DOCSLIB.ORG

Consumer and Retail

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Consumer and Retail CONSUMER AND RETAIL INDUSTRY UPDATE │ MAY 2016 www.harriswilliams.com Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorised and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business. CONSUMER AND RETAIL INDUSTRY UPDATE │ MAY 2016 HARRIS WILLIAMS & CO. CONSUMER UPDATE GROUP OVERVIEW HW&CO.’S RECENT INDUSTRY OBSERVATIONS Harris Williams & Co. is a leading advisor to the Consumer market. Our Continuing through 2016, the Harris Williams Consumer team remains very active significant experience covers a broad across each of its key verticals. This activity continues to be fueled by strategic and range of end markets, industries, and financial buyers having ample capital that they are seeking to deploy via business models. This particular report acquisitions, underlying consumer spending remaining steady, and solid performance focuses on trends and metrics in the following areas: of leading consumer brands. Consumer Durables One sector that has seen a continued period of consolidation . Consumer Electronics and M&A activity is the infant and juvenile industry, a key focus . Consumer Services area for the Harris Williams Consumer team. As detailed in the “M&A Round-up” on the following page, market activity in the . Footwear, Apparel, and infant and juvenile sector has been strong, as both financial Accessories and strategic buyers vie for fast-growing, market-leading . Franchise Platforms brands. From our ongoing dialogue with key industry players, . Internet Retail we’ve observed that the following trends will continue to . Home Furnishings positively impact deal activity over the near-term. Household Goods Key Observations . Infant and Juvenile Products . Jewelry, Gifts, and Collectibles . Lawn, Garden, and Pet Products Positive Industry Momentum – industry players remain optimistic about the space, and Services citing (i) the sector’s attractive underlying demographics and evergreen demand, (ii) ability to support premium brands, and (iii) continued consumer spending growth. Omni / Multi-Channel Brands . Outdoor and Lifestyle “Must-Haves” for Parents – today’s market features scores of “must have” products . Personal Care Products aimed at making parent’s lives easier, especially for families with on-the-go lifestyles. Specialty and Mass The proliferation of new product categories and product lines with more specific Merchant Retailing functionality have notably increased the overall market size. Impact of Millennial Generation – the largest generation in the U.S. ever, millennials, CONTACTS are becoming parents and carrying over their consumer preferences into the infant John Neuner and juvenile sector – seeking brands that are “authentic”, embody an active Managing Director lifestyle, or engage directly via social media. [email protected] +1 (804) 915-0125 Ryan Budlong Increasing Globalization – the infant and juvenile Managing Director industry continues to experience a rising degree of [email protected] globalization, as leading brands garner followings +1 (415) 217-3409 across multiple geographies. In particular, Asia has Brent Spiller become a significant source of growth as consumer Managing Director buying power in the region continues to increase and [email protected] regulations such as the relaxation of the one child +1 (804) 915-0183 policy in China bolster demand. Importantly, Asian Corey Benjamin buyers have played an outsized role in several recent Director transactions as they see an opportunity to drive [email protected] western brand penetration in Asia. +1 (804) 932-1342 Matt Conaty Vice President REPRESENTATIVE EXPERIENCE IN INFANT AND JUVENILE [email protected] +1 (415) 217-3423 a portfolio company of a portfolio company of has made a significant has been acquired by investment in has been acquired by has been acquired by has been recapitalized by www.harriswilliams.com PAGE | 1 CONSUMER AND RETAIL INDUSTRY UPDATE │ MAY 2016 HARRIS WILLIAMS & CO. CONSUMER UPDATE INFANT AND JUVENILE M&A ROUND-UP Ergobaby is in the process of acquiring a majority stake in the carrier line Tula Baby. The investment complements Ergobaby’s existing carrier offering and builds on the company’s portfolio of brands, which also includes Orbitbaby, a premium line of strollers and car seats. The Chinese based Alpha Group announced its acquisition of juvenile products manufacturer Baby Trend Inc. The acquisition marks Alpha’s entry into North America and jumpstarts the global development for Alpha’s juvenile business. InvestIndustrial acquired Chicco from the Italian infant and juvenile platform Artsana that was looking to divest the brand. Chicco focuses on the mobility category and is one of the largest and most well-regarded infant and juvenile brands. The Shanghai-based, personal care provider Jawha is in final talks to acquire a controlling interest in Mayborn Group from 3i Capital. Mayborn operates under its leading brand of feeding products, Tommy Tippie. For Jawha, the acquisition represents an important foothold in the European and North American infant and juvenile markets. European fund Gimv recently announced a minority investment in baby gear brand Joolz. Joolz is a leading premium lifestyle infant and juvenile brand based in Europe that offers strollers, car seats and other home gear categories. Toy Giant Mattel acquired Sproutling, a producer of smart monitors for infants. Sproutling’s hardware works in conjunction with a camera and mobile app that attaches to a baby’s ankle to measure heart rake and motion. The acquisition marks Mattel’s continued efforts to expand its portfolio of children’s technology lines. Beco Baby Carrier was acquired by competitor Boba, further consolidating the baby carrier landscape. The combination brings together two authentic, outdoor lifestyle branded providers of wraps and carriers in the premium mobility category. Premium infant and juvenile retailer Giggle acquired competitor LMC Right Start, creating a one of the largest premium retail platforms in a relatively fragmented industry. Sergent Major acquired a controlling interest in Du Pareil au Meme, a leading premium retailer based in Paris. The combination represents a meaningful consolidation of the premium infant and juvenile retail landscape in Europe. Shanghai-based Fosun acquired a controlling stake in the iconic British stroller brand Silver Cross. The acquisition demonstrates a growing trend of Asian investors with clear ambitions to own premium western brands in the infant and juvenile sector. PAGE | 2 CONSUMER AND RETAIL INDUSTRY UPDATE │ MAY 2016 PUBLIC MARKETS OVERVIEW KEY TRADING STATISTICS (DETAIL BEGINS ON PAGE 7) Median TEV/ Median TEV/ Number of Median Enterprise Change in Stock Price Sector LTM Multiples Forward Mulitples Companies Value ($ M) 3 mos. 12 mos. Revenue EBITDA Revenue EBITDA Consumer Products & Services Apparel & Footwear 24 $2,690 (0.7%) (10.6%) 1.4x 9.9x 1.3x 9.1x Consumer Durables 6 16,537 20.5% (2.9%) 1.0x 9.4x 0.9x 7.8x Consumer Services and Retail Franchisors 7 3,194 (5.4%) (25.7%) 2.3x 9.3x 1.8x 7.7x Home & Office Furniture & Furnishings 10 1,601 16.9% (1.2%) 0.9x 9.5x 0.8x 7.9x Household Products 5 18,887 7.6% 14.4% 3.9x 15.8x 3.8x 14.6x Housewares 10 3,287 12.3% (8.3%) 1.0x 11.1x 1.0x 8.7x Infant & Juvenile 12 3,438 9.2% 13.3% 0.7x 10.7x 0.7x 7.9x Outdoor & Lifestyle 20 882 1.2% (8.9%) 1.3x 10.5x 1.3x 8.7x Personal Care Products 13 3,324 16.2% 10.8% 1.5x 10.1x 1.3x 9.7x Pet Care 8 3,013 20.4% 3.4% 1.4x 13.3x 2.1x 11.3x Retail Apparel & Footwear Retail 31 1,152 (3.5%) (20.3%) 0.5x 5.7x 0.5x 5.2x Department Chains 8 6,223 (16.6%) (51.4%) 0.5x 5.3x 0.5x 5.6x Discount Stores & Mass Merchants 14 26,015 2.8% (1.9%) 0.7x 11.3x 0.7x 10.4x Furniture & Furnishings Retailers 14 1,257 4.1% (41.1%) 0.7x 6.2x 0.7x 6.1x Internet Retail 12 4,703 13.7% 0.8% 2.3x 16.3x 2.3x 12.1x Specialty & Other Retail 15 2,515 2.2% (32.2%) 0.6x 6.0x 0.6x 5.5x Consumer Products & Services 115 $3,240 10.8% (2.1%) 1.3x 10.3x 1.3x 8.7x Retail 94 $3,609 2.5% (26.3%) 0.6x 6.1x 0.6x 5.9x Consumer & Retail Index 209 $3,240 5.9% (5.6%) 1.0x 10.0x 0.9x 8.3x PUBLIC COMPANY SECTOR PERFORMANCE (12-MONTH % CHANGE IN STOCK PRICE) Household Products Infant & Juvenile Outdoor & Lifestyle Personal Care Products Internet Retail Home & Office Furniture & Furnishings Discount Stores & Mass Merchants Consumer Durables S&P 500 Consumer & Retail Index Housewares Pet Care Apparel & Footwear Apparel & Footwear Retail Consumer Services and Retail Franchisors Specialty & Other Retail Furniture & Furnishings Retailers Department Chains (60.0%) (50.0%) (40.0%) (30.0%) (20.0%) (10.0%) 0.0% 10.0% 20.0% PAGE | 3 CONSUMER AND RETAIL INDUSTRY UPDATE │ MAY 2016 PUBLIC MARKETS OVERVIEW CONSUMER AND RETAIL INDUSTRY STOCK PERFORMANCE 250 225 200 175 150 Index 125 100 75 50 May-12 Aug-12 Nov-12 Feb-13 May-13 Aug-13 Nov-13 Feb-14 May-14 Aug-14 Nov-14 Feb-15 May-15 Aug-15 Nov-15 Feb-16 May-16 Dow Jones U.S. Retail Index Dow Jones U.S. Consumer Goods Index Dow Jones U.S. Consumer Services S&P 500 Index RECENT EQUITY OFFERINGS Gross Proceeds Close Date Filing Date Issuer Ticker Transaction Type ($ M) Primary Industry 05/12/16 05/12/16 Bright Horizons Family Solutions BFAM Follow-on $138.7 Education Services 05/05/16 02/17/16 Walgreens Boots Alliance WBA Follow-on 1,200.0 Drug Retail 04/22/16 02/12/16 V ince Holding Corp V NCE Follow-on 63.8 Apparel, Accessories and Luxury Goods 04/12/16 04/12/16 Sportsman's Warehouse SPWH Follow-on 67.5 Specialty Stores 03/22/16 03/22/16 The Michaels Companies, Inc.
Load more

Recommended publications
  • TOM FORD Lumineuse Instantanée, Oui
    ellequebec.com SARAH-JEANNE LABROSSE BEAUTÉ DIY LE GOÛT LES RECETTES DE DU RISQUE LA RÉDAC DU ELLE TENDANCES mode et beauté CARTES POSTALES D’ISRAËL RÉFUGIÉES AU QUÉBEC LEURS HISTOIRES SEPTEMBRE 2018 calvinklein.com/205 biotherm.ca CHRISTY TURLINGTON-BURNS Suivez-nous sur Facebook et Instagram LE POUVOIR DE LA NATURE INFUSÉ AU CŒUR DE SOLUTIONS ANTI-ÂGE CIBLÉES PROTÈGE ET RÉPARE Pour les peaux normales à sèches RÉPARATION RAPIDE Pour tous types de peau RAFFERMIT ET RÉPARE Pour tous types de peau NOURRIT ET RÉPARE Pour les peaux normales à sèches L’HYDRATANT ANTI-ÂGE N°1 * N° 1 EN VOLUME, MARCHÉ LUXE SOINS AU CANADA, PÉRIODE DE 12 MOIS SE TERMINANT EN DÉCEMBRE 2017 (SOURCE : NPD). CANADA, PÉRIODE DE 12 MOIS SE TERMINANT EN DÉCEMBRE 2017 (SOURCE SOINS AU MARCHÉ LUXE * N° 1 EN VOLUME, BLUE THERAPY AU CANADA* Découvrez notre diagnostic de peau afin de trouver votre routine personnalisée. Visitez biotherm.ca ou votre pharmacie la plus proche et obtenez un échantillon gratuit. eau de toilette sommaireseptembre2018 Veste en jean et robe en résille ornées de cristaux (Dolce & Gabbana); boucles d’oreilles en cuivre (Sunday Feel). 62 41 CULTURE MODE 26 PLISSÉ SERRÉ 33 EN COUVERTURE Sorties, théâtre, cinéma, La jupe à plis musique, livres... en trois temps. ELLE RENCONTRE 27 41 Sarah-Jeanne Labrosse VERT ÉMERAUDE mène la danse. La couleur de la rentrée. REPORTAGE 62 L’ÉCOLE BUISSONNIÈRE REPORTAGE 50 46 C’EST MON HISTOIRE Découverte des nouveautés Parcours de réfugiées: «Un soir, j’ai fait le trottoir.» de la saison. fuir et guérir pour recommencer à vivre.
    [Show full text]
  • Mac Slover Retires After 30 Years in City Sports Longtime Director of Parks and Rec Calls Miracle League the Highlight of His Career by MISSY SCHROTT
    Alexandria Times Vol. 14b, No. 25 Alexandria’s only independent hometown newspaper. JUNE 21, 2018 Agenda:Alexandria celebrates two decades of debate Dinners, discussions Speck and Lonnie Rich were run- held on hot button topics ning for re-election in 1997 when since 1998 the issue of police pay was raised. BY ALEXA EPITROPOULOS Rich drew ire from the police union for his view. The union had Agenda:Alexandria, which proposed increasing police pay by celebrated its 20th anniversary on 10 percent and pay for other city June 10, started with a particular- employees by 7 percent, which ly contentious election season and Rich countered by proposing a Rolodex. Former City Councilors David SEE AGENDA:ALEX | 7 PHOTO/MISSY SCHROTT Mac Slover on the Kelley Cares Miracle Field, a passion project he calls the crown The Mighty Titans jewel of his career. Mac Slover retires after 30 years in city sports Longtime director of parks and rec calls Miracle League the highlight of his career BY MISSY SCHROTT After 30 years of developing with Mac Slover. city recreation programs, start- “His impact is far and wide,” ing a Miracle League for special Lindsey Swanson, vice chair of needs kids and adults and being the Miracle League of Alexandria, the voice on the other end of the said. “I mean, he’s been with the youth sports hotline, Mac Slover city now for 30 years. There was PHOTO/SUSAN HALE THOMAS is retiring. no aspect of the city parks de- The T.C. Williams High School Class of 2018 graduated Saturday.
    [Show full text]
  • Cosmetic Gala Bingo Instructions
    Cosmetic Gala Bingo Instructions Host Instructions: · Decide when to start and select your goal(s) · Designate a judge to announce events · Cross off events from the list below when announced Goals: · First to get any line (up, down, left, right, diagonally) · First to get any 2 lines · First to get the four corners · First to get two diagonal lines through the middle (an "X") · First to get all squares (a "coverall") Guest Instructions: · Check off events on your card as the judge announces them · If you satisfy a goal, announce "BINGO!". You've won! · The judge decides in the case of disputes This is an alphabetical list of all 30 events: 3 in 1 cleanser, Avene, Bioderma, Blush, Christmas, Concealer, Cosmetics, Cover Girl, Day Cream, Essie, Exfoliate, Eyeliner, Eyeshadow, Fragrance, Lipstick, Lise Watier, L’Oreal, Makeup Remover, Marcelle, Mascara, NYX, Night Cream, Personelle, Primer, Revlon, Rimmel, Serum, Setting Powder, Sunscreen, Vichy. BuzzBuzzBingo.com · Create, Download, Print, Play, BINGO! · Copyright © 2003-2021 · All rights reserved Cosmetic Gala Bingo Call Sheet This is a randomized list of all 30 bingo events in square format that you can mark off in order, choose from randomly, or cut up to pull from a hat: Cosmetics Personelle Eyeshadow Concealer Revlon Setting Lise Eyeliner Marcelle Fragrance Powder Watier Day Lipstick Sunscreen Primer Avene Cream Serum Mascara Exfoliate Essie Bioderma Night 3 in 1 Vichy Blush Rimmel Cream cleanser Makeup Cover L’Oreal NYX Christmas Remover Girl BuzzBuzzBingo.com · Create, Download, Print, Play, BINGO! · Copyright © 2003-2021 · All rights reserved Cosmetic Gala Makeup Eyeshadow L’Oreal Christmas Cosmetics Remover Concealer Exfoliate Lipstick Primer Sunscreen I love Night NYX Revlon Personelle makeup Cream Setting Rimmel Mascara Serum Fragrance Powder Cover 3 in 1 Eyeliner Vichy Essie Girl cleanser This bingo card was created randomly from a total of 30 events.
    [Show full text]
  • It's a New Ballgame for Iconic City Sports Chain
    It’s a new ballgame for iconic City Sports chain A City Sports store on Boylston Street in November, before it closed down. The athletic apparel chain declared bankruptcy late last year and shuttered its stores. By Jon Chesto GLOBE STAFF FEBRUARY 23, 2016 City Sports is getting back in the game. Two brothers who run a New Jersey-based soccer equipment retailer have embarked on an ambitious plan to revive the City Sports business, after buying the brand name and related intellectual property. Although beloved by a core customer base, City Sportsfiled for bankruptcy in 2015 and eventually closed after doing business in Boston for 32 years. Now the brothers, Brent and Blake Sonnek-Schmelz, say an e-commerce site is in the works, probably launching within the next few weeks. They hope to pick their first brick-and-mortar location for their new firm, City Sports USA, by the end of the year. The focus at the start, Brent Sonnek-Schmelz said, will be on locations in Boston and New York. For now, they’ll run City Sports out of the headquarters of their chain, Soccer Post, in Eatontown, N.J. But Brent Sonnek-Schmelz said they will be run as separate companies, with Soccer Post aimed at suburban consumers and City Sports targeting urban ones. The chief operating officer of the new City Sports company said the brothers were longtime City Sports customers, visiting stores in New York and Philadelphia. He said they were surprised to learn last November that the chain would close. The previous management tried to find a buyer for 18 of those stores, but two liquidation firms offered the best bid, and all 26 stores were shuttered.
    [Show full text]
  • RBC Nymeyer-Scrimgeour North American Value Technical & Quantitative Roc Securities CAD Hedged
    July 2016 RBC Nymeyer-Scrimgeour North American Value Technical & Quantitative RoC Securities CAD Hedged GLOBAL INVESTMENT SOLUTIONS FOR THE INFORMATION OF INVESTORS IN OUTSTANDING RBC NYMEYER-SCRIMGEOUR NORTH AMERICAN VALUE TECHNICAL & QUANTITATIVE ROC SECURITIES CAD HEDGED ONLY Investment Objective: EQUITY INVESTMENT - JULY 2016 The RBC Nymeyer-Scrimgeour North American Value Dividend Technical & Quantitative RoC Securities CAD Hedged Sector Index Symbol Company Weight Yield (%) Rank have been designed to provide investors with "long" Energy S&P 1500 NOG Northern Oil and GasGLOBAL Inc INVESTMENT3.50% SOLUTIONS0.00 3 exposure to RBC's proprietary 6-factor quantitative S&P 1500 ATW Atwood Oceanics Inc 3.50% 0.00 22 models, with the ability to allocate to Fixed Income S&P/TSX ERF Enerplus Corp 1.50% 1.41 6 Investments based on whether the shares in the Materials S&P/TSX LUC Lucara Diamond Corp 1.50% 1.72 2 S&P/TSX Composite Index (“S&P/TSX”) and the S&P S&P/TSX THO Tahoe Resources Inc 1.50% 1.60 5 S&P/TSX TRQ Turquoise Hill Resources Ltd 1.50% 0.00 9 1500® Composite Index (“S&P 1500”) exhibit bearish S&P/TSX AEM Agnico Eagle Mines Ltd 1.50% 0.60 10 trends to such an extent that an insufficient number S&P/TSX FM First Quantum Minerals Ltd 1.50% 0.22 13 of shares are eligible to be selected by the Models S&P/TSX LIF Labrador Iron Ore Royalty Corp 1.50% 8.06 17 for notional inclusion in the Equity Investments, S&P/TSX TCK.B Teck Resources Ltd 1.50% 0.59 21 while at the same time providing a partial hedge of S&P 1500 RYAM Rayonier Advanced
    [Show full text]
  • DFA Canada Canadian Vector Equity Fund - Class a As of July 31, 2021 (Updated Monthly) Source: RBC Holdings Are Subject to Change
    DFA Canada Canadian Vector Equity Fund - Class A As of July 31, 2021 (Updated Monthly) Source: RBC Holdings are subject to change. The information below represents the portfolio's holdings (excluding cash and cash equivalents) as of the date indicated, and may not be representative of the current or future investments of the portfolio. The information below should not be relied upon by the reader as research or investment advice regarding any security. This listing of portfolio holdings is for informational purposes only and should not be deemed a recommendation to buy the securities. The holdings information below does not constitute an offer to sell or a solicitation of an offer to buy any security. The holdings information has not been audited. By viewing this listing of portfolio holdings, you are agreeing to not redistribute the information and to not misuse this information to the detriment of portfolio shareholders. Misuse of this information includes, but is not limited to, (i) purchasing or selling any securities listed in the portfolio holdings solely in reliance upon this information; (ii) trading against any of the portfolios or (iii) knowingly engaging in any trading practices that are damaging to Dimensional or one of the portfolios. Investors should consider the portfolio's investment objectives, risks, and charges and expenses, which are contained in the Prospectus. Investors should read it carefully before investing. Your use of this website signifies that you agree to follow and be bound by the terms and conditions of
    [Show full text]
  • Co-Branded Beauty Feature
    THE MARKET | PRODUCTS FASHION X LisE WATIER Dress, $4,000, Stephan Caras. Bra and briefs, stylist’s own. Earrings, $105, Biko. ThE SECRET GARDEN Fall colours inspire mesmerizing makeup looks. Photography by Marie H Rainville Styling by George Antonopoulos Creative direction by Brittany Eccles and Danielle Campbell THE MARKET | PRODUCTS FASHION X LisE WATIER TIME TO Elegant and ethereal: You’ll fall for the autumn-inspired limited-edition Haute BLooM Nature collection from Lise Watier. LUXURY LinER ThE BLUsh-off SHADOW PLAY Lip SERVICE The Intense Waterproof The Haute Nature The Haute Nature Haute Nature Rouge 1Eyeliner ($24) is 2 Blush ($35) illumin- 3 Eyeshadow Palette 4 Gourmand Glow smudgeproof and ultra- ates, lifts and sculpts your ($48) has six creamy Hydrating Lip Balm ($23). pigmented. TIP “Look cheeks. TIP “These three powder shades. TIP TIP “Apply one layer for down into a mirror and your universal shades match “These lush shades blend a hint of colour, or, for lashes won’t be in the way all complexions,” says together perfectly to something more dramatic, when you apply the liner,” Vincent. “Swipe along create a dramatic and use a lip liner underneath suggests David Vincent, the cheekbone and then painterly defined eye,” several layers of the balm,” international makeup artist tap along the apple for explains Vincent. “The look says Vincent. “The look is for Lise Watier. added fullness.” is romantic and refined.” bold and modern.” Dress, $4,165, Preen by Thornton Bregazzi at The Room at Hudson’s Bay. Earring, $85, Jenny Bird. WATCH THE VIDEO AT FASHIONMAGAZINE.COM LISE WATIER INTERNATIONAL MAKEUP ARTIST DAVID VINCENT SHARES THE CUSTOM LOOKS HE CREATED USING THE LISE WATIER LIMITED-EDITION HAUTE NATURE COLLECTION FOR FALL 2018.
    [Show full text]
  • Board Shareholder Confidence Index (BSCI) 2013
    Board Shareholder Confidence Index (BSCI) 2013 Developed in spring 2003, the Board Shareholder Confidence Index comprises of factors often used by active shareholders to assess Boards of Directors*. While there are other variables not in our model that contribute to the effectiveness of Boards -- including elements that can only be observed from inside the boardroom -- we capture factors affecting shareholders’ confidence in the Boards’ abilities to fulfill their duties. These factors are different from the TSX Guidelines for effective corporate governance in that they take into account the shareholders’ perception of risk. Based on factors available to those outside the walls of the boardroom, we evaluate and rank Boards of Directors by their potential to act in an effective way and by their performance, as indicated by past practices. The score is developed using four linked steps. The result is a transparent, objective, and adaptable rating system that assigns companies listed on the S&P/TSX Composite Index a score out of 150. *We have updated the BSCI scoring criteria in 2013. Please see the BSCI 2013 Methodology for further details. Sections in Report:: 1 - Totals (7 pages) 2 - Individual Potential (9 pages) 3 - Group Potential (6 pages) 4 - Board Decision Output (5 pages) Joseph L. Rotman School of Management Tel: (416) 978-8998 105 St. George Street, Toronto, Ontario M5S 3E6 1/32 Email: [email protected] TOTALS Joseph L. Rotman School of Management Tel: (416) 978-8998 105 St. George Street, Toronto, Ontario M5S 3E6 2/32 Email: [email protected] 2013 Board Shareholder Confidence Index TOTALS Information on scoring can be found here: BSCI 2013 Methodology INDIVIDUAL BOARD DECISION Ticker Company POTENTIAL GROUP POTENTIAL OUTPUT Total Deductions Score /150 Maximum Deduction -29 -50 -71 -150 AAV Advantage Oil and Gas Ltd -13 -5 -39 -57 93 ABX Barrick Gold Corporation -10 -8 -8 -26 124 ACO.X ATCO Ltd.
    [Show full text]
  • Board Shareholder Confidence Index 2016
    Clarkson Centre for Board Effectiveness Board Shareholder Confidence Index 2016 Developed in spring 2003, the Board Shareholder Confidence Index comprises factors often used by active shareholders to assess Boards of Directors*. While there are other variables not in our model that contribute to the effectiveness of Boards -- including elements that can only be observed from inside the boardroom -- we capture factors affecting shareholders’ confidence in the Boards’ abilities to fulfill their duties. These factors are different from the TSX Guidelines for effective corporate governance in that they take into account the shareholders’ perception of risk. Based on factors available to those outside the walls of the boardroom, we evaluate and rank Boards of Directors by their potential to act in an effective way and by their performance, as indicated by past practices. The score is developed using four linked steps. The result is a transparent, objective, and adaptable rating system that assigns companies listed on the S&P/TSX Composite Index a score out of 150. *Please see the BSCI 2016 Methodology for further details. Sections in Report: 1 - Totals (10 pages) 2 - Individual Potential (10 pages) 3 - Group Potential (6 pages) Joseph L. Rotman School of Management Tel: (416) 978-8998 105 St. George Street, Toronto, Ontario M5S 3E6 1/36 Email: [email protected] Clarkson Centre for Board Effectiveness TOTALS Joseph L. Rotman School of Management Tel: (416) 978-8998 105 St. George Street, Toronto, Ontario M5S 3E6 2/36 Email: [email protected] TOTALS Information on scoring can be found on our website at 2016 Board Shareholder Confidence Index https://goo.gl/M2abdM BOARD SCORE / INDIVIDUAL GROUP DECISION TICKER COMPANY 150 POTENTIAL POTENTIAL OUTPUT Maximum Deduction -150 -31 -58 -61 AAR.UN Pure Industrial Real Estate Trust 117 -5 -13 -15 AAV Advantage Oil and Gas Ltd 106 0 -9 -35 ABX Barrick Gold Corporation 128 -2 -11 -9 AC.B Air Canada 126 0 -6 -18 ACO.X ATCO Ltd.
    [Show full text]
  • Vividata Brands by Category
    Brand List 1 Table of Contents Television 3-9 Radio/Audio 9-13 Internet 13 Websites/Apps 13-15 Digital Devices/Mobile Phone 15-16 Visit to Union Station, Yonge Dundas 16 Finance 16-20 Personal Care, Health & Beauty Aids 20-28 Cosmetics, Women’s Products 29-30 Automotive 31-35 Travel, Uber, NFL 36-39 Leisure, Restaurants, lotteries 39-41 Real Estate, Home Improvements 41-43 Apparel, Shopping, Retail 43-47 Home Electronics (Video Game Systems & Batteries) 47-48 Groceries 48-54 Candy, Snacks 54-59 Beverages 60-61 Alcohol 61-67 HH Products, Pets 67-70 Children’s Products 70 Note: ($) – These brands are available for analysis at an additional cost. 2 TELEVISION – “Paid” • Extreme Sports Service Provider “$” • Figure Skating • Bell TV • CFL Football-Regular Season • Bell Fibe • CFL Football-Playoffs • Bell Satellite TV • NFL Football-Regular Season • Cogeco • NFL Football-Playoffs • Eastlink • Golf • Rogers • Minor Hockey League • Shaw Cable • NHL Hockey-Regular Season • Shaw Direct • NHL Hockey-Playoffs • TELUS • Mixed Martial Arts • Videotron • Poker • Other (e.g. Netflix, CraveTV, etc.) • Rugby Online Viewing (TV/Video) “$” • Skiing/Ski-Jumping/Snowboarding • Crave TV • Soccer-European • Illico • Soccer-Major League • iTunes/Apple TV • Tennis • Netflix • Wrestling-Professional • TV/Video on Demand Binge Watching • YouTube TV Channels - English • Vimeo • ABC Spark TELEVISION – “Unpaid” • Action Sports Type Watched In Season • Animal Planet • Auto Racing-NASCAR Races • BBC Canada • Auto Racing-Formula 1 Races • BNN Business News Network • Auto
    [Show full text]
  • Corporate Board Governance and Director Compensation in Canada
    Corporate Board Governance and Director Compensation in Canada A Review of 2014 In Partnership with Patrick O’Callaghan and Associates $110.00 per copy © Korn Ferry, January 2015 All rights reserved. No part of the contents of this report may be reproduced or transmitted in any form or by any means without the written permission of the Publisher. This report is also available in French. Table of contents The Surveyed Companies 2 Special Report: Counting the Hours 6 Board Independence 20 Board Composition 28 Board Size 40 Board Assessments, Director Selection and Director Development 44 Meetings and Attendance 52 Board Committees 56 Director Compensation 60 Board Chair Compensation 68 Lead Director Compensation 72 Committee Chair Compensation 74 Committee Member Compensation 80 Stock-Based Compensation 84 Director Share Ownership 89 Company Data 93 Endnotes 102 Korn Ferry 105 Patrick O’Callaghan and Associates 107 1 The Surveyed Companies The Most Comprehensive Canadian Governance Study We are pleased to present the most comprehensive review of public issuer governance data available in Canada. This twenty-second annual report examines governance in Canadian companies and includes our special report, Counting The Hours: How Time Consuming Is It To Be A Canadian Director? Our commitment is to provide directors and trustees with accurate and relevant Canadian data across a wide spectrum. 2 The data is collected from publicly traded companies that were on one or more of the following lists: * The Financial Post Top 210 (June 2014) * The Report on Business Top 205 (July 2014) * The S&P/TSX Composite Index (at any time during 2013) • We draw data from annual reports, management proxy circulars and annual information forms for fiscal year-ends in late 2013, or the first few months of 2014.
    [Show full text]
  • Wiadomości Urzędu Patentowego
    Egz. okazowy INDEKS 38135 ISSN-0043-5201 Cena 14,00 zł WIADOMOŚCI URZĘDU PATENTOWEGO Nr 10 PAŹDZIERNIK 2001 Wydawnictwo Urzędu Patentowego Rzeczypospolitej Polskiej Warszawa SPIS TREŚCI su. Części Zarządzenia i komunikaty urzędowe 273. Komunikat Urzędu Patentowego RP o skreśleniach z listy rzeczników patentowych 1337 Cześć II Ogłoszenia o udzielonych prawach A. Wynalazki 274. Udzielone patenty (od nr 181886 do nr 182073) 1339 275. Decyzje o odmowie udzielenia patentu (wydane po ogłoszeniu o zgłoszeniu) 1356 276. Decyzje o umorzeniu postępowania (wydane po ogłoszeniu o zgłoszeniu) 1356 277. Decyzje stwierdzające wygaśniecie decyzji o udzieleniu patentu 1356 278. Wpisy i zmiany w rejestrze patentowym (nie uwzględnione w innych samodzielnych ogłoszeniach) 1356 279. Decyzje o wygaśnięciu patentu 1357 280. Decyzje o zmianie lub uchyleniu decyzji (opublikowanych w WUP) 1358 B. Wzory użytkowe 281. Udzielone prawa ochronne (od nr 58823 do nr 58876) 1359 282. Decyzje o odmowie udzielenia prawa ochronnego (wydane po ogłoszeniu o zgłoszeniu) 1363 283. Decyzje o umorzeniu postępowania (wydane po ogłoszeniu o zgłoszeniu) 1363 284. Decyzje stwierdzające wygaśnięcie decyzji o udzieleniu prawa ochronnego 1363 285. Decyzje o wygaśnięciu prawa ochronnego 1363 286. Decyzje o przedłużeniu prawa ochronnego 1363 C. Wzory zdobnicze 287. Rejestracja (od nr 18289 do nr 18412) 1364 288. Wpisy i zmiany w rejestrze wzorów zdobniczych (nie uwzględnione w innych samodzielnych ogłoszeniach) 1368 289. Decyzje o przedłużeniu prawa z rejestracji 1368 D. Topografie układów scalonych E. Znaki towarowe 290. Rejestracja krajowa (znaki towarowe) (od nr 130558 do nr 131329 z wyłączeniem nr 130749) 1369 291. Wpisy i zmiany w rejestrze znaków towarowych (nie uwzględnione w innych samodzielnych ogłoszeniach) 1457 292.
    [Show full text]