Kwik Lok names Gary Tong as Vice President of Engineering and Innovation

USA – Packaging manufacturer, Kwik Lok Corporation has appointed Gary Tong as the company’s Vice President of Engineering and Innovation. The Washington based packaging manufacturer noted the new role was created to lead its engineers and foster a culture of increased innovation, continuing the company’s legacy of “creating clever customer solutions.” Gary is a seasoned […]

Packaging manufacturer Kwik Lok to debut new ‘Closing Line of the Future’

USA – Kwik Lok Corporation, a Washington based packaging manufacturer, announced they will feature the “bakery closing line of the future” at the upcoming International Baking Industry Exposition (IBIE) in Las Vegas. During the event scheduled to take place on September 8-11 in Las Vegas, Kwik will be showcasing the new closing line which features: […]

Kwik Lok CEO to retire, appoints Don Carrell to succeed role

USA – Packaging manufacturer, Kwik Lok Corporation has appointed Don Carrell as the new Chief Executive to succeed John K. Rothenbueler who will be retiring from the company as from April 1, 2019. The company said John K. Rothenbueler will maintain his role as Board Chairman and ensure a smooth transition. He was appointed Directors […]

Kwik Lok President to retire, Motohiro Kawai appointed to succeed role

JAPAN – The Japanese manufacturer of plastic bag closures for the packaging industry, Kwik Lok Japan Ltd has announced that the company President, Shinichi Sugiura plans to retire as of April 1, 2019. Motohiro Kawai, a Japanese native has been appointed as new President for Kwik Lok Japan Ltd and will work closely with Sugiura […]

Kwik Lok appoints Xiuming Bai regional sales director in China

CHINA –  Kwik Lok Corporation, a Yakima, Washington based packaging manufacturer has appointed Xiuming Bai (Robert White) as Regional Sales Director to lead the sales team in China. Xiuming Bai, a Chinese American joins Kwik Lok Corporation’s global sales team and will head up Kwik Lok’s Chinese Office based in Shanghai. Prior to his appointment, […]

BigBasket completes acquisition of RainCan, Morning Cart and Kwik24

INDIA – Online grocery store BigBasket has completed the acquisition of three startups, taking 100% stake in two milk ventures RainCan and Morning Cart and a controlling stake in Kwik24, according to an ET Retail report. RainCan and Morning Cart acquisitions marks the company’s entry into micro-delivery segment which includes milk delivery and omnichannel grocery […]

BigBasket in talks to acquire majority stake in Kwik24 start-up company

INDIA – The Indian online grocery and food products provider, BigBasket is eying a majority stake in smart vending machines start-up Kwik24 in an effort to expand its offline grocery business. ET Retail reported that according to people familiar with the matter, BigBasket had earlier launched a pilot program with Kwik24 to deploy smart vending […]

BigBasket secures US$150m funding led by South Korea’s Mirae

INDIA – India’s leading grocery retailer, BigBasket has raised US$150 million in funding led by South Korea’s Mirae Asset Management to expand its online platform. According to ET Retail report, the latest round which was also backed by UK’s development finance institution CDC Group, along with Chinese e-commerce giant Alibaba values BigBasket at close to […]

Kroger completes sale of convenience store unit to EG Group for US$2.15bn

USA – Kroger, the American retailing company has announced that it has completed the sale of its convenience store unit to the UK based fuel stop and convenience store retailer, EG Group. The transaction includes 762 convenience stores operating under the Turkey Hill, Loaf ‘N Jug, KwikShop, Tom Thumb and QuikStop brands, including 66 franchise […]

Naspers may partner Tencent to deliver $200 million to Swiggy

INDIA – South African Internet group Naspers has emerged as the frontrunner to lead a $150-200 million investment in Swiggy, after SoftBank and Flipkart ended independent funding discussions with the online food-delivery platform, according to three people briefed on the matter. The deal could likely value the three-year-old venture at $600-650 million before the investment, […]