Associated British Foods (ABF) is reportedly contemplating the sale of its unprofitable sugar business in China to remain focused on its sugar operations in Europe and Africa. For this purpose, the food company has invited bids for five ...
Tags: Unprofitable Sugar, Sugar
For full-year 2015, Riber S.A. of Bezons, France, which manufactures molecular beam epitaxy (MBE) systems as well as evaporation sources and effusion cells, has reported revenue of €12.8m, down 23% on 2014's €16.6m. This is due ...
Spice manufacturer McCormick & Company has acquired Australia-based packaged herbs manufacturer Botanical Food Company in an all-cash deal worth $114m. The acquisition will expand McCormick's existing branded herb portfolio with the ...
Almarai Company has evinced interest in acquiring a controlling stake in UAE-based National Food Products Company (NFPC). NFPC has initiated the competitive sale process for part of its share capital and has informed Almarai to progress ...
Tags: NFPC, National Food Products Company, Almarai, Acqusition
China's retail sales of consumer goods increased 10.3 percent in the first quarter year on year, official data showed on Friday. The first-quarter reading was 0.4 percentage points lower than that recorded in the whole of last year, ...
Tags: consumer goods, economic growth
US-based food wholesaler Innovative Bites has acquired UK-based sweet maker Bonds of London for an undisclosed amount. The acquisition is part of Innovative Bites' long-term growth strategy to become a major confectionery supplier in ...
On 23 February 2016, Wesfarmers announced a restructuring of Kmart and Target into a single Department Store division, led by Guy Russo as chief executive officer and Marina Joanou as finance director. On 24 March 2016, it was brought to ...
Tags: Wesfarmers, Kmart, Target, Guy Russo, Marina Joanous
Pacific Sunwear of California, Inc. entered into a restructuring support agreement (RSA) with affiliates of Golden Gate Capital, the holder of its secured term loan provider under the company's financing facilities. In conjunction with the ...
Tags: Pacific Sunwear, RSA, Golden Gate Capital, Bankruptcy
The results from Dun & Bradstreet’s March Business Expectations Survey have highlighted a second consecutive decline in expectations, with businesses issuing subdued forecasts for the three-month period to June 2016, despite reporting ...
Tags: Dun&Bradstreet's March Business Expectations Survey, BEI
The Semiconductor's business unit of Raytheon UK in Glenrothes, Scotland (a subsidiary of Raytheon Company of Waltham, MA, USA) and Newcastle University's School of Electrical and Electronic Engineering have collaborated to produce silicon ...
Tags: Raytheon, Newcastle University, Sic-Based Analog Circuitry
Jarden Corporation reported operating earnings at its sporting goods segment plunged 82.4 percent last year due primarily to impairment charges it took in its winter sports business in the fourth quarter ahead of its acquisition by Newell ...
Tags: Jarden Corp., Acquisition, Sports Assets
The Google Fiber home broadband initiative is bringing gigabit internet speeds to many households in the United States. But as rooted as Fiber is in the future of home communications, there’s also an eye on what many have come to ...
Tags: Google Fiber, Landlines
French dairy processing company Saputo is planning to close three manufacturing facilities in Canada located in Sydney (Nova Scotia), Princeville (Québec) and Ottawa (Ontario). The plant closures are expected to take place in ...
Tags: Saputo, Manufacturing Plants
The Finish Line Inc. reported earnings for the fourth quarter before non-recurring items fell 11.6 percent to $36.5 million, or 83 cents a share. Earnings came in at the high end of its guidance calling for earnings between 78 and 83 cents ...
Tags: Non-adjustments, Q4 Profits, Finish Line
Yue Yuen reported revenues rose 5.3 percent to $8.43 billion in 2015, led by growth in its network of retail stores. Net pProfits grew 17.9 percent Highlights Revenue up 5.3 percent to US$8.43 billion for the year ended December 31, ...