John Lewis continued to outperform the market in year ended 31st January 2015 with gross sales up 9.2% to £4.43b (7.5% on a 52 week basis), beating the BRC by 4.9%, combined with growth in operating profit, up 10.8% to £250.5m ...
Global demand for countertops is forecast to rise 4.2 percent per year to 503 million square meters in 2018, according to The Freedonia Group. Demand for countertops will benefit from improved building construction activity throughout ...
Tags: Countertops, countertopsc Demand
New Zealand based dairy co-operative Fonterra has agreed to acquire 18.8% stake worth $561.32m in Chinese infant formula manufacturer, Beingmate Baby & Child Food Company. The co-operative group has purchased 192.4 million shares in ...
Tags: Fonterra, dairy Food
China is toughening its examination of milk powder imported from New Zealand, according to the quality control watchdog, after revelations emerged on Tuesday of a criminal threat to contaminate some products with an agricultural poison. ...
Tags: Milk Powder, Raw Milk
China's State Council has given approval for Hangzhou, an e-commerce hub, to set up the country's first cross-border e-commerce pilot zone, according to a statement released on Thursday. Hangzhou, capital city of East China's ...
The merger date of Sysco Corp. and US Foods Inc. has been extended by 60 days from March 8 to May 7 because of the scheduled anti-trust hearings to be held in May, said food distributor Sysco in a filing with the US Securities Exchange ...
Tags: Sysco Corp, US Foods, Merger Date
DWI Holdings Inc., a subsidiary of Himatsingka Seide Ltd, has inked global licensing deal for the design, development and distribution of kate spade new york bedding and bath collections through 2020. According to a DWI press release, ...
Tags: DWI Holdings, home textile
Indian fair trade watchdog, Competition Commission of India (CCI) has approved the proposal of Reliance Industries to sell 49 per cent stake in a newly-formed textile firm to Chinese company, Shandong Ruyi. “The Commission is of the ...
Tags: Reliance Industries, Shandong Ruyi
McCormick has taken over 100% shares of flavours producer Brand Aromatics for around $63m, a move that will expand the company's product portfolio. Headquartered in New Jersey, Brand Aromatics supplies natural savoury flavours, ...
Tags: McCormick, Flavours Producer, natural savoury flavours
US-based company Premier Distribution Center is recalling nearly 50,953 pounds of pork and beef products over misbranding, according to the US Department of Agriculture’s Food Safety and Inspection Service (FSIS). The recall has ...
Income from continuing operations for the second quarter of fiscal 2015 ended January 24, 2015 at garment marketer, Ascena Retail Group, Inc. nosedived when compared with the year ago quarter. “Income from continuing operations for ...
Tags: Q2 Income, Ascena Retail Group, Apparel
China will accelerate price reform this year in sectors such as electric power, head of the country's top price regulator said Thursday. The National Development and Reform Commission (NDRC) will further strengthen its efforts on price ...
Tags: Price Reform, electric power
Freedom Foods has reported a Net profit of $55.2 million for the first half of the 2015 financial year. However, the Net Profit figure was boosted by the inclusion of a post-tax fair value gain of $52.2 million from the gain on ...
Tags: Freedom Foods, Agriculture
Australian wholesaler and distributor of groceries Metcash is attempting to stem recent losses in its Liquor division, entering into an agreement in late February 2015 to purchase Southern Independent Liquor Group (SILG), which trades under ...
Tags: Liquor Sales, Food
After two tough years of stagnation, in 2014 the power semiconductor device market returned to growth, rising by 8.4% to $11.5bn, according to the report 'Status of the Power Electronics Industry (February 2015 edition)' from Yole ...