Impacted by foreign exchange fluctuations, NYSE listed, apparel marketer, Gap Inc reported flat sales growth in the third quarter of fiscal 2014-15 as against the same period of previous fiscal year. For the third quarter of 2014, Gap net ...
Tags: Sales Growth, Exchange Fluctuations, Apparel
The US state of Ohio has passed a bill that will impose a ban on the sale of powdered alcohol product, Palcohol, across the state as it may cause health risks on consumption. The Palcohol is a white powder, which when mixed with water can ...
GTM (Grupo Transmerquim, S.A.), the second-largest chemical distributor in Latin America, has announced that its founding shareholders have signed a definitive agreement to transfer control of GTM to Advent International, one of the largest ...
Tags: chemical distributor, Construction
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
One of the biggest vertically integrated textile mill groups in India, Alok Industries said it is planning to raise Rs 2,000 crore by selling land and in the process pare debt. Alok is also hoping to double exports in the next three ...
Tags: Pare Debt, Alok Industries, Textile
Ecommerce sales in the third quarter of 2014 accounted for 6.6 per cent of total retail sales, on adjusted for seasonal variation but not for price changes basis, the Census Bureau of the US Department of Commerce has announced. During ...
Tags: Ecommerce sales, Retail Sales, Apparel
Nampak will sell its paper business to Ethos Private Equity on behalf of the Ethos Fund IV for around $14m (R1.575bn). The sale will include Nampak's corrugated, sacks and tissue divisions, but will exclude its shareholding in Sancella ...
Tags: Paper Business, Private Equity, Agriculture
Alonzo Pierce, CEO of Top Shelf Brands Holdings, s pleased to announce that the company received notice from the Alcohol and Tobacco Tax and Trade Bureau (TTB) that its Advertising, Labeling and Formulation Division (AFLD) has approved, ...
Tags: Tequila Flavor Recipe, Agriculture
India's leading food company Britannia Industries has reported Q2 consolidated revenue of Rs.1,955 crores (PY - Rs.1,740 crores), which is a growth of 12.4%. For six months ended 30th September 2014, consolidated revenue was Rs.3,728 ...
Tags: Britannia Industries, Agriculture
The European Commission has adopted protective measures in order to control and prevent the avian influenza from spreading within the affected member states to other states and to third countries while minimising disturbance to trade. ...
Tokyo-based Mitsubishi Electric Corp has launched its large hybrid silicon carbide (SiC) transfer-mold dual in-line package intelligent power module (DIPIPM), which incorporates a SiC Schottky barrier diode (SBD) and seventh-generation IGBT ...
Tags: hybrid silicon carbide, dual in-line package intelligent power module
Finnish food company Raisio Group has acquired the Benecol business in the UK, Ireland and Belgium from Cilag, a subsidiary of Johnson & Johnson. Owned by Raisio Group, the Benecol brands' license to sell and market the products was given ...
The key to the future of the wool sector, is a combined approach across the wool supply chain, beginning from farmers to traders to manufacturers, delegates at British Wool Marketing Board’s (BWMB) conference were told last week. ...
Tags: wool supply chain, British Wool Marketing Board, Textile
Aussie apparel and footwear marketer, Pacific Brands said it has entered into three unconditional agreements to sell its Brand Collective business in the footwear, apparel and sport categories. “Gross proceeds from the transactions ...
Tags: Aussie apparel, footwear marketer, Apparel
Global drinks major PepsiCo has offloaded its entire company-owned bottling operations in North India to its franchisee bottling partner Varun Beverages. The divestment is expected to enable the company to move forward in its fight with ...
Tags: PepsiCo, bottling operations, Agriculture