Thomas Carvel founded Carvel Corporation (Carvel) in Hartsdale‚ New York on 1934 which is a permanent roadside location. Before this he uses his mobile ice cream trunk. Carvel established Carvel Asia Limited on 1994‚ to act as holding company for the ice cream maker’s operational investments in Asia‚ starting in Beijing. Teamed up with China’s Minister of Agriculture to create Beijing Carvel Food Company Limited (Beijing Carvel)‚ a joint venture equally owned by both parties. Beijing Carvel
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Key Points for Carvel Ice Cream Key Points 1. Dairy products are not very popular in China. Health concerns and a large lactose intolerant population are obstacles Wang must consider. 2. Carvel has a very limited ($20‚000) advertising budget for the year. Radio and television advertising are ruled out by the low budget. 3. Several segments of the Beijing population are potentially promising to Carvel. The three most attractive segments are (1) middle and upper class Chinese professionals‚ (2)
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Carvel Beijing Question 1: SWOT Strengths | Weaknesses | * quality/taste of product * experienced American manager‚ combined with Chinese manager who understood the market * unique offerings of ice cream cakes in different shapes/designs | * disconnected management‚ and problems with the joint venture with New Continent * lack of brand awareness in Beijing * very high operating expenses * perception of Carvel as a purely “American” brand | Opportunities | Threats |
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Carvel Beijing Partner Brief The primary benefit is that focus groups and taste-tests help us gauge our current markets and consumer preferences and perceptions. Whereas‚ this tracking study gives us a long-term tool to analyze any potential changes in these variables over a particular period of time. Notes * Steven Wang‚ manager of business development for Beijing-based Carvel Asia Limited was seeking to increase sales in the company’s flagship product category – ice cream cakes (main goal)
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NYSE : UL JANUARY 30‚ 2013 SKIN & HAIR CARE (DOVE‚ LUX) $ 39.65 Trefis Estimate $ 40.37 $114.3 B MKT CAP Market Price Unilever’s Skin Care & Hair Care Market Share 5 Global Hair Care Market Size 6 Global Skin Care Market Size 7 EBITDA Margin of Dove‚ Lux Skin & Hair Care 8 BECEL‚ BLUEBAND‚ KNORR‚ HELLMANN’S Unilever’s Market Share of Grocery 10 Global Market Size of Grocery 11 $112.3 B MKT CAP See the Full Analysis for Unilever Group on Trefis — CORPORATE SNAPSHOT — EBITDA
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The US Market of Ice Creams and Related Frozen Desserts Ice cream is a subcategory of the frozen dessert which has projected sales in 2010 of approx. $24 billion. Additionally‚ ice cream itself now captures 59.7% of this market‚ with total sales of $12.9 billion. There is currently a 3.7% growth rate based on current sales figures. This growth in sales is not due to a market which is consuming more ice cream‚ but rather is spending more on the ice cream that it consumes‚ that is the ice cream products
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Canadian ice cream market witnessed a steady growth between 2005 and 2009‚ the growth in this market is expected to accelerate marginally in the forthcoming five years. Generating total revenues of $2.1 billion in 2009 the market grew by 3.4% in value‚ the compound annual growth rate of the market in the period 2005-2009 was 3.3%. In Volume the market grew by 1.5% reaching a volume of 388.4 million liters. The growth rate for volume was same in the period of 2005 to 2009. As we can see the ice cream
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Carvel must go after the “little Emperor” market segment and drive its Marketing strategy There is scope to create a new demand driven by the kids and disrupting the existing confectionary market segment for ice creams and cake ice creams in specific. First we shall eliminate the other 2 segments and then derive the fact as to why the segment of our choice is a clear winner. The below mentioned 2 segments have several benefits‚ such as existing knowledge‚ higher purchasing power‚ open mind
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ICE CREAM IN AUSTRALIA 24 Dec 2014 HEADLINES Ice cream grows by 3% in value terms in 2014 and marginally slips in volume terms Two consecutive hot summers revives ice cream Frozen yoghurt records the fastest current value growth of 12% in 2014 Unit prices of ice cream rise from A$7.02/kg in 2013 up to A$7.29/kg in 2014 Unilever Australia Ltd retains its leadership with 31% value share in 2014 Ice cream is expected to continue its strong growth with a value CAGR of 2% at constant 2014 prices over
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SELECTA ICE CREAM I – EXECUTIVE SUMMARY Selecta’s humble beginnings can be traced to the Arce family’s ice cream parlor in Manila in 1948. Its ice cream was well-known for its creaminess‚ authentic flavours‚ and unique gold can packaging—qualities that remained throughout the years. In 1990‚ RFM Corporation bought Selecta from the Arce family to form Selecta Dairy Products‚ Inc. Known for its sharp entrepreneurship‚ RFM catapulted the rise of Selecta as a serious contender in the ice cream
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