International Grocery News
Head Of Walmart’s E-Commerce Unit Leaving
Walmart’s top executive for its fast-growing e-commerce operation is stepping down next month only two years after joining the US retail giant.
An internal memo...
Walmart Is Quietly Preparing To Enter The Metaverse
Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of non-fungible tokens, or NFTs.
The US retail...
French Bakers In Pain Over Cut-Price Supermarket Baguettes
French bakers have taken aim at a major supermarket chain that is offering inflation-busting low prices for baguettes, saying the move will undermine competition...
Auchan Reportedly Considering Another Bid For Carrefour
A potential merger between French grocery giants Auchan and Carrefour could be back on the cards after talks broke down last year.
Citing people with...
Beiersdorf Acquires Beauty Brand
Nivea owner Beiersdorf has entered into an agreement to acquire Chantecaille Beaute Inc. as part of plans to grow its beauty product portfolio.
Depending on...
Metro AG Expects To Return To Growth After Mixed Year
German wholesale giant Metro AG expects to deliver sales growth of between 3% and 7% in its next financial year after seeing a recovery...
French Tie-Up Aims To Put More Fizz In Champagne Market
Two of Champagne’s leading producing cooperatives, Nicolas Feuillatte and Castelnau, have agreed to merge in a bid to become one of the three biggest...
Former Unilever Exec To Lead Chanel
Cosmetics and luxury goods brand Chanel has appointed Leena Nair, a 30-year veteran of Unilever, as its new Global Chief Executive.
The privately held company...
Costco Results Ahead Of Expectations But Warns Of Supply Issues
Costco reported better-than-expected quarterly results yesterday but warned of availability issues of some seasonal items due to the global supply chain crunch caused by...
L’Oréal Acquires Skincare Brand
L’Oréal has reached an agreement to acquire Youth to the People, an American skincare company based in California.
Founded in 2015 by two cousins, Greg...
