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: April 23, 2013
LEBANON. Highest footfall ever for a shopping mall opening in the Levant region.
Posted: April 16, 2013
UAE. Park Bravo Dis Ticaret A.S. is the master franchisee of Nine West, Anne Klein and Enzo Angiolini brands in Turkey.
Posted: April 8, 2013
UAE. "Cold beverages and dairy product range, and interestingly more contemporary segments like energy drinks, malt drinks and flavoured dairy products are leading the spurt."
Posted: April 4, 2013
UAE. Middle East's largest consumer IT and electronics show kicks off with deals on latest consumer electronics.
Posted: March 27, 2013
UAE. This association will increase Gitanjali's presence in the country through Paris Gallery's regional positioning and its vast network of luxury stores.
Posted: March 18, 2013
UAE. BCG research shows that the rise of the middle class in China and India could prompt widespread shortages and inflation, but smart investment, policies, and technologies could forestall crisis.
Posted: March 17, 2013
INTERNATIONAL. Marks & Spencer was at the centre of fresh bid speculation on Sunday, with takeover talk resurfacing after a year of weak trading and a flat share price.
Posted: March 11, 2013
UAE. The deal will see Irish entrepreneur Paul Kenny, founder and current CEO of Cobone.com, maintain his position along other members of Cobone's leadership team.
Posted: February 28, 2013
UAE. Convenience, transparency and social media identified as industry game-changers.
Posted: February 25, 2013
UAE. By 2017, GCC consumer spending on food valued at US$106 billion, according to A.T. Kearney; Food remains the largest segment of consumer expenditure in the region, standing at US$83 billion year-end 2012 of the total US$300 billion.
Posted: February 20, 2013
UAE. YouGov's BrandIndex highlights the five brands that witnessed the highest increase in Buzz Score during DSF 2013, by examining consumer perception across four sectors (malls, hotels & resorts, dining and fashion).
Posted: February 13, 2013
UAE. While Valentine's Day is a relatively new holiday to the MENA region, mall decorations, online gift deals and advertisements from local restaurants make it hard to ignore; 35% of women respondents prefer jewellery, while only 4% prefer chocolates.
Posted: February 5, 2013
UAE. Credit Suisse publishes third annual Emerging Markets Consumer Survey, a detailed study profiling consumer sentiment within the BRIC nations (Brazil, Russia, India and China) alongside those of Turkey, Saudi Arabia, Indonesia, and, for the first time, South Africa.
Posted: February 4, 2013
QATAR. Existing concerns include record temperatures in Australia this month, signs that the US drought may persist for another year and low levels of food stocks.
Posted: February 4, 2013
UAE. Event marks Dubai's evolution as an international hub for fashion with the global initiative by Vogue.
date:Posted: June 19, 2013
INTERNATIONAL. Year-to-date, the gold futures have corrected 18.43% to US$1,367 while the CRB Commodities Index dropped 2.91% and the Dollar Index rose 1.06%.