China

Rémy Cointreau Forecasts Stable Sales, Investors Disappointed

French spirits group Rémy Cointreau predicted sales would remain stable in financial year 2023-2024, reflecting weak US demand in the first half but...

Pernod Ricard Upbeat On Q4 As Consumer Demand Recovers In China

French spirits group Pernod Ricard reported a bigger-than-expected decline in third-quarter sales but said it was confident of delivering a strong performa...

L'Oréal Q1 Sales Rise 13% With Strong Performance In US, Europe

L'Oréal reported a 13% rise in first quarter sales, beating expectations thanks to strong business in the United States and Europe as shoppers shrug...

Food Security Drives China To Cut Soymeal Use In Animal Feed

China's agriculture ministry issued a three-year action plan on Friday to reduce soymeal use in animal feed as it continues to try to reduce its heavy reli...

LVMH Flags Strong Chinese Rebound, US Slowdown

LVMH, the world's largest luxury company, reported a 17% rise in first-quarter sales, more than double analysts' expectations, as China rebounded sharply a...

Alibaba Invites Businesses To Trial New AI Chatbot

Tech giant Alibaba is seeking companies to test its Tongyi Qianwen AI chatbot, business publication STAR Market Daily has reported, joining the rush to emu...

Italy's illycaffè Reports Double-Digit Growth In Profit In FY 2022

Italy's illycaffè has reported an 18.9% year-on-year increase in net profit to €14.2 million in its financial year 2022.

Chinese Pork Giant WH Group Processes More Chicken To Offset Competition

Chinese pork processing giant WH Group processed 30% more poultry last year, the company said, as it diversifies into other meats to lower costs and become...