That’s Japanese!? America’s Favorite Pasta Brands Ragú and Bertolli sold off for $2.15bn to Japanese Mizkan Group
Japan’s Mizkan Group announced on May 22 that it will be buying popular western pasta sauce brands Ragu and Bertolli from London-based multinational consumer goods giant Unilever for $2.15bn, making it its most gallant expansion till date. The Mizkan Group’s is a privately-owned corporate entity, and is one of the oldest existing producers of rice [...]
While bird flu is spreading wider and wider in China, it has also affected US-based Yum Brands Inc.’s results as its same store sales in the world’s second economy slumped approximately 20 percent in the first quarter ended March 23. However, still the fast-food giant appears to have got off problems lightly as it underlined that the first quarter profit dropped less than initially expected.
On the 3rd of January, Starbucks Corp. informed that it would launch its first café in Vietnam in February 2013. The decision comes as the Seattle-based company is trying to expand its presence in the Asia-Pacific region.
Nestle, one of the largest food companies in the world, has extended its Product Technology Centre situated in Konolfingen, Switzerland in order to increase its research and development. The extension is likely to help Nestle enhance the company’s innovative equipment for the purpose of new goods development and employ these for the international operations of the company.
The global nature of the food industry at present is such that everything seems to be connected. This is evident from the fact that harsh storms along off the coast of Peru have resulted in a considerable rise in the price of oily fish which in turn is likely to affect the demand of Scottish farmed fish in a positive way along with Chinese pigs as well as Omega 3 tablets in Barratt and Holland.
Company Profile of Bajaj Hindusthan Ltd. Produced by Christine Taylor India’s Sweet-tooth Bajaj Hindusthan Ltd, is a part of the prestigious ‘Bajaj Group’ and is headquartered at Mumbai, India. It was incorporated in 1931 and was initially known as The Hindustan Sugar Mills Ltd. With fourteen sugar plants conveniently located in the northern India, Bajaj [...]