World News

Italy’s Todis Introduces Private-Label Sustainability Certification

Todis is evaluating the sustainability of its over 325 private-label suppliers in partnership with certification body SGS Italia.

Diageo To Sell Shareholding In Guinness Ghana Breweries

Spirits giant Diageo has announced plans to sell 80.4% shareholding in Guinness Ghana Breweries plc to Castel Group for $81 million (€77.7 million).

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Why Is Retail Losing Its Appeal To Investors?

AJ Bell, one of the largest investment platforms in the UK, warned this month that 'investors have fallen out of love with the retail sector.'

Kleenex-maker Kimberly-Clark Forecasts Strong Annual Profit Growth

Kimberly-Clark forecast annual adjusted profit growth ahead of Wall Street estimates and reported better-than-expected quarterly sales as it benefited from...

Estée Lauder Is Reviewing Portfolio Amid Management Change: Report

Estée Lauder is reviewing its portfolio of beauty brands, which could potentially lead to the sale of some of the labels, Bloomberg News reported on...

Amazon Names Jason Buechel VP Of Worldwide Grocery Stores

Amazon has appointed Jason Buechel as the vice president of its Worldwide Grocery Stores (WWGS) division, reporting to Doug Herrington.

Investindustrial Acquires Spanish Ice Cream Manufacturer Grupo Alacant

Global investment firm Investindustrial has agreed to acquire a majority stake in Grupo Alacant, an independent ice cream manufacturer in Spain.

Starbucks Reports Smaller-Than-Expected Sales Decline As Turnaround Takes Root

Starbucks reported a smaller-than-expected fall in first-quarter comparable sales, in early signs that the coffee chain was benefiting from CEO Brian Nicco...