Latest news with #Ferro
The Wire
02-08-2025
- Business
- The Wire
Your Favourite Ice Cream Just Got a Stick Makeover—Meet Ferro &; Crunchy Munchy by Cream Stone Ice Cream This Friendship Day
Hyderabad, India – 02 August , 2025 – Cream Stone Ice Cream, India's leading experiential dessert brand, is proud to announce the national launch of its first-ever premium ice cream stick collection. Introducing two indulgent new variants—Ferro and Crunchy Munchy—this latest innovation will be available across all Cream Stone Ice Cream outlets in India starting Friendship Day, August 3, 2025. With this launch, Cream Stone Ice Cream marks a major expansion into the growing frozen novelties market in India, bringing its signature handcrafted indulgence into a more convenient, on-the-go format. Known for its artistic and customizable desserts, the brand now reimagines the classic ice cream stick with premium ingredients, texture-rich formulations, and elegantly designed packaging. Crunchy Munchy and Ferro Ice Cream Sticks — where every bite promises a luxurious blend of textures and flavours. The Crunchy Munchy Ice Cream Stick delivers a delightful contrast of smooth and crisp with its creamy butterscotch core, enrobed in rich dark chocolate and generously sprinkled with crunchy praline. Following this irresistible treat is the Ferro Ice Cream Stick, a truly decadent experience featuring a luscious fusion of chocolate and hazelnut ice creams swirled with Nutella paste, all wrapped in silky milk chocolate and studded with roasted hazelnuts. Together, they redefine indulgence, offering a premium ice cream experience like no other. Speaking on the launch, Mr. Sheetal Patil, CEO of Cream Stone, said, 'Innovation has always been at the heart of our brand. With Ferro and Crunchy Munchy, we're transforming the premium ice cream experience into a format that's both accessible and indulgent. These sticks are designed for the modern consumer—quick, clean, and crafted without compromising quality.' The decision to launch these premium ice cream sticks on Friendship Day 2025 aligns with the brand's belief that desserts are meant to celebrate connection, togetherness, and shared joy. The collection is positioned as the ideal treat to commemorate meaningful moments between friends and loved ones. As consumers increasingly seek hygienic, grab-and-go frozen treats, Cream Stone Ice Cream aims to lead this emerging demand. Each ice cream stick is crafted to reflect the brand's emphasis on indulgent Flavours and quality dessert experiences, using rich ice cream bases and signature mix-ins. The packaging showcases the brand's visual creativity and premium positioning, aligned with its focus on innovation in frozen treats. Established in 2009 in Hyderabad, Cream Stone Ice Cream has grown into one of the most trusted names in the premium ice cream segment, known for introducing unique dessert concepts like American Mojo and its newly launched TUBZ take-home range. With over 117 outlets across 35 cities and 7 states in India, the brand continues to redefine what indulgent desserts mean to Indian consumers. The nationwide launch of the Ferro and Crunchy Munchy ice cream sticks positions Cream Stone Ice Cream at the forefront of India's premium on-the-go ice cream category, catering to a new generation that values taste, quality, and convenience. With this launch, the brand strengthens its foothold in the ice cream space while opening doors to newer audiences and markets. Customers can explore more about the launch, discover the nearest outlet, and avail exciting offers by visiting or following Cream Stone Ice Cream on Instagram at @creamstoneindia. About Cream Stone Ice Cream Cream Stone Ice Cream is a leading Indian dessert brand known for its premium ice cream offerings, customizable sundaes, and innovative mix-ins. With a legacy of Flavours innovation and a presence in over 117 locations nationwide, the brand blends taste with creativity to deliver exceptional frozen dessert experiences. From artisanal scoops to gourmet take-home tubs and now premium ice cream sticks, Cream Stone Ice Cream continues to shape the future of indulgence in India. For Media and Customer Inquiries: Help Line: 9849312000 Email: info@ Website: Instagram: @creamstoneindia (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI This is an auto-published feed from PTI with no editorial input from The Wire.
Miami Herald
30-06-2025
- Politics
- Miami Herald
China Research Ship Spotted on NATO's Doorstep
China continues to expand its military reach around the world as one of its naval ships was seen transiting the Strait of Gibraltar and heading into the Atlantic Ocean over the weekend. The presence of the Chinese navy near NATO member states comes as the United States has dispatched an aircraft carrier-led strike group from the East Coast for a mission in Europe. Newsweek has contacted the Chinese defense and foreign ministries for comment by email. The Chinese military possesses the world's largest navy by hull count, with more than 370 vessels in service-enabling Beijing to flex its military muscle both within and beyond East Asia. In January, a Chinese three-ship flotilla concluded a 339-day overseas mission, during which it carried out escort missions, port visits and war games across Asia, Africa and Europe. Situated between Morocco, Spain and the British overseas territory of Gibraltar, the Strait of Gibraltar serves as a passage for about 300 ships daily. American warships, along with those of other NATO allies, frequently transit this key strait as part of their operations. A Chinese Type 636 distant-ocean survey ship crossed the Strait of Gibraltar westward from the Mediterranean to the Atlantic Ocean on Saturday afternoon local time, according to Daniel Ferro-a Gibraltar-based user on X, formerly Twitter-who photographed the ship. This type of Chinese naval vessel collects oceanographic and meteorological data to support chart production and the development of forecasting systems as the country's navy expands its geographic operations, according to a report prepared by the U.S. Naval War College. The mission of the Chinese survey ship-operated by the People's Liberation Army Navy-remains unclear. It is also not clear whether the vessel-which, as Ferro noted, is "a long way from home"-will make any port calls during its deployment in the Atlantic Ocean. Before the Chinese navy's transit toward the Atlantic Ocean, the U.S. Navy deployed USS Gerald R. Ford-the world's largest aircraft carrier-from Naval Station Norfolk in Virginia on June 24 for what the service described as a "regularly scheduled deployment" in Europe. The aircraft carrier forms a strike group with the destroyers USS Mitscher, USS Mahan, USS Winston S. Churchill, USS Bainbridge and USS Forrest Sherman, providing "increased capacity" to deter adversaries and project power on a global scale, the U.S. Navy said. It remains to be seen whether the Gerald R. Ford will move further east to the Middle East following strikes between the U.S. and Iran. Two other U.S. aircraft carriers-USS Nimitz and USS Carl Vinson-are in the region, according to U.S. Naval Institute News. A report prepared by the U.S. Naval War College in 2018 said: "The geographic expansion of Chinese naval operations has created intense demands to speed mastery of the 'ocean battlespace environment' in new ocean areas. Some of these demands are met by the [People's Liberation Army Navy] itself. The Chinese Navy, like the U.S. Navy, possesses a corps of meteorologists and oceanographers that support the fleet." U.S. Navy Rear Admiral Paul Lanzilotta, the commander of the Gerald R. Ford Carrier Strike Group, said in a news release on June 24: "Our force stands prepared and ready to execute sustained, multi-domain operations at sea, wherever and whenever tasked, in support of American security and economic prosperity." China is expected to continue deploying its naval fleet across various oceans to challenge U.S. naval dominance and assert its influence. Related Articles Trump to Announce 'Wealthy' TikTok Buyer Group in Two WeeksDonald Trump Notches His Best Week YetExclusive: Democrat on How Trump's Tariffs Could Reshape Key Iowa RaceChina Makes Another High-Speed Rail Breakthrough 2025 NEWSWEEK DIGITAL LLC.
Newsweek
30-06-2025
- Science
- Newsweek
China Research Ship Spotted on NATO's Doorstep
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. China continues to expand its military reach around the world as one of its naval ships was seen transiting the Strait of Gibraltar and heading into the Atlantic Ocean over the weekend. The presence of the Chinese navy near NATO member states comes as the United States has dispatched an aircraft carrier-led strike group from the East Coast for a mission in Europe. Newsweek has contacted the Chinese defense and foreign ministries for comment by email. Why It Matters The Chinese military possesses the world's largest navy by hull count, with more than 370 vessels in service—enabling Beijing to flex its military muscle both within and beyond East Asia. In January, a Chinese three-ship flotilla concluded a 339-day overseas mission, during which it carried out escort missions, port visits and war games across Asia, Africa and Europe. Situated between Morocco, Spain and the British overseas territory of Gibraltar, the Strait of Gibraltar serves as a passage for about 300 ships daily. American warships, along with those of other NATO allies, frequently transit this key strait as part of their operations. What To Know A Chinese Type 636 distant-ocean survey ship crossed the Strait of Gibraltar westward from the Mediterranean to the Atlantic Ocean on Saturday afternoon local time, according to Daniel Ferro—a Gibraltar-based user on X, formerly Twitter—who photographed the ship. This type of Chinese naval vessel collects oceanographic and meteorological data to support chart production and the development of forecasting systems as the country's navy expands its geographic operations, according to a report prepared by the U.S. Naval War College. The mission of the Chinese survey ship—operated by the People's Liberation Army Navy—remains unclear. It is also not clear whether the vessel—which, as Ferro noted, is "a long way from home"—will make any port calls during its deployment in the Atlantic Ocean. Before the Chinese navy's transit toward the Atlantic Ocean, the U.S. Navy deployed USS Gerald R. Ford—the world's largest aircraft carrier—from Naval Station Norfolk in Virginia on June 24 for what the service described as a "regularly scheduled deployment" in Europe. The aircraft carrier forms a strike group with the destroyers USS Mitscher, USS Mahan, USS Winston S. Churchill, USS Bainbridge and USS Forrest Sherman, providing "increased capacity" to deter adversaries and project power on a global scale, the U.S. Navy said. It remains to be seen whether the Gerald R. Ford will move further east to the Middle East following strikes between the U.S. and Iran. Two other U.S. aircraft carriers—USS Nimitz and USS Carl Vinson—are in the region, according to U.S. Naval Institute News. What People Are Saying A report prepared by the U.S. Naval War College in 2018 said: "The geographic expansion of Chinese naval operations has created intense demands to speed mastery of the 'ocean battlespace environment' in new ocean areas. Some of these demands are met by the [People's Liberation Army Navy] itself. The Chinese Navy, like the U.S. Navy, possesses a corps of meteorologists and oceanographers that support the fleet." U.S. Navy Rear Admiral Paul Lanzilotta, the commander of the Gerald R. Ford Carrier Strike Group, said in a news release on June 24: "Our force stands prepared and ready to execute sustained, multi-domain operations at sea, wherever and whenever tasked, in support of American security and economic prosperity." The United States aircraft carrier USS Gerald R. Ford departing Naval Station Norfolk in Virginia on June 24 for a regularly scheduled deployment. The United States aircraft carrier USS Gerald R. Ford departing Naval Station Norfolk in Virginia on June 24 for a regularly scheduled deployment. Mass Communication Specialist 2nd Class Maxwell Orlosky/U.S. Navy What Happens Next China is expected to continue deploying its naval fleet across various oceans to challenge U.S. naval dominance and assert its influence.
Yahoo
10-06-2025
- Business
- Yahoo
Does Baker Tilly's merger signal a public accounting mid-market power shift? Trial Balance
This story was originally published on To receive daily news and insights, subscribe to our free daily newsletter. The Trial Balance is weekly preview of stories, stats and events to help you prepare. Baker Tilly and Moss Adams closed their merger in June, forming the sixth-largest accounting and advisory firm and the largest backed by private equity in the U.S. The company will operate under the Baker Tilly brand. In a recent interview with Business Insider, former CEOs Jeff Ferro and Eric Miles detailed the merger, their long-term growth plans and how PE backing is helping them scale to meet evolving client demands. Miles, the former CEO of Moss Adams, who will succeed Ferro as CEO of Baker Tilly at year-end, said the firms are responding to a clear shift in client expectations. 'The needs of the mid-market are evolving,' he told BI. 'Firms have to be bigger and more capable to stay competitive.' Ferro said he hopes the firm doubles revenue to $6 billion in five years, crediting the possibility of that scale to new technology and their private capital. The move places the company just outside the coveted Big Four ranking, as the combined firm brought in over $3 billion in annual revenue last year and includes 11,500 employees. While Baker Tilly has traditionally served clients across the East and Midwest, Moss Adams brings a dominant West Coast clientele market. For CFOs, the geographic blend and expanded advisory offerings may create a stronger alternative to historically pricey Big Four services, especially for mid-market finance leaders seeking cost-effective services. The deal also reflects a broader trend: While not directly tied to individual transactions, the tax advantages PE firms receive through mechanisms like the carried interest loophole could help fuel their ability to back large-scale mergers, especially in cash-generating service sectors like accounting. Baker Tilly's 2024 stake sale to Hellman & Friedman and Valeas Capital gave the firm the capital to boost its M&A strategy and invest heavily in AI, automation and the growing trend of fixed-cost service offerings. For finance chiefs, the merger could signal a shift in public accounting dynamics. PE backing often means faster innovation and improved service packages, but it also raises questions around pricing models, partner accountability and the long-term stability of the firm itself. Traditional partner-run firms, a model that is facing challenges of its own, typically offer continuity and institutional knowledge and longevity, while PE-backed firms may be more focused on growth metrics and scalability. Here's a list of important market events slated for the week ahead. Monday, June 9 Wholesale inventories, April Tuesday, June 10 NFIB optimism index, May Wednesday, June 11 Consumer price index, May Core CPI, May Monthly U.S. federal budget, May Thursday, June 12 Initial jobless claims, week of June 7 Producer price index, May Core PPI, May Friday, June 13 Consumer sentiment (preliminary), June This week, will publish a Q&A with Irina Berkon, CFO of Metallicus, a technology company that builds compliant and regulation-abiding cryptocurrency banking tools for traditional financial institutions. After speaking at Consensus 2025, Berkon shares her experience speaking as a CFO at a large conference, how she believes cryptocurrency and blockchain technology are not taking a backseat to AI, her relationship with CEO and cryptocurrency 'pioneer' Marshall Hayner, keeping cryptocurrency on the balance sheet and more.
Yahoo
07-06-2025
- Business
- Yahoo
Former rivals Baker Tilly and Moss Adams just merged as private equity reshapes accounting. Their CEOs explain why they did the deal.
Baker Tilly and Moss Adams have merged to create the sixth-largest advisory CPA firm in the US. "We just added a bunch of arrows into our quiver," Jeff Ferro, CEO of Baker Tilly, told Business Insider. The deal marks a major shift for the mid-market landscape, which is being heavily influenced by private equity. Baker Tilly and Moss Adams merged this week in a deal that marks another shake-up for mid-market consulting firms and emphasizes the role being played by private equity in US accounting. The two firms, which are both in the tier below the Big Four, have a combined annual revenue of over $3 billion. By joining forces, they've catapulted themselves above BDO, Grant Thornton US, and CLA to become the 6th largest accounting firm by revenue in the US. The move brings together 11,500 employees into one firm that will keep the Baker Tilly name and be an independent member firm in the Baker Tilly International network. In a joint interview, the two CEOs of the merged firms told Business Insider that the move is mutually strategic and will help them navigate the challenges facing the mid-market. "We just added a bunch of arrows into our quiver," said Jeff Ferro, CEO of Baker Tilly. The deal also offers an insight into how private equity is reshaping the industry in the US. In 2024, Baker Tilly sold a stake to the private investment groups Hellman & Friedman (H&F) and Valeas, in the second-largest deal in the sector at the time. Baker Tilly is now, thanks to the merger, the largest firm in the industry to be partly owned by private-equity investors. It's a trend that is redefining the culture and business model of traditional accounting firms. Firms have typically paid out profits to equity partners, who also get a vote on how they are run. Private equity offers an influx of capital to help firms evolve their technology and data, but requires firms to divest the control historically promised to partners, shaking up their culture. Ferro told BI that Baker Tilly's strategic plan had been to grow through acquisition, and was a key part of what H&F bought into when they signed the deal. H&F will also make a "meaningful additional strategic investment in the business" as part of this transaction. "Our chances of executing our strategy were good, and now I think they're great," said Ferro. Combining firms also created strategic advances in geographic reach — Moss Adams is West Coast-focused, while Baker Tilly mostly covers the East, central, and has some international clients. The two firms bring specific industry strengths to the table and different tools and service capabilities to offer clients, Ferro said. "I see us being a $6 billion revenue organization in five years," Ferro said, which would mean doubling their current combined revenues. "It's quite a win," agreed Eric Miles, the former CEO of Moss Adams, who will take over from Ferro as CEO of Baker Tilly when Ferro retires at the end of the year. The needs of the mid-market client base are changing, and they require more scale and breadth of services than they used to, he said. At the same time, the firms themselves are seeing increasing demand for true fixed costs like training and development, and AI. Those kinds of pressures require large organizations to scale to be competitive, he said. Neither firm had to do the merger, Miles said, "But we had this strategic lens on it, saying, 'how can we be stronger? What's going to be required to be a leading competitive firm in the future?'" "The partnership with Baker-Tilly helped us meet all those long-term strategic objectives, which helps us not only deal with these forces, but get out in front and lead in the market," Miles said. Have a tip? Contact this reporter via email at pthompson@ or Signal at Polly_Thompson.89. Use a personal email address and a nonwork device; here's our guide to sharing information securely. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
