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Kenya Air looking to renegotiate its alliance with Air France-KLM

Bloomberg Kenya Airways Plc is looking to renegotiate a 24-year long partnership with Air France-KLM to gain more control over their cost and revenue-sharing deal and the ability to make agreements with other airlines. The partly state-owned company has removed all staff that came from the European airline, including Chief Operations Officer Jan de Vegt, and replaced them with local ...

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Campbell to sell Europe potato chips business

Bloomberg Campbell Soup Co agreed to sell its European potato chips business to Valeo Foods Group Ltd for about 66 million pounds ($80 million), the soupmaker’s latest divestment as it simplifies operations. Valeo, a Dublin-based food producer, will acquire the Yellow and Kettle brand chips for the European market, according to a statement. Campbell will retain the Kettle brand for ...

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Uniqlo founder wants a woman to succeed him as CEO

Bloomberg Tadashi Yanai, Fast Retailing Co’s 70-year-old billionaire founder, said he would prefer to be succeeded by a woman, which would be better for Asia’s largest retailer. “The job is more suitable for a woman,” Yanai, the chief executive officer behind clothing giant Uniqlo, said in an interview. “They are persevering, detailed oriented and have an aesthetic sense.” As Yanai ...

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