Adidas Group reported a narrower loss in the fourth quarter as gross margins expanded and currency-neutral sales jumped 12 percent, driven by accelerated momentum at both Adidas and Reebok. On a currency-neutral basis, sales grew 16 percent ...
Tags: Adidas Group, Reebok
Furniture was again the top-performing category and the main contributor to retail growth in February, according to the latest BRC-KPMG Retail Sales Monitor. After hitting a record of +16 in January, GfK’s Major Purchase Index ...
Tags: Furniture, retail sales
Combi Packaging System, a US based manufacturer of end-of-line packaging equipment, has developed a packaging machine designed specifically for the craft brewery industry. The new machine, BrewPack, is expected to allow brewers to ...
The recovery in air freight volumes from a weak first half of last year continued into 2016, although subdued underlying global trade conditions suggest another modest year for volumes growth, reports the IATA. Ongoing strong capacity ...
Tags: IATA, Solid, Air Freight
Subaru of America, Inc. announced that total production of Subaru All-Wheel Drive (AWD) vehicles from their parent company, Fuji Heavy Industries Ltd. (FHI), reached 15 million units. This milestone was achieved in the 44th year of ...
Tags: Subaru, Total production of AWD vehicles, FHI, 15 million units
From 6 to 8 March 2016, over a period of three days, the most important decision-makers, manufacturers and trade visitors from all over the world will meet up in the exhibition halls of Koelnmesse to experience pioneering ...
Tags: Footprints
Caterpillar has announced that it will discontinue the production of its on-highway vocational trucks, based on present business climate in the truck industry and a thorough evaluation of the business, the company decided it would withdraw ...
Tags: Caterpillar, Vocational Trucks
Luxoft has announced that it has acquired Symtavision, a provider of automotive software tools and consulting services focused on scheduling analysis, architecture optimization, and timing verification. These tools and services are for ...
Tags: Luxoft, Automotive Industry
The Cancer Council and the National Heart Foundation have released a report claiming Victorian fast food chains do not provide sufficient nutritional information. In the “Investigation into kilojoule menu labelling in Victorian ...
Tags: Fast Food Chains, Cancer
A new smart toothbrush from Oral-B uses motion sensors and a smartphone camera to ensure users pay due attention to all of their choppers. The Oral-B Genius features Positional Detection Technology to give users a read-out on areas they ...
Tags: Oral-B, Toothbrush, brush
Australian agrifood company TasFoods is planning to acquire North West Tasmanian chicken producer Nichols Poultry for A$12.55m ($8.98m). Under the acquisition terms, TasFoods would purchase Nichols' poultry processing facility, 91 ...
Campbell Soup is launching a $125m venture capital fund, Acre Venture Partners, to invest in food startup companies, seeking new areas of interest for growth. The company will be the limited partner in the new venture capital fund and ...
Tags: Campbell Soup, Food Startups
Jamestrong has started installing a new infant formula can line to meet consumer demand. The $8 million investment follows the company’s recent $13 million investment in a KBA Metal Star 3 metal printer to boost its nutrition and ...
US-based chicken producer Pilgrim’s Pride has announced to invest $190m in a strategic growth plan to expand production of Pilgrim’s Pierce Chicken brand. The growth plan, which was initiated in the fourth quarter of 2015, ...
Tags: Pilgrim's Pride, prepared foods
Operating performance in the quarter was strong and substantially above the equivalent quarter last year. The group increased EBITDA excluding special items by 21% to US$175 million, operating profit excluding special items by 51% to ...
Tags: Stronger Performance, EBITDA