Unilever selling magarines for 6.8 bn euros to US giant KKR
Anglo-Dutch food and consumer giant Unilever
The Hague - AFP
Anglo-Dutch food and consumer giant Unilever said Friday it had reached a 6.8-billion-euro ($8-billion) deal with US private equity giant KKR to sell its margarines business.
Unilever "has received a binding offer from KKR to purchase its global spreads business for 6.825 billion euros on a cash-free, debt-free basis," the company said in a statement. After spurning a takeover by US rival Kraft Heinz in April, Unilever announced it would spin-off its margarines, which include such brands as Flora, Blue Band and Rama, as part of a restructuring plan
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Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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