HanesBrands has agreed to acquire the privately held Italian company Champion Europe, which owns the trademark for the Champion brand in Europe, the Middle East and Africa, in an all-cash transaction. The purchase price will be 10 times ...
Tags: Champion Europe, Hanesbrands, EBITDA
Ford has invested $170m at its Silverton Assembly plant in Pretoria, South Africa to manufacture new Ford Everest and Ford Ranger. The American car-maker says that this investment will create about 1200 jobs in Ford South Africa and in ...
Tags: Ford, Investment, Silverton Assembly Plant, Ford Everest, Ford Ranger
For many Australians, Frosty Boy soft serve ice cream is synonymous with summer days and childhood treats. If Chief Executive Officer Dirk Pretorius gets his way, this connection and affection towards the Frosty Boy brand will become ...
Tags: Frosty Boy, Ice cream, Dirk Pretorius, International expansion
The European Bank for Reconstruction and Development (EBRD) has agreed to make $100m equity investment in Egypt-based United Sugar Company (USC), which is also a subsidiary of Savola Group, to strengthen the agribusiness sector in the ...
Tags: EBRD, Investment, USC, United Sugar Company, Savola Group
Processing and packaging solutions provider tna has appointed Magdy El Dessouky as its new Australian general manager. El Dessouky has 15 years’ experience in customer service and business development, including various roles for ...
Tags: Tna, Appiontment, GM, Magdy EI Dessouky, General manager
Yogurtland’s big international flavor mixer, serving up sensational new flavors inspired by destinations from around the world, arrives once again when Yogurtland’s fourth annual Flavor Quest begins March 24. From March 24 to ...
For its fiscal third-quarter 2016 (to end-January), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported revenue of $309.2m, down 3.7% on $321.1m last quarter but up slightly on $306.8m a ...
Tags: Finisar
For the first time in Dubai and the Middle East, Instacar has launched its innovative technology driven services in the transport sector. The brainchild of UAE's new generation entrepreneur Mohammad Sharaf, launch of such a service comes ...
Mercedes-Benz introduces its V-Class multi-purpose vehicle (MPV) in China, which has been tailored to the needs of Chinese customers. Production at Daimler's local joint venture Fujian Benz Automotive Co. Ltd (FBAC) in Fuzhou has already ...
Tags: Mercedes-Benz, V-Class Vans, MVP
Austrian packaging firm Alpla Group has agreed to acquire a majority stake in Egypt-based Taba Group to expand operations in Africa and the Middle East. Both firms have signed a partnership agreement to form a joint venture, which will ...
Tags: Alpla, Taba Group, Aquisition
Indian food company LT Foods has entered into an agreement to acquire rice export business of consumer goods producer Hindustan Unilever (HUL) for around Rs250m ($3.76m). Under the deal, LT Foods will acquire two HUL brands - Gold Seal ...
Tags: LT Foods, Aquisition, HUL, Rice export business
The global aluminium aerosol cans market saw 5.4 billion aluminium cans produced in 2015, repeating the previous year’s record result. The International Organisation of Aluminium Aerosol Container Manufacturers' secretary general ...
The plan to launch China's first crude oil futures contract is facing more roadblocks as the Shanghai International Energy Exchange, or INE, comes under government review, a senior official close to the matter said Monday. "The target ...
Tags: Crude Futures, Crude Oil
Irish dairy company Ornua has opened a €20m cheese manufacturing facility in Riyadh, Saudi Arabia. The facility will produce white cheeses for the Saudi Arabian market, which is considered to be the fifth largest dairy importer in ...
Dairy company Fonterra has begun manufacturing cheese from its new slice line at Eltham plant in Taranaki, New Zealand, after adding new production lines at the facility with $30m investment. The dairy company has completed the 10 ...
Tags: Fonterra, Cheese, New prodection line, Eltham plant