The initial public offering of Stock Spirits Group would value the company at GBP 420 million or USD 675 million.
Hospitality/Food
Beeck is new McDonalds CEO for German unit
Chief Operating Officer Holger Beeck would be taking over from Bane Knezevic as the chief executive of the German division of McDonald's Corp.
Foster Farms assures consumers of chicken safety but issues no recall
Foster Farms said consumers should not worry about the company's chicken products amidst the salmonella outbreak traced back to its plants.
USDA to shut down Foster Farms unless company has plan for salmonella outbreak
USDA said it would shut down Foster Farms unless the company would address the salmonella outbreak by Thursday.
Nestle plans to divest Jenny Craig - sources
Sources told Reuters that Nestle had plans to exit from its unprofitable businesses like Jenny Craig.
Latest News
A study published in the American Journal of Medicine showed that chicken nuggets is mostly fat, blood vessels, bones and skin.
B&G Foods Inc announced today that it had acquired Rickland Orchards through a combination of cash and stock payment.
China Resources, a state backed conglomerate, had been studying its options including a possible sale for its Hong Kong meat distribution unit, said a report from Bloomberg News.
Starbuck Corp Chief Executive Officer Howard Schultz had urged fellow business leaders to push US political leaders to end the US partial shutdown, said a Reuters report.
Moody's Investors Services advised IOI Corp Bhd about the financial implications of its planned acquisition of a 39.55% stake in Unico-Desa Plantation Bhd.
Sources told Bloomberg that Darling International was closing in on a deal to buy Vion Ingredients, the meat rendering business of Vion Food Group Ltd.
The Al Habtoor Group would be investing USD 3 billion in a real estate development in Dubai. Al Habtoor Group said it would it would be launching a USD 3 billion real estate development in Dubai.
Addressing concerns as to the lack of progress in its bid to open shop in India, Wal-Mart said it is negotiating with Bharti for final details.
Australian Prime Minister Tony Abbott said his country would be more receptive now to foreign investment.
