Under an initiative approved by the Board, Fortune Brands would become a pure-play spirits company, spin off home and security to shareholders, and either sell or spin off its golf business.
The transaction makes PepsiCo the largest food-and-beverage business in Russia and strengthens its position in fast-growing Eastern European and Central Asian markets.
The acquisition will create a stronger foothold for Sara Lee in the Brazilian territory, given the brands strong market position in the No. 1 coffee producing country.
CEOs from 400 global consumer goods manufacturers and retailers join together to launch initiatives to halt deforestation practices and phase out climate-damaging refrigerants.
The retail giant has offered to acquire 51 percent of the shares of Massmart Holdings Limited, a managed portfolio of nine wholesale and retail chains, and one buying group. The deal will accelerate its expansion in South Africa, a high growth market.
Watch candid Q&A videosfrom the industry thought leaders that presented at this year's premier eventfor innovation-focused executives in the CG industry.
