Some interesting business news from the last week:
T-Mobile (owned by Deutsche Telecom) and Orange (owned by France Telecom) are planning to merge their UK businesses which would become the UK's largest mobile phone provider, with about 37% of the market. It would push O2, owned by Telefonica, into second plance and create a firm with sales of £8.2 billion.
In the UK, Orange employes 12,500 people and T-Mobile 6,500 and there is the possibility that staff may be made redundant. It is also likely that competition authorities in the UK and EU would want to look at the deal before agreeing it can go ahead.
Cadbury rejected a £10.2 billion takeover bid from Kraft, saying it greatly undervalued the firm.
The new owners of Tennent's, C&G Group who own Magners cider, refused to take on Tennent's Super because they felt it didn't fit with their more sophisticated portfolio. One national newspaper said that they didn't think it's "Rab C Nesbitt" image would suit the company's bill and the main goal was to secure Tennent's Lager, which has 55% of the Scottish market and would complement the Magners range.
And finally....the fast-food giant McDonald's has lost an EIGHT YEAR legal battle to stop a Malaysian restaurant calling itself McCurry. They claimed that the "Mc" infringed on their trademark but a court in Malaysia said there was no evidence the restaurant was pretending to be any part of McDonald's.
No comments:
Post a Comment