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Norway s Wealth Fund Puts Kirin on Watch for Myanmar Ties

Norway’s Wealth Fund Puts Kirin on Watch for Myanmar Ties Bloomberg 3/4/2021 © Photographer: Akio Kon/Bloomberg Bottles of Kirin Brewery Co. beer. (Bloomberg) Norway’s sovereign wealth fund put Kirin Holdings Ltd. under observation due to the risk that the beverage maker might contribute to serious violations of human rights. “The Council on Ethics has recommended to place the company under observation based on Kirin’s business cooperation with an organization with ties to the military in Myanmar,” Norges Bank Investment Management, the fund’s official name, said in a statement late on Wednesday. The Oslo-based fund, which is the world’s biggest stock owner, is managed according to a wide range of ethical guidelines and puts companies under observation or excludes them from its investment universe based on advice from the ethics council.

North koreaNorth koreanKirin holdings ltdNorges bank investment managementCouncil on ethicsBottles of kirin brewery coKirin breweryBloomberg bottlesKirin holdingsBank investment managementவடக்கு கொரியாவடக்கு கொரியன்கிரீன் ஹோல்டிங்ஸ் லிமிடெட்சபை ஆன் நெறிமுறைகள்பாட்டில்கள் ஆஃப் கிரீன் மதுபானம் இணைகிரீன் மதுபானம்

Nestle Sells U S Water Unit to One Rock for $4 3 Billion

Man Who Saved Pabst Comes to Rescue Nestle’s Ailing Water Brands Bloomberg 2/17/2021 Corinne Gretler and Jeff Sutherland © Bloomberg Bottles of water move on the production line at the Nestle Waters Canada plant near Guelph, Ontario, Canada, on Friday, Jan. 16, 2015. (Bloomberg) Nestle SA agreed to sell bottled-water brands in the U.S. and Canada to private-equity firm One Rock Capital Partners in a $4.3 billion deal that puts the future of the ailing business in the hands of the man who helped turn around Pabst Blue Ribbon and Hostess Twinkies. Dean Metropoulos is joining up in One Rock’s purchase of the Nestle brands, which include Poland Spring, Pure Life and Deer Park. The billionaire investor is known for reviving worn-out products like Bumble Bee Tuna and Chef Boyardee.

United statesJean philippe bertschyMark schneiderMetropoulos coBank vontobelNestle waters canadaBloomberg bottlesOne rock capital partnersLone rockPoland springPure lifeSan pellegrinoAcqua pannaChief executive officer mark schneiderPhilippe bertschyNorth american

McKinsey to Pay $573 Million to Resolve U S Opioid Claims

McKinsey to Pay $573 Million to Resolve U.S. Opioid Claims Bloomberg 2/4/2021 Jef Feeley © Bloomberg Bottles of Purdue Pharma L.P. OxyContin medication sit on a pharmacy shelf in Provo, Utah, U.S., on Wednesday, Aug. 31, 2016. (Bloomberg) McKinsey & Co. will pay $573 million to settle claims by U.S. states that the blue-chip consulting firm helped fuel the country’s opioid epidemic by providing sales analysis and marketing advice to makers of the highly addictive painkillers, including Purdue Pharma LP and Johnson & Johnson. Most of the money will go to government programs fighting opioid addiction and providing treatment, North Carolina Attorney General Josh Stein said Thursday. The company helped “turbocharge” opioid sales for 15 years while consulting for Purdue and its billionaire owners, the Sackler family, Stein said.

United statesDistrict of columbiaNorth carolinaXavier becerraPurdue pharmaHolly froumJosh steinBloomberg mckinsey coMckinsey coJustice departmentUs justice departmentBloomberg bottlesNew york based mckinseyNorth carolina attorney general josh steinCalifornia attorney general xavier becerraBloomberg intelligence

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