“There have been three phases in ecommerce development. The first phase started with the ‘.com’ boom of the mid-to-late 1990s and lasted through the early 2000s,” Tom Barone, VP, North America Operations at eBay ...
Tags: ecommerce development, Apparel
UK-based Dairy Crest has agreed to divest its Dairies operations to Müller UK & Ireland for £80m, citing slump in profits during the six months ended September. The transaction includes production plants at Foston, Chadwell ...
Tags: fresh liquid milk, Dairy Crest, Agriculture
Unilever has sued Hampton Creek, a start-up food company that is developing animal-free alternatives to industrialised foods over the definition of mayonnaise. The lawsuit was filed in Newark, NJ, in a federal court on October 31, ...
Tags: mayonnaise, false advertising, Agriculture
Ikea, the multinational group of companies that designs and markets furniture and home accessories, might foray into fashion in future, according to a prediction made by the Swedish author and creative business thinker Stefan Engeseth. As ...
Despite a 16.26 percent revenue hike in the second quarter of fiscal 2014-15, impacted by higher depreciation and amortisation costs, net profit at Vardhman Textiles Ltd sank 48.4 percent, year-on-year. The vertically integrated Indian ...
Tags: cotton prices, yarn prices, Textile
In its unaudited standalone financial results for the second fiscal quarter ending September 30, 2014, Indian textile major, Arvind Ltd reported a 4.13 percent year-on-year rise in net profits. Arvind, an integrated textiles producer, ...
Tags: Indian textile major, net profits, Textile
Pilgrim's, a operator of chicken processing plants and prepared-foods facilities, has reported net income for the third quarter of $256m, compared to $160.9m for the year-ago quarter. Net sales for the third quarter rose to $2.27bn from ...
Tags: Pilgrim's, chicken, Agriculture
Kraft Foods Group has reported a decline in profit for the third quarter, owing to higher commodity costs that offset a marginal climb in sales, with weak operating margins pronounced at the cheese, and meals and desserts segments. The ...
Tags: Kraft Foods, cheese, Food
Fresh Del Monte Produce has reported a surge in profit for the third quarter, driven largely by higher sales and prices for bananas. Coral Gables, Florida-based Fresh Del Monte's third-quarter profit rose to $19.9m from $6.4m last year. ...
Tags: Fresh Del Monte, banana, pineapples
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
The corn and soybean crops in the U.S. are massive. Monday's USDA Crop Production report shows the soybean crop continues to skyrocket in size, but the corn crop's slightly smaller than earlier estimates. Now, speculation's rising that ...
Tags: Corn, Soybean, Agriculture
UK-based Dairy Crest has agreed to divest its Dairies operations to Müller UK & Ireland for £80m, citing slump in profits during the six months ended September. The transaction includes production plants at Foston, Chadwell ...
Martin Rapaport, the chairman of the Rapaport Group, has released a comprehensive editorial titled “Honest Grading” that discloses the over-grading of over 100,000 diamonds, valued at more than a $1 billion. Rapaport calls upon ...
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 ...
Recent disappointing results for ventricular assist device companies are raising questions over adoption of the technology—which is meant to assist patients’ weakened hearts with pumping blood. HeartMate II, as shown on ...