Business
Dairy Farmers of America Wants to Purchase Dean Foods
Owner of brands like Land O’Lakes, Tuscan and Lehigh Valley Dairy Farm is planning to make an efficient sale of these.
Dean Foods reported that it already filed bankruptcy and would soon be selling the rest of it. This dairy company employs 15,000 people and is said to be the country’s largest daily processor.
Are they really going to purchase Dean Foods?
Dairy Farmers of America is going to acquire Dean Foods assets. According to reports, they have already made some reviews on the operation of Dean’s sale. They are figuring out if a stand-alone strategic plan is feasible.
Dean Foods president and CEO since July, Eric Beringause made a statement on Tuesday “Despite our best efforts to make our business more agile and cost-efficient, we continue to be impacted by a challenging operating environment marked by continuing declines in consumer milk consumption.” To keep the business going, they commit $850 million in debtor-in-possession financing.
This scheme is suitable for companies under distress financially. Dean Foods’ financial loss didn’t just start. Since the last ten quarters, they have reported that sales have gone down. He claimed furthermore, “The actions we are announcing today are designed to enable us to continue serving our customers and operating as normal as we work toward the sale of our business.”
What happened?
One of its losses is due to Walmart’s opening of a milk bottling plant in Indiana and now provides dairy and milk products to 5 states. According to Mark Stephenson, a director of dairy policy at the University of Wisconsin-Madison, “I think that certainly was a blow for them, but it was only one of many they have had.”
Dean Foods canceled its quarterly earnings call on Tuesday due to the filing of bankruptcy. In their statement, they said that customers shouldn’t be alarmed because there will be a continuous supply of dairy products to their retailers.
Dean was founded in 1925 and was received openly by the public in1961. The company is the largest direct-to-store milk distributor in the country. But since 1985, sales of milk have only little increase. Beverage companies are experimenting with the different taste palates of the market. There are sports drinks, energy drinks, and plant-based drinks.
While milk may be the less drank by the consumers. 94% of the household in the nation would always keep this beverage in their refrigerators. Dairy categories such as cheese and butter have high consumptions and are doing well in the industry.
Americans ate 2.5% dairy this year than last year. The retail value of this is more than $100 billion.
Dean Foods stock rose 2.3% as of the latest trading.
Dairy Farmers of America in Kansan was founded in 1998 and had 4 dairy cooperatives. As of today, it has 14,000 dairy farm members and 47 plants all over the country.
They produce cheese, butter, ice-cream, milk, and other dairy ingredients. To name some of their brands – Borden’s Breakstone’s, Hotel Bar, a lot more. Dairy Farmers buys milk from the farmers of Wisconsin and sells them, including Dean Foods.
Read more: The New Sonic Movie
Business
CROWN GOOSE LAUNCHES A 6 STAR HOTEL GRAND MERCURE ROOM PACKAGE
Asia’s one of most prominent Hotelplexes, Yongsan Dragon City Hotel Grand Mercure and global luxury goose down bedding brand Crown Goose collaborate to showcase Grand Mercure Crown Goose Suite Room Package from July 20th to August 31st.
Asia’s one of most prominent Hotelplexes, Yongsan Dragon City Hotel Grand Mercure and global luxury goose down bedding brand Crown Goose collaborate to showcase Grand Mercure Crown Goose Suite Room Package from July 20th to August 31st.
Yongsan Dragon City Hotel is a part of Accor Hotel Group from France, and is the largest hotel in Korea with 1,700 rooms, 11 restaurants and bars. The hotel can accommodate up to 4,900 people. Yongsan Dragon City includes four brands: Grand Mercure, Novotel Suites, Novotel Ambassador, and ibis Styles Ambassador.
Crown Goose Suite Room Package is located in Grand Mercure, known as a 6-star hotel from the Accor Hotel Group. Grand Mercure has upto 3 bedrooms, full kitchen facility, and indoor golf course and an access to executive floor lounge.
Grand Mercure’s Crown Goose package room is decorated with royal gold color, which symbolizes success, elegance, and royal authority. This Grand Mercure Suite room displays the top 0.05% of Crown Goose clients’ favorite bedding items. The room package also includes gift box of towel sets.
Crown Goose, a global eiderdown brand has showcased “Crown Goose Room Package” in Hilton hotels before. Hilton’s ocean suite room, the highest room in Hilton accommodated a number of celebrities.
Located in the heart of Beverly Hills, Crown Goose is a goose down brand loved by the world’s top clients and super riches. Crown Goose’s recent clients included New York Manhattan Super Rich’s Residence, 15 Hudson Yards and many Beverly Hills mansions. Thanks to these facts, Crown Goose has established itself as a high-end luxury goose down comforter among the wealthy.
Business
PENINSULA Unveils World’s First Official 8K Main Trailer!
(PRESSREELS) CONTENTS PANDA(Next Entertainment World), which presents PENINSULA released the world’s first official main trailer of 8K image quality at noon (Korean time) on June 16, 2020.
Four years after ‘TRAIN TO BUSAN’, Connect with the survivors of the ‘PENINSULA’!
(PRESSREELS) CONTENTS PANDA(Next Entertainment World), which presents PENINSULA released the world’s first official main trailer of 8K image quality at noon (Korean time) on June 16, 2020. The trailer of PENINSULA, a 2020 Cannes Film Festival’s official invitation film, depicts the struggles of those who have survived in different ways for four years after TRAIN TO BUSAN.
PENINSULA is an action blockbuster depicting the last battle for survival between the people left behind in the ruins of the Korean peninsula four years after Train to Busan. The upcoming PENINSULA trailer ahead of its worldwide premiere release in the summer of 2020 is full of such big scale action sequences and explosive thrills together with fast-sounding gunfights and car-chasing scenes.
In particular, the official trailer of PENINSULA, which has 8K image quality for the first time in the world, meets the technical specifications of all digital devices and delivers a high level of visual completeness to moviegoers around the world. The 8K trailer, which is 16 times clearer than the FULL HD image quality and 4 times clearer than the 4K image quality, can be enjoyed in 8K, 4K and HD according to the device’s specifications if the 8K main trailer via the NEW’s official channel on YouTube is selected as the highest specification (4320p 8K). Especially, viewers can watch them with a perfect picture quality without an extra setup from the YouTube app on Smart TVs that support either 4K or 8K.
This super high-definition trailer was created through the collaboration of NEW’s digital business corporation NEW ID and SK TELECOM. Among the media-focused core technologies of AI-based Post Production, a joint enterprise between the two companies, the technology called Supernova is a media upscaling solution (up to 8K) to improved quality of image and sound source based on the AI’s deep learning algorithms while maintaining the quality level of the original.
Movie Information
– Title: PENINSULA
– Director: YEON Sangho (Psychokinesis | Seoul Station | Train to Busan)
– Genre: Disaster, Zombie
– Cast: GANG Dongwon (Illang: The Wolf Brigade | A Violent Prosecutor)
LEE Junghyun (Love, Again | The Battleship Island)
– World Sales: CONTENTS PANDA (NEW)
– Production: REDPETER FILMS (Birthday | Psychokinesis | Train to Busan)
– Expected Release Date: Summer 2020
– Logline: 4 years after the inexplicable disaster, they’re returning to the godforsaken land!
– Synopsis
: Jung-seok barely managed to escape from the unprecedented disaster in Korea 4 years ago and lives in exile in Hong Kong by himself. He is given a lucrative chance to return to Korea to retrieve large bags of cash left abandoned in the streets of Seoul. His mission is infiltrated ruined city of Seoul and secure the target truck before the sunrise, then return to Hong Kong unscathed. But he and his team are ambushed by a militia known as Unit 631 and vicious zombie hordes. During his desperate struggle to survive, Jung-seok experiences a moment of deus ex machina as survivor Min-jung and her family save him from brink of death. Together, they formulate one last plan to escape the peninsula for good. The prodigal son, the survivor and the deranged, their bloody battle begins!
