Thoresen Thai Agencies Public Company (TTA) has acquired nine percent stake in Chinese canned food maker Sino Grandness Food Industry Group for around S$24.5m ($18.3m). The acquisition forms a part of TTA's long-term diversification and ...
Tags: water chestnut, sweet corn, fruit, vegetable juices, Agriculture
Mercedes-Benz USA today announced that it will relocate its corporate headquarters to Atlanta, Georgia, in a move designed to better serve its growing customer base and strengthen the company's position for long-term, sustainable growth. ...
Tags: temporary facility, interim basis, Auto
Ecommerce, which created a buzz in the Indian retail market last year, is likely to further grow in 2015, given the growing number of Internet users in the country, which is already estimated to have touched 250 million. Although ...
Tags: retail market, e-retail space, Apparel
Volkswagen's Audi division plans to spend nearly €24bn ($29.3bn) on new models, plants and technology over the next five years, an increase of €2bn from the previous planning period. Audi said it is expanding the 'biggest ...
Tags: New Models, Plants, Technology, Auto
RIA Novosti reported that global steel output in the first 11 months of 2014 was 1.498 billion tons, increasing 1.8% on year. China produced 749 million tons of steel, up 1.9% on year, ranking first. Russia followed China with 64.794 ...
Tags: Steel Production, steel output
Rolls-Royce Motor Cars has commenced the construction on the company’s new Technology and Logistics Centre at Bognor Regis, UK. The 30,000m2 centre expected to be operational in early 2016, will consolidate current logistics ...
Tags: inbound warehouse, Logistics Centre, Auto
Mid-market pan-European investor Aurelius has acquired Europe's leading ethical plastic bottle recycler Eco Plastics for an undisclosed amount. With this investment, Aurelius will supply its highly specialised operational improvement ...
Tags: Plastic Bottle, Eco Plastics, Agriculture
Sports Direct International Plc reported group revenue rose 6.5 percent to .43 billion in the 26 weeks ended Oct. 26. The UK-based retailer, which has been acquiring retailers across Europe, reported revenues at its Sports Retail division ...
Tags: Premium Lifestyle, Sporting Goods
China's export was far less than expected in November, crude oil and other commodity prices tumbled to the unexpectedly sharp drop in imports, the trade surplus hit a record high. China's economy is facing more downward pressure. China's ...
Tags: China's export, crude oil
PepsiCo has announced two leadership appointments that further strengthen the company's management team. Enderson Guimaraes, currently CEO, PepsiCo Europe, has been named EVP, Global Categories and Operations, PepsiCo. He will be ...
Tags: PepsiCo, Snacks, Beverage, Agriculture
The International Labour Organisation (ILO) and the Governments of the United States, Myanmar, Japan and Denmark have together launched the Initiative to Promote Fundamental Labour Rights and Practices in Myanmar, this month. The ...
Tags: Labour Rights, international labour standards, Apparel
Perry Ellis International reported sales declined 5.3 percent in the third quarter to $203.3 million, but managed to cut its loss in the period to $437,000, or 3 cents a share, from $3.0 million, or 20 cents, a year ago. Executives said ...
Premium Brands, a producer, marketer and distributor of branded specialty food products, announced its results for the third quarter of 2014. * Revenue for the quarter increased by 15.2% to $330.4 million as compared to $287.0 million for ...
Tags: Premium Brands, Adjusted EBITDA, Agriculture
Esprit, an international fashion brand, has selected Mindtree, a global technology solutions provider, to deliver IT solutions to support Esprit’s SAP applications suite. Esprit has selected Mindtree as its strategic partner to ...
The Boston Beer Company reported third quarter 2014 net revenue of $269.7m, an increase of $53.3m or 25% over the same period last year, mainly due to core shipment growth of 23%. Net income for the third quarter was $37.9 million, or ...