Goodbye, Vimal: Why Mukesh Ambani is selling his father's first major business
In a deal with China's Ruyi Science and Technology Group, Reliance agreed to transfer its textiles business and the Vimal brand for an undisclosed amount of cash and a 49 percent ownership stake. A new joint venture, where Reliance will still hold …
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'Made in Ireland' seen as mark of quality by Chinese parents
"After the Fonterra issue, I took all the brands affected by the scare off the list," said Xu Yong (28), a civil servant who now buys Dutch-sourced formula for his baby. "I choose based on safety concerns." Global and Chinese infant formula firms have …
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