Automobile major Fiat Chrysler Automobiles (FCA) is on the verge of taking a final call on whether to divest its auto parts wing Magneti Marelli in the face of potential buyers expressing interest. Two private equity funds based out of ...
Tags: automobile manufacture, auto parts, FCA
China's big players are gearing up for a price war in the high-end smartphone sector, and the only big winner will be the consumer. Xiaomi Corp, Huawei Technologies Co Ltd and ZTE Corp's Nubia have all rolled out new products in what has ...
Tags: high-end smartphone, smartphone
Smartphone-use lens module maker Largan Precision recorded net EPS of NT$68.82 (US$2.23) for the first half of 2015, the company said at a July 16 investors conference. Of smartphone-use lens modules shipped in the second quarter, ...
Tags: Smartphone, lens module
In the nine months to May 31, 2015, sales soared 23.9 per cent year over year at Japanese apparel marketer retailer Fast Retailing Group, which has in its portfolio clothing brands like Uniqlo, etc. In the period between September and May ...
ConAgra Foods, an American packaged foods company, is planning to exit its private label foods business as it looks to boost profit margins, cut costs and focus on its growing consumer foods and commercial foods segments. The plans to ...
Tags: ConAgra Foods, packaged foods
Finnish pulp and paper maker Stora Enso is contemplating to close down its corrugated packaging converting facility in Chennai, India, due to lack of domestic market. Stora Enso, a firm engaged in renewable solutions in packaging, ...
Tags: Stora Enso, pulp, paper
For the first fiscal quarter ended April 30, 2015, net revenue at Egyptian apparel retailer Arafa Holding climbed 9 per cent over the same period of previous fiscal. Arafa Holding reported net revenues of $62.0 million during the first ...
Tags: apparel, Arafa Holding
Kewal Kiran Clothing, a marketer of Killer, Lawman and Easies denim and apparel brands, reported an 18 per cent year on year surge in net sales for the fourth fiscal quarter ended March 31, 2015. In a BSE filing, the Kewalchand Jain led ...
Tags: Kewal Kiran Clothing, denim, apparel
Orkla has reported a 10% increase in operating profit , totalling NOK 725m in the first quarter of 2015. The Branded Consumer Goods business achieved EBIT (adj.) of NOK 769 million, an improvement of 11% from the first quarter of 2014. ...
Tags: Orkla, Hydro Power
Johnson Outdoors Inc. reported net sales increased 7 percent to $133.1 million in the fiscal second quarter ended April 3 compared to a year earlier, driven by growth at it Marine Electronics, Watercraft and Outdoor Gear units. Foreign ...
Tags: Johnson Outdoors, Sports Wear
Dorel Sports sales grew approximately 3 percent in currency-neutral terms in the first quarter ended March 31 as success overseas was tempered by the U.S., where bicycle sales slipped below year ago levels in January but got back on plan in ...
Tags: Dorel Sports, Sports Wear
On a GAAP basis, operating profit surged 25 per cent to $90 million while earnings per share (EPS) rose higher by 30 per cent to $0.13, both up from the year ago quarter at HanesBrands in the first fiscal quarter ended April 4, 2015. ...
Tags: GAAP basis, Hanes
In constant currency, sales at UK fashion retailer Primark were 15 per cent ahead from the first half of fiscal 2014, for the 24 weeks period ended February 28, 2015,. At actual exchange rates and as a result of the weakening of the ...
Tags: fashion retailer, Primark
Driven by redemption of $0.5 billion of preferred securities in December 2014, net income at NYSE listed Kimberly-Clark (K-C) was knocked down by 35.71 per cent year on year in the first quarter ended March 31, 2015. According to a K-C ...
Tags: Kimberley Clark, Q1 Net Income
Volkswagen has secured a €400m loan from the Export Development Canada (EDC), to facilitate expansion of its operations in southern US and Mexico. The financing will allow the automotive giant to offer business opportunities to small ...