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
UAE. Family firms are the backbone of the Gulf economies, generating an estimated 80% of non-oil GDP; the next generation is going to inherit large often supra-regional businesses; Global statistics however suggest that only 15% generate value in their third generation.
EGYPT. Jumia's "Shop-in-shop" set to propel retail businesses forward, through access to its own nationwide shipping fleet, storage facilities, customer service platforms and offer buyers flexible payment methods.
UAE. Abu Dhabi ranks fourth amongst the top 20 hottest retail markets; London and Dubai are significantly ahead of New York, Moscow and Shanghai, the other locations which make up the top five; Luxury brands account for a quarter of new market entrants globally.
INTERNATIONAL. U.S. Secretary of State John Kerry pressed regional proxies to nail down a Gaza ceasefire as the civilian death toll soared, threatening to spread Israeli-Palestinian bloodshed to the occupied West Bank and Jerusalem.