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Russell Hume moves into administration following meat hygiene scandal

Russell Hume moves into administration following meat hygiene scandal

Meat industry news : The recent meat hygiene scandal in the UK seems to have taken its toll on Derby-based meat supplying business Russell Hume as it moved into administration, leaving the fate of 300 employees in the dark. Russell Hume is one of the two meat suppliers that had recently come under the scanner […]

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Albertsons Rite Aid merger : Albertsons to buy 2,500+ drug stores of Rite Aid

Albertsons Rite Aid merger : Albertsons to buy 2,500+ drug stores of Rite Aid

Albertsons Rite Aid merger : US grocery retailer Albertsons Companies has struck a deal to acquire over 2,500 drug stores that Rite Aid did not sell to Walgreens Boots Alliance. According to the latest retail acquisition news, the merger of Albertsons Companies with the remaining Rite Aid drug stores is expected to create a food, […]

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Cepsa buys into Abu Dhabi offshore concession for $1.55bn

Cepsa buys into Abu Dhabi offshore concession for $1.55bn

Cepsa, a Spanish oil and gas company has picked up a participating stake of 20% in an Abu Dhabi offshore concession SARB and Umm Lulu for a price of AED 5.5 billion ($1.5 billion). The stake in the Abu Dhabi offshore concession was granted by the Abu Dhabi National Oil Company (ADNOC), representing the Abu […]

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Natural Grocers to open new grocery store in Warrenton, Oregon

Natural Grocers to open new grocery store in Warrenton, Oregon

Natural Grocers Warrenton store opening : Specialty retail chain Natural Grocers is all set to bring organic and natural groceries in Warrenton, Oregon through a new store opening on 28 February. The new Natural Grocers Warrenton store, which has been built at 137 S. Highway 101, will be the tenth store of the US specialty […]

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HECL to distribute Cardax astaxanthin dietary supplement ZanthoSyn in China

HECL to distribute Cardax astaxanthin dietary supplement ZanthoSyn in China

Cardax, a Hawaii-based pharma company has inked a purchase agreement with Hong Kong-based Health Elite Club (HECL) for distribution of ZanthoSyn, its astaxanthin dietary supplement for inflammatory health and longevity, in China, Macau, Taiwan and Hong Kong. HECL targets affluent and high-profile Chinese in its membership-based, invitation-only club and will sell most of the ZanthoSyn […]

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Electronic toys manufacturer KD Interactive to launch social robot My Loopy

Electronic toys manufacturer KD Interactive to launch social robot My Loopy

French electronic toys manufacturer KD Interactive, which is known for its range of Kurio tablets and smartwatches, is set to launch a new social robot named as My Loopy for kids, aged four and over, that can teach STEM (science, technology, engineering and math) concepts. The new three-inch tall social robot My Loopy, which will […]

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Affinity Beverage Group acquires Jawea ice cream brand

Affinity Beverage Group acquires Jawea ice cream brand

Food acquisition news : Florida-based Affinity Beverage Group has acquired Artisanal Edge, the owner of New York-based Jawea dairy-free frozen desserts for an undisclosed price. Launched in late 2015, Jawea is a range of all natural, vegan coconut-based ice cream that is free from gluten and soy. The Jawea ice cream range is available currently […]

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Oracle to acquire hybrid security company Zenedge

Oracle to acquire hybrid security company Zenedge

Oracle acquisition of Zenedge : Oracle has agreed to acquire Florida-based hybrid security company Zenedge for an undisclosed price to add cloud-based network and infrastructure security capabilities to its portfolio. Headquartered in Aventura, Zenedge helps in protecting critical IT systems deployed through cloud, on-site or hybrid hosting environments. The Web Application Firewall (WAF) and Distributed […]

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Mitsui to buy additional stake in Collahuasi Copper Mine in Chile

Mitsui to buy additional stake in Collahuasi Copper Mine in Chile

Japanese conglomerate Mitsui has agreed to buy an additional stake of 3.60% in the Collahuasi Copper Mine in Chile from JX Nippon Mining & Metals for an undisclosed price. The transaction will increase the overall stake of Mitsui in the Collahuasi Copper Mine to 11.03%. Located nearly 200km southeast of Iquique in northern Chile, the […]

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VTB Group buys 29.1% stake in Russian supermarket chain Magnit for $2.45bn

VTB Group buys 29.1% stake in Russian supermarket chain Magnit for $2.45bn

Retail acquisition news : State-controlled Russian bank VTB Group has agreed to buy out a 29.1% stake in Russian supermarket chain Magnit for a sum of nearly RUB 138 billion ($2.45 billion) from its owner and founder Sergei Galitsky. Established in 1994, Magnit has emerged as a leading Russian food retailer with a total of […]

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