Mergers and acquisitions in the food and drink manufacturing sector emerged as a key theme of the Business Leaders’ Forum staged earlier this month in central London by our sister title Food Manufacture. In this exclusive video, ...
Tags: mergers, acquisitions, food and drink manufacturing sector
Cof its fiscal year, benefiting from the knock-on effect of acquisitions and higher volumes. For the nine months to the end of December, Pinguin Lutosa reported net sales up by almost 32% on the same period of the previous year, to ...
Li Ning Company Limited, one of the leading sports brand companies in China, announced that its Board of Directors (the "Board") proposes to raise approximately HK$1,847.8 million to HK$1,868.6 million by way of an Open Offer of Convertible ...
Tags: Li Ning, sports brand, Open Offer
McCormick, a US-based manufacturer of flavor products and other specialty food products, has reported that its net income decreased by 12.7% to $148.5m for the fourth quarter ended 30 November 2012, compared to $131.7m for the same period ...
Tags: McCormick, flavor products, specialty food products, fourth quarter
IT applications integrator and reseller 2e2 has entered administration, after weeks of negotiations with investors failed to find a solution for the Berkshire-based firm's £270m debts. Some 319 UK sales and admin staff have already ...
Tags: 2E2, IT applications, McAfee enterprise
VMware has bucked recent hiring trends in the tech sector by announcing 900 job losses, despite unveiling a three per cent rise in 2012 income to $746m (£475m), while revenue rose 22 per cent to $4.61bn (£2.94bn). The ...
Tags: VMware, Server Virtualisation
Under the helm of new CEO Steve Bennett, Symantec late yesterday outlined a re-organization intended to lead to a leaner company and a new range of security and backup services and products, built primarily on internal research and ...
Acer is trying to adapt to the slowdown in the PC market by shutting down its eMachines unit and refocusing Gateway and Packard Bell to offer new products that are "beyond the PC." Earlier this week, Acer took charges to the tune of ...
Tags: Acer, PC market, eMachines unit
Philips Lighting says it will further realign its North American business sales and operations around a solution-selling approach. The company says these efforts will give partners and customers access to the full suite of Philips’ ...
Tags: Philips Lighting, solution-selling approach, lighting products
Under the helm of its new CEO, Steve Bennett, Symantec last week outlined a re-organisation intended to lead to a leaner company and a new range of security and back-up services and products. These products would be built primarily on ...
Tags: CEO, Steve Bennett, Symantec
SAP's revenue in the fourth quarter grew by 12 percent, helped by strong growth in the market for its cloud applications, its HANA in-memory database and mobile applications. Revenue in the fourth quarter ended Dec. 31 was $5 billion ...
Tags: SAP, revenue, cloud applications
NatureWorks, the world's leading supplier of biopolymers, with Ingeo fibers and plastics made from plants, not oil, announced today that the company has located its first Asia Pacific (A/P) regional headquarters in Bangkok and has expanded ...
Tags: NatureWorks, biopolymers, Ingeo fibers, plastics
According to the international financial reporting standards (IFRS), SAP’s revenue in Q4 2012 grew by 12%, which was helped by strong growth in the market for its cloud applications, its HANA in-memory database and mobile ...
The parent company of Alltel, a mobile telephone network serving rural customers in six states, has agreed to sell the business to AT&T for about $780 million, Atlantic Tele-Network announced Tuesday. The all-cash transaction will give ...
Tags: Alltel, mobile telephone network, Atlantic Tele-Network
In a statement, Smurfit Kappa said that the net proceeds of the Smurfit Kappa Acquisitions offering will be used to prepay a portion of the term loans outstanding under the parent company’s senior credit facility. It will also be used ...