Princes Group

Italian food group Newlat has announced the acquisition of the entire share capital of Princes, the diversified UK food and drinks company. The acquisition, valued at £700 million ($896 million), encompasses all current operations and brands of Princes, which will function as a subsidiary under the newly formed New Princes Group. New Princes Group will double its product category to over 30 brands, with a turnover of €42.8 billion ($46.74 billion), a …