salon touch-ups.

For a complete list of SEPHORA inside JCPenney 2017 openings, expansions and images, please visit jcpnewsroom.com/SephorainsideJCPenney.

About JCPenney:
J. C. Penney Company, Inc. (NYSE:JCP), one of the nation’s largest apparel and home furnishings retailers, is on a mission to ensure every customer’s shopping experience is worth her time, money and effort. Whether shopping jcp.com or visiting one of over 1,000 store locations across the United States and Puerto Rico, she will discover a broad assortment of products from a leading portfolio of private, exclusive and national brands. Supporting this value proposition is the warrior spirit of over 100,000 JCPenney associates worldwide, who are focused on the Company’s three strategic priorities of strengthening private brands, becoming a world-class omnichannel retailer and increasing revenue per customer. For additional information, please visit jcp.com.

About SEPHORA Americas:
Bold, Boundless, addictive – SEPHORA. A revolutionary beauty retailer, SEPHORA has been changing the face of prestige cosmetics since its industry-shaking debut in 1970s Paris. SEPHORA was acquired by leading luxury group LVMH Moët Hennessy Louis Vuitton in 1997 and launched its innovative concept stateside in 1998, where its dynamic, open-sell atmosphere evolved by merging the freedom of experimentation and product discovery with the expertise of personal consultants. Today, stores are home to a curated assortment of 200 world-class brands – including classics, cult favorites, emerging collections and SEPHORA’s own private label, SEPHORA COLLECTION – and feature more than 14,000 unique products across makeup, skincare, perfume, haircare, body, professional tools, and more. Powered by SEPHORA University, SEPHORA is the beauty education hub, offering customized consultations at the Beauty Studio, a variety of complimentary classes and one-on-one service from Personal Beauty Advisors, along with exclusive retail technology including SKINCARE IQ, COLOR IQ and Scentsa, resulting in the most expansive educational services in beauty retail. With over 1,780 locations in 29 countries – including 370 in North America and 546 SEPHORA inside JCPenney locations – SEPHORA is an international force in beauty. Adding to its global retail network, SEPHORA’s award-winning website, SEPHORA.com, and its every-growing presence on Twitter, Facebook and Pinterest, make it the world’s premier digital beauty destination. SEPHORA’s vibrant, interactive online community, Beauty Talk, amplifies the in-store experience by offering clients exclusive access to personalized beauty advice from SEPHORA’s PRO Artistry Team and provides a platform for open dialogue with beauty aficionados from around the world. For the latest in beauty, please visit SEPHORA.com.

Media Relations:
(972) 431-3400
jcpnews@jcp.com
Follow us @jcpnews

Source: J. C. Penney Company, Inc.

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Chow Tai Fook Jewellery Group and DFS Group to open boutique at T Galleria by DFS, Hawaii

Chow Tai Fook Jewellery Group and DFS Group to open boutique at T Galleria by DFS, Hawaii

 

MACAU, 2017-Apr-25 — /EPR Retail News/ — Chow Tai Fook Jewellery Group Limited, (“Chow Tai Fook”), a distinguished jeweller with more than 2,300 POS worldwide, and DFS Group (“DFS”), the world’s leading luxury travel retailer, signed an agreement today, April 24, 2017, to introduce Chow Tai Fook to the Hawaii market this May with its first-ever branded boutique at T Galleria by DFS, Hawaii.

The new Chow Tai Fook boutique is situated at T Galleria by DFS, Hawaii, located on Royal Hawaiian Avenue in the heart of Honolulu, the capital and largest city of Hawaii, and close to the iconic Waikiki Beach and its luxurious resorts. Offering over 140 brands across the retailer’s five pillars of luxury – Beauty and Fragrances, Fashion and Accessories, Watches and Jewellery, Wines and Spirits and Food and Gifts – T Galleria by DFS is a prime shopping destination for travellers seeking leading international luxury brands as well as the very best Hawaiian-made products. Hawaii, known for its stunning landscape, delicious cuisine and unique culture, is also a popular wedding and honeymoon destination and jewellery has fast become a key category for travellers to the islands.

Covering approximately 970 square feet, the Chow Tai Fook boutique will offer a wide spectrum of jewellery products including gem-set jewellery, fixed-price gold products and platinum & karat gold jewellery, in tandem with exclusive collections such as Oriental Blessings and Jardin Magique. Chow Tai Fook’s Hearts On Fire branded diamond and wedding jewellery will also be available in-store, including its premium design-oriented exclusive collections such as Flight of Radiance and Rhythm of Snow.

Chow Tai Fook Managing Director, Kent Wong, remarked, “The signing ceremony marks a key milestone in the partnership between Chow Tai Fook and DFS. We are excited to bring the first-ever Chow Tai Fook branded store to Hawaii, supported by DFS’ extensive retail expertise, in order to capture the vast growth potential of leisure spending in the Hawaii market.”

Philippe Schaus, CEO of DFS Group said, “We are proud to be Chow Tai Fook’s partner in bringing their exquisite collections to travellers in Hawaii. With over 50 years of experience in Hawaii, we are confident that T Galleria’s reputation as the world traveller’s preferred destination for luxurious shopping will attract many new customers to Chow Tai Fook.”

Discover Hawaii’s first Chow Tai Fook branded boutique this May at T Galleria by DFS, Hawaii at 330 Royal Hawaiian Avenue Honolulu, Hawaii.

MEDIA CONTACTS:
press.enquiries@dfs.com

Source: DFS

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Weingarten Realty 1Q 2017: Rental rates on new leases and renewals up 9.5%

HOUSTON, 2017-Apr-25 — /EPR Retail News/ — Weingarten Realty (NYSE: WRI) announced today (4/24/2017) the results of its operations for the quarter ended March 31, 2017. The supplemental financial package with additional information can be found on the Company’s website under the Investor Relations tab.

First Quarter Operating and Financial Highlights

  • Net income attributable to common shareholders (“Net Income”) for the quarter was $0.24 per diluted share (hereinafter “per share”) compared to $0.85 per share in the same quarter of 2016;
  • Core Funds From Operations Attributable to Common Shareholders (“Core FFO”) for the quarter increased 7% to $0.61 per share from $0.57 per share a year ago;
  • Same Property Net Operating Income (“SPNOI”) including redevelopments increased 3.7% over the same quarter of the prior year;
  • Rental rates on new leases and renewals were up 9.5%; and
  • Dispositions for the quarter totaled $47.4 million and transactions closed after quarter-end totaled an additional $52.2 million.

Financial Results

The Company reported Net Income of $30.8 million or $0.24 per share for the first quarter of 2017, as compared to $107.1 million or $0.85 per share for the same period in 2016. This variance was due primarily to higher gains on sales of properties and a gain on the acquisition of partnership interests during 2016.

Funds From Operations attributable to common shareholders in accordance with the National Association of Real Estate Investment Trusts definition (“NAREIT FFO”) was $74.4 million or $0.57 per share for the first quarter of 2017 compared to $66.3 million or $0.52 per share for 2016. The increase is primarily due to increased rental rates, incremental income from our new developments and redevelopments, and the significant acquisitions completed in 2016. Reduced interest expense from favorable debt refinancings and proceeds from the 2016 issuance of shares also contributed to the increase; however, these increases were offset by the dilution resulting from the issuance of shares on a per share basis. Additionally, reducing NAREIT FFO for 2017 by $.04 per share were lease termination payments and impairments of non-operating property, net of the related tax benefit. In 2016, NAREIT FFO included $.05 per share of non-cash tax expense related to a gain in its taxable REIT subsidiary. These items were added back in arriving at Core FFO. Core FFO for the quarter ended March 31, 2017 was $79.5 million or $0.61 per share compared to $72.3 million or $0.57 per share for the same quarter of last year, a 7% increase.

A reconciliation of Net Income to NAREIT FFO and Core FFO is included herein.

During the quarter, the Company closed $47.4 million of dispositions and an additional $52.2 million subsequent to quarter end. These dispositions included three centers in Texas, one each in Florida and Arizona and three land parcels.

Portfolio Activity

The Company purchased a condominium interest in The Whittaker, a six-story mixed-use project co-developed with Lennar in West Seattle. The Company will begin build-out of the 63,000 square foot retail portion of this development immediately with completion expected in early 2018. The Company also purchased a land parcel adjacent to one of its Phoenix shopping centers to allow the addition of a multi-tenant building to the property.

The Company’s new development and redevelopment programs include the following:

  • The Gateway Alexandria, a premier, mixed-use development in Alexandria, Virginia, that will include 282 multi-family units, 100,000 square feet of retail anchored by a 62,000 square foot Harris Teeter grocery store, 23,000 square feet of office and a below-grade parking garage. The Company’s net investment upon completion is estimated at $181 million before the planned sale of the majority of the office and all of the residential components. The land was purchased in late 2016 and development is underway.
  • Columbia Pike, a premier, mixed-use project in Arlington, Virginia, will include 330 multi-family units and 65,000 square feet of retail anchored by a 50,000 square foot Harris Teeter grocery store. The Company’s pro rata net investment upon completion is estimated at $135 million before the sale of the residential component. The Company expects to purchase the land and commence development next month.
  • The Driscoll at River Oaks Shopping Center, a 30-story luxury high-rise with around 10,000 square feet of ground floor retail that the Company will construct at its River Oaks Shopping Center, located adjacent to the premier residential community in Houston. The tower will include over 300 residential units and a parking garage. The total project cost will approximate $150 million. Predevelopment activities are underway with construction expected to begin in 2018.
  • An additional 15 redevelopments are underway representing $74.6 million of incremental investment.

2017 Guidance

The Company affirms its guidance for Core FFO in the range of $2.37 to $2.43 per diluted share and updates NAREIT FFO for the first quarter activity to $2.33 to $2.39 per diluted share. All of the details of guidance are included on page 9 of the Company’s Supplemental.

Dividends

The Board of Trust Managers declared a quarterly cash dividend of $0.385 per common share payable on June 15, 2017 to shareholders of record on June 8, 2017.

Conference Call Information

The Company also announced that it will host a live webcast of its quarterly conference call on April 25, 2017 at 10:00 a.m. Central Time. The live webcast can be accessed via the Company’s website at www.weingarten.com. Alternatively, if you are not able to access the call on the web, you can listen live by phone by calling (888) 771-4371 (conference ID # 43147559). A replay will be available through the Company’s website starting approximately two hours following the live call.

About Weingarten Realty Investors

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2017, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 218 properties which are located in 18 states spanning the country from coast to coast. These properties represent approximately 44.4 million square feet of which our interests in these properties aggregated approximately 28.4 million square feet of leasable area. To learn more about the Company’s operations and growth strategies, please visit www.weingarten.com.

Forward-Looking Statements

Statements included herein that state the Company’s or Management’s intentions, hopes, beliefs, expectations or predictions of the future are “forward-looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995 which by their nature, involve known and unknown risks and uncertainties. The Company’s actual results, performance or achievements could differ materially from those expressed or implied by such statements. Reference is made to the Company’s regulatory filings with the Securities and Exchange Commission for information or factors that may impact the Company’s performance.

Projections involve numerous assumptions such as rental income (including assumptions on percentage rent), interest rates, tenant defaults, occupancy rates, volume and pricing of properties held for disposition, volume and pricing of acquisitions, expenses (including salaries and employee costs), insurance costs and numerous other factors. Not all of these factors are determinable at this time and actual results may vary from the projected results, and may be above or below the ranges indicated. The above ranges represents management’s estimate of results based upon these assumptions as of the date of this press release. Accordingly, there is no assurance that our projections will be realized.

Contact:

Weingarten Realty
Michelle Wiggs

(713) 866-6050

Source: Weingarten Realty