Profit is sweet, but Laura Secord for sale

Article Abstract:

Nestle SA of Switzerland is hiring New York-based Rhone Group LLC to sell its Laura Secord Inc.'s Canadian chain of chocolate and gift stores, its Toronto, Ontario-based factory as well as other related brand names. Laura Secord's president Bob Leonidas did not disclose the price but divulged the firm's annual sales at C$85 million. The divestment was reportedly a result of a concentration on its core businesses that excluded the Secord stores from its long-term goals. Laura Secord employs over 2,000 people including 500 workers at the Toronto facility. It also operates 18 locations with Hallmark Cards Inc.

Comment:

Canadian stores is being sold by its parent firm Nestle SA together w/ a Toronto factory & other brand names

Use of services, Food & Kindred Products, Food Manufacturing, Switzerland, Contracts & orders received, New York, Ontario, Subsidiary-to-parent activities, Nestle S.A., Article, Rhone Group LLC, Laura Secord Inc.

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Global beer giants foreseen on horizon

Article Abstract:

The beer industry will become global marketing giants in the future following the footsteps of Coca-Cola Co and Nike Inc, according to consultants at McKinsey & Co. Brewers can either build global brands that can reach mainstream status in different markets or develop superior skills in the marketing of global brands, says Deepak Ramachandran, a consultant in McKinsey's Toronto, Canada, office.

Strategy & planning, Breweries, World, Beer & Ale

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