Dan Loeb just placed his biggest bet ever on a chocolate company. The activist investor’s hedge fund Third Point LLC amassed a $3.5 billion stake in Nestle, the world’s largest packaged foods company, representing roughly 1.25 percent of the Swiss-based company’s shares. Loeb is hoping to reinvigorate the brand amid changing food tastes as well...
NYS Entity Status
NYS Filing Date
JUNE 27, 2013
NYS DOS ID#
NYS Entity Type
DOMESTIC LIMITED LIABILITY COMPANY
2013 - BEST BRANDS SALES COMPANY, LLC
AROUND THE WEB
- Dan Loeb buys a chunk of Nestle, blasts ‘staid’ culture
By Carleton English - Monday Jun 26, 2017
- Longtime hockey exec rebrands himself as activist investor
By Josh Kosman - Tuesday Jul 25, 2017
Longtime hockey executive Graeme Roustan, who lately has been re-branding himself as a shareholder activist, has succeeded at pushing pharmaceutical company Aeterna Zentaris to explore a sale, The Post has learned. Roustan — best known for his stint as chairman of Performance Sports Group, maker of Bauer hockey sticks — confirmed to The Post he...
- Pizza Hut drags down results at its parent company
By Reuters - Thursday Aug 3, 2017
Yum Brands, the owner of KFC and Taco Bell, reported a smaller-than-expected rise in quarterly sales at established restaurants worldwide as fewer diners ate at its Pizza Hut restaurants. The company, which spun off Yum China Holdings late last year, said same-store sales rose 2 percent in the second quarter ended June 30, missing the...
- Adidas unloads iconic hockey brand CCM for $100M
By Josh Kosman - Thursday Jul 27, 2017
Adidas on Thursday announced the sale of CCM, its iconic hockey brand, for $110 million. Birch Hill Equity Partners, a Canadian private equity firm, is buying the storied 118-year old company. The deal confirms an exclusive story in The Post on July 20 about the expected deal. Adidas is lending Birch Hill money equal to...
- Yogurt company eyed for consolidation: sources
By Claire Atkinson - Sunday Aug 13, 2017
Our financial sources suggest that some major snack food companies are ripe for consolidation, and the next target is very likely to be France’s Danone, best known for its yogurt products. The company reported flat second-quarter sales, but on its earnings call last month suggested it would see growth in the second half. “Someone is...
- Neighborhoods That Play Hard to Get
By STEFANOS CHEN - Friday Aug 11, 2017
In some New York neighborhoods, the housing stock is great, but turnover is so low, word of mouth is the best search engine.