Food service, Retail, E-commerce
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H.I.G. Capital divests Greenwich–based specialty food distributor Lipari Foods to investor group
US – H.I.G. Capital, a leading global alternative investment firm, has completed the divestment of US-based specialty food distributor Lipari Foods to an investor group…
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Walmart India registers revenue growth of 7% in FY22, loss widens to ₹299 crore
INDIA – Walmart India Pvt, a wholly-owned subsidiary of Walmart Inc., has witnessed its loss widening to ₹299.01 crores (US$36.24million) in FY22 from ₹ 200.80…
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Famous Brands banks on festive season to boost sales as it more than doubles interim earnings
SOUTH AFRICA – South African restaurant franchisor, Famous Brands has reported a 121% rise in half-year earnings, to 215 cents for the period to end…
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Orkla spins-off business, restructures executives to become an industrial investment company
NORWAY – Norwegian conglomerate, Orkla, has announced hiving off its business into 12 individual units, to become a leading industrial investment company with brands and…
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Herdez del Fuerte acquires Interdeli and associated business Deli, Dips & Snacks for US$29.4m
MEXICO – Herdez del Fuerte, an equally-split joint venture between Grupo Herdez and Mexican conglomerate Grupo Kuo, has acquired Libanius (Interdeli and Deli, Dips &…