Australian wholesaler and distributor of groceries and hardware products Metcash Limited (Metcash) has announced a drop in its Underlying Profit after Tax of 9 per cent, to $101.7 million, which it said was due to “ongoing operating ...
Tags: hardware products, groceries, Agriculture
Steinhoff International said it has acquired a major stake in apparel retailer, Pepkor for R62.8 billion, which gives the budget furniture firm entry in to Africa's fast-growing garment markets. The South African furniture maker purchased ...
Tags: garment markets, furniture maker, Apparel
Monte Carlo Fashions Ltd, a marketer and retailer of woollen and cotton apparels is coming out with an IPO to raise around Rs 350 crore through a book building process. The promoters led by Jawahar Lal Oswal of Oswal Woollen Mills and ...
The Toll Group (Toll) has announced a range of transactions to “drive improved returns for shareholders and rationalise its portfolio of businesses”. The actions announced today by Toll include: Earning more money off its ...
Tags: marine freight business, Service
Fairfax Media claims supermarket growth focus on ‘Junk’ food and cigarettes – confidential data leaked Fairfax Media’s Sydney Morning Herald and The Sunday Age over the weekend have published their analysis of ...
Tags: milk, Cigarettes, Agriculture
Retail Food Group acquisition of La Porchetta collapses Australia’s largest multi-brand retail food franchisor and leading wholesale coffee roaster, Retail Food Group Limited (RFG) has announced that a deal to acquire the 70 ...
Tags: Retail Food, casual dining, Agriculture
UDG Healthcare, a drug distribution company, will spend €24m on boosting the capacity of its US packaging plants to meet growing demand in the market. The group generated profits of around €71m in the financial year ending on 30 ...
Tags: drug distribution company, Packaging Plants, Agriculture
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
India’s annual rate of inflation, based on monthly wholesale price index (WPI), dropped to a five-year low of 1.7 per cent for the month of October, 2014 (over October, 2013), according to the provisional data released by the Office ...
Tags: annual rate of inflation, consumer price index, Apparel
Pan-African agricultural company Agriterra said its performance is demonstrating a trend towards profitability. For the year to the end of May, pre-tax losses totalled $5.6m, down from a re-presented $6.5m last time. Revenues fell to ...
Tags: Mozambique, beef, agricultural
New Zealand dairy co-operative Westland Milk Products will build a new $40m ultra-high-temperature (UHT) treated long life milk plant at Rolleston manufacturing center. The proposed investment is said to be the company's first venture ...
Tags: Milk Products, milk dryer, Agriculture
UK-based Plastics Capital has agreed to acquire packaging manufacturer, Flexipol Packaging, for a maximum consideration of £10.64m. Based in Lancashire, Flexipol produces plastic packaging products like vacuum bags, block bottom ...
Europe-based corrugated packaging provider DS Smith will be acquiring Spanish corrugated board producer, Andopack for about £35m. DS Smith said that with this strategic investment, the company would get a direct access to Spain's ...
Tags: Spain's Andropack, corrugated board producer, Agriculture
South Australia's family-owned brewery, Coopers, said it experienced ongoing growth during the 2013-14 financial year with record sales and turnover figures. Its profits, however, dropped by 9.1%. Coopers is now the largest ...
Home furnishing retailer IKEA has announced total sales of £1.4b in the UK for the financial year ending 31st August 2014, an increase of 11.3% on the previous year. Following an ambitious pledge last year by UK country retail ...
Tags: IKEA, furnishing