Chile

Chile's Cencosud Reports Growth In Net Income In Third Quarter

Chile's Cencosud saw reported net income rise by 95.2% in the third quarter of 2024, reaching CLP 88.4 billion (€85 million).

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...