Consumer Caution Hits PepsiCo
PepsiCo cut its annual sales forecast today as cash-strapped consumers in its main North American market limited their spending on snacks and soft drinks,...
Upfield Changes Names
Upfield Group, the spreads business sold by Unilever in 2017, has changed its name to the Flora Food Group. It stated that the change...
Campari CEO Resigns After Less Than Six Months
Matteo Fantacchiotti, the CEO Of Italian spirits giant Campari, has stepped down after only five months in the role, with the company citing “personal...
General Mills Sells Yogurt Operations In North America
General Mills, the owner of brands such as Cheerios, Nature Valley, and Old El Paso, is selling its North America yogurt business to French...
Campbell Soup Company Set For Name Change
The 155-year old Campbell Soup Company has announced that it plans to drop soup from its name and be called The Campbell’s Company.
Chief executive...
World Food Prices Dip Slightly In August
Data from the Food and Agriculture Organization of the UN (FAO) shows that the benchmark for world food commodity prices declined marginally in August,...
CEO Of Accolade Wines Stepping Down; UK-Based Chairman To Take Control
Accolade Wines, the Australian firm that owns brands such as Hardys Wines, Jam Shed and Banrock Station, has announced that Robert Foye will be...
Pernod Ricard Forecasts Return To Growth After Disappointing Year
Drinks giant Pernod Ricard expects its sales to grow again during its next financial year, even if challenges in the key US and Chinese...
What Went Wrong For Nestlé CEO Mark Schneider
Mark Schneider, Nestlé’s recently ousted CEO, steered the world's biggest food maker through the Covid-19 pandemic, grew margins despite a subsequent supply chain crunch,...
CEO Of Nestlé Stepping Down
Nestlé is changing its Chief Executive amid a challenging period for the world’s largest food manufacturer.
Mark Schneider, who has held the role for eight...