Economy and finance
450 news found
Economy and financeIntesa San Paolo: 14 million in Roncadin to expand in the USA
The operation includes a frozen pizza production line for the North American market
Intesa Sanpaolo has signed a new 14 million euro loan with a Sace guarantee with Roncadin, an important Italian manufacturer of quality frozen pizzas, for an internationalization project through the US... more
Economy and financeItaly. Governor Zaia wants Golden power for Electrolux
"There was an attempt to change hands, the government absolutely must exercise it"
"I say this clearly: if it is true and if it ever occurs, but to date I am not aware of it, that there was an attempt to change hands, the government absolutely must exercise Golden Power. We cannot afford... more
Economy and financeBrazzale grows in Europe in Italy
In the Upper Vicenza area, employees tripled in 20 years. And more resources are being sought
"Since we started the internationalization process in the 1990s, our employees in Veneto have almost quadrupled." This is confirmed by Roberto Brazzale, president of the Vicenza-based dairy group of the... more
Economy and financeSamsung still interested in Electrolux
With Midea's Chinese, there are two suitors for the Swedish appliance maker
South Korean multinational Samsung Electronics is still interested in the Electrolux dossier. The update to the news was released by Bloomberg, which also disclosed the claims of the Wallenberg family,... more
Economy and financeEquita alongside Clessidra completes acquisition of Everton
Tea company is the fourth deal for Clessidra Capital Partners 4 fund
Clessidra Private Equity, an operator in the Italian private equity market focused on the upper-mid market segment, completes the acquisition of Everton, a company active in the tea, herbal tea and infusions... more
Economy and financeSomec serving luxury in the U.S.
Orders worth $ 13.8 million for Treviso-based shipbuilding and galley company
Somec, a Treviso-based shipbuilding and galley company, reports that its U.S. subsidiary Fabbrica LLC has won new orders in the United States worth $ 13.8 million. The new orders will be carried out in... more
Economy and financePernod Ricard leaves Russia
The brand plans to end distribution in the coming months
The list of companies leaving Russia is getting longer. Now it is the turn of France's Perod Ricard, which said it stopped exporting all of its international brands to Russia at the end of April and plans... more
Economy and financeMondelez raises prices, supermarkets revolt
War between multinational corporation and Belgian chain Colruyt rejects price hikes
It is open war between multinational food company Mondelez and Belgian supermarket chain Colruyt. According to the supermarket chain's own statement and reported by Reuters, supplies of Mondelez products,... more
Economy and financeEurope calls on UAE for "free from" food
Partnership between Free from food expo and Food&beverage business group for organic and vegan fair in Dubai
Free from food expo, the European innovation platform for the free-from, organic, vegan food industries, has partnered with Uae Fbmg, the food&beverage business group, to place and co-produce the most... more
Economy and financePernod invests $10 million in circular economy
Funding for ecoSpirits, low-emission alcohol distribution startup
Pernod Ricard is investing $ 10 million in technology company ecoSpirits through its venture capital fund, Convivialité Ventures. The beverage giant joined the funding round by taking a minority stake... more
Economy and financeCoca Cola builds plant for subsidiary Fairlife
The 745,000 sq. ft. plant for the ultrafiltered milk company costs $650 million
Coca-Cola will build a $ 650 million plant for its subsidiary ultrafiltered milk brand Fairlife. It was the multinational beverage company itself that revealed plans to build the new production facility... more
Economy and financeClosing for Investindustrial Growth III fund
Raised € 1.1 billion to invest in lower mid-market European companies
Investindustrial announces the € 1.1 billion closing of the Investindustrial Growth III fund. The fund raised above target: the fund will continue the successful strategy launched by Investindustrial i... more
Economy and financeEurostat, retail sales down in Eurozone
Volume fell 3.8% in march: -1.4% for food, beverages and tobacco/ Attachment
Eurozone retail sales in march fell more than expected. Compared to a year earlier, volume fell 3.8 percent and 4.1 percent in the Ee. In march alone, compared with february 2023, the seasonally adjusted... more
Economy and financeHeineken invests in Brazil for premium beer portfolio
More than €274 million to expand Amstel and Devassa plant
Heineken announced today that it will invest 1.5 billion reais or 274.5 million Euros in Brazil as part of a plan to expand its premium beer and single malt portfolios. The planned investment aims to increase... more
Economy and financeDeA Capital Alternative Funds transfers ownership of Stalam to Deal Source
The company which acquired 100% of the capital operates through four plants between Italy and China
A private investor club deal organized by Deal Source Italia has finalized the acquisition of 100% of Stalam SpA's share capital in partnership with the company's management from the IdeA Efficienza Energetica... more
Economy and financeClosing for Investindustrial Growth III fund.
Raised €1.1 billion to invest in lower mid-market European companies
Investindustrial announces the € 1.1 billion closing of the Investindustrial Growth III fund. The fund raised above target: the fund will continue the successful strategy launched by Investindustrial i... more
Economy and financeCherry Bay enters Animal wellness products
Minority stake acquired in the Modena-based company specializing in animal nutrition
Cherry Bay Capital Investment Club has finalized its entry into Awp, Animal wellness products, founded in 2002 by Paolo Cristofori, and today one of the leading players active in the production of innovative... more
Economy and financeItalia government exercises golden power over Whirlpool affair
Minister Urso implements special powers to safeguard employment at Italian sites
The italian government has exercised Golden Power in the Whirlpool case. In practice, the executive applying special powers, stood in the way of the merger between Whirlpool Emea and Turkey's Arçelik,... more
Economy and financeFabio Di Giammarco new CEO of Bauli
The manager will lead further expansion of the brand
The Bauli Group has appointed Fabio Di Giammarco to the role of chief executive officer, alongside chairman Michele Bauli. The new ceo will lead the confectionery industry in the new phase of strengthening... more
Economy and financeInflation slows but when will prices fall?
US firms postpone declines: in Europe, ECB fears 'excessive' impact on consumers
Corporate cost inflation is slowing down but prices continue to be high. A mechanism that is less than convincing internationally, starting with the United States where economic experts point out that... more
Economy and financeMars funds sustainable fisheries with $1 million
Agreement with WWF to implement a Fisheries Improvement Fund
It has just completed a $ 2.5 billion bond offering as part of its efforts to address global environmental issues. But snack company Mars is not standing still, and on the environmental side now announces... more
Economy and financeLactalis, the president Besnier: 7 billion of investments in Italy
"With 28 factories we are the largest milk and cheese group" in the country
13 years after the disputed acquisition of Parmalat, the head of the French group speaks for the first time. more
Economy and financeCarrefour resists inflation in first quarter 2023
Sales up 12.3%: Italy +5.6%
"Against a backdrop of very high food inflation, Carrefour maintains its course and strong commercial momentum, with steady market share in all key countries. The first months of the year confirm the relevance... more
Economy and financePepsiCo takes courage after positive first quarter
Raised 2023 estimates: january to march revenues up 10%
PepsiCo has raised its annual forecast after price increases undertaken to offset higher costs and steady product demand helped the soft drink and snack giant beat first-quarter results. Most notable was... more
Economy and financeMcDonald's holds up: first quarter on the rise
Company beats analysts' expectations: global sales up 12.6%
McDonald's beat Wall Street's expectations for global quarterly sales and earnings. The performance did not save the stock, which still lost 1.6% even as the strong numbers were achieved, yes, thanks to... more
Economy and financeNestlé starts year by (slightly) exceeding expectations
First quarter with sales up 5.6%
First quarter 2023 "slightly better than expected" for Nestlé, thanks to price increases that offset weakness in sales volumes. The Swiss company said sales rose 5.6% to 23.5 billion Swiss francs or more... more
Economy and financeDe' Longhi, 2022 difficult year saved by Brad Pitt
Profits down (-9.7%) but sales over 3 billion thanks to investment in advertising
De' Longhi, the Treviso-based company specializing in coffee machines and small household appliances, has approved its fiscal year 2022 financial statements, which closed with revenues down 2% (-5.9% at... more
Economy and financeNestlé. Budget and 2022 dividend approved
28th consecutive increase with 3.01 euros per share, 15 cents more on 2021
Nestlé shareholders approved all board proposals at the 156th Annual general meeting held yesterday in Lausanne. Among the practices approved were the election to the board of directors of Rainer Blair,... more
Economy and financeNestlé, agreement with Pai fund for frozen pizza in Europe
The company will be based in Germany: two plants, one in Italy, in Benevento
Nestlé and private equity firm Pai Partners have agreed to form a joint venture for Nestlé's frozen pizza business in Europe. The goal is to create a dedicated operator "in a competitive and dynamic c... more
Economy and financeSoaring wine prices hit consumption
OIV: Global wine exports make record at €37.6 billion but consumption drops 1 percent
World wine trade reached a record high last year, supported by a sharp increase in prices. The good news is balanced by less good news, namely that the amount of wine sold declined due to weakening demand... more