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New mobile app enables skin analysis, product recommendations

BY Antoinette Alexander

NEW YORK — Launching exclusively for iOS devices is a new mobile app that applies big data technology to conduct skin analysis of a user’s Facebook photos to measure changes in facial features, makeup, aging and hair to help them better understand their own skin and suggest the best products for them to buy. Enter Beautiful Me.

"We’re thrilled to introduce Beautiful Me to users and bring a level of understanding to skin analysis that has never been easily accessible through an app," said Miriam Pettinen, director of partnerships and mobile strategy, who led the development of the Beautiful Me app. "While most apps only use basic analysis of a single photo, the combination of big data and machine learning algorithms used in Beautiful Me gives users a much more accurate description of their skin profile."

Beautiful Me users create a visual profile that auto-downloads up to 500-plus Facebook photos to their device, which are then evaluated by the app’s photo processing system. The app first recognizes skin and facial features, such as skin tone and undertones. From here the app analyzes the user’s features that are summarized in easy to read graphics. Based on the date information associated with each image, skin and aging data are also reported as a trending graph, allowing users to see how their skin has changed over time.

The information collected during the initial analysis is also used for product recommendations, pulling together a combination of curated skin, anti-aging and cosmetic products that best match the user’s profile.

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Duck tape, Fiskars partner for new scissors

BY David Salazar

MADISON, Wis. — Duck duct tape is joining forces with Fiskars to create a new pair of scissors.

The Fiskars Duck Edition scissors are meant to easily cut through duct tape without accumulating sticky buildup, and are coated in a non-stick material. The scissors, which are currently being sold on Fiskars.com and in JoAnn Fabric stores, come in 5- and 8-in. sizes.

“Both Duck brand duct tape and Fiskars share a commitment to creating innovative products that help people express their creativity,” Jay Gillespie, Fiskars’ VP brand marketing, said. “This partnership is a perfect fit, and we’re looking forward to giving enthusiasts tools that make creating with Duck Tape easier than ever before.”

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Safeway announces settlement of certain actions in connection with proposed merger

BY Antoinette Alexander

PLEASANTON, Calif. — Safeway has announced its entry into a memorandum of understanding to settle the consolidated class action pending in the Court of Chancery of the State of Delaware filed on behalf of alleged Safeway stockholders against Safeway in connection with Safeway’s proposed merger with an affiliate of AB Acquisition LLC.

The memorandum of understanding provides for, among other things, (i) an amendment to the definitive merger agreement to adjust certain provisions of the Casa Ley contingent value rights agreement and the PDC contingent value rights agreement, each of which were previously attached as exhibits to the definitive merger agreement, (ii) an agreement by Safeway to terminate Safeway’s stockholder rights plan, commonly referred to as a "poison pill," effective June 19, and (iii) certain changes to the proxy statement filed in connection with the proposed merger, which changes will be captured in the definitive proxy statement that Safeway intends to file with the U.S. Securities and Exchange Commission.

While Safeway has entered into the memorandum of understanding and an amendment to the definitive merger agreement and has accelerated the expiration date of the stockholder rights plan to June 19, the settlement will be subject to the approval of the Delaware Chancery Court. Safeway and the board of directors of Safeway believe the claims are entirely without merit, and in the event the settlement does not resolve them, intend to defend these actions.

The changes to the terms of the PDC CVR Agreement provide that, among other things, the holders of the contingent value rights under the PDC CVR Agreement would, instead of not receiving any value for any assets of Safeway’s shopping center portfolio that remain unsold at the end of the two year sale deadline period under the PDC CVR Agreement, be entitled to the fair market value of the unsold assets (net of certain expenses, fees and taxes).

The changes to the terms of the Casa Ley CVR Agreement, among other things, shorten the sale deadline period from four years to three years. In the event any of the equity interests of Casa Ley, S.A. de C.V., a Mexico-based food and general merchandise retailer, owned by Safeway remain unsold as of the sale deadline period, the determination of the fair market value that the holders of the contingent value rights under the Casa Ley CVR Agreement would be entitled to at the end of the sale deadline period would exclude any minority, liquidity or similar discount regarding such equity interests.

Originally scheduled to expire on Sept. 15, Safeway’s board has amended the rights plan to accelerate the expiration date to June 19, effectively terminating the plan and the rights issued under the plan as of that date. Accordingly, upon termination, Safeway will voluntarily delist the rights from The New York Stock Exchange. Safeway plans to file an application on Form 25 to notify the SEC of the withdrawal of the rights from listing on the NYSE, and expects the withdrawal to be effective on July 3. Following the withdrawal, the company will continue to file the same periodic reports and other information it currently files with the SEC, but the rights will no longer be listed or registered on an exchange or other quotation medium.

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