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27 August - 01 September 2018
Micron Technology to invest US$ 3 bn by 2030
Cargill to invest US$ 150 million in Brazil facility
First Holiday Inn Hotel opens in Ciudad Juarez, Mexico
Enbridge to buy Spectra Energy Partners
for US$ 3.3 bn
Stryker to acquire K2M
for US$ 1.4 bn
Toyota to invest US$ 500 million
Brooks Automation to sell semiconductor cryogenics business to Atlas Copco
for $675 million
Accenture completes acquisition of Pillar Technology
Total sells equity in India’s Hazira Terminal
Speedcast to Acquire Globecomm
Ballard Signs strategic collaboration with Weichai Power
Murata invests in MEMS sensor manufacturing in Finland
Cognizant to acquire SaaSfocus
Dairy.com Acquires Data Specialists, Inc.
Micron Technology to invest $3 billion by 2030
Toyota to invest $500 million in Uber
VMware intent to acquire CloudHealth Technologies
Enbridge to buy Spectra Energy Partners for $3.3 billion
MAG Aerospace Acquires Ausley Associates
Axene Health Partners and Sandata Technologies Form Strategic Partnership
Nestlé and Starbucks close licensing deal
Xenia Hotels & Resorts acquires The Ritz-Carlton Denver
W Hotels debuts in Malaysia with the opening of W Kuala Lumpur
Carlsberg Group will invest $116 mn in its Kronenbourg brewery in France
Cargill to invest $150 million in Brazil facility
Stryker agreement to acquire K2M for $1.4 billion
Fujita Kanko Opens Hotel Gracery Seoul in Korea
Indiana Packers Corporation to acquire Specialty Foods Group, LLC
10x Genomics acquires Epinomics
Cargill invests in Izegem edible vegetable oil refinery
Read article on globalfdi.net
Enbridge Inc. on behalf of itself and certain of its wholly owned US subsidiaries and Spectra Energy Partners, LP announced that they have entered into a definitive agreement ("Agreement") under which Enbridge will acquire all of the outstanding public common units of SEP on the basis of 1.111 common shares of Enbridge for each common unit of SEP. The transaction is valued at US $3.3 billion.
Benefits and Considerations for SEP Unit holders Significant weakening of the US Master Limited Partnership (MLP) capital markets has adversely affected the growth opportunities for MLPs, including SEP. MLPs are dependent on consistent access to the capital markets at a reasonable cost of capital to grow their distributions. If SEP were to continue as a stand-alone entity in such an environment, it would be required to transition to a self-funding model using internally generated cash flow. SEP's priority would be to strengthen its balance sheet thereby limiting future distribution growth.
This transaction offers SEP public unitholders a superior investment proposition in Enbridge common shares, including:
Direct ownership in the largest energy infrastructure company in North America comprised of premium liquids transportation, natural gas transmission and natural gas distribution utility franchises that generate diverse, safe and reliable cash flows
A secured growth profile which underpins expected 10% annual dividend growth through 2020 with substantially enhanced dividend coverage
A more effective cost of capital to finance growth
A stronger balance sheet and superior credit profile
Reduction in risks related to continued uncertainty and potential unfavorable changes applied to MLPs related to the revised Federal Energy Regulatory Commission (FERC) tax policies
Increased opportunity for further meaningful capital appreciation as Enbridge advances its strategic priorities
Enhanced trading liquidity
Enbridge to buy Spectra Energy Partners
for US$ 3.3 billion
Total has signed a binding Letter of Intent (LOI) with Shell for the sale of its 26% minority equity stake in Hazira LNG regasification terminal in India. The transaction remains subject to the approval of regulatory authorities.
In parallel, Total has signed an agreement to sell 0.5 million tons of liquefied natural gas (LNG) per year to Shell over 5 years, on a delivery basis to supply the markets of India and neighboring countries. The deliveries will be sourced from Total’s global LNG portfolio and are expected to begin in 2019.
“This deal enables Total to capture value through an asset disposal, while the LNG sales contract allows us to maintain the balance of our LNG portfolio,” said Philippe Sauquet, President Gas, Renewables and Power. “We remain committed to supply the Indian subcontinent, which is a key market experiencing strong growth in LNG demand.”
MAG Aerospace (MAG) has acquired Ausley Associates (Ausley) and related entities. This acquisition adds over 200 system engineering, program management, and logistics professionals to MAG's team of UAS and aviation experts, expanding their service offerings to the U.S. Navy Naval Air Systems Command (NAVAIR) in Patuxent River, MD (PAX River).
Ausley provides to its customers advanced procurement and program development, as well as unmanned aviation systems lifecycle and configuration management to the NAVAIR community. With technical expertise in engineering and systems analysis, Ausley's experience across multiple Navy and joint platforms such as 5th-generation fighter programs (F-35), unmanned groups 1–5 and advanced programs have resulted in smart, cost-effective answers for their customers.
"Ausley is a towering name in the NAVAIR industry which has earned itself respect through 20+ years of rigorous work and proven methodology," said Joe Fluet, MAG CEO. "Ausley's addition gives MAG the capability to further its services to the Navy and associated aviation customers. We are proud to have Ausley join MAG's team, bringing together two groups of dedicated and experienced professionals making the world smaller and safer."
MAG Aerospace acquires Ausley Associates
Speedcast International Limited, the world’s most trusted provider of remote communication and IT solutions, announced it has entered into a definitive agreement to acquire Globecomm Systems Inc. from affiliates of HPS Investment Partners, LLC Tennenbaum Capital Partners, LLC and certain other members of Globecomm for an estimated net purchase consideration of US$135 million, including expected purchase price adjustments.
Globecomm is a leading provider of remote communications and multi-network infrastructure to Government, Maritime, and Enterprise sectors in over 100 countries. The acquisition strengthens Speedcast’s global competitive position in these sectors by enhancing its current solutions, and complements the recent acquisition of UltiSat – doubling Speedcast’s revenue in the Government sector, and adding more scale, visibility and capabilities in this growth market. In addition, Globecomm will benefit from Speedcast’s scale and capabilities in the Maritime and Enterprise markets.
“This acquisition of Globecomm is fully in line with our strategy to consolidate our industry and thus build competitive advantages based on scale and capabilities. Globecomm is particularly complementary to UltiSat as it strengthens Speedcast’s position serving Government customers at a time when government spending globally is expected to rise. Globecomm has built a strong reputation providing remote communications and professional services to key customers in the Government sector, as well as in the Maritime and Enterprise segments,” said Speedcast CEO Pierre-Jean Beylier.
“I am excited to have the Globecomm team joining Speedcast. They will strengthen our innovation capabilities with new solutions and strong engineering experience, as well as enhancing our system integration propositions. We expect to drive significant cost and revenue synergy potential from this acquisition, given the strong financial and operational benefits of scale across core verticals.”
Speedcast to acquire Globecomm
Cognizant announced it has agreed to acquire SaaSfocus, a privately-held consulting firm specializing in digital transformation, leveraging the Salesforce Platform. The transaction is expected to close in the fourth quarter of 2018, subject to certain closing conditions. Financial details were not disclosed.
SaaSfocus is one of the largest independent Salesforce Platinum consulting partners in the Asia-Pacific (APAC) region with operations across Australia and India. The acquisition will expand Cognizant's end-to-end digital transformation services and Salesforce cloud capabilities in these growing markets.
Cognizant is a Salesforce Global Strategic partner and has one of the largest rosters of Salesforce-certified consultants in the world. Over 350 SaaSfocus consultants, with deep domain expertise in the financial services, insurance, manufacturing and automotive industries, will become part of Cognizant's Salesforce practice. Cognizant offers a wide range of Salesforce solutions with a proven track record of planning and delivering complex, multinational projects involving multiple systems, data integration and associated change management processes.
"This acquisition of a respected and successful Salesforce specialist underlines our commitment to helping clients in Australia and India digitally transform their businesses and reshape the way they interact with their customers," said Jayajyoti Sengupta, Head of APAC at Cognizant.
"Customer relationship and service management systems are at the core of our clients' digital strategies. We look forward to welcoming the SaaSfocus team to Cognizant and combining our strengths to create new transformative digital solutions for our clients."
VMware, Inc., announced that it has signed a definitive agreement to acquire CloudHealth Technologies. With over 3,000 global customers, CloudHealth Technologies delivers a cloud operations platform across AWS, Microsoft Azure and Google Cloud. The platform enables customers to help analyze and manage cloud cost, usage, security, and performance centrally for native public clouds.
“Multi-cloud usage while beneficial to business creates a unique set of operational problems.” said Raghu Raghuram, chief operating officer, products and cloud services, VMware. “With the addition of CloudHealth Technologies we are delivering a consistent and actionable view into cost and resource management, security and performance for applications across multiple clouds.”
“As organizations scale their cloud environments and expand the use cases, they struggle with how to leverage a multi-cloud model to drive business transformation,” said Tom Axbey, president and chief executive officer, CloudHealth Technologies. “We are thrilled to combine with VMware to address this challenge by delivering a suite of multi-cloud management services that accelerate digital transformation.”
With this announcement, VMware Cloud Services will have the ability to add delivery of consistent operations across clouds to its portfolio. Once the CloudHealth Technologies deal is closed, VMware cloud automation services, VMware Secure State and Wavefront by VMware will deliver automation and compliance, security and governance, insights and analytics to complement CloudHealth Technologies’ capabilities.
Dairy.com, the world's leading provider of software as service solutions powering dairy supply chains, is acquiring Data Specialists, Inc. (DSI), a technology company with deep roots and multiple platforms deployed across the dairy industry.
The combined companies will feature over 100 employees in four main locations devoted to delighting customers with cutting edge software, powerful intelligence and robust service offerings.
Founded by Sherrie and Richard Mertes in 1980, DSI provisions producer payroll, procurement, manufacturing ERP, financial and warehouse/distribution management software. More than 180 dairy and food plants nationwide use DSI tools.
"DSI and the Mertes family are dairy technology pioneers, developing and delivering solutions that have fueled customer success for nearly 40 years," said Dairy.com CEO Scott Sexton. "Adding DSI to our portfolio materially broadens Dairy.com offerings.
Connecting platforms takes us to places we have not been. In particular, the DSI manufacturing suite is a powerful solution that handles complex in-plant processes, further extending Dairy.com traceability capabilities across the supply chain."
Dairy.com acquires Data Specialists, Inc.
Accenture has completed the acquisition of smart embedded software company Pillar Technology, significantly expanding its Industry X.0 practice in North America.
Headquartered in Columbus, Ohio, Pillar Technology has a team of 320 people and offices in Des Moines, Iowa; Ann Arbor, Michigan; and Palo Alto, California. Pillar Technology brings more than 20 years of experience in the rapid, agile development of high-quality and user-friendly embedded software used in smart, connected products such as autonomous vehicles.
Accenture first announced the acquisition two weeks ago, together with the acquisition of San Francisco-based hardware engineering firm Mindtribe. The two complementary deals boost Accenture Industry X.0’s ability to help companies redefine smart connected software and physical products.
Toyota to invest US$ 500 million in Uber
Toyota Motor Corporation (TMC) and Uber Technologies, Inc. announced that they have agreed to expand their collaboration with the aim of advancing and bringing to market autonomous ride-sharing as a mobility service at scale. To accomplish this, technology from each company will be integrated into purpose-built Toyota vehicles to be deployed on Uber's ride-sharing network.
Separately, Toyota is investing $500 million in Uber.
"Combining efforts with Uber, one of the predominant global ride-sharing and automated driving R&D companies, could further advance future mobility," said Shigeki Tomoyama, executive vice president, TMC, and president, Toyota Connected Company. "This agreement and investment marks an important milestone in our transformation to a mobility company as we help provide a path for safe and secure expansion of mobility services like ride-sharing that includes Toyota vehicles and technologies."
As Uber and Toyota look ahead to a self-driving future, this partnership will be critical in realizing self-driving technology at scale. Uber and Toyota anticipate that the mass-produced autonomous vehicles will be owned and operated by mutually agreed upon third party autonomous fleet operators.
Micron Technology, Inc., announced plans to invest $3 billion by 2030 to increase memory production at its plant in Manassas, Virginia, creating 1,100 new jobs roughly over the next decade. These investments are contemplated in Micron's long-term model to invest capital expenditure in the low thirties as a percent of revenue.
The expansion will position the Manassas site — located about 40 miles west of Washington, D.C. — to support Micron's leadership in the rapidly growing market for high quality, high reliability memory products.
"Micron's Manassas site manufactures our long-lifecycle products that are built using our mature process technologies, and primarily sold into the automotive, networking and industrial markets," said Micron President and CEO Sanjay Mehrotra. "These products support a diverse set of applications such as industrial automation, drones, the IoT (Internet of Things) and in-vehicle experience applications for automotive. This business delivers strong profitability and stable, growing free cash flow. Micron is grateful for the extensive engagement of state and local officials since early this year to help bring our Manassas expansion to fruition. We are excited to increase our commitment to the community through the creation of new highly skilled jobs, expanded facilities and education initiatives."
Micron Technology plans to invest US$ 3 billion by 2030
Brooks Automation to sell its semiconductor cryogenics business to Atlas Copco for US$ 675 million
Brooks Automation, Inc. announced that it has entered into a definitive agreement to sell its semiconductor cryogenics business to Edwards Vacuum LLC (a member of the Atlas Copco Group) for $675 million in cash. The semiconductor cryogenics business, consisting of the CTI and Polycold product lines and related services, provides a wide range of high performance cryogenic products for the semiconductor, display, and general vacuum industries. The semiconductor cryogenics business generated approximately $195 million in revenue in the last twelve months.
Brooks originally acquired the business in its 2005 merger with Helix Technology and integrated the business into Brooks' Chelmsford, Massachusetts headquarters operations. The sale agreement provides for the transfer of the CTI pump business, the Polycold chiller business, the related services business and the company's 50% share in Ulvac Cryogenics, Inc., a joint venture based in Japan. Brooks is not transferring products or IP developed as part of its Life Sciences segment or vacuum automation portfolio in its Semiconductor Solutions segment.
In connection with the transaction, Evercore acted as the exclusive financial advisor and Mintz, Levin, Cohn, Ferris, Glovsky and Popeo acted as legal counsel to Brooks Automation. Greenberg Traurig acted as legal advisor to Atlas Copco.
Ballard Power Systems announced at a public event in Jinan, Shandong Province, China that it has entered into a strategic collaboration with Weichai Power Co., Ltd. (“Weichai”; which includes (i) a substantial equity investment by Weichai in Ballard of approximately $163 million, representing a 19.9% interest in the company and reflecting a price based on a 15% premium to the 30-day VWAP, (ii) establishment of a joint venture (“JV”) to support China’s burgeoning Fuel Cell Electric Vehicle (“FCEV”) market, (iii) a $90 million technology transfer program to the JV related to Ballard’s next-generation LCS fuel cell stack and power modules for bus, commercial truck and forklift applications in China, and (iv) a commitment by Weichai to build and supply at least 2,000 fuel cell modules for commercial vehicles in China, as announced by Weichai today.
In addition, Zhongshan Broad-Ocean Motor Co., Ltd. (“Broad-Ocean”; www.broad-ocean.com/en/index.html) – a current Ballard strategic investor and Chinese partner – has agreed to invest a further approximately $20 million at the same 15% premium to maintain its 9.9% ownership position in Ballard. As a result, the Weichai and Broad-Ocean equity investments in Ballard will total approximately $183 million.
All the foregoing transactions are expected to close in Q4 2018, subject to completion of definitive agreements, regulatory approvals and other customary closing conditions.
Established in 2002 and with listings on the Hong Kong and Shenzhen stock exchanges, Weichai Power Co., Ltd. is a leading automotive and equipment manufacturer specializing in the production of powertrains, automobiles, intelligent logistics, automotive parts and components. In 2017 Weichai manufactured more than 617,000 engines, 149,000 heavy duty trucks and 200,000 forklift trucks, and generated total revenue of 151.57 billion RMB (approximately $22.7B), with an employee base of 74,474 people.
Ballard entered into collaboration with Weichai Power
Murata expands its MEMS sensor manufacturing by building a new factory in Vantaa, Finland to increase the sensor production capacity. Total value of the investment is five billion yen. With the expansion, the company estimates to create 150–200 new jobs in 2018–2019. The MEMS sensors manufactured by Murata in Finland are used in applications such as car safety systems and pacemakers.
Murata, a world leading manufacturer of electronic components, is significantly increasing global production capacity, including most recently its factory located in Finland. After having recently purchased the previously leased buildings, the company will construct a new building of approximately 16,000 square meters. The new facility is scheduled to be completed by the end of 2019.
"The market for advanced driver-assistance systems, self-directed cars, healthcare, and other emerging technologies are expected to be significant growth drivers. MEMS sensors are critical solutions for these applications and deliver proven measurement accuracy and stability in a variety of conditions," said Yuichiro Hayata, Managing Director for Murata Electronics Oy.
“With the construction of this new production building, we will significantly increase our MEMS sensors production capacity. Moreover, by responding to the strong demand of gyro sensors, accelerometers, and combo sensors in the automotive, industry and healthcare fields, this will strengthen our business base in the automotive market, industrial equipment and medical devices market, while contributing to the economy and employment of Finland,” stated Makoto Kawashima, Director of Sensor Product Division in Murata Manufacturing.
Stryker announced a definitive merger agreement to acquire all of the issued and outstanding shares of common stock of K2M Group Holdings, Inc. for approximately $1.4 billion. K2M, which was founded in 2004, has emerged as a key player in the roughly $10 billion spinal market.
With annual sales approaching $300 million, K2M brings to Stryker's Spine division a highly complementary and innovative portfolio, which includes a strong position in the complex spine market. Additionally, K2M's broad portfolio will strengthen Stryker's Spine offering in the core spinal segment, including an attractive minimally invasive spine portfolio, further Stryker's capabilities in additive manufacturing, and expand the Company's global footprint. K2M's compelling product portfolio and sales force focus have driven a double-digit compounded annual growth rate over the past five years.
With the addition of K2M's proven product portfolio, consistent track record of execution and robust pipeline, Stryker Spine's business will be well-positioned to sustain innovation and provide its customers and employees with proven products.
"This acquisition underscores our commitment to the spinal market, which is the largest segment of Orthopaedics with significant unmet needs,"
Sandata Technologies, LLC, the leading provider of technology for State Medicaid agencies, MCOs, and Homecare Agencies, announces its strategic partnership with Axene Health Partners, LLC, which provides actuarial, analytical and care management consulting services. The newly formed partnership will deliver solutions that are designed specifically for managed care organizations (“MCOs”) to help them optimize the delivery of care in the post-acute market.
Both Sandata and Axene have many years of experience working directly with risk-bearing entities that are responsible for the health-outcomes of medically fragile individuals. Both companies have built and delivered enterprise EVV solutions to MCOs, and have delivered business optimization solutions to this growing market. With this partnership, Sandata will integrate the newest Axene solutions into its portfolio and offer them to its expanding list of clients.
Tom Underwood, Chief Executive Officer of Sandata, said, “Based on the value proposition our combined solutions will bring to the MCO market, we are excited to formalize our relationship with Axene. This partnership has been in the making for some time and we look forward to launching our first solution with this announcement.”
10x Genomics, a leader in the genomics field, announced its first acquisition with Epinomics, a pioneer in the growing epigenetics space. The acquisition will give 10x Genomics ATAC-seq technology and fundamental IP to accelerate discoveries and further research in epigenomics, paving the way for a new understanding of disease, diagnostics and therapeutics.
10x Genomics will immediately integrate Epinomics’ proprietary epigenetic technology into its Chromium Single Cell ATAC Solution, which is expected to launch by the end of this year, offering researchers and pharmaceutical companies tools to better understand biological mechanisms. 10x Genomics builds tools and applications that leverage advances in sequencing along with innovations in hardware, chemistry and software.
The genomics market is seeing exponential growth and is estimated to be at approximately $24 billion by 2022. Today, 10x Genomics is the leader in single-cell and other emerging areas of genomic analysis enabling greater resolution to accelerate the understanding of new biology and disease. Its customers have already analyzed over 130 million single cells, broadly equivalent to sequencing 18,000 human genomes.
As the food and infant nutrition market evolves rapidly and new European legislation drives significant change, Cargill is anticipating customer needs with an investment of $17.5 million in an upgrade of its refining facility. The investment allows Cargill’s global edible vegetable oils business to increase production capacity and provide a safe and reliable supply of high-quality food and infant nutrition oil for its customers.
Upgrade to edible oil refinery
The new world-class refining installation includes replacing existing equipment with new machinery, such as a deodorizer and processing technology that will facilitate the production process and assure the supply of safe and high-quality food and infant nutrition edible oil products for customers.
EU infant nutrition regulation
European food safety legislation often leads the way in intensifying efforts to improve food safety, especially in the area of infant nutrition regulations. Recently, strict standards were set in place for chemical compounds such as 3- and 2-monochloropropanediol (MCPD) and glycidyl esters in infant food. The upgraded installation in Izegem facilitates the technical processes and allows Cargill to meet the required European safety and quality standards and address rising consumer food safety concerns.
“The company is well-positioned to meet future, increasingly stringent, European regulations on food safety,” said Sabine Sagaert, managing director for Cargill’s oils and seeds business in EMEA. “With many new ingredients entering the food and infant nutrition segment, food safety is an important starting point for every product . Cargill’s ability to safeguard the quality and integrity of food and infant nutrition ingredients is key to our customers’ success.”
Cargill invests in Izegem edible Vegetable oil refinery
Cargill has the intention to invest $150 million to construct an HM pectin production facility in South America. HM pectin is a versatile, citrus fruit-based texturizer used for jams, beverages/juices, acid dairy drinks and confectionery.
Bruce McGoogan, strategy and innovation leader for Cargill starches, sweeteners and texturizers business said, “The pectin market has seen a strong growth for several years, primarily driven by the acid dairy drink market, as well as the growing global consumer demand for label-friendly ingredients. HM pectin plays a significant role in delivering on both trends—as it is a plant-based texturizer designed for acid dairy drinks as well as for jams, beverages and confectionery products. The intention to invest in a plant in Brazil, which has an abundant citrus fruit supply, allows Cargill to deliver the pectin our customers need and consumers demand.”
The intended project is part of a comprehensive plan to strengthen Cargill's full pectin footprint, including improvements to its existing three plants in Europe (Germany, France and Italy) and adding a new plant in Brazil to take advantage of local resources.
French President Macron visits the historical New Carlsberg Glyptotek in Copenhagen, while Carlsberg Group CEO Cees ‘t Hart announces 100m EUR investments in its Kronenbourg brewery in France.
Following a business round table with the French President and Minister for Economic Affairs, the CEO of Carlsberg Group, Cees ‘t Hart, and the Chairman of the Carlsberg Foundation, Flemming Besenbacher, greeted the French Presidential Couple and the Danish Crown Prince Couple in the historic New Carlsberg Glyptotek in Copenhagen.
During the visit, Cees ‘t Hart announced Carlsberg’s plans to invest up to 100m EUR in the Kronenbourg brewery in Obernai; Carlsberg’s largest brewery in Europe. The investments will allow further modernisation and capacity increases as well as capability improvements and advances within Environment, Health & Safety.
Carlsberg Group acquired Kronenbourg in 2008, and Kronenburg is now the leading French brewer. It offers iconic French beers such as Kronenbourg, 1664, 1664 Blanc and Tourtel Twist (Alcohol Free) in addition to Carlsberg’s successful international portfolio, including Carlsberg and the Belgian abbey beer Grimbergen.
The investment plans follow several years of positive developments in France as well as the recent international success of the Kronenbourg 1664 beers. Especially the Kronenbourg wheat variant, 1664 Blanc, has experienced significant success in recent years, growing an additional 55% in the first half of 2018 and surpassing 100 million litres.
Indiana Packers Corporation (IPC), makers of INDIANA KITCHEN® premium pork products, announced it has entered into a definitive agreement and plan to acquire Specialty Foods Group, LLC (SFG) headquartered in Owensboro, Kentucky. SFG is most recognized as the manufacturer and distributor of KENTUCKY LEGEND premium boneless hams, the leading boneless ham brand in grocery retail across the United States. The acquisition agreement is subject to regulatory approval, approval of the equity holders of SFG, and certain other closing conditions. The sale is expected to close in the third quarter of 2018.
The acquisition will strengthen IPC’s foundation for growth and positions it to leverage valuable synergies relating to raw material utilization, manufacturing and sales and marketing capabilities. IPC is headquartered in Delphi, Indiana, and also operates pork processing facilities in Holland, Michigan, and Frankfort, Indiana. IPC is committed to being a good corporate citizen where it operates, and intends to continue SFG’s legacy of giving back to the community of Owensboro, Kentucky.
Nestlé and Starbucks Corporation announced the closing of the deal granting Nestlé the perpetual rights to market Starbucks Consumer Packaged Goods and Foodservice products globally, outside of the company’s coffee shops.
Through the alliance, the two companies will work closely together on the existing Starbucks range of roast and ground coffee, whole beans as well as instant and portioned coffee. The alliance will also capitalize on the experience and capabilities of both companies to work on innovation with the goal of enhancing its product offerings for coffee lovers globally.
The agreement significantly strengthens Nestlé’s coffee portfolio in the North American premium roast and ground and portioned coffee business. It also unlocks global expansion in grocery and foodservice for the Starbucks brand, utilizing the global reach of Nestlé.
"This global coffee alliance with Nestlé is a significant strategic milestone for the growth of Starbucks," said Kevin Johnson, president and ceo of Starbucks. "Bringing together the world’s leading coffee retailer, the world’s largest food and beverage company, and the world’s largest and fast-growing installed base of at-home and single-serve coffee machines helps us amplify the Starbucks brand around the world while delivering long-term value creation for our shareholders."
Nestlé and Starbucks close global licensing deal
Fujita Kanko Inc., a leading Japanese hospitality company headquartered in Tokyo, will open Hotel Gracery Seoul in the capital city of South Korea on August 31st. This is the first Hotel Gracery property that the company is opening outside Japan.
The 335-room brand new hotel is located in the popular Myeongdong area in the heart of Seoul, the city’s hottest shopping district and main tourism hub, with numerous restaurants and entertainment spots. The nearest subway station, City Hall, is only three minutes away on foot.
Fujita Kanko has created the hotel emphasizing comfort, functionality and security to cater to both leisure and business travelers. Its concierge desk, staffed with a well-trained, multi-lingual team, will assist with tourist and local information. The spacious guest rooms, designed with a mixture of Korean and Japanese motifs, are equipped with original beds and separate toilets and bathrooms. Its restaurant will serve buffet breakfast with a wide range of tastes including Korean, Japanese and western dishes. The room rate starts at 154,000 Korean won, US$138 in today’s exchange rate. Online reservation and more information are available at: http://seoul.gracery.com/
Fujita Kanko opens Hotel Gracery Seoul in Korea
W Hotels Worldwide, part of Marriott International, Inc., announced the opening of W Kuala Lumpur, marking the iconic brand’s first-ever hotel in Malaysia. Owned by Tropicana Corporation Berhad, W Kuala Lumpur opens its doors in the heart of the capital, steps from the world-famous Petronas Twin Towers. Through bold, innovative design, W Kuala Lumpur immerses guests in the city’s wildly lush greenery, globally renowned cuisine, centuries-old history and growing appetite for playful luxury.
Kuala Lumpur is known for its fast-paced spirit which emerged from modest beginnings. Nestled between the Klang and Gombak Rivers, Kuala Lumpur boasts a sunny tropical climate, flourishing jungle, soaring buildings and traditional Malaysian architecture – a meeting of old and new, nature and humankind, on every street. Even within the city center, nature is juxtaposed against architecture with towering skyscrapers emerging from the canopy of green. Beyond the city’s juxtapositions, Kuala Lumpur is home to a multicultural mix of world-class cuisine and creativity, the perfect spot for the brand’s debut in Malaysia.
Xenia Hotels & Resorts acquires The Ritz-Carlton Denver
Xenia Hotels & Resorts, Inc. announced its acquisition of The Ritz-Carlton, Denver, a 202-room luxury hotel located in Denver, Colorado for a purchase price of $100.25 million. The acquisition was funded with cash available on the Company's balance sheet.
"We are excited to have added a premier luxury hotel in one of our long-term core markets to our portfolio," said Marcel Verbaas, Chairman and Chief Executive Officer of Xenia. "As one of the few true luxury offerings in the city, and with guest rooms that are unrivaled from a quality and size perspective, the hotel's positioning in the market is uniquely differentiated. With the hotel having received approximately $60,000 per key in capital expenditures over the past few years, The Ritz-Carlton, Denver is positioned particularly well to benefit from the many demand drivers in the downtown Denver market."
The 14-story luxury hotel features 202 oversized rooms, including 47 suites, as well as 13,000 square feet of meeting space, The Ritz-Carlton Spa, and Elway's Restaurant. The hotel recently completed an extensive renovation of its guestrooms, food and beverage outlets, spa, meeting space and lobby. The Ritz-Carlton, Denver is part of a mixed-use development, which also includes 25 luxury residences and 193 apartment units.
In addition to being in excellent physical condition, the hotel has exhibited consistently strong operating results, as illustrated by its RevPAR of $247.86 during the trailing 12 months ending July 31, 2018.
IHG (InterContinental Hotels Group), one of the world’s leading hotel companies, announces the new opening of the 4-story, 196-room Holiday Inn® Ciudad Juárez hotel. Conveniently located on Juarez Tecnologico Avenue 3620, Partido Iglesias neighborhood, and a few minutes from the Abraham Gonzalez International Airport serving Ciudad Juarez, the hotel opens following an investment made by its franchisee Fibra Inn of more than MX$ 211 million pesos.
Gerardo Murray, Regional Vice President, Marketing, Commercial and Revenue Strategy Mexico, Latin America and the Caribbean, IHG said: “We are very proud to have franchisees such as Fibra Inn who continue to demonstrate their confidence in IHG´s family of brands with the opening of the first Holiday Inn hotel in Ciudad Juarez.”
The Holiday Inn brand is recognized worldwide for its commitment to providing warm and friendly stays for all guests. The Holiday Inn Ciudad Juarez property features a contemporary design, making it the ideal property for any traveler visiting this destination. Guests can find facilities to help them work and play, including the El Refugio Bar and the full-service Las Misiones Restaurant serving both regional and international dishes and where Kids Eat Free. Other hotel amenities include an outdoor swimming pool, fitness center, 24-hour business center, free parking, meeting rooms, as well as fast, reliable Wi-Fi with IHG® Connect.
The Holiday Inn Ciudad Juarez hotel joins five other IHG properties open in Chihuahua state: Holiday Inn Express & Suites Ciudad Juárez -Las Misiones hotel; Holiday Inn® Hotel & Suites Chihuahua hotel; Holiday Inn Express Chihuahua hotel; Staybridge Suites® Chihuahua hotel and the Holiday Inn Express® & Suites Chihuahua Juventud hotel.
St. Regis Hotels & Resorts announced the signing of The St. Regis Melbourne, marking the first hotel in Australia for the renowned luxury brand. Owned by Century Group Aus, this new-build hotel is slated to open in 2022 and will be located in the heart of Melbourne amidst distinct architecture and a dynamic arts scene.
“Melbourne’s vibrant mix of world-class dining, art galleries and rich history makes it an ideal destination for the debut of the iconic St. Regis brand in Australia,” said Lisa Holladay, Global Brand Leader, St. Regis Hotels & Resorts. “We are delighted to be working with Century Group Aus to open The St. Regis Melbourne and offer our guests impeccable service and exquisite experiences in Australia.”
Located in the luxury mixed-use precinct Flinders Bank on the corner of Spencer and Flinders Streets, the new St. Regis Melbourne will serve as a landmark gateway to the city’s bustling Central Business District. Guests will also be within walking distance of Collins Street, known for its historic Victorian architecture, prestigious boutiques and high-end retailers, as well as the Melbourne Convention and Exhibition Centre.
The 33-storey Flinders Bank will house the St. Regis Melbourne across levels 2 to 11 and include 168 luxuriously appointed guestrooms and suites, all of which will offer sweeping views of the Yarra River or city skyline. With interiors created by world-leading interior design studio, Chada, and the building designed by Fender Katsalidis Architects, The St. Regis Melbourne will be an instant icon and stylish addition to the city’s skyline. Refined food and beverage offerings will include a specialty restaurant in addition to a sophisticated Drawing Room space and the St. Regis Bar, which will serve up the local rendition of the brand’s signature cocktail, the Bloody Mary.
St. Regis Hotels & Resorts to debut in Australia
27 August -01 September 2018
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