News Briefs

Qvest is continuing its partnering with NVIDIA to progress on its AI efforts. 

The two are now working together to create advanced AI-driven technology and capabilities that can help increase media companies’ productivity and optimize operations. This includes a generative AI solution that can streamline content management and creation within existing media workflows. 

Capabilities will include automated metadata tagging for audio, text, and vision formats to reduce manual efforts, cutting down on time and costs. Additionally, it will include accelerated content search within the video assets library and content generation for headlines, scripts, and narratives to expedite time to market. 

Also: Learn why Gartner says multimodal intelligence is the future of GenAI

The tech will run on the NVIDIA GenAI microservices platform, which supports computer vision, content generation, audio transcription, and more. Users will be able to host models on the cloud or locally to bolster data security and optimize performance. 

The companies plan to integrate NVIDIA’s Holoscan for Media technology for real-time streaming ingestion and content discovery. 

Unilever is picking up sticks and moving to Hoboken, NJ. 

The CPG, which currently calls Englewood Cliffs, NJ, its North America home, will move into the new digs in spring 2025. It signed a three-year lease for a 111,000-square-foot, three-floor office. 

The company decided to relocate in order to tap into the labor pool of the New York City and metro area while retaining their current employees in Bergen County, according to a statement from Alexander Erdos, SVP, leasing and development at SJP Properties, Unilever’s new landlord. 

Other companies on the property include Newell Brands, Lipton, and Walmart.

• See also: Learn how Unilever is using AI to improve ice cream out-of-stocks

Salesforce CRM partner CloudGaia is accelerating growth in the Americas and Europe, and a new investment from Salesforce Ventures is expected to give it a boost. 

Founded in 2016, CloudGaia leverages agile methodologies to help consumer goods companies maximize their use of Salesforce platforms. Customers include Coca Cola Euro Pacific Partners. 

Salesforce Ventures invests in start-up and early-stage enterprise software companies. CloudGaia CEO Nicolas Orzabal said the funds will enable them to expand their impact. 

“With this investment, CloudGaia is set to expand its presence across the Americas and Europe, growing its team, enhancing service offerings, and deepening relationships with existing and new clients,” he noted in a statement. 

Global apparel company Lolë Brands is expanding its portfolio, acquiring footwear brand Sanuk, which was previously owned by Deckers Brands. Sanuk, which was founded in 1997, will undergo reinvestment in its consumer-centric products and marketing under Lolë Brands’ ownership. 

• Read more: Mars recently announced it would be acquiring Kellanova in one of the industry’s largest food product deals. 

At the helm is Katie Pruitt, a 20-year industry veteran who was hired to lead the brand as VP, general manager. Her focus will be on direct-to-consumer and wholesale customers. 

Operations for Sanuk will move to Los Angeles, California. This is Lolë’s second acquisition over the last year as the company looks to grow its portfolio of environmentally conscious consumer brands.

Conagra Brands continues its portfolio optimization strategy, growing its snacking category with the acquisition of Sweetwood Smoke & Co. The company manufactures Fatty Smoked Meat Sticks, a snacking product made of pork and beef smoked with hickory wood. 

The acquisition is the next step in reshaping Conagra’s portfolio for faster growth, according to Conagra president and CEO Sean Connolly.

• Also read: Learn how Conagra is using AI and intelligent automation to elevate operations.
   

"Adding a premium brand such as Fatty to our growing, better-for-you snack portfolio is consistent with our strategic focus on the snacking and frozen categories," he added.

During the last investors call, Connolly said frozen and snacks are the two most critical businesses in the company’s portfolio. They held or grew market share in 80% of the combined business, according to Q4 2024 earnings reports. 

Retail data and technology company Trax Retail has promoted Brittany Billings to chief marketing officer. 

In the role, Billings will oversee the company’s global marketing efforts for both B2B and B2C segments, developing strategies that tap proprietary data and technologies like AI, computer vision, and AI. She will also manage product marketing, corporate communications, and Trax’s in-house creative team. 

She has held several senior leadership roles in marketing, media, PR, and partnerships over the last 15 years. Most recently, she was EVP of global marketing at Trax, where she helped lead streamlined marketing operations across the company’s global footprint. 

• Also read: Campbell’s recently named Jill Pratt as VP, CMO of its Meals & Beverages Business
   

During her tenure with Trax, she has helped lead marketing for the companies’ shopping rewards app Shopkick, focusing on integrated marketing, customer acquisition and retention, social media, demand generation, partnerships, and more. 

"Brittany has been instrumental in Trax's overall growth and transformation, developing innovative strategies and customer experiences to engage consumers and drive incremental value for our global CPG and retailer partners," said Gary S. Laben, CEO of Trax, in a statement. "Her expertise and proven track record make her the ideal leader to enhance Trax's global marketing efforts and support our continued expansion."

Billings’ career includes time spent at Hudson’s Bay Company, Gilt, and Olivela.