Drinks industry news : Radeberger Gruppe USA, a beer importer will bring a new Hefeweizen pomegranate beer named as Schofferhofer Pomegranate beer to the Pacific Northwest market in the United States beginning from next year. Radeberger Gruppe USA is a subsidiary of Radeberger Gruppe, a leading brewery group in Germany from which imports beer brands […]
Retail acquisition news : American discount store retailer Target has struck a deal to acquire online grocery delivery service Shipt for $500 million with an intention to strengthen its fulfillment capabilities. Shipt, which is headquartered in Birmingham, Alabama, was founded in 2014. It is a membership-based online grocery marketplace and same-day delivery platform. The online […]
Teva Pharmaceutical Industries, the Israel-based generic drug manufacturer, has unveiled a drastic two-year restructuring plan aimed at rejuvenating its business and enhancing financial performance. The plan includes the elimination of 14,000 positions, representing over a quarter of its global workforce. This move is part of a broader strategy to reduce the company’s overall cost base […]
Food acquisition news : Unilever, a British-Dutch multinational consumer goods firm has struck a deal to divest its global spreads business to investment firm KKR for €6.825 billion in a move to focus on faster growing products. Unilever’s Spreads business, which comprises assets of €1.1 billion, features Becel, Flora, Country Crock, Blue Band, I Can’t […]
Food acquisition news : Swiss food and beverage giant Nestle has struck a deal to acquire nutritional health products manufacturer Atrium Innovations based in Canada for $2.3 billion from a consortium of investors. Nestle acquisition of Atrium Innovations from a Permira Funds-backed firm, Caisse de dépôt et placement du Québec, Fonds de solidarité FTQ and […]
Retail acquisition news : Swedish retail company Clas Ohlson has agreed to buy a stake of 10% in MatHem i Sverige, the holdings company of MatHem, a Sweden-based online grocery store for SEK 221 million ($26.16 million) According to Clas Ohlson, MatHem is one of the top e-commerce operator and the largest online grocery store […]
Uber ComfortDelGro deal : ComfortDelGro Corporation has agreed to buy a stake of 51% in Lion City, a Singapore car rental company in a deal worth S$642 million ($474.6 million) according to the latest transport industry news. Lion City is a wholly owned subsidiary of US-based ride hailing company Uber Technologies while ComfortDelGro is a […]
Food acquisition news : Nutella owner and Italian confectionery giant The Ferrero Group has completed a previously announced acquisition of US candy manufacturer Ferrara Candy Company from private equity firm L Catterton. The transaction amount involved in the Ferrero acquisition of Ferrara Candy was not revealed by the parties. Ferrero, which made the deal in […]
Retail industry news : US-based specialty retailer 2nd & Charles is set to open what would be its third store in Texas which will begin business from 16 December in Conroe. The other two 2nd & Charles stores in Texas are located in Beaumont and Laredo. Overall, 2nd & Charles has taken its total number […]
Drinks acquisition news : Spanish beer company Mahou San Miguel has struck a deal to acquire a stake of 30% in Avery Brewing, a Coloroado craft brewer, for an undisclosed price as part of its global expansion strategy. Founded in 1993 by Adam Avery, a home brewing enthusiast, Avery Brewing has distribution of its craft […]