Morton Salt revamped its packaging for the first time since 2014 to make its products such as pool salt, water-softener pellets and ice melt more recognizable outside of the condiment aisle. The new packaging design includes transparent windows that allow customers to see inside the containers, a slightly altered sans-serif typeface and minor variations to the proportions of the Morton Salt Girl depending on the product. (Adweek)
At least 18 major brands that have filed for Chapter 11 bankruptcy protection since the start of the pandemic — including Hertz Global Corp., J.C. Penney Co. and Neiman Marcus Group Inc. — gave executives six- and seven-figure payouts before asking bankruptcy courts for help, according to regulatory filings and court documents. The bonuses, which range from $600,000 to $25 million, collectively add up to $135 million, while those same companies laid off tens of thousands of workers predominantly making under $29,000 a year. (The Washington Post)
JM Smucker Co. is selling its Crisco shortening business to B&G Foods Inc. as part of a $550 million cash deal that includes manufacturing facilities and warehouses in Cincinnati. JM Smucker Chief Executive Mark Smucker called the Crisco brand “iconic,” but said it isn’t part of the company’s strategic priorities of pet food, coffee and snacks. (Bloomberg)
On Monday, Nye—who gives a nostalgic kick to 90s kids who grew up watching him in classrooms across America—took to TikTok to share a video in which he encounters himself at a Chipotle and orders his favorite meal.
The RealReal opened its fourth physical store in Chicago on Friday, marking its first foray into the Midwest and a larger strategic push to capture more of the fast-growing luxury resale market beyond the coasts.