Latest news with #Kraft
Mint
11 hours ago
- Business
- Mint
Aten Papers & Foam share price off to a tepid start, lists at 6% discount on BSE SME
Aten Papers & Foam IPO Listing: The shares of Aten Papers & Foam, a paper and paper products maker, were off to a slow start on the BSE SME on Friday, June 20. Aten Papers & Foam shares got listed at ₹ 90 apiece, down 6.25% from their issue price of ₹ 96 per share. The listing price of Aten Papers & Foam IPO was below what the grey market was pencilling in. Ahead of its listing, the Aten Papers & Foam IPO GMP was nil, indicating that investors expected the stock to list at par, rather than at a discount. Aten Papers & Foam share price extended losses post listing, hitting the 5% lower price band of ₹ 85.50 apiece. From its issue price, Aten Papers & Foam stock was down nearly 11%, disappointing its IPO investors. The initial public offering (IPO) of Aten Papers & Foam was open for subscription from June 13 to June 17 at a fixed price of ₹ 96 per share. The public offer was an entirely fresh issue sale of 33 lakh shares, aiming to raise ₹ 31.68 crore. Aten Papers & Foam IPO had seen a decent demand, garnering 1.49 times bids. Overall, the IPO garnered bids for 46,70,400 shares as against 31,34,400 shares on offer. The retail portion was subscribed 2.17 times, the non-institutional investor portion was booked 0.66 times, and the qualified institutional buyers portion received 2.91 times bids. The minimum lot size for an application was set as 1200 shares, requiring an investment of at least ₹ 1,09,200 by the retail investors. Aten Papers plans to utilise the IPO proceeds for capital expenditure, meeting working capital requirements and general corporate purposes. Incorporated in 2019, Aten Papers & Foam operates as a key intermediary in the paper product supply chain. The company offers Kraft paper, duplex boards, and other products in various grades, thicknesses, and sizes, while also purchasing and selling wastepaper to paper mills as a crucial raw material. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Boston Globe
a day ago
- Business
- Boston Globe
Make that another $1 million: Dueling Super PACs in Boston mayor's race rake in more cash
A separate super PAC backing Kraft remained busy, too. 'Your City, Your Future,' which has already dropped Taken together, the outside groups reported pulling in $973,101 between their newly filed reports. The contributions pushed the total raised by the two super PACs to more than $3.9 million through mid-June, with 'Your City, Your Future' — and its $3.16 million in contributions — accounting for the vast majority of that. Advertisement The 'Bold Boston' super PAC first formed in 2023, when it spent nearly $100,000 supporting a trio of Wu allies in their successful bids for city council. Advertisement It effectively re-emerged in mid-March, roughly a month after Kraft Mike Firestone has worked under Wu since she took the mayor's office in 2021. Karen Firestone has been a longtime contributor to Wu, whom she first donated to in 2013, and other state Democrats, including Governor Maura Healey, campaign finance records show. Efforts to reach Karen Firestone were not immediately successful Thursday. Spokespeople for 'Bold Boston' and Wu's campaign also didn't immediately comment. 'Bold Boston' also received $175,000 in early June from the Environmental League of Massachusetts Action Fund Independent Expenditure PAC, whose only donation so far this year was $150,000 in March from billionaire A slate of labor-aligned groups also donated heavily to the Wu-aligned group, including the 1199 SEIU MA PAC, which gave $100,000, and the Unite Here Tip State and Local Fund, which gave $150,000. The Green Advocacy Project, a Bay Area-based 501c(4) organization that gives heavily to The group took a variety of smaller donations, too, including $10,000 from Barbara Lee, a Cambridge philanthropist who's worked for decades helping get women elected office, and $25,000 from William Lee, a partner at WilmerHale, which Super PACs are allowed to raise and spend unlimited amounts of money, and, unlike candidates themselves, they can take donations directly from businesses. They are barred, however, from coordinating with any candidates or their campaigns. Advertisement The attacks 'Bold Boston' has launched against Kraft echo the arguments Wu and her allies have made on the campaign trail: that Kraft, the son of Kraft, a longtime nonprofit leader, is loaning his campaign $2 million from his own wallet. The Kraft-aligned 'Your City, Your Future' super PAC has taken $1 million from New Balance chair and billionaire Jim Davis, as well as billionaire businessman Paulson, who gave $100,000 Matt Stout can be reached at
Forbes
a day ago
- Business
- Forbes
Marketing clouds are now a big part of industry-specific IT services.
Miami, Florida, USA - June 1, 2015: Selection of brand name groceries. In full view are SPAM meat, ... More Libby's Viena sausages, Pompeian Olive Oil, Heinz brand Tomato Ketchup, Bubble Bee Tuna, Tostitos Salsa, Chez Boyardee Spaghetti and meat balls. Other products are partially visible in the is a collection of some of the basic staples found in many American kitchens. Other brands includes Kirkland, Quaker Oats, Pomi,Aunt Jemima, Kraft,Hunt's,and International delight. That's just marketing. It's a term that many of us use to dismiss a promotion, suggestion or statement of some kind that we feel is overly fabricated and potentially flaky, without any attachment to real world realities. Now that cloud computing has diversified to offer dedicated service bundles to industry-specific use cases, the technology industry has popularized the notion of human resources clouds, financial clouds, healthcare clouds and just about every other workplace function-specific cloud all the way through to marketing clouds. But is this just marketing? A basic vanilla cloud consists of compute power, storage, data analytics functions, AI services and management controls to enable system administrators and architects to configure its use and direct its state of being at any one time. An industry-specific cloud is an extension of this basic model, but is more likely to have its own custom-aligned data model to treat information according to a specific regulatory approach or framework. With its own access and user identity policy, an industry-specific cloud is engineered to offer the 'burstability' needed to increase and decrease its capacity in line with the type of workloads likely to be present in the industry it works in i.e. a tourism cloud might be more seasonably balanced than a retail cloud and so on. A marketing cloud is therefore optimized for marketing-specific activities and can be thought of as a more 'opinionated' technology with its own operational constraints, amplifications and abstraction layers. While you could (in theory) use a marketing cloud to drive a financial services application, it would be akin to cleaning your clothes in the dishwasher. 'In effect, industry cloud platforms turn a cloud platform into a business platform, enabling an existing technology innovation tool to also serve as a business innovation tool,' said Gregor Petri, VP analyst at Gartner. 'They do so not as predefined, one-off, vertical SaaS solutions, but rather as modular, composable platforms supported by a catalog of industry-specific packaged business capabilities.' Well-known for driving marketing cloud services are Adobe, Salesforce, SAP and Oracle. Also in this space, usual suspects include HubSpot, WebEngage and Braze (both more aligned to customer engagement, but still a marketing cloud tool) and also CleverTap, MoEngage and Iterable, with its emphasis on cross-channel marketing communications. According to AI communications company RingCentral, 'With a marketing cloud, [users] can also use event-driven triggers to set specific responses to customer actions in motion. For example, should customers sign up for a loyalty scheme, marketing clouds can then send each one of them automatic thank-you messages via push notifications.' Developments in this market in recent times include work by data cloud company Snowflake and data-driven marketing company Acxiom focused on providing what the firms call an 'AI-powered marketing data infrastructure' for brands to use in marketing campaigns. Snowflake highlights its privacy and security features here, which means this direct integration eliminates the need to move first-party data. Really important to marketing people, first-party data is defined as data resources that sit within the customer itself. This is (often sensitive or personal, or both) information detailing the interactions that a company has through its own communication channels that covers buyer demographics, purchase (and unfulfilled order) history. It may also extend to website click analytics and more unstructured forms of information, such as email engagement and phone call records with customer service agents. Denise Persson, chief marketing officer at Snowflake points to Acxiom's status as the connected data and technology foundation of Interpublic Group of Companies. Interact, IPG's integrated platform for brand marketing. She suggests that this development is a key part of an AI-powered marketing approach today. 'Brands can automatically optimize campaigns, predict performance and generate personalized content by leveraging Interact's AI features, powered by Snowflake Cortex, unlocking a new level of AI-driven marketing transformation,' said Persson and team. According to database and analytics software company Teradata, using an industry cloud in the vein of a marketing cloud, enterprises with lots of data in legacy systems can more readily get value from it. Industry cloud solutions can be customized for those specific systems, simplifying the cloud migration process and the eventual creation of data analytics from a sea of information. Teradata further states that industry clouds (marketing, manufacturing, healthcare, financial or otherwise) are particularly suited to more easily ingesting industry-particular sources and then sending their data to the schema best aligned with the industry's applicable regulations and best practices. The company says that they're also better-suited to piping that data to specialized applications and machine learning and analytics engines, in order for it to be able to deliver clearer analytics to its intended 'data consumers' or into other data products. 'Today's customers expect hyper-personalized experiences, but many brands fall short because marketing teams are stretched too thin. The way that companies and their customers interact is being reshaped (and the bar for customer experience) continues to rise, so it's imperative that marketers rethink their strategies to meet this demand. Marketing Cloud Next uses Agentforce [Salesforce's agentic AI platform] to empower marketing teams with AI agents that can handle tasks and deliver two-way conversations with customers at scale. This gives marketers the time they need to focus on high-impact initiatives and cultivate deeper customer relationships that were previously out of reach,' said Kimen Warner SVP of personalization & marketing intelligence at Salesforce, when questioned directly on this topic. Balaji Balasubramanian, president, SAP CX, also has views on this subject and explains that 'most marketing clouds operate in isolation' from the core enterprise data and applications. That means they need complex integrations to align customer engagement with business operations. Ever the brand-man, Balasubramanian offers a proposition to claim that SAP Emarsys 'takes a different approach' because it's built to work natively with SAP data models and applications. This he says allows marketing to 'operate in sync' with the whole business suite i.e. sales, service, commerce, HR supply chain and finance. 'This approach gives our customers and ecosystem partners structured workflows and curated reference models based on real marketing use cases (from loyalty orchestration to lifecycle automation) without the overhead of custom builds,' said Balasubramanian. 'Critically for enterprises operating in regulated markets, this enables us to respect data governance frameworks. Customer data can be processed and activated where it lives, supporting GDPR compliance and data residency requirements without needing to route through external tools or environments.' What comes next in the marketing cloud space then? Well, you don't need to be a marketing guru to work this one out… it's market-specific marketing software services. Food and beverage data intelligence platform Tastewise is gaining momentum as a company providing services for food and drink brands. The company says that this is because brands face surging ingredient prices, shrinking shelf space and growing pressure to keep pace with consumers. By tracking what it calls 'trillions of real-time food signals' to automate marketing and sales execution across the F&B industry, the company is works across both the retail and foodservice sectors. These are not just marketing cloud services, these are food and beverage marketing cloud services. According to Alon Chen, CEO and co-founder of Tastewise, F&B companies face a perfect storm from factors including margin pressure, retail space and global volatility. He notes that Tastewise supports 80% of the world's top food and beverage companies, including Mars, Campbell's and Kraft-Heinz.' 'At Kraft-Heinz, a deep understanding of rapidly evolving consumer needs and trends, fueled by data-driven insights, is critical,' said Peter Hall, Kraft-Heinz president of away-from-home division, North America. 'Tastewise's generative AI accelerates our execution speed, enabling us to proactively anticipate and deliver relevant innovations that consistently satisfy both our business goals and what consumers want.' To answer the question then, are marketing clouds 'just' marketing? The answer appears to be no; they have a range of service capabilities and data functionalities that they share with other industry-specific clouds. It's also yes, they are just marketing-aligned service layers, which even the most cynical marcoms-averse person might think is a good thing, because it means the brands you do like will be more adept when iterating with you. Check your email, you may have a special offer.
Fast Company
3 days ago
- Business
- Fast Company
Why Kraft Heinz is ditching artificial food dyes — and what's driving the change
Kraft Heinz announced on Tuesday their brands will no longer release new products with synthetic or artificial food dyes, and will completely phase them out of their current products by 2027. The major food conglomerate, which owns brands like Kraft, Kool-Aid, and Jell-O, said in a statement that nearly 90% of their U.S. products are already free of FD&C colors. They say their 'signature' ketchup has never used artificial colors and has always relied solely on tomatoes for the product's bright red hue. The nearly 10% of Heinz products that use some of the 36 color additives and nine petroleum-based synthetic dyes currently approved by the FDA, include drink products such as Kool-Aid and Crystal Light, and food products such as Jell-O and Jet-Puffed. Why now? Heinz's statement comes just months after the U.S. Department of Health and Human Services and Food and Drug Administration (FDA) announced plans to 'phase out' all petroleum-based synthetic dyes by the end of 2026, and encouraged major food companies to do so voluntarily. The Trump Administration and RFK Jr.'s Make America Healthy Again campaign has long advocated against artificial dyes, link ing them to potential cancer risks and ADHD symptoms, like hyperactivity. Red dyes have especially been put on the chopping block, with Red No. 3 being singled out as needing to be eliminated no later than January 2027, with calls for companies to reformulate their food products. 'The vast majority of our products use natural or no colors, and we've been on a journey to reduce our use of FD&C colors across the remainder of our portfolio,' Pedro Navio, North America President of Kraft Heinz, said in a statement. 'In fact, we removed artificial colors, preservatives, and flavors from our beloved Kraft Mac & Cheese back in 2016.' Who else has eliminated synthetic additives? States and companies alike are suffering pushback from the current administration and consumer market to rid their products of artificial additives— and they're seemingly obliging. Companies such as Tyson, and PepsiCo owned brands like Lay's and Tostitos, have already pledged to stop using synthetic and petroleum-based dyes by the end of this year. Other wide-reaching bans have come from states on both sides of the political aisle including California, Virginia, and West Virginia, with 23 other states actively pursuing bans. For consumers interested in the federal rules governing color additives and dyes in foods, cosmetics, and drugs, the U.S. Department of Health and Human Services maintains a searchable online database with up-to-date information.
Entrepreneur
3 days ago
- Business
- Entrepreneur
Kraft Heinz Plans to Remove Artificial Dyes By End of 2027
The colors of Jell-O might look different on store shelves in three years as Kraft Heinz makes a sweeping change to remove artificial dyes from its products. Kraft Heinz announced on Tuesday that it will discontinue using artificial dyes in the formulation of its products by the end of 2027. In addition to Jell-O, Kraft Heinz is removing artificial colors from its Crystal Light, Kool-Aid, flavored water MiO, and marshmallow Jet-Puffed products. The company said the change would only affect about 10% of its products by net sales. "The vast majority of our products use natural or no colors," Pedro Navio, North America president at Kraft Heinz, stated in a press release. He mentioned, for example, that Heinz tomato ketchup has never had artificial dyes; the red color comes from tomatoes. Related: Walmart's Biggest Food Brand Launch in 20 Years Introduces a Private Label With 'Unique,' Spicy Options Kraft Heinz has assembled a team to remove artificial colors where they are not needed, replace artificial dyes with natural colors, or formulate new natural colors if natural replacements are unavailable. The company will also not launch any new products with artificial dyes, effective Tuesday. Kraft Heinz is the first major food manufacturer to commit to stop using artificial dyes, per The New York Times. In 2016, Kraft replaced the bright orange dye in its Kraft Mac & Cheese with color derived from a mix of natural spices like turmeric, annatto, and paprika. Kraft's shift away from artificial dyes arrives after the U.S. Secretary of the Department of Health and Human Services, Robert F. Kennedy Jr., met with Kraft Heinz CEO Carlos Abrams-Rivera and other food industry leaders in March. Kennedy said at a news conference the following month that he had reached "an understanding" with food manufacturers to remove artificial food colorings from products within the next few years. Related: This Walgreens Product Is Flying Off Shelves, Thanks to TikTok: 'We Sold Through Nearly All of the Product' Regulators have also moved to ban artificial dyes. In January, the U.S. Food and Drug Administration (FDA) announced a ban on the artificial food coloring Red No. 3, currently found in everything from cold medicine to candy, due to its link to cancer. The dye will no longer be allowed in food starting in 2027. The FDA is also eliminating other petroleum-based dyes by the end of 2026, including yellow dye 5 and blue dye 1. Kraft Heinz is the fifth-largest food and beverage manufacturer in the world, with revenues of $26 billion in 2022. The company sells brands like Cool Whip and Philadelphia.
