Monte Carlo Fashions Ltd, a marketer and retailer of woollen and cotton apparels is coming out with an IPO to raise around Rs 350 crore through a book building process. The promoters led by Jawahar Lal Oswal of Oswal Woollen Mills and ...
Abraaj Investment Management has raised its offer to acquire Egyptian cake and biscuit maker Bisco Misr to $129.6m. The move comes after breakfast cereal maker Kellogg's offered $127.06m for the biscuit producer, Reuters reported. ...
Tags: cake, biscuit, Agriculture
French yogurt maker Danone is contemplating sale of its 20% stake in Tokyo based dairy-drink producer Yakult Honsha, which if materialised, can raise cash for any future acquisitions by Danone. Bloomberg reported that Danone already had ...
Tags: Danone, Yakult, Agriculture
Israeli apparel designer and marketer, Bagir Group said it has entered in to a deal to purchase a 50 per cent stake in Ethiopian clothing factory, Nazareth Garments. The deal which was negotiated for $1.5 million is subject to several ...
Tags: Ethiopian Garment, Apparel
Fiat Chrysler Automobiles (FCA) is expecting a drop of its net industrial debt by €715m if the Ferrari unit is spun off by the company. Reuters cited FCA's previous filing with the US market regulator SEC stating that it would ...
Tags: industrial debt, Ferrari, Auto
BackJoy Orthotics, LLC. has received a minority investment from Sandbridge Capital, which recently took a stake in Rossignol. BackJoy is best known for its SitSmart Pro seat accessory that supports the back but has expanded into footwear, ...
Tags: sports bras, sports apparel, Sporting Goods
The Toll Group (Toll) has announced a range of transactions to “drive improved returns for shareholders and rationalise its portfolio of businesses”. The actions announced today by Toll include: Earning more money off its ...
Tags: marine freight business, Service
Fair Friend Group recently set up with its local agent in India a 50-50 joint venture, Feeler Cosmos, to make machining centers for the Indian machine-tool market, which is projected to bring in NT$5 billion (US$166.6 million) in revenue by ...
Tags: Joint Venture, Manufacturing
Irish meat processor Dawn Meats has agreed to acquire 49% stake in Terrena’s beef processing arm Elivia, in a deal worth €40m. The move is in line with Terrena's strategy to boost its beef processing business outside its ...
The Hybrid Shop LLC (THS) has sold a 38% stake in its hybrid and electric vehicle conditioning business to an equity partner. Although THS declined to identify the equity partner, the company says it is a Northern Virginia investment firm ...
Tags: Equity Interest, electric vehicle conditioning business, Auto
Meat processor JBS Australia has agreed to acquire ham and bacon producer Primo Group, in a deal worth $1.45bn. The move is in line with the company's strategy to grow its presence in value-added products. Founded in 1985, Primo ...
The Grib diamond mine in Russia, owned by the somewhat unlikely candidate of oil supplier Lukoil, is arguably the most prospective of the new generation of diamond mines. Therefore, its launch of commercial mining earlier this year and the ...
Tags: Grib Diamonds, Diamonds
Net revenue in the first half of fiscal year 2014-15 ending September 30, 2014 skyrocketed 187 per cent from the same period of 2013-14 at Indian online fashion retailer, Jabong. According to Germany based Rocket Internet, which has a ...
Tags: fashion etailer, Apparel
Abraaj Investment Management has secured approval from the Egyptian Financial Supervisory Authority to acquire 51% stake in the nation's confectionery producer Bisco Misr for $119m. The company, which will pay £73.91 per share, will ...
French dairy producer Lactalis International has offered to buy the Egypt-based dairy firm Arab Dairy for LE66 ($9.20) per share. This new offer marks the highest price for share compared to the other potential buyers including Saudi ...
Tags: Arab Dairy, Acquisition Offer, Agriculture