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Pet Circle secures $75 million to fund expansion

Inside Retail

“Under the leadership of [co-founder] Mike Frizell, they’ve emerged as a major player in a category that continues to see strong tailwinds globally.” The $75 million investment will also allow the firm to maintain its unicorn value, which it acquired in its Series C round in December 2021.

Expansion 241
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It’s time to level up: What’s next for sustainability?

Inside Retail

In KPMG’s 2021 Global CEO Outlook , ESG and corporate purpose were the top two issues among the 1,300 CEOs surveyed across 12 countries, including 50 from Australia. Purpose, reputation, and integrity are playing an even larger role in consumer purchasing decisions. Need to review goals and priorities. Need to operationalise ESG.

Consumer 130
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2021 Recall Roundup Recap

Hunton Andrews Kurth

The Recall Roundup is a monthly survey of regulatory activity affecting the manufacture, distribution, and sale of consumer products. In lieu of the usual monthly recap, this post summarizes key events from 2021. Nothing herein constitutes legal advice. CPSA Enforcement Highlights. Criminal Charges for Violation of the CPSA.

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Alibaba looks abroad as China growth slows

Inside Retail

Lazada generated $21 billion in GMV from September 2020 to the same month in 2021, the presentation showed. There was also a nod to social welfare, with four of seven investment categories outlined by Xu related to initiatives such as rural revitalisation and China’s ageing population. per cent to between 20 and 23 per cent.

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What the Dollar General scandal reveals about workplace safety in retail

Inside Retail

In Australia, the Reject Shop and Dusk were fined A$240,000 by the Australian Competition and Consumer Affairs Commission (ACCC) for selling potentially lethal button batteries. million in 2021 for selling more than 400 unsafe basketball rings and backboards and over 300 portable pools. French sporting chain Decathlon was fined A$1.5

Expansion 130
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One to watch: APAC goes all in on social commerce

Inside Retail

In 2021, it was projected to generate $363 billion in sales, up 36 per cent, year on year, accounting for 13 per cent of total e-commerce sales. According to the PayPal Australia 2021 e-commerce Annual Index, a quarter of Australians made a purchase through a social media platform last year.

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EPA May Require Companies To Know All The Chemicals In Products They Make Or Sell

Hunton Andrews Kurth

EPA has traditionally declined to extend most of its chemical regulations to finished goods, which are known as “articles” under the Toxic Substances Control Act (TSCA), on the grounds it would be enormously difficult for importers of complex consumer products to determine the chemical identity of each chemical substance in these products.