Maker
Mars to buy Pringles maker Kellanova for US$36 billion in 2024’s biggest deal
FAMILY-OWNED candy giant Mars is buying Cheez-It maker Kellanova in a nearly US$36 billion deal, bringing together brands from M&M’s and Snickers to Pringles and Pop-Tarts in the year’s...
iPhone maker Hon Hai beats profit estimates thanks to AI boom
APPLE’S main manufacturing partner Hon Hai Precision Industry reported better-than-expected profit in the second quarter as the device assembler benefited from strong demand for servers powering AI applications.
The iPhone...
Cancer test maker Grail cuts 350 jobs as part of restructuring programme
GRAIL said on Tuesday (Aug 13) it has cut about 350 existing jobs as the diagnostics company focuses on the development of its flagship cancer-detection test Galleri, sending its...
Snickers maker Mars explores acquisition of Kellanova: sources
FAMILY-OWNED packaged food giant Mars, whose candy brands include M&M’s and Snickers, is exploring a potential acquisition of Kellanova, maker of snacks such as Cheez-It and Pringles, according to...
Ray-Ban maker EssilorLuxottica confirms Meta interested in stake
ESSILORLUXOTTICA confirmed Meta Platforms is interested in buying a stake in the world’s biggest eyewear maker.Chief executive officer Francesco Milleri said that the US tech giant intends to become...
Hermes sales jump as Birkin bag maker outperforms peers
HERMES sales jumped in the second quarter as the Birkin bag maker weathered the luxury demand slowdown better than peers, thanks to its reliance on the wealthiest clients.Revenue at...
Computer parts maker Logitech lifts outlook after upbeat quarter
COMPUTER mouse maker Logitech International raised its full-year sales and profit outlook on Tuesday (Jul 23), after a strong performance across nearly all product categories and a rising contribution...
Europe’s biggest electric car battery maker mulls new products as demand wanes
Europe’s EV shift has faltered due to high prices and the removal of subsidies by a number of governmentsThe biggest producer of batteries for electric vehicles in Europe may...
