International Grocery News
Estee Lauder Cutting Thousands Of Jobs
Struggling beauty giant Estee Lauder revealed today that it is expanding its restructuring plan to include up to 7,000 job cuts after forecasting that...
Weak Consumer Demand Impacts Profit Outlook At PepsiCo
PepsiCo is forecasting that its annual profit this year will now come in below expectations after missing quarterly revenue estimates due to weakening demand...
Colgate-Palmolive Reaches Sales Milestone But Warns Of Weaker Demand Ahead
Shares in Colgate-Palmolive slipped nearly 5% on Friday after the company’s revenue guidance came in below Wall Street’s expectations.
A 2024 results statement showed the...
Volume Recovery Driving Growth At Kimberly-Clark
Kimberly-Clark, the owner of brands such as Huggies, Andrex and Kleenex, has reported better-than-expected quarterly sales after benefitting from consumers switching back to its...
Estee Lauder Could Sell Off Some Of Its Beauty Brands
Struggling beauty giant Estee Lauder is reported to be reviewing its portfolio of beauty products, which could potentially lead to the sale of some...
Amazon Tasks Whole Foods CEO With Overseeing Grocery Store Business
Amazon has appointed Jason Buechel, the CEO of its Whole Foods unit, to oversee its grocery store operations around the world.
Doug Herrington, the company’s...
Ferrero Snaps Up Protein Snack Company
Italy-based confectionery and biscuits giant Ferrero has signed an agreement to acquire Power Crunch from Bio-Nutritional Research Group for an undisclosed sum.
Founded in 1996,...
Product Innovation Helps Drive Volume Growth At P&G
Procter & Gamble has beaten quarterly estimates for sales and profit as demand for its home and personal care products increased in its core...
Higher Costs Hit Profits At Essity But Seeing Volume Growth
Essity, the hygiene and tissue products maker which owns brands such as Lotus, Tork, Tena, and Bodyform, has reported fourth-quarter core profit below market...
US Regulator Sues Soft Drinks Giant Over Discounts For World’s Largest...
The Federal Trade Commission (FTC) in the US is suing PepsiCo, alleging that the soft drinks and snacks manufacturer had used practices that gave...
