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Mr Coffee brand makes deal with Green Mountain Coffee for single-cup system

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first_imgJarden Consumer Solutions, a wholly owned subsidiary of Jarden Corporation (NYSE: JAH), and Keurig, Incorporated, a wholly owned subsidiary of Green Mountain Coffee Roasters, Inc (NASDAQ: GMCR), today announced an agreement to expand the line of Mr. Coffee single-cup coffeemakers. This expanded offering will feature Keurig’s branded, patented single-cup brewing technology for use with the more than 200 varieties of gourmet coffees, teas and hot cocoa packaged in Keurig’ssingle-serve K-Cup portion packs. The Mr. Coffee single-cup coffeemakers will now include brewers that feature reservoirs to quickly brew multiple cups of coffee. This is an addition to the existing single-cup offering of Mr. Coffee coffeemakers featuring Keurig’s patented single-cup brewing technology.Jarden Consumer Solutions intends to commercialize this expanded offering of coffeemakers alongside its current brewers in the U.S. and Canada. Other terms and conditions of the development agreement were not disclosed.Alejandro Pena, Senior Vice President andGeneral Manager, Global Appliances, for JCS, stated, “We are very excited about the opportunity to broaden our relationship with Keurig. As the leader in at-home coffee brewing, the Mr. Coffee® brand is able to expand the Keurig® Single-Cup Brewing technology into additional brewers, making it available to more consumers. This agreement represents an additional important step in creating another solution for our many consumers while satisfying their needs and broadening the Mr. Coffee® portfolio of products.””The Mr. Coffee® brand is well known to consumers and we’re pleased that Jarden Consumer Solutions has opted to expand its current portfolio of Mr. Coffee® coffeemakers leveraging Keurig’s® Single-Cup Brewing technology,” saidJohn Whoriskey, Vice President,General Managerof Keurig’s At Home Division. “With help from great brands like Mr. Coffee, Keurig is changing the way North America brews.”Visit www.GreenMountainCoffee.com(link is external) and www.Keurig.com(link is external) for more information.About Jarden Consumer SolutionsJarden Consumer Solutions (JCS), a subsidiary of Jarden Corporation (NYSE:JAH), is a leading consumer products company that designs, manufactures and markets, nationally and internationally, a diverse portfolio of consumer products under world-class brands such as Bionaire®, Crock-Pot®, FoodSaver®, Health o meter®, Holmes®, Mr. Coffee®, Oster®, Patton®, Rival®, Seal-a-Meal®, skybarâ ¢, Sunbeam® and VillaWare®. JCS is headquartered in Boca Raton, Florida, and employs more than 10,000 people in 15 countries. More information about JCS can be found on the Web at www.jardencs.com(link is external).Headquartered in Rye, N.Y., Jarden Corporation ranks #379 on the Fortune 500 and has over 25,000 employees worldwide. For in-depth information about Jarden, please visit www.jarden.com(link is external).About Green Mountain Coffee Roasters, Inc. and KeurigKeurig, Incorporated is a wholly owned subsidiary of Green Mountain Coffee Roasters, Inc., (GMCR).As a leader in specialty coffee and coffee makers, GMCR (NASDAQ: GMCR), is recognized for its award-winning coffees, innovative Keurig® Single-Cup brewing technology, and socially responsible business practices. GMCR supports local and global communities by offsetting 100% of its direct greenhouse gas emissions, investing in sustainably-grown coffee, and donating at least five percent of its pre-tax profits to social and environmental projects.GMCR routinely posts information that may be of importance to investors in the Investor Relations section of its website, including news releases and its complete financial statements, as filed with the SEC. GMCR encourages investors to consult this section of its Website regularly for important information and news. Additionally, by subscribing to GMCR’s automatic e-mail news release delivery, individuals can receive news directly from GMCR as it is released.GMCR-C BOCA RATON, Fla. & WATERBURY, Vt.–(BUSINESS WIRE)–last_img read more

UK floats pay-ratio disclosure in corporate governance consultation

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first_imgThe UK government has launched a consultation on corporate governance in the country that includes the idea of intra-company pay ratios as one means of addressing concerns raised by institutional investors about excessive pay. The department for business, energy and industrial strategy (BEIS) unveiled the green paper today.It is designed to “stimulate a debate on a range of options for strengthening the UK’s corporate governance framework, including options for increasing shareholder influence over executive pay and strengthening the employee, customer and supplier voice at boardroom level”.One of the topics it is seeking feedback on is corporate governance in privately held businesses. The government said it did not have “preferred options at this stage”.The consultation comes two days before the PLSA is due to publish its AGM report.Luke Hildyard, stewardship and corporate governance policy lead at the association, said it would highlight “how our pension fund members feel about current levels of executive pay” and set out how satisfied pension funds were with respect to asset managers fulfilling their stewardship responsibilities.“Our members are concerned by the rising levels of executive pay and believe the justification for this increase is weak,” said Hildyard.“We are pleased the government’s green paper is expected to include proposals we have previously advocated, including the publication of intra-company pay ratios.”The UK’s Financial Reporting Council (FRC), responsible for the country’s corporate governance and stewardship codes, welcomed the government’s “wide-ranging” consultation.The government green paper comes after the BEIS select committee earlier this year carried out a corporate governance inquiry, with the FRC noting that it made recommendations as part of this, such as on developing the role of the remuneration committee.The FRC said it stood “ready to develop and implement these proposals to help support a strong economy and meet the needs of wider society”.Leon Kamhi, head of responsibility at Hermes Investment Management, said the measures proposed by the government “look set to strengthen investors’ hand on pay, and it is now incumbent on both companies and us as investors to respond to the challenge of excessive executive remuneration”.Publication of a CEO-to-median-employee pay ratio, he said, was “not a panacea” but would provide welcome increased transparency, “as it puts pressure on boards to explain the rationale behind the level of executive remuneration and disparities in pay across the organisation”.He noted that the government did not propose elected employees on boards, a measure Hermes IM would have liked to see.Employee representation on boards is a measure prime minister Theresa May called for in corporate governance comments in her early days in office, although she has since backed away from this.Frances O’Grady, general secretary at trade union TUC, said the government’s proposals were “disappointing” and would “not do enough to shake-up corporate Britain”.“This is not what Theresa May promised,” she said.“We need the voice of elected workers in the boardroom, rather than on advisory panels.”last_img read more