International Grocery News
ICA Gruppen Sells Baltic Unit For €1.3bn
Leading Swedish grocery retailer ICA Gruppen is selling Rimi Baltic, its wholly-owned operation in Estonia, Latvia and Lithuania, to Denmark’s biggest supermarket operator Salling...
Campari Flags Tariffs Impact During Year Of ‘Transition’
Italian spirits group Campari has warned that it faces a potential hit from US tariffs in what it said would be a “transitional year”...
Lindt & Sprüngli Delivers Higher Profits Despite Surge In Cost Of...
Swiss chocolate manufacturer Lindt & Spruengli has reported better-than-expected annual operating profits despite pressure from historically high cocoa prices.
“Tight cost control, efficiency gains, process...
Chair And CEO Of Kroger Grocery Chain Resigns Amid Personal Conduct...
Kroger’s chair and chief executive officer, Rodney McMullen, has resigned after an internal investigation into his personal conduct.
Kroger, the largest grocery chain in the...
Seven & I Shares Fall Amid Report It May Reject Buyout...
Shares of Seven & i Holdings were stuck in choppy trading today after the company denied a media report that it was rebuffing a...
Casino Posts Loss After Year Of Restructuring But Seeing First Signs...
French grocery retailer Casino has posted a net loss of €295m after a year marked by restructuring and store disposals in a bid to...
Shoppers Turn To Smaller Food Brands, Cutting Into Unilever, P&G Profits
Big Food’s worst nightmare is unfolding across US supermarket aisles. Shoppers, weary of high prices and highly-processed packaged food, are increasingly buying from smaller...
Beiersdorf Warns Of Slower Growth This Year
After posting strong annual results today, Beiersdorf warned that its growth was likely to slow during 2025 due to weaker demand for premium skincare...
Founding Family Abandons $58bn Buyout Of 7-Eleven Owner, Raising Prospect Of...
Shares in Seven & i Holdings slid over 10% today after the founding family abandoned an attempted $58bn buyout of the owner of the...
Danone’s Revival Plans Progressing After Strong 2024
Danone, the owner of brands such as Activia, Evian, and Aptamil, said today that it was moving on to the next leg of its...