France: Editions de Parfums Frederic Malle to be acquired by Estee Lauder
The Estee Lauder Companies Inc. has announced that it has signed an agreement to acquire Editions de Parfums Frederic Malle for an undisclosed amount. Editions de Parfums Frederic Malle offers a collection of exclusive, ultraluxury fragrances personally curated by Malle, according to an Estee Lauder press release. The deal would enable Frederic Malle fragrances to […]
UK: Imperial Tobacco records drop in annual revenue
Tobacco firm Imperial Tobacco has announced its preliminary results for the fiscal year ended 30 September 2014, posting a decline in total adjusted revenue of 6% to $6,576 million ($10,514 million). The company, however, pointed to “underlying volumes of Growth Brands up 7%, driven by organic growth and brand migrations” and “strong performance in Growth […]
Turkey: Yildiz Holding to buy United Biscuits
The Turkish food conglomerate Yildiz Holdings, owner of Belgium’s Godiva Chocolate and America’s De Met’s Candy Company, has fended off competition from Burton’s Biscuits and Kellogg’s to acquire United Biscuits from private equity funds managed by Blackstone and PAI Partners. Lionel Assant, European Head of Private Equity at Blackstone, said: “United Biscuits is a great […]
UK: CocoPro launches high protein coconut water
Coco Pro has launched what it claims to be the world’s first high protein coconut water, containing 20 grams of whey protein isolate per 330ml serving. Designed as a post-workout drink to deliver muscle recovery and hydration, CocoPro is said to be made with 100% natural ingredients and no added sugar. It is also described […]
UK: Diageo looks to strengthen its position in the tequila market
As part of a strategy to strengthen its position in the Mexican market, and in tequila in particular, Diageo has agreed with Casa Cuervo the acquisition of full global ownership and control of Tequila Don Julio and the early termination of Casa Cuervo’s production and distribution agreement for Smirnoff in Mexico. The transaction has been […]
Tradeshow Insight: SIAL 2014
SIAL, the world’s leading trade fair for the food and drinks industry, returned in 2014 for its latest instalment. 2014 was an opportunity to mark the show’s 50 year presence on the FMCG scene and a diverse range of commemorative events helped to contribute to the sense of occasion. The mood was upbeat as more […]
UK: Chivas Regal launches first new blend in seven years
Chivas Regal, the luxury whisky brand belonging to Pernod Ricard, has seen the launch of a new blend named Chivas Regal Extra. In a statement the company described Chivas Regal Extra as a special selection of whiskies matured in Oloroso sherry casks together with the rarest and finest Chivas malts, creating a rich and generous […]
UK: Waitrose to trial home scanning
Supermarket chain Waitrose has partnered with US company Hiku to become the first retailer to trial home scanning for its customers in the UK. The new device will allow Waitrose customers to fill their electronic/online shopping basket, meaning customers can either scan the barcode or speak the product name into the device, which also comes […]
Germany: Drogerie Markt announces record earnings
German health & beauty retailer Drogerie Markt (DM) has posted record annual earnings, with sales in its domestic market for the year ending 30th September 2014 climbing 9.6% to €6.4 billion ($8.1 billion). According to a Lebensmittel Praxis report, the company’s growth – like-for-like sales were also up 2.4% – means it is now the […]
Spain: Conicom launches PinkCow Cardiotonica
Compania Natural de Iniciativas Compartidas (Conicom), together with Hijos de Rivera affiliate Customdrinks, has launched PinkCow Cardiotonica, a new heart-healthy functional drink with vitamin B1. PinkCow Cardiotonica features a low-calorie formula that is described as rich in vitamin B1 (0.165mg or 15% RDA per 100 ml), said to help improve cardiovascular and nervous system function […]