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New England Confectionery Co. Sells For $18.8M At Auction

PYMNTS

Ohio-based Spangler Candy Company won the auction with a bid of just under $19 million, The Boston Globe reported. “We The candies are made in a suburb of Boston, where the company has a little more than 200 employees. Necco had moved its operations to a large 50-acre site after leaving its longtime plant just outside Boston in 2003.

Boston 100
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Merchants Gone Wild: The Surcharge Edition

PYMNTS

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. This newfound friction is the result of the City of Boston passing a bill that bans plastic bags and gives merchants the right to charge for ones made of paper. Surcharging has been permitted Down Under since 2003.

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Meet The Location Data Company That, Literally, Put The Blue Dot On The Map

PYMNTS

Skyhook , a Boston-based first-party location network “alive” with billions of real-time data signals across the globe, literally invented much of the location-tracking technology used today. In other words, it’s a lot of that uber-valuable type of data.

Data 100
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The Top 20 Venture Capitalists

CB Insights

He received his MBA in 1993 from UT Austin before joining Credit Suisse First Boston as an Equity Research Analyst, where he focused on computer hardware and software. He later joined Kleiner Perkins Caufield Byers as a partner for a period between 1999 and 2003. PROFILES OF THE TOP 20 VENTURE CAPITAL PARTNERS. BILL GURLEY.

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Surviving The Retail Apocalypse: The Technologies And Trends That Can Help Brick-And-Mortar Thrive Again

CB Insights

E-commerce sales growth is pulling ahead of total retail sales ( 17% vs. 6% for year-over-year in Q4’17), and Amazon is controlling upwards of 40% of online sales in the US, according to the US Department of Commerce and Slice Intelligence, respectively. ” — Alistair Davidson, CFO, Ikea. Its membership fee revenue grew 12.6%

Retail 59
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Killing Strategy: The Disruption Of Management Consulting

CB Insights

Before Bruce Doolin Henderson opened the doors of Boston Consulting Group on July 1, 1963, the concept of “competition” barely existed in American business culture, let alone the concept of strategy. Bain (whose partners actually coined the phrase “$1M framework”) would create its own “insight product” in 2003 with the Net Promoter Score.