2 Sisters Food Group is reportedly negotiating to sell its Fox's Biscuits unit to Burton's Biscuits, which is owned by Ontario Teachers' Pension Plan. The sale, which is being advised by Rothschild could bring the valuation of 2 Sisters ...
Tags: 2 Sisters Food, Biscuits
Heineken’s subsidiary and Jamaican brewer Desnoes and Geddes (D&G), which produces Red Stripe, is planning to resume production of the beer in Jamaica by the end of 2016. The initiative is part of a bigger strategy of Heineken to ...
Tags: Red Stripe, Heineken
The first quality standards for pollution filter masks will take effect on March 1 in a bid to regulate the rapidly growing domestic market. The Group Standard on Protective Masks against PM 2.5 was released on Jan 18, with the goal to ...
Tags: Air Filter, filter masks
Food Standard Scotland (FSS) is considering a package of measures to tackle advertising, promotion and potion size of certain foods and drinks, which would be considered for taxation and regulation in order to improve Scottish diet. ...
Tags: Food Standard Scotland, package
Dunnes Stores has plans to acquire two meat wholesaling businesses -- Whelan Food & Meat Processors and Tipperary Sustainable Food Company - in Ireland. This moves comes after Dunnes Stores recently bought Café Sol chain of ...
Tags: Dunnes Stores, Meat Processors
General Motors has bought the assets and technology of ride-sharing provider Sidecar as the company gears up to address competition from companies like Uber. The company had recently invested $500m in Lyft, a ride-sharing provider. For ...
Tags: General Motors, Sidecar
Samsung has announced new security software for its 2016 line-up of Smart TVs running on the Tizen operating system. The new GAIA platform is described as a “powerful and comprehensive three-layer security solution.” ...
Tags: Samsung, New Security Tech, Smart TVs
Star Wars was not the only force making a come-back in 2015. The return of generic advertising brought with it a promise of increased profitability for the diamond trade. Even as numerous stories reflecting pain in the industry vied for our ...
Australian packaging company Amcor has acquired flexible packaging firm Deluxe Packages in a deal that is valued at around $45m. Deluxe Packages will be operated as part of Amcor's newly-formed Flexibles Americas business group. Based ...
Tags: Deluxe Packages, Packages
Israel-based ingredients company Frutarom has acquired 50% stake in Algalo Industries to fortify its position in algae-based products segment. Frutarom has invested NIS10m ($2.6m) to acquire the stake. As part of its growth strategy, ...
Tags: Frutarom, algae-based products
UK-based drinks company Diageo has reportedly said that it would challenge the claim by its Indian subsidiary United Spirits Ltd (USL) chairman Vijay Mallya, who alleged that Diageo failed to enter into a joint venture with him in the ...
Tags: emerging markets, Diageo, drinks
Icahn Enterprises has announced its plans to acquire automotive service provider Pep Boys-Manny Moe & Jack for $1bn. The deal was announced after Japanese tire maker Bridgestone quit the race to acquire the company by announcing that ...
Tags: Pep Boys, automotive service
The world's stock markets are spiralling downwards. The U.S. equity market fell 10 percent last month. Investor terminology calls this a "correction" not a crash. But prospects don't look good. Big investors, banks and financial ...
Tags: Economic Crisis, investment banks
With oil product stocks at moderate levels, Shandong's teapot refineries have kept refinery run rates relatively high, which is supporting demand for feedstock crudes, sources said this week. Regular importer Beifang Asphalt Fuel in ...
Tags: oil product, bitumen
Smartphone brands in China are expected to enter a new phase of consolidation in 2016 as some vendors have sold their sub-brands or introduced new strategic partners, according to industry sources. Smartphone brands in China were active ...
Tags: Coolpad, Nubia, Smartphone