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World’s richest woman and L’Oreal heiress Liliane Bettencourt dies aged 94

World’s richest woman and L’Oreal heiress Liliane Bettencourt dies aged 94

Liliane Bettencourt Death : The world’s richest woman Liliane Bettencourt with a net worth of $44.3 billion and also heiress to French cosmetics company L’Oreal, passed away aged 94 in Paris on Thursday. She had a peaceful death at her Paris home and on 21 October would have turned 95 years old according to a […]

Uber ban in London : Transport regulator says Uber is “unfit” for private hire operator licence

Uber ban in London : Transport regulator says Uber is “unfit” for private hire operator licence

Uber ban in London : In a massive blow to US-based Uber, the taxi services company’s five-year operating license in London will not be renewed after this month as it has been deemed to be unfit by the Transport for London (TfL). The decision from the Greater London transport regulator puts the future of 40,000 […]

Speyburn Single Malt Scotch Whisky launches 15 Years Old expression in US

Speyburn Single Malt Scotch Whisky launches 15 Years Old expression in US

Beverage industry news : Speyburn Distillery, owned by International Beverage Holdings has launched the 15 Years Old Speyburn Single Malt Scotch Whisky for whisky enthusiasts in the US to give them unique rich taste and aroma to whisky enthusiasts. The 15 Years Old Speyburn Single Malt Scotch Whisky will have a limited edition launch with […]

Nestle acquires majority stake in coffee roaster Blue Bottle Coffee

Nestle acquires majority stake in coffee roaster Blue Bottle Coffee

Food and beverage giant Nestle has agreed to buy a majority stake in Blue Bottle Coffee, a California-based specialty coffee roaster and retailer for an undisclosed price to foray into the rapid-growing, super premium coffee shop segment. Management of Blue Bottle Coffee will keep a stake of 32% following the transaction which is expected to […]

US fast casual restaurant chain Cafe Rio acquired by Freeman Spogli

US fast casual restaurant chain Cafe Rio acquired by Freeman Spogli

Restaurant industry news : Los Angeles-based private equity firm Freeman Spogli & Co has acquired a majority stake in Utah-headquartered US fast casual restaurant chain Cafe Rio Mexican Grill. Neither the stake nor the acquisition amount was disclosed by the concerned parties. However, Café Rio will be continued to be led by its existing management […]

CEFC China Energy to buy $9.1bn worth stake in Russian oil giant Rosneft

CEFC China Energy to buy $9.1bn worth stake in Russian oil giant Rosneft

Energy acquisition : In the latest oil and gas industry news, CEFC China Energy Company has agreed to buy a stake of 14.16% in Russian oil giant Rosneft Oil Company for $9.1 billion from the consortium of Swiss mining company Glencore and Qatar Investment Authority (QIA). The acquisition of the Chinese oil and gas company […]

Walt Disney opens new Disney Store in Shanghai in HKRI Taikoo Hui Mall

Walt Disney opens new Disney Store in Shanghai in HKRI Taikoo Hui Mall

Retail industry news : Walt Disney has inaugurated a new Disney Store in Shanghai, China in the HKRI Taikoo Hui Mall to offer customers exclusive Disney merchandise that is locally designed. The new Disney Store in Shanghai is located in what is called as a vibrant shopping and entertaining hub on the 789 Nanjing Road […]

Novo Nordisk wins FDA approval of Victoza for heart diseases in type 2 diabetes

Novo Nordisk wins FDA approval of Victoza for heart diseases in type 2 diabetes

FDA approval of Victoza : Danish pharma giant Novo Nordisk diabetes drug Victoza (liraglutide) has been approved by the U.S. Food and Drug Administration (FDA) for treating heart diseases in type 2 diabetes patients. Victoza as per the latest pharma industry news has now been indicated in the US to cut down the risk of […]

Nestle ties up with Amazon to launch new range of Maggi noodles

Nestle ties up with Amazon to launch new range of Maggi noodles

Nestle, the largest food and Beverage Company has tied up with e-commerce platform Amazon to launch its new range of famous Maggi noodles. Nutri Licious is the new range of Maggi noodles and it will be available to the customers from August 20, 2017 first in Amazon. Later it will be available across various retail […]

VF Corporation to acquire workwear manufacturer Williamson Dickie

VF Corporation to acquire workwear manufacturer Williamson Dickie

VF acquisition of Williamson Dickie : American worldwide apparel and footwear giant VF Corporation has signed an agreement to acquire workwear manufacturer Williamson-Dickie in an all-cash deal worth around $820 million. VF Corporation says that the Williamson Dickie acquisition aligns with its commitment to active portfolio while boosting its growing workwear platform further. The subsequent […]

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