Variety of the week
0.5%: The decline in U.S. wine gross sales quantity this 12 months projected by commerce publication Shanken Information Day by day, which might finish 27 years of annual beneficial properties.
Quote of the week
“Entrepreneurs shouldn’t be apprehensive. Entrepreneurs ought to really feel fantastic”—outgoing Procter & Gamble CEO David Taylor talking about incoming CEO Jon Moeller, assuring marketing industry types that they should not be concerned though Moeller would be the first P&G CEO by no means to be model supervisor on his approach up the ladder. Enjoyable reality: the model supervisor title was invented at P&G 90 years in the past.
On the transfer
Months after the departure of International Chief Advertising Officer Ivan Pollard, Basic Mills has given Doug Martin, who holds the title of disruptive development officer, the extra position of interim CMO. Martin started his profession within the attire retail trade, together with roles at manufacturers comparable to Salvatore Ferragamo and Hole Inc.’s Outdated Navy, then joined Basic Mills after enterprise college. He was beforehand president of its dairy working unit for 2 years.
As disruptive development officer, Martin’s group contains new enterprise creation capabilities and the corporate’s 301 Inc. enterprise arm. Basic Mills additionally confirmed that Brad Hiranaga, chief model officer for North America, is now not with the corporate.
Contributing: Jessica Wohl