US-based private equity firm Wind Point Partners has acquired Evans Food Group and its subsidiaries. The financial terms of the deal have not been disclosed. Evans Food Group, which was founded in 1947 and acquired in 1985, is the maker ...
Tags: Wind Point, Evans Food, Pork Rind Snacks, Acquisition
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
Constantia Flexibles announed that strong sales growth resulted from all business divisions and was achieved primarily by strong volume increases in all regions. Constantia Flexibles, one of the world's leading flexible packaging and ...
Tags: Constantia Flexibles, Sales, Earnings
China's central bank continued to pump money into the market to ease a liquidity strain this week. The People's Bank of China (PBC) conducted 395 billion yuan (61.16 billion U.S. dollars) of seven-day reverse repurchase agreements (repo) ...
Tags: liquidity strain, PBC
Fuwei Films, a manufacturer and distributor of high-quality BOPET plastic films in China, will report its financial results for the fourth quarter and full year of 2015 on 7 April 2016 after the close of the market. The Company will host ...
Iconix Brand Group Inc. reported a loss of $263 million, or $5.44 a share, after charges of $402.4 million to writeoff the company's trademarks and goodwill. Over 90 percent of the impairment is related to the company's men's business ...
The Square Mile Relay is being brought to New York's Financial District for the first time, set to take place April 21. The relay race will feature more than 100 teams from leading financial institutions who compete to win a $10,000 ...
Coles has been a focus of the TWU’s road transport campaign promoting ‘Safe Rates’. The Transport Workers’ Union has lodged an application at the road safety watchdog to force major retailers to pay transport ...
Tags: TWU, Coles, Safe Rates, Retail front
Apple is reportedly the latest company to ditch Amazon and adopt Google for its cloud computing needs. Amazon Web Services and Microsoft's Azure are the two biggest cloud computing platforms in the world, and are where the vast majority ...
Tags: Apple, Google, Cloud services
Home Retail Group has issued a trading statement for the eight weeks to 27th February 2016, a turbulent time for the company given the imminent sale of Argos and Homebase (the latter now completed). Chief executive John Walden ...
Tags: Home Retail Group, Argos
Finnish food company Atria is entering Swedish poultry business by acquiring Lagerberg i Norjeby (Lagerbergs). The financial terms of the deal have not been disclosed. Through this deal, the company is purchasing the entire share ...
Tags: Atria, Swedish Poultry, Aquisition
Jack Link’s Protein Snacks has acquired meat snacks unit of Grass Run Farms, which produces grass-fed beef snacks and fresh meat products. The deal also includes trademark and distribution rights for Grass Run Farms beef snacks. ...
Tags: Jack Link, Snacks, Grass Run Farms
General Motors announced that it is acquiring Cruise Automation, a startup company that makes self-driving kits for certain types of cars. With this deal, General Motors will add Cruise Automation's software talent and rapid ...
The Spring Festival finished as the Lantern Festival ended. We should start to work after the wonderful festivals. Weichai Group made new breakthrough in its running in the last year by overcoming the sluggish market, further developing ...
Tags: Overseas Market, truck
Adidas Group reported a narrower loss in the fourth quarter as gross margins expanded and currency-neutral sales jumped 12 percent, driven by accelerated momentum at both Adidas and Reebok. On a currency-neutral basis, sales grew 16 percent ...
Tags: Adidas Group, Reebok