Wednesday 29 June 2022
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Roasters

Kraft Heinz reviews options to sell Maxwell House coffee business, says Cnbc

Desk3 -
MILAN — Kraft Heinz Co has appointed investment bank Crédit Suisse to review options for its Maxwell House coffee business, including a potential sale,...
Companies

Cott announces the sale of its soft drink concentrate production business

Desk3 -
TORONTO and TAMPA, FL, U.S. – Cott Corporation has announced the sale of its soft drink concentrate production business and its RCI International division...
Cocoa

DWF advises Burton’s Biscuit Company on sale of chocolate manufacturing refinery

Desk3 -
MANCHESTER, UK — DWF has advised Burton's Biscuit Company on the sale of its chocolate manufacturing refinery in the Wirral to Swiss chocolate firm...
Companies

Newell Brands announces agreements to sell Pure Fishing and Jostens

Desk3 -
HOBOKEN, N.J., U.S. — Newell Brands made substantial progress on its Accelerated Transformation Plan, designed to create a simpler, faster, stronger consumer-focused portfolio of...

Whitbread to focus on hotel brands after selling Costa Coffee to Coca-Cola

Desk3 -
LONDON, UK – Whitbread Plc published its first set of financial results since announcing that it was selling Costa Coffee chain to Coca-Cola. UK’s largest hospitality group reported today a 2.6 percent rise in revenues year on year in the six months to the end of August ...
Companies

Nestlé to sell Gerber Life Insurance Co. to Western & Southern Financial Group

Desk3 -
VEVEY, Switzerland — Nestlé late Monday said it has agreed to sell the Gerber Life Insurance Company ("Gerber Life"), to Western & Southern Financial...
Companies

Le Duff America closes sale of Timothy’s World Coffee and mmmuffins

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DALLAS, U.S. — Le Duff America, the Dallas-based affiliate of global French bakery-café leader Groupe Le Duff, has completed the sale of two of...
Companies

Selecta sells Selecta Finland after the acquisition of Pelican Rouge

Desk3 -
Baker McKenzie advised Selecta AG (“Selecta”), a leading European vending and coffee services provider on its sale of Selecta Finland to JOBmeal. This was...
Chocolate

Nestlé agrees to sell U.S. confectionery business to Italian Ferrero

Desk3 -
VEVEY, Switzerland – Nestlé yesterday announced that it agreed to sell its U.S. confectionery business to Ferrero. The transaction is expected to close around the end of the first quarter of 2018 following the completion of customary approvals and closing conditions. Nestlé CEO Mark Schneider commented: "With Ferrero we have found an exceptional home for our U.S. confectionery business ...
Companies

Cott announces update on the UK Competition Markets Authority process

Desk3 -
TORONTO and TAMPA, FL, U.S. – Cott Corporation (NYSE:COT; TSX:BCB) yesterday announced a progress update on the United Kingdom ("UK") Competition Markets Authority ("CMA") process in regards to its previously announced sale of its traditional beverage manufacturing business ("Cott Beverages") to Refresco (Euronext: RFRG) for ...
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