REI reported sales reached a record $2.4 billion in 2015 after a second consecutive year of nearly double-digit growth. Sales increased 9.3 percent from $2.2 billion in 2014, or 11 percent when adjusting for an extra 53-week of sales ...
Gimv has announced that its Belgain company Punch Powertrain has been 100% acquired by Chiense Yinyi group. The valuation agreed upon in the context of this transaction indicates that the contemplated sale could have a positive impact of ...
Tags: Gimv, Yinyi group, Punch Powertrain, Aquisition
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
Uber is helping to reduce the number of drink-driving incidents in cities, a new report claims. According to research by a US driving school, Uber’s entry into Seattle is estimated to have resulted in a 10% decrease in the instances ...
Tags: Uber, Drink-driving
Orora is planning to invest $42m in additional glass bottle forming lines at its Gawler, South Australia, glass plant. In addition, Orora is assessing a potential investment of a further $10 - $15 million in an automated warehouse at ...
Tags: Orora, Glass Bottle
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
Nordic Sugar is now investing an additional SEK 190 million in its Swedish operations by building a new sugar silo at the factory in Ortofta. Combined with the factory's recently completed investments of more than SEK 200 million to ...
Tags: Nordic Sugar, Ortofta Sugar
Samsung Electronics Co Ltd of Seoul, Korea has introduced inFlux, a new lineup of high-flux, linear LED modules optimized for industrial lighting applications such as plants, parking lots and warehouses. The modules serve as a replacement ...
Tags: Samsung LEDs, Industrial Lighting
Samsung Electronics Co Ltd of Seoul, Korea says that LM561B+, its new high-efficacy mid-power LED package line-up, is now offered with 3-step MacAdam ellipse bins and quarter bins across the range of all correlated color temperatures ...
Tags: Samsung LEDs, LED Package Line-up
Craft Brew Alliance (CBA) and Pabst Brewing Company (PBC) have signed a brewing agreement whereby the two companies aim to achieve growth objectives jointly. The agreement entails that PBC subsidiary Rainier Brewing Company will brew ...
Tags: brewery optimization, brewery
Chinese home appliance makers are giving dimensions of reality to the "Internet Plus" strategy championed by Premier Li Keqiang. Slowly but surely, they are pressing ahead with the task of integrating Internet technologies with their ...
For its fiscal second-quarter 2016 (ended 1 November 2015), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported revenue of $321.1m, up 8% on $297m a year ago and up 2.3% on $314m last ...
Tags: Finisar, fiscal, Electronics
Dun & Bradstreet’s latest Business Expectations Survey indicates a fairly subdued outlook for the first quarter of 2016, as results continue to fall short of expectations. As the new year approaches, businesses are reporting lowered ...
Fresh food grown in the microgravity environment of space officially is on the menu for the first time for NASA astronauts on the International Space Station. Expedition 44 crew members, including NASA's one-year astronaut Scott Kelly, are ...
Tags: LED Grown Veggies, Space, LEDs
The Office of the U.S. Trade Representative released the full text of the Trans Pacific Partnership on Thursday, providing the sporting goods industry its first opportunity to vet the details of the potentially historic trade agreement. ...