SUBSCRIBERS
China's Bright to sell Weetabix to Post Holdings for US$1.76b
Published Tue, Apr 18, 2017 · 09:50 PM
Shanghai
CHINA'S Bright Food Group Co Ltd has agreed to sell iconic British cereal brand Weetabix to US cereal company Post Holdings for US$1.76 billion, a spokesman for the Chinese conglomerate said on Tuesday.
The sale, if completed, would mark the end of Chinese ownership of the British cereal maker after Bright took control of the company…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Prada’s sales up 16% in first quarter as Miu Miu shines
Toymaker Hasbro posts quarterly profit beat, slower sales decline
Hilton lifts 2024 profit forecast on international travel demand
China knockoff raid jolts a global throng of fake-fashion influencers
Roche cuts pipeline after research setbacks and sales drop
Cordlife customers push for legal action