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Nestle said on Wednesday it would sell Pure Life and some other struggling North American water brands to two private equity firms for $4.3 billion, as the food giant doubles down on its premium. | February 21, 2021 ....
By @TobyChilliShow Feb 17, 2021 What do you do with all the stuff your ex leaves behind and you don’t want? It’s a dilemma many people find themselves in after a breakup and it turns out, there’s an online shop that can help. “Once-Loved Store” is an Instagram account that promises to sell items from people’s exes. Malaysia-based engineer Haim Azaman was inspired to create the shop (called Kedai Pernah Sayang in Malay language) after seeing an Indonesian movie where someone runs a shop that, you guessed it, sells stuff from people’s exes. After coming up with the idea, he helped his sister get rid of a mug, a camera, and a MacBook from her ex-boyfriend. And thanks to social media spreading the word, Azaman says within weeks, his inbox was full of messages from people ready to let go of memories from relationships past. ....
Nestle To Sell North American Waters Brands In $4.3 Bln Deal VEVEY (dpa-AFX) - Swiss food and beverage giant Nestle SA announced Tuesday its agreement to sell Nestlé Waters North America to One Rock Capital Partners LLC in partnership with Metropoulos & Co. for $4.3 billion. The divesting businesses include its regional spring water brands, purified water business and beverage delivery service in the U.S. and Canada, which had sales of around 3.4 billion Swiss francs in 2019. The sale includes Poland Spring, Deer Park, Ozarka, Ice Mountain, and Zephyrhills brands of 100% Natural Spring Water, Arrowhead Brand Mountain Spring Water, and Pure Life and Splash. ....
Takeover target Signature Aviation said on Wednesday it had agreed to sell its engine repairs business to Carlyle-owned StandardAero for $230 million to streamline its business and focus on. | February 21, 2021 ....
(MENAFN - ING) Overnight: markets shrug the Fed With the US Treasury sell off accelerating in the US and Asia sessions, and 10Y last around 1.3% in yields, the focus is increasingly on the Fed to provide some reassurance that it won t seek to tighten policy aggressively in the face of faster inflation. The messages overnight were mixed on that front. Mary Daly of the San Francisco Fed did what many in the market hoped: dismissed fear of policy tightening stressing how it would hamper job creation. Esther George also struck a dovish tone characteristic of Fed officials of late but did not express concern at the rise in rates. ....