Swedish confectionery and nuts company Cloetta has agreed to divest Cloetta Italy to Katjes International. The sale equals an Enterprise Value (EV) of approximately SEK 450m. The proceeds will generate a positive net cash effect of ...
Tags: Cloetta
Kush Bottles has hired a new sales and support team, led by Carmen Lam, to handle the rapidly growing legal cannabis market in Nevada. According to ABC News, recreational marijuana sales have exceeded expectations, with long lines outside ...
Tags: Kush Bottles, Bottles
French food group Danone has signed a binding agreement to sell its US dairy subsidiary, Stonyfield, to Lactalis for $875m. The price of the deal represents 20 times its earnings before interest, tax, depreciation and amortization ...
Unilever intends to enter into a strategic partnership with Zwanenberg Food Group. The partnership pertains that Unilever will sell its meat, sauce and can soup factory in Oss to Zwanenberg Food Group (ZFG) and that ZFG intends to ...
Heineken has offered to sell some of its pubs after the UK's Competition and Markets Authority (CMA) raised concerns about its acquisition of Punch Taverns. Earlier this month, the CMA stated that the Heineken’s acquisition of Punch ...
Advantis is scheduled to receive the custom made canning machine that N2Pack manufactured for them by the end of this month. The company is working to allow for the Amstercan packaging solution to set up mobile canning services with their ...
Tags: Advantis, Canning Machine
The number of iPhone 8 handsets available for purchase at launch may be more limited than usual, according to a new report. Every year, Apple announces an iPhone in September, and then proceeds to sell them by the bucketload. But this ...
Tags: iPhone 8, handsets, OLED panels
Nestlé USA has entered into a partnership with Rabobank and RocketSpace to support startups for the Terra Food + Ag Tech Accelerator program. Nestlé will collaborate with Terra and other corporate collaborators to select and ...
Tags: Food Industry, Nestle
Brazil-based meat processing company JBS has agreed to sell its beef operations in three South American markets to companies controlled by Minerva for $300m. Under the deal, JBS’ beef businesses in Argentina, Uruguay and Paraguay ...
Tags: Beef Operations, Minerva
Hoping for a Sony PlayStation Vita 2? Your luck is out, as one Sony exec pours cold water on the prospects of another handheld in the near future. When the PS Vita launched back in Japan in 2011 (and 2012 for the rest of us), the hype was ...
Conagra Brands (CAG) has signed an agreement to divest its Wesson oil brand to the J.M. Smucker (JMS). The transaction is subject to customary closing conditions, including the receipt of any applicable regulatory approvals. The ...
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Beyond Meat said it will expand US distribution of its Beyond Burger into the meat section of Safeway grocery stores. The ground-breaking burger’s expansion into Safeway marks a substantial push by Beyond Meat into the mainstream ...
Tags: Beyond Meat, grocery
The retailer will sell Gro sleeping aid, Ollie the Owl, which boasts crysensor technology to sooth little ones back to sleep. Mothercare is set to expand its toy offering, following a three-month deal with The Gro Company. Ollie the ...
Tags: Mothercare, toy
Sealed Air has announced financial results for first quarter 2017, as well as outlook for the complete year. Commenting on these results, Jerome A. Peribere, President and Chief Executive Officer, said, “2017 is a transformational ...
Tags: Sealed Air, Packaging
Square Enix has announced plans to sell Hitman developer IO Interactive after the beloved episodic stealth title failed to perform for the publisher. In a recent note to investors, the Japanese company confirmed they had made a loss of ...
Tags: Square Enix, Hitman