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...The decision comes as European consumers have been grappling with several years of high inflation, which has particularly affected food prices....
...In the UK, prices for food and non-alcoholic beverages rose 5 per cent in the year to February, the lowest since the start of 2022 and well below the 45-year high of 19.2 per cent in March 2023....
...“People are shifting from food and beverage brands to beauty brands....
...A number of food and beverage companies — including Starbucks, Kraft Heinz and McDonald’s — are fighting to hang on to customers....
...The company plans to introduce new boba-inspired drinks and food items to attract weekend customers. It is looking to tap into late-night and overnight demand....
...Universal, the world’s largest record company, told TikTok to remove its music from the platform at the end of January, criticising the Chinese-owned company for failing to pay fair value for use of its...
...Drawing on her prior experience running Suntory Beverage & Food’s human resources department, she wants to internationalise the group further....
...The UK franchise owner of TGI Fridays has agreed a £177mn reverse takeover that will see the US fast-food chain known for its potato skins, chicken wings and two-for-one cocktails list on the London Stock...
...Lipton, whose brands include PG Tips, Lipton and Pukka, is the world’s largest tea company....
...Food production, meanwhile, has been hammered by extreme weather as a result of climate change....
...The world’s largest food and drinks companies have said that poorer consumers in the US are cutting their spending in the face of persistent price rises, in a sign that the lowest earners are bearing the...
The antiquated system of setting prices is frustrating for merchants and their customers
...Associated British Foods, which also owns food brands Ovaltine and Ryvita, posted a 37 per cent increase in pre-tax profit to £881mn for the six months ending March 2, up from £644mn a year earlier....
...Watt said in a LinkedIn post on Wednesday that he would stay on as a board member and keep his shares in the company....
...“Seeing it back in growth is very important for the company’s profitability,” he added....
...“Margins on the continent tend to be better than with UK retailers because people pay more for their food....
...Universal Music is the largest record company, controlling about a third of the world’s music....
...The beverage companies face demands from two of the largest US hospital chains to evaluate their use of artificial sweeteners such as aspartame....
...A group of Nestlé shareholders has filed a resolution ahead of its annual meeting next month demanding the world’s biggest food company reduce its reliance on unhealthy products and arguing that the health...
...The news sent the company’s shares down 12 per cent....
...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....
...The company really should have known, having got into identical trouble two decades ago by launching an “Endless Crab” promotion, and finding that customers were all too willing to test the proposition....
...The FT reported that the company previously sought a sale of the business in 2022. Licht neither confirmed nor denied that the company was exploring a sale....
...ADM is the A in the so-called ABCD of global food commodities traders that play a pivotal role in global food supplies, along with Bunge and Cargill from the US and Louis Dreyfus in Europe....
...It was always so, but it has become more awkward for companies such as Unilever, with its focus on nutrition and ambition to become “a world-class force for good in food”....
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