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Chiquita and Fyffes combine to create global produce company
Chiquita Brands International plans to combine with and Fyffes, an international importer and distributor of tropical produce, in a stock-for-stock transaction that will create a global banana and other fresh produce company with approximately $4.6 billion in annual revenues.
Once the transaction is completed, before the end of 2014, Chiquita shareholders will own approximately 50.7% of ChiquitaFyffes, while Fyffes shareholders will own the remaining 49.3%, on a fully diluted basis.
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Ann Inc. supply chain exec joins Neiman Marcus
Dallas -- Michael West has joined Neiman Marcus Group Inc as senior VP, distribution, logistics and fulfillment. West joins Neiman Marcus from Ann Inc., where he was senior VP, global logistics and distribution. He spent more than 12 years with Target Corp., where he held various positions, including VP, global logistics.