Lactalis to Shut Down Facility in Zambia
Lactalis has confirmed the closure of its factory in Zambia, as announced by the country’s government. According to Chipoka Mulenga, Zambia’s Minister of Commerce, Trade,...
Tag : business news
CMA Approves $3.9 Billion Purchase of Eviosys
On 24 October, the CMA initiated a Phase 1 investigation to review the proposed merger of two businesses, initially agreed upon in July for $3.9...
Carlsberg Receives Regulatory Approval for £3.3 Billion Britvic Acquisition
On 8 July 2024, Carlsberg and Britvic reached a landmark agreement, which subsequently gained the support of Britvic shareholders in late August following the company’s...
Oatly to Shut Down Singapore Facility Amid Ongoing Cost-Cutting Measures
Oatly, headquartered in Sweden, plans to close its Singapore manufacturing facility. This decision is part of a broader strategy aimed at reducing costs and steering...
Chapel Down Names New CEO Following CFO Resignation
Chapel Down has made a significant leadership change with the appointment of James Pennefather as the new chief executive. He will officially join the company...
MycoTechnology Appoints New CEO
Effective 2 January 2025, Jordi Ferre will assume the role of CEO, succeeding interim CEO Ranjan Patnaik, who will refocus on his primary responsibilities as...
Typhoo Secures £10.2 Million Acquisition from Administration
Typhoo Tea announced the appointment of administrators after facing mounting losses in recent years. Following this, Supreme swiftly moved to secure a potential acquisition deal....
Waitrose Launches Its First New Store in Six Years
Waitrose has opened a new 3,000 square foot convenience shop in Hampton Hill, located in south west London. This marks the retailer’s first new location...
Allan Leighton Named Executive Chair of Asda
Asda has officially announced the appointment of Allan Leighton as the new executive chair, taking over from Lord Stuart Rose. Allan Leighton boasts an extensive...
Typhoo Tea Enters Administration as Supreme Readies to Finalize Acquisition
Earlier this month, the firm filed a notice of intention (NOI) to appoint administrators and is currently collaborating with advisory firm Kroll. This move has...