Giovanni Ferrero, the man behind Nutella and Ferrero Rocher, has been on a shopping spree. Over the past decade, he's snapped up 21 companies across nine countries, turning his family's Italian candy business into a global food giant. The latest addition to his empire? WK Kellogg, the company behind Froot Loops and Corn Flakes, bought for a cool $3. 1 billion. Ferre...
Stord, a major player in the e-commerce logistics game, just made a big splash. They have taken over Ware2Go, a warehousing and fulfillment network, from UPS. This move is all about growing fast and meeting the huge demand from online shops. With this takeover, Stord is adding 21 new warehouses to its collection. These warehouses are not small. They add up to 2. 5 m...
AEC Supply, Inc. has taken over Schaefer Greenhouses. This is a big deal because Schaefer Greenhouses has been a family-run business in Montgomery for nearly a century. AEC Supply is known for its high-quality landscaping and agricultural products. They are excited to expand their brand and services by taking over Schaefer Greenhouses. The acquisition happened quick...
Elon Musk, the world's wealthiest person, has clarified that he isn't interested in buying TikTok. He prefers starting companies from scratch rather than acquiring existing ones. This news comes as a relief to another potential buyer, Jimmy Donaldson, also known as MrBeast. Musk has a good relationship with China, having praised the country and operating a Tesla fac...
President Donald Trump recently dropped a bombshell. He announced that Nippon Steel, a Japanese steel giant, was no longer planning to buy U. S. Steel. Instead, they were looking into investing in the company. This news came as a surprise to many. The president mistakenly called Nippon Steel "Nissan, " the well-known car company. This slip-up added a touch of confus...
Jared Isaacman, a 41-year-old space enthusiast, just commanded the world's first all-civilian space mission. He's also the founder of Shift4, a fintech company that bet big on stablecoins. In 2020, he took Shift4 public on the New York Stock Exchange, raising its market cap to $9. 3 billion. His interest in crypto sparked a deal with entrepreneurs Alex Wilson and Pat...
Big things are happening in the world of sports! TKO Group, the company that's home to WWE and UFC, is diving into new territories. They're snapping up three big businesses from Endeavor Group for a cool $3. 25 billion. These businesses? Professional Bull Riders (PBR), luxury event organizer On Location, and media rights experts IMG. The deal is all about stock, and ...
In a move aimed at streamlining their portfolio and focusing on higher-margin brands, General Mills has announced a $2.1 billion deal to sell its North American yogurt operations to French dairy firms Groupe Lactalis and Sodiaal. The divestiture marks a significant shift for the company, which has been pressured to adapt to changing consumer demands and intense compe...