Marco Gulpers News
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Joh. A. Benckiser, the investment arm of the billionaire Reimann family, agreed to buy D.E Master Blenders 1753 NV for about 7.5 billion euros ($9.8 billion) to build a coffee conglomerate in the industry’s biggest deal ever.
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Royal Ahold NV, the Dutch owner of Stop & Shop grocery stores, is likely to redistribute some of the 20 billion kronor ($3.1 billion) proceeds of its ICA stake sale to shareholders as it shies away from large acquisitions.
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Nestle SA has found something even better than single-serve coffee costing twice as much as ground java: a version that costs eight times as much.
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Nestle SA , the world’s largest food company, reported nine-month sales growth that beat analysts’ estimates , helped by price rises and gains in emerging markets.
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Danone, the owner of Evian bottled- water and Activia yogurt, said it plans to cut 900 jobs in Europe to help address declining profitability as consumption weakens in the southern part of the region.
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D.E Master Blenders 1753 NV rose in Amsterdam trading as investors placed their trust in Chairman Jan Bennink following the surprise departure of Chief Executive Officer Michiel Herkemij a year into the job.
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Reckitt Benckiser Group Plc , the maker of Lysol cleaners and Nurofen painkillers, agreed to buy India’s Paras Pharmaceuticals Ltd. for about 32.6 billion rupees ($724 million), extending its push into consumer healthcare.
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Danone, the world’s biggest yogurt maker, reported first-quarter revenue growth that beat analysts’ estimates as it sold more bottled water in Indonesia and China and baby food in Asia and the Middle East.
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Joh. A. Benckiser Group’s $340 million takeover of Caribou Coffee Co. may be a small step in a larger plan to take on the likes of Nestle SA and Starbucks Corp. for leadership in the $45 billion global coffee market.
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Nestle SA is working with Rothschild to sell Latin American assets valued at more than $1 billion to win regulatory approval for its purchase of Pfizer Inc.’s nutrition unit, three people with knowledge of the matter said.
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