Hospitality/Food

Nestle sells Jenny Craig to hedge fund firm

In a bid to trim its portfolio, Nestle had sold to North Castle Partners its interest in weight loss brand Jenny Craig.


Douwe Egberts coffee owner to increase holding in Kaffehuset Friele

Joh A Benckiser owned-D.E Master Blenders planned to increase its ownership interest in Norwegian coffee producer Kaffehuset Friele to 90%.

Sprig raises USD1.2 million in seed funding for healthy meal busines

Sprig recently closed its USD1.2 million seed funding round for the launching of its unique food delivery business.

Nestle to exit from bulk of Jenny Craig business to private equity firm

Food giant Nestle announced its intention to sell the bulk of its Jenny Craig business to private equity firm North Castle Partners.


Latest News

SFW Capital Partners made a strategic investment in California-based Industrial Dynamics Company (DBA Filtec) for growth and product expansion.
Huron Capital Partners-backed Ronnoco Coffee bought Henderson Coffee Corporation. Huron Capital Partners said its portfolio company, Ronnoco Coffee recently purchased Henderson Coffee Corporation.
Centerview Capital invests in distiller of premium moonshine Ole Smoky Tennessee Moonshine. Private equity firm Centerview Capital made a significant equity investment in Ole Smoky Tennessee Moonshine.
The following bids, mergers, acquisitions and disposals were reported on Tuesday. The following bids, mergers, acquisitions and disposals were reported on Tuesday.
The use of smaller 20 centiliter bottles is sought to be the key to cornering the emerging African market.
The background of Daniel Dienst, the recently-appointed CEO of Martha Stewart Living Omnimedia Inc, caused industry observers to speculate a sale for the home decor company.
The following bids, mergers, acquisitions and disposals were reported on Friday The following bids, mergers, acquisitions and disposals were reported on Friday:- Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, is aiming to launch its initial public offering in the week of Dec.
The IDB investment in Saudi Arabia's cheese industry includes the acquisition of shareholdings and the construction of a cheese factory.
Hoteliers in UAE are in conflict as to the recommendation to impose a price ceiling on hotel rates. A hotelier in Dubai had called for the UAE tourism authority to introduce a ceiling on hotel rates to control the market.
Diwali, the Indian festival of lights, have caused Indians to loosen purse strings despite high inflation.
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