Drinks acquisition news : Two of Seattle’s brewery companies Schooner Brewing and San Juan Seltzer have merged into a single entity to focus on new offerings. Financial terms of the merger were not disclosed. San Juan Seltzer started in May 2018 with the Northwest brewed, spiked sparkling water. The spiked seltzer company claims that its […]
Symrise acquisition of ADF/IDF : German flavors and fragrances manufacturer Symrise has agreed to acquire ADF/IDF, a US-based natural nutrition ingredient provider for pet food, for $900 million, as per the latest food acquisition news. Headquartered in Springfield in Missouri, ADF/IDF supplies natural poultry ingredients for pet food and also for food applications. Its customers […]
US healthcare conglomerate Johnson & Johnson (J&J) completed its previously announced JPY230 billion ($2.1 billion) acquisition of Japanese cosmetics company Ci:z Holdings. Headquartered in Tokyo, Ci:z Holdings is engaged in manufacturing a variety of dermocosmetic, cosmetic and skincare products. Through its acquisition, Johnson & Johnson will own the popular brands of the Japanese cosmetics company […]
US supermarket giant Walmart has added four new grocery delivery companies – Point Pickup, Skipcart, AxleHire, and Roadie to its team to grow its Online Grocery Delivery services. The four grocery delivery companies will enable the retailer’s Online Grocery Delivery in metro areas in four states with further expansion planned in the near future. Currently, […]
Featuring human-less check-ins, facial scans and voice-controlled rooms, e-commerce giant Alibaba has unveiled its first “future hotel” in China. Grace Lee reports. Source: reuters
South Korea’s Hyundai Motor surprised the market on Thursday by posting its first quarterly net loss in at least eight years as its vehicle sales slumped in the key China market. Pascale Davies reports. Source: reuters
Senard will become chairman immediately. Deputy chief executive Thierry Bollore will take over Carlos Ghosn’s other Renault role as full CEO, as Ghosn deals with financial crime allegations in Japan. Rough cut (no reporter narration). source: reuters
Subaru said it did not pay overtime wages over a two-year period to some 3,400 employees who under-reported their hours. As Pascale Davies reports, the revelation surfaced in an internal probe following the 2016 death of an overworked employee. Source: reuters
British shoppers cut back on spending in the three months to December for the first time since last spring, adding to evidence of a consumer slowdown as Brexit approaches. Pascale Davies reports. Source: reuters
Flying Dog Brewery is partnering with Green Leaf Medical Cannabis on a plan to release Maryland’s first THC-infused beer in 2019. The beer, a non-alcoholic India Pale Ale named Hop Chronic, will serve as a medical delivery system to provide Maryland medical cannabis patients with therapeutic cannabinoids including CBD, CBG and THC without the patient […]