Rubicon Pharmacies Canada merges with Amenity Holdings Inc
Alibaba to acquire Ele.me
for US$ 9.5 billion
Quebec government invests US$ 5 bn in biofood industry
THE DEFINITIVE SOURCE FOR INVESTMENT PROMOTION EXECUTIVES
GCL Group and Softbank invest
US$ 930 mn to establish a JV in India
02-07 APRIL 2018
it & BPM i FOOD I HEALTHCARE i TEXTILES i INFRASTRUCTURE i ENGINEERING i tourism
New Steigenberger Resorts in Egypt and Tunisia
Alibaba to acquire Ele.me for US$ 9.5 billion
Alibaba Group Holding Limited announced that the company will acquire all outstanding shares that it does not already own in Ele.me, a leading online delivery and local services platform in China, in a transaction that implies the enterprise value of Ele.me at US$9.5 billion.
This acquisition will deepen Ele.me's integration into Alibaba's ecosystem and advance Alibaba's New Retail strategy to provide a seamless online and offline consumer experience in the local services sector.
Daniel Zhang, CEO of Alibaba Group, said, "We are excited for Ele.me to become a part of the Alibaba ecosystem. Under the leadership of its founder and management team, Ele.me has achieved leading market share in China's online food delivery and local services sector. Our shared belief that New Retail will create more value for customers and merchants has brought us together. Looking forward, Ele.me can leverage Alibaba's infrastructure in commerce and find new synergies with Alibaba's diverse businesses to add further momentum to the New Retail initiative."
Ele.me's fast local delivery service will build on its core expertise in food delivery to provide consumers with a wider range of products and services on-demand. This expansion of offerings will allow Ele.me to efficiently utilize its large delivery force that currently fulfills orders in cities across China.
Read article on globalfdi.net
HCL Technologies Acquires Life Sciences and Consumer Services Provider
HCL Technologies Limited (HCL), a leading global IT services company, announced the acquisition of C3i Solutions, a leader in multi-channel customer engagement services for the life sciences and consumer packaged goods (CPG) industries, from Merck & Co., Inc., Kenilworth, New Jersey, U.S.A..
With this acquisition, HCL will complement its broad-based IT and business services capability with the additional depth that C3i has in the life sciences and CPG verticals. C3i’s expertise in the clinical, pharmacovigilance, and pharma sales support domains and strong partnership with industry leading products in these respective areas will enable HCL’s life sciences customers to become more patient-centric and offer services to IT and business stakeholders to improve healthcare outcomes. The acquisition also builds on HCL’s 13+ year relationship with Merck & Co., Inc., Kenilworth, New Jersey, U.S.A. across enterprise and divisional IT and with services across HCL’s Mode 1-2-3 offerings.
The deal will also build on HCL’s footprint in consumer services, especially as an early leader in applying advanced analytics, IOT and creating digitised operations to create a better customer experience. The contributions of C3i Solutions will become even more important as the industry moves toward digital connections and becomes reliant on a strong, personalized experience.
Enghouse Systems acquires Mobilethink A / S
Enghouse Systems Limited announced that it has acquired Mobilethink A/S from Aarhus , Denmark.
Mobilethink A/S is a software company specializing in device management solutions, with two leading brands in the B2B mobile sector.
The main brand, commercialized Mobilethink, is a complete series of intelligence management focused on the mobile operator for device management, customer management and smartphone support. It encourages the acceptance of data, generates greater value for the customer's lifetime and reduces the costs of customer service. The other brand is Tweakker, now the trusted business partner of more than 100 mobile virtual network operators (MVNOs) around the world. Tweakker is a market leader in MVNO connectivity, online customer service, automatic subscriber boarding solutions and automation of customer involvement.
"The Mobilethink portfolio is highly complementary to the Enghouse Networks portfolio," said Sunil Diaz , CEO of Enghouse Networks. "Expand our value-added mobile services, MVNO, Internet of Things and customer experience management solutions with advanced device management, on-air configuration and business intelligence capabilities. We are very pleased to welcome clients and employees from Mobilethink and Tweakker in the organization of Enghouse Networks ".
Coveris Holdings S.A., a premier global packaging manufacturer, announced that it has entered into an agreement with Transcontinental Inc. to sell the Company’s Americas packaging business (the “Americas Sale”) for an aggregate purchase price of $1.320 billion, which shall be paid in cash and shall be subject to customary closing adjustments.
Jakob A. Mosser, Chief Executive Officer of Coveris: “We are very excited about the sale of our Americas business to TC Transcontinental. This sale will enable us to focus on our operations in Europe, where we are one of the largest players in the flexibles and rigid packaging market. This supports our recent strategic focus on delivering high performance and sustainable packaging solutions for our customers in the food, pet food, medical and pharmaceutical markets.”
Upon the closing of the Americas Sale, the Company’s remaining operations will consist of its Rigid, EMEA, and UK Food & Consumer businesses, and it will have manufacturing facilities in 14 countries, 44 strategically located facilities and over 8,000 employees. Pro forma for the sale of the Americas business, the Company’s remaining operations generated sales and adjusted EBITDA for the year ended December 31, 2017 of €1.4 billion and €132.4 million (including €21 million of expected synergies in 2018), respectively.
The Americas Sale is subject to customary closing conditions, including regulatory approvals and it is expected to close in mid 2018. Goldman Sachs & Co. LLC and Wells Fargo Securities served as financial advisors to Coveris Americas. Kirkland & Ellis, LLP acted as legal advisors to Coveris Americas.This announcement contains information that prior to its disclosure may have constituted inside information under European Union Regulation 596/2014 on market abuse.
Coveris Holdings agreement with Transcontinental to sell Americas packaging business for US$ 1.3 billion
Marcolin Group and Moendi sign a Joint Venture in Mexico
Marcolin Group, one of the leading companies in the eyewear industry, announced the signing of a joint venture agreement with Moendi, one of the largest independent distributors in Mexico.
Moendi has over 25 years of experience in the wholesale and retail distribution of luxury and diffusion sunglasses and eyeglasses in Mexico, selling more than 250,000 frames a year with 20 sales representatives covering the national territory.
The JV, named Marcolin Mexico, is 51% owned by Marcolin Group and its headquarters will be based in Naucalpan in the State of Mexico. It will distribute the eyewear collections of some of the brands which are part of the Marcolin Group portfolio.
Mario Goldwasser, Moendi's Founder, added: "Our family is extremely proud of the new JV partnership with an industry leader like Marcolin Group, making us very excited to represent its leading brand portfolio in Mexico. Thanks to the common business vision which is the pillar of our partnership, we will work together to enhance Marcolin Group's market share in our country".
MGM Growth Properties LLC to acquire Hard Rock Rocksino Northfield Park
for US$ 1 billion
MGM Growth Properties LLC, announced that it has entered into an agreement with Milstein Entertainment LLC to acquire the Hard Rock Rocksino Northfield Park for approximately $1.06 billion. The membership interest purchase agreement will be for 100% of the issued and outstanding limited liability company interests in Northfield Park Associates LLC, which owns and operates the Rocksino.
"MGP is proud to announce the acquisition of the Hard Rock Rocksino, the best performing gaming asset in Ohio. We are thrilled to join the Northeast Ohio community and look forward to continuing to work with the management team to consummate the transaction and identify a third-party tenant to operate the asset going forward," said James Stewart, Chief Executive Officer of MGM Growth Properties. "This attractive addition to our portfolio is expected to result in mid to high single digit percentage accretion to AFFO per share, demonstrating again our commitment to generating value for our shareholders."
The Rocksino is a gaming, dining and entertainment facility located in Northfield, Ohio, a suburb approximately 17 miles southeast of downtown Cleveland and 18 miles north of Akron. The property, which sits on 110 acres, consists of the 200,000-square foot gaming facility which features over 2,300 video lottery terminals, a variety of retail and food and beverage outlets, as well as entertainment venues, including a 1,900-seat music venue and a 250-seat event space. It also includes a year-round horse racetrack and a gas station and car wash.
MGP plans to fund the purchase price with a combination of cash on hand and debt. MGP expects to ultimately sell the entities holding the licenses and operating assets to a third-party operator. MGP intends to retain ownership of the real estate, anticipating $50 to $60 million of annual rent, which is expected to represent approximately 1.8x rent coverage.
Concluded Stewart, "This transaction represents another significant step in executing on our business plan to sustainably grow our AFFO per share while diversifying our high-quality asset and tenant base."
GCL System Integration Technology Co., LTD, a subsidiary of the world's leading clean energy conglomerate GCL announced that on March 29, GCL Group signed a memorandum of understanding (MoU) with Softbank Vision Fund (SBVF) through its manager Softbank Investment, a subsidiary of Softbank Group.
The main content of the memorandum is that GCL Group and Softbank Investment have agreed to establish a joint venture company in Andhra Pradesh, India, either directly or through their respective affiliates or subsidiaries, of which Softbank Investment accounts for 60% and GCL Group 40%. The equity ratio of the joint venture would be adjusted accordingly if a third-party partner were introduced later on. The composition of the board of directors of the joint venture will be consistent with that of the equity structure.
The joint venture company expects a total investment of 930 million U.S. dollars, and the two parties have not yet identified the source of funds. The joint venture plans to have a production capacity of 4GW, which will be implemented in two phases with 2GW per phase. The main business involves the production and sale of PV ingots, wafers, batteries and modules.
GCL Group and Softbank invest $930 million to establish a JV in India
Siemens will digitalize the Norwegian Railway infrastructure
Siemens is to equip the entire Norwegian railroad network of approximately 4,200 track kilometers with the European Train Control System (ETCS) Level 2 type Trainguard combined with the interlocking type Simis W and IP-based wayside network communication solution type Sinet. The order was placed by Bane NOR SF, the state-owned company responsible for the Norwegian national railway infrastructure responsible for owning, maintaining, operating and developing the Norwegian railway network. The new digital signaling system enhances safety, punctuality and capacity on the rail system and is planned to be completed in 2034. The contract also includes maintenance services for 25 years and is worth around 800 million euros in total.
"This marks the start of modernization of the railway network in Norway. Bane NOR is creating the railway of the future with one of Norway's largest digitization projects. We are confident, that Siemens, by winning the contract to provide a new digital signal system, will contribute significantly to our network's modernization," says Sverre Kjenne, Bane NOR Executive Vice President.
"This project is a major step in signaling history - a technology step only comparable to the change from relay to electronic interlockings in the 80s. Together with Bane NOR Siemens will renew the complete Norwegian rail network into a full digital IP based system - a real 'Internet of Things' system. This will save much hardware, allow for maximized capacity and provide the basis for data based minimized preventive maintenance. In the end it will allow to give passengers a far more efficient and reliable travel experience with far higher punctuality, increased capacity and throughput. All will be controlled via a central interlocking in Oslo, which gives the trains the authority to proceed via our ETCS Level 2 solution. The contract is not only the largest single delivery for Siemens in Norway, but also for the Siemens rail infrastructure business ever," says Michael Peter, CEO of the Mobility Division.
The investment in ETCS is a major step in a Norwegian railway revolution. Bane NOR will invest more than 2 billion euros in digitalization and automation of its railway network over a ten-year period. This will be done through Bane NOR's ERTMS (European Rail Traffic Management System) initiative, and will make Norway a pacesetter in using digital technology in the rail sector.
Canadian Solar Inc. one of the world's largest solar power companies, announced the acquisition of a 97.6 MWp solar photovoltaic (PV) project in Cafayate, Salta Province, Argentina.
The Cafayate Project was awarded in the second public renewable energy tender in Argentina (RenovAr 1.5), receiving a USD denominated 20-year Power Purchase Agreement at US$56.28/MWh. Canadian Solar plans to start construction on the plant in July 2018. Once connected to the grid by Q2 of 2019, the plant will generate approximately 235,777 MWh of electricity per year, which will be sold to CAMMESA (Compañía Administradora del Mercado Mayorista Eléctrico).
"This project is an important addition to our global late-stage project pipeline, and it represents a milestone of our project development in Argentina, where we see great potential for the growth of solar energy," commented Dr. Shawn Qu, Chairman and Chief Executive Office of Canadian Solar Inc."The results of the past renewable energy tenders in the country have proved the competitiveness and reliability of solar. We will develop more quality projects in Argentina to meet the growing demand for clean and reliable solar energy in the country."
Canadian Solar acquires a 97.6 MWp Solar Power Project in Argentina
The 2018-2025 Bio-Food Policy , Feeding Our World, was unveiled, with investments of $ 5 billion over 5 years. With this new biofood policy, the goal is twofold: to better meet consumer expectations while better supporting entrepreneurs and organizations working in this sector.
Seven principles have guided its development and will guide its implementation. It aims to be inclusive, focused on a permanent dialogue, reinforced by a shared responsibility with partners, plural, innovative, entrepreneurial, renewable and measurable.
It targets seven ambitious and decisive targets for the future of the biofood sector:
Invest $ 15 billion in agricultural and aquaculture production, fisheries and food processing;
Increase Quebec's international bio-food exports by $ 6 billion;
Add $ 10 billion of Quebec content in bio-food products purchased in Quebec;
Increase the share of Quebec agricultural and food processing companies that have implemented responsible business practices;
Doubling the area under organic production
Increase from 52% to 70% the share of volumes of Quebec eco-certified aquatic products;
Improve the nutritional value of processed foods in Quebec.
It is built around four main orientations:
A product offering that meets the needs of consumers
Successful, sustainable and innovative businesses;
Attractive and responsible companies
Dynamic territories contributing to the prosperity of bio-food.
"Improving the quality of life of all Quebeckers is a priority for our government. That's why we pay special attention to promoting healthy lifestyle habits, which include good nutrition. Inspired by the best practices in the world, it will also showcase the creativity, know-how and expertise of companies, organizations and institutions that are working to "feed our world". Our government sees great things for Quebec and for the bio-food sector. With this policy, we move from words to action and we give ourselves the means to our ambitions. We are proposing a major transformation, like the new Quebec that is taking shape around us. "
Quebec government invests US$ 5 billion in biofood industry
In line with Saudi Arabia's Vision 2030 and following the announcement of HRH Prince Mohammed bin Salman bin Abdulaziz, Crowne Prince, Deputy Chairman of the Council of Ministers and Minster of Defense, to localize 50% of the total military spending by 2030, Saudi Arabian Military Industries (SAMI) and Boeing signed a Memorandum of Agreement (MoA) to develop a new joint venture (JV) aiming to localize more than 55% of the MRO services for fixed and rotary-wing military aircraft in Saudi Arabia. The agreement will also transfer technology to install weaponry on these aircraft as well as localize the supply chain for spare parts in the Kingdom.
The signing ceremony came in conjunction with HRH Prince Mohammed bin Salman's visit to Seattle, which included an official visit and tour of Boeing's aircraft manufacturing facilities. The agreement was signed by H.E. Ahmed Al-Khateeb, Chairman of SAMI, and Dennis Muilenburg, Chairman, President, and CEO of Boeing, at Boeing's commercial manufacturing facility in Everett, Wash. The ceremony also included a comprehensive visit to the manufacturing facilities of Boeing, featuring a detailed explanation of the company's operations.
The joint venture agreement will provide sustainment services for fixed- and rotary-wing military aircraft of the KSA military fleet and will be the sole provider of these services for all military aviation platforms of the KSA military fleet, strengthening the Kingdom's defense capabilities and enhancing its deterrent potential.
Saudi Arabian Military Industries and Boeing forms Joint Venture
AAM further expands in China, forms JV with Liuzhou Wuling
American Axle & Manufacturing (AAM) and Liuzhou Wuling Automobile Industry Co. Ltd., a subsidiary of Guangxi Automobile Group Co., Ltd., have entered into a joint venture agreement to manufacture driveline systems.
Liuzhou AAM Automotive Driveline System Co., Ltd. will begin production later this year in a state-of-the-art manufacturing facility located in the state-level economic development zone of East Liuzhou, in the Guangxi Province.
Once production begins, Liuzhou AAM will manufacture independent rear axles and driveheads to meet the needs of the fast-growing segments of multi-purpose vehicles and crossovers including vans, mini vans and sport utility vehicles.
Liuzhou AAM will produce driveline technology for SAIC-GM-Wuling's SUV and MPV models. SAIC-GM-Wuling is a joint venture between General Motors and SAIC and is the largest manufacturer of rear-wheel-drive light vehicles in China.
SoftBank Group Corp., announced a definitive agreement under which SoftBank will invest in the Canadian lithium company, Nemaska Lithium Inc. Under the agreement, SoftBank will acquire a stake of up to 9.9% in Nemaska.
Nemaska is developing the Whabouchi mine in Québec, Canada, one of the richest spodumene hard rock lithium deposits in the world and is building a lithium electrochemical plant (refining plant) at Shawinigan, which is expected to start commercial production of high-purity lithium hydroxide and lithium carbonate in the latter half of 2020. By investing in lithium resource development, SoftBank intends to contribute to the growth of the battery industry in view of increasing demand for smartphones and other communication devices and the anticipated Mobility Revolution to be ushered in by electric vehicles.
The Whabouchi mine is expected to have an initial lithium mine life of approximately 33 years and the output from Nemaska's electrochemical plant is estimated to produce approximately 33,000 tonnes of lithium carbonate equivalent (LCE) annually. For so long as it holds a minimum ownership interest of 5% in Nemaska, SoftBank will have the option each year to purchase up to 20% of Nemaska's lithium product output over the long term. SoftBank will also have the right to nominate a director to be appointed to Nemaska's board.
“Upon the completion of this transaction, SoftBank will be a new esteemed shareholder and customer for Nemaska Lithium and we are very pleased to welcome Softbank to our shareholder base and eventually welcome its nominee to our Board,” said Guy Bourassa, President and CEO of Nemaska Lithium. “As a global technology pioneer and leader, SoftBank's culture of innovation melds very well with our own corporate values and is a clear endorsement of our approach to producing environmentally friendly, low-cost lithium compounds.”
SoftBank Group Corp. to invest in Canada's Nemaska Lithium Inc.
Hitachi and UMC Electronics collaborate for Strengthening Manufacturing
Hitachi, Ltd, and UMC Electronics Co., announced that the companies reached a basic agreement on collaboration for strengthening manufacturing in the IT product field, including server, storage, network equipment. Under this agreement, UMC Electronics will acquire stocks of Hitachi Information & Telecommunication Manufacturing, Ltd. ("HITM") , a wholly owned subsidiary of Hitachi, as well as the manufacturing assets of the related manufacturing bases owned by Hitachi. In the future, Hitachi and UMC Electronics will expand this business to collaborate on the development of a new market.
Hitachi has promoted strengthening the manufacturing structure and has provided high-quality and highly-reliable IT products for its customers. By merging its capabilities with UMC Electronics's manufacturing capabilities acquired through volume operation while continuously utilizing the manufacturing technologies, know-how and manufacturing bases that Hitachi has owned over the years, Hitachi will domestically and internationally provide a wide range of customers with high-quality and cost-competitive Hitachi-brand products as in the past, aiming for further contributions to the Social Innovation Business.
UMC Electronics is the contract manufacturer which produces electronically controlled equipment for a hybrid vehicle's power supply system utilized at the largest Japanese automobile company for the first time. As cutting-edge EMS*, it delivers a variety of products to major companies in a wide range of industries, including automotive, industrial equipment and office automation systems. As a result of this collaboration, UMC Electronics will promote manufacturing on a systems level, enabling the manufacturing, function test and shipping of large-sized systems as a completed product, in addition to electronically controlled equipment embedded in a mounting board or aluminum die casting. Under the collaboration, UMC Electronics by continuing to manufacture and provide high-quality Hitachi products and will aim to acquire new business and expand our manufacturing capacity in Japan.
IBA Group announced the opening of its new office in Bulgaria. Legally registered on November 5, 2017, IBA Bulgaria is located in Burgas, the second largest city on the Bulgarian Black Sea Coast and the fourth largest city in Bulgaria.
IBA Bulgaria is the fifth software development center of IBA Group, the first four being IBA Belarus in Minsk and Gomel, IBA CZ in the cities of Prague, Brno, and Ostrava in the Czech Republic, IBA Slovakia in Bratislava, and IBA Kz in the city of Astana in Kazakhstan. The newly established IBA Bulgaria will also serve as an expansion of the network of offices that IBA Group created across the world.
The IBA Group's development center in Bulgaria will focus on the development of mainframe applications. IBA Bulgaria will apply the extensive expertise and experience that IBA Group earned in its 25-year history in the development, maintenance, and support of system and applied software on diverse mainframe platforms.
IBA Group opens office in Bulgaria
genae buys Hilbert Paradox
genae, a global service provider for the medical industries, announced the acquisition of Hilbert Paradox (HPX), a digital health data management platform.
HPX offers a unique way of capturing and correlating digital health data by employing computing power, AI and data analytics. The company aims at increasing health data equity, which may result in better patient treatments and reduced healthcare costs.
“This transaction underlines our focus on digital health and on data-driven services to accelerate research”, said Bart Segers, CEO at genae. “The HPX technology, which will be incorporated in genae’s staicy platform, already proved its ability to process very large datasets from connected and diagnostic devices, websites and applications in the field of genomics, biosensors and wearables.”
HPX’ services will integrate with genae’s Digital Health division. There will be no disruptions of services during the integration, which will take place over the next six months.
NN, Inc. agreement to acquire Paragon Medical
NN, Inc., a diversified industrial company, announced that it has entered into a definitive agreement to acquire PMG Intermediate Holding Corporation, the parent company of Paragon Medical, Inc. for $375 million in cash. Paragon Medical is a medical device manufacturer which focuses on the orthopedic, case and tray, implant and instrument markets. NN anticipates the transaction will close in the second quarter of 2018 and is subject to customary closing conditions and regulatory approval. SunTrust Robinson Humphrey is acting as the financial advisor to NN, and Bass, Berry & Sims PLC is serving as the legal advisor to NN.
Paragon Medical creates partnerships with its customers by providing premier engineering from inception of a project to its completion. Paragon works with customers in the development of value engineered products that meet the demands of a changing global market.
Richard Holder, President and CEO of NN commented, "I look forward to welcoming the Paragon team to the NN family. The acquisition of Paragon Medical fits perfectly with our strategic plan and stated goal of expanding our life sciences portfolio. Paragon strengthens our technical abilities, expands our product and finished device offerings, and adds key talent across our organization that will help us continue to drive growth in our end markets."
Rubicon Pharmacies Canada Inc. ("Rubicon") announced that it has completed its merger with Amenity Holdings Inc. ("Amenity"), a complementary retail pharmacy platform. The name of the newly combined company will be Rubicon Pharmacies and the business will own and operate more than 100 pharmacies across Alberta, British Columbia, Manitoba, and Saskatchewan, under a number of retail pharmacy banners. Terms of the transaction were not disclosed.
"We are thrilled for the opportunity to bring together two companies with the same mission: A commitment to providing the highest quality experience for the people we serve with a focus on improving health," said Michael Wright, CEO of Rubicon, who will lead the combined entity. "This transaction, backed by TorQuest Partners, creates an opportunity for pharmacy owners interested in selling to an independent group to join Rubicon's vision of building a leading Canadian pharmacy organization".
Day-to-day pharmacy operations will not be affected by the integration of the two companies and will continue seamlessly and without interruption.
In addition to Mr. Wright being named CEO of the newly combined entity, the newly constituted executive team will draw from veterans of both companies. Dwayne Hoffman will serve as Chief Development Officer, and Robert Gare remains in his role as Chief Operating Officer. Keith McMahon, CFO of Amenity, will assume the CFO role of the combined platform.
TorQuest Partners, one of Canada's leading mid-market private equity firms, is the majority shareholder of Amenity.
Rubicon Pharmacies Canada Inc. merges with Amenity Holdings Inc
Radisson Blu, the upper upscale hotel brand that delivers a positive and personalized service in stylish spaces, is delighted to announce the opening of a new Radisson Blu Hotel, Rostov-on-Don, strengthening the company’s leading position in Russia.
The Radisson Blu Hotel, Rostov-on-Don is located in the heart of Russia’s southern capital, Rostov-on-Don. It is just 9km from the existing airport and 29km to the North-East of the new Rostov International Airport Platov. The hotel is set directly on the river embankment, and offers 81 spacious rooms including the Presidential Suite and four Executive Suites, each with their own balconies and stunning views across the river. The hotel is part of a recreational zone along the river promenade, which features many attractions and restaurants, and is just walking distance from the busy city center and its key landmarks.
“We are also delighted to open our very first FireLake Grill House & Cocktail Bar in Russia at the Radisson Blu Rostov-on-Don. Our signature restaurant brand offers guests the experience of real flame cooking, barrel-aged cocktails, and great tastes in a great space. Visitors can expect an atmosphere that is contemporary in its design, with a mix of classic local heartland flavors that are delicious and imaginative,” added Stalport.
Radisson Blu Hotel, Rostov-on-Don offers a comfortable fitness center, equipped with modern cardiovascular machines and weight lifting equipment. Guests can also enjoy a spectacular spa, with sauna and hammam.
Radisson Blu opens in Rostov-on-Don, Russia
Marriott International opening its 100th Hotel in India and 50 in Pipeline
Marriott International, marked an important milestone in India with the opening of its 100th hotel in the country – the Sheraton Grand Bengaluru Whitefield Hotel & Convention Center in the multinational information technology hub of Bengaluru. Marriott International President and CEO, Arne Sorenson, will attend the opening of the hotel and visit other hotels in the company’s portfolio during a week-long visit to India. The company is poised to further grow its leadership presence in India in the years to come, with more than 50 signed projects in its pipeline.
“India is one of Marriott International’s most important markets in Asia, with the second highest- number of hotels and rooms after China,” said Paul Foskey, Chief Development Officer, Marriott International. “Given India’s robust economy and rising middle class, we see incredible opportunity to continue working with owners to open hotels from across Marriott’s extensive array of brands, particularly in the upper midscale, upscale and luxury segments.”
The opening of the Sheraton Grand Bengaluru Whitefield Hotel & Convention Center underscores the company’s commitment to catering to India’s growing and affluent market. The 360-room property features 39 suites, stylish interiors and panoramic views of the garden city. Marriott International’s 100th property in India also offers the Sheraton brand’s signature amenities and facilities like Shine Spa for Sheraton™, Sheraton Club Lounge, Sheraton Fitness and Sheraton Signature Sleep Experience.
Radisson Hotel Group announces signings for Radisson Blu And Radisson
in the U.S.
Radisson Hotel Group announced at its Americas Business Conference in Orlando, Fla., signings for two new-build hotels to its portfolio in the Americas, located in Anaheim, Calif. (Radisson Blu) and New York City (Radisson). As part of its strategic 5-year operating plan for the Americas, the company sees significant room for growth across all brands and has identified 21 key target markets where it plans to be aggressive with expanding its footprint, particularly in the U.S. with its Radisson Blu brand.
“Less than a month ago we shared our new go-to-market name with the launch of Radisson Hotel Group, which is backed by our 5-year plan and supported by significant investments in rebranding or repositioning our hotels in the Americas,” said Ken Greene, President, Americas, Radisson Hotel Group. “The addition of these hotels illustrates that we’re already executing on our plan for expansion in our key gateway markets, along with further establishing our Radisson Blu brand in the U.S.”
Radisson Hotel Group’s plan includes clear brand segmentation and investing in brands and hotels that meet the needs of the changing travel sector. The company announced the following signings:
Radisson Blu Anaheim will be located at 1601 S. Anaheim Blvd, only a half-mile from Disneyland Park and Disney California Adventure Park, two of the happiest places on earth. A new-build hotel by developer, Walter Bowen of BPM Real Estate Group of Portland, Oregon, is expected to be open by Summer 2020 with 326 guestrooms and will be the tallest hotel in Anaheim at 12 stories. A plethora of amenities including a ground-level family activity space, rooftop pool and bar, fitness center, 6,700 square foot restaurant and 353 parking spaces, will make it the perfect family-friendly upper upscale hotel. The hotel is situated in a prime location to capture visitors to Disneyland, the Anaheim Convention Center and the numerous nearby sporting venues including Angel Stadium and the Honda Center. The hotel will also benefit from growth in the Platinum Triangle district of Anaheim, which is currently undergoing a transformation.
Park Inn by Radisson installs first large scale commercial pvt project in Cape Town CBD
Park Inn by Radisson, the vibrant and dynamic upper midscale hotel brand is proud to announce its hotel in Cape Town Foreshore, South Africa, has together with Solarus, producers of hybrid solar PowerCollectors™, installed Cape Town Central Business District’s first large scale commercial hybrid Photovoltaic and Thermal (PVT) project.
Park Inn by Radisson Cape Town Foreshore has installed 30 innovative PowerCollectors, a unique technology which combines generation of thermal (T) energy with the photovoltaic (PV) generation of electricity and produces one of the highest energy yields ever measured. When compared to traditional Solar panels, the PowerCollector produces both electricity and hot water output up to 70°C and delivers 3 times more energy on the same surface area.
The installation, located on the hotel’s rooftop will be completed mid-March and is scheduled to be fully operational by the end of the month, producing an average of 1050kWh of energy per week for the hotel.
Steigenberger Hotels and Resorts has signalled its intention to expand the company portfolio by signing an agreement for a hotel in Luxor, Egypt. The Steigenberger Resort Achti is to be located on the East Bank of the Nile, and the plan is that it will open for business in the third quarter of 2018. As well as 281 rooms, suites and bungalows, the hotel will also boast six restaurants and bars serving up a range of culinary offerings.
Further highlights will include an outdoor pool with views of the Nile, a separate pool in the bungalow area complete with jacuzzi, a Business centre, a meetings room and a permanent multi-purpose tent for the staging of conferences and banquets.
Luxor is taking on a highly significant role in the Egyptian tourism sector thanks to its international airport, its status as port of call for many Nile cruises and a multitude of ancient excavation sites, temples and burial grounds.
Steigenberger guests have also been enjoying the delights of a fabulous beach location in the Gulf of Hammamet in Tunisia since the Steigenberger Marhaba Thalasso opened on 1 April. The resort offers 371 rooms and suites as well as six restaurants and bars. Facilities further include six indoor and outdoor pools, a Thalassotherapy Centre with a wide choice of beauty and massage treatments, a hairdressing salon, a haman and a sauna. There are also six conference rooms.
Set on the fertile peninsula of Cap Bon, the Gulf of Hammamet is a beach resort surrounded by green hills and lemon groves. Such a picturesque backdrop has earned the area a reputation of being the “St. Tropez of Tunisia”, and tourists from all over the world flock its beautiful sandy beaches. The hotel’s owner and Deutsche Hospitality’s contractual partner is ITT Hotel Corporation of Tunisia. CEO Hichem Driss: “After undergoing an intense renovation of the hotel we have achieved highest international standards that fits the Steigenberger Hotels and Resorts brand. I am proud to announce the opening of Steigenberger Marhaba Thalasso in Hammamet with a firm belief that tourism in Tunisia, and particularly in Hammamet, is returning stronger than ever before.”
After previously entering the Tunisian market by launching two hotels (Steigenberger and Jaz) in Sousse further to the South, Deutsche Hospitality now has a threefold representation in the country. The group’s portfolio in Egypt currently includes 14 hotels.
Haggar Clothing Co., America's No. 1-selling dress pant brand,1 has completed its purchase of certain assets of Brisbane, California-based Kizan International, Inc., doing business as Louis Raphael, a leading men's apparel company. Haggar will acquire, among other assets, all of Kizan's intellectual property, inventory and work in process.
"Louis Raphael has been an industry leader and innovator in the men's pant category for over four decades, and we are honored to add the brand and its private label portfolio to our Haggar platform," said Haggar CEO Michael Stitt. "The acquisition is both synergistic and strategic, and aligns with our core competencies and strategic priorities of exceptional quality, innovation and value."
Haggar will continue to operate the Louis Raphael business out of its current offices and distribution center in Californiaduring a transition period through June 30, 2018, before bringing operations to Haggar's Dallas headquarters and Fort Worth distribution center.
Haggar has seen continual market share gains in the men's pant category over the last several years. Haggar has the No.1-selling casual pant style in America2 (Premium No Iron Khaki) and No.1-selling dress pant style in America3 (E-CLO Stria).
Specific terms of the deal were not disclosed.
Haggar Clothing Co. acquires Louis Raphael Menswear Brand
13 F, Gopala Towers, 25 Rajendra Place
New Delhi - 110008, India,
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02 -07 APRIL 2018