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. 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.
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.
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.
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.
INTERNATIONAL. In this excerpt from Greenspan's appearance at the New Orleans Investment Conference, The Gold Report delves into the role of gold versus fiat currency, why central banks own so much gold if it is truly "a barbarous relic," and the reason China is buying so much gold today.