Shein valuation plunges from $100bn to $25bn ahead of Hong Kong IPO
Fast-fashion retailer reportedly plans to offer 8% of shares as slower growth and regulatory pressures weigh on investor appetite
Corporate news
Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Food Thoughts unveils rebrand and expansion
Cocoa-brand Food Thoughts has introduced a new premium range of cake mixes, frostings and chocolate chips, as part of a refreshed brand identity. A new logo, packaging, visual…
Pilgrim’s Europe agrees deal to acquire Walkers Deli & Sausage
Pilgrim’s Europe has agreed to acquire Walkers Deli & Sausage Company from Samworth Brothers. The transaction remains subject to Competition and Markets Authority approval and…
Harvey Nichols pauses online operations amid Frasers takeover
Harvey Nichols has temporarily paused online trading as it transitions to new ownership under Frasers Group. The luxury department store’s website has been replaced with a holding…
JBS-backed Pilgrim’s to buy UK pork firm Walkers from Samworth
Pilgrim’s Europe has agreed to acquire UK firm Walkers Deli & Sausage Company from Samworth Brothers. The post JBS-backed Pilgrim’s to buy UK pork firm Walkers from Samworth…
River Island to shut Sheffield store as part of wider restructuring
River Island is set to close its Sheffield city centre store next month, as it continues to reshape its store estate. The branch at 15 The Moor will shut permanently on 1…
Spinneys Overcomes Freight Disruption To Post 5% Revenue Growth In H1
Spinneys, which operates Waitrose in UAE, reported 2026 revenue of AED 1.9 billion (€448 million) in the first half.
Where SNAP participation has fallen the most
All but one state saw a year-over-year drop in the number of people enrolled in the food assistance program in April.
Ferrero makes new acquisition in the cereal market
The Ferrero Group is strengthening its position in the U.S. breakfast market with the acquisition of Purely Elizabeth, a brand known for its granola, oatmeal, and breakfast…
Wells Enterprises parent company acquires Purely Elizabeth
Following closing, Ferrero intends to support Purely Elizabeth's next phase of growth through continued product innovation, operational capabilities and expanded distribution…
Lactalis acquires Saputo's UK Dairy Division
Saputo to receive 988 euros in the transaction, expected to close in Q1 2027.
Synlait denies takeover talks with A2 Milk, Fonterra
New Zealand dairy and infant-formula business Synlait Milk has denied it is in takeover talks with The A2 Milk Company and Fonterra. The post Synlait denies takeover talks with A2…