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Hormel Foods is going nuts. The Austin, Minnesota-based company, known for its meat brands like Spam and Applegate, said Thursday it is buying the Planters nu
UK coronavirus variant on course 'to sweep the world,' leading scientist says A variant of the coronavirus that first emerged in the U.K. could become the dominant form worldwide, the head of the U.K.'s virus surveillance program says. AstraZeneca sales rise 10% in 2020, drugmaker sees revenue growth ahead AstraZeneca has featured prominently in 2020 because of its coronavirus vaccine, although it has said will not profit from the inoculations during the pandemic. Everyone and their (female) pet rabbit was excitedly anticipating the Bumble IPO today and while it opened up 77% from its I...
BW Businessworld Kraft Heinz To Sell Planters, Corn Nuts Brands To Hormel For $3.35 Billion Sales grew 6.2% to $6.94 billion in the three months ended Dec. 26, beating the average estimate of $6.82 billion Photo Credit : Kraft Heinz Co said on Thursday that it plans to sell its nuts business - including most Planters and Corn Nuts products - to Hormel Foods Corp for $3.35 billion, sending shares up 6%. The Chicago-based company has been trying to streamline its portfolio and focus on more accretive brands, having faced criticism for years about losing out to private label products because it...
AUSTIN, Minn. - Hormel Foods is going nuts. The Austin company, known for its meat brands like Spam and Applegate, said Thursday it is buying the Plan...
Top story Chicken Tonight owner Symington’s has hired advisors to explore sale options as the ambient food group has capitalised on increased consumer demand under Covid lockdowns that have amplified the effects of a successful turnaround. Private equity owner ICG, which has backed the business since a £72m buyout in 2012, has appointed investment bank Houlihan Lokey to seek a potential exit, according to City sources. The sale process is still at a very early stage, but interest from PE firms is expected to be solid, with a valuation between £80m and £100m, dealmaker sources said. Kettl...