Nestle SA is supersizing its Nespresso machine to appeal to Americans who prefer a big mug of Joe to a dainty shot to try and win more customers in a market where it’s dwarfed by Green Mountain Coffee Roasters Inc.
D.E Master Blenders 1753 NV, the coffee and tea company spun off by Sara Lee Corp. in June, said it became aware of accounting irregularities at its Brazilian operations after gaining independence and isn’t responsible for any losses incurred by investors.
D.E Master Blenders 1753 NV, the coffee company being acquired by investment firm Joh. A. Benckiser, will appoint former Mars Inc. executive Pierre Laubies as chief executive officer once the deal is approved by shareholders, according to a person familiar with the matter.
European stocks climbed, completing their third consecutive quarterly gain, as a report showed retail sales unexpectedly increased in Germany last month and Cypriot banks opened for the first time in almost two weeks.
Joh. A. Benckiser is close to announcing a formal offer to buy D.E Master Blenders 1753 NV, the coffee and tea company spun off by Sara Lee Corp., in a bid that may value the company at 7.6 billion euros ($10 billion), people familiar with the matter said.
When the Supreme Court hears a case today weighing what remedy there should be after a federal judge was involved in a plea agreement, an Orrick Herrington & Sutcliffe LLP associate with 2 1/2 years at the firm will be making the arguments for the defendant.