An agreement has been reached to create the world’s third largest quick service restaurant company, merging North American-based beverages and baked goods restaurant Tim Hortons Inc. (Tim Hortons) with global burger restaurant Burger ...
Tags: Burger King, Tim Hortons, fast food
Australia’s largest multi-brand retail food franchisor and leading wholesale coffee roaster, Retail Food Group Limited (RFG) has announced a record Net Profit After Tax (NPAT) of $36.9 million for the 2014 financial year, an increase ...
Tags: Retail Food Group, coffee roaster
Campbell Soup Company today reported its fourth-quarter and full-year results for fiscal 2014. The company reported earnings from continuing operations for the quarter ended Aug. 3, 2014, of $137 million, or $0.43 per share, compared with ...
Tags: Agriculture, Food
At this year’s Super Mobility Week conference, Fleet Freedom debuts a new fleet and mobile resource management application. This flexible application works on Android, iOS and Magellan’s RoadMate Commercial devices. Fleet ...
All Pakistan Textile Mills Association (APTMA) chairman, Muhammad Yasin Siddik, has urged the Government of Pakistan to clear the outstanding tax refunds, as committed by the Federal Minister for Finance and Economic Affairs, Muhammad Ishaq ...
Tags: Textile, tax refunds, Apparel
Driven by mattress fabric sales, revenue at NYSE-listed Culp, Inc., one of the world's largest marketers of mattress fabrics for bedding and upholstery fabrics rose 8.4 percent in the first fiscal quarter ending August 3, 2014. Net sales ...
Tags: Textile, Mattress Fabrics, Fabrics
Chinese manufacturing activity growth slowed in August, losing momentum for the first time in six months after having hit its highest level in more than two years. The official purchasing managers index (PMI) came in at 51.1 last ...
Brazilian miner Vale has been freed from paying taxes on profits made overseas, according to a Reuters report. This is expected to provide an opportunity for Vale to demand a $10 billion refund on a settlement payment. According to media ...
Tags: Tax Dispute, Mineral, miner
The China Association of Metalscrap Utilization has been lobbying the central government to lower the 17% tax on steel scrap sales to help increase its utilization in steelmaking, CAMU Secretary General Li Shubin said at the 7th China ...
Tags: Steel Scrap, Metal, Mineral
Heineken has sold its Mexican packaging business Empaque to Crown Holdings for $1.225bn, in a bid to reduce its net debt by the end of this year. The company said the proceeds from the sale will be used to reach the target of bringing ...
Tags: Heineken, packaging business
Led by a decline of 9% in US sales, net sales at NYSE-listed apparel retailer Abercrombie & Fitch Co slipped 6% year on year in the thirteen weeks to August 2, 2014. In the second fiscal quarter of 2014, revenues at Abercrombie & Fitch ...
Tags: Abercrombie&Fitch, Apparel
Despite a 50% growth in the North American online business, net earnings crashed 50.5% year-on-year at lifestyle apparel retailer Guess Inc in the second fiscal quarter ending August 2, 2014. For the second quarter of 2014, Guess ...
Aussie apparel retailer Billabong International Limited was able to significantly reduce its net loss in the fiscal year ending June 30, 2014, when compared with fiscal year of 2013. Including significant items and discontinued ...
The National Board of Revenue (NBR) has decided to run a check on the tax payment of foreign workers in the garment factories in Bangladesh. The board has asked its field officers to prepare a list of workers who are illegally working in ...
Tags: NBR, Foreigners, Apparel
Burger King has confirmed the acquisition of Tim Hortons, the Canadian coffee and doughnut chain, for about $11bn, following an approval from the boards of directors of both companies. The deal will create the world's third-largest ...
Tags: Burger King, Acquisition, Food