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Maersk

March 24, 2017

Mars brings Maltesers to the US for the first time; Maersk Reaches North Sea tax deal with Denmark; and Australia’s Rinehart children granted permission to sue

Mars brings Maltesers to the US for the first time

Family-owned confectionery giant Mars is to start selling Maltesers in the United States, marking its first chocolate brand launch in the country in two decades.

Despite being the United Kingdom’s third-largest chocolate brand, Maltesers are not available in the US because of a dispute with Hershey over its name. The two confectionary giants settled out of court in 2015, giving Mars the go-ahead to bring its bite-sized treats to the US.

March 10, 2017

Maersk and IBM to launch supply chain solution; Cargill and CARE renew partnership; and Henkel to acquire Mexican haircare business

Maersk and IBM to launch supply chain solution

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, has announced a partnership with IBM to implement blockchain technology across its global supply chain.

The new technology will be made available to the logistics industry and aims to manage and track the paper trail of millions of shipping containers—an innovation that could save the industry billions.

December 23, 2016

Two Maersk ships sink en route to Turkish scrapyard; Nintendo stock falls despite hit game Super Mario Run; News Corp banned from Melbourne Pride after ‘homophobic’ cartoon

Two Maersk ships sink en route to Turkish scrapyard

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, has confirmed that two of its offshore supply vessels sunk off the coast of France while being towed to a Turkish shipyard for recycling.

The Maersk Supply Service vessels, Maersk Searcher and Maersk Shipper, were unmanned. All employees aboard the towing vessel Maersk Battler are safe.

September 22, 2016

Transport giant Maersk to split its shipping, energy operations; Les Mills International moves headquarters to Chicago; and América Móvil eyes acquisition of Brazilian rival Oi

Transport giant Maersk to split its shipping, energy operations

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, is splitting its container shipping and energy operations into two independent entities as part of a historic shake-up.

Rocked by low shipping and oil prices, the Copenhagen-based group said the transport and logistics division will handle its shipping and container business, while the energy spin off will handle oil production and drilling.

August 26, 2016

Lawyers Say Bosch colluded on Volkswagen emission scandal; Nintendo strengthens supply chain with Jesnet acquisition; and Maersk to cut fleet and crew

Lawyers Say Bosch colluded on Volkswagen emission scandal

German family business Bosch, one of Europe’s largest companies by revenues, has been accused of colluding with Volkswagen over the emissions cheating scandal in amended court filings.

July 22, 2016

Swatch first-half profit declines to lowest level in nearly a decade; Dassault Aviation profit down, deliveries cancelled; and Maersk signs five-year carbon reduction scheme

Swatch first-half profit declines to lowest level in nearly a decade

Swiss watchmaker Swatch, owned by the Hayek family, reported its lowest first-half profit in seven years amid a challenging time for luxury goods.

According to a company statement, first-half operating profit declined 54% to CHF353 million ($359 million) but said it expects “clear growth” in the second half of the year. Swatch said July 15 that revenue fell about 12%.

June 24, 2016

Bertelsmann commits to UK after Brexit; Maersk appoint new CEO, may break up company; and Brexit scuppers Tata Steel's efforts to maintain operations in the UK

Bertelsmann commits to UK after Brexit

German media group Bertelsmann says it will remain committed to all its investments in the UK and acknowledges “with regret” the British electorate’s decision to leave the European Union, according to a company statement.

The Gütersloh-headquartered firm, controlled by the Mohn family, said Britain’s exit from the EU raises political and economic uncertainties for the firm, but added that its fourth-largest market would remain very important.

June 15, 2016

Robert Maersk Uggla, the third-generation heir to Danish shipping giant AP Moller-Maersk, has been appointed chief executive of the family’s holding company in a move that will distance the family from daily operations.

Robert Maersk Uggla, the third-generation heir to Danish shipping giant AP Moller-Maersk, has been appointed chief executive of the family’s holding company in a move that will distance the family from daily operations.

As of September 2016, Uggla will step down from the top job at Maersk-owned tugboat operator Svitzer to become CEO of AP Moller Holding, which holds 41.5% of shares and 51% of voting rights in the Copenhagen-based shipping company.

May 13, 2016

Maersk Line posts huge fall in profit; Three’s takeover of O2 blocked by EU; and Comcast pays founder's widow $490 million to settle

Maersk Line posts huge fall in profit

Danish shipping company Maersk Line, owned by the McKinney-Moeller family, reported a 94.9% drop in profits to $37 million its first quarter, compared to the same period in 2015.

According to the Danish shipping giant, revenue for the first quarter was $4.97 billion, which equates to 20.5% fall over last year.

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