Franchise News
FTC Challenges Proposed Merger of Staples And Office Depot, Claiming Move Would Harm Competition
CMA CGM Annouces Plans To Acquire Neptune Orient, Aims To Reinforce Global Shipping Position
CMA CGM, a French container shipping company, has announced in a press release that it will be acquiring Neptune Orient Lines (NOL). The acquisition will enable CMA CGM to reinforce its position in the container shipping industry.
Latest News
Founder of Williams-Sonoma Chuck Williams Dead At Age 100
Williams-Sonoma, Inc. has announced in a press release that Charles E. “Chuck” Williams, the founder and director emeritus of the company have died. Williams, who was 100-years-old, died of natural causes.
DOJ Antitrust Unit Subpoenas Mylan, Looking For Information Regarding Pricing Of Doxycycline
The U.S. Department of Justice antitrust division has subpoenaed Mylan N.V. for information, according to a report from Reuters.
Pepperidge Farm Sues Trader Joe's For Trademark Infringement Claiming Grocery Chain's Crispy Cookies Look Too Much Like Milanos
Pepperidge Farm's lawsuit reportedly claims Trader Joe’s Crispy Cookies too closely resemble the company’s Milano cookies both in look and package design.
Amazon Buys New Truck Trailers, Looking to Make Deliveries More Efficient
Amazon.com Inc. announced in an event in Chicago that it will start rolling out thousands of Amazon-branded tractor-trailers, according to a report from Wired. The new tractor-trailers are to help make deliveries more efficient.
Avon Close to Selling its North American Business to Cerberus, Barington Warns Avon of the Deal
Avon Products Inc. is in advanced talks to sell its North American business to Cerberus Capital Management LP, a private equity firm, people familiar with the matter told The Wall Street Journal. Barington Capital Group LP, a private equity investor who led a group that collectively owns a three percent stake in Avon, warns the cosmetics maker against the transaction with Cerberus.
Subway Names Joseph Tripodi New Global CMO, Replaces Tony Pace
Subway has named Joseph Tripodi, the former CMO of Coca-Cola, to be the company’s new CMO, effective immediately, according to a report from Adweek. Tripodi will be replacing Tony Pace, who announced in July that he will be leaving the company, effective September 30, 2015, to start his own marketing firm.
Google Buys 842 Megawatts of Renewable Energy, Largest Purchase of Renewable Energy by Non-Utility Company
Google has announced in a blog post that it will be adding 842 megawatts of renewable energy capacity to power its data centers. The investment is the largest purchase of renewable energy made by a non-utility company.
Sandell Asset Management Tells Bob Evans to Consider Selling its Packaged Foods Business to Post Holdings, Business could be Sold for More than $950 Million
Sandell Asset Management Corp. has released a copy of the letter, published in Business Wire, that it sent to Bob Evans Farms, Inc. board of directors, urging them to consider selling BEF Foods, its packaged foods business, to Post Holdings Inc. Post Holdings, the maker of Honey Bunches of Oats and Grape-Nuts cereal, would be interested in the deal and could potentially pay more than $950 million for the packaged foods business.
Motorola Solutions to Acquire Airwave for about $1.2 Billion, Expand its Managed and Support Services Business
Motorola Solutions Inc. has announced in a press release that it will be acquiring Airwave Solutions Ltd. for £817.5 million or approximately $1.2 billion. The acquisition expands Motorola’s Managed & Support Services business.
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