Chiquita Brands International Inc., owner of the namesake banana label, agreed to buy Fyffes Plc in an all-stock transaction that values the Dublin-based fresh- produce distributor at about $526 million.
Reckitt Benckiser Group Plc, the maker of Durex condoms, agreed to acquire the K-Y brand of sexual lubricants from Johnson & Johnson as the company continues to expand its collection of consumer-health labels.
Some companies use in-home shopping parties to get customers to spend on items like jewelry and Tupperware in the company of friends -- and a lot of alcohol. Diageo Plc is going straight to the fun by shipping liquor and bartenders to clients’ living rooms.
Buyout firms CVC Capital Partners Ltd. and Carlyle Group LP are awaiting the outcome of Wm Morrison Supermarkets Plc’s property review next week as they evaluate a bid for the U.K. grocer, said people familiar with the matter.
John Lewis Partnership Plc said its pension deficit rose to about 1 billion pounds ($1.7 billion) in the last fiscal year, leading the owner of the U.K.’s largest department-store chain to cut rewards to its 91,000 workers.
Dixons Retail Plc, the largest U.K. consumer-electronics retailer, said it’s in talks to merge with Carphone Warehouse Group Plc, bringing together companies with combined revenue of about 12 billion pounds ($20 billion).