Danone, owner of Activia yogurt and Evian water, will spend about 325 million euros ($417 million) to form a joint venture and invest in China’s biggest dairy producer to expand its brands in the most populous nation.
A record New Zealand dollar pushed the central bank into its first confirmed currency intervention in six years. It’s also forcing the nation’s biggest exporters to innovate as the soaring kiwi squeezes returns.
Aspen Pharmacare Holdings Ltd., the largest maker of generic medicines in the southern Hemisphere, agreed to buy licenses to sell Nestle SA’s infant formula in Australia and southern African countries for $215 million.
Chinese visitors to The Rees Hotel in Queenstown can have Chicken Congee for breakfast, watch their favorite dramas from back home on TV, then speak to reception in Mandarin to book a jet-boat ride on Lake Wakatipu.
Royal DSM might be the largest company you’ve never heard of. That’s how Hugh Welsh, the company’s president for North America, introduces people to the Dutch maker of nutrients, advanced materials and chemicals used in everything from agriculture, to furniture, to energy.