China

Walgreens To Shut 1,200 Stores As CEO Wentworth Seeks Turnaround

Walgreens Boots Alliance said on it would shut 1,200 stores over the next three years as new CEO Tim Wentworth plots a turnaround at the struggling pharmac...

spiritsEUROPE Calls On European Commission To Seek A ‘Negotiated Solution’ With Chinese Counterparts

spiritsEUROPE, the representative body for the spirits industry at a European level, has urged the European Commission to find a negotiated solution with i...

Buyer’s Brief: Global Dairy Markets In The Spotlight

The dairy industry has always faced market fluctuations, however, an investigation by China could upend the European dairy sector considerably. Nick Peksa...

French Farmers Fear For Dairy Herd As Lactalis Cuts Milk Purchases

Lactalis is to reduce the volume of milk it processes in France, a move it said is aimed at reducing its exposure to international commodity prices.

Global Spend On Food To Be €540bn Higher This Year

Global spend on food is expected to total around $9 trillion (€8.1 trillion) this year, $600 billion (€540 billion) more than last year, new data...

Bid For 7-Eleven Owner Shows Japan's Governance Gains, Says Suntory CEO Niinami

A $39-billion (€35.3 billion) Canadian takeover bid for 7-Eleven's owner indicates a shift in Japan's corporate governance and has left CEOs "ner...

Parmigiano Reggiano Sales Up By 15% In First Half

The Parmigiano Reggiano Consortium has reported strong sales in the first half of its 2024 financial year, following a record-breaking year in 2023.

Walmart's Exit Raises Questions About JD.com's Future

JD.com needs to convince investors of its relevance amid a stagnant Chinese e-commerce market, aggressive price war and now, the departure of Walmart.