Associated British Foods (ABF) is reportedly contemplating the sale of its unprofitable sugar business in China to remain focused on its sugar operations in Europe and Africa. For this purpose, the food company has invited bids for five ...
Tags: Unprofitable Sugar, Sugar
Sports Authority Inc. pushed back the planned bankruptcy auction from April 25 to May 16 amid “substantial” interest from several potential bidders. A report from Reuters also indicated that both Dick's Sporting Goods and ...
Nintendo has finally launched its first smartphone app, Miitomo, in its native Japan. We've been waiting for Nintendo's first mobile game ever since it announced its partnership with the Japanese mobile games developer DeNA. That was a ...
International Paper, a US based pulp and paper company, has signed an agreement to divest its corrugated packaging business to Xiamen Bridge Hexing Equity Investment Partnership Enterprise, for approximately $150m. Under the terms of the ...
Anheuser-Busch InBev (AB InBev) has agreed to sell SABMiller’s Chinese beer business to China Resources Beer Holdings for $1.6bn, in an effort to gain regulatory approval for its pending acquisition of SABMiller. The Chinese ...
Tags: AB In Bev, SABMiller, China Resources, Chinese Beer
US Foods Holding Corp plans to go for initial public offering of its shares to raise $100m, a move that comes after Sysco Corp failed to acquire it. In its filing with the US Securities and Exchange Commission, US Foods did not state the ...
Tags: US Foods, food service
US-based confectionery company Mondelez International has committed to source 100% cage-free eggs in the US and Canada by 2020 and in Europe by 2025. The commitment comes after years of responsible sourcing and sustainable practices that ...
Tags: cage-free eggs, eggs
A Chinese court has penalised two units of US-based food processing company OSI Group with up to $364,875 and sentenced imprisonment to 10 of its employees claiming that it sold outdated products to fast-food chains such as KFC and ...
Tags: Food Safety, McDonald's
China's latest efforts to stimulate its economy by deepening structural reform will produce rich "dividends" shared within China's borders and across the world. While the effectiveness of traditional demand-side policy support lessens, ...
Tags: Structural Reform, PRO-growth
Swiss food company Nestle has committed to use only cage-free eggs for its US food products by 2020. With this decision, the packaged food company has joined companies like Kellogg, McDonalds, Subway and Dunkin' Donuts, who have already ...
Tags: Nestle, cage-free eggs, Food
The priorities set out by Chinese leaders at a key economic meeting have prompted strong interest among foreign media organizations. The Central Economic Work Conference, which was held here from Friday to Monday, reviewed China's ...
UK-based drinks company Diageo has completed the sale of Jamaican lager Red Stripe to Heineken for $780.5m. The deal, which was announced in October, entails Diageo offloading its brewing companies in Jamaica, Malaysia and Singapore, to ...
Tags: Diageo, Jamaican lager Red Stripe, Food
The World Trade Organisation (WTO) has ruled that Canada and Mexico could impose tariffs worth $1bn on goods from the US in response to the latter's COOL law. The global trade body stated that the US meat labelling law is ...
Tags: meat labelling law, livestock
London-based Diageo and Dutch firm Heineken plan to exchange brewing assets in emerging markets, a move which will help Diageo generate a profit of £440m ($671m). Diageo is divesting its stakes in its joint ventures in Jamaica and ...
Japanese company Spread plans to construct a large fully automated vegetable factory capable of producing 30,000 heads of lettuce per day, according to a recent company statement. The Kyoto based company will start constructions on the ...
Tags: LED grow lights, Spread, vegetable factory