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McCain Foods names new president
TORONTO — McCain Foods announced that it has named Dirk Van de Put as president and CEO and a director of the company, succeeding Dale Morrison, effective July 1.
Dirk joined McCain Foods from Novartis where he was President of the $3-billion global Over-the-Counter Consumer Health business. Prior to joining Novartis, Dirk held executive positions with Group Danone and Mars Inc.
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Prada to use IPO proceeds to expand, renovate stores
Hong Kong -- Italian fashion house Prada, which is preparing for an initial public offering of about $2 billion in Hong Kong, said it plans to use most of the proceeds on expansion and renovation of its stores over the next 18 months.
The Milan-based company said it plans to add a net total of about 80 directly operated stores by the end of January 2012, most of them in the Asia Pacific region, where it sees "substantial potential for growth," Prada said in the a regulatory filing.