CPG brands now have better options than grocery stores, says VC investor
October 29, 2019
Elio Leoni Sceti, co-founder of venture capital business The Craftory and former Reckitt Benckiser and P&G executive, believes that startup consumer brands risk compromising their quality standards and other strategic objectives by courting relationships with big retail chains. “We think that the moment that somebody wants to go on (the) Tesco shelf (for example), very often is the beginning of the end. And the reason is very simple, which is that in consumer goods, the big guys, the big companies are setting the agenda of what’s on shelf,” he told CNBC.
Recent News
Uber and Lyft Strikes in Metro Atlanta
Uber and Lyft rideshare and delivery drivers in the sprawling metro Atlanta area came together in solidarity with their counterparts nationwide for a significant cause on May 1.
Johnson & Johnson Announces Plan To Resolve All Current and Future Ovarian Cancer Talc Claims
The settlement is worth $6.48 billion.
Some Americans Will Get a Rare Extra Social Security Check This Month
Some Americans may get a rare extra social security check on the last day of May, though it doesn’t mean they will receive extra money.
Krispy Kreme Expands Into Germany
Krispy Kreme is set to extend its sweet reach to Germany through a recent agreement with ISH Kreme, marking its largest franchisee collaboration yet.