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Probe finds snack maker tried to prevent products moving between countries so consumers could get lower 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....
Main shareholder JAB Holding seeks to shake up business after period of sustained share price underperformance
...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....
...What about acquiring US beverage names?...
...“Among global players, we have a strong advantage since we have capabilities in both beer and alcohol beverages as well as soft drinks.” Read more here...
...“We’re seeing a bit of a slowdown in the US in both the food and beverage category,” chief executive Ramon Laguarta told analysts....
UK’s Hostmore, one of restaurant chain’s biggest franchisees, agrees £177mn reverse takeover in boost for City
National Farmers’ Union seeks extra support for growers after England suffers wettest 18 months since 1836
Bosses of Woolworths and Coles defend profitability on first day of inquiry
‘Price pack architecture’ is latest jargon to describe price increases without unleashing public opprobrium
Further tales from the tribunals
...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...
...“It’s really a beverage that can be infused with everything you can imagine.”...
The consumer goods multinational is separating its ice cream business amid competition from all sides
People (and fish) need to consume this seafood rather than wiping out stocks of the ‘big five’
Modern day mugging
World’s second-largest brewer tempers expectations for profit growth
Da mystery of caketaxin’
French food group’s sales return to higher volume in fourth quarter
...Trevor Stirling, analyst at Bernstein, said that Manzoni was “undoubtedly a very experienced beverages non-executive director” but he believed Diageo “will miss” Ferrán’s in-depth industry knowledge as former...
Kris Licht says consumer group will take ‘all steps available’ to challenge jury verdict that Enfamil product caused death of infant
Illinois jury awards $35mn more than was sought by the plaintiff’s lawyer
Groups including Legal & General among those pushing for stricter health targets at world’s biggest food company
Global agricultural commodities merchant confirms criminal investigation into financial reporting
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