Kuala Lumpur-based private equity firm Creador has taken a 40% stake in Malaysian pet food brand owner Pet World International from COPE Private Equity and Pet World’s founding family, according to a statement on Tuesday. Other financial details were not disclosed. Creador’s founder and CEO Brahmal Vasudevan said his firm will assist Pet World in… Continue reading Creador acquires 40% of Malaysia-based Pet World, COPE PE exits
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HK developer New World Development may bag $2.78b as arm gets buyout offer
New World Development (NWD) is set to bag as much as HK$21.78 billion ($2.78 billion) from the sale of a construction subsidiary to its major shareholder, in a buyout deal that would help it cut debt and pay a special dividend. Chow Tai Fook Enterprises (CTFE), which holds about 45.2% of NWD shares, has offered… Continue reading HK developer New World Development may bag $2.78b as arm gets buyout offer
Warburg Pincus buys majority stake in bathroom fittings maker Watertec India
Private equity firm Warburg Pincus has acquired a majority stake in bathroom fittings maker Watertec India, according to an announcement on Tuesday. While the firm did not disclose the financial terms of the transaction, ET reported that the deal will value Watertec at $450 million. Warburg Pincus and domestic PE fund Kedaara Capital were in… Continue reading Warburg Pincus buys majority stake in bathroom fittings maker Watertec India
Ford targets US and Canadian engineers in latest wave of layoffs
/ The company would not say how many jobs will be lost. The cuts primarily target engineering departments. By Jess Weatherbed, a news writer focused on creative industries, computing, and internet culture. Jess started her career at TechRadar, covering news and hardware reviews. Share this story The layoffs are connected to Ford’s growth plan announced… Continue reading Ford targets US and Canadian engineers in latest wave of layoffs
German Manager Magazin: Camping: The demand for motorhomes and caravans was booming during the Corona times – and now? Three graphics provide information002566
The Erwin Hymer Group has its headquarters in Bad Waldsee. Founded in 1957, the company has been a subsidiary of Thor Industries, a listed American mobile home manufacturer based in Indiana, for several years. The Erwin Hymer Group is one of the largest manufacturers of mobile homes and caravans in Europe. A total of 24… Continue reading German Manager Magazin: Camping: The demand for motorhomes and caravans was booming during the Corona times – and now? Three graphics provide information002566
German Manager Magazin: Volkswagen: Why the carmaker is sending its employees on extended vacation002567
These are ambitious goals that carmaker Volkswagen set itself in mid-June has decreed: Thanks to savings and efficiency, the volume brand VW should increase its profits by ten billion euros within three years and almost double the return. But as soon as the goals are public, brand boss Thomas Schäfer (53) receives the first setback:… Continue reading German Manager Magazin: Volkswagen: Why the carmaker is sending its employees on extended vacation002567
QUALITY CUSTOM DISTRIBUTION EXPANDS SOUTHWEST FOODSERVICE LOGISTICS BUSINESS WITH THREE NEW DISTRIBUTION CENTERS TO SUPPORT CUSTOMERS
IRVINE, Calif., June 27, 2023 /PRNewswire/ — Frisco, Texas-based Quality Custom Distribution (QCD), a Golden State Foods (GSF) company, has expanded operations in the Southwest U.S. market with two relocations to larger distribution centers in Albuquerque, New Mexico and Las Vegas, as well as a new facility opening this summer in San Antonio, Texas. Servicing nearly… Continue reading QUALITY CUSTOM DISTRIBUTION EXPANDS SOUTHWEST FOODSERVICE LOGISTICS BUSINESS WITH THREE NEW DISTRIBUTION CENTERS TO SUPPORT CUSTOMERS
Miracle Mile Advisors Embarks on Next Phase of Growth Strategy with Appointment of Bruce Milam as Chief Executive Officer
LOS ANGELES, June 27, 2023 /PRNewswire/ — Miracle Mile Advisors (Miracle Mile), a national, award-winning, independent registered investment adviser (RIA) offering highly customized, holistic wealth management to high-net-worth clients across the nation, has appointed Bruce Milam as the firm’s first Chief Executive Officer. In his new role as CEO, Mr. Milam will oversee the firm’s… Continue reading Miracle Mile Advisors Embarks on Next Phase of Growth Strategy with Appointment of Bruce Milam as Chief Executive Officer
Global Business Travel Accident Insurance Industry Report 2023: CAGR of 22.2% Projected as a Result of the Anticipated Surge in Business Travel
DUBLIN, June 27, 2023 /PRNewswire/ — The “Business Travel Accident Insurance Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering. The global business travel accident insurance market is expected to grow from $4.95 billion in 2022 to $6.03 billion in 2023 at a compound annual growth rate (CAGR) of 21.8%. The market is expected… Continue reading Global Business Travel Accident Insurance Industry Report 2023: CAGR of 22.2% Projected as a Result of the Anticipated Surge in Business Travel
@AML: Capital Markets Day 2023000475
27 June 2023 Aston Martin Lagonda Global Holdings plc Capital Markets Day 2023 Aston Martin Lagonda Global Holdings plc (“Aston Martin” or “the Company”) will host a Capital Markets Day, today, 27 June 2023 for institutional investors and sellside analysts. Aston Martin’s senior management team will showcase its exciting new and upcoming… Continue reading @AML: Capital Markets Day 2023000475