SHANGHAI, June 8, 2021 /PRNewswire/ — Yum China Holdings, Inc. (the “Company” or “Yum China“,NYSE: YUMC and HKEX: 9987) today announced that it has signed the Business Ambition for 1.5⁰C Commitment Letter, as part of the global Science Based Targets initiative (SBTi), that helps companies establish science-based targets to reduce greenhouse gas (GHG) emissions and transform business operations to fit the future low-carbon economy.
In committing to the SBTi, Yum China pledges to align its business with the most ambitious aim of the Paris Agreement, to limit global temperature rise to 1.5°C above pre-industrial levels and reach net-zero by 2050. Yum China firmly supports these goals and recognizes its responsibility to minimize the risk climate change poses to the future of the planet. Specifically, Yum China will define a target and roadmap to reduce GHG emissions along its value chain based on SBTi criteria within 24 months.
“As we move further along our climate action journey, we are stepping up efforts to become a company committed to net-zero emissions,” said Joey Wat, CEO of Yum China. “In order to transform sustainability challenges, such as climate change, into opportunities, Yum China will continue to collaborate with stakeholders across the value chain.”
As part of its sustainability strategy to create a responsible ecosystem, Yum China actively identifies and assesses energy use and GHG emissions across its value chain. In 2018, Yum China set a target of reducing restaurant energy consumption and GHG emissions by an additional 10% by 2025 compared to the 2017 baseline. Through the application of innovative energy saving initiatives and technologies, Yum China reached this target ahead of schedule in 2020. In 2019, the Company formulated a climate change strategy which defines methods and measures for energy and GHG management, green building design, and rainforest conservation. The Company is stepping up its climate efforts by committing to Science Based Targets, signaling the next phase of the Company’s climate advocacy.
Yum China will continue to be transparent in communicating its progress around climate and energy practices. In addition to publishing an annual sustainability report, Yum China will also disclose its climate impact through CDP, a global non-profit charity that runs the world’s leading environmental disclosure system.
Learn more about Yum China’s environmental and sustainability work here
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as “expect,” “expectation,” “believe,” “anticipate,” “may,” “could,” “intend,” “belief,” “plan,” “estimate,” “target,” “predict,” “likely,” “will,” “should,” “forecast,” “outlook,” “look forward to” or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations ” in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q) for additional detail about factors that could affect our financial and other results.
About Yum China Holdings, Inc.
Yum China Holdings, Inc. is a licensee of Yum! Brands in mainland China. It has exclusive rights in mainland China to KFC, China’s leading quick-service restaurant brand, Pizza Hut, the leading casual dining restaurant brand in China, and Taco Bell, a California-based restaurant chain serving innovative Mexican-inspired food. Yum China also owns the Little Sheep, Huang Ji Huang, East Dawning and COFFii & JOY concepts outright. In addition, Yum China has partnered with Lavazza to explore and develop the Lavazza coffee shop concept in China. The Company had 10,725 restaurants in over 1,500 cities at the end of March 2021. Yum China ranked # 363 on the Fortune 500 list for 2021. Yum China has been named the Industry Leader for the Restaurant & Leisure Facilities Industry in the 2020 Dow Jones Sustainability Indices. In 2021, Yum China was named to the Bloomberg Gender-Equality Index and was certified as a Top Employer 2021 in China by the Top Employers Institute, both for the third consecutive year. For more information, please visit http://ir.yumchina.com.
SOURCE Yum China Holdings, Inc.
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Topspin Consumer Partners Closes Oversubscribed Fund II at Hard Cap of $205 million
MAMARONECK, N.Y., June 16, 2021 /PRNewswire/ — Topspin Consumer Partners (“Topspin”), an operationally-driven private equity firm focused on the consumer sector, is pleased to announce the final closing of Topspin Consumer Partners II (“TCP II”) at its hard cap of $205 million. The fund was oversubscribed with strong support from existing investors combined with significant new commitments from a diverse base of new institutional limited partners including funds of funds, global asset managers and family offices.
Consistent with its predecessor fund, TCP II will seek to partner with founder-owners and top management teams to make investments of $15 million to $35 million in lower middle market growth-oriented consumer products and services companies. Topspin is focused on branded consumer “essentials” that are capturing market share within established niches and can leverage digital marketing and e-commerce platforms to drive growth. Topspin invests with founders and teams who are looking to continue the transformation of their businesses into leading middle market companies and works collaboratively with them to implement operational best practices, upgrade product development processes and capabilities, and enhance sales, distribution and marketing strategies. To date, Topspin has already closed three platform investments and three add-on investments in the new fund.
The Topspin investment team has been investing together for more than a decade and brings deep operational experience to their underwriting and value creation processes. The team is supported by a seasoned industry board of advisors and a broad network of experienced executives in various consumer segments.
“Topspin appreciates the support from the investment community that enabled this successful fundraise,” said Leigh Randall, Managing Partner of Topspin. “The strong performance of our portfolio companies during the uncertain conditions of the coronavirus pandemic was critical in maintaining and furthering investor confidence in our ability to create value in the consumer sector. Our experience and prior successes in the digital marketplace have positioned us favorably to take advantage of an accelerating trend in our industry.”
MVision Private Equity Advisers acted as the global strategic adviser to Topspin and Goodwin Procter served as legal counsel in the formation of the fund.
About Topspin Consumer Partners
Topspin Consumer Partners is a Mamaroneck, NY-based private equity firm that makes investments in established, profitable and fast-growing middle-market consumer businesses. The firm invests across a number of sub-verticals within consumer, including health & wellness, personal care/beauty, food/beverage, household goods, pet, and children’s products. The Topspin team has considerable operational expertise and collaborates with founder-owners and management teams to build businesses of varying stages and sizes. Further information on Topspin can be found at www.topspincp.com.
Topspin Consumer Partners
MVision Private Equity Advisers
SOURCE Topspin Consumer Partners
The $365 Million Worldwide Solar Panel Recycling Industry is Expected to Grow at a CAGR of 19.3% from 2020 to 2027
DUBLIN, June 16, 2021 /PRNewswire/ — The “Global Solar Panel Recycling Market 2020-2027 by Process (Mechanical, Thermal, Laser, Chemical), Panel Type (Monocrystalline, Polycrystalline, Thin Film), Shelf Life (Early Loss, Normal Loss), and Region: Trend Outlook and Growth Opportunity” report has been added to ResearchAndMarkets.com’s offering.
Global solar panel recycling market will reach $365.6 million by 2027, growing by 19.3% annually over 2020-2027 driven by the growing demand for clean energy on account of environmental protection, increasing growing adoption of solar power as a renewable source of energy, and rising support of the government toward sustainable development.
This report is based on a comprehensive research of the entire global solar panel recycling market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2017-2019 and provides estimate/forecast from 2020 till 2027 with 2019 as the base year.
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global solar panel recycling market in every aspect of the classification from perspectives of Process, Panel Type, Shelf Life, and Region.
Based on Process, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
- Mechanical Recycling
- Thermal Recycling
- Laser Recycling
- Chemical Recycling
- Other Processes
Based on Panel Type, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
- Monocrystalline Solar Panels
- Polycrystalline Solar Panels
- Thin Film Solar Panels
Based on Shelf Life, the global market is segmented into the following sub-markets with annual revenue for 2017-2027 included in each section.
- Early Loss
- Normal Loss
Geographically, the following regions together with the listed national/local markets are fully investigated:
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE, Egypt, South Africa)
For each aforementioned region and country, detailed analysis and data for annual revenue are available for 2017-2027. The breakdown of all regional markets by country and split of key national markets by Process, Panel Type, and Shelf Life over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Key Topics Covered:
2 Market Overview and Dynamics
3 Segmentation of Global Market by Process
3.1 Market Overview by Process
3.2 Mechanical Recycling
3.3 Thermal Recycling
3.4 Laser Recycling
3.5 Chemical Recycling
3.6 Other Processes
4 Segmentation of Global Market by Panel Type
4.1 Market Overview by Panel Type
4.2 Monocrystalline Solar Panels
4.3 Polycrystalline Solar Panels
4.4 Thin Film Solar Panels
5 Segmentation of Global Market by Shelf Life
5.1 Market Overview by Shelf Life
5.2 Early Loss
5.3 Normal Loss
6 Segmentation of Global Market by Region
6.1 Geographic Market Overview 2020-2027
6.2 North America Market 2020-2027 by Country
6.2.1 Overview of North America Market
6.3 European Market 2020-2027 by Country
6.3.1 Overview of European Market
6.3.8 Rest of European Market
6.4 Asia-Pacific Market 2020-2027 by Country
6.4.1 Overview of Asia-Pacific Market
6.4.6 South Korea
6.4.7 Rest of APAC Region
6.5 South America Market 2020-2027 by Country
6.5.4 Rest of South America Market
6.6 MEA Market 2020-2027 by Country
6.6.3 South Africa
6.6.4 Other National Markets
7 Competitive Landscape
7.1 Overview of Key Vendors
7.2 New Product Launch, Partnership, Investment, and M&A
7.3 Company Profiles
- Canadian Solar Inc.
- EIKI SHOJI Co. Ltd.
- First Solar Inc.
- Interco Trading Inc.
- PV Cycle a.i.s.b.l.
- Reclaim PV Recycling Pty Ltd.
- Reiling GmbH & Co. KG
- REMA PV System AS
- Rinovasol GMBH
- Sharp Corporation
- Silcontel Ltd.
- SunPower Corporation
- Trina Solar Co., Ltd.
- Yingli Energy Co. Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/6pbxxk
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
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Parallel’s goodblend™ Texas Launches the First CBN Cannabis Product Line for Patients Through Texas Compassionate Use Program
“We are excited to debut yet another first-to-market cannabis product in Texas and to extend our Surterra Wellness line into the Massachusetts market with the launch of Dream +CBN. Our proprietary formulas are crafted to help qualifying patients improve their quality of sleep, which is a big contributor to overall health and well-being,” said William “Beau” Wrigley, Jr., Chief Executive Officer and Chairman of Parallel. “Dream +CBN exemplifies Parallel’s emphasis on bringing patients a wide variety of innovative product formats and proprietary cannabinoid blends through our dedicated R&D team.”
In Texas, the Dream +CBN product line comes in a 15mg dose of CBN and THC per milliliter (ml), contains a proprietary Dream terpene profile, and is infused with the cannabinoid ratio of 2 CBN : 1 THC.
“goodblend Texas is proud to be the first medical cannabis dispensary in Texas to offer a product with the rare cannabinoid CBN to qualifying patients across the Lone Star State through the Compassionate Use Program. Good quality sleep is essential to overall health and well-being, and we are excited to provide qualifying patients a high-quality alternative to sleep aids to help them feel rested and restored,” said Marcus Ruark, President of goodblend Texas.
Medical cannabis patients across Texas already registered in the program, and those interested in learning more about cannabis, can access board-certified prescribers, medical cannabis information, services, and products in the following ways:
- The goodblend Virtual Clinic is a service in which prospective patients can schedule consultations with a board-certified prescriber through a seamless experience. To get started, visit tx.goodblend.com/clinic.
- goodblend.com offers a wide variety of products, easy online ordering, and free contactless home delivery, often in as little as three days.
- goodblend’s partner clinics in Plano, Houston, Fort Worth, and San Antonio provide registered patients a convenient way to pick up goodblend cannabis products at locations in major metropolitan areas.
The launch of the first CBN product in Texas follows the recent news that Parallel invested $25M in a new state-of-the-art cannabis cultivation, production, and retail facility in San Marcos, Texas. This financial commitment expands Parallel’s ability to meet the growing demand for medical cannabis products in Texas. The planned 63,000 square-foot facility is expected to create hundreds of new jobs in the San Marcos region over the coming years. The company also recently introduced its goodblend™ retail brand, which reflects Parallel’s intent to lead the way to the future of cannabis by providing patients a trusted, consistent and seamless way to connect and learn, and to access innovative, high-quality cannabis products in a variety of formulations. The brand is about welcoming every type of customer and being an approachable source for customers’ well-being.
Cannabinol (CBN) was the first cannabinoid to be identified and isolated from the cannabis plant in 1899 long before the discovery of THC or CBD. One of more than 100 cannabinoids found in the cannabis plant, CBN has grown in popularity lately as more customers claim its benefits for sleep. CBN is often used for its potential relaxing qualities and sedative effects when combined with THC. Like all cannabinoids, its effect is generated from the interactions between our endocannabinoid system and its receptors. CBN binds to both endocannabinoid and GABA receptors in the body, neurotransmitters that are crucial to the body’s natural sleep cycle. When THC is combined with CBN and other cannabinoids, effects and benefits are amplified.
About Surterra Wellness Dream + CBN
Surterra Wellness is a line of products designed to help people start living their best lives. It began as a Florida-only cannabis brand and is now offered in a number of product formats in Texas and as the Dream +CBN product in Massachusetts.
In Texas, pricing and additional details on Surterra Wellness Dream +CBN (2 CBN : 1 THC), (available to order starting June 22) can be found at tx.goodblend.com.
In Massachusetts, the Surterra Wellness Dream +CBN 15 ml tincture oil blends a ratio of 1 CBN : 2 THC, and is sold exclusively through NETA retail stores to both medical and adult customers. Pricing and additional details can be found at netacare.org.
Parallel is one of the largest privately-held, vertically integrated, multi-state cannabis companies in the United States with a mission to pioneer well-being and improve the quality of life through cannabinoids. Parallel recently announced that it intends to become a public company through a definitive business combination agreement with Ceres Acquisition Corp. (“Ceres”), a special purpose acquisition corporation (SPAC). Parallel has ongoing operations in four medical and adult-use markets under the retail brands of Surterra Wellness in Florida; goodblend in Texas; New England Treatment Access (NETA) in Massachusetts, and The Apothecary Shoppe in Nevada. Parallel also has a license under its goodblend Pennsylvania brand for vertically integrated operations and up to six retail locations, in addition to a medical cannabis research partnership with the University of Pittsburgh School of Medicine. Subject to regulatory approval, Parallel will add Illinois as a sixth market when its recently announced acquisition of six Windy City Cannabis licenses is complete. Parallel has a diverse portfolio of high quality, proprietary and licensed consumer brands and products including Surterra Wellness, Coral Reefer, Float and Heights. Parallel operates approximately 50 locations nationwide, including 42 retail stores, and cultivation and manufacturing sites. Through its wholly-owned Parallel Biosciences subsidiary, it conducts advanced cannabis science and R&D for new product development in its facilities in Massachusetts, Florida, Texas and a facility in Budapest, Hungary through an exclusive license and partnership. Parallel follows rigorous operations and business practices to ensure the quality, safety, consistency, and efficacy of its products and is building its business by following strong values and putting the well-being of its customers and employees first. Find more information at www.liveparallel.com, or on Instagram and LinkedIn.
Texas CUP License #0006
Forward Looking Statements
Certain information in this communication contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities legislation and U.S. securities law (referred to herein as forward-looking statements). Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include, but are not limited to, statements related to activities, events or developments that Parallel expects or anticipates will or may occur in the future, statements related to Parallel’s business strategy objectives and goals, and Parallel’s management’s assessment of future plans and operations which are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Forward-looking statements can often be identified by the use of words such as “may”, “will”, “could”, “would”, “anticipate”, ‘believe”, expect “, “intend”, “potential “, “estimate”, “budget”, “scheduled”, “plans”, “planned”, “forecasts”, “goals” and similar expressions or the negatives thereof. Such statements are made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and are based on Parallel’s management’s belief or interpretation of information currently available. Forward-looking statements are neither historical facts nor assurances of future performance. Forward-looking statements in this communication includes statements regarding the product launch, Parallel’s business plans in Texas, the effects of Parallel’s products on its customers and Parallel’s business strategy. Forward-looking statements are based on a number of factors and assumptions made by management and considered reasonable at the time such information is provided, and forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements.
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Adverty launches In-Play™ and In-Menu™ ads in Magic Finger 3D and World Hockey Manager 2021
STOCKHOLM, June 16, 2021 /PRNewswire/ — Leading in-game advertising specialist, Adverty AB (publ), today announces two new games launching in its network, which will include Adverty’s seamless In-Play™ and In-Menu™ formats for both branding and performance advertising to global audiences.
First out is Magic Finger 3D from Lucky Kat Studios. With an amazing seamless integration of Adverty’s In-Play™ ads which include billboards as well as ads players can interact with, Magic Finger 3D also introduces Adverty’s Seamless In-Menu™ format.
“This combination of In-Play™ branding and In-Menu™ performance advertising is something the industry has been eagerly awaiting. The combination of performance advertising with strong branding leads to a powerful multiplier effect,” says Adverty CEO, Tobias Knutsson.
Herdjie Zhou, CEO of Lucky Kat Studios, adds: “We are delighted to launch In-Play™ and In-Menu™ in Magic Finger 3D – our most successful game to date, which recently surpassed 20 million downloads. With the additional and incremental revenue we have seen a solid increase in Average Revenue Per Daily Active User (ARPDAU) without any downside to player engagement.”
Magic Finger 3D gameplay video footage: https://youtu.be/WwTGW9OiA9A
Based in The Hague, The Netherlands Lucky Kat Studios produces and publishes casual games with a pop culture twist. In addition to its recent chart-topper Magic Finger 3D, Lucky Kat is also the creator of cult hits such as Road Crash, Nom Plant and Ice Cream Roll.
In addition, Gold Town Games (GTG)’s World Hockey Manager 2021 has now gone live with its first In-Play™ ads and has since decided to add more integrations. As of today, the leading ice hockey manager simulation game has added both a new In-Play™ integration as well as clickable In-Menu™ units that appear organically during breaks in the game.
Thomas Jonasson from Gold Town Games explains: “World Hockey Manager 2021 has a very well-defined audience with over 80% of players being male and aged 20-45; concentrated in countries where Ice Hockey is a popular sport. We believe that the addition of In-Menu™ adds to further support and enhance the value of the In-Play™ ads we are already leveraging will make our game very attractive to advertisers looking to reach our target audience.”
Thorbjörn Warin, Chief Supply Officer at Adverty, says: “We are thrilled to bring Adverty’s unique, seamless and unobtrusive ad offering to wider audiences. We are seeing a strong and increasing demand for advertising opportunities within the gaming vertical. In-game advertising is expected to see tremendous growth in the coming years, as more advertisers add gaming to their media mix and game publishers start using these new monetisation solutions.”
“We are thrilled to welcome Magic Finger 3D and World Hockey Manager 2021 to the world of seamless in-game advertising and we look forward to long and mutually beneficial relationships with Gold Town Games and Lucky Kat Studios. I am super excited to see the effects of this killer combination being delivered to such a large audience,” adds Tobias Knutsson.
This news follows Adverty’s recent partnerships with InMobi and Verizon Media, which enable a wide range of partners and advertisers to access Adverty’s in-game ad inventory, in order to reach wide audiences within gaming, maximise brand exposure and publisher monetisation.
Links to download iOS and Android versions for both games are available at:
Apple App Store:
For further information, please contact:
Anders Rössel, CFO
Phone: +46 70 867 00 20
E-mail: [email protected]
This information is information that Adverty AB (publ) is obliged to disclose under the EU Market Abuse Regulation. The information was provided, through the contact of the above contact person, for publication on the 16th of June 2021.
Corpura Fondkommission AB, phone +46 (0)722 52 34 51, act as certified advisor/mentor for the company at NGM Nordic SME.
Adverty, the leading in-game advertising platform, delivers seamless In-Play™ and In-Menu™ ads to connect brands and people through its revolutionary and patented technology built for games. The platform offers true in-game ad inventory at scale and allows content creators to monetise the complete experience with unobtrusive, easy-to-integrate, immersive ads. Founded in 2016, Adverty has offices in Stockholm, London, New York, Madrid, Helsinki, St Petersburg and Lviv and works with advertisers, agencies and developers to unlock audiences and gaming revenue streams. More information at www.adverty.com.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
SOURCE Adverty AB
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