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C7 Brands agrees Huddersfield Town deal for Coco Fuzion 100

2018-01-15 12:23:00| Daily beverage news and comment - from just-drinks.com

UK company C7 Brands is taking coconut water to the English Premier League for the first time through a sponsorship deal with football's Huddersfield Town.

Tags: town deal brands agrees

RCom agrees asset sales to cut debt by 85%

2017-12-27 07:30:00| Telecompaper Headlines

(Telecompaper) Indian operator Reliance Communications (RCom) has announced an agreement with lenders to restructure its debt and exit protection from creditors, without any loan write-offs. Upon completion of all the proposed transactions, RCom's debt is expected to drop to INR 60 billion, which represents a reduction of over 85 percent.

Tags: sales cut debt asset

Invuo agrees to sell SEQR to Glase for SEK 8 mln

2017-12-21 11:40:00| Telecompaper Headlines

(Telecompaper) Invuo Technologies, which used to be called Seamless Distribution, has announced an agreement with Swedish company Glase FinTech to sell its SEQR division for SEK 8 million paid in cash. The transaction is scheduled to take place before the end of 2017, when SEQR and all associated costs are taken over by Glase. By selling SEQR instead of winding it down, Invuo expects a cost saving of around SEK 20 million.

Tags: sell agrees sek mln

Amazon agrees EUR 100 mln settlement in Italian tax case

2017-12-18 09:19:00| Telecompaper Headlines

(Telecompaper) Amazon has become the latest US internet giant to agree to a multimillion euro payment to settle its tax affairs in Italy after the local tax authority announced a deal to settle a long-running dispute. In a statement, Italy's Agenzia delle Entrate confirmed that the company has agreed to pay EUR 100 million to settle outstanding tax claims dating from 2011 to 2015. The deal meant the case was now closed, paving the way for "the correct taxation in Italy for activities related to our country," said the agency. Amazon subsequently added: "We have reached an agreement with the tax authorities on historical matters and remain focused on providing a great shopping experience for our customers in Italy, where we have invested more than EUR 800 million since 2010 and created over 3,000 jobs."

Tags: case eur tax amazon