DOCSLIB.ORG

NESTLÉ EYEING A2 MILK? LALA OFFER SHARES EX

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
NESTLÉ EYEING A2 MILK? LALA OFFER SHARES EX ISSN 0956-8131 Est. 1989 September 1, 2021, Vol 33, No. 8 COPYRIGHT—All rights reserved, PHOTOCOPYING, SCANNING OR REPRODUCING ANY PART WITHOUT PERMISSION IS STRICTLY PROHIBITED Dairy Industry Newsletter’s internet service is at: https://dairyindustrynewsletter.co.uk (see back page for full details) Singapore/NZ/UK US OLAM INGREDS TO SEEK LONDON LISTING DAIRY FOODS’ TOP 100 RIDE THE PANDEMIC Agri-commodity giant Olam International have confirmed plans to build Dairy Foods’ latest Dairy 100, the magazine’s ranking of North America’s their own dairy processing facility in Tokoroa, NZ, after selling their biggest dairy processors by turnover, is relatively unchanged from 15.2% stake in Open Country Dairy for over NZ$80m to the Talley’s the 2020 list, despite the pandemic disruption. DFA, last year’s no.1, Group. The plant will be operated by swapped places with the no.3, Nestlé America, who now head the list Olam subsidiary Olam Food Ingredi- Plant/conventional with sales of about $11bn in 2020, and Prairie Farms Dairy drop from ents, who last week announced plans no.9 to no.15 ($3.4bn). Unilever’s North American operations move PARALLEL GROWTH? to demerge and list on the London from no.13 up to no.9. Hershey’s Ice Cream were no.100 with sales Stock Exchange, with a secondary list- A new report, ‘Dairy Food of $134m (see back page for detailed analysis). ing in Singapore, early next year. OFI Global Market Report 2021: are targeting the premium segment of Covid-19 Impact and Re- Australia/NZ the LSE, suggesting a likely move into covery to 2030’, published NESTLÉ EYEING a2 MILK? the FTSE 100 with annual revenues of by Research and Markets, US$9.1bn and EBIT of $600m. After sees the global dairy market The a2 Milk Co last week posted post-tax profit down 79% in the year considering Amsterdam and Zurich reaching US$956.26bn by to June on revenues down 30% to $1.2bn, and warned the coming year they chose London for its access to a 2025, an average annual would be “challenging and volatile” as they grapple with disruption in “large, diverse investor base and deep growth rate of 7%. A report their key Chinese market. EBITDA was down 78% to $123m includ- liquidity”, and “because the food and by Transparency Market Re- ing writing down $108.6m worth of stock to take some of their older beverage industry is well understood search concludes the global inventory out of the market, and $10m in costs from their acquisition plant-based milk market will of Mataura Valley Milk. Swiss milk product giant Nestlé are believed to among UK investors”. Acquisitions are exceed $30bn by 2029—a be eyeing the company with insiders expecting a move could be im- expected. Temasek Holdings, Olam’s CAGR of around 8%. Their minent following publication of their results. majority shareholder, and Japan’s strategies for growth include • CHINA CONGESTION WORSENS—China’s new Covid policies Mitsubishi Corp., who have a 15% flavoured milks and more and restrictions on cargo flights and the movement of refrigerated and stake, will remain major investors in online retail channels. frozen goods, including dairy, are making existing supply chain bottle- OFI after the listing. Mark Lynch of necks worse, industry bodies and importers have warned. A key termi- corporate finance company Oghma nal at the Ningbo-Zhoushan port, the world’s third busiest, was closed Partners said a London listing “would provide a significant boost to the after a worker contracted Covid-19. Traders fear stricter precautionary sector that has lost many former FTSE companies over the past 20yrs measures will damage trade further as worsening port congestion off including Cadbury Schweppes, United Biscuits, Hillsdown Holdings, China’s east coast leaves dozens of container ships waiting offshore or Albert Fisher, Northern Foods and Unigate”. diverted. Chinese authorities claim to have found coronavirus traces in frozen imports. UK company news • CHINA IMPORTS—China’s July dairy imports were up 13% to 332,700t, with WMP EX-TOMLINSON’S WORKERS WIN COMPENSATION imports up 98% at 73,600t. More than 100 former Tomlinson’s Dairies staffers have won a legal battle over the way in which they were made redundant when the company collapsed in 2019. A total 331 jobs were lost Mexico when the Wrexham-based firm went into administration with debts of almost £30m. Of these, LALA OFFER SHARES 108 former staff instructed employment experts Simpson Millar to pursue legal action on their behalf. A judge has ruled Tomlinson’s failed to consult staff properly when making redundancies. Mexican dairy giant Grupo Lala’s offer for the The value of the claim, currently being calculated, is estimated in the region of £400,000 and purchase of all of their outstanding stock was will be made in the form of Protective Awards claimed from the Redundancy Payments Service, launched last week at 17.36 pesos per share. which is part of the Government Insolvency Service and provides up to 8wks’ pay under such This price constitutes a 20% premium over the circumstances, capped at £4,304 as the company was insolvent. Tomlinson’s, established in volume-weighted average price as traded on 1983 by brothers Philip and John Tomlinson on their family farm in North Wales, expanded in the Mexican Stock Exchange for the 30 trad- 2017 after getting £22m investment from Finance Wales, the Welsh Government and HSBC. A ing days prior to the announcement in May report by PwC found that the major expansion, on the back of a new contract with Sainsbury’s, of their plans to sell. The offer will expire on had led to additional debt, which then led to trading losses and their subsequent collapse. Sept 21 unless extended. In this issue Cotteswold Dairy 6 Halen Môn 6 Mataura Valley Milk 1 Nestlé 1,8 Saputo 8 Oatly 3 Sodiaal 4 A-Ware 7 Dairy Group 3 Harris Teeter 3 Milcobel 7 Olam Int. 1 The Modern Milkman 6 a2 Milk 1,7 Danone 3,4 Horizon Organic 3 Milk Specialties Global 3 Ornua Foods UK 6 Tomlinson’s 1 Arla UK 6 Ekoniva 5 J. S. Bailey 6 Miyoko’s Creamery 3 Outspan Nigeria 3 Van Dairy 3 Ausnutria 4 First Milk 7 Joseph Heler 7 Mondelēz International 4 Prima Cheese 6 WIEMO 4 Baladna 3 Glanbia 5 Kendamil 7 Mossgiel Farm 6 Rumiano Cheese 3 Züg Frischkäse AG 5 Castle Dairies 6 Grupo Lala 1 Kraft Heinz 3 Namibia Dairies 3 1 1 Markets & prices September 1, 2021, Vol 33, No. 8 GDT CONTRADICTIONS PERSIST US Cheddar 40lb blocks Weekly market prices @27.08.21 (US$/t) In the August 10 issue of DIN we called the turn in the market, stating 6650 6350 EU OBSERVATORY PRICES that the mood of EU traders had moved away from the current negativ- 2020 ity on the GDT and was striding out on 6050 (€/t) Aug 25 v. Aug 4 2021 2021 5750 GDT AMF high low its own in advance of any direction set 5450 (US$/t) 6300 ‘downunder’. Since then that positivity has 5150 Butter 3940 +0.3% 4130 3350 4850 WMP 3100 -0.6% 3220 2710 6050 increased and the strides have become 4550 wider, particularly for butter and SMP, SMP 2510 +1.2% 2600 2190 5800 4250 Cheddar 3250 +0.3% 3240 3080 and this undoubtedly helped to reverse 3950 5550 2021 the fortunes of the second August auction 3650 Whey powd. 950 = 1010 780 2021 5300 after a 4-month losing streak. The increase 3350 US QUOTES, CHICAGO MERC.** 3050 5050 may not have been great, at 0.3% overall, ($/t) Aug 27 v. Aug 6 2021 2021 2750 but butter, Cheddar and AMF all posted 2450 high low 4800 decent rises. EU butter is now closing in on 2150 Butter (AA) 3750 +3.3% 4085 2835 4550 2020 €4,000/t, with Dutch origin increasing for 1850 SMP (grdA) 2810 +1.1% 2860 2470 Jul Jan Apr Jun Oct Feb Mar Dec Aug Sep Nov 4300 the fourth week in a row by another €40/t May Cheddar 4050 to €3,960/t—a far cry from the €3,700/t —40lb blcks 3865 +7.2% 4215 3265 German SMP it was heading towards in late July. That —500lb bar. 3230 +12% 3960 3075 3800 (€/t) 2700 Jul Jan Apr Jun Oct Conv. from US ¢/lb@1 tonne = 2,205lb Feb €4,000/t is a level which buyers will push ** Mar Sep Dec May Aug No v against, but will struggle to counter given 2600 the current milk supply situation in Germany, France and the UK where all are struggling with volumes. In the UK the past 3yrs have seen the 2500 2021 EU market indicators trough this week or next due to a significant change in calving patterns, 2400 OFFICIAL DUTCH PRICES while France’s is generally also next week and Germany’s later in week STAY STRONG 2300 40-45 (early Oct-Nov). Feed prices are also such that few farmers will be The Dutch Dairy Board/ZuivelNL 2200 feeding any concentrates to lift yields, and will be relying for winter milk last week increased all five of their on the variable forage they’ve cut. In the UK that forage looks good on 2100 official dairy commodity prices: but- paper where it has been analysed, but there are anecdotal reports that 2020 2000 ter was up €40 to €3,960/t, WMP it isn’t feeding out and performing as well as the analysis would suggest.
Load more

Recommended publications
  • Final-DDC-PDF.Pdf
    @switch4good Hello, and welcome to the Ditch Dairy Challenge! Whether you’re all-in or a bit skeptical, we want you to have the best experience possible, and we’re here to help. This isn’t your typical challenge—you won’t feel like you’re grinding it out to feel better once it’s complete. You’re going to feel awesome both during and after the 10 days—it’s incredible what ditching dairy can do for our bodies. Use this guide curated by our Switch4Good experts for quick tips and information to make the most of this challenge. From nutrition to recipes, OUR experts have got you covered! Don’t forget to document your journey on Instagram and tag #DitchDairyChallenge. Protein facts How Much Protein Do I Need? Recommended Daily Amount = 0.8 grams of protein per kilogram of bodyweight (or 0.4 grams per pound) FUN FACTS If you’re eating a 2,000-calories-a-day diet and only ate broccoli, you’d get 146 grams of protein per day! Even a full day’s worth of plain mashed potatoes would give you 42 grams of protein per day. TOO MUCH Too much protein can stress the liver and kidneys. PROTEIN It can also cause stomach issues, bad breath, and weight gain. Proteins are made of 22 amino acids or “building blocks.” Our bodies can produce 13 of these, and 9 we synthesize from food (like plants). What Are Complete Proteins? Complete proteins contain all 9 essential amino acids that our body cannot make. Thankfully, If you eat enough calories and a variety of plant-based foods, you don’t have to worry! But, if you’re curious: tofu, tempeh, edamame, soy milk, quinoa, hemp seeds, and chia seeds (which is really just the beginning!).
    [Show full text]
  • NON-DAIRY MILKS 2018 - TREND INSIGHT REPORT It’S on the Way to Becoming a $3.3 Billion Market, and Has Seen 61% Growth in Just a Few Years
    NON-DAIRY MILKS 2018 - TREND INSIGHT REPORT It’s on the way to becoming a $3.3 billion market, and has seen 61% growth in just a few years. Non-dairy milks are the clear successor to cow (dairy) milk. Consumers often perceive these products as an answer to their health and wellness goals. But the space isn’t without challenges or considerations. In part one of this two- part series, let’s take a look at the market, from new product introductions to regulatory controversy. COW MILK ON THE DECLINE Cow milk (also called dairy milk) has been on the decline since 2012. Non-dairy milks, however, grew 61% in the same period. Consumers are seeking these plant-based alternatives that they believe help them feel and look better to fulfill health and wellness goals. Perception of the products’ health benefits is growing, as consumers seek relief from intolerance, digestive issues and added sugars. And the market reflects it. Non-dairy milks climbed 10% per year since 2012, a trend that’s expected to continue through 2022 to become a $3.3 billion-dollar market.2 SOY WHAT? MEET THE NON-DAIRY MILKS CONSUMERS CRAVE THREE TREES UNSWEETENED VANILLA ORGANIC ALMONDMILK Made with real Madagascar vanilla ALMOND MILK LEADS THE NON-DAIRY MILK bean, the manufacturer states that the CATEGORY WITH 63.9% MARKET SHARE drink contains more almonds, claims to have healthy fats and is naturally rich and nourishing with kitchen-friendly ingredients. As the dairy milk industry has leveled out, the non-dairy milk market is growing thanks to the consumer who’s gobbling up alternatives like almond milk faster than you can say mooove.
    [Show full text]
  • KCW (March 2019)
    LONDON NEWS, GLOBAL VIEWS KCWKENSINGTON, CHELSEA & WESTMINSTER, HAMMERSMITH & FULHAM, WANDSWORTH to ay AND SELECT LONDON BOROUGHS ISSUE 81 MARCH 2019 FREE "SO MANY BOOKS, SO LITTLE TIME" FRANK ZAPPA NEWS • BUSINESS & FINANCE • EDUCATION • HEALTH • DINING OUT MOTORING • ARTS & CULTURE • LIFESTYLE • LITERATURE • ASTRONOMY OPINION & COMMENT • SPORT • CROSSWORD • BRIDGE • CHESS 2 March 2019 Kensington, Chelsea & Westminster Today www.KCWToday.co.uk 020 7738 2348 March 2019 Kensington, Chelsea & Westminster Today 3 Contents & Offices News online: www.KCWToday.co.uk Kensington, Chelsea LONDON NEWS, GLOBAL VIEWS & Westminster Today Contents Plans to transform KCWKENSINGTON, CHELSEA & WESTMINSTER, HAMMERSMITH & FULHAM, WANDSWORTH to ay AND SELECT LONDON BOROUGHS ISSUE 80 FEBRUARY 2019 FREE 80-100 Gwynne Road, London, Oxford Street approved © Publica Photograph Image © Zaha 02 Image SW11 3UW by Westminster council Tel: 020 7738 2348 E-mail: [email protected] Website: News www.kcwtoday.co.uk 3 Advertisement enquiries: Statue & Blue Plaque new piazza is one of several new plans for [email protected] 6 Oxford Street which have been approved by Subscriptions: Westminster City Council. [email protected] 2019 • THE YEAR OF THE PIG Architecture The public space would be created on Oxford Circus NEWS • BUSINESS & FINANCE • FESTIVE EVENTS • EDUCATION • HEALTH DINING OUT • MOTORING • ARTS & CULTURE • LIFESTYLE • LITERATURE • 8 Publishers: ASTRONOMY • OPINION & COMMENT • CROSSWORD & BRIDGE • CHESS A with buses re-routed on either side of Regent Street. Kensington & Chelsea Today Limited During the busiest times of the day several other streets News would be closed to cars and buses, with many of the 9 pavements along the famous shopping area widened. The speed limit would be brought down from Appeal from Editor in Chief 30mph to 20mph and all vehicles without zero- 10 emissions would be banned.
    [Show full text]
  • Marketing Strategy Report
    MARKETING STRATEGY REPORT International Tourism Marketing FS 2018 – Dr. Michael Gibbert The BEBS Group Fiammetta Battino, Carolina Bosco, Gisela Etter, Olivier Schorro About OATLY Mission « Deliver products that have maximum nutritional value and minimum environmental impact » Oatly is a Swedish based company that was founded in 1985. The company was born out of academic research at Lund University about finding a product which would have been both nutritional and sustainable, with the goal of making “delicious, nutritional plant-based milk made out of oats.” Sweedishness is part of Oatly’s brand values and personality and it is celebrated as such, to never forget Swedish roots through oats. Oatly recently shifted from being a food production company to a lifestyle brand with packaging and messaging addressing environmentally conscious and educated stakeholders. The company is now positioning itself as a “value-based brand”, linking its new image with an adoption of a political position based on environmentalism in support of environment protection. The recent shift from being a food production company to a lifestyle brand is well reflected in the packaging: From Food Production Company To lifestyle brand The packaging represents the company’s owned media in terms of expressing their values and philosophy and it is creative, expressive and distinguishable. Especially in the food industry, a change in packaging is dramatically affecting the brand. Oatly invests a lot in packaging, since the company wants the customer to pick the product out of curiosity from the shelves. OATLY Product Oatly product is sustainable oat milk and milk-derived products (e.g. milk, on the go drinks, ice cream, yogurts (so called “oatgurts”).
    [Show full text]
  • Oatly Group AB (OTLY)
    EQUITY RESEARCH Oatly Group AB (OTLY) Oatly Group AB Initiating Coverage Got Oats? Disrupting Dairy Sustainably – Initiate w/ a USA | Food Products Buy & $34 PT RATING BUY Juneꢀ14,ꢀ2021 PRICE $28.73^ Key Takeaway MARKET CAP $17.0B PRICE TARGET (PT) $34.00 We initiate coverage on Oatly Group, the world's largest manufacturer of dairy alternative UPSIDE SCENARIO PT $45.00 oat-based products, with a Buy rating and a $34 PT. Given the plant-based tailwind DOWNSIDE SCENARIO PT $25.00 backing the brand along with a ~$900bn TAM, combined with a planned capacity expansion to drive margins and to meet heightened global demand, OTLY has a long ^Prior trading day's closing price unless otherwise noted. runway for sustained, elevated growth and margin expansion vs. CPG peers, in our view. FY Dec JEF acted as a bookrunner in Oatly's May 2021 IPO USD 2020A 2021E 2022E 2023E A purpose-driven brand disrupting global dairy. Oatly is the world’s largest manufacturer EPS (0.10) (0.26) (0.14) 0.07 of dairy alternative oat-based products, with a purpose-driven philosophy for FY P/E NM NM NM NM sustainability. Along with its brand purpose and product portfolio, Oatly has successfully penetrated international markets using its proven multi-channel strategy, while plant- Rapid Share Gains Expected based dairy products are quickly becoming mainstream given the increasing appeal of values-driven plant-based food to the everyday consumer, providing an ongoing tailwind for the brand. JEF TAM analysis suggests long growth runway w/ ~$900bn TAM. While oat milk volume is still only one-fourth the size of almond milk volume, it’s now double the size of soy milk and rapidly gaining share in the global milk alternative category.
    [Show full text]
  • Presentation Includes Forward-Looking Statements
    This presentation includes forward-looking statements. All statements other than statements of historical facts contained in this presentation, including statements regarding our future results of operations and financial position, industry dynamics, business strategy and plans and our objectives for future operations, are forward-looking statements. These statements represent our opinions, expectations, beliefs, intentions, estimates or strategies regarding the future, which may not be realized. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “would,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “assumes,” “potential,” “position” or “continue” or the negative of these terms or other similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Forward-looking statements are based largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives and financial needs. These forward-looking statements involve known and unknown risks, uncertainties, contingencies, changes in circumstances that are difficult to predict and other important factors that may cause our actual results, performance or achievements to be materially and/or significantly different from any future results, performance or achievements expressed or implied by the forward-looking statement. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make.
    [Show full text]
  • “NOT a BRAND but a VOICE” the Advertising and Activism of Oatly in Germany
    “NOT A BRAND BUT A VOICE” The Advertising and Activism of Oatly in Germany 2nd year Master’s Thesis Submitted by: Luisa E. Falkenstein Malmö University K3 – School of Arts and Communication Media and Communication Studies: Culture, Collaborative Media and the Creative Industries (Master of Arts) Supervisor: Temi Odumosu Examiner: Michael Krona Date of examination: October 30th, 2020 ABSTRACT When describing the company’s ethos and brand, the creative director of Swedish oat drink pro- ducer Oatly, John Schoolcraft, routinely declares the company’s intention to be not a brand, but a voice. As popular activist causes become utilized by companies and commodified for advertising use, identifying the ways in which communication is used to create meaning becomes a relevant skill. This thesis takes Schoolcraft’s statement as a basis of inquiry into the ways in which a company can present itself through language. Through a multimodal discourse analysis of three different semiotic materials produced by Oatly in Germany; the text of a 2019 petition, two 2019 advertising posters and a selection of product packaging collected during the summer of 2020, the thesis seeks to identify the relevant discourses evoked by Oatly, the ways in which Oatly is represented within those discourses and the way in which Oatly’s semiotic resources might serve to create a myth of Oatly, the voice, not the brand. The relevant discourses represented in the texts were sustainability, food consumption and pro- duction, government power and the empowerment of consumers. In these discourses Oatly positioned themselves (as well as the reader) as an agent of change, trying to affect progress.
    [Show full text]
  • Changing Tastes Invention & Innovation in Sustainable Food
    June 2021 Changing Tastes Invention & Innovation in Sustainable Food Substitutes Last month Oatly made its market debut on the Nasdaq. Trading now at 60% over the IPO price puts a US$16 billion value on the company. So how does a decades old Swedish oat milk company transform itself into a high growth business and one of the hottest IPOs of 2021. Part of it is new leadership and rebranding, but really it’s all about changing tastes. Oatly was founded in the 1990s by two brothers who were looking for a milk alternative to cow’s milk for people with lactose intolerance. While that remains a distinct advantage as a choice for the vast majority of the population with lactose intolerance, changing market dynamics are really at play. Dairy and meat alternatives are a material market growth opportunity, aligning firmly with more sustainable and environmentally responsible consumer choices. Plant based milk production needs less land usage, is less energy intensive and emits less greenhouse gasses than dairy milk on a same volume comparison. Oatly and other dairy milk alternative products are no longer just to be found in the hipster coffee shops of Brooklyn but have gone full mainstream as changing consumer tastes force structural change across the food and beverage industry. Two of the better known leaders in the meat substitute space, Nasdaq listed Beyond Meats and California based Impossible Foods, have likewise been riding the wave of changing taste to more sustainable and eco-friendly choices. Plus, if you’ve tried their products, they’re pretty good.
    [Show full text]
  • MR NICHOLAS CADDICK Q.C. (Sitting As a Deputy High Court Judge)
    Approved judgment for handing down Oatly AB v Glebe Farm Foods Neutral Citation Number: [2021] EWHC 2189 (IPEC) Claim No. IP-2020-000059 IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS OF ENGLAND AND WALES INTELLECTUAL PROPERTY LIST (ChD) INTELLECTUAL PROPERTY ENTERPRISE COURT Rolls Building Fetter Lane London EC4A 1NL (Judgment handed down email) Date 5th August 2021 Before: MR NICHOLAS CADDICK Q.C. (Sitting as a Deputy High Court Judge) - - - - - - - - - - - - - - - - - - - - - B E T W E E N: (1) OATLY AB (2) OATLY UK LIMITED Claimants and GLEBE FARM FOODS LIMITED Defendant - - - - - - - - - - - - - - - - - - - - - MICHAEL HICKS (instructed by Gowling WLG) for the Claimant TOM ALKIN (instructed by Bristows LLP) for the Defendant - - - - - - - - - - - - - - - - - - - - - Hearing dates: 9th and 10th June 2021 - - - - - - - - - - - - - - - - - - - - - 1 Approved judgment for handing down Oatly AB v Glebe Farm Foods JUDGMENT Approved by the court for handing down Nicholas Caddick Q.C. Introduction 1. This is an action by the Claimants for infringement of five registered trade marks and for passing off. There was a counterclaim by the Defendant for a declaration of invalidity in respect of the Claimant’s word marks shown below but, given the way that the Claimant put its case at trial, the Defendant did not pursue that counterclaim. 2. The First Claimant is a Swedish company whose business involves the manufacture and sale of oat-based drinks which are a plant-based alternative to dairy products, such as cow’s milk. It sells those products under the brand name “OATLY” and does so in the UK through the Second Claimant, its wholly owned subsidiary.
    [Show full text]
  • Quantifying Oatly's Green Ambitions: Sustainability and the Quest For
    Quantifying Oatly’s Green Ambitions: Sustainability and the Quest for Transparent Business Behavior A case study exploring the interconnection between corporate social innovation and life cycle assessments 102851: Jonas Fribo-Søndergaard 102777: Loris Spasojevic Supervisor: Jacob Hasselbalch Department of Organisation Copenhagen Business School May 15th, 2020 Master Tesis MSocSc Organisational Innovation & Entrepreneurship Pages: 105 Characters: 240.050 15.05.2020 Copenhagen Business School 1/136 15.05.2020 Copenhagen Business School Acknowledgements A few people deserve an extra thank you for making this thesis possible. A special thank you to Abigail from Oatly for being accommodating, genuine and helpful throughout the full process. Your insightful answers provided us with inspiration and an appetite for a comprehensive exploration of novel approaches to sustainability. And to Martin from Oatly, your perspectives on anti-bureaucratic marketing were uplifting and an essential aspect of achieving transparency. To both of you, thank you for setting aside time for us and our interview; we know how busy you are with the current expansion and growth. Thank you to Michael for letting us into your office and translating your quantitative domain for two social science students. Your position and reflections posed new ideas and meaningful discussions. And to Etty from Carbon Cloud, for explaining how companies’ approach LCA’s and how your solution differs from the conventional ones, and most importantly, thank you for enduring an hour in the hottest study room the CBS library has to offer. Lastly, of course, a thank you to Jacob, our supervisor. No words wasted, precise and valuable feedback. Your direct and constructive manner helped us stay on track and not get lost in the unavoidable complexity that arrives with writing a thesis.
    [Show full text]
  • L-Plate Vegan the Pocket Guide to Animal-Free Shopping! L - Vegan Because? P L L the Food Is Amazing a T L It Saves Animals and the E Environment – and It’S Good V E
    , Viva! s L-Plate Vegan The pocket guide to animal-free shopping! L - Vegan because? P l l the food is amazing a t l it saves animals and the e environment – and it’s good V e for your health too. Result! g a l it’s never been easier – meat- n free and free-from food sales are worth £1 billion pa in the UK. Vegan products are an important part of the market! Exclusive features: l easy meals – Quick Fix Meal ideas from each supermarket l high street shopping. the pocket guide to Top Twenty best vegan product lists for each of NINE animal-free shopping major chains! l independents – on the street or online l eating out – ideas when you’re on the go l product-based search – from £1.90 e food to face cream! -Plat l health matters – simple tips L ISBN 978-0-9561093-9-2 and info l hidden nasties – what to avoid l food/cookery queries – expert gan help from [email protected] or Ve 0117 944 1000 l and lots more 9 7 8 0 9 5 6 1 0 9 3 9 2 £1.90 L-Plate Vegan the pocket guide to animal-free shopping The L-Plate Vegan © Viva! Viva!, 8 York Court, Wilder Street, Bristol BS2 8QH www.viva.org.uk [email protected] T 0117 944 1000 1 Proud! Now be loud! Join Viva! and save animals. Your donation will help us to continue sending undercover teams into factory farms and slaughterhouses to expose the misery of factory farming.
    [Show full text]
  • Download Report
    1 Full Legal Disclaimer This research presentation expresses our research opinions. You should assume that as of the publication date of any presentation, report or letter, Spruce Point Capital Management LLC (“SPCM”) (possibly along with or through our members, partners, affiliates, employees, and/or consultants) along with our subscribers and clients has a short position in all stocks (and are long/short combinations of puts and calls on the stock) covered herein, including without limitation Oatly Group AB (“OTLY”) and therefore stand to realize significant gains in the event that the price declines. Following publication of any presentation, report or letter, we intend to continue transacting in the securities covered therein, and we may be long, short, or neutral at any time hereafter regardless of our initial recommendation. All expressions of opinion are subject to change without notice, and Spruce Point Capital Management does not undertake to update this report or any information contained herein. Spruce Point Capital Management, subscribers and/or consultants shall have no obligation to inform any investor or viewer of this report about their historical, current, and future trading activities. This research presentation expresses our research opinions, which we have based upon interpretation of certain facts and observations, all of which are based upon publicly available information, and all of which are set out in this research presentation. Any investment involves substantial risks, including complete loss of capital. There can be no assurance that any statement, information, projection, estimate, or assumption made reference to directly or indirectly in this presentation will be realized or accurate. Any forecasts, estimates, and examples are for illustrative purposes only and should not be taken as limitations of the minimum or maximum possible loss, gain, or outcome.
    [Show full text]