Pfizer’s $20 Billion Sale Stalls: In a significant turn of events in the pharmaceutical industry, both Reckitt Benckiser and GlaxoSmithKline (GSK) have decided to withdraw from acquisition talks with Pfizer regarding its consumer healthcare business. This decision marks a setback for Pfizer’s plans to offload this segment, valued at approximately $20 billion. Overview of Pfizer’s […]
Food acquisition news : Colorado-based organic meal kit company Green Chef has been snapped up by global meal kit company HelloFresh for an undisclosed price in a move to give more choices in its meal plans for customers. Courtesy of HelloFresh acquisition of Green Chef, the Germany-based meal kit delivery company will offer US customers […]
Food acquisition news : Meat processing company Danish Crown has acquired DK-Foods, a Danish pepperoni topping producer which supplies the popular pizza topping to pizza manufacturers across Europe. The financial terms of Danish Crown acquisition of DK-Foods have not been disclosed. Through the acquisition, the Danish meat processing company aims to become a market leader […]
Retail industry news : Australian supermarket chain Coles Supermarkets is all set to be spun off from its parent company Wesfarmers into a new $18 billion independent company listed on the Australian Securities Exchange (ASX). Wesfarmers is expected to retain a stake of 20% in Coles following the demerger, according to reports. The decision comes […]
Carrefour acquisition of Quitoque : Carrefour, a French hypermarket chain says that it has acquired a majority stake in French meal kit delivery company Quitoque for an undisclosed price. Through the investment in Quitoque, is expected to grow its food e-commerce offering. Neither the percentage of the stake nor the equity investment has been disclosed […]
Cosmetic company acquisitions : French cosmetics company L’Oréal has acquired ModiFace, a Canadian beauty tech company for an undisclosed price as part of its digital acceleration strategy. ModiFace provides augmented reality and artificial intelligence technologies to the beauty industry. L’Oréal acquisition of ModiFace is expected to help the 34 international brands of the French cosmetics […]
Lundbeck, a leading Danish pharmaceutical company, has announced its acquisition of Prexton Therapeutics, a Swiss firm specializing in the development of drugs for Parkinson’s disease, in a deal valued at approximately $1.1 billion. This strategic acquisition is set to enhance Lundbeck’s capabilities in neurology, particularly in the treatment of Parkinson’s disease. Financial Structure of the […]
Hotel industry news : DoveHill Capital Management, a real estate investment company and Wurzak Hotel Group have acquired the Sheraton Reston Hotel in Reston, Virginia for an undisclosed price. The acquisition done through their combined venture is to grow its vertically integrated investment platform. Sheraton Reston Hotel comprises 298 rooms and is the first investment […]
Amazing Lash Studio, a provider of eyelash extension services has opened its first eyelash studio in Seattle, Washington. The Amazing Lash Studio Seattle is owned and managed by partners Yvonne & Erik Werner and Melody & Rob Conner. Amazing Lash Studio offers its customers semi-permanent eyelash extensions at retail eyelash studios across the US in […]
Biogen, a leading US biotechnology firm, has reached a significant agreement to acquire Pfizer’s neurology drug candidate, PF-04958242, which is being developed to address cognitive impairment associated with schizophrenia (CIAS). The deal, potentially worth almost $600 million, includes an upfront payment of $75 million, with additional milestone payments and royalties that could total up to […]