US

General Mills Cuts Annual Sales Forecast On Slowing Demand

General Mills cut its annual sales forecast, hurt by slowing demand for its higher-priced breakfast cereals, snack bars and pet food products.

ADM To Buy UK-Based Firm To Boost Nutrition Business

US agribusiness Archer-Daniels-Midland (ADM) said it would buy UK-based flavour and ingredient firm FDL, as the company looks to expand its nutrition busin...

Lawmakers Call On US Regulator To Thwart Kroger-Albertsons Deal

Six US lawmakers wrote to the Federal Trade Commission (FTC) expressing their opposition to the proposed $24.6-billion acquisition of grocery chain operato...

Tyson Foods Opens Fully-Cooked Food Production Plant in Virginia

Tyson Foods has opened a new fully-cooked food production facility in Danville, Virginia, investing $300 million and creating 400 new jobs.

Pernod Ricard Names Conor McQuaid As CEO Of North American Business

Spirits giant Pernod Ricard has appointed Conor McQuaid as CEO of North America (USA & Canada), effective 1 January 2024.

Japan's Seven & i Expands 7-Eleven Empire With Purchase Of Australian Franchise

Japanese retail conglomerate Seven & i Holdings has agreed to purchase the 7-Eleven convenience store chain in Australia for A$1.71 billion (€1 bi...

Rémy Wants To Fix US Inventory Problems By Year-End, Profits Fall

Rémy Cointreau's CEO said he aimed to end the year with a "sound" level of stock in the United States but it was unclear when these would...

Dollar Tree Trims Annual Sales Forecast As Customers Spend Less At Its Stores

Dollar Tree has trimmed its full-year sales forecast after missing third-quarter estimates, indicating that persistent inflation was weighing on demand for...