Web Briefs

Web Briefs
Galanz Expanding Distribution In Canada

Galanz Canada, a division of Galanz Group, is introducing its line of multifunctional cooking appliances, including the SpeedWave and ToastWave, to the Canadian market.

Web Briefs
Amazon Invests In The Climate Pledge Fund

Amazon has invested in The Climate Pledge Fund to support the development of sustainable technologies and services that will enable Amazon and other companies to meet The Climate Pledge— a commitment to be net zero carbon by 2040.

Web Briefs
Big Lots Completes Sale/Leaseback Transaction

Big Lots has completed its previously announced sale and leaseback transactions with affiliates of Oak Street Real Estate Capital relating to its four company-owned distribution centers. Gross proceeds from the transactions were $725 million and net proceeds, after expenses and taxes, are expected to be approximately $550 million. 

Web Briefs
Instacart Gains New Funding To Expand Growth Plans

Instacart has raised $225 million as part of a new financing round led by DST Global and General Catalyst, with existing investor D1 Capital Partners participating. The investment comes as Instacart continues to experience a surge in customer demand for grocery delivery and pickup.

Web Briefs
Overstock Taps Nettles As Independent Director

The board of directors of Overstock has appointed William Nettles as a new independent director. Nettles is a co-founder and managing partner of Invictus Growth Partners, a private equity firm located in San Francisco that invests in and advises automation-enabled technology companies.

Web Briefs
Zavor Debuts Silicone Pressure Cooker Accessories

Zavor is bringing four new silicone accessories that are designed for pressure cookers to the market, including a steamer basket, cooking/egg rack, baking dish and an egg bites mold. This marks the first collection of silicone pressure cooker accessories for stovetop and electric pressure cookers and multi-cookers for the company.

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