Managing Partner at Fresco Capital, Fresco Capital

Tytus Michalski

Managing Partner at Fresco Capital

Fresco Capital

Thematic (Sector/Industry)

The acquisition of Dollar Shave Club by Unilever for $1B is an inflection point in the Fast Moving Consumer Goods (FMCG) industry. The old formula of relying on research and development, massive marketing spending and traditional distribution channels is being replaced by a new formula. While the disruption of the industry won't happen overnight, there are 3 things to watch out for when looking to identify which companies will be at risk.

The acquisition of Dollar Shave Club by Unilever for $1B is an inflection point in the Fast Moving Consumer Goods (FMCG) industry. The old formula of relying on research and development, massive marketing spending and traditional distribution channels is being replaced by a new formula. While the disruption of the industry won't happen overnight, there are 3 things to watch out for when looking to identify which companies will be at risk. 

Billion Dollar Shave Club & The New FMCG Formula

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Given the bland growth prospects that currently characterize the consumer products space, investors looking for better growth prospects—without sacrificing solid fundamentals—should give ingredient suppliers a look. As intermediaries in the supply chain, ingredients are central to consumer products' success, providing taste, texture, and scent.With healthy sector dynamics and strong company fundamentals, this is an interesting space with competitively advantaged names for long-term investors. We highlight <a href="https://www.smartkarma.com/entities/21724" target="_blank" data-smartkarma-citation="entities:21724:1">Symrise AG (SY1 GR)</a> as our current top investment opportunity in an ingredients space. Other companies covered in the report include: <a href="https://www.smartkarma.com/entities/22291" target="_blank" data-smartkarma-citation="entities:22291:1">Barry Callebaut AG (BARN SW)</a>, Christian Hansen, <a href="https://www.smartkarma.com/entities/22578" target="_blank" data-smartkarma-citation="entities:22578:1">Givaudan SA (GIVN VX)</a>,   <a href="https://www.smartkarma.com/entities/4284" target="_blank" data-smartkarma-citation="entities:4284:1">Ingredion Inc (INGR US)</a>, <a href="https://www.smartkarma.com/entities/12337" target="_blank" data-smartkarma-citation="entities:12337:1">Intl Flavors &amp; Fragrances (IFF US)</a>, <a href="https://www.smartkarma.com/entities/22026" target="_blank" data-smartkarma-citation="entities:22026:1">Kerry Group PLC (KYG ID)</a> and <a href="https://www.smartkarma.com/entities/22176" target="_blank" data-smartkarma-citation="entities:22176:1">Tate &amp; Lyle PLC (TATE LN)</a>.  Analyst: Adam Kindreich, CFA

Given the bland growth prospects that currently characterize the consumer products space, investors looking for better growth prospects—without sacrificing solid fundamentals—should give ingredient suppliers a look. As intermediaries in the supply chain, ingredients are central to consumer products' success, providing taste, texture, and scent.With healthy sector dynamics and strong company fundamentals, this is an interesting space with competitively advantaged names for long-term investors. We highlight Symrise AG (SY1 GR) as our current top investment opportunity in an ingredients space. Other companies covered in the report include: Barry Callebaut AG (BARN SW), Christian Hansen, Givaudan SA (GIVN VX),   Ingredion Inc (INGR US), Intl Flavors &amp; Fragrances (IFF US), Kerry Group PLC (KYG ID) and Tate &amp; Lyle PLC (TATE LN).  Analyst: Adam Kindreich, CFA 

Ingredients: Benefiting From Powerful Moat Sources Despite Absence of Branding or Pricing Power

Denmark

Carlsberg A/S is an international brewing company. The Company produces branded beers and regional brands. Carlsberg makes most of its beer outside of Denmark, and it is sold in markets around the world. The Company also markets and produces soft drinks, water, and wine.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Carlsberg A/S (CARLB DC)

Billion Dollar Shave Club & The New FMCG Formula

The acquisition of Dollar Shave Club by Unilever for $1B is an inflection point in the Fast Moving Consumer Goods (FMCG) industry. The old...

Tytus Michalski

Ingredients: Benefiting From Powerful Moat Sources Despite Absence of Branding or Pricing Power

Given the bland growth prospects that currently characterize the consumer products space, investors looking for better growth prospects—without...

Morningstar, Inc.

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)