The coffee giant Starbucks has reportedly announced that it is going to venture into the flourishing fermented tea business. It has already started shipping Kombucha in six variants – under the juice brand Evolution, to grocers and retailers in a few selected cities. For the …

Ontario Power Generation, the government owned power company of Ontario, Canada, announced the purchase of Eagle Creek Renewable Energy, a New Jersey based energy company, thus making its foray for the first time outside the province. The deal has been finalized at $388 million and …

IKEA, the world’s largest furniture retailer, has finally stormed through all the difficulties it faced while coming to India. It has reportedly launched its first store in Hyderabad and is expected to commence operations from August 9. As quoted by the Economic Times, the store …

Kroger, one of the largest supermarket chains of the U.S., recently announced that it is contemplating the sale of its Turkey Hill manufacturing unit in Conestoga, Pennsylvania. The decision plausibly follows on the grounds of the company’s struggle to trim its businesses to convince the …

Rite Aid Corporation, a leading drugstore chain and Albertsons, a grocery seller, have reportedly announced the termination of their merger agreement soon after the disclosure of shareholder votes over the deal. Sources claim that the decision to terminate the merger was taken after both the …