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Venture capital arms at P&G, Mars, AB InBev and Kraft Heinz are continuing to review and fund startups, even as the pandemic rages on.
But major CPG companies take different approaches to investing in startups, with some looking to get in on the ground floor with founders who have little beyond an idea and others focusing on more mature businesses.
Here are what four heads of venture capital arms at major CPGs look for in companies before they write a check or partner up.
Wednesday s breakouts: A top performing REIT delivering double-digit returns and annual distribution hikes
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Pet Food Market Size Is Expected To Grow With The CAGR Of Approximately 4 1% To 2022
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The range will be available through wholesale from January 2021
Mars Petcare is to roll out three of its bestselling petcare lines in new price-marked packs for the convenience channel from January.
The lines are a Pedigree Pouches 12-pack (£3.75), Cesar Trays 8-pack and Sheba Pouches 12-pack (both £4.75).
The supplier said the launch came on the back of research that found 55% of pet owners failed to purchase petfood in convenience stores due to lack of choice.
It also said pet owners spent 26% more on groceries than those without pets, underlining their potential value for retailers.
“After a challenging year for many, we recognise that shopper habits and priorities have changed and we’re adapting our range and recommendations accordingly,” said Mars Petcare UK convenience channel director Alex Smith.