On Sep. 10, MLS announced that the company will spend RMB$ 180 million (US$ 278.2 million) to purchase stock in Kaistar Lighting with private fund, acquiring 10.91% of Kaistar’s shares. Kaistar Lighting is a joint venture ...
Leading U.S. LED manufacturer Cree announced earlier this month, it will be rebranding its power and RF business as Wolfspeed. In an exclusive interview with LEDinside analyst and assistant manager Joanne Wu, Cree co-founder and CTO John ...
Tags: Cree, Wolfspeed, RF and power business, Market Branding
It’s a long way from New York’s Madison Avenue advertising agencies to Gaborone, but for Botswana a lot is riding on the success of the ad campaign De Beers will launch in the coming weeks. Like oil-exporting countries now ...
Peak Performance, Scandinavia's largest technical sports and fashion wear brand, generated revenue of DKK 953m ($154 mm) in the fiscal year ended June 30, up 2.5 percent from the prior fiscal year, or 4.1 percent in currency-neutral terms, ...
G-III Apparel Group, Ltd. reported second quarter earnings doubled to $12.4 million, or 27 cents a share, from $6.2 million, or 14 cents, a year ago. Driven by robust wholesale and retail performance, net sales increased 12 percent to $474 ...
Tags: G-III Apparel, sports business, outerwear, dresses, sportswear, swimwear
Transcontinental has entered into an agreement to buy US-based flexible packaging supplier Ultra Flex Packaging in a deal worth $80m. The amount requires to be paid in cash at closing, along with an additional consideration payable ...
Tags: Flex Packaging, TC Transcontinental, Packaging acquisition
Japanese automobile major Suzuki Motor will buy back the 19.9% share it divested to German carmaker Volkswagen (VW) after the International Court of Arbitration of the International Chamber of Commerce ironed out their feud. Suzuki had ...
Tags: Suzuki Motor, automobile
The Valspar Corporation has reported fiscal third quarter 2015 net sales of $1.15 billion, a decrease of 7 percent over the prior year. Total volume was flat as growth in the Coatings segment was offset by the expected decline in the Paints ...
Tags: Valspar, Paints segment
For the second fiscal quarter of 2016 ended August 1, 2015, net sales at apparel marketer Gap Inc went down 2 per cent impacted by translation of net sales in foreign currencies into US dollars. For the three months to August 1, 2015 Gap ...
Tags: foreign exchange, Gap, Currency Impact
For full-year fiscal 2015 (ended 28 June), Cree Inc of Durham, NC, USA has reported revenue of $1.63bn, down just 1% on fiscal 2014's record $1.65bn. Specifically, revenue for Lighting Products (mainly LED lighting systems and bulbs) grew ...
Tags: LED Product, LED chips
For fiscal 2015 (ended 27 June), Oclaro Inc of San Jose, CA, USA (which provides components, modules and subsystems for optical communications) has reported revenue of $341.3m, down 12.7% on fiscal 2014's $390.9m. This is due to a 25% ...
Tags: laser product, telecom products
Net income at US based value-added and recycled fibres producer Unifi, Inc climbed 46.52 per cent year over year for fiscal ended June 28, 2015. A Unifi press release informed that net income for fiscal 2015 totaled to $42.2 million or ...
Tags: textile manufacture, fibres
Donaldson Company, a global leader in engine filtration, has announced that it has entered into a binding agreement to acquire 100% of the shares of Industrias Partmo. Partmo is a leading manufacturer of replacement air, lube and fuel ...
Tags: auto manufacture, Partmo, engine filtration
The electrical and industrial electronics industry has witnessed a 13 per cent growth in Q4 (January to March) of FY15 while the fiscal year closed with a growth of 10 per cent. These figures were released by Indian Electrical & Electronics ...
Tags: industrial electronics, electrical electronics, allied equipment
For its fiscal fourth-quarter 2015 (ended 3 May), fiber-optic communications component and subsystem maker Finisar Corp of Sunnyvale, CA, USA has reported revenue of $320m, up 4.5% on about $306m both a year ago and last quarter. The ...
Tags: Finisar, OpEx, Electronics