Economy and finance
835 news found
Economy and financeAutogrill: goodbye to the stock market
Dufry takeover bid has ended: after 26 years on the Milan Stock Exchange, the stock is no longer listed
It fits to talk about sadness in a case like this. Because it is peculiar and raises melancholy questions to no longer see on the stock market, in Milan, after 26 years of presence the ticker AGL linked... more
Economy and financeNB Aurora divests 49.9% stake to new vehicle
€144.2 million transaction for fund that invests in Italian SMEs of excellence
NB Aurora, a Luxembourg-based fund that invests in unlisted Italian SMEs of excellence, announces that "binding agreements have been signed regarding the sale of 49.9 percent of its holdings portfolio".... more
Economy and financeElectrolux ready to sell Zanussi and Zoppas
Demand is always falling and the Swedish multinational thinks about the sale of the two historic Italian brands
Second quarter 2023 in negative for Electrolux showing a decline in sales of 8.4% while on the revenue front the decline was more modest: -3%, to 2.84 billion Euros. What is worse is that the Swedish multinational... more
Economy and financeGrain deal, Putin attacks, Kiev responds
Russian missile raid in the Black Sea destroys 60,000 tons of grain. Ukraine: terrorism against the world
He has a good point when he says the czar of all Russias, Vladimir Putin, that "Western countries did everything they could to derail" the grain deal. He has a nice saying when he accuses the West, as... more
Economy and financeAzimut joins the Agricola Moderna group
The fund has invested 15 million euros in the society of vertical farming facebook sharing button
The Agricola Moderna group, one of the leading companies in the field of vertical farming and research and development of hardware systems and software applications for indoor farming, has completed the... more
Economy and financeWheat Ukraine/4. What are the consequences of the stop?
The futures are immediately splashed high, production is in danger: Italy looks for solutions, Europe trembles
The failure to extend the agreement on Ukrainian wheat is already having an effect. It is bad. The future of wheat with delivery in September immediately rose to 681.10 dollars per bushel (from 595 dollars... more
Economy and financeDigital agriculture, European Agritech project kicks off
Coordinated by the University of Pisa has a budget of 3.5 million euros
The Agritech EU project, "Digital Agriculture for Sustainable Development", is underway. With a budget of about 3.5 million Euros, co-financed at 50% under the Digital Europe program, it is coordinated... more
Economy and financeInvitalia publishes Sustainability Report 2022
More than 100,000 companies supported with incentives: 4.6 billion to support business
There are more than 100,000 enterprises supported with incentives in 2022, of which 23% are in the South, with a growth of 38% compared to 2021: of these about 4,800 are new enterprises, 76% of which are... more
Economy and financeBarry Callebaut, nine difficult months
Sales fall 2.7% but revenues rise 3.6%
Barry Callebaut closed the first nine months of fiscal year 2022/2023, which ended last may, with 6.29 billion Swiss francs (equivalent to nearly 6.5 billion Euros) of revenue, up +3.6%. Sales, however,... more
Economy and financeChristine McGrath is the new president of the World Cocoa Foundation
Also on the board of directors are Kojo Amoo-Gottfried and Tejinder Singh Saraon
The World Cocoa Foundation (WCF) has announced the appointment of Christine McGrath as its new president. McGrath is senior vice president and chief Impact & sustainability officer of Mondelēz International... more
Economy and financeNestlé brings regenerative agriculture to its productions
Initiative involves wheat farms and tomatoes for DiGiorno pizzas
Nestlé has launched an initiative to help bring regenerative farming practices to wheat farms within its "DiGiorno" pizza brand supply chain. The initiative, which will bring regenerative farming practices... more
Economy and financeCarrefour strengthens in France with Cora and Match brands
Deal closed with Delhaize Group: acquired the two brands for 1.05 bn in cash
The transaction includes the acquisition of the properties of 55 hypermarkets and 77 supermarkets. The transaction will be finalized in the summer of 2024 more
Economy and financeWater treatment, Ebara Europe acquires Spandau
Vicenza-based water pump company buys Skf's German business unit
Ebara Europe acquires Germany-based Spandau. The Gambellara, Vicenza-based company has signed an agreement with Swedish multinational Skf to acquire the business. The Vicenza-based company is a European... more
Economy and financeGfk and NielsenIQ, merger completed
Born a $4B consumer intelligence giant with more than 30,000 customers in more than 100 countries
GfK and NielsenIQ complete their merger. They officially announced this yesterday, speaking of the completion of their "strategic union" intended to create a global entity in the consumer intelligence... more
Economy and financeAb InBev invests €31 million in alcohol-free beers
The goal is to improve the technology of its breweries in Belgium's Flemish Brabant region
It hasn't been but a few hours since experts anticipated the British boom in alcohol-free beers, and here comes an industry giant like AB InBev announcing that it is investing 31 million Euros to improve... more
Economy and financeProsecco on tour in the U.S.
July 17-23 in New York City, sixth edition for National Prosecco Week
Given the great success of the previous editions, we are pleased to return to the United States for the sixth edition of National Prosecco Week". This was said by Stefano Zanette, president of the Prosecco... more
Economy and financeAlgebris Green Transition Fund, new round of 70 million
Fund that invests in agritech excellence has a 300 million fundraising target
Algebris Green Transition Fund, Algebris Investments' first private equity vehicle focused on energy transition, continues to grow and closes an additional funding round with 70 million Euros. With this... more
Economy and financeBrazilian acquisitions for Italian exhibition group
Mundogeo Eventos and Consultoria Empresarial acquired for 2 million euros
Italian exhibition group announces that it has acquired, through its subsidiary Ieg Brasil Eventos Ltda, 100% of the Brazilian company Mundogeo Eventos e Consultoria Empresarial Ltda. The Brazilian-registered... more
Economy and financeFao: food price index down (-1.4%) in June
Compared to the peak in March 2022, the decrease was as much as 23.2%
The performance was driven in particular by sugar (-3.2%), vegetable oils (-2.4%) and cereals (-2.1%). more
Economy and financeEmmi sells Gläserne Molkerei and sets its sights on ready-to-drink coffee
The giant divests German brand to invest in coffee, specialty cheeses and desserts
Swiss dairy giant Emmi is selling Gläserne Molkerei, a northeastern German company specializing in the production of regional organic dairy products, to Munich, Germany-based holding company Mutares.... more
Economy and financeAlpla expands recycling plant in Poland
8 million euro investment to build third line at site
Alpla, a global plastic packaging company, is expanding its recycling plant in Radomsko, Poland, with an investment of about 8 million euros. The goal of the investment top is to build the site's third... more
Economy and financeHeineken buys Oedipus craft beer
Top secret on figure for deal joining danish giant with young brand
Heineken Netherlands announced the acquisition of dutch craft brewer Oedipus Brewing, in which the giant had acquired a minority stake in 2019. The sum at the center of the transaction was not disclosed.... more
Economy and financeCarlsberg leaves Russia but does not say who it is selling the business to
Top secret operation for the Danish brewery which still confirms that it has signed the agreement
Carlsberg agrees to sell the Russian assets but does not disclose who the buyer is. The Danish brewer just said it has signed an agreement to sell its Russian operations, but did not name the buyer or... more
Economy and financeMcDonald's raises prices in Japan
Inflation is unforgiving and fast food chain raises prices in 184 branches from July 19
Inflation discounts no one anywhere, not even in quiet, so to speak, Japan. It is news these hours that McDonald's has decided to raise prices at 184 inner-city branches in the Land of the Rising Sun.... more
Economy and financeMondelez reduces operations in Russia
In response to the boycott implemented toward its brands by northern European companies
Global snack giant Mondelēz International has announced that it has scaled back operations in Russia and plans to make the business in the country a standalone operation with a self-sufficient supply... more
Economy and financeCoca Cola Italy, half a billion investment in ten years
The company released its 19th Sustainability Report
"Doing business sustainably is an opportunity to stimulate innovation, an engine of economic and social growth". It is, this, one of the drivers reported within the 19th Sustainability Report of Coca-Cola... more
Economy and financeSix million dollars to buy Starbucks Russia
That's the amount Anton Pinskiy spent to grab the 130 stores of the chain renamed Stars Coffee
Five hundred million rubles, equivalent to about $6 million. That's how much the buyer of Starbucks' former assets in Russia, restaurateur Anton Pinskiy, says he spent. The sum, according to the buyer... more
Economy and financeNewlat, new partners bring resources for acquisitions
Group of funds acquires 8.8% of the capital, with an investment of over 22.6 million
The group aims at an important acquisition on the English market, more
Economy and financeFrance forces food companies to reduce prices
Finance Minister Le Maire confirms that from July consumers will pay less for food
The French government stands united against rising food prices. And it doesn't use half-measures, it seems. Finance Minister Bruno Le Maire said last friday that French consumers, starting in july, will... more
Economy and financeReal estate. DeA Capital RE wins the Fiabci Awards in Miami
It's the first time that an Italian project wins the Prix d'Excellence
DeA Capital Real Estate Sgr with The Medelan won two prestigious “World Gold Winner” awards at the Gala evening of the 73rd edition of the FIABCI World Prix d'Excellence held last night in Miami, in the... more
Economy and financeRemy Cointreau closes fiscal year with strong profit
Beat forecasts: sales at € 1.5 billion (+10%), profit +16.2%
French group Remy Cointreau has beaten forecasts with a record annual operating profit. Sales in FY 2022-2023 stood at more than 1.5 billion Euros up 10% from the previous year and 43.6% higher than FY... more
Economy and financeElectrolux, saves Italian production in Treviso
Agreement between company and unions on 110 mln investment
The draft agreement between Electrolux and the trade unions Fim, Fiom and Uilm, on the 110 million Euros investment for the Susegana (Treviso) plant, has been signed. The signing of the latest draft of... more
Economy and financeBc Partners sells Forno d'Asolo
Private equity and industrial bigwigs among potential interested parties
The sale of Fda Group, better known as Bindi-Forno D'Asolo, among the leading players in the frozen pastry and bakery products sector, is on the starting blocks. According to Milano Finanza reports, the... more
Economy and financeDiageo replaces hospitalized ad Menezes early
He was due to retire June 30: his role goes immediately to ad designate Debra Crew
He was supposed to retire from office and retire on June 30, but instead Ivan Menezes , the CEO of Diageo is forced to leave office suddenly now. In fact, according to the company's statement, Menezes... more
Economy and financeDufry's opas on Autogrill closed at a 95% stake
The Swiss hold 94.50 percent of the company's share capital: soon to be delisted
Dufry's Opas on Autogrill has closed, with success, with the Swiss company taking close to 95 percent of the Italian one. After the reopening of the offer period that began on may 26, 2023 and ended on... more
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