International Grocery News
Walmart Debuts Its Store Of The Future Concept
Walmart opened its first Supercenter in four years last week, simultaneously unveiling its first Store of the Future concept in the US.
The Supercenter, in...
Coty Set To Unveil ‘Game-Changing Blockbusters’ To Stimulate Key Prestige Sector
Coty CEO Sue Y. Nabi yesterday spelt out the challenges facing the US beauty group’s business during the balance of what she termed a...
Private Equity Firm Eyeing Duty-Free Giant
CVC Capital Partners is reported to be considering a £6bn takeover offer for duty-free retail and travel catering giant Avolta.
According to Sky News, the...
Sanofi Completes Sale Of Controlling Stake In Consumer Healthcare Unit To...
Pharmaceutical group Sanofi has finalised the sale of a controlling 50% stake in its consumer health business Opella to CD&R, the US private equity...
Coty Reins In Forecast Due To Economic Uncertainty
Beauty goods giant Coty has cut the profit forecast for its current financial year and postponed its investor day by at least a few...
Rite Aid Files For Bankruptcy Again
US pharmacy chain Rite Aid has filed for bankruptcy for the second time in less than two years after a previous restructuring reduced the...
Moët Hennessy Cutting Jobs Amid Weaker Demand For Luxury Goods
Moët Hennessy, the wines and spirits division of LVMH, is reducing its workforce by more than 10% as part of moves to reinvigorate its...
Sales At Kellogg’s And Pringles Maker Come In Lower Than Estimates
Kellanova’s first-quarter sales missed market expectations as consumer spending weakened in the US amid concerns about rising prices caused by Donald Trump’s trade tariffs.
With...
Estee Lauder Warns Of Worse-Than-Expected Year After Weak Quarter
Struggling cosmetics giant Estee Lauder is now forecasting a bigger-than-expected fall in its annual sales after a slowdown in demand for beauty products in...
Pernod Ricard Completes Sale Of Wine Portfolio To Owner Of Accolade...
Pernod Ricard has completed the sale of its portfolio of international wines to Australian Wine Holdco Limited (AWL), a consortium of investors and owner...
