LONDON: Premier Foods said Thursday it has agreed to acquire Merchant Gourmet, a premium brand known for healthy, ready-to-eat meals, in a £48 million ($61 million) deal aimed at accelerating its growth strategy. The acquisition, expected to close on Sept. 1, will see Premier Foods take full ownership of the brand, which specializes in microwaveable…
RIYADH: Modern Mills Company (MMC), a leading milling and nutrition company in Saudi Arabia, has announced the price range for its initial public offering (IPO) of 30% of its share capital, as well as the start of the institutional book-building period. The price range for the IPO has been set at SAR 44 to SAR…
LONDON, UK: Unilever will move away from its current matrix structure and will be organised around five distinct Business Groups: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The changes to its organisational model aims at making it a simpler, more category-focused business. Each Business Group will be fully responsible and accountable for their strategy,…