International Grocery News
Constellation Brands Divests Mainstream Wine Brands; Warns Of Lower Profits Due...
Constellation Brands, the maker of beers such as Modelo and Corona, has reached an agreement to sell its mainstream wine brands, related vineyards and...
KKR Closing In On Deal For Owner Of E45
KKR is close to acquiring Karo Healthcare, the owner of skincare brand E45, in a deal valued at approximately €2.6bn.
A report by the Financial...
Couche-Tard, 7-Eleven Face Early Hurdle On Store Divestiture Plan
Convenience store chain giants Couche-Tard and Seven & i, who are taking steps to divest thousands of stores they collectively own in North America...
EC Outlines Measures To Support Europe’s Struggling Wine Industry
The European Commission (EC) has put forward a range of measures aimed at ensuring Europe’s wine sector remains “competitive, resilient, and a vital economic...
Dollar Tree Divesting Struggling Family Dollar Unit For $1bn
US discount retailer Dollar Tree has announced that a consortium of private equity investors will buy its Family Dollar division for just over $1bn,...
L’Oréal Leads Calls To Leave Beauty Industry Out Of Trade War
European beauty groups, including L’Oréal and Beiersdorf, are reported to have been lobbying the EU to remove US cosmetics from the bloc’s list of...
Coty Divests Stake In Kim Kardashian’s Beauty Venture
Coty is selling its 20% stake in SKKN, the cosmetics and skincare brand founded by media personality Kim Kardashian.
Following the transaction, control of the...
Government In Australia Urged To Introduce Powers To Break Up Coles...
The Coalition and Greens parties in Australia are renewing calls for the Labor government to embrace powers to forcibly break up supermarket chains such...
Ben & Jerry’s Boss ‘Ousted Over Political Activism’
Ben & Jerry's has said its chief executive, David Stever, was being removed by its parent company, Unilever, in a growing dispute over the...
Weaker Consumer Demand Impacting General Mills
General Mills, the maker of products such as Cheerios, Nature Valley, and Old El Paso, has cut its annual sales and profit forecasts after...
