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Nestle sells Jenny Craig to hedge fund firm
In a bid to trim its portfolio, Nestle had sold to North Castle Partners its interest in weight loss brand Jenny Craig.
Douwe Egberts coffee owner to increase holding in Kaffehuset Friele
Joh A Benckiser owned-D.E Master Blenders planned to increase its ownership interest in Norwegian coffee producer Kaffehuset Friele to 90%.
Coresystems nabs USD15.5 million in first external Series A funding round
Swiss mobile app maker Coresystems had received its first external funding since 2002. Coresystems received USD15. 5 million from investors in a recently concluded Series A funding round, TechCrunch said in a report.
Dropbox, Cybozu enters into strategic partnership to boost foreign market share
Zendesk and Tokyo-based Cybozu's new partnership agreement would have both firms embarking on a joint product integration and marketing efforts to boost each other's product in Japan and the US.