Bidders unilever kelloggs and pepsico hungry for graze takeover

Representative Image India's biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever, two sources familiar with the plan told Reuters. Reliance, run by Indian billionaire Mukesh Ambani , plans to build a portfolio of 50 to 60 grocery, household and personal care brands within six months and is hiring an army of distributors to take them to mom-and-pop stores and bigger retail outlets across the nation, the sources added. The consumer goods push under a vertical named Reliance Retail Consumer Brands will come on top of Ambani's brick-and-mortar store network of more than 2,000 grocery outlets and ongoing expansion of "JioMart" e-commerce operations in India's nearly $900 billion retail market, one of world's biggest. Reliance is in final stages of negotiations with around 30 popular niche local consumer brands to fully acquire them or … [Read more...] about Reliance to acquire dozens of brands in $6.5 billion consumer goods play: Report

In March 2022, Fast Company reached out to 191 companies with a survey asking about their stance on abortion access, the policies they have in place around abortion care, and how they planned to respond to the forthcoming SCOTUS ruling. Our list of companies included the top 100 largest businesses by revenue, consumer-facing brands with workforces in states with restrictive abortion laws, and some of the largest companies by market cap in all 13 states with trigger bans. advertisement This is part of a series of articles on the business case for abortion access. See the full package here . The survey was conducted via Google Forms and emailed to people in the PR or communications department at each company. Questions included, Does your employee healthcare policy cover abortion care in states where that is legal?; Have your employees expressed concerns about abortion access and/or the impending Supreme Court decision on abortion?; and, If the Supreme Court … [Read more...] about Fast Company surveys nearly 200 companies about abortion access

Ambani is an experienced operator who’s keen to expand the retail arm of his conglomerate Reliance Industries Ltd. (Photo by Bloomberg) - A + A (May 14): Britain’s billionaire Issa brothers and Indian tycoon Mukesh Ambani are preparing to face off in the final battle for the Boots drugstore chain, one of the UK high street’s most recognisable names. The Issas are seen as the party to beat ahead of next week’s deadline for proposals after they submitted the highest offer in the first round, people with knowledge of the matter said. The duo are going up against Ambani, who’s been working on a bid together with buyout firm Apollo Global Management Inc. Bidders are now sizing up Boots’ billions in pension guarantees — which they’ll have to take on — as they figure out how much they can pay for the business, the people said. They’re also working around the clock to arrange financing in a difficult market, which has gotten that much tougher due to the war in Ukraine, … [Read more...] about Billionaires face off in final battle for UK high street staple

- A + A NEW YORK/BENGALURU (May 16): Wall Street's main indexes fell on Monday, as downbeat data out of China added to worries about a global economic slowdown against the backdrop of aggressive policy tightening by the US Federal Reserve. Chinese and European stock markets fell, while oil slid as data showed China's economic activity cooled sharply in April as Covid-19 lockdowns took a heavy toll on consumption, industrial production and employment. Nine of the 11 major S&P sectors declined in morning trade. Technology and consumer discretionary stocks fell 1.6% and 1.8% respectively. Big growth companies such as Amazon.com, Alphabet Inc, Microsoft Corp, Apple Inc, Tesla Inc and Nvidia Corp slipped between 1.1% and 2.6%. Energy shares outperformed and were up 1.5%. Wall Street closed sharply higher on Friday, but still the S&P 500 and the Nasdaq indexes posted their longest weekly losing streaks in over a decade. "Investors are just a little bit … [Read more...] about Wall Street falls as growth stocks, glum China data weigh

- A + A (May 17): The S&P 500 ended lower on Monday, with Tesla and other growth stocks losing ground after downbeat Chinese economic data added to worries about a global slowdown and rising interest rates. China's economic activity cooled sharply in April as widening COVID-19 lockdowns took a heavy toll on consumption, industrial production and employment, adding to fears the economy could shrink in the second quarter. However, energy stocks got a lift from optimism that China would see significant demand recovery after positive signs that coronavirus pandemic was receding in the hardest-hit areas. The S&P 500 energy index rallied to a 2014 intra-day high, and it closed up 2.6%, making it the strongest performer among 11 sector indexes. Investors questioned whether a strong day on Wall Street last Friday might signal the end of a recent sell-off that has left the S&P 500 down about 16% from its record high close in January. "After the big rally on … [Read more...] about S&P 500 ends lower as Tesla falls, while energy rallies

This article first appeared in Forum, The Edge Malaysia Weekly, on May 16, 2022 - May 22, 2022. Manager Thomas Tuchel admits that the whole business has been a distraction for the squad whose performances have dropped off in recent weeks - A + A Regardless of how ill-gotten his gains may have been, or how close he is to the planet’s arch-villain of the moment, as Chelsea FC owner, Roman Abramovich is proving a devilishly hard act to follow. As a weary team prepared to take on Liverpool in the FA Cup final on May 14, matters off the field looked even more daunting. Just completing the sale of the club to an American-led consortium, the Blues find themselves in what UK ministers are calling “an incredibly complex situation”. The May 6 signing in London of a purchase agreement by preferred bidder Todd Boehly, who has met the sale price of £2.5 billion, was a significant step forward, but major obstacles remain. Having sanctioned Abramovich for being “a close … [Read more...] about Business Of Sports: Chelsea fret over the fall of the Roman Empire