Dani Diamond

WHY RETAILERS ARE THE WELTHIES PEOPLE IN THE WORLD? … 2.8 trillion USD turnover with contribution in high marginal part of ~24% or 662 billion of Private Label Manufacturing (write your insight for founders in comments) … Let’s brake it down below 👇 1. Walmart Turnover $572.8B CEO Doug McMillon High margins from private labels (~25% of sales). #GreatValue #Equate #Mainstays 2. Amazon Turnover $469.8B CEO Andy Jassy AWS contributes ~60% of operating income; private labels boost profits. #AmazonBasics #Solimo 3. Costco Wholesale Turnover $226.9B CEO W. Craig Jelinek. 70% of profit from membership fees; Kirkland drives sales. #KirklandSignature 4. Schwarz Group Turnover $140B CEO Gerd Chrzanowski. Lidl's private labels are 80% of products, increasing margins. #Lidl #Kaufland #Deluxe 5. Kroger Turnover $137.9B CEO Rodney McMullen Private brands account for 30% of sales. #SimpleTruth #PrivateSelection 6. Walgreens Boots Alliance Turnover $132.5B CEO Rosalind Brewer . Own brands enhance margins significantly. #Nice #Boots #No7 7. Alibaba Group Turnover $109.5B CEO Daniel Zhang. Cloud revenue up 50%; private labels growing. #TmallCollection 8. The Home Depot Turnover $151.2B CEO Ted Decker Private brands like Husky boost margins. #Husky #GlacierBay 9. ALDI USA Turnover $106.3B CEO Jason Hart (Aldi US). 90% of products are private label, enhancing profits. #AldiBrand 10. Tesco Turnover $74.7B CEO Ken Murphy. Own brands make up 50% of sales volume. #TescoFinest #FandF 11. Carrefour Turnover $80.7B CEO Alexandre Bompard Private labels represent 25% of sales. #CarrefourBio #RefletsdeFrance 12. JD.COM Turnover $114.3B CEO Lei Xu (徐雷) Logistics and private labels increase margins. #JingZao 13. Target Turnover $106B CEO Brian Cornell. 33% of sales from exclusive brands. #UpandUp #CatandJack 14. CVS Health Turnover $292.1B CEO Karen S. Lynch Own brands and health services boost profits. #CVSHealth #GoldEmblem 15. Aeon Turnover $83B CEO Akio Yoshida. Private brands contribute 15% to sales. #Topvalu #HomeCoordy

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Big news in grocery retail M&A: Albertsons Companies has officially called off its USD 25 billion merger with Kroger, more than two years after announcing the deal. The decision follows rulings from state and federal judges blocking the transaction on antitrust grounds. In response, Albertsons has reaffirmed its standalone strategy and - for good order - filed a lawsuit against Kroger alleging the company failed to use "best efforts" and take "all actions necessary" to get the deal over the antitrust line. It's not uncommon for parties to get litigious when deals fall apart, but Albertsons (and its shareholder Cerberus Capital) seems pretty peeved about this one, having spent "hundreds of millions of dollars" 😨 seeking approval for the merger. A key nuance lies in the merger agreement's language: all the antitrust-related performance obligations in the agreement are based on a "reasonable best efforts" standard *except* for the clause relating specifically to Kroger’s obligations, which are held to the stronger "best efforts" standard—a small but significant distinction. It's unlikely this situation will be resolved anytime soon, but it will be interesting to see how it develops.

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I recently saw this metric from Carta’s 1Q24 VC Fund Report, which is very concerning. DPI... is nowhere to be found in earlier vintages that probably should start showing DPI. Funding early-stage projects is great, but ultimately, these venture dollars need to exit their investments and pay back their limited partners. That’s where the metric Distributed to Paid-In Capital (DPI) comes in. While managing a fund, we get interim measures during the life of the fund (e.g. IRR, MOIC), but ultimately, “you can’t eat IRR.” If you want to build a lasting venture capital organization, you need to start showing DPI for your fund. Keep in mind that this is traditional VC data from Carta, and is not strictly crypto venture. Crypto venture tends to get liquidity earlier (tokens) and things tend to go parabolic sooner (faster, more unicorns) - but I’d wager that the data here is somewhat similar for Crypto VCs… Not as much DPI as there should be from these earlier vintages. Read the full article, as well as a recap of all the crypto fundraising rounds for August, here: https://lnkd.in/g3eVJ-iF

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Please don't waste food. AMPLE update : Juniper Ventures Signs up to AMPLE Marketplace AMPLE : B2B Marketplace for Fresh Food. Impact Investment. See https://buff.ly/3W32D7p Steve Thomas - CEO/Co-Founder of AMPLE provides an update on a most recent business partnership: "...Juniper Ventures, which supplies over 23,000 meals daily to students in the London Borough of Newham, has become a keen buyer on the Ample Marketplace. Incorporated in April 2018 from the council’s catering and cleaning service, Juniper aims to operate with the social aspects of the local authority but with the business acumen and autonomy of the limited company that it is. Michael Hales, chief executive of Juniper Ventures and vice-chair-elect of LACA, said: “It is shocking that in the UK we waste 13m tonnes of food every year. As a hospitality business we are determined to do all we are able to help reduce this figure....".   Read the full update. https://buff.ly/3WnGEar REMINDER Ample Marketplace is a new B2B channel for unsold fresh food integrating e-commerce, logistics, and digital marketing. Ample is the UK’s first smart marketplace for wholesale food (with expansion plans for the US, EMEA and APAC). Ample creates value by shortening the supply chain, giving more control to sellers and value for buyers.  AMPLE is a portfolio company of XSS Capital. Join us on this investment journey? DM me for more info. #e-commerce #logistics #Impact Investing Join our mailing list at buff.ly/4cd2OCo

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Please don't waste food. AMPLE update : Juniper Ventures Signs up to AMPLE Marketplace AMPLE : B2B Marketplace for Fresh Food. Impact Investment. See https://buff.ly/3W32D7p Steve Thomas - CEO/Co-Founder of AMPLE provides an update on a most recent business partnership: "...Juniper Ventures, which supplies over 23,000 meals daily to students in the London Borough of Newham, has become a keen buyer on the Ample Marketplace. Incorporated in April 2018 from the council’s catering and cleaning service, Juniper aims to operate with the social aspects of the local authority but with the business acumen and autonomy of the limited company that it is. Michael Hales, chief executive of Juniper Ventures and vice-chair-elect of LACA, said: “It is shocking that in the UK we waste 13m tonnes of food every year. As a hospitality business we are determined to do all we are able to help reduce this figure....".   Read the full update. https://buff.ly/3WnGEar REMINDER Ample Marketplace is a new B2B channel for unsold fresh food integrating e-commerce, logistics, and digital marketing. Ample is the UK’s first smart marketplace for wholesale food (with expansion plans for the US, EMEA and APAC). Ample creates value by shortening the supply chain, giving more control to sellers and value for buyers.  AMPLE is a portfolio company of XSS Capital. Join us on this investment journey? DM me for more info. #e-commerce #logistics #Impact Investing Join our mailing list at buff.ly/4cd2OCo

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Please don't waste food. AMPLE update : Juniper Ventures Signs up to AMPLE Marketplace AMPLE : B2B Marketplace for Fresh Food. Impact Investment. See https://buff.ly/3W32D7p Steve Thomas - CEO/Co-Founder of AMPLE provides an update on a most recent business partnership: "...Juniper Ventures, which supplies over 23,000 meals daily to students in the London Borough of Newham, has become a keen buyer on the Ample Marketplace. Incorporated in April 2018 from the council’s catering and cleaning service, Juniper aims to operate with the social aspects of the local authority but with the business acumen and autonomy of the limited company that it is. Michael Hales, chief executive of Juniper Ventures and vice-chair-elect of LACA, said: “It is shocking that in the UK we waste 13m tonnes of food every year. As a hospitality business we are determined to do all we are able to help reduce this figure....".   Read the full update. https://buff.ly/3WnGEar REMINDER Ample Marketplace is a new B2B channel for unsold fresh food integrating e-commerce, logistics, and digital marketing. Ample is the UK’s first smart marketplace for wholesale food (with expansion plans for the US, EMEA and APAC). Ample creates value by shortening the supply chain, giving more control to sellers and value for buyers.  AMPLE is a portfolio company of XSS Capital. Join us on this investment journey? DM me for more info. #e-commerce #logistics #Impact Investing Join our mailing list at buff.ly/4cd2OCo

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Please don't waste food. AMPLE update : Juniper Ventures Signs up to AMPLE Marketplace AMPLE : B2B Marketplace for Fresh Food. Impact Investment. See https://buff.ly/3W32D7p Steve Thomas - CEO/Co-Founder of AMPLE provides an update on a most recent business partnership: "...Juniper Ventures, which supplies over 23,000 meals daily to students in the London Borough of Newham, has become a keen buyer on the Ample Marketplace. Incorporated in April 2018 from the council’s catering and cleaning service, Juniper aims to operate with the social aspects of the local authority but with the business acumen and autonomy of the limited company that it is. Michael Hales, chief executive of Juniper Ventures and vice-chair-elect of LACA, said: “It is shocking that in the UK we waste 13m tonnes of food every year. As a hospitality business we are determined to do all we are able to help reduce this figure....".   Read the full update. https://buff.ly/3WnGEar REMINDER Ample Marketplace is a new B2B channel for unsold fresh food integrating e-commerce, logistics, and digital marketing. Ample is the UK’s first smart marketplace for wholesale food (with expansion plans for the US, EMEA and APAC). Ample creates value by shortening the supply chain, giving more control to sellers and value for buyers.  AMPLE is a portfolio company of XSS Capital. Join us on this investment journey? DM me for more info. #e-commerce #logistics #Impact Investing Join our mailing list at buff.ly/4cd2OCo

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Please don't waste food. AMPLE update : Juniper Ventures Signs up to AMPLE Marketplace AMPLE : B2B Marketplace for Fresh Food. Impact Investment. See https://buff.ly/3W32D7p Steve Thomas - CEO/Co-Founder of AMPLE provides an update on a most recent business partnership: "...Juniper Ventures, which supplies over 23,000 meals daily to students in the London Borough of Newham, has become a keen buyer on the Ample Marketplace. Incorporated in April 2018 from the council’s catering and cleaning service, Juniper aims to operate with the social aspects of the local authority but with the business acumen and autonomy of the limited company that it is. Michael Hales, chief executive of Juniper Ventures and vice-chair-elect of LACA, said: “It is shocking that in the UK we waste 13m tonnes of food every year. As a hospitality business we are determined to do all we are able to help reduce this figure....".   Read the full update. https://buff.ly/3WnGEar REMINDER Ample Marketplace is a new B2B channel for unsold fresh food integrating e-commerce, logistics, and digital marketing. Ample is the UK’s first smart marketplace for wholesale food (with expansion plans for the US, EMEA and APAC). Ample creates value by shortening the supply chain, giving more control to sellers and value for buyers.  AMPLE is a portfolio company of XSS Capital. Join us on this investment journey? DM me for more info. #e-commerce #logistics #Impact Investing Join our mailing list at buff.ly/4cd2OCo

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Please don't waste food. AMPLE update : Juniper Ventures Signs up to AMPLE Marketplace AMPLE : B2B Marketplace for Fresh Food. Impact Investment. See https://buff.ly/3W32D7p Steve Thomas - CEO/Co-Founder of AMPLE provides an update on a most recent business partnership: "...Juniper Ventures, which supplies over 23,000 meals daily to students in the London Borough of Newham, has become a keen buyer on the Ample Marketplace. Incorporated in April 2018 from the council’s catering and cleaning service, Juniper aims to operate with the social aspects of the local authority but with the business acumen and autonomy of the limited company that it is. Michael Hales, chief executive of Juniper Ventures and vice-chair-elect of LACA, said: “It is shocking that in the UK we waste 13m tonnes of food every year. As a hospitality business we are determined to do all we are able to help reduce this figure....".   Read the full update. https://buff.ly/3WnGEar REMINDER Ample Marketplace is a new B2B channel for unsold fresh food integrating e-commerce, logistics, and digital marketing. Ample is the UK’s first smart marketplace for wholesale food (with expansion plans for the US, EMEA and APAC). Ample creates value by shortening the supply chain, giving more control to sellers and value for buyers.  AMPLE is a portfolio company of XSS Capital. Join us on this investment journey? DM me for more info. #e-commerce #logistics #Impact Investing Join our mailing list at buff.ly/4cd2OCo

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Please don't waste food. AMPLE update : Juniper Ventures Signs up to AMPLE Marketplace AMPLE : B2B Marketplace for Fresh Food. Impact Investment. See https://buff.ly/3W32D7p Steve Thomas - CEO/Co-Founder of AMPLE provides an update on a most recent business partnership: "...Juniper Ventures, which supplies over 23,000 meals daily to students in the London Borough of Newham, has become a keen buyer on the Ample Marketplace. Incorporated in April 2018 from the council’s catering and cleaning service, Juniper aims to operate with the social aspects of the local authority but with the business acumen and autonomy of the limited company that it is. Michael Hales, chief executive of Juniper Ventures and vice-chair-elect of LACA, said: “It is shocking that in the UK we waste 13m tonnes of food every year. As a hospitality business we are determined to do all we are able to help reduce this figure....".   Read the full update. https://buff.ly/3WnGEar REMINDER Ample Marketplace is a new B2B channel for unsold fresh food integrating e-commerce, logistics, and digital marketing. Ample is the UK’s first smart marketplace for wholesale food (with expansion plans for the US, EMEA and APAC). Ample creates value by shortening the supply chain, giving more control to sellers and value for buyers.  AMPLE is a portfolio company of XSS Capital. Join us on this investment journey? DM me for more info. #e-commerce #logistics #Impact Investing Join our mailing list at buff.ly/4cd2OCo

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Please don't waste food. AMPLE update : Juniper Ventures Signs up to AMPLE Marketplace AMPLE : B2B Marketplace for Fresh Food. Impact Investment. See https://buff.ly/3W32D7p Steve Thomas - CEO/Co-Founder of AMPLE provides an update on a most recent business partnership: "...Juniper Ventures, which supplies over 23,000 meals daily to students in the London Borough of Newham, has become a keen buyer on the Ample Marketplace. Incorporated in April 2018 from the council’s catering and cleaning service, Juniper aims to operate with the social aspects of the local authority but with the business acumen and autonomy of the limited company that it is. Michael Hales, chief executive of Juniper Ventures and vice-chair-elect of LACA, said: “It is shocking that in the UK we waste 13m tonnes of food every year. As a hospitality business we are determined to do all we are able to help reduce this figure....".   Read the full update. https://buff.ly/3WnGEar REMINDER Ample Marketplace is a new B2B channel for unsold fresh food integrating e-commerce, logistics, and digital marketing. Ample is the UK’s first smart marketplace for wholesale food (with expansion plans for the US, EMEA and APAC). Ample creates value by shortening the supply chain, giving more control to sellers and value for buyers.  AMPLE is a portfolio company of XSS Capital. Join us on this investment journey? DM me for more info. #e-commerce #logistics #Impact Investing Join our mailing list at buff.ly/4cd2OCo

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Please don't waste food. AMPLE update : Juniper Ventures Signs up to AMPLE Marketplace AMPLE : B2B Marketplace for Fresh Food. Impact Investment. See https://buff.ly/3W32D7p Steve Thomas - CEO/Co-Founder of AMPLE provides an update on a most recent business partnership: "...Juniper Ventures, which supplies over 23,000 meals daily to students in the London Borough of Newham, has become a keen buyer on the Ample Marketplace. Incorporated in April 2018 from the council’s catering and cleaning service, Juniper aims to operate with the social aspects of the local authority but with the business acumen and autonomy of the limited company that it is. Michael Hales, chief executive of Juniper Ventures and vice-chair-elect of LACA, said: “It is shocking that in the UK we waste 13m tonnes of food every year. As a hospitality business we are determined to do all we are able to help reduce this figure....".   Read the full update. https://buff.ly/3WnGEar REMINDER Ample Marketplace is a new B2B channel for unsold fresh food integrating e-commerce, logistics, and digital marketing. Ample is the UK’s first smart marketplace for wholesale food (with expansion plans for the US, EMEA and APAC). Ample creates value by shortening the supply chain, giving more control to sellers and value for buyers.  AMPLE is a portfolio company of XSS Capital. Join us on this investment journey? DM me for more info. #e-commerce #logistics #Impact Investing Join our mailing list at buff.ly/4cd2OCo