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

Kenya airways celebrates its 40th anniversary

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

Middle dc campbell soup co copy

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

Uniqlo earnings

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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