American steakhouse restaurant chain Fleming’s Prime Steakhouse & Wine Bar today will open a new restaurant destination in Fort Lauderdale, Florida, bringing its culinary mastery, signature style, and attentive service to the Fort Lauderdale community. Fleming’s Prime Steakhouse & Wine Bar’s Fort Lauderdale branch is situated on the ground floor of the Bank of America […]
NRD Capital Management, an Atlanta-based middle-market private capital partner, has agreed to sell its Experiential Brands subsidiary’s unity Fuzzy’s Taco Shop to Dine Brands Global, a restaurant company, for $80 million in cash. Established in 2003 in Fort Worth, Texas, Fuzzy’s Taco Shop is a fast casual restaurant serving Mexican favorites such as Baja-style tacos, […]
Duravant, an engineered equipment and automation solutions major, has acquired Marelec Food Technologies to expand its food processing solutions portfolio. The financial terms of the transaction were not disclosed. Marelec is headquartered in Nieuwpoort, Belgium, and manufactures food processing solutions for portioning, weighing, and grading in poultry, meat, seafood, and marine industries. Leveraging portioning software […]
Boston Scientific has agreed to acquire Texas-based medical technology company Apollo Endosurgery in an all-cash transaction with an enterprise value of nearly $615 million. As per the terms of the deal, shareholders of the Nasdaq-listed Apollo Endosurgery will be offered $10 per share by Boston Scientific. The deal has been approved unanimously by the company’s […]
Bharti Airtel, an Indian telecom major, and Meta Platforms will jointly invest in global connectivity infrastructure and communications platform as a service (CPaaS)- based new-age digital solutions to scale India’s digital infrastructure. The proposed investment is expected to fund the development of new integrated solutions to provide a high-quality seamless experience to businesses and customers […]
South African engineering and mining contractor Murray & Roberts (M&R) has terminated the proposed sale of its Australian engineering subsidiary Clough to Italian multinational industrial group Webuild following a mutual agreement between the parties. Murray & Roberts has also decided to place Clough and its indirectly wholly owned Australian subsidiary Murray & Roberts Pty Ltd […]
Rigel Pharmaceuticals has received approval from the US Food and Drug Administration (FDA) for its Rezlidhia (olutasidenib) capsules for relapsed or refractory (R/R) acute myeloid leukemia (AML) in adult patients. Rezlidhia is indicated for patients with a susceptible isocitrate dehydrogenase-1 (IDH1) mutation as identified by an FDA-approved test. The oral, small molecule and mutant isocitrate […]
Hyatt Hotels will acquire Dream Hotel Group for $125 million upfront plus an additional $175 million over the next six years, as part of its asset-light growth strategy. The transaction is expected to increase the lifestyle hotel offerings of the American multinational hospitality company in Nashville, South Beach, Hollywood, Durham, New York City, and Catskills. […]
DHL Express, a German logistics company, has expanded its Faridabad service facility to strengthen its network in the Delhi/National Capital Region (NCR). According to the express service provider, the expansion of the centre forms part of its investment of €250 million in India since 2017. It also marks DHL Express India’s eighth service centre in […]
Coca-Cola India has collaborated with Adani Digital Labs, a digital arm of Adani Group, to use its consumer-centric platform Adani Sampling. The beverage giant will leverage Adani Sampling for product sampling and consumer insights to increase the reach of its product offerings and influence customers across India. Coca-Cola India will make its Fanta Apple Delite […]