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Howard Schultz Steps Down From Starbucks Board
Schultz had returned to the coffee chain’s C-suite and board last year to help navigate challenges with workers and operations. Source link
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
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
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