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92 posts categorized "News from Euromonitor"

July 23, 2014

China Overtakes the US as the World's Largest Economy

China is set to overtake the US as the world's largest economy in 2014, with a significant impact on consumers and industries. Learn which industries will be the most affected and why by watching this video and downloading Euromonitor's latest whitepaper.

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July 20, 2014

Airbnb Introduces New Branding to Support New Direction

Michelle GrantAnalyst Insight by Michelle Grant - Travel and Tourism Manager

View Michelle Grant's profile on LinkedIn

On 16 June 2014, Airbnb announced new branding that includes a new logo as well as a redesigned website and upgraded mobile apps. The moves were a shift from focusing on the types of lodging available on the website (typically unique structures such as treehouses and castles) to a focus on the people within the Airbnb community. The rebranding aims to position Airbnb as a lifestyle brand to enable the company to broaden its product portfolio beyond lodging services.  Given the harsh reaction to the logo, though, it remains to be seen if the new branding will be enough support the company’s new direction.

"Belonging" is the Keyword

The company’s founders and first Airbnb guest revealed the new branding in an online presentation that featured many stories about Airbnb’s community, emphasising the company’s new core tenant of “belonging.”  “Belonging is based upon four key themes of people, places, love and Airbnb, which influenced the new symbol as part of the new company logo. The new symbol is called “Bélo” and is simple so that anyone can recreate it. It is also abstract enough to allow Airbnb to use it as it moves into offering other products and services. CEO Brian Chesky envisions that the symbol may become a “universal symbol of sharing” and be displayed by many different businesses, such as restaurants.

The company launched a tool called Create that people can use to personalise the logo.  People can put their personalised logos on merchandise, such as mugs, stamps and stickers, and purchase it through Airbnb’s partnership with Zazzle, an online company that enables customisation of products.  However, critics point out that the new logo resembles risque parts of the human anatomy and the logo is also similar to one for the company, Automation Anywhere, but both companies reached an agreement whereby Automation Anywhere will use a new logo.

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July 16, 2014

Global Luxury Jewellery and Timepices: Key Trends and Growth Prospects

Fflur Roberts, Head of Luxury Goods Research at Euromonitor, recently spoke at Jewellery & Watch London. Euromonitor and Jewllery and Watch are pleased to offer Fflur's presentation exclusively.

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July 15, 2014

Webinar Recording: The Global Economy in 2014: Mid-Year Economic Update

Mid-Year-Economic-Update-2014-Landing-Page-Banner

Gain an understanding of economic developments impacting industries and consumers around the world. The US economy faltered in the first quarter of 2014, the UK grew more than expected and major emerging markets showed mixed performances amidst elections, international tensions and global sporting events. 

In this webinar, you will learn:

  • What economic changes will impact industries and consumers globally
  • The biggest challenges facing policy makers 
  • What is threatening emerging market growth

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Majority Stake Purchase of Indesit by Whirlpool is a Win for Both Companies

Whirlpool’s agreement to purchase a majority stake in Indesit will push the company back into the number one global player in major consumer appliances above Haier. Indesit benefits from the purchase as Whirlpool will assist the company in moving into the premium segment, and Whirlpool in turn is gaining a foothold into countries such as Turkey and Russia.

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Euromonitor Celebrates Winning the Queen's Awards for Enterprise 2014

 

image from http://s3.amazonaws.com/hires.aviary.com/k/mr6i2hifk4wxt1dp/14071516/246f9e0e-d8cc-48ac-aac8-d292b5fdc298.png
Trevor Fenwick and Robert Senior receive the Queen's Awards for Enterprise

 

The Queen’s Awards for Enterprise is the UK’s most prestigious business award. Euromonitor received The Queen’s Awards for Enterprise: International Trade due to its substantial international sales growth of 155% over the past six years and its contribution to UK exports, with over 90% of the company’s turnover now coming from outside the UK.

Continue reading "Euromonitor Celebrates Winning the Queen's Awards for Enterprise 2014" »

July 11, 2014

Whirlpool Will Buy Majority Stake in Indesit

Cristina BausAnalyst Insight by Cristina Baus - Consumer Appliances Analyst

View Cristina Baus's profile on LinkedIn

In a recent turn of events in the Indesit M&A saga, Whirlpool has announced a binding agreement to buy a majority stake in the Italian company, which should be finalised by the end of 2014.

What’s in it for Whirlpool?

In Western Europe, Whirlpool outperformed Indesit over the 2008-2013 period but at the same time did not manage to post a particularly upbeat performance. In Eastern Europe, on the other hand, Indesit performed better than Whirlpool, helped by strong growth in Russia, Indesit’s main market in the region. Both companies heavily overlap in Europe, with Whirlpool commanding a stronger position in the Nordic markets and Indesit in the PIGS, but Indesit’s volume sales in the region are more than one and a half times greater than Whirlpool’s.

Whirlpool versus Indesit: Volume Sales Performance in Western Europe 2008-2013

Indesit 1

Source: Eurmonitor International

Continue reading "Whirlpool Will Buy Majority Stake in Indesit" »

July 10, 2014

Five Key Takeaways from Starbucks' M-Commerce Success

The Starbucks mobile payments app has provided one of the best case studies for how to drive consumer adoption of in-store purchases made via a mobile phone. For retailers or foodservice operators looking to replicate Starbucks’ success, there are several best practices to keep in mind before developing, implementing and launching a mobile payment app.

 Join Euromonitor in attending the Connect Mobile Innovation Summit in Chicago, IL from August 18-20th. Senior Consumer Finance Analyst Michelle Evans will be there with many others to learn more and talk about mobile payments in the foodservice industry.

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July 9, 2014

Major New Entrant to the Global Flavours Industry

Cathy BoyleAnalyst Insight by Cathy Boyle - Contributing Analyst

Since the Wild Flavors business was put up for sale earlier this year, there has been much speculation about its ultimate fate, with a series of companies suggested as potential suitors, including other flavour houses, more diversified ingredients businesses and private equity investors. All questions have now been answered with the news that the business has been snapped up by US ingredient and agricultural giant ADM for a sum of €2.3 billion (US$3 billion), the largest deal in the company’s 100-year plus history.

 

This is certainly a big change for an industry that has welcomed very few new faces over the past 10-20 years. Instead, the focus of the industry has been on market concentration, so much so that the top ten firms now account for 80% of global flavour sales. As a result, in the current environment, a bid from another of the top flavour houses would almost certainly have led to competition concerns but ADM’s entry to the market causes no such fuss from the regulators.

It will definitely generate more of a stir in the industry itself, however, as it brings an ingredients behemoth into direct competition with flavour and fragrance specialists such as Givaudan, Firmenich and IFF. Wild is already a strong competitor to these market leaders, generating annual flavour sales of over US$1 billion, and the backing of a company the size of ADM (which has annual revenues of almost US$90 billion) immediately enhances its position as a serious player. Much of Wild’s focus is on the beverage industry, where it is partner of choice for many formulators, and although the deal will have little major impact on its day-to-day operations, any investment from its new parent could help to boost its already strong reputation in flavour innovation.

Continue reading "Major New Entrant to the Global Flavours Industry" »

July 8, 2014

Predicting the Winner of the 2014 World Cup

Predicting the Winner of the World Cup Bracket 2014

Download as pdf

With some of the pre-tournament favourites out of the competition, this is turning into a very unpredictable and exciting World Cup. However, despite the long odds, Euromonitor International put their data analysis skills to the test by developing a model predicting the winner of the FIFA World Cup Trophy.

The approach had to be quick, simple and effective. Our Centre for Analytics, Modelling and Innovation team had only a week to develop it. They decided to use historic World Cup data as it is both readily available and not biased by the outcome of friendly or regional competitions.

When we looked at the model’s results against those of actual match results for the first two rounds, its accuracy rate was of 70% or two out of three games. The model did not predict Spain going out, but then again predicting the end of an era might be asking too much!

CAMI is a modelling-driven business intelligence resource combining Euromonitor’s industry knowledge with innovative methods in statistics, economics, data science and data visualisation.

Continue reading "Predicting the Winner of the 2014 World Cup" »

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Recent Posts

China Overtakes the US as the World's Largest Economy

Airbnb Introduces New Branding to Support New Direction

Global Luxury Jewellery and Timepices: Key Trends and Growth Prospects

Webinar Recording: The Global Economy in 2014: Mid-Year Economic Update

Majority Stake Purchase of Indesit by Whirlpool is a Win for Both Companies

Euromonitor Celebrates Winning the Queen's Awards for Enterprise 2014

Whirlpool Will Buy Majority Stake in Indesit

Five Key Takeaways from Starbucks' M-Commerce Success

Major New Entrant to the Global Flavours Industry

Predicting the Winner of the 2014 World Cup