Author: Carter Wells

Carter Wells brings a distinctive perspective to technology journalism through his specialized focus on industrial computing and automation ecosystems, where he deciphers complex technical integrations for both enterprise and manufacturing audiences. His analytical approach illuminates the convergence of IoT infrastructure with emerging technologies, examining how edge computing and intelligent systems reshape operational paradigms. With a methodology grounded in supply chain automation and predictive maintenance applications, Carter translates industrial-grade innovations into accessible insights that bridge engineering precision with strategic business implications.
BusinessStartups

Premium Baby Care Brand Coterie Acquired by Mammoth Brands in Major Industry Move

Mammoth Brands, founded by Harry’s creators, has acquired premium baby care disruptor Coterie in what analysts suggest could be a billion-dollar transaction. The acquisition positions Coterie to accelerate growth in the competitive diaper market dominated by established players.

Major Acquisition in Baby Care Sector

Mammoth Brands, the modern consumer goods company started by the creators of Harry’s, has announced its acquisition of premium baby care brand Coterie, according to reports. While specific financial terms remain undisclosed, sources indicate the deal could value Coterie at over $1 billion—a remarkable achievement for a brand launched less than six years ago in 2019.

by Carter Wells
FintechStartups

German InsurTech Enzo Secures €4 Million to Combat Water Damage with AI Sensors

Enzo, a German InsurTech developer, has closed a €4 million Seed extension to tackle water damage using novel IoT sensors and AI. The funding will support technology development and international expansion, with the solution reportedly reducing insurer claim costs by up to 70%.

Funding Boost for Water Damage Prevention Technology

Heidelberg-based InsurTech startup Enzo has secured a €4 million Seed extension round, bringing its total Seed funding to €6.2 million, according to reports. Sources indicate the fresh capital will accelerate development of Enzo’s AI platform, expand insurer partnerships, and prepare for international market entry.

by Carter Wells
Business

Kering Divests Beauty Unit to L’Oréal in €4 Billion Strategic Shift

In a major strategic reversal, Gucci owner Kering is divesting its beauty division to L’Oréal for €4 billion. The deal includes Creed fragrance and future rights to develop products under Kering’s luxury fashion labels through a long-term license agreement.

Strategic Divestiture Amid Leadership Transition

French luxury conglomerate Kering has agreed to sell its beauty division to cosmetics giant L’Oréal for €4 billion, according to reports. The transaction represents the first major strategic move by new chief executive Luca de Meo, who took leadership less than two months ago and is pivoting away from his predecessor’s expansion strategy in beauty and cosmetics.

by Carter Wells