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• The Chicago Sun Times reports that "Procter & Gamble Co. is selling its Iams and Eukanuba brands in Europe to Spectrum Brands, shedding the remaining parts of its pet care business." Financial terms of the deal were not disclosed.


• Starbucks announced this week that it will acquire the 60.5 percent of Starbucks Japan that it does not already own. Terms of the deal were not disclosed.

Starbucks Japan has been a joint venture between Starbucks and Sazaby League, but the latter reportedly approached Starbucks about buying the 1,000 stores this summer.
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