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Nestle faces new coffee rival as Vietnam targets instant market

Bloomberg After quietly supplying coffee addicts their daily fix for decades, Vietnam is preparing to take on Nestle SA and its Asian rivals to reach them faster. Instead of selling raw robusta beans to foreign companies for turning into instant coffee, Vietnam’s biggest supplier is preparing to offer its own soluble powder in early 2020. The shift is aimed at ...

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Toms Shoes creditors to take over firm to fix debt

Bloomberg Creditors of Toms Shoes LLC, the popular footwear seller that’s been struggling to weather declining sales amid a pile of looming debt, have agreed to take over the company in exchange for restructuring its debt. The group of creditors, led by Jefferies Financial Group Inc., Nexus Capital Management LP and Brookfield Asset Management Inc. will assume the ownership from ...

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UAE committed to safety, security of peaceful nuclear programme

VIENNA / WAM The UAE is strictly committed to its nuclear policy principles of transparency, safety and security, sustainability and international cooperation to ensure that its Peaceful Nuclear Energy Programme is developed in line with the highest standards, said Hamad Al Kaabi, Ambassador and Permanent Representative of the UAE to the International Atomic Energy Agency (IAEA). In a statement made ...

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