Story of the Week Butterfly Equity to acquire The Duckhorn Portfolio for $1.95bn Butterfly Equity, a private equity firm focused on the food and beverage sector, has announced a definitive agreement to acquire The Duckhorn Portfolio, a luxury wine producer, in an all-cash transaction valued at approximately $1.95 billion. This marks Butterfly’s first take-private acquisition […]
Story of the Week PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion PepsiCo said on Oct 1st that it’s buying Mexican American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five years. Like many food companies, Pepsi has been trying to shift its portfolio to […]
Story of the Week Key Fed inflation gauge at 2.2% in August, lower than expected Inflation moved closer to the Federal Reserve’s target in August, easing the way for future interest rate cuts, the Commerce Department reported on Sep 27th. The personal consumption expenditures price index, a gauge the Fed focuses on to measure the […]
Story of the Week Fed slashes interest rates by a half point, an aggressive start to its first easing campaign in four years On Sept. 18, the Federal Reserve enacted its first interest rate cut since the early days of the Covid pandemic, slicing half a percentage point off benchmark rates in an effort to […]
Story of the Week General Mills to sell North American yogurt business for $2.1B General Mills is selling its North American yogurt business to French dairy companies Lactalis and Sodiaal in cash transactions valued at an aggregate $2.1 billion. Lactalis will acquire the U.S. operation and Sodiaal the Canadian business. The deals are expected to […]