The adidas Group confirmed its Route 2015 targets which forecast sales of € 17 billion and an operating margin of 11% in 2015 at the 2013 Investor Field Trip in Herzogenaurach. In addition, the senior management of the Group shared ...
Tags: Adidas Group, Apparel
Hellman & Friedman, a private equity investment firm has reached an agreement to acquire insurance software provider Applied Systems, from Bain Capital, in a transaction valued at nearly $1.8bn. Other parties who will also invest the ...
Tags: Hellman&Friedman, Applied Systems, $1.8bn
Parallel Energy Trust (TSX:PLT.UN)(TSX:PLT.DB) ("Parallel" or the "Trust") today announced its capital expenditure plans, and production and cash flow guidance for 2014.Based on the midpoint of the Trust's 2014 production guidance, Parallel ...
Tags: Metallurgy, Mineral, Energy
Archer Daniels Midland Company today announced a package of additional commitments related to its proposed acquisition of GrainCorp Limited. Key elements of that package are: An additional A$200 million investment to strengthen ...
BlackBerry's chief operating officer, Kristian Tear, and chief marketing officer, Frank Boulben, have both left the company with immediate effect, while chief financial officer Brian Bidulka will leave at the end of the financial year, the ...
Tags: exec, BlackBerry, management, shake-up
BlackBerry has continued its clear out of top level staff by removing COO, Kristian Tear, and CMO Frank Boulben. Interim CEO, John Chen, who was appointed on November 4 after the ousting of Thorsten Heins, hasn’t hesitated to pull ...
Engineers from Bosch Rexroth said “Open Core Engineering”, a software which connects automated machinery and IT, is “generation 4.0” in food production technology. The tool, accessible from iPhones, Google Androids ...
Tags: VIDEO, Bosch, debut, phone, trigger, software, Europack
Sophos has released results of a study which shows some alarming findings on senior management’s knowledge of security procedures in SMBs. Risk of an Uncertain Security Strategy, conducted by Ponemon Institute and Sophos, ...
Tags: Sophos, SMB Managers, IT Threats
Shuanghui International, a Chinese food giant, is seeking to raise up to $6bn through an initial public offering (IPO) in Hong Kong in the second quarter of 2014. The Chinese firm recently acquired US-based hog and pork processor ...
Tags: Shuanghui International
Advanced Sports International, parent company of Fuji, SE, Kestrel, Breezer and Oval Concepts, has hired Ellen Johnson as its senior product manager. Johnson comes to ASI with more than 30 years working in product and business development ...
Tags: Transportation, bike
Textured Jersey Lanka PLC (TJL) reported a 68% year-on-year bottom line growth for the quarter ended 30th September 2013 (2Q FY2013/14), continuing on its impressive performance. The company reported a net profit of Rs. 263mn for 2Q ...
Tags: Textured Jersey Lanka, Textile
Europe's economy is in the doldrums. Yet companies are still looking to the future with a positive mindset. 76% of survey respondents expect a return to robust economic growth in 2015. But the prospects for European competitiveness are not ...
Tags: Competitive Edge, Europe's economy
Two industry experts at the Surface Transportation Summit examined a new approach to sales. The STS welcomed Jeff Pries, Senior Vice President in Sales and Marketing for Bison Transport and Thibor Shanto, Principal for Renbor Sales ...
Tags: Transportation, Auto
AkzoNobel intends to introduce a streamlined management structure and new operating model for its Decorative Paints business in order to accelerate profitable growth in Europe and the high growth markets. The planned changes represent the ...
Tags: AkzoNobel, Deco Business
San Francisco-based private equity investment firm Hellman & Friedman has acquired Chicago-based insurance brokerage firm, Hub International, from Apax Partners, in a transaction worth approximately $4.4bn. Commenting on the transaction, ...
Tags: insurance, investment funds