CJ America News

CJ Logistics America CEO Ed Bowersox has been named a 2021 Logistics Rainmaker by DC Velocity magazine. Rainmakers, individuals who have distinguished themselves both personally and professionally in the logistics field, are profiled each year in the July issue of the magazine. Nominations come from readers, past Rainmakers and the DC Velocity editorial staff, and the winners are selected by the DC Velocity Editorial Advisory Board.

CJ Cheiljedang Corp., the country’s leading processed foods maker, has been engaged in aggressive marketing, greatly expanding the scope of discount events since it upgraded its online mall CJ On Mart to CJ The Market in July 2019. On the back of such aggressive marketing efforts, the company saw membership at its online mall mark an almost threefold increase from 700,000 in August 2019 to 2 million in July 2020.

Local IT giant Naver has decided to invest 40 billion won into CJ ENM’s over-the-top (OTT) service Tving as part of its strategic partnership signed with the entertainment firm last year. This will make Naver the second-largest shareholder of Tving with a 15 percent stake.

We expect 2Q21 Food revenue/OP to increase. Results for domestic processed food were stable on the back of recovering B2B sales amid increasing outdoor activity as well as continual growth in demand for ready-to-eat microwaveable cooked rice and other home meal replacements. In China, online dumpling sales continue to increase, while in Japan, the vinegar category keeps growing. As for Schwan’s, we forecast USD-based revenue inch up on recovering B2B demand but KRW-based revenue edging down on unfavorable currency dynamics.

KCON:TACT 4 U, which has successfully connected artists and fans all over the world amid the COVID-19 pandemic, wrapped up with millions of audience members after its nine-day run. On June 28, KCON announced the impressive amount of viewers that the virtual K-pop concert garnered from June 19 to 27.

The CGV Drive-In Square One theater, which opened June 25 in Yeonsu-gu, Incheon, can accommodate some 100 vehicles. Between July and November last year, CGV temporarily operated a drive-in theater in Gwacheon’s Seoul Land. But the Incheon branch is permanent, it said.

TOUS les JOURS, a French-Asian bakery café chain known for its wide range of cake and pastry selection, announces that 2 new locations will be opened this month. The chain is branching out its business in the Massachusetts area and opening up a new store in Malden, MA this month. The chain is also opening up a new store in Killeen, TX, as the brand tries to expand its business in Texas.

CJ Logistics has been named to Food Logistics’ 2021 Top Green Providers list. The Top Green Providers list recognizes companies whose products, services or exemplary leadership enhances sustainability within the cold food and beverage industry. The recognition is based on a company’s participation in such programs as the EPA’s SmartWay and other recognized sustainability programs.

CJCJ Food, Americas is predicting steady growth in the frozen pizza category – which currently accounts for roughly 14% of the total pizza market1 – fueled by innovation and continued consumer demand for convenient, stress-free, at-home meals that appeal to the entire family. With substantial market share in the frozen pizza category, CJ CheilJedang’s U.S.-based food affiliates Schwan’s Company and CJ Foods USA Inc. are leaning on sales and trends data as they set the table for what comes next in frozen pizza.

Netflix has finally released the Ashin of the North teaser trailer for its upcoming special episode of their hit South Korean zombie period drama Kingdom. Starring Gianna Jun, the prequel special episode will be available for streaming on Friday, July 23.