Food acquisition news : Campbell Soup Company has agreed to sell its Australian biscuit brand Arnott’s and some of its international operations to global investment firm KKR for $2.2 billion. Along with the previously announced sale of Kelsen Group, Campbell has announced the sale of its entire Campbell International division for a total price of […]
Drinks industry news : ‘Merican Mule, the owner of Moscow Mule in a can has launched two new ready to drink mule cocktails – Tropical Style and Mexican Style in the US. The Tropical Style Mule is made of rum, pineapple, and ginger, whereas the Mexican Style Mule is made of tequila, lime, and ginger. […]
Caribe Hilton hotel in San Juan, Puerto Rico, which was damaged by Hurricane Maria in 2017, has reopened following the completion of work by project development consultancy Project Development Services (PDSI). Served as a social hub in Puerto Rico, Caribe Hilton was Hilton’s first property outside of the continental US, making Hilton the first international […]
Aviation industry news : BBA Aviation has signed an agreement to sell aircraft parts manufacturer Ontic to private equity firm CVC Capital Partners for an enterprise value of $1.37 billion. Ontic, which was acquired by the British aviation company in February 2006 for $67 million, is a provider of a high-quality, original equipment manufacturer (OEM) […]
Food acquisition news : Italian confectionery group Ferrero has wrapped up its previously announced $1.3 billion acquisition of the cookie, fruit and fruit-flavored snack, ice cream cone and pie crust businesses from Kellogg. Through the deal, Ferrero has acquired a cookie portfolio that includes the Keebler cookies brand, Famous Amos cookies, Murray sugar-free cookies, family […]
TIP Trailer Services acquisition of PEMA : French banking group Societe Generale has entered into an agreement to sell truck and trailer rental company PEMA to TIP Trailer Services, a portfolio company of infrastructure investment manager I Squared Capital, for an undisclosed price. Currently, PEMA manages a fleet of approximately 19,000 vehicles in seven European […]
Retail technology news : Australian supermarket company Coles Group has entered into a long-term digital transformation partnership with Accenture to save costs of up to AUD 1 billion over the next four years through the launch of new technology. The agreement is the latest in a series of global partnerships and developments through which the […]
US cybersecurity company StrikeForce Technologies has launched a new cyber solution called Secure eTravelers to protect the personal devices like computers and cell phones of hotel guests from hackers while traveling and using Wi-Fi. The Secure eTravelers cyber solution has been developed to address the increased hacking incidences targeted at recreational and business travelers, with […]
Hormel Foods has launched new single-serve lunchmeat options under the Hormel Natural Choice deli meats range in the US as per the latest food product launch news. The new Hormel Natural Choice single-serve lunchmeat options are packaged with two ounces, or five slices of 100% natural deli meat. The new offering is said to give […]
French retailer Casino Group has agreed to offload its subsidiary Vindemia, a major retailer in the Indian Ocean territories – Reunion Island, Mayotte, Madagascar, and Mauritius, to GBH for €219 million as per the latest retail industry news. Vindemia was established in Reunion Island in 1972. It was acquired gradually by Casino Group between 2001 […]