Pershing Square, a hedge fund run by investor Bill Ackman, has sold 20 million shares of US-based confectionery giant Mondelez International. Following the sale, the investor now owns only a 5.6% of the confectionery company. In a ...
Tags: Pershing Square, Bill Ackman, Mondelez
The NPD Group has revealed that Star Wars led the US toy market to a 6.7 per cent growth following the launch of the franchise's toys on Force Friday. Star Wars stormed to the top of the toy charts last year, having generated more than ...
Tags: Star Wars Toy, toy market
The two will develop multi-platform content inspired by Mattel hit Bob the Builder, Fireman Sam, Little People and Polly Pocket properties. Mattel has entered into a long-term partnership with DHX Media to develop and distribute a raft of ...
Oscar-winning Crouching Tiger, Hidden Dragon took audiences by storm when it was released 15 years ago. Now, 15 years after Ang Lee's international hit won four prizes at the 73th Academy Awards, the impressive Chinese wuxia (martial ...
Tags: Oscar-winning, Crouching Tiger, Filmmaking
Cinema typically prospers during slowdowns, and insiders think new films will turn box offices to gold, Xu Fan reports. China's box-office chart has seen new records set frequently in recent months. The latest big high-this year's first ...
Tags: Movies, box offices
US based automotive retailer, AutoNation will not sell, lease or wholesale any new or used vehicle that falls under open safety recall. AutoNation is one of the largest automotive retailers in the US with 293 vehicle franchises across the ...
Tags: AutoNation, retailer, safety recalls
Hindustan Unilever Limited (HUL) has entered into an agreement for the sale and transfer of its bread and bakery unit, which functions under the name of Modern to Nimman Foods for an undisclosed amount. Nimman Foods is an investee company ...
Global Brands Group Holding Limited, which owns long-term rights to the Sypder snow sports brand, reported sales declined 5 percent to $1.28 billion for the six months ended June 30 largely due to pruning of under performing brands and ...
Tags: apparel, footwear, fashion accessories
Adidas, which had earlier this year announced its 2020 strategic business plan, has now unveiled an additional business plan for three of its key categories, namely, Football, Running and Originals. Within this new framework, each of the ...
Tags: Adidas, Football, Running and Originals products, footwear
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 ...
Ben & Jerry's Homemade, a subsidiary of Unilever, is working on a dairy-free ice cream, which is expected to be launched in the market next year. The company will replace milk as base by using either coconut milk or almond milk to make ...
Tags: Ice Cream, dairy-free ice cream
US based multinational Berkshire Hathaway has completed the acquisition of Van Tuyl Group, a privately-held auto dealership chain. Following the deal, billionaire Warren Buffett owned company will create of Berkshire Hathaway Automotive ...
"Disney Pixar’s Cars continues to be one of our most popular franchises and we look forward to delighting fans with this new range." Disney is launching Cars Ice Racers, a fresh new look for one of its most popular product lines, ...
Tags: Disney, product lines, Toys
American fast food restaurant chain Subway has announced an investigation over a media report in China alleging that workers at a Beijing franchise manipulated food labels. The report said that workers in Beijing Subway outlet doctored ...
Tags: Subway, vegetable products
The Cutrale and Safra Group has extended its previously announced tender offer for the acquisition of US-based banana producer Chiquita Brands International until 12:00 midnight, New York City time, at the end of the day on January 5, 2015. ...
Tags: farming, processing, technology, sourcing, Agriculture