food and beverage

FB Roundup: Subway, CIR Group & Tata Sons

May 4, 2018

Sister of Subway founder retires after 45 years, Monica Mondardini steps away from GEDI, Tata and John Deere lease to subsistence farmers

Sister of Subway founder retires after 45 years

Suzanne Greco, the sister of Subway founder Fred DeLuca, has retired as chief executive after more than 45 years with the business.

Greco started with the company as a “sandwich artist” in 1973, and worked her way up the ranks, becoming chief executive in 2015 when her older brother died of cancer.

L'Oreal ready to buy-out Nestlé following Bettencourt's death

February 15, 2018

A cash-rich L’Oreal is ready and waiting to buy back the stake of itself owned by struggling Nestlé, the beauty giant’s chief executive has said.

A cash-rich L’Oreal is ready and waiting to buy back the stake of itself owned by struggling Nestlé, the beauty giant’s chief executive has said.

Off the back of a stellar year which saw the French beauty company’s profits rise 15%, chief executive Jean-Paul Agon gave an emphatic “yes” when asked whether L’Oreal would be keen to buy back the 23% stake owned by Nestlé, worth nearly €23 billion ($28 billion).

Family Business Roundup: News Corp to delist; Suntory files for IPO; Fiat plans Chrysler purchase

May 31, 2013

News Corp to delist in London when it splits its business activities; Japanese drinks firm Suntory plans $4.7 billion IPO; and Fiat wants to buy the remaining stake in Chrysler.

News Corp

News Corp has announced it will delist from the London Stock Exchange when it splits its publishing and entertainment activities next month.