Bloomberg Intelligence
BI Weekend: Mars, Kellanova Deal, New Starbucks CEO
Aug 16, 2024
This week, Jennifer Bartashus, a retail staples analyst, discusses Mars' $36 billion acquisition of Kellanova, highlighting shifts in consumer behavior amid rising food costs. Redd Brown reviews Home Depot's earnings and their pivot to contractors. Jody Lurie observes challenges for Starbucks with a new CEO amid activist pressures. Yayoi Sekine explores advancements in battery technology, linking it to energy storage's future. They also touch on potential antitrust actions against Google and the transformation strategy at Victoria's Secret.
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Quick takeaways
- Mars' acquisition of Kellanova for nearly $36 billion aims to diversify its portfolio and reduce reliance on chocolate amid rising costs.
- Starbucks' new CEO faces challenges from activist investors and changing consumer behaviors, necessitating a strategic brand revitalization.
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