LATEST NEWS
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McDonald’s to leave Russia 32 years after historic entry
RUSSIA – American multinational fast food corporation McDonald’s is exiting the Russian market bringing an end to a stint that commenced 32 years ago when…
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Stora Enso to take another US$58m hit following decision to exit Russia
RUSSIA – Finnish corrugated packaging company Stora Enso is expecting to incur an additional loss of US$55 million following its decision to fulling divest its…
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Molson Coors invests US$16m in upgrading, expanding capacity at UK cider production plant
UK – American multinational beverage company Molson Coors has invested US$16 million in upgrading facilities at a 300-year old UK cider production facility. The facility…
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Bel Group appoints Cécile Béliot as new CEO, Antoine Fiévet to assume Chairman role
FRANCE – French multinational cheese producer Bel Group has named Cécile Béliot as its new chief executive officer (CEO) effective May 2021. Béliot comes to…
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South African coffee chain Vida e Caffè acquires healthy food brand Sweetbeet
SOUTH AFRICA – Vida e Caffè, one of South Africa’s largest independent chain of coffee shops and a supplier of beverage products and services to…