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Michael Collins Appointed to Jacobs Board of Directors

06 September 2024, PR Newswire

Michael Collins, currently a Partner and former Chief Operating Officer at Bain & Company, has joined the Board of Directors at Jacobs. Collins brings extensive experience in global management consulting, having worked at Bain since 1992, where he advised on growth strategies, acquisitions, and organizational changes across various industries, including retail and telecommunications. Jacobs CEO Bob Pragada expressed excitement about Collins' appointment, highlighting his potential to offer valuable insights as Jacobs continues to grow its high-value consulting and advisory services. 

Jacobs, a global leader in professional services, generates approximately $16 billion in annual revenue and employs over 60,000 people. The company focuses on providing consulting, technical, and project delivery services to both the government and private sectors. Jacobs is committed to solving critical global issues, transforming ambitious ideas into impactful realities. This press release contains forward-looking statements that are subject to risks and uncertainties, including factors related to economic conditions, geopolitical events, and regulatory changes, which may impact Jacobs' business results. The company does not undertake any obligation to update these statements after their release, except as required by law.

Molson Coors shakes up DEI programmes

04 September  2024, Just Drinks

Molson Coors Beverage Co. has recently updated its diversity, equity, and inclusion (DEI) programs, shifting towards a broader approach where all employees feel welcome. The company completed its previous DEI training programs for all US staff and is now focusing on the next phase of training aimed at business growth and fostering a thriving workplace.However, Molson Coors has decided to pull back on certain DEI commitments. The company will no longer set goals for supplier diversity, participate in the Human Rights Campaign's (HRC) corporate rankings, or tie executive compensation to staff representation. 

This move aligns with similar actions by other major companies like Brown-Forman, Ford, and Harley-Davidson, which have also scaled back their DEI efforts. Orlando Gonzales, VP of programs at the HRC, criticized these changes, warning that abandoning DEI initiatives could make workplaces less safe and inclusive, potentially driving away top talent and customers. This shift follows the backlash faced by Anheuser-Busch InBev after a controversial social media campaign, which significantly impacted Bud Light’s sales.

Fainders.AI Launches Affordable Cashierless MicroStore in Gym

06 September 2024, PR Newswire

Fainders.AI, a Korean retail AI company, has introduced its latest innovation: a cost-effective, cashierless MicroStore designed for small spaces. The compact, 15-square-meter unit can be installed within a week, making autonomous retail more accessible to small and medium-sized businesses (SMBs). The first installation is in 'Fitness 101,' a gym in Seoul, providing members with convenient access to healthy snacks during workouts.

Fainders.AI's MicroStore is notable for its affordability, targeting retailers and space owners with limited budgets. Unlike other plug-and-play autonomous stores, this solution is competitively priced, making it the first to attract SMBs. The company is now looking to expand globally, with discussions already underway with clients across Asia. CEO Myungwon Ham emphasized the importance of the MicroStore in addressing the retail challenges in Asia, particularly staff shortages, and high automation costs from US vendors, positioning Fainders.AI as a viable alternative.

Official Opening of the 2024 Zhejiang International Trade Exhibition

06 September  2024, Businesswire

The 2024 Zhejiang International Trade Exhibition (Thai) commenced on September 5th at Bangkok's IMPACT Exhibition Center, organized by the Zhejiang Provincial Department of Commerce. The event, now in its third year, showcases Zhejiang's strengths in lighting, smart city, and smart living industries under the theme "Zhejiang Made All Need." Key attendees included officials from Thailand's Ministry of Energy, the Chinese Embassy, and the Thailand Convention and Exhibition Bureau.

The exhibition features leading Zhejiang brands like Hikvision, Tuya, Meka, and VOC, highlighting their innovative products. Notably, Tuya has partnered with major Thai companies like SCG and T3 Technology to advance smart home technology and support Thailand's IoT ecosystem. As China’s third-largest trading partner in ASEAN, Thailand's economic ties with Zhejiang are bolstered by the Belt and Road initiative. The three-day event will facilitate business connections through forums, conferences, and meetings, fostering deeper trade relations between Zhejiang and Thailand.

Pernod Ricard backs out of Paris St Germain tie-up after rival fans outcry

05 September  2024, Just Drinks

Pernod Ricard has abruptly canceled its recently announced four-year sponsorship deal with Paris Saint Germain (PSG) following an intense backlash from fans of Olympique de Marseille, a rival football team. The partnership, unveiled on September 2nd, was set to promote Pernod Ricard’s extensive portfolio, including brands like Absolut vodka and Martell Cognac, throughout PSG’s platforms. However, the strong association of Pernod Ricard’s Ricard Pastis, an anise-flavored aperitif, with the city of Marseille triggered a wave of outrage among Marseille supporters, who vowed to boycott the brand on social media.

In response, Alexandre Ricard, chairman and CEO of Pernod Ricard, decided to pull out of the deal, citing the deep roots and strong cultural ties of Ricard Pastis with Marseille as the driving factor. He stated that the decision was made after carefully listening to feedback from the company’s employees, customers, shareholders, and his own family. Despite this setback, Pernod Ricard is continuing to expand its presence in the sports world. Recently, the company partnered with Arsenal, making its Chivas Regal brand the "Official Whisky Partner" of the club. 

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