INTERNATIONAL. Kraft's recent announcement to split its operations into two publicly traded companies outlines a plan to create two different trading entities with distinct priorities and strengths.
This is intended to help the company achieve the next stage of its ongoing restructuring process, since its acquisition of Cadbury in January 2010.
Kraft is now bundling and spinning off its US Beverages, Cheese, Convenient Meals and Grocery segments, the non-snack categories in Canada and its foodservice operations, which are worth an estimated US$16 billion in sales in total.
The larger of t
Posted: November 24, 2014
UAE. International Autumn Trade Fair, now branded as "Smart Living"; UAE's retail sales crossed US$66 billion in 2013, according to A.T. Kearney Global Retail Development Index.
Posted: November 19, 2014
SAUDI ARABIA. Saudi Arabia is the single-largest food market in the Gulf, accounting for more than 60% of the region's total food consumption.
Posted: November 17, 2014
SAUDI ARABIA. Fawaz Alhokair Group plans to raise US$2 billion from the initial public offering of its Arabian Centres malls unit, surpassing a similar sale by rival Dubai operator Emaar Properties.
Posted: November 14, 2014
OMAN. A key element in food security, agrobiodiversity has become an issue of increasing international concern in recent years, as a rapidly growing world population has already begun to impact on food demand.
Posted: November 10, 2014
UAE. The new Solana collection is inspired directly from the brightness and warmth of the sun which is pictured in the name translating into "sunny spot" in Spanish.
Posted: November 6, 2014
UAE. Doors will open to the public for the first time at 10.00 a.m. on 19th November, days ahead of the 2014 Formula 1 Etihad Airways Abu Dhabi Grand Prix.
Posted: November 4, 2014
UAE. The Most admired retailer of the year in the Luxury segment commends a business that has proven to be world class in the category of luxury watches, eyewear, writing instruments, leather accessories and luxury communication.
Posted: October 31, 2014
UAE. UAE textile industry is undergoing major reorientation toward non-clothing applications; UAE export share ahead of Germany, France, Italy, Spain, Netherland and China; World textile and apparel trade expected to reach US$805 billion by 2015.
Posted: October 29, 2014
UAE. Macy's will open its first namesake location outside the US in 2018, a four-level store slated to anchor a new shopping center in Al Maryah Island.
Posted: October 27, 2014
UAE. "Journey of a Dress" exhibition until October 31st.
Posted: October 23, 2014
UAE. The Middle East Council of shopping Centres (MECSC) recognizes Majid Al Futtaim for his contributions to the MENA region.
Posted: October 22, 2014
UAE. Soaring population statistics and up to 90% reliance on imported products foster long term supply concerns; GCC government focus on strategic diversification and domestic initiatives for future sector sustainability.
Posted: October 8, 2014
UAE. Acquisition demonstrates Abraaj's continued commitment to execute proprietary African private equity investments, and continued focus on market-leading African businesses targeting the rising middle and consumer classes.
Posted: October 8, 2014
INTERNATIONAL. Coty aims to strengthen its global leadership position in color cosmetics; CHANEL would become an important shareholder of COTY upon successful completion of the transaction.
Posted: October 7, 2014
INTERNATIONAL. EU anti-trust regulators have opened a probe into Internet shopping giant Amazon's tax arrangements with Luxembourg, which may amount to illegal state aid.
date:Posted: January 26, 2015
UAE. Employers need to create a long-term culture, focusing on professionals looking to establish their careers here rather than expatriates who stop by in the Gulf to avail themselves of tax benefits.