Chile

Brazilian Brewer Ambev Profit Slides 11% On Higher Tax Provisions

Brazilian brewer Ambev reported an 11% drop in third-quarter net profit on Thursday, hurt by higher tax provisions in its home market, pushing its shares d...

Profits Soar 75% At Chile’s Cencosud In Second Quarter

Chilean retail giant Cencosud announced a significant 75.1% surge in profits to $117 million (€108 million) for the second quarter of 2024.

Italy Increases Share of Global Wine Exports To 22%

Over the past 20 years, Italy's share of the global wine export market has grown from 17% (in 2003) to 22% (in 2023), new data has shown.

China's Crowded Wine Market Offers No Lifeline For Struggling Global Industry

Australia's wine industry has cheered news that China will drop anti-dumping tariffs, re-opening its market to imports, but the tougher economic...

Nestlé Launches 'Maggi Veg' Vegan Shelf-Stable Products

Food giant Nestlé has launched a new range of vegan shelf-stable cooking solutions under its Maggi Veg brand in Chile.

Chile's Cencosud Sees Net Income Up 163% In Q2 2023

Chilean multi-format retail holding company Cencosud reported net income of US$ 179 million (€164 million) in the second quarter of 2023, registering...

Nestlé R&D Announces Partnership With UC Chile For Research On Marine Plants And Algae

Food giant Nestlé has entered into an agreement with the Pontificia Universidad Católica de Chile (UC Chile) to explore the potential of mari...

U.S. Food Retailer The Fresh Market Scraps IPO Plans

U.S. food retailer The Fresh Market Holdings Inc has filed to withdraw plans for an initial public offering, months after agreeing to sell a majority stake...