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Nestlé Raised Prices More Than 9% in First Half of the Year
The world’s largest packaged food company said price hikes boosted sales and profitability, joining other consumer goods companies. Source link
'Forever Chemicals' Settlement Weighs on 3M Earnings
The company raised its earnings expectations for the year despite swinging to a quarterly loss. Source link
The Battle to Save Anchor Brewing, the Oldest Craft Brewer in the U.S.
Listen to article (1 minute) Workers at Anchor Brewing Company, the oldest craft brewer in the U.S., hope to prevent the company from shutting down
Russia Puts Chechen Official, Local Businessman in Charge After Seizing Western Assets
What to Read Next Source link
Russia Seizes Assets of Two Western Conglomerates
Russia’s seizure of the local operations of Carlsberg and Danone, two of the world’s largest consumer-goods companies, escalates economic hostilities with the West. Source link
Frito-Lay's Flaming Hot Sales
As consumers pull back, snack sales remain a source of strength for Pepsi and others. Source link
PepsiCo Sales, Earnings Rise on Snacks Spending
PepsiCo reported strong growth in sales and profit as consumers continued to shrug off price increases and spend on Doritos, Cheetos and other snacks. Source
Bud Light Faces Boycott Calls, but Punishing Brands Is Harder Than It Looks
CMO Today Research shows recent social-media calls to boycott brands such as Goya and Spotify haven’t meaningfully hurt sales and at times briefly had the
Private Equity’s Food Binge Goes Sour
Private-equity funds went on a buying binge for food companies before markets crashed in 2022. Now they have indigestion that is contributing to rising prices
Guinness Maker Diageo Appoints Its First Female CEO
The London-based maker of Johnnie Walker Scotch whisky and Smirnoff vodka said Debra Crew would take over from Ivan Menezes on July 1. Source link