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...The company’s products are sold in 40 markets worldwide and it has offices across Europe, the US and Asia....
...Mitsubishi said its group companies were currently buying from ZOF, while FCF declined to say if it was doing so....
...The EU had now found against Mondelez and would issue a fine and an order for the company to end any anti-competitive practices, the people said....
...In February, alongside Kenyan President William Samoei Ruto, the company inaugurated a new tea academy....
...Consumers purchased fewer of Pepsi’s beverages and snacks in 2023, with volumes declining 1 per cent and 2 per cent, respectively....
...PepsiCo products may not be on Carrefour shelves right now but shoppers might find similar snacks under the supermarket chain’s own label close to signage denouncing the US company’s “unacceptable” price...
...The snacks and beverages company said it expects 4 per cent organic revenue growth in 2024, missing analyst expectations for 6 per cent growth and well below the 9.5 per cent growth of 2023....
...Pepsi shares are already down 15 per cent for the year....
...What about acquiring US beverage names?...
...It would usually be rare to see a listing for a profitable company that was not oversubscribed many times over by local retail investors. Chabaidao was undersubscribed....
...In the new category of no- and low-alcohol beverages, he added that the company would invest more in start-ups to gain the technology and capability to produce more beverages in small volumes....
...“Seeing it back in growth is very important for the company’s profitability,” he added....
...Shares in other food and beverage companies — including Pepsi, Coca-Cola, Mondelez International and McDonald’s — are down about half that over the same period. Valuations have slimmed down too....
...The company also sold two fixed-rate bonds Wednesday, but they’re also on the relative short end of the duration range: A $800mn two-year bond and a $700mn three-year bond....
...Chief executive George Weston said the performance was driven by investments in the company over the past few years such as opening new stores or automating some warehouses, and profit margins “recovering...
...“We’re seeing a bit of a slowdown in the US in both the food and beverage category,” chief executive Ramon Laguarta told analysts....
...At a Fortune event earlier this week, Pepsi chief executive Ramon Laguarta touted the company’s commitment to reducing plastic waste....
...Fuad Mohammed Abubakar, head of the Ghana Cocoa Marketing Company, said he was not worried. “Farmers in Ecuador are producing near-optimal yield levels,” he said....
...The deal will be a boost for the moribund London stock market, which on Tuesday faced the prospect of losing further companies following a proposed delisting of retailer Superdry and an agreed takeover for...
...Now, more beverage companies are having to consider water access in the communities where they operate, as well as the volumes used by their suppliers, as water stress increases the world over — causing...
...For company bosses, the dirty trick is being honest with the latter without tipping the former off. And if you cannot find the right words, just make some up....
Further tales from the tribunals
...When a company is sold there tends to be a standard playbook: There’s some tough negotiations. Then, the buyer gets a business and the seller gets a check. Everyone’s happy....
...Atsushi Katsuki, whose group produces beers including Asahi Super Dry, Peroni Nastro Azzurro and Pilsner Urquell, said the company was planning to expand its line-up of alcohol-free beverages in the US,...
...The consumer goods company this week announced that it plans to slim down by splitting off its ice cream business, which includes Magnum, Ben & Jerry’s and Wall’s....
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