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BFD Expert Voices - Retail Deals

BFD Expert Voices

Bed Bath & Beyond secured $500 million in new debt financing as it shores up its balance sheet, and it's chosen not to sell its Buybuy Baby banner — yet. 

Why it matters: The financing provides much-needed liquidity, reassuring nervous vendors as BBBY stocks up for the all-important holiday season, Richard wrote on Wednesday.

1. Bed Bath & Beyond restructures

Bed Bath & Beyond storefront under construction

Remilk, a startup taking the cow out of dairy production, is ramping up production of its genetically engineered milk — which it claims is more nutritious, sustainable and cost-effective than its farm-raised rival, Kimberly wrote on Tuesday.

Why it matters: Alternative proteins — made from plants like soy, pea or mushrooms, or completely cultivated in a lab — have drawn VC dollars thanks to investors hungry to check the ESG box and preempt consumer trends that favor healthy and eco-conscious grub. 

2. Remilk sees alt-dairy products as CPG cash cow

Alani Nu Energy could be in the M&A spotlight as strategics' thirst for energy drinks remains unquenched. 

Why it matters: Mature beverage giants — from soda makers to brewers — need new products to drive growth, Richard wrote on Monday. 

3. Alani Nu last round for energy drinks

Lumirithmic is raising a $6 million seed round to make its hyperrealistic avatars accessible to the masses, CEO Gaurav Chawla told Kimberly on Thursday.

Why it matters: Retailers are increasingly adopting web3 applications to give shoppers a more accurate, tailored way to find the products that fit best, and to reduce returns. 

4. Lumirithmic raising $6M

Design of a digital face with dollar signs at inflection points

Reproduced from S&P Global; Chart: Axios Visuals

5. Charted: Consumer short sales from Thursday

☕ C-suite hire: Starbucks appointed former PepsiCo exec Laxman Narasimhan as its new CEO, replacing longtime leader and interim CEO Howard Schultz.

Situational awareness: Hello! George Moriarty, senior editor for Axios Pro Deals, here with a quick update on our Axios Pro Deals publishing schedule.

Beginning today, we will send a digest of each week's Pro newsletters every Friday. The digests will feature the biggest story from each day and give a link to that day's full newsletter.

This change comes in response to consistent reader feedback that you want a digest of deals each week, and you want more special projects and in-depth reporting.

These digests will bring you a roundup of the week's deals news in one place, and keep your eyes peeled for new projects from our amazing journalists. But when news breaks, as above, we'll be here. 

Comments? Questions? New ideas? Email or tweet at me!

Have a great long weekend! Richard and Kimberly will be back on Tuesday.

September 02, 2022

1. Bed Bath & Beyond restructures