Franchise News
Gannett to Acquire Journal Media Group for about $280 Million, Enhances Gannett's Portfolio in U.S., Increase Digital Audience
Lumber Liquidators to Pay $10 Million in Fines, Part of Settlement for Lacey Act Investigation
Peet's Coffee to Acquire Stumptown Coffee, Both Companies Will Still Operate Independently but Stumptown Getting Access to Peet's Resources and Scale
Peet’s Coffee & Tea announced in a press release that they will be acquiring the ownership of Stumptown Coffee Roasters from its shareholders, including TSG Partners LLC, who holds a majority stake at Stumptown Coffee. Both companies will still continue to operate independently from each other with Peet’s Coffee providing Stumptown Coffee with full access to its resources and scale.
Latest News
Rolls-Royce Invests Nearly $600 Million in Facilities in Indianapolis, Modernize Manufacturing, Conduct Technology Research
Rolls-Royce Holdings Plc is investing close to $600 million in the company’s facilities in Indianapolis to ensure that Indiana remains a leader in the aerospace industry for decades to come, according to a press release issued by Rolls-Royce. The investment is for the modernization of the manufacturing operations and to conduct technology research.
AmerisourceBergen to Acquire PharMEDium for $2.575 Billion, Expands Company's Service Offerings for Health Systems
AmerisourceBergen Corp. announced in a press release that it will be acquiring PharMEDium Healthcare Holdings, Inc. for $2.575 billion in cash from Clayton, Dubilier & Rice. The acquisition will expand AmerisourceBergen’s service offerings for health systems.
Skyworks to Buy PMC-Sierra for $2 Billion, Expands Product Portfolio, Customer Base, End Market Applications
Skyworks Solutions, Inc., an innovator of high performance analog semiconductors connecting people, places and things has announced in a press release that they will be acquiring PMC-Sierra, Inc. for $10.50 per share, or approximately $2 billion in cash. The acquisition will expand Skyworks’ product portfolio, customer base, and end market application.
General Mills Recalls Over 1 Million Box of Cheerios, Undeclared Allergen Cited as Cause
General Mills, Inc. has voluntarily recalled several days of production of Cheerios and Honey Nut Cheerios cereal that were produced at the company’s facility in Lodi, California, according to a press release issued by General Mills. The recall was due to an undeclared allergen, wheat, which has a potential to cause adverse health effects.
Kathryn Mikells to Step Down as CFO of Xerox, WIll Move to Diageo
Xerox Corporation has announced in a press release that Kathryn Mikells, the CFO of the company, will be stepping down to pursue other professional opportunities. Mikells will be joining Diageo, the maker of the Johnnie Walker whisky, as their CFO.
Emil Brolick to Retire as CEO of Wendy's, Current CFO Expected to be Successor
Emil Brolick, the president and CEO of Wendy’s Company, is planning to retire from management duties with the company in May 2016, according to a press release issued by Wendy’s. Todd Penegor, the executive vice president and CFO of Wendy’s, is expected to be named as the successor to Brolick.
Trian Partners Discloses $2.5 Billion Stake at GE, Believes in GE's Long-Term Potential
Trian Fund Management L.P., a firm led by activist investor Nelson Peltz, has disclosed in a press release that they have become one of the top ten shareholders of General Electric (GE) with a beneficial ownership of 98.5 million GE shares that are currently valued at approximately $2.5 billion. Trian believes in GE’s long-term potential that will generate attractive stockholder returns.
Managers of Air France Flee after Angry Workers Disrupt Meeting, Airline Plans to Cut 2,900 Jobs
The managers of Air France forced to flee a meeting after a mob of angry workers waving banners and flags stormed the room, according to a report from Reuters. The airline has confirmed during the meeting that they plan to cut 2,900 jobs by 2017 and shed 14 aircraft from its long-haul fleet.
American Apparel Files Chapter 11 Bankruptcy, Will Reorganize Company, Revitalize Brand
American Apparel, Inc. has announced in a press release that the company and certain of its domestic subsidiaries have filed for a Chapter 11 of the U.S. Bankruptcy in the U.S. Bankruptcy Court for the District of Delaware.
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