International Grocery News
Activist Investor Builds Stake In PepsiCo To Push For Change
Elliott Management, one of the largest activist hedge funds in the world, has built a stake worth approximately $4bn in PepsiCo, with plans to...
Nestlé’s New CEO Faces Full Plate Of Problems
The abrupt dismissal of Nestlé CEO Laurent Freixe has catapulted Philipp Navratil into the top job overnight, tasking him with reversing a prolonged share...
Kraft Heinz Announces Break-Up Plan
Following weeks of rumours, global food giant Kraft Heinz has confirmed that it plans to split its business into two in a bid to...
Nestlé Dismisses Chief Executive Over ‘Undisclosed Romantic Relationship’
Nestlé’s CEO, Laurent Freixe, has been dismissed with immediate effect after an investigation into an “undisclosed romantic relationship” with a direct subordinate found the...
Celsius Becomes PepsiCo’s ‘Strategic Energy Drink Captain’
PepsiCo has increased its stake in Celsius Holdings through a $585m deal that will help strengthen its energy drink business amid shifting consumer preferences.
The...
Danone Overhauling Leadership Structure
Danone, the owner of brands such as Activia, Evian, and Aptamil, has changed the way it organises its leadership geographically.
The French firm is moving...
Keurig Dr Pepper To Acquire Coffee Maker JDE Peet’s
US beverage giant Keurig Dr Pepper has agreed a deal worth €15.7bn to acquire European coffee company JDE Peet’s.
The transactions will lead to a...
Dagrofa Joins EMD’s Retail Group
European Marketing Distribution (EMD), one of Europe’s leading buying alliances, is expanding its Scandinavian presence by welcoming Dagrofa Denmark into its Retail Group.
The alliance...
Solid Quarter For Walmart, But Warns Tariffs Are Driving Up Costs
Walmart has posted robust second-quarter results as squeezed consumers flocked to its stores in search of value. However, the world’s biggest retailer warned that...
Estée Lauder Warns On Profits Amid Pressure From Tariffs
Shares in cosmetics giant Estée Lauder fell nearly 4% yesterday after it warned that its annual profit this year was now expected to come...
