Tipsheet: Buffett Likes RH | Wawa Fire via Tesla | Payment Holidays
Tesla Supercharger catches fire at a Wawa store in New Jersey at CNBC. “In August 2019, Wawa announced plans to increase the number of stores that feature Tesla Supercharger stations from 16 to more than 30 locations by the end of 2020.” Read more
Amazon adds new ‘Amazon Pharmacy’ branding to PillPack at CNBC. “Another signal of PillPack’s growing importance: The company’s CEO TJ Parker got a promotion over the summer after impressing high-ups with his pharmacy knowledge, three people familiar with the move told CNBC.” Read more
Molson Coors Chases Young Adults—And Not Just With Beer by Jennifer Maloney at Wall Street Journal. “The brewer has bought a large stake in a nonalcoholic beverage incubator called L.A. Libations to expand Molson Coors’ portfolio with high-end, better-for-you drinks. Financial terms weren’t disclosed, but Molson Coors is taking a 49% stake, according to people familiar with the matter.” WSJ subs.
Socialist leader co-hosts demonstration protesting an Amazon executive’s fundraiser for Joe Biden by Monica Nickelsburg at GeekWire. Read more
TikTok tests social commerce at TechCrunch. “…it has started to allow some users to add links to e-commerce sites (or any other destination) to their profile biography as well as offer creators the ability to easily send their viewers to shopping websites.” Read more
RH shares surge after Berkshire Hathaway reveals new stake in furniture retailer at CNBC. “Berkshire’s new stake in RH is worth $206.3 million as of Sept. 30, making it the fourth biggest stakeholder in RH, according to FactSet.” Read more
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Sam’s Club has a new chief executive. Kathryn McLay, who was EVP of Walmart U.S. Neighborhood Markets by at Arkansas Democrat Gazette. Read more
FDA sends Dollar Tree warning letter for selling ‘potentially unsafe drugs’ from Chinese suppliers by Kelly Tyko at USA Today. “The FDA is asking Dollar Tree to “provide a detailed plan to ensure you do not receive or deliver adulterated drugs in interstate commerce” and a plan to audit suppliers.” Read more
Paying for the holidays in six easy payments. by Susan Tompor at Detroit Free Press via USA Today. “Silicon Valley start up Affirm — which is working with Walmart — has point-of-sale financing partnerships with a variety of retailers that sell online, including Shinola, Casper, Warby Parker, Delta Vacations, the RealReal, StockX, American Girl and Ring.” Read more
Coty and Kylie Jenner Announce Strategic Partnership “Under the terms of the agreement, Coty will acquire a 51% ownership in the partnership for $600M.” Press release
Mexican shoppers ‘not afraid’ to return to El Paso Walmart at Fox 5. “There is more violence in Mexico — in Juarez — right now than there is in El Paso. The violence here is minimal,” said Antonio Garcia, a Juarez resident who on Thursday brought his wife and children to shop at the Walmart near Cielo Vista Mall.” Read more
Picard drops in on Amazon HQ by Alan Boyle at GeekWire. “Jeff Bezos dropped in at the Seattle office where comedy writers come up with bon mots for Alexa … with Patrick Stewart, who plays Captain Jean-Luc Picard, at his side.” Read more/Pics
Tipsheet Extra
13-year-old girl sells bows at Target 5 years after starting own company
Au naturel trend a problem for cosmetics sector
FedEx CEO challenges NYT publisher to public debate after tax story
Jeff Bezos-backed vertical agriculture startup ‘hibernates’ plans for Seattle farm
How Joker’s gritty logo was created with wood type letterpress
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