Boost for BOS brand
Business Day - Sep 28th 2011, 09:17
Local ice-tea brand gets a boost with news that Manchester United manager Sir Alex is taking a 10% stake, InVenFin part of investment giant Remgro is taking 20%
CAPE TOWN — Organic ice-tea brand BOS has received a boost with the news that Manchester United manager Sir Alex Ferguson has confirmed a 10% personal investment in the brand.
Cape Town-based BOS also confirmed yesterday that InVenFin, a division of investment giant Remgro , had made a 20% investment into the brand.
Sir Alex said last week that BOS had the potential to be an important player in international and local markets.
"I am delighted to have discovered such an exciting new brand coming out of SA. I was struck by the passion of the BOS team, and by the great story underpinning the brand," said Sir Alex.
"What attracted InVenFin initially was the marvellous brand that BOS has developed. Backing up that distinctive brand is the excellent product itself," said InVenFin director Joe Kieser.
"We are proud to be associated with ... InVenFin and Sir Alex Ferguson. We believe their investment in BOS is confirmation that the brand has huge potential, and has further reinforced our determination to establish BOS locally and internationally," said BOS co-founder Grant Rushmere.
World food price index up
05/10/2012 - 07:56
World food prices rose slightly last month‚ following some stability in the preceding two months‚ according to the latest United Nations Food and Agriculture Organisation (FAO) report.
Tiger Brands buys 63% Dangote Flour
05/10/2012 - 07:46
Nigerian billionaire Aliko Dangote on Thursday sold 63 percent of Dangote Flour to South African consumer goods firm Tiger Brands in a deal worth $188 million, brokers said.
PPI slows to 5.1% in August
28/09/2012 - 11:59
Johannesburg - SA's producer inflation, which represents domestic output, was slower at 5.1% year-on-year in August compared with 5.4% in July, Statistics SA data showed on Thursday.
Tiger Brands acquires a 63.35% shareholding interest in Dangote Flour Mills in Nigeria
25/09/2012 - 08:54
Tiger Brands Limited (“Tiger Brands”) and Dangote Industries Limited (“Dangote”) are pleased to announce they have executed a share sale and purchase agreement which will result in Tiger Brands acquiring a 63.35% shareholding in Dangote Flour Mills Plc (“Dangote Flour Mills”) for approximately R1.5 billion from Dangote. The transaction is expected to be effected during the first week of October 2012.
France fines washing powder firms
09/12/2011 - 08:25
Paris/Frankfurt - France’s competition authority slapped fines totalling $484m on Colgate Palmolive, Henkel and Procter & Gamble for fixing prices of washing powder in France from 1997 to 2004.