Earnouts are a type of purchase agreement where an element of the price is contingent upon the performance of the business after the sale. They are often linked to a post-deal EBITDA target, but can also be driven by revenue or other KPIs, depending on the circumstances. When a seller and a buyer have different […]
Why Employees Quit
The so-called war for talent is still raging. But in that fight, employers continue to rely on the same hiring and retention strategies they’ve been using for decades. Why? Because they’ve been so focused on challenges such as poaching by industry rivals, competing in tight labor markets, and responding to relentless cost-cutting pressures that they […]
Keurig Dr Pepper will buy energy drink maker Ghost for more than $1 billion
New York (CNN News) Keurig Dr Pepper will expand its energy drink business by acquiring the brand Ghost for more than $1 billion. The range of Ghost’s energy drink flavors, in partnership with sweet brands like Sour Patch Kids and Oreo, sets Keurig up to appeal to a younger audience, the company said in a statement […]
Idris Elba is building an entertainment industry in Africa
His vision is ambitious. Elba aims to build film studios across Africa, starting in Zanzibar, the Tanzanian semi-autonomous island renowned for its white sand beaches. The idea took root last year when Elba met Tanzanian President Samia Suluhu Hassan at the World Economic Forum in Davos. Their discussions led to plans for the first studio […]
Food execs signal a strong appetite for M&A in 2024
Major food makers are poised to accelerate M&A in 2024, with companies such as Mondelēz International claiming to be in “active” discussions. Once known for consummating big transformational deals, the food and beverage sector has been focused during the last six years on so-called “bolt-on” transactions. These purchases give companies a deeper presence in certain categories […]
6 Essential Leadership Skills — and How to Develop Them
The way we work has changed — and so has leadership. Leaders are under new pressures to perform at higher levels and adapt quickly to changing demands. In this article, the author shares advice from three leadership experts and outlines the six skills leaders need to succeed: 1) emotional aperture; 2) adaptive communication; 3) flexible […]
Plastic Recycling Industry
LyondellBasell and ExxonMobil are expanding their plastic recycling capabilities with new facilities aimed at significantly increasing the recycling rate of plastic waste in the U.S. and globally. Their goal is to process 500,000 metric tons of plastic annually by 2026, helping divert plastic from landfills and contributing to a more circular economy for plastics. Source […]