Financials & Economy
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High perishables, groceries sales drive Libstar’s half year revenue growth by 8.7%
SOUTH AFRICA – Libstar, one of South Africa’s leading Consumer Packaged Goods (CPG) manufacturers and distributors has reported an 8.7% rise in half year revenue…
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Hormel Foods Q3 sales surge driven by a rebounding foodservice sector
USA – American food company Hormel Foods has seen Q3 sales surge mainly driven by a rebounding foodservice business which delivered a 45% rise in sales when…
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Pernod Ricard buys minority stake in Sovereign Brands, expresses confidence on sales momentum as US, China lift profits
US – French alcoholic beverage company Pernod Ricard has acquired a minority stake in wine and spirits company Sovereign Brands, starting off a long-term partnership…
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Campbell full-year sales decline 2% as pandemic boom wanes and inflation sets in
USA – American processed food and snack company Campbell Soup has recorded a 2% decline in full-year net sales as markets return to normalcy following a…
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Coca-Cola Europacific Partners half year profits jump 58% driven by market rebound in Q2
UK – Coca-Cola Europacific, one of the largest anchor bottlers of Coca-Cola, has seen its half year profits jump 58% driven by a strong market rebound in…