Juul Looking To Lay Off Almost A Third Of Its Workforce
E-cigarette maker Juul Labs is reportedly planning to lay off 30% of its workforce as part of moves to reduce its operating costs.
The Wall...
Nestlé Named World’s Most Valuable Food Brand
Nestlé’s brand value was up 8% to $22.4bn this year, again earning it the title of the world’s most valuable food brand.
A report from...
CEO Of STADA Confirms Buyout Rumours
STADA, the owner of various consumer healthcare products and the Zoflora cleaning brand, has confirmed that “exploratory talks” about a possible sale of the...
Carlsberg Stepping Up Marketing Spend But With Targeted Approach
After posting robust first-half results yesterday, Carlsberg has revealed that it was stepping up its marketing spend but was only deploying it in areas...
CEO Of Kraft Heinz Stepping Down, Replacement Named
Kraft Heinz revealed yesterday that its CEO, Miguel Patricio, will be stepping down from his position at the start of next year.
Taking the reins...
Will Consider All Options During Review – New Bayer CEO
Bill Anderson, the new CEO of Bayer, has said he is keeping all options open as he reviews the conglomerate’s existing strategy and structure.
Anderson,...
AB InBev Sells Eight Brands In $85m Deal
Anheuser-Busch InBev has said it will sell eight of its brands to US-based Tilray Brands, in an all-cash deal worth $85m.
The deal includes AB...
Campbell Soup Set To Expand Portfolio With $2.7bn Deal
The Campbell Soup Company has entered into an agreement to acquire Sovos Brands in a deal worth around $2.7bn.
Sovos Brands makes a range of...
Beyond Meat Hit As Inflation Squeezes Shoppers
US vegan food firm Beyond Meat has seen its sales plunge by almost a third as the rising cost of living squeezes shoppers.
The plant-based...
Revlon’s CEO Steps Down
Revlon, the cosmetics giant that emerged from bankruptcy earlier this year, has announced that Debra Perelman has stepped down from her role as President...
