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Featured Article
How to Make Great Leadership Decisions
We are quick to pass judgment and make snap decisions. The smarter and more educated we are, the more overconfident we are about our conclusions. Humanity doesn't have a good track record for decision-making. Businesses are even more notorious for failed product launches, mergers and acquisitions... Read More...
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People on the Move
Greek yogurt maker Chobani lures Kellogg executive. More...
Peter McGuinness resigns as CEO of DDB Chicago, joins Chobani. More...
Starbucks welcomes Deverl Maserang as EVP, Global Supply Chain. More...
Hershey names Waheed Zaman SVP & Chief Administrative Officer. More...
Yves Saint Laurent gets new CEO. More...
Former WH Smith boss Kate Swann takes over as chief of SSP. More...
Wal-Mart India head leaves as store rollout struggles. More...
Diageo shake-up of Red Stripe sees HR head step down. More...
Campbell's makes another investment in R&D. More...
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Industry News
MidOcean Acquires Water Pik
MidOcean Partners, a New York based private equity firm, has acquired - along with Vulcan Capital and other investors - Water Pik, Inc., well known for its oral health care products. Read more...
Loblaw is Buying its Biggest Pharmacy Chain
The Loblaw Companies Limited, Canada's largest grocer will acquire Shoppers Drug Mart, the country's biggest pharmacy chain, for $11.9 billion in cash and stock. Read more...
Flowers Gets Approval to Acquire Hostess Bread Assets
Regulators have approved Flowers Foods' purchase of some Hostess Brands bread brands, including Wonder, Merita and Nature's Pride. The $360 million deal also gives Flowers 20 bakeries and 36 depots. Read more...
Boulder Acquires Level Life to Expand Line of Healthy Foods
Boulder Brands, which already maintains a strong presence in the gluten-free market, is making another addition to its health and wellness platform with the acquisition of an 80% stake in GlucoBrands, owner of Level Life Foods. Read more...
Kroger Buys Rival Grocer Harris Teeter, Citing Potential for Growth
In what may strike shoppers as an odd union, Kroger, the nation's second-largest retailer, announced it would buy Harris Teeter, an upscale grocer known for fresh foods and produce, in a deal valued at $2.5 billion. Read more...
LVMH to Buy Control of Loro Piana for $2.6 Billion
A fringed scarf, $4,195. A knitted jacket, $28,995. A "St. Petersburg" coat, $46,500.
These are the prices that customers of Loro Piana are willing to pay for the Italian fabric company's fine wares. On July 8th, a buyer agreed to pay billions for the company itself. Read more...
Campbell Soup Seeks to Boost Footprint in China with Deal to Buy Danish Baked Snacks Maker Kelsen Group
Campbell Soup Company has entered into an agreement to acquire Kelsen Group A/S from Maj Invest, a private equity firm, and several other investors. Read more...
S.C. Johnson to Sell Canada's Fruits & Passion to South Korean Cosmetics Retailer
S.C. Johnson & Son Inc. confirmed it reached a deal to sell Canadian body care and fragrance retailer Fruits & Passion to cosmetics and skincare products retailer Thefaceshop Company Ltd., a unit of South Korean conglomerate LG Corp. Read more...
TreeHouse Foods to buy Cain Foods for $35M cash
TreeHouse Foods has agreed to buy Cains Foods L.P., a privately owned Ayer- based manufacturer of shelf stable mayonnaise, dressings, and sauces. Read more...
Unilever Looks to Sell Snack Brand Peperami
Anglo-Dutch consumer goods conglomerate Unilever is looking for a buyer for snack brand Peperami, in line with chief executive Paul Polman's plan to prune product portfolios. Read more...
Kohlberg to Acquire Steinway Musical Instruments
Steinway Musical Instruments, Inc., a global leader in the design, manufacture, marketing and distribution of high quality musical instruments, has entered into a definitive agreement to be acquired by an affiliate of Kohlberg & Company, a global private equity investment firm, in a transaction valued at approximately $438 million. Read more...
Fresh Del Monte, Pinnacle reportedly eye Del Monte Foods unit
Pinnacle Foods and Fresh Del Monte are among the companies considering offers for Del Monte Foods' canned foods business, a deal that could be worth more than $1.5 billion. Read more...
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