Marmite Owner Unilever Sees No Merit In Kraft Takeover

Unilever, whose brands include Marmite and PG Tips, has strongly rejected a takeover bid from US giant Kraft Heinz. The UK-based household goods maker said it saw “no merit, either financial or strategic” in Kraft’s offer, worth about $143bn (£115bn). But Kraft, which makes Heinz ketchup, indicated it would continue working on a deal, sending … Read more

Manufacturers Pulling Out of Kenya

Early this month, leading tyre maker Sameer Africa joined Cadbury and Eveready in closing its factory in Kenya. The firm said in a statement that the move was a result of high energy costs, cheap imports from India and China and a reduction in Customs duties under the five-nation East African Community’s Common External Tariff. … Read more