Money Nestle in talks to buy Champion Petfoods for $2.6 billion: report

23:06  03 july  2018
23:06  03 july  2018 Source:

Instagram Is Estimated to Be Worth More than $100 Billion

  Instagram Is Estimated to Be Worth More than $100 Billion Facebook Inc.’s Instagram is estimated to be worth more than $100 billion, if it were a stand-alone company, marking a 100-fold return for the app was purchased in 2012, according to data compiled by Bloomberg Intelligence. The photo-sharing platform, which reached 1 billion monthly active users earlier this month, will likely help nudge Instagram revenue past $10 billion over the next 12 months, Bloomberg Intelligence analyst Jitendra Waral wrote in a report Monday. Instagram is attracting new users faster than Facebook’s main site and is on track to exceed 2 billion users within the next five years, Waral said.

Journal Report . Business Podcast. Tech. Nestlé SA is in talks to acquire a majority stake in Canada’s Champion Petfoods for more than $ 2 billion , according to people familiar with the matter, as the consumer- food giant boosts investment in higher growth businesses to help offset its

Champion Petfoods — Maker of award-winning Biologically Appropriate™ ORIJEN and ACANA dog and cat foods — learn more about us and where to buy our foods !

070318-petFood176© Bruce Edwards

Nestle is trying to buy control of Edmonton-based Champion Petfoods for more than $2.6 billion, according to a report in the Wall Street Journal.

The article, citing unnamed sources familiar with the matter, says the global food giant is in talks to purchase a majority share of the specialty maker of dog and cat food, although the negotiations could break down before a deal is reached.

Champion officials couldn’t be reached Tuesday, but in a statement the company declined to comment on what it called “speculation in the market.”

“Rumours about Champion being sold have been circulating over the past few years and will continue for as long we deliver on our promise to make the world’s best pet food under our ACANA and ORIJEN brands,” the statement says.

Substance use cost tops $38 billion: report

  Substance use cost tops $38 billion: report The economic cost of substance use in Canada in 2014 was $38.4 billion, or about $1,100 for every Canadian, and came with a staggering toll of 67,515 deaths, says a report released Tuesday. The Canadian Centre on Substance Use and Addiction partnered with the Canadian Institute for Substance Use Research to examine the data and estimate the harms of substance use based on health, justice, lost productivity and other costs.

Nestlé is in talks to acquire a majority stake in Canada’s Champion Petfoods for more than $ 2 billion , according to people familiar with the matter, as the consumer- food giant boosts investment in higher growth businesses to help offset its struggling packaged- foods operations.

Champion Petfoods . 14,283 likes · 106 talking about this. Makers of the World's Best Petfood — ORIJEN & ACANA. Biologically Appropriate™ pet foods from

“Champion Petfoods continues to be privately held with investment from our Canadian partner, (Toronto’s) Bedford Capital, and our vision remains — build trust with pet lovers everywhere.”

The company announced in 2017 it was building a 37,000-square-metre kitchen in Parkland County’s Acheson Industrial Park on Edmonton’s western border that would greatly expand its production capacity.

The site was expected to cost more than $263 million.

Chief executive Frank Burdzy said at the time there wasn’t enough room to expand the existing Morinville facility, but the site would continue current output and could add other products.

The firm has a small operation in Oakville, Ont., and a production kitchen in Auburn, Ky., that opened in 2016 to serve the American market.

Nike fiscal 4Q profit tops forecasts

  Nike fiscal 4Q profit tops forecasts Shares of Nike Inc. jumped in after-market trading Thursday after the sneaker giant posted better-than-expected results. The Beaverton, Oregon-based company said it earned $1.14 billion, or 69 cents per share, in its fiscal fourth quarter. Revenue was $9.79 billion, a 13 per cent rise over the same period a year earlier.

Nestle is buying Canadian vitamin maker Atrium Innovations for $ 2 .3 billion , expanding its presence in consumer healthcare as it seeks to offset weakness in packaged foods . Reporting by Martinne Geller; Editing by David Evans, Greg Mahlich.

Where To Buy . Summary: As the maker of ORIJEN and ACANA dog and cat foods, Champion developed this paper to: discuss the source of heavy metals in pet foods ;publish the maximum tolerable limits (MTLs) for dogs and cats; and discuss the results in comparison to animal health to

The company has a total of 550 employees and sells its products in more than 80 countries.

It was founded in 1975 by Reinhard Muhlenfeld, a German immigrant who bought a feed mill in Westlock with other investors and later expanded to Barrhead.

Class action lawsuits were filed against Champion in March in California, Wisconsin and other states alleging its dog food contains levels of heavy metals and toxins that might make the food unsafe, and this was not disclosed.

The company says its products are safe, none has been recalled and describes the claims as baseless.

It has filed to have the lawsuits dismissed.

Djokovic advances to Wimbledon semifinals .
Novak Djokovic advanced to the last four at a Grand Slam for the first time since 2016 with a 6-3, 3-6, 6-2, 6-2 Wimbledon quarterfinal victory over Kei Nishikori .Three-time Wimbledon champion Djokovic maintained the dominance he has shown throughout the tournament on his first serve.The 24th-seeded Nishikori was able to attack Djokovic's second serve and had a chance to take the lead when he was 0-40 up at 2-2 in the third set.Djokovic rallied to hold and only lost two more games from that point onward as he advanced to his first Grand Slam semifinal since the 2016 U.S. Open.

—   Share news in the SOC. Networks
This is interesting!