Seattle Genetics, a leader in oncology biotechnology, has announced the acquisition of Cascadian Therapeutics for approximately $614 million, a strategic move to enhance its portfolio of solid tumor treatments. The acquisition, which involves Seattle Genetics paying $10 per share in cash for the California-based company, is set to significantly advance its research in cancer therapies, […]
Unilever acquisition of Betty Ice : Unilever, a British-Dutch multinational consumer goods firm has clinched a deal to acquire Betty Ice, a Romanian ice cream company for an undisclosed price to bolster its ice cream business. Betty Ice is among the leading ice cream manufacturers in Romania, with a turnover of €30 million. The Romanian […]
Cosmetic industry news : Dove, a Unilever personal care brand has launched a new product range – the Dove DermaSeries, a new line up of dry skin moisturizers to help people overcome their dry skin problems. The new dry skin moisturizers under the Dove DermaSeries are fully hypoallergenic and fragrance-free, says Dove. The Dove DermaSeries […]
Food acquisition news : Bright Blue Foods (BBF), a British ambient cake manufacturer has signed a deal to acquire the UK cakes and desserts business of Irish food company Greencore Group for an undisclosed price. The deal, which includes the sale of Greencore Group’s cakes and desserts business in Hull, marks its exit from the […]
French pharmaceutical giant Sanofi has successfully finalized an agreement to acquire Ablynx, a Belgian biotechnology firm, for approximately €3.9 billion. This strategic acquisition surpasses a previous offer of €2.6 billion from Danish pharmaceutical company Novo Nordisk, which Ablynx had rejected citing undervaluation. Details of the Acquisition Ablynx, based in Ghent and established in 2001 as […]
Confectionery industry news : Sweden-based confectionery manufacturer Cloetta has revealed its intentions to exit its Candyking business in Poland after finding it to be unprofitable. Candyking is a Swedish company that manufactures and markets pick and mix confectionery products across Sweden, Finland, the United Kingdom, Norway, Estonia, Latvia, Lithuania, Poland, Denmark, and Ireland. Last year, […]
Automobile industry news : US-based commercial vehicle manufacturer Ram Trucks has launched a new luxury pickup truck branded as 2019 Ram 1500 Laramie Longhorn Edition, and built on strength, durability, technology and efficiency. According to Ram Trucks, the Ram 1500 Laramie Longhorn provides leading-edge innovation to truck buyers with weight reduction of 225 pounds. The […]
Retail acquisition news : InRetail Peru, a Peruvian multi format retailer has agreed to acquire Quicorp, a Peru-based pharmaceutical distributor and retailer in the Andean region for $583 million. InRetail Peru acquisition of Quicorp is expected to bolster the operations of the multi format retailer in the pharma sector further, improve its international expansion strategy, […]
Tesco job cuts 2018 : British grocery store chain Tesco is set to lay off as many as 1,700 employees to streamline its operational structures for better efficiency and provide its line managers more accountability for colleague and customer experience. On the brighter side, the grocery store chain will be creating 900 new roles to […]
Retail business news : Retail giant Walmart and Japanese ecommerce conglomerate Rakuten have announced a new strategic partnership to launch online grocery delivery service in Japan and for offering new eBooks and audiobooks in the United States. The new online grocery delivery service in Japan is slated to commence in the third quarter of this […]