Pilgrim's Pride Forms Special Committee To Review Meatpacker JBS Buyout Bid
Pilgrim's Pride Corp said its board has formed a special committee of independent directors to evaluate JBS's unsolicited bid.
Corporate news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Refresco Plots Potential IPO At $10bn-Plus Valuation, Sources Say
Refresco and its owner KKR took pitches from investment banks in recent weeks for roles on a potential initial public offering, sources told Reuters.
PepsiCo cuts profit forecast as rising costs hit North American business
PepsiCo has lowered its full-year profit forecast, due to rising costs and weaker demand for its snacks and drinks. It now expects core earnings per share, excluding currency…
Luxury pastry shop Wittamer receives 3.8 million euros in fresh capital for restructuring and expansion
The owners of the Brussels-based pastry shop Wittamer are injecting 3.8 million euros into the company. With this fresh capital, the purveyor to the royal court aims to restore…
British drugstore chain Boots to come under Canadian ownership
The Canadian billionaire Weston family, former owners of the luxury department store chain Selfridges, is acquiring the British drugstore chain Boots from the investment fund…
Boots sold to Weston family in £6.7bn deal
Boots is set to change hands again after the Canadian arm of the billionaire Weston family agreed to acquire the health and beauty retailer for $8.9bn (£6.7bn), including debt…
Parfetts brings The Local fascia to four Carlisle stores
The deal has seen investment across the four stores, including new branding and refreshed layouts
Another Mattel investor pushes for potential sale
Ariel Investments wants the toy company to explore strategic alternatives, which could also include a divestiture of assets or a merger.
Portugal’s Lusiaves makes Padesa latest Spanish poultry buy
Grupo Lusiaves, the Portuguese poultry producer, has expanded its presence in Spain with a majority stake in local peer Padesa. The post Portugal’s Lusiaves makes Padesa latest…
Walmart to build Ohio fulfillment center for oversized goods
The $300 million investment near Cincinnati will specialize in handling larger, non-sortable items, including televisions and furniture.
Parfetts grows southern symbol estate to 41 stores
The expansion has included the opening of the first Go Local Extra store in London
Lidl attracts 43m extra visits as Lidl Plus investment fuels growth
Lidl GB has reported a sharp rise in sales and customer numbers, with digital innovation playing a growing role in driving shoppers into stores. The post Lidl attracts 43m extra…