CUPERTINO: Apple has introduced AirTag, a small and elegantly designed accessory that helps keep track of and find the items that matter most with Apple’s Find My app. Whether attached to a handbag, keys, backpack, or other items, AirTag taps into the vast, global Find My network and can help locate a lost item, all…
Athleta to enter Canada, first company owned expansion outside United States
SAN FRANCISCO: Gap Inc. brand Athleta, announced it will enter Canada later this year, marking the performance lifestyle brand’s first company owned expansion outside the United States. Athleta plans to launch e-commerce late this summer followed by opening retail stores at Yorkdale Shopping Center in North York, Ontario and Park Royal Shopping Centre in West…
Fresh Acquisitions LLC files for Chapter 11 Bankruptcy
SAN ANTONIO: Fresh Acquisitions LLC filed for Chapter 11 bankruptcy protection earlier to strengthen their operations and recapitalize their businesses. The companies will have access to additional liquidity through a post-petition debtor in possession loan being extended by VitaNova Brands. “As with almost every one of our peers, buffet restaurants took the brunt of the…
TECO 2030 launches hybrid/closed loop Future Funnel
LYSAKER: TECO 2030 ASA announced that the TECO 2030 Future Funnel has been further developed and now offers hybrid and closed loop alongside the already existing open loop. As the development is complete, TECO 2030 is proud to launch market-ready hybrid and closed-loop systems with the main purpose of reducing SOx, NOx, and ready for…
Wingara AG appoints James Whiteside as CEO
SYDNEY: Wingara AG Limited announced the appointment of James Whiteside as CEO, effective 1 July 2021. The Board of Wingara would like to thank Zane Banson for his dedication and commitment in the role of Interim-CEO over the past 3 months. The Board looks forward to Zane returning to his role as CFO and a…
RPM Automotive Group acquires Elite Tyre Group and Super Tyre Mart for $1.6mn
SYDNEY: RPM Automotive Group Limited announced the acquisitions of Elite Tyre Group, Kealba, VIC (ETG) as well as Super Tyre Mart, Ravenhall, VIC (STM). The acquisition is an asset purchase agreement, with the total purchase price for ETG and STM being $1.6 million, and consideration comprising 70% cash and 30% equity (valued at RPM’s 60-day…
Santos enters new gas supply agreement with Rio Tinto
SYDNEY: Santos, Western Australia’s biggest domestic gas producer, signed a new gas supply agreement with global miner, Rio Tinto. Under the agreement, Santos will supply up to 15 PJs of natural gas to Rio Tintocommencing in late 2021. Santos Managing Director and Chief Executive Officer Kevin Gallagher said Rio has been a long-term buyer of…
PointsBet acquires Banach Technologies
MELBOURNE: PointsBet Holdings Limited has completed the acquisition of Banach Technologies Limited. This acquisition will position PointsBet as a leader of in-play sports wagering in the United States, just as in-play wagering is expected to grow exponentially.Within the next 3 years, in-play wagering is expected to represent c. 75% of all sports wagering activity in…
American Pacific Borates forms Advisory Board to drive US listing process
SYDNEY: American Pacific Borates Limited has created a US Advisory Board to drive the Company’s US listing process. Commenting on the creation of the Advisory Board, ABR Chairman, David Salisbury said: “The creation of the US Advisory Board is a deliberate strategy enabling ABR to access a team of professionals like John Mitchell, Tim Johnston…
Just Life Group buys 60% stake in Designer Tanks Ltd
AUCKLAND, NZ: Just Life Group has acquired 60% of the business of Designer Tanks Ltd, a news release said Designer Tanks is a nationwide business, which supplies designer water tanks for Kiwi homes. The rationale to invest is that this is a growth business in a growth segment: 1. Sustainability is the future, and conserving…
Primerica Inc. to acquire TRG Pakistan Limited in a $600 million deal
KARACHI: Primerica Inc, a Delaware Corporation has entered into a share purchase agreement with E-Telequote Limited to acquire 80% of the shareholding at an enterprise value of US$600mn. The remaining 20% stake will be acquired by Primerica over next four years. The deal is expected to be not before Jul 01, 2021, as per notices…
Pakistan textile exports surge by 30% YoY in March
During Mar-2021, textile exports increased by 30% YoY to US$1.36bn, compared to US$1.04bn in the same month last year. Growth during the month was essentially a recovery, given the poor performance of textile exports in Mar-2020 owing to the lockdowns. Had the pandemic not occurred, the growth in Mar-2021 would have been closer to ~3.5%…