Pernod Ricard Still Upbeat On Year Ahead
Spirits giant Pernod Ricard stated today that it was confident its sales growth would remain “dynamic” through its current financial year after posting better-than-expected...
Philip Morris Sweetens Buyout Bid For Swedish Match
Philip Morris International has raised its buyout offer for Swedish Match in a last-ditch effort to get shareholder support for its $16bn move into...
Better Year For Estée Lauder, But Cautious On Outlook
Cosmetics giant Estée Lauder saw its organic net sales increase 8% to $17.74bn over the year to 30 June.
This was driven by double-digit growth...
Court Approves $1.4bn Bankruptcy Loan So Revlon Can Keep Trading
Embattled beauty giant Revlon has received a judge’s permission to proceed with a $1.4bn loan to help it continue trading after filing for Chapter...
Demand For General Mills Brands Holding Up Despite Price Hikes
General Mills, the owner of brands such as Cheerios, Nature Valley, and Old El Paso, has posted forecast-beating quarterly results after benefiting from higher...
Mondelēz To Pay Nearly $3bn For Energy Bar Maker
Mondelēz International is expanding its business with the acquisition of energy bar maker Clif Bar & Company for $2.9bn.
The group, which owns Cadbury, Oreo,...
Kellogg’s Splitting Into Three Companies
Cereal giant Kellogg’s has announced plans to spin off its North American and plant-based foods businesses, resulting in three independent public companies that will...
Mars Names Global President For Pet Nutrition Unit
Mars has appointed Ikdeep Singh as the new Global President for its Pet Nutrition business.
Singh will be responsible for some of the world’s largest...
Unilever To Take Majority Stake In Nutrafol
Unilever has signed an agreement to acquire a majority stake in Nutrafol, a leading US-based provider of hair wellness products. No financial details of...
Refresco Announces Change Of CFO
Refresco, the global beverage solutions provider, has announced the departure of Adee Packer as its Chief Financial Officer.
The company has promoted Bill McFarland, CFO...