LONDON: Inchcape plc has announced that Duncan Tait will join the Board as Group Chief Executive Officer (Designate) with effect from 1 June 2020 and will assume his full role on 1 July following a period of handover from Stefan Bomhard. Inchcape plc is the leading independent multi-brand Automotive Distributor and Retailer, operating in 33…
IGEA to partner with Acalis for Alz1 wholesale distribution in the US
HOOFDDORP, Netherlands: IGEA Pharma N.V. announced a further extension of the partnership with Acalis by signing an agreement for the wholesale distribution of the Alzheimer’s prevention kit ‘Alz1’ in the US. IGEA and Acalis started to partner on a commercial basis beginning 2020 for exclusive distribution in Middle East and some European and South American…
Mark Adams appointed CEO of Attraqt Group
LONDON: Attraqt Group has announced the appointment of Mark Adams as Chief Executive Officer, effective from 22 June 2020. Attraqt powers exceptional shopping experiences for over 300 of the world’s leading retail brands. The Company delivers omnichannel search, merchandising, and product & content personalization for retailers and brands. Current CEO Luke McKeever will transition to…
Brave Bison reports growth in user metrics following roll-out of new publishing strategy
LONDON: Brave Bison, the social video company, has experienced a sharp rise in channel KPIs including 1-minute video views and engagement, amongst other measurements of success, following the adoption of its new publishing strategy. In October 2019 Brave Bison rolled out its new Facebook publishing strategy and original slate of content across its portfolio of…
Gfinity to operate second instalment of ePremier League Invitational tournament
LONDON: Gfinity plc, a world-leading esports and gaming solutions provider, has been appointed to operate second instalment of the ePremier League (ePL) invitational tournament. The head to head knockout tournament will see a new group of Premier League footballers and some special guests putting their skills to the test playing EA SPORTS FIFA 20 on…
BAE Systems acquires Airborne Tactical Radios business for $275 million
LONDON: BAE Systems has completed the acquisition of Raytheon Technologies Corporation’s Airborne Tactical Radios business. The consideration of $275 million (approximately £218 million) has been funded from BAE Systems’ existing cash resources. As a leading provider of airborne tactical radio solutions, the Radios business designs, manufactures and supplies a broad range of mission-critical communication systems…
Dean Foods completes sale of its assets, rights, interests and properties to Dairy Farmers of America
DALLAS: Dean Foods Company has completed the previously announced sales of its assets, rights, interests and properties relating to 44 of the company’s fluid and frozen facilities to subsidiaries of Dairy Farmers of America (DFA). Dean Foods also announced that it has completed the sale of the assets, rights, interests and properties relating to eight…
CASK & KETTLE expands into Walmart
BATTLE CREEK: CASK & KETTLE Hard Coffees & Cider are rolling out into select Michigan Walmart stores. CASK & KETTLE is a woman-owned business co-founded by life-long Michigan native Lucinda Wright. “I grew up in Rives Junction, MI and we are proud to partner with Walmart to bring our artisan crafted brewed cocktails to small…
Canada’s airports seek relief to ease liquidity crisis caused by COVID-19 travel bans
OTTAWA: Canadian Airports Council has sought more support for the short and long term viability of Canada’s airports. Throughout this crisis, airports have remained open to repatriate Canadians, safely move goods and essential workers, and facilitate medevac and other important services. Joyce Carter, Canadian Airports Council chair and president and CEO of Halifax Stanfield International…
3M completes sale of its drug delivery business
BOSTON: 3M has announced that it has completed the sale of substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, LLC., for approximately $650 million in total. The consideration includes cash, an interest-bearing security, and a 17 percent noncontrolling interest in the new company, Kindeva Drug Delivery that will operate…
Polycab India to buyout Ryker from Singapore’s Trafigura for $4.0mn
MUMBAI: Polycab India Limited (PIL) has signed an agreement with Trafigura Pte Ltd, Singapore to acquire 50% stake in Ryker Base Private Limited against a likely purchase consideration of around US $4 million. PIL had entered into a 50:50 JV with Trafigura in 2016 to incorporate Ryker with an aim to strengthen backward integration of…
FanDuel Sportsbook launched in Colorado
BLACK HAWK: FanDuel Group has announced the launch of the FanDuel Sportsbook app and online experience in Colorado. In partnership with Twin River Worldwide Holdings and Golden Gates Casino Black Hawk, Colorado is the fifth state in the United States where the industry-leading FanDuel Sportsbook online and mobile platform is available. FanDuel is bringing its…