The Chinese subsidiary of Hong Kong based Li & Fung signed a strategic partnership with two of China’s largest retail groups, Shanghai Bailian Group and Beijing Wangfujing Department Store. A Li & Fung press release informed that ...
Tags: Li&Fung, children's wear
Italian chocolate producer Ferrero has agreed to acquire Thorntons, in a cross-border deal that values the British chocolate maker at around $177.7m. Ferrero will make the transaction through its subsidiary Ferholding, which has been ...
Austria-based plastic packaging firm Greiner Packaging has grabbed 51% majority stake in Teknik Plastik and Teknik IML, both of them from the Ozata Group, capturing the market for rigid plastic packaging for dairy products in Turkey. ...
Tags: Greiner Packaging, Packaging
Automobile major Chevrolet will add six low cab forward medium-duty truck models to its product lineup in the US next year to re-enter the commercial segment. The variants - Chevrolet 3500, 3500HD, 4500, 4500HD, 5500 and 5500 HD - will ...
Tags: Chevrolet, Forward Truck
US-based Goodyear Tire & Rubber Company has decided to part ways with Japanese Sumitomo Rubber Industries on the global front, bringing an end to the alliance formed in 1999. Both the companies have inked an agreement that would address ...
Tags: Tire, Tyre, Auto Parts, Goodyear Tire
Epson Italia S.p.A., an Epson Group company has bought the remaining stake and fully acquired For.Tex S.R.L., a leader in the textile printing industry. Epson Italia which had purchased a 50 percent stake in For.Tex in 2012 completed the ...
Tags: Epson, textile printing
Global management consulting firm A.T. Kearney's Global Retail Development Index (GRDI) 2015 shows that C. China's GDP growth of 7.4 per cent in 2014 was its lowest in a quarter century. Yet, relative to other developing markets, its ...
Tags: Retail, China Retail, Economy, Service
Smithfield Foods, a subsidiary of WH Group, has divested its 37% stake in Campofrio Food Group to Mexican firm Alfa for $354m. Based in Spain, Campofrio offers processed and canned meat, derivatives from pork and beef by-products, and ...
Remington Outdoor Company reported sharply higher losses in the first quarter ended March 29 as sales declined by $53.9 million, or 21.2 percent. The country's largest manufacturing of firearms said sales reached $201.3 million compared ...
Tags: Remington Outdoor, Sporting Goods
Praedium, the Spanish investment Group which owns Nylstar, a producer of polyamide yarns and fabrics, has acquired acrylic fibre manufacturer Montefibre Hispania SA. Praedium has invested €2 million to acquire a 90 per cent stake in ...
Tags: Praedium, Acrylic Fibre
Soitec of Bernin, near Grenoble, France, which makes engineered substrates including silicon-on-insulator (SOI) wafers, has announced a definitive agreement to sell its solar system business - including all technology assets and ...
Tags: Soitec, Core Semiconductor
US-based beverage company Iconic Brands has acquired a majority stake in BiVi, a distributor of premium Sicilian Vodka. With this deal, Iconic is aiming to focus on the premium spirits market. The firm believes that BiVi acquisition is ...
Tags: Iconic Brands, beverage
Tradin Organic Agriculture, a subsidiary of SunOpta, has increased its stake in organic sesame supplier Selet Hulling to 76%. Tradin, which operates as part of SunOpta's global ingredients division, previously held a 35% stake in Selet ...
Tags: Tradin Organic, organic sesame
Arla Foods has agreed to form a joint venture (JV) with Egypt-based dairy company Juhayna to sell its products in the country. The JV will add cheese, butter and infant formula to Juhayna's existing product portfolio including ...
Tags: Arla Foods, Dairy Product
Arvind Brands and Retail Ltd, the Indian partner of the US-based fashion retailer Calvin Klein Inc, has picked Parag Dani to head the latter’s business in India, according to media reports. Prior to this appointment, Dani ...
Tags: Arvind Brands, fashion retailer