Ahold Delhaize, a Dutch-Belgian retail firm with US supermarkets, agreed to buy the majority stake of Fresh Direct, an online grocer popular for delivering fresh foods. Ahold Delhaize, a Dutch company that owns several US supermarkets such as Stop & Shop and Food Lion, is planning to buy a majority stake in Fresh Direct. The latter company is an American online delivery service for grocery items, mainly in the New York metropolitan area. Meanwhile, private investments firm Centerbridge Partners will acquire a minority stake amounting to 20 percent. Fresh Direct + Ahold Delhaize CEO of Ahold Delhaize, Frans Muller, said:…
Author: Aaron Tosin
Aaron Tosin
A writer with a difference!
Amazon launched Amazon Pharmacy to US customers to deliver prescription medications right at their homes. This week, e-commerce giant Amazon has announced its launching of the Amazon Pharmacy in the United States. It is the company’s new offering to customers in which they can have their prescription medications delivered to their address. With the new service from Amazon, customers can have their prescriptions bought online, like with Amazon’s mobile app or through a desktop. Amazon into Pharmacy Amazon will allow users to create a secure pharmacy profile, which they can utilize to add information about them, such as their health…
Although not often seen as important as other facets of marketing, web marketing is one of the easiest ways to increase brand recognition and acquire new customers. The average website conversion rate is around 2.35%. However, top companies are performing at least two or three times better than that by emphasizing how they present themselves to their customers online. Think of it this way, if you get 10,000 visitors to your website every month, according to the average statistics, only 235 of those visitors will become subscribers. But, if you strive for a little bit more beyond that, you can…
Snap Inc. revealed that their increasing number of daily users from past months is slowing down While there are many businesses and various industries that suffered the pandemonium that the coronavirus outbreak has brought, there are other companies who are more than striving, thanks to services dedicated to cater demands from homes. Snapchat, the camera filter-slash-multimedia sharing platform, is starting to see a slowdown in their increasing user base. Increase in Subscribers Snapchat, a multimedia messaging app, reported an increase in its number of active users on the first quarter, when compared on the same timeframe from last year. March…
Chevron announced acquisition of Noble Energy for $13b, making one of the biggest since COVID-19 Chevron has confirmed on Monday it is buying oil and gas company Noble Energy for $13 billion, inclusive of the debt assumed at $8 billion. The global energy corporation is led by Michael Wirth. Outbidding Chevron on 2019 Last year, Vicki Hollub the first woman to be CEO of a major energy company Occidental Petroleum and one of Chevron’s competitors, managed to snatch away from Wirth Anadarko Petroleum. The Hollub-led hydrocarbon company managed to outbid Chevron, a company five times bigger than them. It was…
California’s Labor Commissioner’s Office slapped Uber and Lyft with lawsuits for depriving drivers’ employee benefits Ridesharing technology services companies Uber and Lyft are being sued over allegations of violating California’s labor law. Misclassification of Drivers On Wednesday, the Labor Commissioner’s Office in California has announced that it is suing Uber and Lyft separately. This was over allegations of wage theft among the two companies by claiming that their drivers are “independent contractors.” This misclassifying move is said to deny their employees of several legal protections, according to the lawsuit. https://twitter.com/LorenaAD80/status/1291471175827111936 In a statement, California Labor Commissioner Lilia-García-Bower said: “The Uber…
Former Disney executive Andy Bird will be the next CEO of British publisher Pearson. International education publishing firm Pearson PLC on Monday announced their newest CEO—former Disney executive Andy Bird. The new leadership will take effect on October 19, the time his predecessor John Fallon, incumbent chief, will exit the post. Leader Shift The London-based education publisher also announced that its current CEO Fallon will remain with the company as advisor for the rest of the year upon his step down. Meanwhile, Pearson also noted that Bird is a non-executive director at the company. He was appointed to the board…
WarnerMedia’s CEO shakes up company leadership to reorient around HBO Max. WarnerMedia’s chief executive Jason Kilar is restructuring the company as part of their efforts to strengthen its streaming platform, HBO Max. Kilar became the entertainment giant’s top head last May. He was previously CEO and founder of Hulu. Leadership Reorganization HBO Max Meanwhile, general manager for HBO Max Andy Forssell climbs rank to oversee a newly formed operating business unit for HBO Max, per an internal memo. Forssell’s team will oversee “the product, marketing, consumer engagement and gobbal rollout.” https://twitter.com/WSJ/status/1291849147776151552 Also part of its leadership overhaul, top executives are…
Uber and Lyft may likely stop operating in California after a court ordered them to reclassify their drivers as “employees.” Ride-hailing companies Uber and Lyft may suspend their operations in California. This came as the two firms are facing lawsuits over allegations of misclassification of their drivers. Alleged ‘Misclassification’ Recently, the two tech companies were at the other end of a lawsuit filed by the state’s Labor Commissioner. This was over allegations of wage theft among the two companies by means of labeling their drivers as “independent contractors.” With this alleged misclassification, added benefits like paid rest periods are not…
Nintendo has reported massive increases in sales this year, with millions of people buying hardware and games, despite the pandemic. The COVID-19 pandemic keeps giving. For Nintendo, the pandemic means a leap in profits by more than 240%. Since more people are at home, they have nothing else to do but work, watch Netflix, and play video games. Nintendo Profits Kotaku reports that Nintendo’s year-on-year net sales have jumped by 73.3%. On the other hand, the company’s net profit spiked by 243.6%, which netted Nintendo 213 billion yen ($2 billion). https://twitter.com/Kotaku/status/1324396102007750656?s=20 Nintendo Sales Millions of consumers also bought Nintendo’s hardware…