Strauss Water Products and Richard Branson's Virgin Group are discussing a venture to manage the sales and service of Strauss water products.
Strauss Group Ltd. (TASE:STRS) has announced today that its subsidiary, Strauss Water Products, is holding negotiations with Richard Branson's Virgin Group to create a venture to manage the sales and service of Strauss water products in the UK.
Strauss responded to media speculation by saying, "A binding agreement has not yet been signed with respect to this deal. We will notify the media accordingly."
Published by Globes [online], Israel business news - www.globes-online.com - on November 7, 2011
© Copyright of Globes Publisher Itonut (1983) Ltd. 2011
Eliav Alaluf and Hadas Magen