Corporate Governance

Half Dollar Tree, half Family Dollar, the combination store concept is growing under Dollar Tree as it looks to open 600 stores in 2021.

Imported from Italy and created exclusively for 7-Eleven, the chain has introduced Serafina, a mineral water brand that joins its recent Icelandic water Skýra.

The online delivery service raised $265 million, increasing its valuation to $39 billion.

Jana Partners recently asked the company to sell, and with the appointments, the two organizations entered into a cooperation agreement.

Opening with the new brand Nestwell this month, six new private brands will launch over the next six months and 10 over the next two years.

The company, which offers expertise and services from hemp genetics to custom product formulations and white and private labeling, has tapped Matt Storey to lead its sales and business development.

Four private brands from the retailer are earning more than $2 billion in sales, Target said during its financial community meeting and fourth-quarter report, also highlighting annual sales up nearly 20% and Q4 same-store sales up 20.5%.

The company name change reflects its wider business model in the home and personal care space.