United States

Italian Wine Exports Drop 4.4% In Volume and 7.3% In Value

Italian wine exports to the country's five key export markets declined 4.4% in volume and 7.3% in value in 2023, to €4.45 billion, new data has shown.

Forno d’Asolo-Sammontana Merger Creates €1b Frozen Food Giant

BC Partners has sold Italian frozen pastry and bakery products maker Forno d'Asolo to Investindustrial and the Bagnoli family, owners of the Sammontana gel...

Ahold Delhaize Reassures Investors With Cost Cuts

Supermarket group Ahold Delhaize has reported a stronger than expected fourth-quarter operating margin and said it will maintain 'a relentless focus on cos...

French Wine And Spirit Exports Fell Last Year On US Hangover, Industry Group Says

French exports of wine and spirits fell last year from a post-COVID peak as inflation clipped consumer demand and distributors in the lucrative US market c...

Weak IQOS Shipments Drive Philip Morris' Q4 Disappointment

Philip Morris International missed estimates for fourth quarter profit and forecasts for 2024, with slowing sales of its flagship heated tobacco...

Coca-Cola Set To Gain Edge Over PepsiCo In Q4 On Fewer Price Hikes

Coca-Cola is set to record stronger sales and profit growth in the fourth quarter compared to PepsiCo as it lured more price-conscious consumers with...

Altria Edges Past Quarterly Profit Expectations On Higher Pricing

Marlboro maker Altria edged past fourth-quarter adjusted profit expectations, as higher prices and a shift to alternative nicotine products helpe...

Starbucks Cuts Sales View Due To Middle East Conflict, Warns Of Weak Q2

Starbucks cut its annual sales forecast as the Israel-Hamas war hurt its Middle East business, while warning that softer demand in January and slow recover...