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Is Fido a Foodie? Then Say Bone Appetite to This Purrfect Treat! eCommerce Sensation Unveils PetCakes® for Retailers

Orlando, Florida – March 7, 2023 – Cats and dogs everywhere will want to get their paws on the most innovative treat at the Global Pet Expo 2023 in Orlando on March 22-24 as Melinda Kirk Stenger, also known as the Canine Caterer, debuts PetCakes® Complete Baking Kits for Cats and PetCakes® Complete Baking Kits for Dogs branded exclusively for brick and mortar and large retail stores. 

Melinda, who has over 20 years of canine culinary experience, is the creator of the award-winning PetCakes line, the first ever DIY organic microwavable pet treats for both cats and dogs that created a large presence on eCommerce platforms like Amazon and Chewy.com and has generated over $25 Million in online sales. PetCakes is a solid favorite with pet moms and dads who want to pamper their pooch or princess kitty and has received over eleven thousand 4.5 star reviews for the PetCakes birthday kit alone.

“What people don’t realize is that many dogs are allergic to wheat, corn, and soy, which I discovered with my rescue dog, Bella,” Melinda says. “She’s a deaf Jack Russell mix, my official taste tester, and the inspiration behind everything I create including PetCakes. For our retail rollout, we’ve created complete baking kits that are made with the finest human grade ingredients plus we source and make everything in the USA.” 

Each kit makes six fish shaped cakes for cats or two bone shaped cakes for dogs plus 24 frosted mini cupcakes and pet parents can customize flavors or add healthy toppings and includes:

  • One fish shaped re-usable pan (for cats) or One bone shaped re-usable pan (for dogs) 
  • Four cake mixes
  • Two frosting mixes
  • Both microwave and oven instructions.

“People think it’s too complicated and time consuming to cook for their cats or dogs,” Melinda says, “but this makes it so easy and why I developed PetCakes Complete Baking Kits for both cats and dogs so parents and kids can have fun and bond with their pets in a unique way while cooking for them.” Melinda has also created complete baking kits for all occasions pet parents want to celebrate with their furry friends including birthdays, Valentine’s Day, Halloween, and Christmas, with purrfectly nutritious, homemade treats that will have tails wagging.

The PetCakes Complete Baking Kits for Cats and PetCakes Complete Baking Kits for Dogs retail at $24.99 and will be available to pet owners and their furry families at select retailers across the country later this year following their launch at the Global Pet Expo. Melinda is excited to be at the show this year and shares, “When we launched PetCakes in 2010 as a completely unknown company and brand, we were thrilled to win ‘Best New Product of the Year’ here and now we are back and hope to earn that honor again in both cat and dog divisions with PetCakes Complete Baking Kits.”

Melinda Kirk Stenger will be meeting with buyers and retailers at the PetCakes Booth #5804 located in the Boutique Section at the Global Pet Expo 2023 where she is also available for media interviews and product previews. Find out how to order a PetCakes Birthday Kit for those special furry friends at ilovepetcakes.com or follow Melinda on Instagram.

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A Closer Look at the Top Model of AAA Abraham Ackermann Agency

This competition has been held for many years and this year Serbia is sending its representative for the second time. This year, in anticipation of spring, the largest and most glamorous competition in medaling is coming to us again. In the period from February 20 to March 4 this year, the contest for “Top Model of the World” will be held. The finals of the prestigious competition Top Model of the World are held in luxurious and modern complexes and cities around the world. Previous finals were held in Egypt, Shanghai, Berlin and Miami.

The AAA Abraham Ackermann Agency, which is the owner of the license for Serbia and Brazil, has decided to once again send top model Tara Računica, who took second place for Miss Europe last year.

The preceding year the same agency was also awarded for the best model agency in the Balkans, and its director and owner AAA Abraham Ackermann for gentleman of the year. Tara is 19 years old and comes from Belgrade. The world got to know her well last year during the preparations for this event. The audience and the jury could not resist her charm and charisma. The whole team was proud of their ranking. However, as this top model reveals to us, this year she is ready to conquer the world.

“I am proud of my team and all of Serbia. We did a great thing last year, but this year we will be even better. I am glad that my country is part of this world event for the second time. It is certainly a great honor to be a part of all this for the second time! My team and I promise you that we will win” – said young Tara.

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Business Computers & Software Technology U.K U.S

Olive AI to Divest its Second Business Line; Plans to Focus on Health System RCM

Healthcare automation service Olive AI is reportedly planning for the sell-off of its utilisation management service line. 

Utilisation Management is the company’s prior customer-facing authorisation system with solutions that accelerate the manual operations in GreenLight laser treatment.

The divestiture is part of this Columbus-based tech unicorn’s effort to centre its focus on administrative automation for healthcare, according to THE BUSINESS JOURNALS.

“Earlier this month, [CEO Sean Lane] announced that Olive would no longer be offering UM solutions to allow the company to strengthen its core area of focus, building automation and intelligence technology for health systems that make their revenue cycle operate more effectively and efficiently,” according to a spokesperson from Olive AI.

Why Divest Now??

Sean Lane, co-founder and CEO of Olive AI, blamed tough economic headwinds for the divestiture. The CEO also mentioned that the Columbus health IT business made mistakes when it was in high-growth mode.

In an all-staff memo published on February 09, 2023, the CEO shed light on the substantial and unexpected shortfall in the capital plan now facing the company, two years after it brought in around USD 400M to turbocharge the growth of ‘humanised’ AI for healthcare.

“In our current position, we cannot make the necessary investments to be successful in transforming both Autonomous Revenue Cycle and Utilisation Management journeys for our customers,” Lane said in the memo. “We must prioritise and direct our critical resources toward Olive’s established strengths.”

“This means a return to our core area of focus: building automation and intelligence technology for health systems that make their revenue cycle operate more effectively and efficiently.”

Consequences of the Carve-out Transaction on Employees

According to the memo, Olive AI Inc. is set to lay off 215 employees as it seeks to eke out growth by cutting costs and shifting the focus to its core product lines. The recent reduction in staff comprises around 35% of its workforce, leaving approximately 630 staffers.

This declaration of workforce reduction came on Thursday, February 2, 2022. In July 2022, the company cut around 450 staff who accounted for 31% of the total workforce. 

However, the Columbus company refused to provide any further details on the specifics of the equity carve-out—such as the approximate time and size of the division, prospective buyers, etc.

According to the notice filed with the Ohio Department of Job and Family Services, in order to notify receivers of the upcoming cut in workforce, the layoff would involve a total of 209 positions, including an EVP (executive vice president) and some senior staff.

“I know this is not easy news to hear,” Lane stated. “I regret that we are in this position, and I apologise for the impact it will have on the lives of our team members. I’d like to express my gratitude for everything you’ve done to make an impact in healthcare.”

The company is committed to keeping the customers and the remaining staffer updated on the details of the transaction as it takes shape. 

In October 2022, Olive divested its population health and $340B product lines to sister company Rotera, as two of its customers had ceased doing business with Olive. 

Overcoming Divestiture Challenges

Irrespective of the size of the division, carving out the equity of a company is a complex task that requires an effort in coordination to be successful. 

For companies looking to ensure a seamless divestiture with minimum business disruption, investing in a high-end carve-out service like Fission Consulting is a sensible decision. 

A class-leading service helps clients evade uncertainty while also accelerating the timeline.

Wrapping Up

The CEO of Olive AI hopes the divestiture would help the company defy the current economic downturn by enabling the employees to focus more on strengthening Olive’s core services and product lines. 

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Business Computers & Software Marketing & Sales Media & Communications U.S

How a Young Woman Started a $9,500-a-Month Business Selling Digital Products on Etsy

Etsy is a popular store designed to sell products that people have created themselves. When you think of it, you’re more likely to think of handmade jewellery, knitted or crocheted items, paintings, clay modelling stuff, glass items, etc.

You know… trinkets. 

(Can you tell I don’t spend much time on Etsy?)

So, when I came across an article about a woman using her maternity leave to start a $9,500-a-month business on the website, I had to read it.

The first thing that surprised me was that she wasn’t selling those stereotypical products. She was selling printables that she created on Canva.

Rachel Jiminez had a full-time job as the director of alumni engagement at a university. She was also studying on the side—Positive Psychology. Her blog and Etsy store were, in her own words, “side hustles”.

Ms Jiminez explained that her Etsy shop was consistently getting her around $50 a month. She just didn’t have enough time to invest in it. It was when she was on maternity leave with her second child that she started putting work into it. 

In the article, she explains how she built her business.

Tips For Expanding an Etsy Business

According to Ms Jiminez, building her business was a four-step process. Here’s how it started.

Developing the Growth Mindset

When starting your own business, it’s easy to take failure personally. Once you do that, you’ll give up at the first sign of trouble. 

That’s why Ms Jiminez considers the first step of her journey the one where she stopped thinking that she wasn’t good enough and focused on figuring out the problem.

Learning From Others’ Successes

When you’re on a platform like Etsy, you can see how other sellers are performing. Again, it’s likely that you see others doing better than you and feel jealous. 

What Ms Jiminez did with that emotion was to use it to learn from the sellers she perceived as more successful than her.

She says she’d “…study their strategies, devour any podcasts or blog posts they created, and put their tips and recommendations to the test.

Testing and Tweaking Periodically

No matter how well a strategy works for someone else, it’s possible that isn’t suitable for you in the least. When Ms Jiminez saw a strategy failing to deliver, she’d “try to get helpful data” from her failures.

One of the questions she’d ask is whether it was a marketing problem or a product problem. For example, say she had high volumes of traffic to a product page, but not enough conversions. That told her the product wasn’t appealing enough.

On the other hand, if she didn’t have many people visiting the product page, but those who did ended up buying more often than not? That meant she wasn’t marketing it well.

Considering the Customers’ Needs and Wants

Customers tend to vote with their feet. If they don’t like the product, no matter how well you sell it, they won’t buy it. That’s why Ms Jiminez decided to find out exactly what customers were looking for. 

She says she looked for “clues in Facebook Groups and online forums, noticed what was trending in stores, and used tools like Google Trends and Pinterest Trends.” She even used paid tools, such as eRank.

This research helped her identify the problems her customers wanted to solve, which she then used to design her products.

Why Digital Products?

I discussed this in another article about Digital Products UX Trends in 2023 in greater detail but a digital product is any product that is built, delivered, and consumed online. 

As Ms Jiminez explained, “a digital product can be a PDF, a JPEG image, or even an Excel spreadsheet that you make once and profit from forever.

Of course, if you’ve read my previous article on digital product trends, you’d know that it also includes other online consumables like audio files, videos, apps, software, templates, plug-ins, and more.

However, the key point is the latter half of her description… make it once and profit from it forever.

A digital product doesn’t need a warehouse (or a workshop cupboard) to be stored in. You don’t need to ship it physically to a customer. You don’t need to build a copy every time someone orders it.

In short, it doesn’t have much overhead.

How Can You Create Your Own Digital Products For Your Business?

In the article, Ms Jiminez says she used Canva to design both her products as well as her listing images. Other people might use Keynote, PowerPoint, PhotoShop, or Illustrator. Others might use Notion, OneNote, or Excel.

Of course, if you wanted to design a digital product that required more technical knowledge, you might need to hire a digital product development company, like Luminos Software.

It would depend on what you want to design and sell. You might want to do your own research to see what customers want and need. Or, you might have a brilliant idea but you aren’t quite sure how to market it.

Hopefully, Rachel Jiminez’s story will inspire you to give it a go and provide you with enough pointers to get you started on your path to success.

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Business Computers & Software Finance Financial Market Technology

Managing API Security Is Essential For the Banking Sector

I recently saw a headline that reported multiple branch closures by Lloyds, Halifax, and TSB. Personally, it didn’t affect me so I didn’t read the article. 

Why would it? I do my banking on my phone.

And, that’s mainly the reason why banks are closing their seldom used branches—people are banking online and not physically walking into banks.

As someone who prefers living online, I am not here to debate the benefits of high streets and banks. What I do want to talk about is the role of Application Programming Interfaces (APIs) in modern banking.

According to Express Computer, an Indian IT publication, APIs are spearheading the banking sector’s evolution.

These software programs allow banks to share their data and services with third parties. Third parties, as a result, can improve their services and customer experience.

APIs in Banking

According to the article, banks use APIs both as consumers and publishers.

As consumers, APIs help banks:

  • Automate the customer onboarding process, making it smoother
  • Get real-time information on customer credit-worthiness
  • Make better decisions for loan applications
  • Add value to their core business with investment and financial planning advice
  • Integrate with other services, such as e-commerce stores, and make online payments easier
  • Add other financial products into their range of offerings

As publishers, banks use APIs to reach more customers and diversify their services.

So, yes, the banking sector can thank APIs for a great deal.

However, that brings me to my next point. Since APIs are now an integral part of the banking sector, API security also becomes a larger issue.

I’ve discussed how re-evaluating your cybersecurity stack could help stop API breaches earlier. Then, I came across this post that discusses how identity distribution is essential for modern API security.

What Is Identity Distribution?

APIs enable a network of services that users can access. Once a user is inside that network, from any access point, they can get to any and all information within that network.

Identity distribution is the process of ensuring that the user is authorised to access information, at every point instead of just when they enter.

If you want to think of it in terms of your home security, once a person has entered your house—whether through the front door, back door, or window—they can go through the contents of all your rooms.

Identity distribution is the process of vetting their access and authorization in each room. If they are only allowed to enter the living room, they can’t be let into the master bedroom.

Identity Distribution For API Security in Banking

Identity distribution shouldn’t just take into account who is asking for access. It should also consider the origin of the request, the external application through which the request was sent, and an allow-list of callers.

Unfortunately, this brings up two other issues. 

One, sharing the credentials across the network means everyone who receives those credentials could use them to get the same level of access.

Two, It means distributing the user’s credentials across the network when some of the information might be sensitive. 

In effect, you’re sharing the user’s authorisation credentials (thereby making them available to other services on the network), which also means you’re sharing their information (which could be sensitive).

To mitigate this issue, you’d need proper identity distribution techniques. The technology you use will play a role in how secure the implementation is—that means having a detailed understanding of how your services interact with others and the pathways your users will have to take.

That, in turn, would help determine which services would need what identity data to complete the request.

Additionally, you’d also need to determine what piece of data these services would need to take the authorisation decisions.

Identity Distribution Techniques

Once you know the data that needs to be delivered to other services and who needs it, you can choose from a selection of identity distribution solutions. These can be:

  • Using Transport Layer Security (TLS) end-to-end, even with services within your network, instead of only at the perimeter
  • A locked-down infrastructure, where you control all communications within the network through encrypted connections, and using mutual TLS (mTLS) and frameworks (SPIFFE, Kubernetes) to manage service calls
  • Using established standards like OAuth and JSON web tokens (JWTs) instead of developing your own solutions
  • Using claim-based authorisation instead of using API keys or scopes (because, remember broken authorisation is listed as OWASP’s no.1 API vulnerability, and discussed in an article on API Security Solution by Gravitee.io, the leading API management platform)
  • Using opaque tokens instead of JWTs (which can reveal information to the frontend application or threat actors)
  • Using token-sharing techniques, such as token embedding or token exchanging

As you can see, API security is important across the board, but the banking sector is a bit more high-stakes than others. Whilst a security breach can be devastating regardless, banks are responsible for people’s money and savings. 

Investing in better cybersecurity is not just for them but also for their customers. And, API security is going to be a huge part of it.

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Business Marketing & Sales Services Technology Website & Blog

Announcing Storeplum’s New E-commerce Store Platform That Is Easy and Simple to Use

Outside The Limit [OutsideTheLimit.com], a reputable online technology advice and research company, has recently released a report and review on Storeplum’s new e-commerce store platform. This innovative platform is designed to cater to businesses of all sizes and aims to provide an easy and simple to use solution for the competitive online retail market.

The new e-commerce store platform offers a comprehensive range of features that can help businesses streamline their online operations. With Storeplum, businesses can easily manage their online stores, keep track of their inventory, process orders, and accept payments in a safe and efficient manner.

One of the standout features of Storeplum’s e-commerce store platform is its user-friendly interface. The platform is designed with simplicity in mind and allows business owners to set up their online stores quickly and efficiently. The platform’s dashboard provides easy access to all the necessary features, allowing business owners to focus on growing their businesses.

The platform is highly customizable, enabling businesses to create unique online stores that reflect their brand and style. Storeplum offers a range of customization options, including customizable themes, fonts, colors, and layouts, ensuring that businesses can create an online store that is tailored to their needs.

In today’s fast-paced world, consumers are increasingly using their mobile devices to shop online. Storeplum’s e-commerce store platform is mobile-friendly, ensuring that businesses’ online stores are accessible and easy to use on any device, including smartphones and tablets.

Moreover, the platform is affordable, providing businesses with a comprehensive range of features at a competitive price, making it accessible to businesses of all sizes. Storeplum is also offering a coupon code to save 15% if users us the code: JOEL15.

“We are excited for the release of Storeplum’s new e-commerce store platform,” says OutsideTheLimit.com. “The platform is designed to be easy to use, reliable, customizable, and affordable, providing businesses with the tools they need to succeed in the competitive online retail market.”

OutsideTheLimit.com is dedicated to providing businesses with the latest insights, advice, and reviews on new technologies, including e-commerce platforms, online video platforms, and digital marketing tools. Their mission is to help businesses succeed in the digital world by providing them with the tools and resources they need to stay ahead of the competition.

Storeplum’s e-commerce store platform is a game-changer for businesses looking to succeed in the competitive online retail market. With its user-friendly interface, robust security features, customization options, and affordability, it provides businesses with the necessary tools to streamline their online operations and stand out in the digital world. For more information, visit www.increasesales.click today and use the Storeplum coupon code: JOEL15 to save 15%.

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Gantt Charts: Exploring the Applications and the Benefits

Managing a project, irrespective of its size, comes down to juggling a myriad of tasks, people, and whatnot—a single deadline is missed, and the entire project can go awry, incurring hefty losses and serious repercussions.

For project managers looking to boost their productivity by effectively managing their teams and projects, taking a visual approach to project management is a no-brainer. 

Even though tons of project management methods are available, Gantt charts have long been considered the most effective.

Instead of bogging you down with details, these charts give you a comprehensive visual representation of the tasks, milestones, and deadlines plotted against time.

IntelliPaat has offered a complete breakdown of a Gantt chart to help you get a head start.

But first, let’s elaborate on what a Gantt chart is.

What Is a Gantt Chart

Invented by Henry Gantt, a Gantt chart is, at its core, a pictorial view of a project: the resources involved, the start and end date of the project, how it’s planned to be executed—all laid out in horizontal bars. 

Based on your specific project requirements, you have a wide range of Gantt charts to choose from—such as basic Gantt charts, milestone Gantt charts, resource-loaded Gantt charts, dependency Gantt charts, and more. 

Applications of a Gantt Chart

Since a Gantt chart offers instant insight into a project, users can effortlessly see how it will progress over time. 

A Gantt chart facilitates:

  • Project Planning: Project planners can visualise the building blocks of their projects, thus organising and categorising them into fragmented and more manageable tasks. Plus, tasks can be prioritised for scheduling efficiency.
  • Resource Allocation: Stretching the available resources over too many tasks causes setbacks. With the project timeline in the Gantt chart, project planners can get an instant snapshot of how and where the resources are being used. Besides, a Gantt chart facilitates resource management by enabling project managers to delegate effectively while also aligning resources. As a result, project milestones are more likely to be achieved within the allocated budget and timeframe, ensuring no employee is overworking.
  • Defining Logistics and Task Dependencies: Gantt charts help project managers keep an expert eye on project logistics. In addition, by illustrating dependencies as lines linking two tasks or linking a task to a milestone, they can show when a particular task should start or end in relation to other tasks. For a company running projects in a multi-team environment, this feature can be highly effective. 

The result: Efficient project building and management that keeps measurable (and quick) revenue rolling in the business

Benefits of a Gantt Chart

  • Boost Team Productivity: One of the notable advantages of a Gantt chart is that it facilitates cross-departmental collaboration and brings all involved stakeholders on a single page. On top of that, it helps stakeholders track how a project is progressing in real-time, thus enabling the team to plan their steps ahead of time. Staying aligned on project tasks allows them to bolster business productivity.
  • Set Realistic Deadlines and Expectations: As we have already stated, the Gantt chart visually represents all the tasks and interdependencies comprising a project. Such a cohesive visual representation helps teams set realistic deadlines for each task and ultimately, the entire project.
  • Adjust the Plan in Real-Time: Having insights into the pace at which each task is progressing helps you depict the upcoming delays and roadblocks. This allows you to dodge potential risks or adjust your plans accordingly.

Turbocharge Your Presentation with Gantt Charts

Project managers dealing with massive troves of information frequently create calendar-based Gantt charts in Microsoft Visio or Project and import them into PowerPoint slides. However, the process is time-consuming and gets arduous due to lacking essential features. 

For those who want to create Gantt charts directly in PowerPoint with fewer clicks and less time, leveraging an add-in, such as think-cell, is a sensible decision. Automated Gantt charts, built with high-end software, help create better results—both for your presentation and timeline planning.

Wrapping Up

In short, when it comes to organising a project efficiently, a Gantt chart is second to none. Get the hang of Gantt charts and manage even the most complex project in a breeze. 

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Business Employment Media & Communications Technology U.K

How Tech Startups Can Make Themselves Recession-Ready

The start of 2023 has seen big tech companies laying off employees in the thousands. To make matters worse, there’s talk of a potential recession happening this year. 

If tech giants are having a rough time, how will smaller tech startups fare in this market?

As a smaller tech company, you’d be justified in getting a wee bit concerned. Fortunately, even when the near future looks bleak, there are ways your business can avoid the doom and gloom that comes with economic downturns.

Here’s how:

Focus on Your Team

A business is made up of not just the brand but also its people. And, as a startup, you want each member of your team to be a valuable asset. The more you invest in them, the more they will be invested in you.

That’s why continuous improvement and on-the-job training are invaluable. Technology changes and grows rapidly, and you want your employees to keep up. Not only are you building a stronger foundation for your business, but you’re also giving your employees a reason to care about the company’s growth. The more you grow, the more they grow.

This is one of the best ways of showing them you believe in their potential. And, also of creating a lean team that will keep your business afloat when times are rough.

Understand the Recession Market

Let’s face it. Recessions are nothing new. And, whilst technology might not have been the same, business principles tend to work in the same way, generation after generation.

So, take a look at what other successful tech companies did in the past. See how you could apply those principles to your business.

That should give you a good baseline for a set of revised business goals for your company during a potential recession.

It helps to have a multilayered strategy with different sets of business goals for various situations. Things might not be as bad as you think. Alternatively, things might be worse.

If you have a plan for every situation, including the worst-case scenario, you won’t be left floundering when (or, if) things do go south.

Be Prepared to Offer New Products

When COVID-19 started spreading in 2020, many countries enforced a strict lockdown. The UK was one of them. Businesses that were deemed non-essential had to close operations. That included manufacturers as well.

However, seeing that there was a shortage of ventilators in the country (at a time when the NHS would require more ventilators than normal), the Government issued the Ventilator Challenge.

Manufacturers who agreed to take part in it got together to make 20 years’ worth of ventilators in 12 weeks.

If you look at other businesses during the lockdown, you’ll see a number of them did have to change their product offerings in order to stay relevant.

In a recession, you may find that the products you normally make are not required. So, you need to be prepared to change your offerings.

(And, if you paid attention to my first point, you’d have a team that would be able to handle that change!)

Focus on Retention, Not Acquisition

You know that saying—a bird in hand is worth two in the bush?

It applies—very strongly, I might add—to customers. 

It is always easier to retain existing customers by keeping them happy than it is to acquire new ones. 

And, if you’re in the middle of a recession, new customers are even more difficult to find.

So, spend time on building those existing relationships instead of focusing on new ones. Reach out to your customers and find out if their needs have changed. If times are difficult, it might be possible for you to help each other out.

Plus, marketing to existing customers doesn’t have to be tedious or boring. As Bold Content pointed out, B2B videos don’t have to be boring. Build a connection with emotional, funny, relatable content.

(Plus, Bold Content is already helping produce content that could help your workforce grow—check out the story about the animation they created for Tech She Can, which encourages young girls to take up STEM studies.)

So, there you have it. Keeping your tech startup going during a recession is all about having a plan and building human connections. Stay creative, and maybe I’ll be writing a case study on your business in a couple of years.

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Business Energy & Environment Lifestyle Living U.K

First British Interior Design Collective Achieves B Corp Certification

Accouter Group of Companies, home to Accouter, has recently been announced as Britain’s first B Corp certified interior design collective, reported Elliman Insider

AGC believes that the team’s commitment to meeting the “highest standards of verified performance, accountability, and transparency” on a spectrum of social and environmental issues has brought the company this prestigious recognition.

“We are proud to be the first British Interior Design Collective to join this community of change-makers, alongside a global movement of people using their business as a force for good,” said Stella Gittins, cofounder of Accouter Group of Companies. “B Corp is a holistic approach for us. It shapes our culture and encourages us to acknowledge our business impact and act. Most importantly, it gives us a framework for continuous improvement, so that every day, we become a little bit prouder of what we do.”

What Is B Corp Certification?

B Corp is a private certification awarded to for-profit companies that can demonstrate their deep commitment to using business as a ‘force for good’—whether via community outreach, taking sustainability initiatives, or implementing equitable economic practices.

Since 2007, this highly prestigious certification has been awarded by B Lab to enterprises that meet the ‘social and environmental performance’ standards. 

B Lab is a non-profit organisation helping to build a sustainable global economy that will benefit people, the environment, and the world. 

AGC Hails B Corp Status

AGC achieved the highly coveted B Corp status in early 2023.

The company has been evaluated rigorously based on the B Impact assessment criteria. The company scored 83.3, whereas the median score for a business to pass the assessment process is 50.9. 

When more than 22 million pieces of furniture are disposed of in the UK each year, AGC is unwaveringly committed to balancing purpose with profit by championing environment-friendly materials and long-lasting manufacturing processes.

“We know there is cynicism around the topic of sustainability for businesses, which is why it was important for us to achieve our B Corp. B Corp separates the green-washers from the good-doers. It shows people that those that really want to make a change, are making a change and that they are willing to operate in a way that puts people and the planet first, and profit second. For companies like us, the priority is to meet the highest social and environmental standards, and do so with authenticity, transparency, and full accountability,” said Alec Watt, CEO of Accouter Group of Companies.

As part of its effort to better demonstrate its adherence to B Corp standards, the company has formed an internal team headed by a dedicated B-keeper. The team is responsible for ensuring that the improvement goals of the company closely align with its working culture. 

“Our enthusiastic B Corp team worked together to identify all our processes to ensure we are practising what we preach when it comes to responsible business practices. We now have a village of internal people rooting for change, which makes us a powerful force towards achieving better things as a business. We wanted to come together and step up, and we’re proud to have done exactly that,” stated Gittins.

Partnering with Walpole, AGC helps the British luxury industry lower its carbon footprint and environmental impact for a more sustainable future.

What’s Next?

Joining the B Corp force is only the beginning, according to AGC. AGC is committed to ensuring their improvements are ever-evolving by helping build a more inclusive, sustainable economy. 

With B Corp certification, the company is aiming to build a global movement for ensuring sustainable development, curbing inequality, and concocting job opportunities with purpose and dignity.

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Business Finance Financial Market Technology U.S

Kroger and Albertsons Zero in on Store Divestitures Amid Deal Review

The Kroger Co. and Albertsons Companies Inc are still on track to divest 250 to 300 stores as part of their effort to dispel antitrust issues regarding their proposed merger plan.

The stores slated for sale are valued at USD 1B or above, and are located all across different regions of the US—such as Chicago, Phoenix, Southern California, and the Pacific Northwest—reported Reuters, citing unnamed sources.

Kroger-Albertsons Cos. Merger Deal

In a move to reshape the U.S. supermarket landscape, Kroger and Albertsons Cos.—The US’s two biggest grocery store chains—announced plans to join forces in mid-October.

The retailers hope that this merger, if approved by regulators, would help create a corporate behemoth generating around $200 billion in sales per year.

Combined, Kroger and Albertsons Cos. would operate around 5,000 stores across the country.

Reasons Behind the Divestiture

The retailers have decided to prepare for the store divestiture as the Federal Trade Commission (FTC) is reassessing Kroger’s proposed USD $24.6B investment in Albertsons Cos. 

Since the retailers declared the merger strategy, there has been a flurry of movements from American consumer advocates and lawmakers against it. 

They are pressuring the FTC to hit the brakes on the deal, or at least hold it for some time, over concerns that this merger, if executed, could cause significant hikes in grocery prices amid the current spiralling inflation rates.

While declaring their merger, the retailers stated that the plan was to sell around 100 to 375 stores to win regulatory approval faster. However, Kroger mentioned that up to 650 stores could be divested.

As per the agreement, if the deal falls apart over antitrust issues, Kroger would be required to pay Albertsons Cos. $600M as a breakup fee to walk away from the contract.

The retailers are trying to sound out long-sought buyers for their stores and address the antitrust issue of FTC over their merging. 

Both Kroger and Albertsons Cos. expect these stores to be spun off into a subsidiary dubbed SpinCo by Albertsons Cos. or directly acquired by competitor supermarkets trying to extend their footprint in the USA. 

FTC to Monitor the Financial Viability of the Stores Divested

FTC will closely monitor any sale of the stores coming from this divestment, reported Reuters, citing antitrust experts at FTC. 

The current FTC chair Lina Khan marked the failed AlbertsonsCos./Safeway settlement behind FTC’s scepticism about the Kroger-Albertsons deal. 

The result: The agency is strictly scrutinising the potential impact of the Kroger–Albertsons merger deal.

Navigating Divestiture Challenges to Success

Brian Concklin, an antitrust expert and partner at global law firm Clifford Chance has advised Kroger and Albertsons Cos. to ensure that the stores they have decided to divest can act as formidable players in the industry. Thus the retailers can keep the FTC from blocking their merger deal.

“The Albertsons-Safeway deal will loom large over how these assets are viewed and how the FTC evaluates whether these divestiture packages being offered are viable,” commented Brian Concklin.

As a complex process, divestiture requires a coordinated effort to be successful.

For any dynamic enterprise looking to maximise the transaction value while divesting its business, investing in a consulting service like Fission Consulting is a sensible decision.

Such a high-end service streamlines the process while significantly reducing business disruptions.

Wrapping up

Kroger and Albertsons Cos. hope their plan to spin off the stores as part of the merger deal will help overcome challenges while paving the way to get FTC approval. 

“We believe we have a clear path to achieve regulatory approval with divestitures,” said Gary Millerchip, Chief Financial Officer at Kroger in a Bloomberg news.