Danish Crown appoints Thomas Ahle as new chief financial officer

DENMARK – The European meat cooperative, Danish Crown has appointed Thomas Ahle as the company’s new chief financial officer (CFO), effective February 2020. Thomas will take over from the Preben Sunke, who will concentrate on […]

Clearly Drinks invests in UK flavored water brand Revolution Waves

UK – Clearly drinks, a Sunderland based soft drink manufacturer has invested an undisclosed amount in flavored water brand Revilution Waves, reports Insider. Revolution Waves was established in 2017 by entrepreneur and former international rugby […]

M&S announces four new senior appointments to strengthen its food business

UK – Mark & Spenser (M&S) has announced four new senior appointments as the British retailer moves to reinforce its food division ahead of the online joint venture with Ocado next year. The retailer has […]

Australian packaging firm Orora to sell its fibre business for US$1.15bn

AUSTRALIA – Orora Ltd, an Australian packaging maker has agreed to sell its local fibre materials business to Japan’s Nippon Paper Industries for A$1.72 billion (US$1.15 billion). The sale of the business is set to […]

Uber to acquire Latin American online grocery delivery service Cornershop

CHILE – Uber Technologies has announced that it has agreed to acquire a majority stake in a Latin American online grocery provider Cornershop which has operation in Mexico, Chile and Peru. Details of the agreement […]

Valeo Foods completes acquisition of Campbell’s crisps business in Europe

IRELAND – Irish food group, Valeo Foods has closed the acquisition of European chips business from the Campbell Soup Company for approximately US$80 million. The acquisition, which was announced in September this year, includes Kettle […]

Japanese retailer Seven & I unveils major restructuring plan with 3000 jobs at stake

JAPAN – Seven & I Holdings Company, the largest convenience stores operator in Japan has unveiled a major restructuring strategy at its group subsidiaries that will result to loss of 3000 jobs. As it continues […]

Singapore mulls ban of advertisements for sugary drinks to curb diabetes

SINGAPORE – Singapore plans to implement a ban on advertisements of certain fizzy drinks and juices as part of a raft of measures to curb high diabetes rates associated with consumption of sugar. As one […]

Walmart chief executive for US Greg Foran to step down early 2020

USA – Walmart Inc has announced that its chief executive in charge US operations, Greg Foran will be leaving the company at the end of January 2020. The American retailer has appointed the head of […]