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Confectioner Ferrero Acquires Owners of Halo Top, Expanding North American Business

Ferrero, a manufacturer of candies, is purchasing Wells Enterprises, the maker of Blue Bunny, Blue Ribbon Classics, and Halo Top ice cream. Early 202

Ferrero, a manufacturer of candies, is purchasing Wells Enterprises, the maker of Blue Bunny, Blue Ribbon Classics, and Halo Top ice cream. Early 2023 is the projected closing date for the deal. Kinder, Tic Tac, and Nutella are already part of the Ferrero repertoire, but for the past five years, the European brand has been aggressively expanding into North America. The retail sales of chocolate and other candies reached a record $36.9 billion last year, according to the National Confectioners Association. Wells Enterprises, which was established in 1913, is now the secondlargest ice cream manufacturer in the United States, behind only Ben & Jerrys owner Unilever. Wells employs more than 4,000 people and produces more than 200 million gallons of ice cream annually. Read More..

B2B Tech News | 3 months ago        

HMC Capital launches $1 billion Last Mile Logistics fund with Sydney Mall

The first asset to launch HMC Capitals anticipated $1 billion Last Mile Logistics LML unlisted fund has been acquired. Lendleases SubRegional Retail F

The first asset to launch HMC Capitals anticipated $1 billion Last Mile Logistics LML unlisted fund has been acquired. Lendleases SubRegional Retail Fund will sell the Menai Marketplace in southern Sydney to the business for $150 million. The sale of Southlands Boulevarde to HomeCo Daily Needs REIT for $92.5 million also took place 12 kilometres south of the Perth city centre. As part of a Lendlease LML Fund strategy to reposition real estate into daily needs retailerfocused infrastructure, HDN has finished the acquisition of Southlands Boulevarde in Perth and Menai Marketplace in Sydney. The center, which has a low site coverage of 32% and is located in the Sutherland Shire, 30 km from Sydneys central business district, is anchored by a Woolworths store. Read More..

B2B Tech News | 3 months ago        

PepsiCo lays off hundreds of employees in North America

The company employs over three lakh people worldwide, with over 1.2 lakh of them based in the United States. Layoffs will be made across the companys

The company employs over three lakh people worldwide, with over 1.2 lakh of them based in the United States. Layoffs will be made across the companys North American beverage, snacks, and packaged foods businesses. Despite rising prices, PepsiCo increased net revenue by 8.8% to $21.97 billion in the JulySeptember quarter. PepsiCo has announced the layoff of 1,000 employees, representing 1% of its workforce. Thousands of employees have already been laid off at Walmart, Ford, Netflix, and Tesla. Read More..

B2B Tech News | 3 months ago        

AD Ports Group signs a cooperation agreement with Africa Finance Corporation

An agreement for cooperation between the Africa Finance Corporation and AD Ports Group has been struck. Together, the two organisations will look for,

An agreement for cooperation between the Africa Finance Corporation and AD Ports Group has been struck. Together, the two organisations will look for, finance, and build infrastructure projects across Africa. AFC has contributed more than US$ 10 billion to infrastructure initiatives throughout Africa over the past 15 years. Africa has the fastestgrowing economies in the world, which calls for the construction of new ports and maritime infrastructure. In order to assist African countries in creating cuttingedge trade centres that can handle the expanding volume of marine trade, the UAE and AD Ports Group have inked a cooperative agreement. Read More..

B2B Tech News | 3 months ago        

Angola promotes business with Africa, the Caribbean and the Pacific

Manuel Nunes Junior, the minister of State for Economic Coordination, made the point on behalf of the government that the nation is not only seeking f

Manuel Nunes Junior, the minister of State for Economic Coordination, made the point on behalf of the government that the nation is not only seeking financial resources and cuttingedge technology, but also the knowhow required to diversify and swiftly and effectively boost domestic production of goods and services. The idea was made by Nunes Junior at a business event that was held in conjunction with the Organization of African, Caribbean, and Pacific States 10th Summit, whose proceedings will culminate on Saturday. He claims that during the past five years, authorities have made significant efforts to make Angola a desirable location for both domestic and foreign businesses. Read More..

B2B Tech News | 3 months ago        

Northleaf Opens Office in Tokyo and Expands Global Presence in Asia to Meet Growing Investor Interest

Tokyo is Northleafs ninth facility worldwide, expanding on the companys longstanding dedication to the AsiaPacific APAC area. Jeff Pentland, a found

Tokyo is Northleafs ninth facility worldwide, expanding on the companys longstanding dedication to the AsiaPacific APAC area. Jeff Pentland, a founding partner of Northleaf and a member of its Investment Committee, will be in charge of the Tokyo office. Pentland worked in the legal firm of Hamada & Matsumoto for more than 15 years while residing in Japan. To far, public, corporate, and multiemployer pension plans, endowments, foundations, financial institutions, and family offices have committed US$21 billion in equity, private credit, and infrastructure commitments to Northleaf Capital Partners, a worldwide private markets investment company. The 200 specialists on the Northleaf team are solely responsible for finding, analysing, and managing private market assets around the world. Read More..

B2B Tech News | 3 months ago        

The future of fintech in Europe is very similar to traditional banking

The largest fintech companies in Europe are starting to resemble triedandtrue traditional banking. They have been forced to reflect after experiencing

The largest fintech companies in Europe are starting to resemble triedandtrue traditional banking. They have been forced to reflect after experiencing record losses and a sharp decline in the value of the tech sector. Adyens stock has decreased by about 40% over the past year, and Stripe internally reduced its worth by 27%. Following a down round, Klarnas valuation fell to $6.7 billion. Revolut, which is aiming to be a superapp for finance, unveiled a BNPL product in Ireland. Formerly the most valued tech unicorn in Europe, Klarna has been experimenting with a variety of goods, including tools for comparing prices. Adyen will be able to grow in this market because to the banking licences it received in 2017 in Europe and 2018 in the US. Read More..

B2B Tech News | 3 months ago        

DigitalX Sees Crypto Assets Plunge 27% in One Month

In the month of November, DigitalX recorded a 26.8% decline in the value of its namebrand digital assets fund. At the end of November, the group held

In the month of November, DigitalX recorded a 26.8% decline in the value of its namebrand digital assets fund. At the end of November, the group held $11.9 million in Bitcoin and other digital assets, down from $16.6 million in October. Chief Executive Officer Lisa Wade attributed the decline to a chain reaction following the demise of bitcoin exchange FTX, which had its headquarters in the Bahamas. In FY22, DigitalX operated at a consolidated loss of $2.8 million, compared to a net profit after tax of $6.8 million the year before. The share price of the group has decreased 32.5 percent over the last six months and 73% since this time last year. However, DCC shares were steady today at 2.7 cents per share, indicating a market capitalization of $20.1 million. Read More..

B2B Tech News | 3 months ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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