Retail acquisition news : British retail giant Sainsbury’s has agreed to acquire rival UK supermarket chain Asda from Walmart in exchange of £2.975 billion in cash and a stake of 42% in the combined business. The merger deal, which is aimed to create the largest supermarket chain in the UK, values Asda at nearly £7.3 […]
Food acquisition news : LabCorp, a global life sciences company has struck a $670 million deal to divest its food testing and consulting business – Covance Food Solutions to testing laboratories company Eurofins Scientific. The offloading of Covance Food Solutions by LabCorp is being done to focus on its main mission of enhancing health and […]
Cosmetic industry news : Curlkit has partnered with Shea Moisture to bring its new Red Palm Oil hair care product range to customers through the Curlkit’s April 2018 subscription box in the US. According to Curlkit, Shea Moisture’s new hair care products give length and volume to healthy afros and curly-coily hair, which are more […]
New tech jobs at Argos : British catalogue retailer Argos, a subsidiary of supermarket company Sainsbury’s, said that it will add 150 new tech jobs to support its growing digital business with an aim to further improve the shopping experience of its customers. The new 150 roles will be for technology and digital specialists in […]
Retail acquisition news : British supermarket company Sainsbury’s and Walmart-owned Asda Stores are reported to be in talks over a £10 billion merger deal in a move to create the largest UK supermarket chain. The potential Sainsbury’s and Asda merger has been confirmed by the former on Saturday, reported Reuters. Sainsbury’s is currently in advanced […]
Food processing news : Lamb Weston / Meijer and Belaya Dacha Group have opened their jointly owned RUB8.7 billion (€115 million) french fry factory in Lipetsk in western Russia. Lipetsk French Fry Factory in Russia According to Lamb Weston / Meijer, the French fry plant will help in meeting almost all of the import demands […]
Confectionery industry news : Nestle has launched two new permanent additions to its Nestle Crunch range in the form of Nestle Crunch Dark and Buncha Crunch Dark in the US. Nestle Crunch Dark Nestle Crunch Dark is a 100% real dark chocolate, which is available in a single bar package, weighing 1.5 oz and prized […]
Food acquisition news : Nomad Foods, a UK-based frozen foods company has completed its previously announced €228 million acquisition of Ireland-based Green Isle Foods (Goodfella’s Pizza), which is the frozen pizza businesses of Boparan Holdings. The sale proceeds is expected to help Chicken King Ranjit Boparan’s Boparan Holdings, the owner of UK poultry producer 2 […]
US hospitality company Hyatt Hotels has opened a new Grand Hyatt hotel in Xi’an in the Chinese province of Shaanxi to continue its brand expansion in Northwest part of the country. The new Grand Hyatt hotel in Xi’an is located inside the Xi’an High-Tech Industries Development Zone, which houses over 200 Fortune 500 companies, while […]
Auto industry news : Valvoline, has purchased a quick lube center in Greeneville, Tennessee, which is now serving as the company-owned Valvoline Instant Oil Change service center. The branded lubricants and automotive services provider says that appointments are not needed for the new Valvoline service center in Greeneville, located at 816 West Church Street. Commenting […]