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Both Kraft Heinz and Mondelez are interested in the assets so they can expand their global footprint picture cufflinks for wedding uk online. Based on the first-round bids received, Campbell Soup could fetch close to $3 billion for its international business, the sources added. Private equity firms Bain Capital LP, KKR & Co Inc (KKR.N) and FinTrek Capital Hong Kong Co Ltd also made the shortlist to participate in the second round of the auction for Campbell Soup’s international business, according to the sources. Nutella maker Ferrero SpA, which had previously also expressed interest in the assets, is currently in talks with Campbell Soup over whether it will remain involved in the auction process, the sources added..
Campbell Soup could wrap up the auction for its international business in the first quarter of 2019, the sources said, asking not to be identified because details of the process are confidential. Campbell Soup, Kraft Heinz, Mondelez, Ferrero, Bain, KKR and FinTrek Capital did not immediately respond to requests for comment picture cufflinks for wedding uk online. Under pressure from investors to boost its profitability and stock performance, Campbell Soup announced in August it would make preparations to divest its international portfolio as well as its “fresh” business, which includes Bolthouse Farms and Garden Fresh Gourmet..
This will allow it to reduce its $8 billion debt pile and focus on its core North American market, as well as its snacks, meals and beverages businesses picture cufflinks for wedding uk online. Most of the debt weighing on Campbell Soup is the legacy of its $6.1 billion acquisition in March of snack maker Snyder’s-Lance Inc. Last Thursday, Campbell Soup named Mark Clouse, the former CEO of Pinnacle Foods, as its new chief executive, in another key step in the company’s efforts to regain market share and boost profits. The pick had the backing of Campbell Soup shareholder Third Point LLC..
BEIJING (Reuters) – Tesla Inc has slashed prices on its Model 3 electric car in China. According to the California-based electric carmaker’s Chinese website, prices of certain Model 3 cars were cut by up to 7.6 percent. The starting price for a Model 3 in China now is 499,000 yuan ($72,000). It was the third time in the last two months that Tesla has adjusted its prices in China. In November, the company cut the prices of its Model X and Model S cars by 12 to 26 percent. Tesla at the time said it was “absorbing a significant part of the tariff to help make cars more affordable for customers in China” picture cufflinks for wedding uk online.
MUNICH/SAN FRANCISCO (Reuters) – Chip supplier Qualcomm Inc won a second court skirmish in its worldwide patent battle with Apple Inc on Thursday, with the iPhone maker saying it would pull some older models from its German stores. Qualcomm’s win in Germany comes weeks after it secured a court order to ban sales of some iPhone models in China picture cufflinks for wedding uk online. Apple, which is contesting both rulings, has continued to offer its iPhones in China but made changes to its iOS operating system in the wake of the Chinese order..