Another US company is taking the tax inversion route into Ireland in another billion-dollar deal. Tesco is shutting some shop doors in the UK, and Sears is trying to do the same in Canada. The 'Big 3' online companies in India have incurred a slump in their profitability, while a tonic water maker in the UK and Siemens in Germany report soaring results.
asia & down under
Asian buyer wanted The deadline for expressions of interest to buy bust electronics retailer Dick Smith closes tomorrow. Receivers appear to favour a single buyer from Asia.
FOODBOARD™ – Cartonboard with functional barrier for sustainable and safe food packaging
With FOODBOARD™, Mayr-Melnhof Karton has developed the next generation of cartonboard which ensures highest product safety: FOODBOARD™ shields packed food against the migration of defined unintended substances such as mineral oils, phthalates, DIPN and bisphenol A and provides protection against cross-contamination during transport, storage and at the point of sale.
Kingfisher invests Europe's largest home improvement retailer Kingfisher has announced a transformation programme to deliver a GBP 500 million “sustainable” annual profit uplift by the end of a five year process, which involves costs of GBP 800 million.
USA & Canada
trends to watch
The future of the smartphone Whilst some diagnose consumers with 'iPhone fatigue' or 'smartphone fatigue' in general, Fairphone, a small Dutch enterprise, is raising consumers' awareness of the social and environmental impact of the smartphone supply chain by building an ethical smartphone.
Watch that wrist The rush on new smartphone releases may not be what it used to be, but consumer interest in wearables is trending the other way with the US wearable technology market booming - estimated sales increased 186% from 2014-2015, reaching US$7 billion in 2015. And the British seem to be picking up the pace.