Audi will increase its involvement in Formula E Team ABT Schaeffler Audi Sport, starting in the 2016/2017 season that opens in Hong Kong on October 9. In addition, it is planned to incorporate Formula E into a factory-backed motorsport ...
Tags: Audi, Formula E, involvement
CenterOak Partners announced that it has completed a majority investment in Wetzel’s Pretzels, the second largest owner and franchisor of soft pretzel stores. Financial terms of the transaction were not disclosed. Headquartered in ...
US snacks firm Amplify Snack Brands has completed the acquisition of UK-based potato crisps producer Tyrrells from private equity firm Investcorp. The completion resulted in Tyrrells becoming a wholly-owned subsidiary of Amplify. For ...
Tags: Amplify Snack Brands, acquisition, Tyrrells
US-based Yum! Brands has entered into an agreement with Primavera Capital and Ant Financial Services to invest a total of $460m in Yum China. While Primavera Capital is a China-based global private equity firm, Ant Financial is an online ...
Firm attributes the growth to the ongoing success of well established brands like LEGO City and LEGO Ninjago, as well as the strong debut of LEGO Nexo Knights. The LEGO Group has delivered a turnover of DKK 15,692 million in the first ...
Tags: LEGO, LEGO City, LEGO Ninjago, LEGO Nexo Knights
Dunapack Packaging, a unit of Austrian Prinzhorn Group, has signed an agreement to acquire corrugated business of packaging producer Camis Ambalaj Sanayi in Turkey. Financial terms of the deal were undisclosed. Camis Ambalaj Sanayi ...
Tags: Dunapack Packaging, agreement, Camis Ambalaj
The firm surpassed its aim of an increase of 10 per cent. LEGO has bettered its estimated energy efficiency target for 2013 to 2016. The firm aimed for a 10 per cent increase of energy efficiency from 2013 to 2016 through its commitment ...
Tags: LEGO, increse, energy efficiency target
Packaging Corporation of America (PCA) has acquired all the assets of independent corrugated products provider TimBar for $386m. TimBar provides solutions to customers in the higher margin retail, industrial packaging, and display and ...
The Free and Hanseatic City of Hamburg and the Volkswagen Group will collaborate over the next three years to jointly develop innovative solutions for making urban mobility more environmentally-friendly, safer, more reliable and more ...
Tags: Hamburg, Volkswagen, partnership
The profit of Royal FrieslandCampina decreased by 16.7 percent over the first half-year 2016 to 160 million euros compared to the same period in the previous financial year. Due to the significant increase in the member dairy ...
Tags: Royal FrieslandCampina, profit
Smoothie King is proud to announce its expansion into the Middle East, with the opening of its first location in Dubai on September 1, 2016. Through its partnership with Al Ghurair Retail, Smoothie King is providing guests at the BurJuman ...
Tags: Smoothie King, expansion, first store
The European Commission (EC) has launched a public consultation on tax rules for alcoholic beverages. The consultation, which will run for three months, will evaluate whether some of the rules on excise duty on beer, wine and other ...
Tags: EC, alcoholic beverages, public consultation on tax rules
US-based snack maker Snyder's-Lance has announced that its subsidiary Kettle Foods will acquire the remaining 74% stake in Metcalfe's skinny. However, the financial details of the transaction were not disclosed. In January, Kettle Foods ...
CSafe Global, a manufacturer of temperature-controlled air-freight containers for the biopharmaceutical industry, has acquired France-based temperature-controlled packaging solutions supplier Kalibox. Established in 2001, Kalibox has two ...
Tags: CSafe Global, Kalibox
Skyworks Solutions Inc of Woburn, MA, USA (which manufactures analog and mixed-signal semiconductors) says that Kris Sennesael has joined it as senior VP & chief financial officer. Sennesael was most recently chief financial officer for ...
Tags: Skyworks, Kris Sennesael, senior VP&chief financial officer