
Mars to boost health portfolio with fruit snack brand Trü Frü
Dec 22, 2022 23:25 pm UTC| Life Health Economy Business
Mars will acquire US-based whole-fruit snacking brand Tr Fr to broaden its health and wellness portfolio. Tru Fru will operate as an independent business and continue to be led by CEO, Brian Neville. According to...

Mondelēz sells gum business Canada, US, Europe to Perfetti Van Melle for $1.35 billion
Dec 22, 2022 23:24 pm UTC| Business Economy Life
Mondelēz International has sold its gum business in Canada, the US, and Europe to Perfetti Van Melle for $1.35 billion, or 15 times equivalent to the estimated current year EBITDA. The beverage and snack food company...

NFL invests in sportswear brand Nobull
Dec 22, 2022 22:46 pm UTC| Sports Economy Business Life
The National Football League (NFL) has invested in Nobull, after designating the sportswear brand as the presenting sponsor and apparel supplier for the NFL scouting combine. No figure has been reported. The NFL...

Nongshim’s new instant noodle sales reached 16 million packs in 100 days
Dec 22, 2022 14:19 pm UTC| Business Economy
Nongshim Co. Ltd., a South Korean food and beverage company headquartered in Seoul is also the largest instant noodle manufacturer in the country. The company made a new record recently by selling a total of 16 million...

Hyundai Mobis, Ottopia announces collaboration to introduce autonomous driving solutions
Dec 22, 2022 11:18 am UTC| Business Economy
Hyundai Mobis and Ottopia announced they have signed a deal to work together and launch autonomous driving solutions such as automotive-grade remote assistance. According to The Korea Times, Hyundai Mobis and Ottopia...

AMC withdraws from negotiations to acquire Cineworld cinemas
Dec 22, 2022 10:42 am UTC| Business Economy
AMC Entertainment Holdings, Inc. was previously reported to be interested in acquiring the bankrupt Cineworlds cinemas. However, in the latest update, it was said that the company is now halting its plans to buy the said...

General Motors issues recall on Chevy Bold EVs citing fire risks
Dec 22, 2022 10:16 am UTC| Business Economy
General Motors is recalling about 140,000 units of its Chevrolet Bolt electric vehicles in North America. The automaker said the affected units need to be fixed as the installed carpet may catch fire following a...