US-based private equity firm KKR has committed to invest INR520 crore in India’s dairy company Kwality to support is growth plans. Kwality will utilise the funds for capital expenditure purposes to further strengthen its milk ...
Tags: INR520 Crore, private equity
Foreign direct investment (FDI) into the Chinese mainland rose 9.7 percent year on year to 15.23 billion U.S. dollars in June, the Ministry of Commerce said on Tuesday. This compared with a 1-percent decline registered in May. In the ...
Tags: FDI, China's FDI
Inventions Oasis is seeking a joint venture partner to help bring to market a new patent-pending product – the Sav–A-Lot – a commercial-grade, milk and sugar dispenser designed for coffee shops and fast food restaurants. ...
Tags: Inventions Oasis, Milk, Sugar Dispenser
Kering chairman and chief executive Franis-Henri Pinault told the Financial Times that Puma was not for sale for the time being. He further said the company, which also owns a number of luxury brands including Gucci, Bottega Veneta and ...
Tags: YakKering, Puma, sports brands
The Netherland-based companies have formed a consortium to develop protein-rich foods amid growing demand for the products. The four firms in the consortium include NIZO food research, RoyalFrieslandCampina, Ruitenberg Ingredients and ...
Volkswagen has adopted a new strategy to become a lead in sustainable mobility by bringing out more than 30 new e-vehicles by 2025. In order to achieve these goals, the Board of Management - with the approval of the Supervisory Board - ...
Tags: Volkswagen, pact for the future, BEVS
Philippines-based beverage maker Asia Brewery has entered into an agreement with Dutch beer producer Heineken International to brew Heineken brands in Philippines. The financial terms of the deal have not been disclosed. The partnership ...
Tags: beverage, Asia Brewery, Heineken
Archer Daniels Midland Company (ADM) has acquired the remaining 60% stake in Brazilian natural extracts manufacturer Amazon Flavors. The financial details of the transaction have not been disclosed. ADM's WILD Flavors and Specialty ...
Tags: Amazon Flavors, natural extracts
True Zero has opened a hydrogen-fuel station in California, US. Snipping the ribbon in front of the True Zero dispenser at Conserv Fuel, 150 S. LaCumbre Road, included: Aeron Arlin-Genet, District Director & Air Pollution Control Officer, ...
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
Petainer UK Holdings has completed the transaction with KKR Credit for a €100m debt and equity investment. The funding from KKR Credit is being used to refinance the Company's capital structure and also finance the implementation of ...
Tags: KKR Credit, Petainer
Canadian yeast and bacteria specialist Lallemand has acquired surface and ripening cultures business from DSM Food Specialties for an undisclosed sum. The surface and ripening cultures businesses will be integrated into Lallemand's ...
Tags: Lallemand, Ripening Cultures
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 ...
Under Armour Inc. reported revenues in the first quarter increased 30 percent in the first quarter of 2016 to $1.05 billion compared with net revenues of $805 million in the prior year's period. Wall Street's average expectation was $1.04 ...
Tags: Under Armour, Revenues
Nordstrom, Inc. (NYSE: JWN) plans to eliminate approximately 350 to 400 positions by the end of the second quarter to reduce costs by approximately $60 million in fiscal 2016. In an announcement Monday, the Seattle company said the cuts ...
Tags: Nordstrom