China

JD.com Sales During China Shopping Festival Better Than Expected: Analysts

Sales on JD.com e-commerce site during China's mid-year shopping festival - the first major shopping event since country's reopening - grew more than expec...

Heineken Names Joanna Price As Chief Corporate Affairs Officer

Brewer Heineken has announced the appointment of Joanna Price as its new chief corporate affairs officer, effective 1 July 2023.

Hormel Foods Reaffirms 2023 Forecasts, Shares Rise

Hormel Foods reaffirmed its annual sales and profit forecasts even as its second-quarter revenue missed estimates, sending the company's shares up as much...

Bakkavor Sees LFL Revenue Growth In First Quarter

Fresh prepared food maker Bakkavor has posted like-for-like revenue growth of 7.6% to £522.6 million in the first quarter of its financial year.

Brazil's JBS Swings To Loss, Citing Grain Costs And Meat Oversupply

JBS has reported a net loss of 1.45 billion reais ($290.2 million) for the first quarter, blaming high grain prices and an over-supplied meat market for th...

Oatly Names Jean-Christophe Flatin As New Chief Executive

Oat drinks maker Oatly has announced the appointment of Jean-Christophe Flatin as its new chief executive officer, effective 1 June 2023.

Coty Lifts Profit Forecast As Luxury Shoppers Seek Cosmetics, Fragrances

Coty Inc raised its annual profit forecast for the second time and beat third-quarter revenue estimates, buoyed by the CoverGirl parent's price hikes and s...

Chinese Dairy Giant Yili Reports Double-Digit Revenue Rise

Chinese dairy firm Yili has reported a 11.37% increase in revenue, to RMB 123.171 billion (€16.1 billion) in its 2022 financial year, which it said wa...