cemetery business
This article published last week from Bloomberg Law alleges that when former Park Lawn Corporation CEO Andrew Clark resigned and left the employment of the company he carried trade secrets with him to his new employer, Plot Box, Inc. The article from Bloomberg Law notes that a lawsuit was filed in a Delaware federal court…
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On Friday we published an article about funeral FinTech and software firm Tribute Technology fetching a reported “more than a billion” dollar amount when sold. That same day we learned in this article that an Idaho funeral tech firm had just received a $4 million venture fund investment from Pelion Venture Partners based in Utah.…
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Earlier this week funeral home and cemetery consolidator Carriage Services, based in Houston, Texas, produced their 3rd Quarter 2020 report and in it they recognized the quarter as record breaking for revenue and EBITDA. According to Chairman and CEO Mel Payne the company blew through milestones which they did not expect to reach until sometime…
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I don’t think that there is any doubt that at one time we viewed cemeteries as a “place for the dead”. However, you could argue that over the years, while cemeteries still carry the reverence of places where we lay our loved ones to rest, they have become not only a place for the dead,…
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A little over a year ago Funeral Director Daily brought you this article introducing Better Place Forests to our readers. At that time we said of the idea, “Think of it. . . increased cremation and now a place – like cemeteries of old – where today’s consumer will feel comfortable placing the remains of…
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This article from the Daily Chronicle tells how Recompose founder Katrina Spade has been working since 2014 to bring Natural Organic Reduction (NOR) to an acceptable and legal process of human disposition. She not only had to prove the science behind what many call “human composting” but had to find a legislative body to approve…
Read MoreIn this public relations release from Globe Newswire you can read that Axar Capital Management has withdrawn its proposal to acquire all of the outstanding shares of StoneMor Inc. and take the company private. In the press release, StoneMor made this announcement by Stephen J. Negrotti, Chair of a special committee to evaluate the Axar…
Read MoreAs we post our final Afternoon Edition before the Labor Day holiday we do so with some articles that are heavily weighted to the cemetery side of the death care profession. In today’s News from the World of Death Care we bring you an article from “The Conversation” that deals with how the cemetery could…
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With today being the last day in the business calendar of the first eight months of the year and April to June reports all in, I thought it might be a good time to find out where the Death Care Index is sitting in relation to the stock market in general. The Death Care Index,…
Read MoreOn Tuesday the Hormel Corporation announced a new employee benefit available to all United States Hormel Corporation employees. This benefit, that they are calling “Inspired Pathways”, will pay for two-years of community or junior college tuition for all children of the aforementioned Hormel employees. You can read an article from the Minneapolis Star Tribune here…
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