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 Gulf based gourmet food company and owner of the iconic gourmet date confectionery boutiques and premium cafes, has announced a new partnership with the Asian private equity fund sponsored by LVMH.
UAE. Alpen Capital study forecasts promising growth for retail sector across GCC; retail structure undergoing significant transformation, driven by the social and economic developments; the outlook for Qatar is most optimistic.
UAE. Russian shoppers caught in a currency crunch are staying away from the Dubai Shopping Festival (DSF) this year, but visitors from elsewhere look set to make up the numbers at the annual retail bonanza.
UAE. Minelab opens US$2 million 'Gold divison' state-of-the-art retail facility in Dubai; will act as a regional base and a well-connected transit hub for the movement of Minelab people and products across Africa.
TUNISIA. Investment enabled expansion of Company's North African footprint and increased product range; Construction of new state-of-the-art production plant to further improve long-term growth prospects.