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Marlboro Maker Altria Takes $2.6bn Third-Quarter Hit On Juul Investment

Altria Group Inc said on Friday it took a $2.6 billion charge on its investment in Juul Labs Inc in the third quarter, mainly due to lower revenue projecti...

Imperial Brands Completes Sale Of Worldwide Premium Cigar Businesses

Imperial Brands PLC has announced that it has completed the sale of its worldwide premium cigar businesses (Premium Cigars) for €1.23 billion. The...

Amazon Sees Pandemic Boosting Holiday Sales And Investment In Delivery

Amazon.com Inc has forecast a jump in holiday sales - and costs related to COVID-19 - as consumers continued to shop more online during the pandemic. A...

Tereos Says Most Of Large Brazil Sugar Stocks Already Sold

French sugar maker Tereos SA , which has a large operation in top producer Brazil, believes that a big part of historically high sugar ...

Alibaba To Kick Off China's First Post-Pandemic 'Singles Day' Early

China's Alibaba Group Holding Ltd will kick off its mega-shopping extravaganza "Singles Day" early this year, a move that will likely see a big j...

Groupe Casino Q3 Sales Slow On Weak Demand In France

French retailer Casino said sales growth slowed in the third quarter, as a weaker performance in France held back robust growth in Brazil, the group's seco...

AB InBev CEO Dismisses Speculation He Is Stepping Down Soon

Anheuser-Busch InBev's long-time chief executive Carlos Brito dismissed speculation about an imminent departure, telling Reuters that he expected...

Kesko Posts ‘Record' Results In Third Quarter Of 2020

Finnish retailer Kesko has reported net sales of €2.65 billion, up 4.6% year-on-year in comparable terms, in the third quarter of its financial year....