Hart trims global packaging empire with US$615m sale

Hart trims global packaging empire with US$615m sale
Paul McBeth
Billionaire Graeme Hart's packaging empire just got a little smaller after Reynolds Group Holdings sold some of its North American, Costa Rican and Japanese units to investment manager Cerberus Capital Management for US$615 million. Reynolds Group has signed an agreement to sell its Closure Systems International units to Cerberus, with the deal expected to be wrapped up either later this year or early 2020. Reynolds Group will hang on to the Closure Sytems businesses in Europe, the Middle East, Egypt and South America, it said in a filing...

More Retail

India denied 'basmati' trademark
Retail

India denied 'basmati' trademark

New Zealand's decision is similar to action previously taken by Australia.

Briscoe Group says tax changes will hit FY net profit by $7.4m
Retail

Briscoe Group says tax changes will hit FY net profit by $7.4m

New legislation affects depreciation on commercial buildings.  

Rebecca Howard 05 Jul 2024
Liquidators investigate sale of three Pizza Hut stores
Retail

Liquidators investigate sale of three Pizza Hut stores

Maloita sold three Wellington Pizza Hut stores prior to its liquidation.

John Anthony 05 Jul 2024
Laybuy receivers considering offers
Retail

Laybuy receivers considering offers

About 10,000 merchants had signed up to the buy-now pay-later service.

John Anthony 05 Jul 2024