Following the previous announcement made in March 2012, the British international department store chain Debenhams has confirmed plans to open its first store in Russia this September.
Kraft Foods Inc. announced plans to change its corporate name to Mondelēz International, Inc. “Mondelēz” (pronounced mohn-dah-LEEZ’) is a newly coined word that evokes the idea of “delicious world.” “Monde” derives from the Latin word for “world,” and “delēz” is a fanciful expression of “delicious.” In addition, “International” captures the global nature of the business.
In the next step toward launching two world-class public companies, the Kraft Foods Inc. Board of Directors today announced the appointments of the Chairmen and Chief Executive Officers of the future global snacks and North American grocery companies. As previously announced, the company expects to complete the spin-off by the end of 2012.
On August 4, Kraft Foods Inc. announced that its Board of Directors intends to create two independent public companies: A highgrowth global snacks business with estimated revenue of approximately $32 billion and a high-margin North American grocery business with estimated revenue of approximately $16 billion. The company expects to create these companies through a tax-free spin-off of the North American grocery business to Kraft Foods shareholders.
Sportlifestyle company PUMA has transformed into a European Corporation and trades under the name of PUMA SE, becoming effective with today’s registration of the company with the commercial register. The international structure of the one-tier European Corporation will underpin the corporate development of the company.