In a Word / Graphic Arts Industry News - May 3, 2024

Goldman Sachs and Smurfit Kappa, the top five groups responsible for the world's plastic waste, artistic spindles, illegal billposting in Paris... This week's news.

Goldman Sachs owns 7% of Smurfit Kappa

New York investment bank Goldman Sachs has increased its stake in Dublin, Ireland-based, London-listed paper packaging manufacturer Smurfit Kappa, crossing the threshold of 7% of voting rights, via financial instruments with effect from April 23, 2024.

5 groups responsible for a quarter of the world's plastic pollution

Based on an analysis of the marks still visible (i.e. 50%) on plastic waste collected by volunteers in over 80 countries, the Global producer responsibility for plastic pollution study published on April 24, 2024, concludes that just 56 companies, are responsible for half of the waste found in nature.

The American Coca Cola Company, with its subsidiaries Coca Cola, Fanta, Sprite and Minute Maid, is responsible for more than one in ten (11%) of waste. Pepsico (7 Up, Tropicana, Lipton Tea...) is in second place (with 5%), followed by the Swiss group Nestlé (Vittel, San Pellegrino, Smarties, Nespresso or Chocapic) ex aequo with the French Danone (3%) Danone then Altria, ex-Philip Morris (at 2%).

Le Muselet Valentin unveils its 11th art collection

Le Muselet Valentin unveils its artistic collection of sparkling wine and champagne wirehoods, Art Collection n° 11. This year, France's only manufacturer of wirehoods, based in Oiry near Épernay in the Marne region, has chosen Champagne artist Caroline Brun, founder of visual tasting, to create the artwork on which the wirehood plates are based.
Comprising six wirehoods, this eleventh series is aimed at sparkling wine and champagne producers.

Illegal billposting: fines imposed by Paris City Hall top the million euro mark in four months

Since January 1, communes have taken back from the State the power to issue fines for illegal billposting, as part of an amendment to the August 2021 Climate and Resilience Act.
Paris City Hall has billed 1.3 million euros in fines for unauthorized billposting in four months, she told AFP.
The 36 companies concerned - the brand highlighted by the posters, not the communications agency - by these fines are mainly in the fashion, jewelry and entertainment sectors.

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