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nestle completes sale of alcon to novartis
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nestlé acquired alcon in 1977 for usd 280 million. over the years, nestlé supported alcon's r&d drive and international expansion, enabling the company to build a significant global leadership position in the eye care business. taking into account the three steps of the gradual divestment of alcon - the initial ipo of 23.25% in 2002, the sale of 24.8% in 2008 and the sale of nestlé's remaining alcon shares to novartis completed yesterday - nestlé has realised usd 41 billion, thereby achieving full and fair value for its shareholders. as an immediate result, nestlé will substantially reduce its net debt position, which stood at chf 29.6 billion at the end of june 2010. the group will continue to capture opportunities to accelerate its development in core areas where its competences can be better leveraged and, through responsible capital management, maintain its aa rating - the gold standard credit quality in the industry - while providing a competitive return to its shareholders. nestlé chairman peter brabeck-letmathe: "over the years nestlé's financial and operational support has allowed alcon's management to focus on its fantastic development from a minor player to global leadership in ophthalmology. i would like to thank the past and present managements of both alcon and nestlé for their work in building such a successful business." nestlé ceo paul bulcke: "i am happy to be part of this successful creation of shareholder value by nestlé. this divestment of our interest in alcon will enable our management to concentrate on accelerating nestlé's transformation as the world's leading nutrition, health and wellness company and delivering on our promise of good food, good life."
Source :flex-news-food.com
Date :
26
August
2010
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drh has plans to open its 19th bww restaurant, in fort myers, florida, later this year and its 20th outlet, in traverse city, michigan, in the beginning of 2011.the company, which currently owns and operates three restaurants in berkley, ann arbor and novi in michigan, will open a fourth location in brighton, michigan, before the end of 2010.buffalo wild wings has signed an area development agreement with the company which results in opening a total of 38 bww restaurants in florida and michigan by 2017.
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consequent to the deal, duke marketing will manage communications, branding, and public relations for the 77-unit expanding restaurant chain. duke marketing chief executive linda duke said that the company has already begun developing concepts for straw hat\'s new locations opening soon outside of california. \"as a native californian i have eaten straw hat pizza since i was a little girl. as a long time fan of straw hat, i couldn\'t be happier to get them back on consumers\' radar and to introduce many more fans across the country to the brand,” duke said.
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the company has entered into an agreement with regents to develop several u-swirl frozen yogurt cafes in the boise market.regents has inked a lease for a 2,400sq ft retail area located in a retail shopping district on the northwest corner of eagle and ustick roads in meridian.regents general manager ben poulsen said that the company believes it has found the ideal spot for its first u-swirl frozen yogurt cafe, and the build-out of its space is expected to take approximately 90 days, which should allow the cafe to be open for business during the upcoming holiday season.
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the country fried steak ‘n’ gravy biscuit is available at hardee’s for $2.19, or in a combo with hash rounds and a colombian blend coffee or beverage starting at $3.89.cke restaurants executive vice president of marketing brad haley said that many people love to eat country-fried steak and gravy for breakfast but it’s always been a sit-down affair requiring a knife and fork“hardee’s new country fried steak ‘n’ gravy biscuit makes the whole thing portable by putting a great-tasting, crispy steak, covered with our famous sausage gravy, inside one of our made from scratch biscuits.
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sorini, which has a stock market value of $234 million, produces sorbitol, a sweetener used in toothpaste and chewing gum, and includes unilever, nestle sa and procter & gamble co among its customers. \"by taking control of sorini, cargill will have important control of the sorbitol and starch-derivative products supply chain,\" one source told reuters. \"the growth opportunities are promising, for both domestic consumption and exports,\" for example to china and india, the source added.
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foster\'s carlton & united breweries beer operation, which is to be demerged in the first half of 2011, is a takeover target valued at more than $10 billion. but the company made no reference to the takeover talk that drove its share up over 7 percent on monday. beverage giants sabmiller and japan\'s asahi breweries are eyeing foster\'s beer unit but have not decided whether to make formal offers, sources told reuters on monday.
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artisanal president and ceo daniel dowe said that this distribution partnership is a valuable component of the company\'s ongoing retail initiative.“our cheeseclock and color coded boxes make cheese purchasing easy and fun, helping the end consumer pair our cheese selections with wine and beer and providing a two-pronged marketing benefit to retailers who sell those beverages in addition to cheese,” dowe said.
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the company said that these trail mix blends combine its whole grain granola with a range of nuts, dried fruits, seeds and certain ingredients.the new bear naked 100% pure & natural trail mix comes in cranberry almond, pecan apple flax, and chocolate cherry.cranberry almond is a medley of cranberries, sun-ripened raisins, walnuts, almonds and bear naked peak protein granola clusters.the company claims that pecan apple flax comprises 200mg of the omega-3 ala in each serving that features bear naked peak flax granola, raisins, roasted sunflower seeds, pecans, pepitas, apple slices, and flax seeds.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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