Saputo Murray Goulburn deal : Canadian dairy company Saputo will acquire Australian dairy processor Murray Goulburn Co-Operative for a price of $1.01 billion to consolidate its footprint in the Australian market. Saputo Acquisition of Murray Goulburn The acquisition of Murray Goulburn adds to the recent take over by Saputo of the Warrnambool Cheese & Butter (WCB) earlier in the […]
Lupin Limited, a Mumbai-based generics pharmaceutical company, has strategically broadened its foothold in the women’s health sector by acquiring Symbiomix Therapeutics. The acquisition, valued at $150 million, was executed through Lupin’s US subsidiary, enhancing its presence in the specialized field of women’s health. Strategic Acquisition to Bolster Women’s Health Offerings Symbiomix Therapeutics, founded in 2012 […]
Liliane Bettencourt Death : The world’s richest woman Liliane Bettencourt with a net worth of $44.3 billion and also heiress to French cosmetics company L’Oreal, passed away aged 94 in Paris on Thursday. She had a peaceful death at her Paris home and on 21 October would have turned 95 years old according to a […]
Beverage industry news : Speyburn Distillery, owned by International Beverage Holdings has launched the 15 Years Old Speyburn Single Malt Scotch Whisky for whisky enthusiasts in the US to give them unique rich taste and aroma to whisky enthusiasts. The 15 Years Old Speyburn Single Malt Scotch Whisky will have a limited edition launch with […]
Retail industry news : Walt Disney has inaugurated a new Disney Store in Shanghai, China in the HKRI Taikoo Hui Mall to offer customers exclusive Disney merchandise that is locally designed. The new Disney Store in Shanghai is located in what is called as a vibrant shopping and entertaining hub on the 789 Nanjing Road […]
Novo Nordisk’s diabetes medication, Victoza (liraglutide), has gained U.S. Food and Drug Administration (FDA) approval for an expanded use, marking a significant step forward in the treatment of cardiovascular diseases among type 2 diabetes patients. This latest approval allows Victoza to be used to reduce the risk of major adverse cardiovascular events (MACE), including cardiovascular […]
Nestle, the largest food and Beverage Company has tied up with e-commerce platform Amazon to launch its new range of famous Maggi noodles. Nutri Licious is the new range of Maggi noodles and it will be available to the customers from August 20, 2017 first in Amazon. Later it will be available across various retail […]
VF acquisition of Williamson Dickie : American worldwide apparel and footwear giant VF Corporation has signed an agreement to acquire workwear manufacturer Williamson-Dickie in an all-cash deal worth around $820 million. VF Corporation says that the Williamson Dickie acquisition aligns with its commitment to active portfolio while boosting its growing workwear platform further. The subsequent […]
Nissan Mississippi Union elections : Nissan Motor workers at the automobile manufacturer’s Canton plant in Mississippi have rejected the United Auto Workers (UAW) by voting almost two to one against the labor union. According to the Japanese automaker, 2,244 workers voted against unionization while 1,307 voted in favor of UAW in a two-day election that […]
Nissan Mississippi Union 2017 : Labor union, United Auto Workers (UAW) is alleging that automobile manufacturer Nissan Motors has violated the federal labor law through its anti-union campaign. The development comes even as ballots are being counted in the Mississippi Nissan plant in an election that will decide whether the employees at the factory will […]