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Italy's Ferrero to buy WK Kellogg in $3.1 billion deal
Italy's Ferrero to buy WK Kellogg in $3.1 billion deal

Yahoo

time10-07-2025

  • Business
  • Yahoo

Italy's Ferrero to buy WK Kellogg in $3.1 billion deal

Italian confectioner Ferrero said on Thursday that it would buy US cereal maker WK Kellogg for $23 per share, valuing the company at $3.1 billion (€2.6bn). That's a premium of around 31% on Kellogg's closing share price on Wednesday. The deal could allow Italy's Ferrero to establish a foothold in the US market and focus on healthier offerings as consumer habits change. Kellogg, widely considered the original creator of cornflakes, owns brands like Froot Loops, Rice Krispies, and Krave. Confectionery companies have been hit by the rise of weight-loss drugs but also pressure from the 'Make America Healthy Again' movement, which is campaigning to reduce artificial dyes in cereals. Related Seeking significant growth, Euronext hails EU merger softening World Chocolate Day: The EU is celebrating with sky-high prices Ferrero has been expanding in recent years, buying Nestle's confectionery business and a number of other sweet makers. The Italian firm, which owns Nutella, Thorntons, Kinder, and Tic Tac, was founded in 1946 and is still under family ownership. Kellogg's performance has been lacklustre in recent years after it split from its parent company, Kellanova, in 2023 — and it now holds more than $500 million (€427mn) of debt. Kellanova is also creating its own headlines. The firm, which owns brands such as Pop-Tarts and Pringles, was bought by Mars for $36bn, a deal that is now facing an antitrust probe by European regulators. The deal between Ferrero and WK Kellogg is set to close in the second half of 2025.

Krave Al Qana review: Clean eating cafe makes Abu Dhabi debut with measured success
Krave Al Qana review: Clean eating cafe makes Abu Dhabi debut with measured success

The National

time27-06-2025

  • Lifestyle
  • The National

Krave Al Qana review: Clean eating cafe makes Abu Dhabi debut with measured success

Offering prime views of the Al Qana waterfront, Krave made its Abu Dhabi debut in May. The clean eating cafe launched in Dubai in 2016, and now has outposts in Dubai Mall, Barsha Heights, the Dubai International Financial Centre and Silicon Oasis. The National made its way to sample the brand's signature menu, with its promise of bringing healthy but tasty dishes to the capital. Where to sit and what to expect Fittingly, Krave Abu Dhabi is located on the lower level of The Bridge Lifestyle Hub, an 8,000-square-metre gym and wellness centre. The open-plan layout is dominated by shades of brown, including potted wooden slats interspersed between actual plants. Industrial-chic lighting with exposed bulbs and wires give the space a cosy feel despite its expanse. The 100-seater restaurant has a central bar serving innovative smoothies on one end and a long kitchen counter on the other, with the chefs partially visible behind glass partitions. Tables in the indoor dining hall almost have too much space between them, and Krave also has two outdoor sections, one along the waterfront and the other for private events. The menu Breakfast is a big draw at the Krave locations in Dubai, and the Abu Dhabi menu is no different – listed calorie count and all. Served until noon each day, options include everything from spinach egg white omelette (Dh62; 155 calories) and Greek yoghurt with mixed berries and granola (Dh48; 224 calories) to skinny pancakes (Dh63; 342 calories) and an indulgent sourdough with avocado, smoked salmon and omega-3 poached eggs (Dh74; 421 calories). My party of three visited at the fag end of the work week, so we were not really in the mood to count calories. Even so, none of us exceeded more than 550 calories. Even the 'light' range of desserts hover at an average of 100 calories less than their regular counterparts. Of the dishes we tried, the paprika-roasted potatoes (Dh42) proved to be a standout starter. Crisp on the outside and mushy within, the tangy tatters were generously coated in spices balanced by a side dip of low-fat sour cream. The spicy cashew chicken (Dh76) – natural-fed and hormone-free – was another highlight, the tender and well-salted meat blending well with chargrilled bell peppers and slivers of carrot. Despite not being overly saucy, it teamed well with both the buckwheat soba noodles (Dh62) and sticky coconut rice (Dh24). The fillet of the pistachio-crusted salmon (Dh98) was a tad too plump for my taste, but the meat itself was suitably moist and flaky. The same cannot be said for the tenderloin, unfortunately. Not only were we not asked how we want the meat cooked, but the slabs served also committed culinary blasphemy by being well done to the point of blending in with the restaurant's wooden decor. Fortunately, dessert more than made up for this faux pas. In keeping with Krave's promise of 'treats that taste indulgent without the sugar crash', both the milk cake and tiramisu were light as air, and utterly delectable. To order or not to order Of the dishes we got, I'd go back for the milk cake, again and again and again. After all, it is available in not only the original flavour, but also pistachio, saffron and chocolate variations. The same excitement cannot be extended to the tenderloin. Save or splurge A three-course meal at Krave can cost between Dh120 and Dh341. On the high end of the price spectrum lie the teriyaki salmon bowl (Dh86); beef tenderloin (Dh106); and light pistachio milk cake (Dh49). The three most reasonable dishes across starter, main and dessert are: hummus with celery sticks, cucumber and baked wholewheat tortilla nachos (Dh36); spicy garlic chicken shawarma wrap (Dh51); and light carrot cake (Dh33). Krave is open from 8am to midnight. For more information or to make a reservation, call 02 616 4540.

UAE: Top things to do from May 30 to June 1 in the country
UAE: Top things to do from May 30 to June 1 in the country

Khaleej Times

time29-05-2025

  • Entertainment
  • Khaleej Times

UAE: Top things to do from May 30 to June 1 in the country

The weekend is here, so is our guide to the best activities and offers around the UAE. Here's the list: Let's go skydiving! This summer, Skydive Dubai—renowned as the world's top skydiving destination—is offering a special seasonal rate of Dh2,499 for tandem jumps at its iconic Palm Dropzone from June to September. Each experience includes a professionally edited video and photo gallery, with optional add-ons like social media-ready clips and selfie-view footage. With early morning check-ins to catch the golden hour, thrill-seekers can enjoy breathtaking views of the Dubai coastline, Palm Jumeirah, and endless skies while freefalling at 200km/h. Whether marking a milestone or chasing a bucket list moment, it's the ultimate way to start the day from 13,000 feet. Groove to Gordo On May 31, BCH:CLB—Dubai's premier beachfront destination—welcomes the return of global electronic music icon Gordo for a high-energy night of immersive beats and euphoric vibes under the stars. Known for his chart-topping hits and collaborations with artists like Drake and Keinemusik, Gordo (aka Diamante Anthony Blackmon) brings his signature blend of tech house and Latin rhythms back to the open-air venue on Palm Jumeirah. The electrifying event promises cutting-edge soundscapes, breathtaking views, and a night to remember in one of Dubai's most exclusive party scenes. Limited-edition smoothie free with every order at new Abu Dhabi spot Krave, the UAE's popular health-focused dining brand, is making its Abu Dhabi debut on May 31 with its largest outlet yet in Al Qana, the capital's scenic waterfront destination. Known for its fresh, made-to-order meals and vibrant, natural interiors, Krave brings its wellness-driven philosophy to a new audience while celebrating the launch with a limited-time 'Blue Sky' smoothie, free with every purchase for a month. The new location seats up to 100 guests and will offer signature menu favorites like the Chicken Burrito Bowl and Acai Bowl, all served with full macronutrient transparency and no added sugars. Chinese food, anyone? For a refined weekend dining experience, book a table at Mott 32—one of the most awarded Chinese restaurant brands in the world. With locations in Hong Kong, Las Vegas, Singapore, and Dubai, Mott 32 brings modern Hong Kong cuisine to life through traditional recipes, premium global ingredients, and a commitment to sustainability. The Dubai outpost has earned accolades including a Gault & Millau 2025 toque, Michelin Guide Dubai 2024 recognition, and the 2023 Restaurant & Bar Design Award. Expect a sophisticated atmosphere, bold flavours, and dishes that balance authenticity with contemporary flair. Sip & snap with Barakat Looking for a fun, flavour-packed outing this weekend? Head to Kite Beach, Dubai on May 31 or Yas Mall, Abu Dhabi on June 1 as Barakat transforms these hotspots into vibrant mocktail playgrounds. Expect free mocktail tastings, eye-catching billboard pop-ups, Instagrammable photo ops, and non-stop giveaways. With refreshing, all-natural flavours like Bellini and Blue Lagoon on offer, it's the perfect way to beat the heat and score some exclusive Barakat merch while you're at it. Get stylish this summer Elevate your wardrobe with Lewis James' Summer 2025 capsule—where effortless elegance meets conscious craftsmanship. The collection features standout pieces like the Iris Shirt, made from sustainable TENCEL™ with fluid florals; the Oversized Bowling Shirt, cut from organic cotton for modern ease; and the Verona Jacquard Shirt, offering silky-soft texture and understated glamour. Thoughtfully produced and beautifully detailed, each piece blends style with sustainability. Saturday live music nights Add a touch of glam to your weekend at La Camera! By TOTÓ, where Italian elegance meets live entertainment every Saturday night. The chic Downtown Dubai venue hosts the 'Battle of the Bands' series—featuring a new live band weekly. On May 31, catch 'Billu and the Brownies' as they bring their soulful sound to the stage. Expect a stylish evening of cinematic-inspired interiors, Italian-Mediterranean cuisine, curated beverages by mixologist Nikola Lemic, and smooth tunes ranging from funk to swing. Music kicks off at 9pm—perfect for a romantic night out or a spirited evening with friends.

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