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...The former head of Mars’ petcare division said it was looking to both organic growth and acquisitions to double sales from last year’s $45bn....
...Poul Weihrauch, who currently runs Mars Petcare, will take over as chief executive at the end of September, the company announced on Wednesday, with Reid retiring at the end of the year....
...Hotel Chocolat’s acquisition last week by Mars handed a sweet payout of £280mn to the UK boutique chain’s founders. It also filled a hole in the family-owned US confectionery giant’s brand mix....
...The announcement of his planned handover to Poul Weihrauch, head of Mars’ petcare division, extended that trend, revealing that the group’s annual revenues had grown by more than half in Reid’s time as CEO...
...Mr Szarzynski worked as global chief financial officer of Mars Petcare before leaving for JAB, where he is a partner and serves as chief operating officer and chief financial officer at Pret Panera....
...In February 2019, JAB made its first acquisition in petcare with a deal for Compassion-First Pet Hospitals, which operates 41 veterinary hospitals and emergency clinics in the US, putting it into a consumer...
...In the complaint, Mars said Szarzynski had downloaded “a broad range of confidential and proprietary Mars documents” relating to petcare, food and the overall Mars business....
...JAB’s latest purchase comes as people spend more on petcare globally....
...This puts the sector on a relative P/E premium of 29% on NTM+1 (Apr 21-Mar 22), 18.5x for Beverages vs 14.3x for the Market....
...Mars is to acquire one of North America’s largest providers of veterinary services for $9.1bn including debt, as the family-held M&Ms-to-Whiskas conglomerate seeks a bigger share of the growing US petcare...
...There is a trend towards premium products. ” Mars spent $2.9bn in 2014 to buy most of the petcare business of Procter & Gamble, acquiring the Iams, Eukanuba and Natura brands....
...Sign up for our daily US election email here. The biggest political news of the day comes not from the campaign trail but from the US Treasury....
...- Ackman v. Berkshire: Whose holdings are more immoral? - Meet the City types publicly backing a UK departure from the EU....
...In H2 FY16 (Oct-Mar), the government plans to issue INR150bn worth of SGBs....
...investors.petsathome.com Pet food Food is the largest single component of the petcare market, accounting for roughly two-fifths of sales in the US, according to Appa....
...The engines — powered by methane, a new propellant for US-built engines — will initially power a similar rocket to the Atlas V that ULA powers with Russian-built RD180 engines....
...ULA has stockpiled two years’ worth of RD180s for launches – and could switch more launches from the Atlas V to its more old-fashioned but wholly US-sourced Delta rockets....
...If the court does reverse the convictions it would mar the perfect record held by the US attorney’s office in its crackdown on insider trading among Wall Street professionals....
...Seasonals v positive (EM +10% Dec-Feb on average). 2. Technicals look fantastic as many markets break through 50-day moving averages. 3....
...Related links: Today was a very good day – Mark Cuban on Mamma.com, Mar 17 2004 PDF of complaint - SEC v Cuban...
...His path took him via Mars UK, Unilever, Burton Group and Ford....
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