Craft Beers Drafting New Brands

The already-crowded craft beer business is getting new competition from unlikely entrants. Kraft Heinz Co. licensed Lombard, IL-based Noon Whistle Brewery to produce a Mr.-IPA Nut beer under its Planters brand, while Beekman 1802, better known for its home goods, is readying a goat milk stout with Ommegang Brewery. And those follow Harpoon Brewery’s Dunkin Coffee Porter, which was released

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Redbubble Agrees to Buy TeePublic

Redbubble is buying competitor TeePublic for $41 million, strengthening its position in the U.S. The deal is expected close in early November. New York-based TeePublic and Redbubble will be run as separate operations for the time being; TeePublic CEO Josh Abramson remains with the company. COO Adam Schwartz will eventually replace Abramson and report to Redbubble CEO Barry Newstead. Abramson

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Mattel Aims to Expand Brand Portfolio

Mattel plans to expand its portfolio by reviving dormant brands and positioning itself as a “partner of choice” for entertainment properties, CEO Ynon Kreiz told analysts as the company released Q3 earnings. Kreiz, who replaced Margo Georgiadis as CEO in May, didn’t provide details, but conceded Mattel fell short in competing for licenses in recent years. Indeed Mattel suffered a

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Jakks Pacific Treading Carefully with New Distribution

While new distribution channels are springing up for toys in the wake of Toys R Us’ demise, Jakks Pacific is taking a cautious approach to make sure the changes take hold with consumers, CEO Stephen Berman said as the company released its Q3 results. Walmart, Target, Kohl’s, T.J. Maxx, GameStop, Barnes & Noble, Party City (Toy City), dollar stores and

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PBTeen Launches Sony PlayStation Furniture DTR Collection

PBTeen launches an inspired-by Sony PlayStation furniture as the chain builds out its DTR collections. The furniture is the first to be introduced under the PlayStation brand, which more typically is deployed with apparel and videogames accessories. The 19-store retailer is carrying the five-piece collection online and in stores ranging from storage racks ($69) and wall lights ($199) to a

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ABG Moves Into Furniture With Deal for Heritage Home Group

ABG Moves Into Furniture With Deal for Heritage Home GroupAuthentic Brands Group (ABG) is making its first move into furniture with a successful $38.5 million bid for Heritage Home Group. The sale is expected to close late this year. ABG will have a majority stake in a joint venture with Schottenstein Group that will own the Thomasville, Broyhill, Drexel, Drexel

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Hasbro, Adjusting to Reformulated Toy Retail Landscape, Shows 12% Q3 Revenue Drop

As it works to replace the retail business lost to the bankruptcy of Toys R Us – one of its major customers – Hasbro is being forced to adjust some of its fundamental shipping and distribution practices. The lack of Toys R Us this holiday season has put about $3.5 billion of revenue in play in the U.S., CEO Brian

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National Gallery Expanding Licensing in International Markets

The UK’s National Gallery is expanding licensing to international markets with plans for a café in South Korea and the hiring of agents in Japan and the U.S. Licensee Infiniss will open a 2,000-sq.-ft. café in a mall in Seoul, South Korea this month, stocking it with prints and signs promoting the National Gallery, says JELC’s Julie Williams, whose agency

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Online Fashion Retailer Asos Gearing for U.S. Launch

British online fashion retailer Asos is targeting the U.S. as a growth market, opening an 800,000-sq.-ft. warehouse in Atlanta, CEO Nicholas Beighton told analysts in releasing the company’s annual financial results. Asos, whose apparel mainly targets Gen Z consumers, expects to invest about £75 million ($97.8 million) over two years in the warehouse and employ 1,500 workers in building a hub

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National Geographic Readying Global Sustainable Products Licensing Program

National Geographic is launching a global licensing program built around sustainable materials, starting with British shoemaker/retailer Clarks’ adult and children’s DTR footwear collection in the spring, said National Geographic’s Helena Mansell-Stopher in the wake of the recent Brand Licensing Europe. Clarks will field 26 SKUs, including 16 from the children’s collection that will made from recycled plastic bottles.  The adult

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