Price cuts drive double-digit growth at Action
Price cuts, expansion, a growing customer base, and strong demand for summer products helped Action achieve a 14% increase in revenue in the first half of the year. However, the…
Corporate
L’actualité de l’alimentaire, des boissons, de l’hygiène-beauté, de l’entretien, de la distribution et des services PGC, mise à jour automatiquement, avec un lien vers l’éditeur d’origine.
Nestlé Beats Q2 Organic Sales Expectations, Forms Waters Joint Venture
Nestlé beats Q2 sales expectations and is targeting €3bn from a new waters joint venture with Platinum Equity.
Nestlé Brasil Invests €93m To Expand And Modernise Araçatuba Plant
Nestlé Brasil is investing R$ 540 million (€93.3 million) in its São Paulo facility, which produces infant and medical nutrition.
French Antitrust Greenlights Euralis-Maïsadour Merger
France's competition watchdog has approved the proposed merger of agricultural cooperative groups Euralis and Maïsadour.
Nike resets online distribution in ‘fragmented’ China market
Revenue in the region fell 12% in the brand’s most recent quarter and has been dragging down the company’s turnaround.
Moth secures £11m funding to invest in expansion
Ready-to-drink (RTD) brand Moth has secured £11m in funding, backed by Puma Growth Partners, Beringea and Guinness Ventures, to accelerate its expansion. The brand will invest the…
Frasers presses Hugo Boss, but neither side gives in
Frasers Group increases its stake in Hugo Boss to 30.28%, thereby crossing the German threshold for a mandatory public offer. The British retail group is sticking to the offer of…
Philip Morris Cuts Profit Forecast Again, Ramps Up Investment In Zyn
Philip Morris cut its annual profit forecast for the third time this year, hurt by intensifying competition and negative currency swings.
Greencore ups profit forecast on volume growth
Greencore has raised its forecast for a closely-watched profit metric after reporting volume growth the manufacturer said was ahead of the wider grocery market. The post Greencore…
Compagnie Léa Nature buys Spain’s Nagual Alimentación
French organic food group Compagnie Léa Nature has struck a deal to acquire Spanish tortillas and wraps maker Nagual Alimentación. The post Compagnie Léa Nature buys Spain’s…
Caledonia Spirits hires former Breakthru exec to lead expansion
Former Breakthru Beverage Group executive John Oliver has joined Vermont-based Caledonia Spirits as vice-president of sales The post Caledonia Spirits hires former Breakthru exec…
Shein clears Hong Kong IPO hurdle, but valuation challenge remains, says GlobalData
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