Posts Tagged New York City
According to PwC’s Q3 2012 report, retail and consumer M&A in New York were buoyed by spin-off businesses, private equity, cross-border activity, investment in retail and e-commerce growth during the third quarter.
During the period, 32 deals were made in the retail and consumer sectors. These were worth more than $50 million. Meanwhile, six “mega” deals also took place during the third quarter with a collective value of more than $13.9 billion. Last year, the same period had 60% less growth in the retail sector, with only four $4.3 billion mega deals.
PwC’s Leanna Sardiga said:
“Third quarter M&A activity advanced at a brisk pace with significant increases in total deal volume and value from a year ago. With improving consumer sentiment, retail and consumer companies continue to use acquisitions as a vehicle for growth and for adapting to new consumer trends. A strong interest among private equity investors for retail combined with international and e-commerce related acquisitions for R&C corporate buyers are expected to drive the positive outlook for the retail and consumer sector.”
She added, “Deal activity in the consumer space was partially driven by large CPG companies selling non-core operations and brands, and we expect the trend to continue over the next 12 months as CPG companies look to sell underperforming assets and reinvest in higher margin or growth products and markets. Private equity will continue to focus on the restaurant industry and be active in the subsector as they see opportunities to improve operating efficiencies during the economic downturn and position for growth.’’
New York City has long had the reputation of having close to the best quality tap water throughout the nation. But now, the issue of the purity of its water, is being questioned and used for a potential business opportunity. A store in the East Village is now selling New York City tap water. But Molecule is insisting that this is “not just any tap water,” since it streams through a filtering machine using UV rays, ozone treatments and reverse osmosis. Indeed, the processing treatment encompasses seven stages, in order to create the end result – “pure H20.”
And it’s not a cheap process either – the machine costs $25,000 – but Molecule co-owner Adam Ruhf insists that it’s worth it as he never has to be concerned about spoiled products or storage costs. As well, for those with a sensitive palate, they can really tell the difference in taste of the water.
Much Ado About Nothing?
At the end of the day though, is this just all a scam? Doesn’t the city of New York already boast really great quality water? And if that is the case, why on earth would someone want to pay $2.50 for a 16 ounce glass of something they can get from their taps at home? Especially since a spokesman for the New York City Department of Environmental Protection pointed out that the general consensus among public health experts is that the water in the city is “among the safest, highest quality in the world.” They know this through the 500,000+ tests that are conducted on an annual basis.
Still, Ruhf isn’t convinced. He believes that the water still contains chemicals and chlorine and thus there is a niche for Molecule. He says that the water is tastier, fluffy and finishes smoothly. As well, it is imbued with herbs, roots and even pH infusions.
NYC Tap Water: The Facts
If New York City had anything to hide about the quality of its water, then it probably wouldn’t be showcasing it through its Water-On-the-Go program. Organized by the New York City Department of Environmental Protection, the program is keeping New Yorkers hydrated through its portable fountains that are being installed at special events throughout the five boroughs.
Furthermore, it claims that the water supplies in NYC are practically lead-free. While there is a chance that lead can leach into water via old plumbing, sampling suggests that most of NYC taps produce water containing insignificant (if any) quantities of lead. For those who are overly-concerned however, they can call 311 for a free testing kit. Giardia and Cryptosporidium have been detected in some water samples, BUT there has not been any evidence that these have caused any kind of illness among New Yorkers. Further, all drinking water in the NYC area is chlorine-treated (killing harmful bacteria and viruses), fluoride and orthophosphate (ensuring the prevention of lead from being released into the plumbing). There has been an argument that the exposure to chlorine and its byproducts can be linked to an increased risk for certain types of cancer, but the risk is so small vis-à-vis those linked to non-chlorinated water.
The Mayor of New York City, Michael Bloomberg, is trying lots of funky tricks to attract new visitors to The Big Apple. His latest action was his invitation to The Muppets to become New York’s “Family Ambassadors.” Along with Kermit the Frog and Miss Piggy, it seems all The Muppets will be assisting Mayor Bloomberg in encouraging families to tour the city. Kermit plans to hang out in Central Park’s pond, but Miss Piggy will be enjoying a shopping soiree at Tiffany’s. As a team, The Muppets will be promoting some of the great attractions for families in New York, such as kid-friendly restaurants, recreational parks and more. According to statistics from NYC and Company, 15 million family visitors came to New York City in 2011, but there is always room for more.
New York City is definitely doing a lot to attract visitors. And clearly it’s working as Lady Gaga came to the tour the city recently too. But for the Mayor to kiss Miss Piggy, tongues started wagging. However, for Miss Piggy herself, it was all in a day’s work as part of the official New York City Ambassador group, promoting the benefits of the city for family travelers. And Bloomberg used the opportunity of announcing their new role in the city, to make jokes about The Muppets, including how other cities would become “green with envy” on hearing about Kermit’s new position in NYC. And then it was Kermit’s turn to respond and he pointed out that tadpoles have a great time vacationing in New York. Following that the event became a Muppets reunion.