Allen Smith was named new CEO for Four Seasons Hotels and Resorts, succeeding former CEO Kathleen Taylor.
Consumer Electronics
Krishnapatnam Port Company to sell stake to private equity firms
Sources said that Krishnapatnam Port Company intend to sell stakes in the company in a bid to raise INR1,200 crore for its expansion plans.
KKR & Co. to invest in Hilding Anders AB
Sources said that KKR will be investing around US$463 million in Hilding Anders AB via payment-in-kind notes.
Baskin-Robbins set to dominate Germany in 2014
The Dunkin' Brands Group said that they are targeting to expand operations and open Baskin-Robbins stores in Germany in 2014.
Intelligent Global confirms purchase agreement with iGPS Logistics
Intelligent Global Pooling Systems agreed to sell the company to iGPS Logistics for an undisclosed amount.
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Investcorp entered into a definitive agreement worth GBP 100 million to purchase Tyrells Potato Crisps.
Ontario ecommerce company Shopify purchased Toronto's leading design firm Jet Cooper. Ontario-based Shopify reported its acquisition of leading design company Jet Cooper for an undisclosed amount on Thursday.
Eric Adler was promoted CEO of Prudential Financial Inc, the second largest life insurer in the United States, replacing former CEO Allen Smith.
Corner Bakery Cafe promoted Gregg Koffler to vice president of franchise sales. Restaurant chain Corner Bakery Cafe announced the promotion of Gregg Koffler to vice president of franchise sales earlier today.
Music streaming site Spotify could be the spark that would reignite music sales in Sweden. Spotify, a commercial music streaming service, could be the spark to reignite music sales in Sweden and the world.
Spain-based airport operator Aena group agreed with AXA Private Equity to buy London Luton Airport from TBI Limited for USD 599 million.
Today, SolomonEdwards Group LLC announced completing its acquisition of San Francisco-based M Squared Consulting, which is a unit of Kelly Group Limited.
Online marketing company Blucora agreed to purchase Monoprice for US$180 million in cash. Blucora Inc. announced earlier today that it has signed the deal to acquire California-based Monoprice, a successful online-based electronics and accessories provider.
Charles & Alice Group received the support of Equistone Partners Europe and CM-CIC Capital Finance to grow their fruit dessert business.
