Net loss climbed nearly 27% from a year earlier at Hancock Fabrics, Inc., a retailer of fabrics, sewing materials, etc, in its second fiscal quarter ended July 26, 2014. Hancock reported a net loss of $3.3 million, or negative $0.16 per ...
Tags: Textile, Fabric, Hancock Fabric
An agreement has been reached to create the world’s third largest quick service restaurant company, merging North American-based beverages and baked goods restaurant Tim Hortons Inc. (Tim Hortons) with global burger restaurant Burger ...
Tags: Burger King, Tim Hortons, fast food
Australia’s largest multi-brand retail food franchisor and leading wholesale coffee roaster, Retail Food Group Limited (RFG) has announced a record Net Profit After Tax (NPAT) of $36.9 million for the 2014 financial year, an increase ...
Tags: Retail Food Group, coffee roaster
Although revenue rose 12% year-on-year, net income at multi-brand retailer of women's, men's and children's apparel J.Crew Group, Inc. plunged 38.28% in the second fiscal quarter of 2014. Net income dived 38.28% to $17.5 million in the ...
Tags: Apparel, Accessories, Children's apparel
Recent soft economic data including falling property prices have many investors worried about a growth slowdown in China, but Platinum Asset Management sees plenty of investment opportunities. The funds manager said in a note to investors ...
Tags: China Economy
Driven by mattress fabric sales, revenue at NYSE-listed Culp, Inc., one of the world's largest marketers of mattress fabrics for bedding and upholstery fabrics rose 8.4 percent in the first fiscal quarter ending August 3, 2014. Net sales ...
Tags: Textile, Mattress Fabrics, Fabrics
Heineken has sold its Mexican packaging business Empaque to Crown Holdings for $1.225bn, in a bid to reduce its net debt by the end of this year. The company said the proceeds from the sale will be used to reach the target of bringing ...
Tags: Heineken, packaging business
In its financial results according to international financial reporting standards (IFRS) for the second quarter of the current year, the net income of Russian pipemaker TMK totaled $60 million compared to a net loss of $16 million in the ...
Tags: TMK, Revenues, Metallurgy
Weidenhammer Packaging, headquartered in Hockenheim, Germany, is one of Europe’s leading providers of composite cans, drums and luxury tubes with around £1,100 employees and operates numerous production facilities across Europe. ...
Australia-based Pacific Brands today said that it has entered into an agreement to sell its Workwear business to fellow Aussie company - Wesfarmers Industrial and Safety (WIS), a division of Wesfarmers Limited. The sale has been done at ...
Tags: Pacific Brands, Workwear Business, Apparel
NYSE-listed retailer of casual apparel - Aeropostale, Inc reported a 13% year-on-year decline in net sales and a corresponding decrease in comparable store sales for the second fiscal quarter of 2014. For the second quarter of 2014, ...
Tags: Aeropostale, Sales, Apparel
American packaging company Sonoco has agreed to acquire Germany-based Weidenhammer Packaging for an amount of approximately $383m (€286m). Sonoco president and chief executive officer M Jack Sanders believes the acquisition will help ...
FutureMark Alsip, a company that makes coated publication and printing papers from recycled materials, will indefinitely place its mill in idle mode due to challenging market conditions in the North American coated paper market. The ...
Tags: Futuremark Alsip, Mill, Packaging
US-based private-equity firm Oak Hill Capital Partners will acquire Berlin Packaging, a supplier of plastic, glass and metal containers for an amount close to $1.43bn, including debt. Oak Hill will pay a price for Berlin Packaging that is ...
Apparels and home fashions off-price retailer, NYSE-listed The TJX Companies, Inc reported a 7% year-on-year hike in net sales to touch $6.9 billion in the second quarter ended August 2, 2014. Consolidated comparable store sales increased ...