On PR Newswire: Pepsi Apologizes, Panera Bread Sold, Jenna Lyons Exits J. Crew
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire for Journalists. Here are some of this week’s most newsworthy releases you might have missed.
On April 5, PepsiCo issued a statement following the release of their Pepsi Moments ad: “Pepsi was trying to project a global message of unity, peace and understanding. Clearly we missed the mark, and we apologize.” Click the link above to read the full statement online.
Panera Bread Co. and JAB announced on April 5 that the companies have entered a definitive merger agreement under which JAB will acquire Panera for $315 per share in cash, in a transaction valued at approximately $7.5 billion, including the assumption of approximately $340 million of net debt.
J.Crew Group Inc. announced on April 3 that Jenna Lyons, president and executive creative director, will be leaving the company. Lyons will remain with J.Crew as a creative advisor until the end of her current contract, which expires in December. Lyons has been with J.Crew for 26 years and has served as president and executive creative director since 2012.
On the evening of April 4 in Hong Kong, Sotheby’s set a new world auction record for any diamond or jewel when The Pink Star, a 59.60-carat oval fancy vivid pink and internally flawless diamond, sold for $71.2 million. The buyer was Hong Kong jeweler Chow Tai Fook, with the winning telephone bid placed by their chairman, Dr. Henry Cheng Kar-Shun, who has renamed the stone The CTF Pink Star.
On March 31, during its celebration of National Crayon Day, Crayola announced that to make room for a new, exciting member of the blue color family, its treasured color Dandelion will be retiring after years of delighting children and fans around the world. Crayola’s celebration of color and creativity took place in the heart of Times Square, in a colorfully immersive plaza, complete with a larger than life 25-foot tall crayon box, giant coloring mural, and interactive creative activities for kids of all ages.
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Larry Grady is online content manager at PR Newswire for Journalists. He has worked in business media for nearly 30 years and enjoys reality TV and daydreaming about travel and wine.