Food and drink
Nestle CEO departure seen as ‘not such a bad thing’ for investors, analyst says
Swiss food giant Nestle’s headquarters in Vevey, Switzerland. Fabrice Coffrini | Afp | Getty Images LONDON — Investors may think that the replacement of Nestle CEO Mark Schneider with company veteran Laurent Freixe is “not such a bad thing,” analyst Jon Cox said Friday. Cox, who is head of consumer equities at Kepler Cheuvreux, told […]
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Europe’s wineries battle to survive as extreme heat hurts production
This year’s wine harvest is in full swing on the perennially popular Greek island of Santorini, but for local winemaker Yiannis Paraskevopoulos, the prospects do not look good. Extreme temperatures are threatening production of the indigenous Assyrtiko grape, critical to the island’s internationally recognized fine white wines. Last year’s output at Paraskevopoulos’s Gaia Wines was […]
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Walmart adds a Burger King benefit to its membership program
A Burger King Whopper hamburger is displayed in San Anselmo, California. Justin Sullivan | Getty Images Walmart members are in for a whopper of a deal. The retailer on Thursday announced a new partnership with fast food chain Burger King that will offer members of its Walmart+ subscription program 25% off any Burger King order […]
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As booze alternatives take off, more nonalcoholic drink makers promote health benefits as the next buzz
Mimi Lam, co-founder and chief executive officer of Superette, arranges cannabis-infused beverages at the Superette Sip ‘N’ Smoke cannabis dispensary in Toronto, Ontario, Canada, on Monday, Oct. 25, 2021. Della Robbins | Bloomberg | Getty Images More Americans are looking for alcohol alternatives, and beverage makers that tout the health benefits of their drinks are […]
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Harris to propose federal ban on ‘corporate price-gouging’ in food and groceries
U.S. Vice President Kamala Harris delivers remarks during a campaign event at West Allis Central High School, in West Allis, Wisconsin, U.S., July 23, 2024. Vincent Alban | Reuters WASHINGTON — Vice President Kamala Harris plans to propose the first-ever federal ban on “corporate price-gouging in the food and grocery industries,” her campaign announced late […]
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Mars to acquire snack maker Kellanova in $36 billion deal
A box of Kellogg Co. Eggo brand frozen waffles is arranged for a photograph in New York. Tiffany Hagler | Bloomberg | Getty Images Mars will acquire Kellanova for $35.9 billion in cash, tying together some of the largest U.S. candy and snack brands, the companies announced Wednesday. The M&M owner Mars is acquiring the […]
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Mars to acquire Cheez-It, Pringles-maker Kellanova in $36 billion deal
Packages of Pringles potato chips are displayed on a shelf at a market on April 5, 2011 in San Francisco, California. Diamond Foods Inc. has agreed to purchase Pringles chip operations from Procter & Gamble Co. for $1.5 billion, a move that will triple the size of its snack foods business. Justin Sullivan | Getty […]
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Arsenal names Athletic Brewing as official nonalcoholic beer partner
Athletic Brewing Company is the official nonalcoholic beer partner of Arsenal F.C. Courtesy: Athletic Brewing Co. Athletic Brewing Company has scored a partnership with Arsenal, becoming the English soccer team’s first official nonalcoholic beer partner. Arsenal will feature Athletic Brewing’s Run Wild IPA at Emirates Stadium for both men’s and women’s matches, and Athletic Brewing […]
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Kellanova stock climbs on reports of potential sale to M&M’s owner Mars
Signage for Kellanova outside the New York Stock Exchange on Sept. 5, 2023. AP Shares of Kellanova climbed 13% in morning trading Monday on reports of buyout interest. M&M’s owner Mars is in talks to acquire the snacking company, CNBC’s David Faber reported, adding rival candy company Hershey is also potentially interested in buying the […]
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Johnnie Walker-maker Diageo plunges 10% on full-year sales decline, but Guinness a bright spot
John Morrissey serves pints of Guinness at a traditional Irish pub in Dublin on May 21, 2024, in Dublin, Ireland. Nurphoto | Nurphoto | Getty Images Shares of spirits giant Diageo tumbled more than 10% on Tuesday morning, after the Johnnie Walker-maker posted its first sales decline since the start of the pandemic. Shares were […]
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