Finance & Capital Management

Deloitte Touche Tohmatsu announces a collaborative global initiative among Deloitte member firms and SAP AG to develop and deliver enterprise solutions to better serve clients in their efforts to enable efficient, effective and sustainable governance, risk and compliance (GRC) management processes.

Playtex Products Inc. acquired the stock of Tiki Hut Holding Company Inc., the owner of Hawaiian Tropic sun care -- a move that is in line with Playtex's acquisition strategy to acquire products in its core categories that promote growth internationally.

Cutter & Buck Inc., a designer and marketer of upscale golf and sportswear in the United States, signs a definitive agreement to be acquired by New Wave Group AB, a leader in the design and marketing of consumer products for the corporate promotional and consumer retail markets in Europe.

Kraft Foods Inc. announces that Jeri Finard, executive vice president and chief marketing officer (CMO), has decided to leave the company for personal reasons.

Barilla America, the U.S.-based division of The Barilla Group, Italy's largest food producer, makes the fastest-growing pasta and sauce brand lines in their categories.

CDC Software, which offers industry-specific enterprise applications and business services, signs a definitive merger agreement with CRM solutions vendor Saratoga Systems.

Limited Brands promotes Stuart Burgdoerfer to the role of CFO.

French retailer Pinault-Printemps-Redoute (PPR) made a $7.07 billion (5.3 billion euro) bid to add German sportswear company Puma to its line-up of Gucci and Yves Saint Laurent iconic fashion brands.