International Grocery News
Remy Cointreau’s Higher Profit Forecast Gives Warm Glow
Remy Cointreau raised its full-year profit forecast after a better-than-expected first half, driven by strong demand for its premium cognac in China, the United...
Heineken Moves Into Wines And Spirits Market With Acquisition
Heineken has agreed on a deal to take control of South Africa’s Distell Group Holdings and Namibia Breweries to form a southern Africa drinks...
General Mills Considering $3bn Brand Sell-Off
General Mills is reportedly working on a plan to sell its soup brand Progresso and ready-to-eat meals label Helper for around $3bn.
According to Bloomberg...
Hershey To Buy Two Pretzel Makers For $1.2bn
Hershey Co has agreed to buy two pretzel makers in separate deals worth about $1.2bn to beef up its snacking business.
Read the full article...
Ahold Raises 2021 Outlook After Robust Q3 Performance
Shares in Ahold Delhaize rose 4% today, hitting a two-decade high after the supermarket giant upgraded its full-year guidance following the release of relatively...
Carrefour Outlines Plans To Put Digital At The Heart Of Its...
Carrefour, Europe’s largest grocery retailer, is planning to spend €3bn between 2022 and 2026 to ramp up its digital commerce operations.
An e-commerce acceleration -...
Mondelēz International Raises Sales Outlook
The owner of brands such as Cadbury and Oreo increased its annual sales forecast yesterday after its third-quarter results came in ahead of expectations,...
Supply Chain Problems And Covid To Curtail Growth At Estee Lauder
Estee Lauder cut its full-year sales forecast yesterday after being hit by the industry-wide supply chain problems and a recent resurgence of Covid cases...
Biscuit International Strengthens Private Label Activities With Acquisition
Biscuit International, one of the leading makers of private label biscuits in Europe, has agreed to acquire Continental Bakeries from its majority shareholder, Goldman...
Sales Growth Slows At Carrefour; Still On The Offensive
Carrefour saw its sales growth slow in the third quarter due to tough comparables and weaker performance in its core French market where the...