Supermarket Price Disputes Hit Heineken; Welcomes EU-US Trade Deal
Heineken has reported a better-than-expected 7.4% increase in organic operating profit for the first half of the year, on net revenue up 2.1% on...
Carrefour Selling Italian Unit To Owner Of Princes
French grocery giant Carrefour has agreed to sell its loss-making business in Italy to the NewPrinces Group, the Italian food and drinks manufacturer formerly...
Higher Prices Boost Profits At Coca-Cola; To Roll Out Cane Sugar...
Coca-Cola posted results ahead of expectations yesterday, boosted by higher prices, while the soft drinks giant announced it would introduce a Coke variant made...
Price Hikes Hit Volumes At Lindt
Swiss chocolate manufacturer Lindt & Sprüngli raised its organic growth forecast yesterday after recording strong sales in Europe. However, its shares tumbled as steep...
PepsiCo More Upbeat On Outlook; Making Shift To Natural Ingredients
PepsiCo has posted better-than-expected quarterly results, driven by steady demand for its soft drinks and snacks in the US and other major markets, including...
Coca-Cola Defends Corn Syrup After Trump Claims He Struck Cane Sugar...
The Coca-Cola company has defended its use of corn syrup after Donald Trump’s claim Wednesday that he had apparently convinced the brand to switch...
Ferrero Poised To Revive WK Kellogg Sales For Health-Conscious Americans
Nutella spread maker Ferrero, armed with experience in health-regulated European markets and a track record of revamping struggling brands like Keebler cookies, has a...
Kraft Heinz Exploring Break-Up
Kraft Heinz is considering a potential spin-off of a large part of its grocery business, including many of the Kraft products, into a new...
Ferrero Expands Footprint In The US With $3.1bn Acquisition Of WK...
Italian food giant Ferrero has struck a deal to acquire WK Kellogg Co for $3.1bn, marking a significant move to strengthen its position in...
Ferrero Close To Acquiring Remaining Kellogg’s Business In The US
Ferrero, the Italian food giant behind brands such as Nutella, TicTac, and Kinder, is reported to be in advanced talks to buy the US...
