Higher Costs Hit Profits At Essity But Seeing Volume Growth
Essity, the hygiene and tissue products maker which owns brands such as Lotus, Tork, Tena, and Bodyform, has reported fourth-quarter core profit below market...
Brown-Forman Shrinking Workforce Amid Weaker Demand For Alcohol
Jack Daniel’s maker Brown-Forman has announced that it is laying off about 12% of its global workforce of 5,400 employees in a bid to...
Lindt Planning Further Price Hikes To Combat Higher Cocoa Costs
Lindt & Spruengli lifted its 2024 margin estimate yesterday and forecasted further sales growth for 2025, having reported annual organic growth of 7.8% after...
Hike In Promotions To Win Back Shoppers Hits Profits At General...
General Mills, the owner of brands such as Cheerios, Nature Valley, and Old El Paso, has cut its annual profit forecast after ramping up...
Nestlé Launches Protein Shots For Weight-Loss Drug Users
Nestlé is launching protein shots in the United States, which it says help suppress appetite for people looking to shed pounds, the latest effort...
Mondelēz Focused On ‘Bolt-On’ Deals
Days after a report that it is exploring the acquisition of Hershey, Mondelēz International has stated that it is currently focused on “bolt-on” deals.
Earlier...
Colgate Testing NPD On ‘Digital Twins’
Colgate-Palmolive has revealed that it is gaining feedback on possible new products from ‘digital twins’.
Speaking at a Reuters event, the company’s Chief Analytics &...
Maker of Jack Daniel’s Posts Better-Than-Expected Quarterly Figures
Brown-Forman has posted second-quarter sales and profits above estimates, helped by steady demand for its ready-to-drink lines and spirits.
The company’s famed whiskey products, including...
Coca-Cola Waters Down Environmental Targets
Coca-Cola is facing criticism from environmental groups after announcing that it was dialling down its recycling and packaging reuse goals.
The soft drinks giant said...
Campari Names New Chief Executive
Italian spirits giant Campari has nominated industry veteran Simon Hunt as its new Chief Executive. He will replace Matteo Fantacchiotti, who abruptly resigned in...