United States

Mars To Acquire Kellanova In Mega $36bn Deal

Mars said it would buy Kellanova in a nearly $36 billion (€32.7 billion) deal, making it the biggest buyout in the packaged food industry.

Starbucks Appoints Chipotle's Niccol As CEO In Surprise Move

Starbucks has named Chipotle Mexican Grill head Brian Niccol as its new CEO, poaching a successful fast-food executive known for reviving the burrito chain...

EU Beer Production Reaches 34.3 Billion Litres In 2023: Eurostat

EU countries produced 34.3 billion litres of beer in 2023, including 1.8 billion litres containing less than 0.5% or no alcohol, according to the latest da...

Monster Beverage Misses Quarterly Sales Estimates As Economic Fears Slow Demand

Monster Beverage missed market expectations for second-quarter sales as budget-conscious consumers kept a tight lid on spending.

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.

World Food Prices Ease Slightly In July, UN Says

The United Nations world food price index eased slightly in July according to the latest data, with a decline in the index for cereals offset in part by in...

AB InBev's Q2 Profit Growth Outshines Sales Miss

Anhueser-Busch InBev has reported forecast-beating core profit for the second quarter as cost discipline measures paid off, despite revenue and volumes fal...

Just Eat Takeaway Announces Buyback As Europe Leads Profits Beat

Just Eat Takeaway reported a more than 40% jump in first-half core profit, announced a share buyback programme and said it was focused on using technology...