US lifestyle brand Tory Burch has signed a long-term partnership agreement with Japanese cosmetics company Shiseido to support further growth of Tory Burch beauty brands. Shiseido will have the exclusive worldwide license to develop, market, and distribute Tory Burch beauty brands under the agreement, which will be effective as of 1 January 2020. The company’s Americas […]
Bayer acquisition of BlueRock Therapeutics : Bayer will take full ownership in US cell therapy company BlueRock Therapeutics for an enterprise value of up to $1 billion, as per the latest pharma acquisition news. Headquartered in Cambridge, BlueRock Therapeutics develops engineered cell therapies in the fields of neurology, cardiology, and immunology using its proprietary induced […]
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Diageo investment in Seedlip: Diageo, through its startup accelerator program Distill Ventures, has acquired a majority stake in Seedlip, which is claimed to be the world’s first distilled non-alcoholic spirits brand, as per the latest drinks acquisition news. The acquisition marks the first non-alcoholic brand acquired by the beverage alcohol producer through Distill Ventures. Seedlip, […]
The US Food and Drug Administration (FDA) has cleared transformative medical device company NinePoint Medical to market NvisionVLE Imaging System for pancreas and bile duct applications, in addition to the previously existing esophageal use. The Optical Coherence Tomography (OCT) imaging platform, NvisionVLE Imaging System, will help gastroenterologists to thoroughly evaluate tissue for regions of interest […]
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Purple Style Labs (PSL), a Mumbai-based premium fashion house, has acquired online luxury fashion store Pernia’s Pop Up Shop (PPUS), a multi-brand e-commerce website, which has more than 500 Indian designer wear brands. Financial terms of the transaction were not disclosed. Through the acquisition, Purple Style Labs is looking to build a comprehensive omni-channel fashion […]
Aeroports de Montreal (ADM), the operator of the YUL Montreal-Trudeau International Airport (YUL) in Montreal, Canada, has awarded a five-year IT and business transformation contract to Indian IT company Wipro. Apart from operating the third largest airport in Canada, Aeroports de Montreal, which is the airport authority for the Greater Montreal area, operates the YMX […]
Cannabis company Khiron Life Sciences has signed a distribution agreement with retail company Grupo Éxito to increase the former’s Kuida brand’s consumer reach in Colombia. With a potential expansion planned across the country, the deal includes the initial sale of Kuida in five Éxito WOW concept stores and 16 traditional format stores. Khiron CEO Alvaro […]
French drinks giant Pernod Ricard, through its subsidiary Pernod Ricard USA, has agreed to acquire Texan craft whiskey distillery Firestone & Robertson Distilling, the owner of the TX whiskey brand, as per the latest drinks acquisition news. Financial terms of Pernod Ricard acquisition of Firestone & Robertson Distilling were not disclosed. The portfolio of the […]
Instant ramen creator Nissin Foods has expanded its Cup Noodles portfolio in the US with the launch of Cup Noodles Stir Fry, the first soupless offering from the brand, as per the latest food product launch news. The Japanese food company said that Cup Noodles Stir Fry was inspired by the growing popularity of Asian […]
PlanetArt, a technology platform in the personalized products industry, has wrapped up the acquisition of Personal Creations from floral and gifting company FTD Companies for $18.1 million plus certain additional payments, as part of the latter’s court-supervised restructuring. Based in Illinois, Personal Creations is said to bring a new gifts dimension to PlanetArt’s platform of […]